Buy to let Basics! UK Property Investing for Beginners

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[@martha255]

This is the first video of yours that I've watched! You were so clear, you shared so much information that I already want to watch all the others.

[@JustinWilkins]

Thanks! really glad to hear it was useful!

[@adebayoolalekan4940]

@@JustinWilkins please can you make another video with full analysis before going for buy to let

[@ivyjay002]

This is very detailed. thank you so much. I will be watching more of your videos until I am fully ready.

[@JustinWilkins]

Glad to hear! Thanks for watching 🙌

[@JTMary]

Great video, thanks. The idea about interest only for buy to rent is something I did not think about.

[@JustinWilkins]

Great to hear and good luck 💪

[@rudrabarathan2737]

As a newby what are the things that should be in place! when do you start viewing? Like a Broker in place, and so on? It is the most Detailed video I ever watched. Many Thanks.

[@MrMrutube1987]

Hi, have you made a start yet? How's it going?

[@LiamR90]

I'm a Financial Adviser and can say a few of the additional benefits of owning a property through a limited company. - Section 24 as you mentioned. - The property being outside of your estate is great for IHT planning. You can simply change the director in the future. - Pension contributions. Rental income earned in your own name is not relevant UK earnings. So if it's your only source of income your annual allowance would be £2,880. Whereas through a limited company pension contributions are not capped on the salary or dividends you take, so your annual allowance would be £60,000. Plus the pension contributions are an allowance expense, so can be a great way to reduce corporation tax and extract money from the company without paying income tax or dividends. - You are also able to plan your income more effectively. You may choose to leave profits withheld in the company and only take up to your personal allowance or up to £50,270 for example.

[@LiamR90]

A lot of accountants shy away from recommending pensions as an allowable expense. Not because they're against pensions, they know they're great. They shy away because it's not an area they can advise on and can't recommend specific pension providers or portfolios.

[@JustinWilkins]

Thanks for these Liam - lots of useful points for other viewers! 💪

[@ankhmorpok1497]

@@LiamR90 do you provide Financial Advice for property investors? I'm about to buy my first property under a company name.

[@mrkevsmith]

Fantastic explanation. Quick question I have a property in my name, it have £100k equity in it can I remortgage and with the money I take out, can I lend it to my LTD company to buy property?

[@ithelpers4625]

Awesome! Have 2 mortgages with some equity on them. would love to put this in to practice. Cheers bro

[@FemaleLead1]

Thank you for the great video! My question is what systems do you use to verify that the quality of the property is decent? How do I know what to look for when viewing a house?

[@chrismakara-howe9792]

Just comes with experience every property is different.

[@propertyhero5895]

Basic but well explained and useful! 👏

[@JustinWilkins]

Exactly the goal, thanks

[@sunilhpatel]

Great video, scary taking the first step, incase the property is not rented out, or they stop paying rent

[@JustinWilkins]

Yes completely, I think a lot of people are worried by that. From what I’ve always found, if you buy in a decent investment area and provide a good house, renting it will not be difficult. Demand outstrips supply in most areas!

[@kavyajain559]

Do we need to own a house before buying a buy-to-let property? Also, what is your opinion on new build vs old builds please?

[@rvp589]

If you refurb yourself.. and self manage.... how do calculate the figure you should pay yourself for doing this.... EG if I have an isa...I invest but its virtually no management...I can still do my 50k a year job... So what would you pay yourself as a monthly income and how does this reflect in you ratios !

[@gacha_islife7111]

Thank you Justin for this its educating me, studying things hope I can do my first referbish to let with my partners next year.❤

[@JustinWilkins]

Pleasure! Glad it was useful and good luck with your future project!

[@kuspecialist1]

Hi Justin , What an amazing video and clarity in explanation! . Many thanks for sharing your views. Do you know anyone managed to get startup loans for Ltd property company aiming to create buy to let porfolio?

[@sushilhumane9307]

hi justin, i live in manchester and working full time job, honestly i dont like my job however i am doing it for the sake of money. I want to learn this method of earning money through positive cash flow. I started studying the tax and dept rules in uk. i just came across your video and i find it very helpful to me. can you advice me about buy to rent properties and how can i learn and do it

[@alimonfared]

Great video mate👍 I think every one should do a brr and not by a btl waist of money

[@JustinWilkins]

Thanks 🤝 I believe a time and a place for BTL for sure, but BRR will allow investors to take their capital further 🔥🔥

[@saif.shaikh]

What about buying a property outright with saved cash if you want to avoid a Mortgage, will that have better returns on the income and worthwhile? Is there any major cons to think about?

[@lewisbullock7526]

if you were to buy the house outright is it worth renting it out

[@tausifawan7831]

Great video, I've noticed however that I have to pay the additional stamp duty surcharge which ramps up my inital costs, do I avoid this buy purchasing as an LTD?

[@unomsyobi5369]

Great presentation. How easy can it be for foreigners to buy UK properties?

[@LifestyleWithSofiaB]

I’m ready 😊

[@JustinWilkins]

🙌🙌

[@flares]

Even though this video is called Buy To Let Basics it's still quite complicated. I think the best way is to just get involved and learn on the job rather than trying to understand EVERYTHING before you begin

[@JustinWilkins]

What parts were too complicated? Il happily make a new version to help. I believe a balance of taking action and learning before you start is important. Learning on the job can lead to mistakes if you don’t get a basic learning first.

[@chrismakara-howe9792]

In current climate you will find it hard to get an interest only mortgage on a property that requires refurbishment. Lenders are getting so fickle. Hence the scenario of buying refurbishing refinancing is becoming increasingly difficult. If you can get a interest only mortgage and put in 10k to refurbis then maybe maybe it will increase the value by 10k but your adding nothing in essence. As it will only be valued at £10k more than you paid and that's a maybe. Unless the property is in a rentable condition they simply won't lend

[@JustinWilkins]

Correct, that’s what bridging finance is for 👍

[@thomaslewis6107]

Hi great vid, as an newly qualified electrician im looking to start a property company i have around 20k saved up myself and have been scouting some potential btl properties to turn to hmo or 4 bed flats using the brr method, was wondering when the best time is to start the imited company and make the leap, id like to try do most the renovation myself on a weekend and nights as id be working full time aswell but my question to you is when did you go for it and how did you start? thank you :)

[@JustinWilkins]

Great to hear. Most investors will tell you the best time was yesterday, and the second best time is today … meaning get started asap! The market is constantly moving forward and capital growth is built through ownership and holding onto properties long term. In your position I would do what I can to level up my knowledge, speak to all professionals that I need to prior to get the best structure (accountant, finance broker, solicitor) and then go for it 💪

[@thomaslewis6107]

@@JustinWilkins thank you 😊

[@PropertyToolkit-Lottie]

Amazing video Justin. Buy to let is a great strategy for beginners, we are developing a software which compares every property on the open market to show you the properties which have the best rental yield instantly!!!

[@spencebespokedreams]

Can you please do a video on how to invest 100k correctly and how to find properties

[@JustinWilkins]

Will add to my list 🫡

[@AbdulRahim-cu7y]

Hey Justin! are you looking for a video editor? let me know, I can help.

[@JoseMaradona-f9o]

Amazing man! Are you based In london?

[@JustinWilkins]

Thanks. Based on the south coast 🤝

[@joline2730]

User: You were not listening . . . 🙄

[@JoseMaradona-f9o]

@@joline2730John 3:16

[@vinzers1311]

Can you please make a video on how to save up deposit as first time buyer for personal use ?

[@JustinWilkins]

Can do, but simple answer is make and save as much money as possible, review every single expense you have and cut back on as many as possible. The more you can out earn your expenses, the quicker you’ll save. Alternatively create a cashflow business 🤝

[@LiamR90]

The 1 million + isn't an accurate number. How much equity is actually in the portfolio?

[@JustinWilkins]

£1m is asset value. Equity is at around 40% of that

[@itechuknet]

Labour gov have killed BTL dream.. esp with CGT coming.. this will probably effect BRRR and Flips now..

[@JustinWilkins]

True, but with change comes opportunity

[@starlight-be8ti]

​@@JustinWilkins fair so what's the opportunity?

[@1ForTheShieldz]

Lol a million is nothing. How much debt do you hace on you million? 2? 😂 you do have some good comments though. Skipped over a lot of the costs that dont make things viable though.

[@JustinWilkins]

I share this in many of my videos. Normally in region of 60-70% LTV of debt. I don’t hide it! Hopefully you made note of the useful parts from the video

[@1ForTheShieldz]

@@JustinWilkins I did yes. I refurb places and rent them out. Buying a place than needs work is very costly. I have a full time job and fund my renovations with the money from that. The team I have are good but it all costs so so much. 200k will net 1k a month. Subtract any interest and you have to pay 15k for windows and a new boiler and you are 2 years into the refurbishment already before getting that money back minimum. I fund my properties entirely and don't gove the banks interest *(paid for outright). Wasting money giving it away.

[@1ForTheShieldz]

@@JustinWilkins also sorry my comment sounded rude, I didn't mean it to be offensive. 1m doesn't buy many good places nowadays that's what I was thinking about. Did you hear labour don't want you to be able to kick a Tennant out for unpaid rent? How long would you last without rental income to pay the mortgage?

[@realchiragjain]

Hey Mate, can we connect with you regarding video editing services. We have been providing video editing services for the last 6 years. Please let us know

[@JustinWilkins]

Sure please drop me a Dm on insta

[@大輔中田]

ピタットハウスに申込金を横領されて困ってます。

[@Julia-bj7bq]

To be a buy to let investor, you first of all need to have deposit in place, be able to pay mortgage if house or apartment have no tenant in, then you can buy a property at right location to get better rental income. Don’t take this video seriously, get legal and financial advice first otherwise you will find yourself in big money trouble.

[@JustinWilkins]

Correct. Those are some key elements to being a buy-to-let investor

[@chris1806]

Please elaborate on your strategy