Mistakes that STOP new investors succeeding

We all make mistakes - but these 3 mistakes could cost you dearly in your property investment journey.
Watch this video to find out exactly what these mistakes are and how you can avoid them!
Links mentioned:
• Never overpay for a pr...
Buying off-plan: • Should you buy propert...
📩 Keep up with the latest market developments with our weekly newsletter that 70,000 investors receive: propertyhub.net/pulse
And if you missed our video on the BIG changes that might be coming your way as a landlord, go watch this now: • Is this the biggest sh...
#propertymistakes #propertyinvestment #beginners
--------------
We’d love to hear what you think in the comments below. You might even have a topic you’d like us to cover in the future - if so, comment it below.
🔔Subscribe for more FREE property education: / propertyhubuk
🖥 Check out our WEBSITE for FREE property education: propertyhub.net/
📖 Subscribe to our bi-monthly magazine: propertyhub.net/magazine/
🏠 Want help building your property portfolio? Book a free strategy meeting: propertyhub.net/invest/invest...
👨‍👧‍👦 Our Social media
📷 Instagram: propertyhub...
🐦Twitter: propertyhubuk?lan...
👍🏻Facebook: / propertyhubuk
📩Linkedin: / thepropertyhub
Listen to our Podcast:
🎤iTunes: podcasts.apple.com/ie/podcast...
🎤Spotify:open.spotify.com/show/3S6fhYX...

[@JOAN8403]

Thank you so much for this video. the first advise was the one that I really needed right now as I worked out my yield and ROI and I was literally looking at cheapest ones in the region! OMG, How did you know I was doing that! Thanks for the tip. really appreciated.

[@MultiMadMel]

😂 0:06 Re

[@shahzadrasul5734]

Hey! Great video! Which areas around Birmingham would you say are good to invest in?

[@truth.speaker]

In Sum: 1. Don't buy a super cheap property. The why - repairs and bad tenants cost too much. I disagree because I know it's cheaper to fix a cheap property. Standards can be lower and materials cheaper. As for bad tenants, I'd rather have 2 mediocre tenants paying 2 lots of rent than put all my eggs in 1 basket hoping that my nicer property gets a good tenant. Some may even say that 2 tenants are less risky than 1, given 1 high earning tenant is often just a recession away from losing their job and then you having a headache with a non-paying tenant who just lost his job. People will always want cheap homes. Always. The idea that high end properties = high quality tenants is simply not true. A good tenant always pays the rent, so if you can get someone on benefits who pays direct and still be making a double digit yield on that guaranteed income, who's going to complain at that? I have half a dozen cheap tenants and I get almost no calls or trouble. But my friend with a high end property is constantly dealing with tenant churn and expensive repairs. She has to buy the highest quality appliances and everything must match. For me, I just pick up a working fridge, a working washing machine and other parts on the cheap, even second hand sometimes

Are you close to your properties ?

[@Unmasking_Viandalisme]

There's also the EPC (energy efficiency). A to E is currently rentable (England) but rules could change, at fairly short notice. I'm thinking C as a minimum, 'coz having to jump from, say, E to B looks mighty expensive.

[@TheMemeAsylum]

A rating of C is coming

[@Unmasking_Viandalisme]

@@TheMemeAsylum Thanks! Was inevitable, within the current, net-misery climate.

[@TheMemeAsylum]

@@Unmasking_Viandalisme its not till 2025 (the exact date hasnt been confirmed) so you have a lot of time still and can factor it into your costs if buying now

[@Unmasking_Viandalisme]

@@TheMemeAsylum For now, I'll keep my powder somewhere EPC A-rated & keep gathering info. 'Buildings that do not need an EPC include: residential buildings intended to be used less than 4 months a year.'

[@TheMemeAsylum]

@@Unmasking_Viandalisme i also belive that if the cost of getting your epc to a C is over 10k then there will be some leeway but dont take my word as gospal its been awhile since i looked into it

[@lnzpyr]

Hi, love the channel! You said at the end to never put down a deposit of more than 10% but does that only apply to residential mortgages? I've read most BTL mortgages require at least 25%?

[@PropertyHubUK]

Hey there, great question! You're absolutely right; BTL mortgages typically do require a higher deposit, often around 25% or even more. The 10% rule I mentioned refers to the deposit you put down before completion. In any property transaction, the norm is to pay 10% when you exchange (the point at which you're legally committed) and the rest when you complete - regardless of how much is coming from cash and how much from a lender. For off-plan, this is important because 10% is the maximum that can be protected by a warranty provider - which means you should get it back if the development takes too long or is never completed.

[@badkeiser]

Quick question. How long are people locking in for atm?