How Average People Are Making Millions From Property

[@PropertyHubUK]

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[@manovmistry6217]

How many ants do you need to rent out an apartment? Ten ants

[@thegeoff9253]

I see, so the key is to time travel back to 2004. Gotcha.

[@joey-pn3xe]

Start from today and in 20 years you’ll also be there?

[@alexallen9172]

🤦🏽‍♂️

[@thegeoff9253]

Only if the next 20 years plays out like the last 20. That is seriously optimistic in my opinion.

[@joey-pn3xe]

@@thegeoff9253 the last 100 years has played out that way so it’s the best guess anyone can have unless you have a crystal ball? Is your suggestion to do nothing?

[@kaneallardyce4501]

@@thegeoff9253even if property just tracks average inflation the same is almost guaranteed to happen.

[@cookiejar01]

Okay, they have done well. But what if they had put the same money in the stock market? The S&P has gone up 6 times since 2004! It’s up 3 times only since 2015. So our couple 3x their money in 20 years, from 300k to £1m. And that’s with a lot of leverage. Debt is always risky. In the stock market with a simple index tracking ETF they would have earned more without any leverage. Plus they would have earned dividends. And without all the paperwork for buying properties, maintaining them, dealing with tenants, etc.

[@rvmajor]

Properties cost way more than £40,000 each... Your not factoring in middeman costs, stamp duty etc...

[@DownToSouthLondon]

Nope. Firstly you’d have to save a ridiculous amount from your net salary. Then you’re not factoring any repairs and maintenance. You also fail to mention the ridiculous tax changes from 2015 onwards - they wouldn’t have been investing in a limited company. Repairs, maintenance, letting fees, voids, repainting and so forth, cost of admin, you name it. 4% is pathetic, and wouldn’t even fly because of the rental coverage having to be 145% of the interest only mortgage payment. So in theory sounds great, helped by beautiful graphics, but in reality this is complete nonsense. I’ve only been in property for twenty years, maybe these average properties have amazing tenants that never break anything or something amazing that I’m missing.

[@bakehouseboxing4709]

a doctor is a average salary ?

[@tonykent6812]

I've been investing for over 20 years and I can tell you this video is inaccurate. These people are not 'millionaires' they simply own assets that total 7 figures, with a rent roll of around 6 figures-minus expenses, taxes, management costs, refurb costs, accountant costs. Take off the 75% they owe the bank and they are probably worth a few hundred grand net.

[@limpalace24]

the equity was valued at 800K? Can you share your reasons why this is not correct?

[@gaborkovacs2702]

Where are average people in this video??😂😂 Try to buy now every 3 years as an average...not a chance

[@XsweetstarliteX]

First have the money for a rental property…£85,000 is already above 95% of the population. e

[@hbmustangs]

didnt need 85k watch the video.

[@davidcalvert-smith4633]

What are you expecting? Become a millionaire on minimum wage and you don’t have to save a penny!?! The foundation of any investing strategy is to save money, then try to multiply it. If someone can’t save £20k in a year, they need to up skill and improve their income before even thinking about investing!!

[@AN-vt3kl]

average couple would earn probably 30-45 k a year not 85k a year let's be honest, don't forget kids etc.

[@alexallen9172]

The 85k was combined income. Average UK salary is around 35-37k, therefore around 70k total. You saying an average couple would earn 30-45k combined would mean individual incomes of 15-22k, which is well below average