How Much Money Do You Need To Invest In Property?

How much money do you need to invest in property?
...and perhaps more importantly, what is the best property investment strategy for you - depending on how much money you have to invest?
This video is part of my property investment for beginners series, which is coming soon and to save wasting your time you are welcome to jump to the section that's right for you, depending on how much money you have to invest in property...
0:00 - Intro
0:46 - £5k to £20k Investment
2:03 - £20k to £50k Investment
4:01 - £50k to £100k Investment
6:29 - £100k to £300k Investment
7:44 - Options
8:11 - Your First Property
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Here's to your success... Tony Law | Your First Four Houses

[@EarlAndGrey]

Hello Tony, loving your videos here. I would love it if you did a more in-depth video on deal sourcing and packaging. I think it would be something interesting to get involved in, and I think your experience and knowledge would be valuable.

[@YourFirstFourHouses]

Thanks so much for your kind words and suggestion… I’ll certainly give it some thought 😊 Have a good weekend 😊

[@paulh2184]

Nice to see you back Tony your old videos helped me educate myself on property investment and fill my days during lockdown. Having difficulties with a tenant who has stopped paying rent he has decided to ignore the section 8 notice and live there for free until the court evicts him which could take 2 - 3 months have you had any experience of this? Thanks Tony

[@YourFirstFourHouses]

Thanks for your kind words Paul. Unfortunately I have one of these going through now myself. They’re never any fun and frustratingly the courts are slooooooow at the moment 😕 I hope yours goes through ok. 🤞

[@gavingoodwin-td5ze]

Hi Tony great video as always. With regards to flips. Have you found any issues with the 6mths period from purchase to sell?

[@YourFirstFourHouses]

That’s a great question Gavin. There can indeed be an issue if wishing to sell (flip) within 6 months of your purchase… but if I’m being really honest with you… I’ve personally never been able to turn a property around that quickly so it’s never been an issue for me 😊 … this is usually because I tend to buy places that need a lot of work… plus by the time you get to the date of exchange it’s usually beyond 6 months, but then maybe I’m getting slow in my old age 😃

[@Chris-sx4qw]

Amazing vid 👏👏👏

[@YourFirstFourHouses]

Thanks Chris 😊

[@tomhoghton5004]

great vid, do you use your property income to get mortgages on your new property investments? as I don’t have that i would need to use my salary? otherwise would be stuck as cash buyer?

[@YourFirstFourHouses]

Hi Tom, thanks for the question. Unfortunately the only two types of question I’m not allowed to answer is anything to do with mortgage or tax, because I’m not FCA approved. I really am sorry. Can I suggest you speak to an independent mortgage broker because they would be able to advise you.

[@georgeholmes6099]

Hi Tony, nice video! Didn’t think Bristol holiday lets were a thing. With the vanilla b2L single let, are you alluding to getting a variable rate mortgage for 6-9 months then pulling your money out and re mortgaging? Rather than ending say a 2 year mortgage early to do it Thank you

[@YourFirstFourHouses]

Hi George and thank you 😊 To be really honest, I’m not allowed to give financial advice as I’m not FCA approved and so if this strategy is for you I’d suggest having a chat with a mortgage broker. With that said, when i used to do this i would always obtain a mortgage WITHOUT a “redemption penalty” - meaning i could leave the mortgage i used to initially buy the property WITHOUT being penalised. And this was always on a variable rate. This was just what i did though and not financial advice 😊 I wish you every success moving forwards 😊

[@georgeholmes6099]

Thanks Tony appreciate your reply as ever! Will book a call to catch up soon Kind regards George

[@YourFirstFourHouses]

Always happy to help George and I hope you are well 😊