BREAKING NEWS: Don't Buy A Buy To Let In 2023!

[@TheAnxiousInvestor]

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[@dreamkiss]

Great video very honest and saying how it is. I totally agree with you I am not buying buy to let in 2023 absolutely no margin in it. I am focusing on renovation of my exiting older properties at the moment.

[@TheAnxiousInvestor]

Much smarter move there my friend. Good luck with the renovation & hopefully get a nice decent uplift 👌🏽👌🏽

[@andrewmacfarlane4599]

For me buy-to-let is never a bad idea. As long as the interest rate is below inflation and the monthly returns work out to something you are happy with after analysing a deal PROPERLY, why wouldn't you consider it? Good properties may be harder to find than they were before but they are certainly still out there. Look at what the 'big players' are doing...your big banks, pension funds etc, they are currently investing literally billions into property while some of the same companies are funding media articles telling everyone that property is dead!! For me, even IF the first few years are a bit tougher with slight market fluctuations, you will never lose out in the long run.

[@edenbreckhouse]

You mean the kind of big players who right royally cocked up in 2008? Just because they are big players doesn't mean they're always right.

[@KevinCambell-ig1ty]

It's a bad idea for communities, for the neighbours of your short term get rich quick plans. Every renter shouldn't pay rent. I applaud the Tennant's who bankrupts the get rich quick merchants. Isn't it strange that buy to letter money grabbers don't care about us residents in OUR communities, so why should we care? Don't rent, squat!!

[@andrewmacfarlane4599]

@@KevinCambell-ig1ty do you not realise that if there weren't private landlords renting out properties it would be even worse for the housing shortage? If anything you should be more annoyed at the government for not providing more housing to people who need it. Renting properties is just the norm for people until they are able to buy their own, I've been through that cycle and don't have the bitterness you seem to. I know plenty of landlords (including my previous landlords) who do care about their tenants and don't overcharge rent etc. Also if you knew anything about property you'd know that buy-to-lets are not a get rich quick scheme lol, wise up!

[@andrewmacfarlane4599]

@@edenbreckhouse look at the long term growth of property - it has NEVER gone down in value over any 10 year period, including the 10 years before, during and after 2008. When it comes to property, the banks, trust funds, pension funds etc know what they are doing. They are buying property knowing in the long term it will grow in value while issuing statements telling everyone to sell their homes. Seriously just look at the figures and they speak for themselves.

[@quilarvium8606]

Wow! A buy to let Guru being refreshingly honest. Well done that man! I sold in 2019 but never saw Cough Cough cold coming and missed 25%. However I piled into physical art, antiquities and physical gold and silver. So yes, all opportunities of investment can be profitable but always never be married to the trade. Good luck to you and your wife on the Ecel adventure. Also can you do a video on how the government have sneakily reduced Capital Gains Allowance! I can’t believe that more people are not aware👍 Keep it up and good luck!

[@TheAnxiousInvestor]

Very kind, even 11 years in now I still don’t consider myself an expert/guru. Every days an opportunity to learn. Thanks so much for the best wishes, it’s our passion project so we’ll stick at it. Gold is a good shout in terms of your investments - something I’ve considered recently but I wouldn’t know where to start with art haha. Ahh yeh I think I did mention the CGT on one of my biweekly updates but happy to drop a video on it as it’s probably not something everyone is aware of. All the best 🙏🏽❤️

[@quilarvium8606]

Indeed Sir, every day is a school day. My grandfather’s words were never lost on myself. He would say. Q! You are, if not you will become the accompaniment you keep! He was right god bless him.

[@paulreilly5987]

I know someone who took a year to get a tenant out and when the tenant moved out they also took the landlords stuff (appliances, furniture etc). The landlord stood and watched the eviction and their lawyer just said, leave it, its not worth challenging. The only plus was the stuff stolen looks like it has been trashed too. The state of the property handed back was terrible. They sold the property, not worth it.

[@TheAnxiousInvestor]

So crap to read. I don’t know how anyone feels that behaviour is justified. I’m probably £8k down by time court date comes around & then I dread to see the state of the place too. See constant parties on their socials & family members who shouldn’t be there. Nuts how the government offers no other solutions & doesn’t support those offering one. Makes me want to sell it too but I have to remind myself how it took me 30 years to get the house & being one of the first in my family to do so. No fun being a LL nowadays.

[@eugenechelseafc89]

That sounds like a tenant on benefits. I can’t imagine a working professional tenant doing that. I mean what do I know. I’m just assuming.

[@m9017t]

Isn’t the solution to pay a few burly guys to get the non-payer out of the property?

[@TheAnxiousInvestor]

Haha no comment. In hindsight it’d be cheaper though

[@rikardsaje]

For me it still works, the rents have increased to cover the extra mortgage costs. I rent my BTL'S to organisations that look after them and I don't need to worry about getting paid. Also there isn't many things where the banks will lend you 75% of the asset, you can't do that with shares and remember that debt goes down with high inflation in real terms. I also think the level 'c' for EPC's will have lower standards as the government can't afford to put half a million homes uninhabitable, there's not enough housing now. I feel rents will keep increasing the more that landlords get out the sector. I do find your videos very useful and well put together 👍

[@TheAnxiousInvestor]

Renting to organisations is a great point. It can mitigate some risk. We do it with our 10 flats. Do you think they work if you was to buy another one? I’m not disputing some existing ones work. But I’m referring more to spending 25% on a new BTL. (There’s always the odd exception) but are rents moving well enough to combat the interest rate rises & extra stresses on a LL? Just asking.

[@HarvysHotDeals]

what type of organisations do you rent to care to share ? Many thanks

[@rikardsaje]

@@TheAnxiousInvestor I don't mind you asking. I think you need to do your due diligence even more so. I recently looked at a 1 bed flat that could probably be made in to a 2 bed, the figures worked but someone wants it as a residential so I'm not competing with them and it was a cheeky offer I made...I'm kinda regretting that one. The rents probably aren't moving up enough atm but I feel that they will keep creeping up and I'm hoping mortgage rates will start coming down a bit. I'm thinking while people are being fearful then there can be opportunity as Warren Buffet points out, it doesn't feel long ago that you couldn't even view a property as the market was so hot. I'm all about the long term and leaving them to my kids so I know in 25 years every property in the land would've increased in value. It is interesting to get lots of different views though.

[@rikardsaje]

@@HarvysHotDeals some charities need housing and will just pay you even if they're empty, a domestic violence charity is one I've let to. Council refugee scheme can be good but not as high as private rents but will do the maintenance in some cases and no agent fees. Try businesses that need to house contractors. Hope this helps a bit.

[@TheAnxiousInvestor]

100% agree with opportunities being present. Remember this is only referring to standard BTLs how most the population know it. I’m not referring to adding value via extra bedrooms, refurbs, title splits etc etc.

[@stephengeorgexl]

You was right when you said the banks are coming last year

[@TheAnxiousInvestor]

Was inevitable. It’ll become a norm in 30 years time.

[@Kitty-lj7eg]

The EPC rating is killing all landlords. This government hasn't thought through and putting pressure on landlords and only benefits to rich corporate landlords. This is not on!! The government should have some scheme and guidelines to help landlords to reach EPC requirements. Really disgusting what the current government is doing.

[@TheAnxiousInvestor]

Agreed 👌🏽👌🏽

[@KingdomEvents1]

They've definitely thought it through. It's their way of pricing people out of BTL and stopping people making any money. "You'll own nothing and be happy" - Klaus Schwab of The WEF

[@Kitty-lj7eg]

@@KingdomEvents1 Agreed. They want to just make big corporation rich and eliminate all small businesses. Crazy.

[@johnmore4155]

When all this blows up - blame backstabbing Gove.

[@JT_2024-c8j]

They need to encourage more startups. High streets are a disaster, so few independents. They can’t compete. Not sure what the answer is. If the big corporations pay very little income tax it wouldn’t hurt to give the independents the same reliefs.

[@TheAnxiousInvestor]

Agree on both fronts as I don’t know what solutions would actually work or help change this

[@mrgolden2720]

The tenant not paying rent sign on the wall is genius pmsl

[@TheAnxiousInvestor]

lol i might need one of those myself!

[@aaronl9379]

Great video mate keep it up always love the content 👍 hope your keeping well mate !!

[@TheAnxiousInvestor]

Thanks brother 🙏🏽 just need to beat you boys then it’s a happy end to the season & week lol Hope you’re all good

[@aaronl9379]

@@TheAnxiousInvestor haha mate I am just glad city won the league, now just waiting for the season to end lol !! All good thank you mate :)

[@philipjones3599]

Crikey I ditched all mine invested half in TSLA and half in invidia Kuching and no tenants.

[@cobbler40]

The banks in the UK are investing in Build to Rent so they get the rent. In the US large corporations are paying cash to buy up properties to rent and I would think that will come to the UK

[@anp01]

BTL has always been a foundation element of my retirement plan and I was going to buy another property this year but haven’t been able to make the financials work. I’m struggling with viable alternatives that produce reliable income. Any advice would be greatly appreciated.

[@TheAnxiousInvestor]

It’s tough because the question itself and answers require more context around circumstances goals risk appetite & resources. I personally wouldn’t buy a BTL this year unless it’s genuinely below market value & you’re happy to accept the points made in the video knowing you’ve made “instant equity”. I am too exploring other options. Further investment into www.healthxcel.co.uk as we’ve boot strapped it. Or buying commercial buildings or business as I’m in the process of refinancing 2 properties we built with no debt. Im looking into gold and blue chip stocks too as they seem to be lower in price. I’ve got a lot of income stream / business type videos on this channel too that may help my friend Best of luck

[@Nobumblegumforyou]

It will get better late next year as prices come down to affordable levels. The only thing is the profit to justify it means prices need to come down 30%

[@TheAnxiousInvestor]

You reckon prices will come down by that much mate?

[@Louisthesaxman1]

I can't see them coming down much at all where I live in a London suburb. There's still high demand and that combined with wages going up and more borrowing power means a small decrease in prices will get people buying. Only time will tell though.

[@Nobumblegumforyou]

@@Louisthesaxman1 I did a comparethemarket on mortgage deals with 25% deposit. All mortgages were showing 6-7.8% rated fixed on 2 or 5 Yr deals! Checking what it would rent for I'd be break even! The market will have a reckoning and Don't trust the advertised price it isn't realistic. My family had a semi detached sell for 265 after having offers of 300k fall through from September last year.

[@jonsstuff760]

Rent and legal insurance can reduce much of the risk

[@TheAnxiousInvestor]

To some degree but it’ll obviously impact cashflow. But it’s one way to mitigate some of the risks absolutely.

[@lindenbutters9396]

😂I am lucky I think, but not complacent! In UK landlords are essential but rarely appreciated! We all need the shelter of a home, whether we own or rent. I was bought up to realise that in a depression people only need food and shelter. I am talking need not want. I do not make huge profits yet am expected to pay for all upgrades needed to comply with the new laws. It is tempting to sell up and buy a posh home for me and claim money from the state believe me greed is this motive! and frustration! We need some funding for the service we provide! Many are better off wielding a stick and catching bipolar! These people get a better income, no stress and do not need to pay tax, filling out that confusing form, fearful of doing it wrong! I cannot afford an accountant!

[@NS-pt9rr]

100% Right, BTL is just not worth it anymore, why be a Tax cash cow for Govt, you do All the work, Govt just takes !, taxes applicable all the way up from purchase to sale, the taxman get his cut full stop, not prepared to do it anymore !! I'm in my 50's and am selling up & out of the imaginary profit & so called capital appreciation. I don't trust pensions, only investing into S&S Isa's for as long as they last, at the mo 100% tax free, no hassle, no dodgy tenants or repairs !!

[@TheAnxiousInvestor]

Ahh you’ve seen it haha. Sorry replied to your other comment.

[@jpandyaraja]

its generally getting very very tough making money in anything right now ...i will come back when it gets easier

[@jaskarnsinghbal4142]

I entered the game at the worst time. I'll be leaving the market as my fixed term comes to an end in a few years I think

[@TheAnxiousInvestor]

Hopefully leave on a positive (£££) wise.

[@jaskarnsinghbal4142]

@The Anxious Investor that's the hope bro!

[@alexwalker8474]

I can give you 100 reasons why btl is the best time in 100 years to invest in. Why? Everyone is running to the hills, rents up, as long as the numbers add up, it’s good to go.

[@TheAnxiousInvestor]

But your final point is the kicker there. As long as…. And that’s rarely true now. Thousands of LLs are loss making.

[@harryturnbull1884]

Yes circumstances are key but you re missing the point about the current environment. The sector remains of interest to cash buyers because the alternatives are so volatile - what you gonna do with spare cash? The way things are its basically a gamble. Plus there are companies now that buy, refurbish, let and gaurantee rental payments for you.

[@harryturnbull1884]

@Bernard Fitzsimons Find UK Property. Got vids on here. Im just about to get started.

[@youtubeman5033]

If the house market drops then I will just be buying more buy to let’s ,, just check out the tenants well take a decent deposit, keep the property in good nick,it does help if your in the building trade but I will never sell my properties, all the setbacks are just occupational hazards, but property itself doubles in value every 12 years and that’s without the rent it’s a win win for me

[@Grithron2]

Random thought after walking past an "It's Let" sign (on a desirabe/conveniently located building) - why don't the agencies replace that sign with one that says the same thing in PIRATE SPEAK. Then they would be saying the same thing but speaking words of wisdom: "`Let', it be!"

[@GhanYt]

I am experiencing one of the most challenging phases of my life... Lost a fortune lnvesting in emerging companies... How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[@gandhi9936]

Better to get gold and sit on it for the next decade. After all gold has outperformed even London house prices between 1971 and today. Gold is up x107; London property up x93…

[@TheAnxiousInvestor]

Interesting stats there. Wasn’t aware of that cheers for sharing

[@julianmitchell5426]

An excellent, thorough review. It's novel to have somebody present their views so candidly. Thank you for your efforts Mr A. Investor!

[@TheAnxiousInvestor]

That’s very kind of you to say. Thank you for watching / commenting

[@HarvysHotDeals]

great info bro. cheers

[@TheAnxiousInvestor]

Thanks bro ❤️🙏🏽

[@matty1723]

Agree with your video. There are just better investments elsewhere with better returns at the minute

[@TheAnxiousInvestor]

Absolutely mate. Appreciate you watching thanks.

[@joebacchetti5890]

What about the business failure rate Versus house prices doubling in value every 10 to 15 year's? Or the lack of housing stock and yet huge increase in demand for accommodation? 2023 maybe not the best year BUT Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”

[@TheAnxiousInvestor]

Agree with Warren, but I’d double check the house price rises. I’ve done videos on this. They don’t increase or double everywhere. Some have yet to recover from 2008. Buying properties now for me is all about the ROI I want. Which I’ve increased for myself to continue. It’s just increasingly becoming more difficult due to costs & then the added constraints / changes to LLs.

[@TheAnxiousInvestor]

Business failures is a good point to raise but BTLs are businesses too. A bad property, run of events etc can be just as painful and likely cost you more than bootstrapping or starting a business. My current LL is selling, I’m trying to get rid of a tenant to sell, and there’s been more reports of LLs leaving again since this video. Of course that’s a small sample I’m using but I think the BTL dream that was once an incredible asset to be a part of, isn’t quite the same. The argument now is, is it still better than nothing or the banks? That’s a personal decision I suppose.

[@airportdocumentaries]

You will only make 2% profit every year on b2l

[@TheAnxiousInvestor]

If there’s no major maintenance & rent comes in haha. Standard 25% down BTLs just ain’t it right now

[@victorsizer8671]

Buy to let is by far the best property investment via a company for the next 25 years.

[@TheAnxiousInvestor]

Imo it was a great investment, especially 20 years ago. It’s not the best now.

[@KevinCambell-ig1ty]

Great. Buys to let's have devasted communities,. People come and go, some good and some bad. As a homeowner I despise this get rich quick scheme. In my avenue now there are several of these houses, all of which have not nice Tennant's. In my, and most people I know who own houses agree, we hate this. I'm not a vindictive person but when buy to let owners properties get trashed, we celebrate🎉. Buy to letters don't care about communities so why should we care. Stop this vile practice, put your money into gold or property renovation. People like you shouldn't be filling a market that council social housing should be addressing

[@ralph1969ify]

What would be a good replacement?

[@TheAnxiousInvestor]

Aside from property? Or your standard 25% down BTLs?

[@coolmonkey619]

Thanks finally I might get a good deal now

[@TheAnxiousInvestor]

Best of luck mate

[@zawarshah508]

The government could build 2 million homes in 5 years. If they wanted. Money for Ukraine was found from where ? ..really can't understand why they just don't build more homes. The good landlord's will do well and the bad ones will go under.

[@TheAnxiousInvestor]

Good landlords still getting shafted sadly because it takes a bad tenant to leave you 8 months in arrears with no real promise of getting money back. Powers have shifted so much. A LL messes up it’s fines, potential jail or repossession. A tenant does it, it’s “stay until you’re kicked out by bailiffs” Also banks are buying more property as we speak. So it’ll be interesting. As for the first part of your comment - don’t get me started mate 🤦🏽‍♂️

[@spacerider8487]

Dont need landlords with tens of homes.

[@eddy45686]

@@TheAnxiousInvestor just had the bad luck of a bad tenant . Nearly 12 months no rent coming and still renovating after mess. Really thinking of selling up after starting BTL in 2006.

[@TheAnxiousInvestor]

Sorry to hear this mate. It’s one of most stressful things that can happen. Did you get a CJJ or anything back?

[@johnsagar1152]

We do need some countryside and farmland left.

[@damme91]

Your better having your money in a stocks and shares isa account no tax on dividend

[@TheAnxiousInvestor]

Not a bad shout at all mate

[@crispyduck1706]

Why people don’t know about and invest in REITS is beyond me - why don’t people educated themselves You can get a great yield for no hassle

[@MrSebastianBlake]

I think your wrong it’s great time to buy 😊 but move it to service accommodation

[@TheAnxiousInvestor]

That’s not a BTL though is it? Completely different lol. This video is around BTL. You think a BTL is still worth it? Totally different to SA.

[@jonsstuff760]

I think serviced accommodation has troubled waters ahead due to glut of supply and new legislation. Plus, it’s no 'let and forget', more like running a hotel, a full-on business, and not for the faint hearted

[@joebacchetti5890]

@@TheAnxiousInvestor I have 2 BTL's and seriously considering converting both to SA's, the Government might change the rules again but if they do I can always convert them back to BTL's again. I totally agree that now is a difficult time and with little profit margin left after all the running costs. Fortune favours the brave who BTL in 2023?

[@richierich4810]

Now that was a good video. :)

[@TheAnxiousInvestor]

Appreciate that mate thank you 👊🏽

[@richierich4810]

@@TheAnxiousInvestor No thank you :)

[@salvatoredibenedetto34]

Thanks for the video! How can I get in touch with you?

[@TheAnxiousInvestor]

Best bet is Instagram buddy

[@xyzzyx101xyz9]

For every bad tenant, there are at least ten greedy rogue landlords.

[@TheAnxiousInvestor]

Great stat, how did you make this one up?

[@xyzzyx101xyz9]

@@TheAnxiousInvestor Maybe, start a register of landlords and get tenants to provide landlords with references, and you will see that the stat is not made up.

[@TheAnxiousInvestor]

Maybe get a register of landlords to provide the number of bad tenants they have and you’ll see you 100% made that stat up. To confirm you stat you now want to do an exercise to determine it? That’s now how you come up with stats it’s backwards.

[@CUNDUNDO]

When everybody is running away that`s when you should invest when everybody is investing that`s when you should run away !

[@DJTeji1]

Now is the best time to invest, prices are lower than they have been in the last couple of years. Interest rates will start to come down. If you’re in this for the long term property is still the best investment class. We do BRR and have bought a number of properties this year we will keep expanding and look at this as a long term investment. Rents will also keep going up year on year.

[@TheAnxiousInvestor]

Prices even if they was 10-15% lower wouldn’t compensate for the rise in interest rates though. It’s definitely not the “best” time to invest. Most investors are sitting on cash atm. However that’s not to say BRRR doesn’t work and if you do it right, get a high enough ROI it’s still good to invest. But I’d never say it was the best time, we’ve seen better times only a few years ago & no doubt when recessions fully kick in and we see the aftermath of QE etc we’ll see more opportunities. Glad it’s working well for you though and best of luck for all ventures.

[@fitnesscombat7533]

BTLS ARE FINISHED PAL

[@TheAnxiousInvestor]

Agreed

[@hopefulfather3469]

Buy Silver buddy.

[@TheAnxiousInvestor]

I saw Robert K talk about this. I need to reserach more

[@Witnessmoo]

BTL is dead

[@claireclaire238]

This is the crash to end all crashes....enter the CBDC.

[@TheAnxiousInvestor]

CBDC definitely incoming imo

[@claireclaire238]

@@TheAnxiousInvestor God help us , it will be the total enslavement of humanity. "You will own nothing and be happy"

[@jamesward5721]

Because the field is bent in favour of the huge Funds. If you aren't a huge fund, best beware.. There are a billion better investments for Joe/Josephine Soap than a "Buy To Let".

[@simoncook1325]

I sold my buy to let and put everything into stocks

[@TheAnxiousInvestor]

Hope it works well for you buddy

[@simoncook1325]

@@TheAnxiousInvestor thanks so much

[@claireclaire238]

​@@simoncook1325 Buy gold, silver and food, even better have your own land to grow your own food. What's coming has been planned for a long time.

[@damme91]

@@claireclaire238 if you have an isa share account your laughing. I've got a dividend income of 7 grand protected from tax

[@DJTeji1]

Good luck, I still think Property is the best especially if your refinancing every couple of years to pull out the equity.