Can You Really Quit Your Job & Retire on Rental income?

[@daveturner343]

What would you be left with after tax if you bought through a limited company vs as a private landlord already on the 40% tax bracket? That could make a decent vidio

[@StephenDuncombetv]

Yes I probably need to do more around the numbers. I try and avoid tax as it can change quickly with new legislation and it’s quite specific to each persons situation.

[@jameschater666]

1400 rental income you also need to take away 19% tax if in limit company. So doesn’t leave to much. Almost negative yield

[@tf2368]

Hard pressed to find a property worth 300k with a 2k rental, at least in london. Those are like gold dust.

[@StephenDuncombetv]

Use Property Data to help you. Link in description. I just did a quick lookup on 2 bed properties in London under £300k. There’s 666 results. Some of them you can get £2k / month. Look at properties asking £350k make offers . It takes work but you can find them. Look outside London even but close by to transport.

[@wat8671]

Love your content! Is this model still working in 2023? What areas would you recommend?

[@StephenDuncombetv]

It works in any year if you follow a formula. I don’t look at the areas I look at the numbers.

[@Sqwotz]

When you say creative strategies - I’d love to see a video on this in depth!? 👍

[@StephenDuncombetv]

I’ll see what I can do.

[@BeatBoySupreme]

Hi Stephen. 1 I do not invest in property personally but I am seriously thinking about partnering with friends who have been successful at it. I know from observing them and others over the years that what you are teaching in your videos is true and extremely helpful. However I have major concerns about the predicted property crash coming in 2026. What strategies would you advise new investors to employ to make profits through 2026 and beyond.

[@royile]

Top guy, thanks for the great content

[@koosh897]

Great video. What about the tax element from the rental income? And the early repayment cost of the remortgage?

[@StephenDuncombetv]

Should be no early repayment as you know you want to exit so why would you get one with one as a condition? Taxes are tricky as everyone pays different amounts or buy in different structures. But I think we all know we have to pay taxes on income.

[@ManiSingh-hn7ff]

Hi Stephen. Thank you for such valuable content. Recently came across your channel, real gems in here. Question if I may. You mentioned purchasing a property on a variable BTL mortgage product, renovate it and then switch to another BTL product. Is this something that you can actually do pretty much when you're done refurbing or is there a minimum time period? I didnt even know this was a thing as we are usually guided towards bridging for the shorter period loans? Thank you in advance 🙏🏼

[@StephenDuncombetv]

Yeah it can be done. Most lenders want a minimum of 6 months between them.

[@ManiSingh-hn7ff]

Thanks for the quick response. That's a game changer, its a no brainer to take that approach, obviously the property will need to be mortgageable in the first instance, is it enough to change bathroom, kitchen and fresh decor or is there a few more pointers to ensure the value is pushed as much as can on such light refurbs?

[@StephenDuncombetv]

@ManiSingh-hn7ff yeah there’s some things you need to know to get it right

[@ManiSingh-hn7ff]

@@StephenDuncombetv how can I get more info on getting this executed correctly please?

[@ChrisHarper-d7o]

Hi Stephen, How long would it take to be free from finances with 150k deposit? First time investor.. Looking to get to around the £10,000/ month mark.. Would love to have a mix or comm and resi , mainly comm though..

[@EkShaman]

Great video, thank you, do you do any mentoring?

[@StephenDuncombetv]

I do for those who ask. Send me an email.