Build A BTL Property Portfolio From 0 to 10 In 3 Years With £30k

[@StephenDuncombetv]

🏘 Property Accelerator Waitlist 🏘 👉 bit.ly/3fyyBpN Learn how to build a profitable property investment portfolio from scratch! Build a passive income, that has the potential to replace your earned salary, starting with £40,000. 👉 bit.ly/pawaitlist

[@georgeashton8578]

Great advise I started 10 years ago now have 16 properties and I find doing one as a time is helpful. You always got to have tradesmen reliable tradesmen and also a team of individuals who can do repairs in a short space of time you can run this with an iPad or laptop, and even even if you’re on holiday, spend an hour a day catching up on everything thank you very much for helpful hints and strategy

[@lukejennings4025]

The best thing about your channel is that your calm and not shouty, it’s refreshing. I watch everyone and you have all the info in a great delivery

[@StephenDuncombetv]

Thanks Luke, I’m pleased you like them.

[@rosst333]

I totally agree. You coke across as genuine and helpful. Thank you sir

[@heisenberg9739]

@@StephenDuncombetvtotally agree your so chilled

[@hugowells656]

I do like the video, but what no one makes clear to those who dont know is that when you refinance this lump some isnt free money it is another loan that you will need to stress test on top of the new mortgage you go for for your second property...

[@tomroberts3851]

Great video, thank you! The 'low interest rates' mention didn't age too well mind you 🤣🤣 awesome content though, thanks so much! Out of interest, has the rise in interest rates eroded all of your profit? BtL is v tough in the UK now with higher interest rates!

[@derekbaskerville5716]

Thank you for sharing, but In hindsight, the theory does work. But this is Britain. Most lenders would be 75% LTV. I do know some lenders out there would consider 80% with hefty fees and interest rates, which in turn kill the cash flow. The good old days of BTLs, I think, are dead.

[@adamrandles4055]

Yeah, this industry for the little guy is fully dead. If you’re just starting I’d be tempted to say don’t bother. If you’ve got tons of money lying around, you can still get involved.

[@gordonadam7051]

No nonsense or BS. I like him 👍

[@dlc2479]

Could you do an update please? Would like to know how you're navigating the high interest climate

[@mrbeanie5314]

Rent has also increased so it balances out.

[@dlc2479]

@@mrbeanie5314 rents haven't doubled

[@brandenrogers]

great video just subbed, just wondering how the heck do i find investors, just at networking events etc?

[@4773mark]

My observations following on from others is interest rates gone up you gotta have expertise across the whole process from sourcing to renovating to selling (cgt)if letting it’s gotta be managed 🤷‍♂️

[@UKMallukarol]

Love this video really good

[@mattwest4326]

Really interesting Video with some great insight into a Buy-Refurb-Refinance-Rent strategy. However, as an investor of 7 years who's done 5 refurbs and has a portfolio at £1600pm net. I have some points for people to consider - not necessarily criticisms but certainly, things people less experienced should consider, as this process is oversimplified to some degree: - Simple BTL can be done relatively easily remotely using a local agent however the same can't be said for renovations, you'd likely need to relocate to the selected area or renovate in your local area which may not have such favourable market dynamics - Can't get a mortgage on an auction property as it's unlikely to clear in the 30-day completion window; so would need bridging finance which is £££ (especially the case if buying through an LTD) - I'd say it's unlikely you'd get a joint venture partner agreed on the back of 1 renovation's worth of experience - Running 2 renovations alongside a full-time job is a crazy amount of work even for an experienced investor! - Exiting each JV deal with 50% of the profits is highly unlikely enough money to purchase a replacement property for your portfolio that cash flows - This video also assumes multiple refinances but that's not going to happen if using a fixed rate mortgage, so you'd need variable rates with no repayment charges or bridging. Bridging is expensive. Using mortgage (long-term) finance for these short-term projects is likely to get you blacklisted by lenders. - In the end, you point out you'd only likely own 5 or 6 of these properties (optimistic) but based on that they'd each need to yield £430 pm net to hit your goal of £2600 per month, or 67% higher than was demonstrated in the video, which isn't impossible but is certainly more of a challenge and requires a favourable market - Finally, this strategy is much harder to do in a strong market so it is quite dependent on external factors. Luckily the market is cooling off at the moment which makes this strategy more viable. Great content though keep up the work! :)

[@StephenDuncombetv]

Thanks for watching. No one said anything worth having was easy.

[@mattwest4326]

@@StephenDuncombetv Very valid point! Whatever approach someone takes to reach this level will need a whole load of work and commitment. Again great video and a good starting point for people looking to get into property

[@StephenDuncombetv]

Thanks Matt I appreciate the kind words.

[@sy247]

All very valid points, a useful video however.

[@TinyFord1]

Buying to let or to put renters in only makes sense in countries where the owners rights are protected more than the potential squatters. Make sure about your local legislation, in South Africa we have legislation called the Prevention of Illegal Evictions act, which can make a non paying “tenant” a 10 month problem in court at minimum

[@liam-n8098]

It’s part of business… when you have 10-20 properties on low leverage. 1-2 bad tenants doesn’t really mean anything

[@alexanderhearth8141]

This was very direct and insightful.

[@DryUrEyesMate]

If you buying a cheap rundown property surely it doesn’t matter where you buy the property as you will be buying it £50k below market value

[@Loopyloupy]

Thanks for the great video. What kind of mortgage do you personally refinance with? Interest only or repayment?

[@jeffocarroll7848]

But you need 10 properties of your own to replace the £2600 ave. salary. You only have 6. Good job anyway. I like the idea of a JV helping to give you cashflow as you get your own properties. Could be endless.

[@CTMMOYT]

Brilliant video, so much insight :)) can't wait to buy my first BTL

[@StephenDuncombetv]

Great to hear! I'm sure it won't be long until you do.

[@Supersonicboom7]

With interest rates being as awful as they are it seems cash flowing well may present a bit of challenge, though I'm just looking to build capital as there are better businesses for cash flowing.

[@swamibrahmavadin5234]

Thanks for uploading. Do you doing mentoring or coaching?

[@StephenDuncombetv]

It’s something I’m starting to think about. Send me a DM on insta or to my email address listed on my KZbin channel with what you need help on and we can see if I can help you.

[@swamibrahmavadin5234]

@@StephenDuncombetv ill do drop a dm soon thanks

[@aimeevices]

thanks for sharing!!!

[@MrGazburns]

Listening to the video and don’t get the “JV” idea, as your early repayment on your BTL mortgage would surely be quite big.

[@StephenDuncombetv]

You may need to watch it again 😀. If you get a variable rate there’s no early repayment charge.

[@MrGazburns]

@@StephenDuncombetv so are you saying a BTL lender will give you the funds for a property, don’t rent it out, just flip it?

[@StephenDuncombetv]

You can do either. Sometimes it makes sense to flip it when doing a JV as it’s an easy exit.

[@adambritain5774]

Interesting video. Would you like to JV!?! Haha.

[@StephenDuncombetv]

Sure bring me a deal and I’ll check it out. 😀

[@adambritain5774]

@@StephenDuncombetv Was sort of hoping you'd take the lead, lol. Well in all seriousness, I have started looking again since watching your content.. So thank you. Give it another 6 months or so for the recession to be further along and I may have to pull my finger out and make something of my life!

[@richardkeeling5821]

Am i correct in thinking that if you buy the property under a limited company, when you sell it you don't pay capital gains tax?

[@theosamazingadventures9756]

How is everyone doing a BRR when you have to have a fixed rate mortgage you cant just draw the money out straight away??

[@jeffocarroll7848]

You don't take out a fixed rate mortgage until you refinance later

[@mayankpatel4817]

Hi Stephen, just seen your video and keen to get started and evolve on my property journey.

[@StephenDuncombetv]

You can do it. 👍

[@eezy251able]

How would you invest 75K now into today's market if you were just starting out? Buy and flip? BTL mortgages don't seem appealing, although could be wrong?

[@TheBoyStory_0]

Love it! Would you do these 10 properties on your name or setup a company?

[@nathijomac]

Creating a Limited company will protect you from litigation if anything goes wrong. It's also more tax efficient as along as you aren't a higher rate tax payer (it's not nearly as tax efficient as it used to be though).

[@bc.training]

Am I missing something? Surely if properties 2,4,6,8 etc are done with someone else and sold - they aren't a part of the portfolio and wont add any MRR? Not sure if I have missed something on this

[@nishantth]

Is it not better to do in a ltd company so it saves capital gains ?

[@StephenDuncombetv]

You can do that and pay company tax on the profit.

[@Mr_Sh1tcoin]

Surely you're not paying capital gains on property through a company? When purchasing and selling these properties, rather corporation tax on profits remaining end of year.

[@StephenDuncombetv]

+Mr Sh1tCoin the point of selling is to maximise the available cash you have to go again, not necessarily as a tax efficient strategy. I point out how little the tax implication actually is in the video, so for me I would sell them, but we all have choices on what’s best for our financial goals. Thanks for watching and your comments as I do appreciate it.

[@SCHOLESESTATES]

Great vlog Steve. I'm a beginner hoping to start up very soon 🙏

[@StephenDuncombetv]

Thanks Steven. You can do it.

[@CTMMOYT]

Which microphone do you use? its perfect

[@StephenDuncombetv]

There's a couple one for outside and one inside. Links below. Comica Lav Mic Inside: amzn.to/3ymQ1eV Rode Shotgun Mic amzn.to/420dr79

[@CTMMOYT]

@@StephenDuncombetv Thank you so much for replying :))

[@CTMMOYT]

@@StephenDuncombetv You should do!! I'm all for affiliate marketing, supporting the creator and no extra cost to the buyer.

[@StephenDuncombetv]

Yes exactly.

[@ItsYashu]

I am confused as hell, can you help me please. I have personal mortgage £57,000 remaining 25 years remaining properties in my area north west is around 80 to 90K , what can I do to buy another house and start my portfolio , I need some initial advice. Thank you

[@naratipmath]

If they buy cash, it is okay. But BTL is the supreme blood sucker to renters. Just let the bank being the landlord instead of BTL. BTL loans the money from banks where banks make a profit out of it. And the BTL landlord needs to make their own profit from the tenants. From tenants point of view, I would just prefer big bank competing BTL to become the landlords, which will be more or less like getting rid of "middle man".

[@chris1806]

And?

[@RichieFranklin-yq8kk]

I appreciate your video very informative 🤝

[@TomRyanElliott]

Great video. Just a quick question, how did you find the first people to help you with repairs, etc. When buying a property that needed some work? I'm similar to you and not the best hands-on builder 😂. Do need to start practising over time. Any advice would be much appreciated as I've found a brilliant property in Crewe that needs some work. If you have any good suggestions, I'm tempted to move forward and purchase the property and start on the buy-to-let ladder

[@StephenDuncombetv]

The first time I did a refurb the contractor was already engaged doing the apartment block so I asked for a quote for mine. But ideally always get someone to recommend a builder/contractor to you. Either a neighbour, managing agent or via the planning portal of your neighbours properties to see who did work on the extensions/conversions.

[@TomRyanElliott]

@@StephenDuncombetv thank you so much for that information 👍

[@debbyshapiro2125]

do you offer sourcing Stephen? Need one property South greater london?

[@StephenDuncombetv]

I’ve started doing some commercial sourcing if that’s what you’re interested in. Send me an email.

[@3rdtonefromthesun]

I know every property is different but surely you need to budget 10-20k to refurb a property if contracting someone to do the work?

[@SiBa1985]

Love your videos Stephen! My plan is to watch them all❤ real estate is something that’s really interest’s me so much in UK, I’m looking to start my first BTL soon but I do need to buddy up with someone. Any suggestions where I can meet people with similar mindset?

[@StephenDuncombetv]

Thanks for the kind words. Best place is at property network meetings where you get to network and talk. Look at Meetup or on event bright to find one local to you.

[@ayres6727]

I am in UK. Let me know if you need help

[@onomeoweka3256]

Have you found one yet?

[@onomeoweka3256]

​@@ayres6727I need help.thanks

[@BVking509]

So many London and Southerners taking advantage of the Midlands and the North

[@StephenDuncombetv]

Thanks for watching

[@scottm6018]

Is this not a really bad time to do this now we've hit a recession?

[@StephenDuncombetv]

There’s always reasons to NOT do something. Being able to assess the actual risk and your own attitude to risk will determine what action you take.

[@asmith5149]

Yes its a dreadful tume to do this. You will lose money if you follow this strategy in the current market.

[@loluser41]

How do you get a second mortgage on property number 2 when you already have a mortgage on property number 1?

[@StephenDuncombetv]

You can get more than one btl mortgage. Each btl mortgage is based on the value of the asset being the property and rental income it produces.

[@mange2]

Im having trouble finding a BTL mortgage as I don't own a property already and my income is quite low.

[@StephenDuncombetv]

You can still qualify for a BTL mortgage without owning a property. Your income is normally not that important as long as the rental income stress test qualifies that lenders rules. Keep trying find a different broker if they say you cannot do it without owning your own home.

[@Markaura]

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[@ISOLATICN1]

get a job and save and hussle until you can afford it, dont take someone elses house away getting into debt because you cannot afford ya pleb

[@turboelephant6298]

This was good stuff, most of the people I see doing these sort of videos are complete bellends, but you explained that clearly and made good sense. 👍👍

[@keirdoubas]

Hi Stephen, have you done a video on your background, ie why you decided to sell your previous portfolio, where you moved overseas, how that went and why you've decided to come back to the UK and initially do commercial and now have decided on resi. All this information is important your subscribers to learn more about you.

[@StephenDuncombetv]

Hi Keir it sure is. I think between the videos the information is out there. You’ve kind of picked it up in what you’ve said here apart from the why I guess. It comes down to getting a better return and my belief in buying commercial property for cash flow. As to why I came back to the UK, there’s lots of reasons not all property related 😃. I’m sure I’ll share more as time progresses as I’m continually looking for good ideas for videos so this has given my something to think about so thanks for that and watching my channel.

[@mayankrungta2240]

Hey, can we connect one on one ?

[@StephenDuncombetv]

I do offer select mentoring. Send me an email.

[@DonDon-df5ie]

Is it worth to borrow the 30k from the bank to start with for a deposit.

[@Markaura]

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[@asmith5149]

No, absolutely not. That would create yet another monthly cost.

[@jeffocarroll7848]

Get yourself some credit cards where you don't pay interest for 23months

[@trackcapital]

Hi Stephen, thanks for including our research and link in the video, we hope it was useful! Great content 👌🏻

[@mintymintygogo]

Why but 10 properties instead of a bigger property like HMOs

[@jeraldcastelino7622]

Stephen how do I get in touch with you

[@StephenDuncombetv]

Hi Jerald, you kind of have! But, there's also an email on my youtube channel, if you look in the about section. I also link my insta on every video description.

[@Markaura]

*👆contact the name above on Instagram if you wanna earn up to $10k hourly, daily or weekly in Bitcoin mining and forex trading, recover all your lost funds in trade through her, I made $75k just in 2 weeks investing with her, make use of this great opportunity and grow your income especially if you are a beginner in trade*

[@stanleyfox4201]

I don't understand the 'refinance' bit

[@StephenDuncombetv]

It's a term used where you get a new mortgage to repay out your existing mortgage. The new one is higher than the current one based on the new higher value.

[@stanleyfox4201]

@StephenDuncombetv thank you

[@Ellis01234567890]

Where are you finding 80% LTV BTL mortgages?

[@StephenDuncombetv]

I’m assuming you cannot get one. A lot depends on your personal situation. If it’s your first, it may be difficult at a good rate so you’ll need 25% deposit. Either way the important thing is to know your numbers and will the property cash flow. This is the point of the video not to help you get a btl mortgage. You use a broker to do that for you who has access to the whole of the market and can get access to specialist lenders if needed based on your circumstances. Knowing your numbers will dictate what you then can do. Lots of people buy on a bridge and then refinance at a low LTV after refurb. The strategy is up to you. But if you want to find reasons to not do something you’ll find them and justify that it doesn’t work.

[@Ellis01234567890]

@@StephenDuncombetv I've just finished remortgaging my first project. I bought this house to live in and the intention was to sell it after living in it for 2 years. But I decided I'm better off remortgaging than selling. This way I get to take the equity out but don't have to go through the pain of moving house again. I had £44,500. But due to my misspent early 20's I had to use debt consolidation as the purpose for borrowing extra. That debt has now been paid off and I'm left with £33,000. I intend to buy unmortgageable properties with bridging loans then refinance them with a BTL interest only mortgage. As I'm starting out with limited cash, taking as much cash as possible back out of the deal I think is more important than maximising monthly income while I'm trying to grow rapidly. The difference between taking £30k out instead of £25k is huge, so an 80% LTV would be amazing. I have found a specific SPV Ltd mortgage broker online, would you think it's possible this broker is likely to find an 80% BTL mortgage? It's hard to know how much access any broker has.

[@rajmalhotra420]

Hi Stephen, I do like your KZbin video and very insightful Question? I"s it still worth applying for a BTL mortgage with the current increase in interest rates and decrease of BTL mortgages from the banks and lenders?"

[@StephenDuncombetv]

Hi Rajesh. Depends on many things. Each deal is individual so I’m not going to tell you it cannot be done or it can. All I know is if the deal makes sense and you can leverage, do it!

[@filipalonzo]

Great video, very motivational and clear. Thank you for the help. I’m 20 years old right now and I’m planning on buying my first property within the next year and will be using your videos as a way to stay focused, I hope I get to work with you someday.

[@StephenDuncombetv]

Thanks Filip for the great feedback. I love hearing that type of thing. The fact you’re 20 looking at this stuff shows me you will do well.

[@realistj6877]

Hey Filip, I’m also in the same boat. Let’s network

[@TobyGilbody]

Hello mate, realistically how much would you need to start your first BTL property being on the safe side

[@ParaxonTV]

i mean to be safe i'd say from 50k to 100k but you can easily do it for less as he mentioned

[@DreyWellburn]

Wouldn’t it be better if you were the buddy at the start to learn new skills off experienced

[@StephenDuncombetv]

Yes but who wants to buddy up with a noob and take on all the risk and finance. Put yourself in other people’s shoes to see if you would then do that.

[@healthiswealth7899]

wouldn't you look at 3 HMO's to achieve this sooner?

[@StephenDuncombetv]

There are lots of options to achieve the same outcome. It's all down to your appetite for risk, and your strategy. This video is about building a 10 property portfolio in 36 months starting with £30k. They could easily be 10 HMO's but then you need to put in place licences, meet fire safety standards and buy in specific areas along with the refurb so more expense and time. So this is amied at those who can get started without worrying about that type of stuff. Thanks for watching and it's a great conversation starter.

[@matthewclarkproperty5936]

Great video

[@StephenDuncombetv]

Thanks Matthew for that. Really appreciate it.

[@MrWilltinkler]

How would you plan for the EPC changes being planned for rented properties in the UK?

[@StephenDuncombetv]

Hi Will. You’ll need to make sure their compliant or reduce your offer price on ones that won’t meet code in the future to balance the cost.

[@mikemike5973]

@@StephenDuncombetv wont he able to sell unless changes are already in place!

[@StephenDuncombetv]

@mike mike they don’t come in until 31 December 2025. But you can still sell property with any epc rating. Just not rent it out as a buy to let without meeting the epc standards at the time of renting.

[@mikemike5973]

@@StephenDuncombetv apologies your quite right however I believe in the not to distant future it will be the case and mortgage lenders will penalise those who don't meet the EPC rating that has already been talked about

[@nabazhamad5988]

Well done bro

[@nb9797]

Great insight. Inspirational

[@StephenDuncombetv]

Thanks for watching

[@stuart_edward]

Great video. I'm looking into getting into property, and this has helped a good bit. One thing, is there any chance you could do a video on the start up costs of all of this? Say I'm on a wage of £40k. How much would you roughly estimate would be needed to get that first one and get it up to standard? Would you use savings, or just start with zero and use loans? Basically my question is, before venturing into property, how much would you say is a safe amount to have saved? For example, you buy your first property at £120k, sell for £160k. How much did all the contractor works cost and did you pay for them out your pocket, or loans? In short, if you were on £40k a year, and had minimal savings, how would you go about starting?

[@abgrouponlinelimited5646]

Nice video! Is it possible to have the deal analysis you are using for commercial conversion and your property deals? Are the property in the video all freehold or leasehold?

[@elviskwameappiah3843]

Hi Steph. I'm new to property. And I'd like to know, which one from your experience is better: starting a property investment journey as a Sole Proprietor OR by setting up a Limited Liability Company.

[@StephenDuncombetv]

Hi Elvis. I’ve only bought investment property in a company name.

[@elviskwameappiah3843]

Brilliant. Thanks Steph

[@StephenDuncombetv]

No problem Enid.

[@SaLi-dh3vm]

Nice Video, one question, do you pay an exit fee when you remortgage?

[@StephenDuncombetv]

Good question Sa Li. If the plan is as per the video then do not get a fixed rate mortgage while you do the refurb as you intend to refinance in 6 months. So then you don’t pay an exit fee as it’s a variable mortgage.

[@SaLi-dh3vm]

@@StephenDuncombetv Thank you so much, that's something new for me to learn, my wife, unfortunately, needs to pay an early repayment charge even though she is on a tracker rate, but her circumstance was more complicated when she bought the buy-to-let in London.

[@SaLi-dh3vm]

@@StephenDuncombetv Hi Stephen, I have another question, when you remortgate your first property to take the money out after renovating it , do you need to have a tenant in place while doing it ? Thanks .

[@StephenDuncombetv]

The simple answer is No.

[@aries2216]

Thank you so much for this Stephen. This was very informative & authentic. You have gained a subscriber

[@StephenDuncombetv]

Thanks @aries2216 for the kind words and for subscribing.

[@FortuneFocus01]

Obviously, you must have other sources of income to sustain your living expenses while you reinvest your profit.. otherwise, you will dip into your investment funds.. 😊

[@CarolMartinez-y9k]

Thurman Street

[@Joeldsnm]

Hi Stephen - nice video. Any postcodes you personally recommend that you have bought in?

[@StephenDuncombetv]

Hi Joel, check this video out for postcodes that I wouldn’t look at right now if you’re on a budget. The Best 5 BTL Postcodes for PROPERTY INVESTMENT - UNDER £150K kzbin.info/www/bejne/r37cqIpqpNKnZ7s

[@smc7960]

Hi ,great information in this video ...I'm in the process of finishing my first property development and will be in a position to invest in more property... would buying several buy to let properties at once be better than putting most of the profit from first buy into the second? My first property profit would cover deposits for 5 or 6 buy to lets ...

[@StephenDuncombetv]

It depends if you like aggravation. The more properties you own the more agro you will have. If the returns are better by simply putting so the profit into the next one with less risk and aggravation I would do that. My objective as a property investor is to make the most money in the least time with least risk and aggravation.

[@smc7960]

That makes total sense ,thank you

[@adriandillon7730]

If you are looking to have a property portfolio and you can buy 6 at once .. do it. You do not pay stamp duty (in Scotland at least) when you are buying 6 properties in the one transaction - ie buying a portfolio. In Scotland we pay 4% LTBB ( stamp duty) so buying a portfolio of 6 properties for £500k in one go would save £20,000 tax!!

[@DrIpelengObGyn]

@@adriandillon7730 I’d love to do this ! Moving to Scotland next month and looking forward to investing in property there!

[@adriandillon7730]

@@DrIpelengObGyn ahh.. it’s now 6% land and building transaction tax (LBTT) so it make it even more worthwhile to buy portfolios if you can.. good luck I hope you enjoy living here.

[@dan19752008]

Mortgage paid off last year, I'm 47 now so big percentage of wages now going into a deposit to start flipping cheap property here in Blackpool next year.

[@StephenDuncombetv]

Nice. Make sure you do your due diligence on the Blackpool market before you buy.

[@chris1806]

Please elaborate on your strategy

[@salvadoreslava2009]

how do your refinance after the renovation if most buy-to-let mortgages are 2 or 5 year fixed term? Don't you have to wait for the 2 or 4 years to end ?

[@StephenDuncombetv]

You can buy with a bridging loan and then refinance into a fixed rate buy to let you want to fix the rates or if the property can be bought with a btl mortgage get a variable rate as it will be cheaper than a bridge. After 6 months you can refinance with most lenders as long as you’ve shown you’ve added value to it.

[@DanielAlmeida-gj9nh]

Hi Stephen, great video! Quick query though… my understanding was that capital gains tax is only due if you sell a Buy-To-Let property. If you sell following a refurbishment / flip then you pay income tax. I’ve heard and read differently in so many places though… could you clarify if you know? Thanks

[@DanielAlmeida-gj9nh]

Ignore that Stephen, just read the comments and it seems this has been answered! Cheers

[@StephenDuncombetv]

Hi Daniel. It depends… is the answer, best to seek professional advice on it as it’s to do with your intent and if you own the property in a company or not.

[@masumipianowork]

Hi, how much money is expected on avg for deposit stamp, legals fees? I.e. what's the startup fee

[@ameenr9129]

Really valuable, thank you

[@StephenDuncombetv]

Thanks for watching Ameen 👍

[@sahab999]

And for the property you added a story, how did you pay back the bank loan did you rent out the property?

[@bdcalling1391]

Did you buy them through a spv Ltd company ?

[@lifeoflee14]

Just brought my first buy to let, thanks for tips and advice. Also making a series on my channel about the journey.

[@StephenDuncombetv]

Good luck with it Lee and your channel.

[@flexaeterna]

You need at least $120k Dep in Aus

[@ryanbell4952]

As some one from from Middlesbrough looking at getting into BTL’s im pleased to see the town on that list

[@Markaura]

*👆contact the name above on Instagram if you wanna earn up to $10k hourly, daily or weekly in Bitcoin mining and forex trading, recover all your lost funds in trade through her, I made $75k just in 2 weeks investing with her, make use of this great opportunity and grow your income especially if you are a beginner in trade*

[@harper07harper]

What do these 10 properties net you monthly?

[@yinkajpsp]

great great video

[@StephenDuncombetv]

Thanks for watching and the kind feedback.

[@tradingwizard8057]

that was an amazing video. i just have one question as i am working to start doing this. how do i find a trustworthy partner. i can do most things in a property other than electric and gas. many thanks for any info.

[@StephenDuncombetv]

Thanks for the feedback. Local Meetup groups would be a starter. Look on Meetup.com for them. Find ones that want to discuss property investing and networking. Introduce yourself and what you can offer someone. So you due diligence on others though and get anything written up formally as a joint venture agreement with clear roles and responsibilities. This is in the video. You may need to watch it a few times to take it all in 😀

[@Dominicwylai]

Watching this in mid 2022 "low interest rates" 😭😭😭

[@StephenDuncombetv]

+Dom still historically low, but I do say they are on the increase. Thanks for watching.

[@lilianek6]

Hi, thanks very interesting video. I thought having a portfolio meant you had the houses, that it did not count the ones sold. At the start of the video you are explaining that we need 10 houses to be financially free and get £260 each month out of each. But at the end buy selling some we do get some profit but only hold 6 houses and not 10 Buy to Let.

[@StephenDuncombetv]

+Liliane K hi thanks for watching. The main point is to show you how to buy 10 properties. What you do with them is up to you, but to open your mind to selling properties to leverage more money from them to do it faster.

[@natashagrays7826]

Hi Stephen, thanks for the great concept and video! Can I ask what lender/ broker you use to get the Refurbishment Buy to Let Mortgage? Also, did you do this strategy yourself and if so, what did you find your biggest challenges? Thanks, Natasha

[@StephenDuncombetv]

Hi Natasha, I've not obtained a refurbuishment BTL mortgage I just explain they are an option instead of a bridging loan. But they do exist and are readliy available on the market. A simple google will reveal who offers them. This strategy is one I have used in the past and one I am about to do again. The biggest issue is finding reliable builders. Thanks for watching.

[@philwort4612]

Precise Mortgages

[@joncrocker5955]

Hi. Been renting 25 years. This is terrible advice. My mate tried it on me. Angel investment. Not a chance this will work. House price will drop by half. Massive energy bills, high levels of debt. House price 8 time salaries. Should be 3/4 times. I could go on.

[@StephenDuncombetv]

Thanks for watching.

[@SushiGoLarge]

Jon just trolling, knows nothing

[@deadlydizzle3942]

In the 25 years you've been renting, calculate the total you've paid in rent vs the total you could've made in appreciation on an equivalent property where you live. Do you feel silly?

[@Diplomataizi]

Troll account

[@MadAtGenocideApologistsMAGA]

If you’ve rented for 25 years you are clearly blue collar and definitely had poor credit or nobody rents in the uk for 25 years unless they have shoddy credit and couldn’t save a deposit linked with a dead end job

[@sahab999]

Did you buy the properties in the US via a company?

[@mah203]

Hi can I get blueprint please? have done a like, many thanks

[@dazzyboy1000]

Hi Stephen. I'm just starting my BTL property journey. Once you complete property no.1 and you re-finance it, I understand you use the money as a down payment for property no.2. Do you then get another mortgage from the bank for property no.2? If so, what does the bank base the mortgage on? Is it your salary or income from property no.1? I'm a little confused as to how people get finance from the banks for several properties if they are renting them all out?

[@StephenDuncombetv]

Hi Daz, good questiion. So you've got the deposit for property 2 from property 1. You then buy property 2 with a new buy to let mortgage just like you did property 1, and the amount you can borrow will be based on the rental income that property 2 can generate. Check with a broker on how different lenders may calculate that rental income as they use different calculations. With buy to let properties your income is not that important as long as you do have one. Typically about £21k per year and it's more about what rental income it the property can generate. So you need to get together deposits (20% to 25% + stamp & legal) and get buy to let mortgages to build a btl portfolio.

[@scottstewart6196]

Daz reach out to me happy to have a chat and explain

[@dansoulaay5194]

Hi Stephen, thank you for this video as it really has opened my mind! What I would like to know is what would be a good starting amount to purchase property 1 and if it is a loan from someone to get started, how should I pitch the timeframe and percent to pay them back! Thank you!

[@StephenDuncombetv]

Hi Dansoul, a good starting point is to focus on a property that you can add the most money to. Typically these are houses and would be 2 or 3 beds so you can add an extra bed and improve kitchen, bathrooms etc. If you're loaning money from someone you do not know it will be hard if this is your first go. Best to use a family member or close friend and JV with them and share any profit you make which can then be rolled into the next one. Then you can pitch on your next deal you have experience and show them what you did, the time it took and how much you made. If it was a good deal you will have lots of people wanting to JV with you going forward.

[@domindame2165]

You do under company or personal name? Thank you

[@jamesdoherty2329]

The only thing that puts me off is when it comes to refurbishment. There's too many rubbish tradesmen around.

[@deanskidmore261]

You could do this with 3 HMO’s and rent them to a housing association or charity for a completely hands free investment

[@BrianHall-r9v]

Brekke Station

[@lewis93156]

Dont you have to be 55 years old to release equity?

[@StephenDuncombetv]

I am not refering to equity release mortgages! To access the equity you can re-mortgage from one lender to another and any positive uplift on the loan to value gets paid into your bank account.

[@carlyndolphin]

Good video but my only reservation is that if the house market were to drop 20% (which could happen), you might struggle remortgaging. I own a number of residential and commercial properties.

[@StephenDuncombetv]

+Philip C pleased you liked it. Thanks for watching. It could drop 20%, but in the 6 months you’ve bought it and then added value, the market does not move that quickly. But with a war in Europe right now who knows….

[@yvonfem]

You dont own them the bank does

[@chriskiddey8532]

There dosen't seem like there is a lot of money in it

[@StephenDuncombetv]

It depends on the property you buy, the area you buy in and the work you do. But interesting to have read your perspective on it.

[@asmith5149]

Unfortunately this strategy simply won't work now. The figures simply don't stack up anymore. Anyone considering this, please think carefully before buying.

[@StephenDuncombetv]

Hmm look out for an update to this video to show you how it works in any market. Please don’t only buy property when the market goes up. The skill of a property investor is to make money in any market.

[@coolmonkey619]

Why not