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.
@JustinWilkins3 ай бұрын
Thanks! really glad to hear it was useful!
@adebayoolalekan4940Ай бұрын
@@JustinWilkins please can you make another video with full analysis before going for buy to let
@FemaleLead1Ай бұрын
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?
@rudrabarathan27373 ай бұрын
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.
@LiamR902 ай бұрын
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.
@LiamR902 ай бұрын
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.
@JustinWilkins2 ай бұрын
Thanks for these Liam - lots of useful points for other viewers! 💪
@ankhmorpok1497Ай бұрын
@@LiamR90 do you provide Financial Advice for property investors? I'm about to buy my first property under a company name.
@rvp5892 ай бұрын
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 !
@kavyajain559Ай бұрын
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?
@sushilhumane930718 күн бұрын
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
@JTMary3 ай бұрын
Great video, thanks. The idea about interest only for buy to rent is something I did not think about.
@JustinWilkins3 ай бұрын
Great to hear and good luck 💪
@tausifawan7831Ай бұрын
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?
@unomsyobi53692 ай бұрын
Great presentation. How easy can it be for foreigners to buy UK properties?
@sunilhpatel3 ай бұрын
Great video, scary taking the first step, incase the property is not rented out, or they stop paying rent
@JustinWilkins3 ай бұрын
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!
@propertyhero58953 ай бұрын
Basic but well explained and useful! 👏
@JustinWilkins3 ай бұрын
Exactly the goal, thanks
@thomaslewis61073 ай бұрын
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 :)
@JustinWilkins3 ай бұрын
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 💪
@thomaslewis61073 ай бұрын
@@JustinWilkins thank you 😊
@alimonfared3 ай бұрын
Great video mate👍 I think every one should do a brr and not by a btl waist of money
@JustinWilkins3 ай бұрын
Thanks 🤝 I believe a time and a place for BTL for sure, but BRR will allow investors to take their capital further 🔥🔥
@LifestyleWithSofiaBАй бұрын
I’m ready 😊
@JustinWilkinsАй бұрын
🙌🙌
@JoseMaradona-f9o3 ай бұрын
Amazing man! Are you based In london?
@JustinWilkins3 ай бұрын
Thanks. Based on the south coast 🤝
@joline27303 ай бұрын
User: You were not listening . . . 🙄
@JoseMaradona-f9o3 ай бұрын
@@joline2730John 3:16
@gacha_islife71112 ай бұрын
Thank you Justin for this its educating me, studying things hope I can do my first referbish to let with my partners next year.❤
@JustinWilkinsАй бұрын
Pleasure! Glad it was useful and good luck with your future project!
@AbdulRahim-cu7y3 ай бұрын
Hey Justin! are you looking for a video editor? let me know, I can help.
@PropertyToolkit-Lottie2 ай бұрын
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!!!
@spencebespokedreams3 ай бұрын
Can you please do a video on how to invest 100k correctly and how to find properties
@JustinWilkins3 ай бұрын
Will add to my list 🫡
@LiamR902 ай бұрын
The 1 million + isn't an accurate number. How much equity is actually in the portfolio?
@JustinWilkins2 ай бұрын
£1m is asset value. Equity is at around 40% of that
@vinzers1311Ай бұрын
Can you please make a video on how to save up deposit as first time buyer for personal use ?
@JustinWilkinsАй бұрын
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 🤝
@itechuknetАй бұрын
Labour gov have killed BTL dream.. esp with CGT coming.. this will probably effect BRRR and Flips now..
@JustinWilkinsАй бұрын
True, but with change comes opportunity
@realchiragjainАй бұрын
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
@JustinWilkins26 күн бұрын
Sure please drop me a Dm on insta
@Julia-bj7bqАй бұрын
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.
@JustinWilkinsАй бұрын
Correct. Those are some key elements to being a buy-to-let investor
@chris1806Ай бұрын
Please elaborate on your strategy
@大輔中田18 күн бұрын
ピタットハウスに申込金を横領されて困ってます。
@1ForTheShieldzАй бұрын
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.
@JustinWilkinsАй бұрын
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
@1ForTheShieldzАй бұрын
@@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.
@1ForTheShieldzАй бұрын
@@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?