We Flipped This House & Made £100,000 Profit 💸

  Рет қаралды 975,073

Samuel Leeds

Samuel Leeds

Күн бұрын

Пікірлер: 539
@frankwood11
@frankwood11 2 жыл бұрын
Nice to see James Corden has a sideline.
@HamzaKhan-im1ls
@HamzaKhan-im1ls Жыл бұрын
LOOOOL that made me laugh😂
@brianwalker2201
@brianwalker2201 Жыл бұрын
Lasted about 10 seconds watching him.
@jayjoseph-r5t
@jayjoseph-r5t Жыл бұрын
Nikado avocado*
@oliverblackhall
@oliverblackhall Жыл бұрын
😂😂😂😂😂😂😂
@J90JAM
@J90JAM Жыл бұрын
Housepool karaoke or something.
@jacksonsmummy100
@jacksonsmummy100 Жыл бұрын
Perfect tax avoidance and perfectly legal! Nice one!
@fiestygemini2379
@fiestygemini2379 2 жыл бұрын
If your going to ask a question please let the people respond and not interrupt!
@cryptokingz615
@cryptokingz615 9 ай бұрын
was driving me mad haha cut them off after every question.
@paulbond1102
@paulbond1102 2 жыл бұрын
I had to switch it off, the guy was absolutely doing my head in interrupting the couple.
@lewisheart
@lewisheart 4 ай бұрын
too much packet at lunch time I reckon.
@badral-hussain6757
@badral-hussain6757 Жыл бұрын
The seller agreed to sell to the person whom he made the agreement with, and said no to others who we’re offering more. Respect.! Man of his word. Did the same thing myself, although didn’t make any profit but broke even. I know the feeling to be gazumped at the last min.!! 😡. It’s bloody annoying.!
@dellaestatesltd437
@dellaestatesltd437 10 ай бұрын
Bingo! We’ve been gazumped sooo many times I’d never do it to anyone for a quick buck!
@seithlugolobi2346
@seithlugolobi2346 2 жыл бұрын
Samuel Leeds needs to buy my training course to look lean
@jasbindersingh2441
@jasbindersingh2441 2 жыл бұрын
Modern UK I'm afraid...a land full of get rich quick gobby property spivs.... Hope interest rates don't go up too much , would be awful for property speculation
@kieranloney3031
@kieranloney3031 2 жыл бұрын
So the house was 165k and the refurb was 125k so 290k into buying and doing up leaving a total profit of 125k thats before the profit is split with the investor so how much did they make in total depending on the contract with the investor? Point is the title is miss leading don't get me wrong I still think they will be walking away with a profit of around 30-50k
@Thetavern09
@Thetavern09 2 жыл бұрын
If you listened they said the £125k included the investor’s return
@eliakimjosephsophia4542
@eliakimjosephsophia4542 Жыл бұрын
I think I her heard her say £30,000 to the investor.
@maxthelab8457
@maxthelab8457 2 жыл бұрын
So...........no mention of the value added simply due to market uplift. Could have kept a wreck, done nothing to it, then flogged it on 1 year later and probably made a tidy profit. That's all market dependant of course but that £100K must have an element of market uplift to it - HPI has been very healthy over the last decade. We bought a bungalow for my Mum Feb 21 for £520K and they are now selling for £640K - not bad for no real effort.
@ljp206
@ljp206 Жыл бұрын
Man could have made less of a 'profit' and done the right thing by selling for a fair price instead of making a huge amount of dosh
@ukandrew
@ukandrew 2 жыл бұрын
If moving abroad with the idea of property developing abroad you do need to know the country tax system and the restrictions levied on foreigners. Know of developer who had a similar idea. Bought abroad, flipped a few times then decided he wanted to sell up and return to the UK. This is where he found the country he was in would not allow him to remove more than 50% of the properties value. Some countries do this and more to control the amount of currency leaving the country. Also different regions in a foreign country often have different rules. Good research is key
@MrCraigShepheard
@MrCraigShepheard 2 жыл бұрын
If the house was empty for more than 2 years you only need to pay 5% VAT on the refurb costs which helps your cash flow massively
@conradsmith7752
@conradsmith7752 Жыл бұрын
Didn't explain how you pay no Stamp Duty and unless you live in the house for 2 years you will have to pay CGT unless that has changed in the past 5 years
@D1Pritchard
@D1Pritchard 2 жыл бұрын
Sam needs to learn to shhh when people are speaking. Let them speak before you ask another question 🤦‍♂️
@jessicajones2195
@jessicajones2195 2 жыл бұрын
that is a very good point Daniel
@charlottef4917
@charlottef4917 2 жыл бұрын
I came to the comments to say this. Was annoying to watch
@jessicajones2195
@jessicajones2195 2 жыл бұрын
yes
@onx9920
@onx9920 2 жыл бұрын
It’s called Asperger’s. chill ass hole
@eGamingable
@eGamingable 2 жыл бұрын
90% of bri'ish are like this. Talking non-sense and 0 listening.
@jdautos3733
@jdautos3733 2 жыл бұрын
the guy thats company owns 0 properties on its books, its been on TV
@reidtv7185
@reidtv7185 Жыл бұрын
Cracking job, only part that was missed was you never mentioned where the £125k for refurb came from?
@dellaestatesltd437
@dellaestatesltd437 Жыл бұрын
3:25 we used an investor :)
@lexframes5335
@lexframes5335 Жыл бұрын
@@dellaestatesltd437 And in return they received interest I guess?
@Charlton2010
@Charlton2010 9 ай бұрын
@reidtv7185 they did actually say in the video the investor paid for everything…..somebody wasn’t listening 😊
@waynewinky2754
@waynewinky2754 2 жыл бұрын
Renovating is getting shit these days. Almost impossible getting the trades onto site due to high workload commitments or covid, and many of the ones that do turn up do a half assed rush job because they are incompetent or stacked out with work. Would'nt bother renovating in this day and age, not worth the hassle or constant worry for the investor or homeowner. Building industry quality and standards have turned to shite like a lot of other things in todays world. Progress.....pffft, just dissapointment and anger at the lack of quality in todays rushed money driven world!
@wzz2891
@wzz2891 Жыл бұрын
The taxman will be very interested in this. Abundantly clear their intention was to develop for profit, and they clearly state they've been doing similar 'projects' around the area and afar. The guy also says 'it's our job' doing this.
@yogi2dab
@yogi2dab Жыл бұрын
Perfectly legal
@potato1084
@potato1084 Жыл бұрын
As long as they’re doing something legal the “taxman” can’t enforce anything. Plenty of people do this!
@willhutchinson2977
@willhutchinson2977 Жыл бұрын
Who cares it’s legal and I’d do whatever it takes to not pay tax and so would most people
@Ghost1face
@Ghost1face Жыл бұрын
What’s the time scale to live there to stay legal ?
@patmanrick
@patmanrick Жыл бұрын
​@@yogi2dabit's tax evasion. PRR is not available where the primary purpose of buying the property is to make a capital gain. So they should be declaring this for CGT purposes based on what they have said here. If they had simply said that they like living in nice houses and the tax advantage was a happy byproduct then it would be kosher.
@bobbyshermanski611
@bobbyshermanski611 2 жыл бұрын
£125k total costs including investors return is phenomenal. What would have been really interesting would be a proper breakdown showing, costs of goods, services, investors return etc. I presume this couple did all the heavy lifting themselves IE building work, interiors etc???
@Mentorh1900
@Mentorh1900 2 жыл бұрын
I think you right that cost for refubrish is very low, just don’t add up the amound the work is done. I personally dont trust this guys!
@bubaba8938
@bubaba8938 2 жыл бұрын
Yep,no breakdowns of costs
@Bobsbud100
@Bobsbud100 2 жыл бұрын
I want to know this is as well and how much the investors make etc etc.
@NoNonsenseJohnson
@NoNonsenseJohnson Жыл бұрын
The fella said he was a plumber so makes sense.
@pymt
@pymt 3 ай бұрын
Imagine the seller or an investor listening to the conversation from 12mins in. Guilt tripped the guy, sold a sob story then admit at 13mins they intended it to be a HMO.
@Secret19977
@Secret19977 2 жыл бұрын
Offshore bank account and use the money from the offshore bank Account to fund buying and investing in the property then it’s zero tax, income tax wouldn’t need paying, corporation tax wouldn’t need paying either
@OwenSithole
@OwenSithole Жыл бұрын
Watching from South Africa, amazing video! I am so inspired to do this in my local town! Sam, please search for Cape Town properties as the Pound currency is double our currency which would offer great opportunities to make money with beautiful homes contrary to any fears one would have relating to us. All the best!
@Darkangel-hy8ev
@Darkangel-hy8ev 2 жыл бұрын
£415kK for a house with a very small lounge, and no downstairs loo, and no en-suite upstairs, seriously? I don't think so, not worth it! I am in the UK, but will be moving to Canada in a few years time, and in the Alberto area probably, and you get so much more house for the same equivalent there, way better designed houses, much bigger, and all with en-suites, some having 2 en-suites, and you get that size lounge space upstairs on the landing area as an extra room usually, not forgetting a laundry room, mud room, office space, walk in closets in bedrooms, master en-suite has bath and separate shower, and some even have finished basements with 3 extra rooms, and i am talking of new builds of course, the difference is unbelievable, but that's the UK for ya!! No thanks!
@brandym9362
@brandym9362 2 жыл бұрын
It’s just down to where you want to live isn’t it? If you want to live in the UK, where the population is over 60 million and space is scarce, then you need to pay up. You can buy the type of houses you describe up in the north (especially Scotland) so again it’s all about how each area and country is priced up and all down to availability and location. You’re not comparing apples with apples!
@Darkangel-hy8ev
@Darkangel-hy8ev 2 жыл бұрын
@@brandym9362 I get what you are saying to an extent, however i have lived in the UK all my life, i was born here, and i have always lived in the same town Worcester, lovely place, well it was in the 80s, and now just is overcrowded, and i am talking about houses in my area obviously! Also i do not like the climate here anymore, our summers have got hotter, and we hardly have a winter, and i am very hot blooded, and hate the summer, and any hot weather, but love the Autumn and the Winter, love the snow, we never get any! So Canada was an ideal choice for us, and is way more beautiful than the UK anyway in my opinion! So with the sale of my house, and my Mum's when the time comes ( she is 92 ) and savings she has kept for me, i should be able to have a very good life and very nice house in a place i love way more suitable for me, that i could never have here! I guess that's why i was doing the apples for apples comparison lol
@Darkangel-hy8ev
@Darkangel-hy8ev 2 жыл бұрын
@Not Me You really shouldn't make presumptions about people you stupid prick!! I will however show my Wonderful Mum this when i see her, she may want to reply to you, as still fantastic and fit and sound of mind at 92!! Firstly i work you imbecile, and i was adopted at 8 days old, all they ever wanted was one child, a little girl, so they could give everything to her in the future! They run a fish and chip shop before i was born for 25 years, and both always worked very hard, and saved very hard, never spent much on themselves, just not who they are, but had what they wanted in life! Everything they did was always for me, it is just how they were, lived in an average 3 bed detached house, and you would not have known they had any savings especially, but when i passed my test at 21 My Dad got me a new car, i used the car for 14 years, then they purchased me another one, and when i was ready to leave home, they bought me a house, which may some madness to some people but they had that money behind them, from years of hard work and saving, and of course they would do that for me, as they would never want me having a mortgage! So i already have a home, and yes when my Mum passes i will obviously have her's and the savings she has got for me! She tells me all the time it is my money, is is how Dad wanted it ( i lost my Dad over 20 years ago ) she is paying for me to have dental implants in couple of months time, after suffering all my life, as the time has come, and she says it is your money anyway!! I very rarely ask Mum for stuff, but she always asks me, as she is getting on, and she has already said i could go to Canada now if i wanted to, just sell my house, and take the savings, and trust me there is enough, but i do not want to leave my Mum, and i never would leave my Mum here on her own at this age, i could not live with it!! I have condensed this down very briefly, but clearly you know f....k all about myself and my family, so i suggest you keep your vile mouth shut before you decide to judge someone you know f...k all about!!!!!
@Darkangel-hy8ev
@Darkangel-hy8ev 2 жыл бұрын
@Not Me I'm not the one complaining here! It seems you are the only one whinging about someone else's life! You have no idea what i have done, i have always been My Mum and Dad's world, all they ever wanted, a concept that seems to really bother you!! Jealousy is a really ugly thing, direct somewhere else!!
@Tina-ng9up
@Tina-ng9up Жыл бұрын
@@Darkangel-hy8ev did you say your summers got hotter and you barely got winter?? I'm packing and leaving London now and moving to Worcester
@salimrehman2028
@salimrehman2028 8 ай бұрын
How much does it cost to replace the whole house from the wood floors, support pillar, roof, water pipes, electrical wire, radiator. Only the brick stay but get another plaster all over.
@floatingpeaks4584
@floatingpeaks4584 2 жыл бұрын
I don't get their numbers - Loan 165k to buy the property Loan another 125 to refurb the property. So that's a Loan of 290k Sold for 415k So that's a total profit of 125k. But fees would have to be paid out of that for example estate agent. They must have had to pay the investor back 290 + interest. What was that? Short term mortgage deals have crazy interest rates. So how much did they make after paying back both loans, depending on how long the whole project took the interest would mount up on the loans. You have to live in the house 36 months before you pay no tax. The govt isn't silly. So the loan payments would be crazy after that on a short term loan. Also what ever they made will be divided by 2. The figures shown in this video are just a fallacy, only showing gross profit and not take home money. Scammers
@johnpeters4268
@johnpeters4268 Жыл бұрын
36 Months isn't correct, the rest is a fair one.
@NoNonsenseJohnson
@NoNonsenseJohnson Жыл бұрын
Come on this is the internet. Turnover is vanity profit is sanity…. 🤣
@floatingpeaks4584
@floatingpeaks4584 Жыл бұрын
@NoNonsenseJohnson the only thing worth watching about that video is that bird
@NoNonsenseJohnson
@NoNonsenseJohnson Жыл бұрын
@@floatingpeaks4584 🤣🤣🤣
@sanakhwaja6177
@sanakhwaja6177 4 ай бұрын
Exactly
@jacktheaussie69420
@jacktheaussie69420 2 жыл бұрын
the last house i lived in was a massive flip.. my parents bought for 330k for sold for 700k
@a.f.r.o.o1782
@a.f.r.o.o1782 Жыл бұрын
Christ😭
@tashriq4law
@tashriq4law Жыл бұрын
wow
@eccentricity9697
@eccentricity9697 2 жыл бұрын
Let them speak man. Haven’t watched in ages for this reason, come back and it’s still the same.
@abrahamanthony5010
@abrahamanthony5010 2 жыл бұрын
Advice from a broke man to a broke man who is determined to be wealth,Marry or form relationships with intelligent women no need of us falling for beautiful women who have nothing to offer other than there looks and beauty.
@simonheywood1286
@simonheywood1286 2 жыл бұрын
Q???… What length of time did there live in the house for to avoid paying tax???
@axnn1
@axnn1 2 жыл бұрын
About a year I believe
@MatthewD999
@MatthewD999 2 жыл бұрын
So they're admitting that they just slapped on £115,000 on top of the renovation cost and purchase price? What Rip Off Merchants.
@SamuelLeeds
@SamuelLeeds 2 жыл бұрын
It’s called business 😉
@MatthewD999
@MatthewD999 2 жыл бұрын
@@SamuelLeeds Greedy psychopaths have labelled it "business" -- its called extortion.
@TaePG3D
@TaePG3D 2 жыл бұрын
@@MatthewD999 no its just called business
@MatthewD999
@MatthewD999 2 жыл бұрын
​@@TaePG3D Lol, you aint gonna deceive me. No It IS ripping people off.
@TaePG3D
@TaePG3D 2 жыл бұрын
@@MatthewD999 and people fall for this making them profits which is business
@diegoperez2090
@diegoperez2090 2 жыл бұрын
Amazing job! These guys did really well! Its just the house next door looka so crappy compared to this refurbished house.
@jordanhtiffirg1990
@jordanhtiffirg1990 2 жыл бұрын
How long do you need to live in the property in order for you to pay £0 capital gains tax
@guesswho6625
@guesswho6625 Жыл бұрын
It can be 1 month , 2 months, 3 months….. you just have to prove that you lived there with something like bank statement, utility bill etc.
@jordanhtiffirg1990
@jordanhtiffirg1990 Жыл бұрын
@GuessWho ! bro I wish I knew this back then I thought I had to wait 6 months waste of time and money
@kidsvideos7677
@kidsvideos7677 2 жыл бұрын
How about I say I have just bought a land in Hull for £150,000 £100,000 on planning permission for 121 Bedroom 4 Star Raddison Hotel I have exchange for 3million completion in 2 months
@hingwong1187
@hingwong1187 2 жыл бұрын
Before paying for any get rich quick course , think... All these property/investment gurus... if they are doing so well, why are they teaching you the trade secrets to compete with them? Unless.. they are actually making money primarily from the courses . Doh!
@seychelles44
@seychelles44 2 жыл бұрын
So how long did they live there to avoid paying Capital gains tax and claim as Principal Private Residence?
@Ashleycb97
@Ashleycb97 Жыл бұрын
They said in the video mate, looks like 6 months for refurb but lived in for 10 months.
@qfx125
@qfx125 2 жыл бұрын
I wish could do with learning how to flip houses starting with no money cause I’m over drawn by £7.50 and only get £1100.00 a month but with all bills going up future isn’t looking good if I’m here another year I’ll eat my hat
@liamsxa
@liamsxa 2 жыл бұрын
tell you right now you've no chance with that income, you'd make 1000 a week delivery food. find a second job and save save save
@Tina-ng9up
@Tina-ng9up Жыл бұрын
@@liamsxa a 1000 a week delivering food?bike?scooter? Uber? How- Please tell me more
@abyss1997
@abyss1997 Жыл бұрын
@@Tina-ng9up scooter would be the quickest but i think 500 a week is more realistic unless you are in a big city and deliver 16 hours a day
@SPrincessbeneficialknowledge
@SPrincessbeneficialknowledge 2 ай бұрын
Amaxing work Interesting narrative
@UpsideDownFork
@UpsideDownFork 10 ай бұрын
Having grown up with Darren, his success doesn't surprise me one bit. He always had a determination that most others lack. Nice one mate 👍
@dellaestatesltd437
@dellaestatesltd437 10 ай бұрын
That’s very kind, thank you 🙌🏼
@YorkshireMemes
@YorkshireMemes 2 жыл бұрын
“We are going to show you”….no your going low-key brag that you have enough money to buy a house and then use more money to make even more money
@dellaestatesltd437
@dellaestatesltd437 Жыл бұрын
You've just discovered the art of working and grafting 😀
@YorkshireMemes
@YorkshireMemes Жыл бұрын
@@dellaestatesltd437 been grafting for years, the fuck your talking about
@baldywildcamper
@baldywildcamper 2 жыл бұрын
Love at the end how the guy goes, yer I use to buy a car and be in debt with the finance , then I pumped all my money into property and did a course in 2019 and now I own them all. If you have all them cars on your drive its obvious you are buying and selling cars. You wouldn'tb just own all them cars. ACTORS.
@atom1875
@atom1875 2 жыл бұрын
To be fair, I would. If he is making £100k flipping one house, he can probably afford to own all those 7 cars and use each one for each day of the week.
@DMC888
@DMC888 2 жыл бұрын
You're spot on, he's an ex car dealer. Old habits die hard.
@hearmenow909
@hearmenow909 2 жыл бұрын
He pumped all his money into property to get going, now he has investors that finance the builds, which frees his own money up a bit more. He said one was a track car, the focus is obviously a run about, his Mrs probably drives the Range Rover and he drives the Bentley. Aside that there was an older BMW, not that excessive really considering where they are with their business. They're not actors, the house is famous and it didn't renovate itself.
@DMC888
@DMC888 2 жыл бұрын
@@hearmenow909 he lists those cars for sale on Facebook all the time.
@ThatCarGuy1983
@ThatCarGuy1983 2 жыл бұрын
@@hearmenow909 Mr Gullible It's time for a new moniker I feel
@eddy_creative
@eddy_creative 2 жыл бұрын
I'm new to all this, to clarify, how much did the investors make?
@sanakhwaja6177
@sanakhwaja6177 4 ай бұрын
Me too
@AbdulAziz-nb3iw
@AbdulAziz-nb3iw 2 жыл бұрын
This guy has been exposed - I can't believe there's still people following him. It is precisely why some people will always get bumped.
@jonathantennantphotography2869
@jonathantennantphotography2869 2 жыл бұрын
Who's been exposed and for what and why are you following him ......
@sderrick1
@sderrick1 2 жыл бұрын
@@jonathantennantphotography2869 he's been exposed as a con man selling courses about how to get rich from property (why don't you just follow your own advice Samuel and make millions? Because I can make more money from selling courses)
@sawempire4997
@sawempire4997 2 жыл бұрын
Thats because this fat belly talks shit. Honestly if people stopped following him he would have no money. That's the only facts here. He needs to invest in shrinking that head and belly.
@hearmenow909
@hearmenow909 2 жыл бұрын
What's been exposed is people go on his courses that don't have the talent to be successful and then complain about it afterwards. What you do after the course on you, not Sam. The people in this video are testament to the value of his courses. Take a good look in the mirror pal.
@cortezforever
@cortezforever 2 жыл бұрын
@@hearmenow909 I have never been to his courses, but even from watching his videos I figured out how to secure two properties and get loan offers. I would join his course if I could get access to investors etc, that would be worth it to me. There are risks and people must do there own due diligence especially in the current market.
@jamesl1143
@jamesl1143 2 жыл бұрын
Uninhabitable so didn’t pay stamp duty but then lived in it to fit it out to avoid paying CG tax. How on earth?
@John...44...
@John...44... 2 жыл бұрын
Don't you pay capitL gains tax on anything over £12k(or £16k) per person named on the mortgage??? ( can't remember exact figures)
@harryburroughs7898
@harryburroughs7898 2 жыл бұрын
not if its your house.
@John...44...
@John...44... 2 жыл бұрын
@@harryburroughs7898 just read up on it. You do have to pay tax if you bought it with the sole intension of making profit. Even if it is your primary residence. This couple need to pay tax
@harryburroughs7898
@harryburroughs7898 2 жыл бұрын
@@John...44... NO THEY DONT. If its there primary residence you do NOT have to pay capital gains tax if you've lived in it.
@John...44...
@John...44... 2 жыл бұрын
@@harryburroughs7898 ah right, just because the government say you do... Well I don't know who to believe....
@John...44...
@John...44... 2 жыл бұрын
@@harryburroughs7898 from the government website: " You do not pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: you have one home and you’ve lived in it as your main home for all the time you’ve owned it you have not let part of it out - this does not include having a lodger you have not used a part of your home exclusively for business purposes (using a room as a temporary or occasional office does not count as exclusive business use) the grounds, including all buildings, are less than 5,000 square metres (just over an acre) in total you did not buy it just to make a gain"
@captainross4706
@captainross4706 2 жыл бұрын
Please buy his courses. At first I was loosing money buying property. But as soon as I bought his course I bought a rundown £90,000 property in London, and flipped it for £750,000 after 3 weeks.
@derekporter66
@derekporter66 2 жыл бұрын
HAHAHAHAH
@thekofiannan
@thekofiannan 2 жыл бұрын
This is sweet😄😄😄( In Samuel's voice)
@rrain3375
@rrain3375 Жыл бұрын
From Canada people do flip properties. It is harder to realize the the profit that you have with this Reno.
@RAC345
@RAC345 9 ай бұрын
Why electric radiators? What are the benefits?
@haydnbrewer7426
@haydnbrewer7426 7 ай бұрын
There isn't any. they're so expensive to run even with solar panels
@kemmy011
@kemmy011 2 жыл бұрын
Hi Sam, I am so happy to come across your channel. I am looking into getting into property investing to generate some passive income. I live in London. My brother bought a property in one of the outside London counties some years ago. The property later got repossessed because he could not get tenants to rent the property. Due to this experience I am focusing on getting a property in London and Kent which is really difficult to get mortgage due to the high prices of the property. Please could suggest areas where one can easily gets tenants or areas someone can get run down properties than can be flipped. Thanks for help in advance.
@localreviewking134
@localreviewking134 2 жыл бұрын
I'm pretty sure you pay tax somewhere. this is the country of tax, unless you are Amazon. but a good video, i hope their next one is £200,000 and so on
@MFG2738
@MFG2738 2 жыл бұрын
No you do not pay tax on your own residents. Literally it’s on hmrc website and this video is literally telling you. Yet your in denial and “pretty sure” you pay some where. NO YOU PAY ZERO TAX ON YOUR MAIN DWELLING.
@reidtv7185
@reidtv7185 Жыл бұрын
Crazy how many people don’t understand the basics when it comes to tax
@rodgerwest1855
@rodgerwest1855 2 жыл бұрын
This is really a smart way to buy pay no SDLT on purchase as it needs modernisation, buy it in a Limited company (using others money), live in it then to avoid paying any tax on the £100k of profit just say you live in it Darren & Ella are smashing it.
@maxthelab8457
@maxthelab8457 2 жыл бұрын
If they bought through a Ltd entity, then they WOULD have to pay tax ( Corporation Tax ) on the uplift as that would be deemed 'income' ( profit ) so not a smart move. You can only enjoy the tax-free profit if it is YOUR main residence for 12+ months.
@Secret19977
@Secret19977 2 жыл бұрын
@@maxthelab8457 the limited company would have to not the new home owners
@maxthelab8457
@maxthelab8457 2 жыл бұрын
@@Secret19977 Well if they are the owners of the Ltd Co then it's the same thing - as the tax liab would decrease any dividend distributions available.
@Tina-ng9up
@Tina-ng9up Жыл бұрын
@@Secret19977 it's their 4 th BRR so are you a new home owner each time you buy a new property after selling previous one?
@timothytannerandtheamazing5054
@timothytannerandtheamazing5054 7 ай бұрын
Finding a dilapidated property and adding value to it is the way to go!
@devlintube9610
@devlintube9610 6 ай бұрын
Amazing work guys you’ve inspired me thank you. Can I ask why you went with electric rads, they are new to me and wondered what the benefits are.
@paddyk6902
@paddyk6902 2 жыл бұрын
From HMRC site Private Residence Relief You do not pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: you have one home and you’ve lived in it as your main home for all the time you’ve owned it you have not let part of it out - this does not include having a lodger you have not used a part of your home exclusively for business purposes (using a room as a temporary or occasional office does not count as exclusive business use) the grounds, including all buildings, are less than 5,000 square metres (just over an acre) in total you did not buy it just to make a gain - I think this does not apply to those two ?
@NoNonsenseJohnson
@NoNonsenseJohnson Жыл бұрын
Report them 🤣
@badideaorgenius
@badideaorgenius 3 ай бұрын
'You did not buy it just for a gain' Ok, of course they or the investor didn't buy it for a gain, please believe me HMRC.
@greetingsbox4229
@greetingsbox4229 2 жыл бұрын
Very dubious advice going on here, living in a property for a short while is no guarantee you will avoid CGT. Short-term occupancy of a property is often fatal to a claim for PPR. In Core v HMRC [2020], it was held that Mr Core, a builder who bought a house, renovated it himself, lived there for only six to eight weeks with his family, should be granted PPR and thus avoided paying CGT. There were two main reasons for the case being ruled in his favour. Firstly, the Tax Tribunal accepted that Mr Core intended to use the house as his principal private residence. He had not intended to sell the property prior to receiving multiple unsolicited offers for it. Secondly, he had moved into the property with his children. There was another property available for them to live in and he would not have made the move if the intention had only been to occupy the property on a temporary basis. Although the period of occupancy was very short, the Tribunal accepted the intention had been for it to be a long-term residence. Fair enough this guy won his case because he proved this was his primary residence. Saying it was a flip (title) or could be used as a HMO or SA points towards it was bought purely as an investment, oh yes you said you had an investor put all the money in. I thought investors want a profit. And this is your family home? Gulp. Samuel sort your act out, is this from your training?
@Itz_Hyde
@Itz_Hyde 2 жыл бұрын
The lad also describes it as his 'job'.
@wzz2891
@wzz2891 Жыл бұрын
100%
@nazmulhaque5958
@nazmulhaque5958 Жыл бұрын
What a wonderful video and informative clips , you asked exactly viewers wanted to be listen answers 🎉.
@mrboateng_
@mrboateng_ 2 жыл бұрын
Hi Samuel get yourself back in the gym again and hire a personal trainer. You're a very discipline person already let your body also reflect that. Much love
@Tubz40
@Tubz40 2 жыл бұрын
you're weird man...
@squidlings
@squidlings 2 жыл бұрын
Ha, you just called him a fat bastard 🤣🙈
@Superb_virg
@Superb_virg Жыл бұрын
Well done to them! 🥳
@WORLDLOCKS
@WORLDLOCKS Жыл бұрын
@jdautos3733
@jdautos3733 2 жыл бұрын
shame they went for cheap fencing rather than full close boarding fening with no concrete posts
@hearmenow909
@hearmenow909 2 жыл бұрын
The buyer was clearly happy with it even if you weren't.
@ThatCarGuy1983
@ThatCarGuy1983 2 жыл бұрын
@@hearmenow909 Here you are again
@RamblingTog
@RamblingTog 2 жыл бұрын
it's perverse when so many folk can't find a house to live in and the number of homeless is at an all time high
@greetingsbox4229
@greetingsbox4229 2 жыл бұрын
You don't want to be saying that you have done this several times as the Taxman will come and challenge that you are running it as a business rather than as an intentional home. My accountant says you can avoid CGT if you do it in the sense of home improvements but the idea that you can buy an unlivable wreck one after the other and stay in it for a short time to avoid CGT could very well be challenged. Not the best advice! Samuel is renowned for his click bait titles but this one might bite you on the bum. The term 'flipped' is referring to buying to do up with the intention to sell. If this is your intention then you technically should be paying CGT!
@jordanhtiffirg1990
@jordanhtiffirg1990 2 жыл бұрын
I've spoken to an accountant and it states that if its bought in your personal name with a residential mortgage and you live in it for however long then you pay £0 CGT
@greetingsbox4229
@greetingsbox4229 2 жыл бұрын
@@jordanhtiffirg1990 Yes that sounds right. Was this bought with investor funds?
@NoNonsenseJohnson
@NoNonsenseJohnson Жыл бұрын
@@jordanhtiffirg1990you need to get a new accountant mate. He will end up leaving you bankrupt.
@REALLYRANDOMREVIEW5
@REALLYRANDOMREVIEW5 2 жыл бұрын
Im 100 % looking into some Joint Venture projects I can do a lot of work myself, only electrics, plumbing, maybe plastering, would i need some help. Im not in a position to invest or do anything finacial at the moment but i got to start somewhere and maybe i can use my skills and Time to do Projects with others learn on the way and network. knowlage is power ! Thanks guy's your inspiring
@johnnyjoestar7143
@johnnyjoestar7143 2 жыл бұрын
I've never heard of this channel...just clicked on it today but scrolling through the comments, I'm shocked at the negativity. People bashing his weight and calling him a liar. Did this guy do something wrong? lol
@yamaj2524
@yamaj2524 2 жыл бұрын
Search his name and ‘scam’. A tv show even did a documentary about him.
@the_first_step1536
@the_first_step1536 2 жыл бұрын
samuel,your belly is becoming too big,i thought that you are pregnent for a minute
@harvster2
@harvster2 Жыл бұрын
The "academy" they mention where they completed their training, what specific course/academy was this? Be interesting to know!
@Christopher-th5m
@Christopher-th5m 2 жыл бұрын
Hey, can someone tell me more about the 0% stamp duty because it was uninhabitable? I bought an uninhabitable unmortgageable house in 2020 and I was told I still had to pay stamp duty.
@greggreg7400
@greggreg7400 Жыл бұрын
surely there's no stamp as it was only 160k \
@scottfield4889
@scottfield4889 4 ай бұрын
First time viewer... does he ever let them finish the answer before interrupting & asking another one ffs
@zaenqureshi5032
@zaenqureshi5032 4 ай бұрын
say what you want but the housing and bathroom/washroom situations in england are crazy. lol like outhouses. or sharing bathrooms between households. or the two faucet sinks - one for hot one for cold.
@TimKrolak
@TimKrolak 2 жыл бұрын
How have they sold it but also not paid CGT because primary residence?
@dugbert9
@dugbert9 2 жыл бұрын
yes
@okpandora
@okpandora Жыл бұрын
Amazing, Where did you live whilst you were doing the house up?
@dellaestatesltd437
@dellaestatesltd437 10 ай бұрын
Just get a room ready first and a down stairs temporary shower room and eat out every night 😀
@Heisenberg-yt4ms
@Heisenberg-yt4ms 2 жыл бұрын
Can’t you just borrow me £100000 to buy a house interest free then when the house is worth more I’ll pay you back the £100000 ?
@asboukcomfortable1670
@asboukcomfortable1670 Ай бұрын
Why not? Fascinating, always wanted to flip houses! UK ❤️🇬🇧
@Lovemetalfabricationltd
@Lovemetalfabricationltd Жыл бұрын
Nice project , and great finishing ❤
@BeTheBossIntl
@BeTheBossIntl 3 ай бұрын
Cutting off the woman every time she spoke was very rude. The house looks great, but a difficult watch.
@clownshoe69
@clownshoe69 2 жыл бұрын
415...what a rip off. You can get a Mansion abroad for that price. UK prices are a joke
@puppets.and.muppets
@puppets.and.muppets 11 күн бұрын
i want to make over £100,000 profit in less than a year. where do i sign ? im stupid.
@junegrant2843
@junegrant2843 4 ай бұрын
Amazing job fab bathroom but the basin in the bathroom looks cheap just saying wish you both the best with future flips 😊
@Dusty118
@Dusty118 2 жыл бұрын
Please sell me an overpriced course
@Dusty118
@Dusty118 2 жыл бұрын
Nah!
@de-icer1242
@de-icer1242 2 жыл бұрын
🤣🤣🤣
@hearmenow909
@hearmenow909 2 жыл бұрын
Do you have the aptitude to put the knowledge you learn to work, that's the question. Most people who do the courses are just dreamers and let themselves down by not using the knowledge properly or applying themselves properly. Why are some people that do the course successful and others are not? Ask yourself that question...
@ThatCarGuy1983
@ThatCarGuy1983 2 жыл бұрын
@@hearmenow909 why are you on every thread?
@ohno9224
@ohno9224 2 жыл бұрын
Lolololol sell me a seminar (not)
@Ghost1face
@Ghost1face Жыл бұрын
How long would they have to live there for after the refurb in theory to avoid the capital gains then ( shortest time)
@dellaestatesltd437
@dellaestatesltd437 10 ай бұрын
6 months legally as per gov guidelines, I cannot stress enough, always go with the gov guidelines ✌🏼
@gs0783wol
@gs0783wol 10 ай бұрын
6 months? Would you be able to tell me where you saw this information please? I was told it was 2 or 3 years.
@RyanIsShort
@RyanIsShort 2 жыл бұрын
Who financed the refurb?
@bostonlincolnshire8745
@bostonlincolnshire8745 2 жыл бұрын
Hi, why did you apply for permitted development when U can do it without permission, which is the whole point of permitted development (to avoid council bureaucracy)? Also, this couple will have to split the profit in two. How comes you don;t need to pay capital gains tax on property?
@jarv75
@jarv75 2 жыл бұрын
You don’t pay capital gains on your primary residence.
@bostonlincolnshire8745
@bostonlincolnshire8745 2 жыл бұрын
Thank you. Is there an upper limit on selling, i heard a while ago of "millionaire property tax"?
@zedzed1046
@zedzed1046 2 жыл бұрын
Permitted development is not planning permission, thats long winded and could end up being turned down, i.e if someone moans that the wall next to them is too high a planning officer could restrict the height and make it non feasable.
@DMC888
@DMC888 2 жыл бұрын
You still have to submit an application for permitted development. You pay the fee, wait a few weeks and then the council decide if it is indeed permitted development. It cost me 6 weeks on one project.
@bostonlincolnshire8745
@bostonlincolnshire8745 2 жыл бұрын
@@DMC888 You are talking abt a certificate of lawfulness. This is a fee. But U don't need permission if you follow the rules for PD. You jus go ahead and build.
@miralemnyz
@miralemnyz 18 күн бұрын
Wow that bird is something mate.. 🔥
@GeorgeAusters
@GeorgeAusters 2 жыл бұрын
1 thing missing.. A garage
@imranmalik829
@imranmalik829 6 ай бұрын
Dude the seller who sold you the house gave you the house in terms of it be a family home - but you sold it and u had intention of doing it HMO or SA - lovely property btw original owner be gutted sorry had to mention this !
@Secret19977
@Secret19977 2 жыл бұрын
Says profit but the house repairs and upgrades probably cost 300k so you’re actual profit is nowhere near the amount quoted
@greenchemicalplanet
@greenchemicalplanet Жыл бұрын
I need to find INVESTORS! I can refurb houses on my own I know A LOT OF STUFF, we can split a profit!!! :D
@African_Rose
@African_Rose 2 күн бұрын
10 cars on the drive....white audi and ranges? Who bought it Mr Patel?
@Askhsj
@Askhsj 3 ай бұрын
God made u for this my friend as he knew u would choose this path in life. The hereafter is for the righteous
@robsweatherchannel
@robsweatherchannel 2 жыл бұрын
HOW CAN YOU USE INVESTORS MONEY THE STEP BY STEP. THANKS ROB
@kidsvideos7677
@kidsvideos7677 2 жыл бұрын
How about I say I bought a pub in Birmingham for £230000 and converted into 8 shops for another £200,000 then sold all 8 shops for 1.8 million pounds. How about that for net profit ?
@danielcunningham6727
@danielcunningham6727 2 жыл бұрын
🐂💩
@iammaster5556
@iammaster5556 4 ай бұрын
I would like to know more about the Investor?
@thegeneral4063
@thegeneral4063 2 жыл бұрын
The interviewer kept cutting them off every chance he got. The show isn’t about him he needs to settle down
@miriamowusu6778
@miriamowusu6778 2 жыл бұрын
That’s a power team right there! So inspirational and they have great energy! Seem very sweet and genuine!
@egold33311
@egold33311 Жыл бұрын
These 2 are lucky they already have the connections to get such deals
@dellaestatesltd437
@dellaestatesltd437 Жыл бұрын
We had to do our first 3 projects ourselves, then when people saw what we were doing investors started to approach us!
@willhutchinson2977
@willhutchinson2977 Жыл бұрын
Not about luck it’s about getting out there and building relationships with people it’s takes effort not luck
@gamingwithcyt3925
@gamingwithcyt3925 Жыл бұрын
I suppose that comes with experience in a certain field. The more time you spend in that field, the more connections you’d make. (How lawyers know police chiefs, other types of lawyers, judges, etc)
@liam8944
@liam8944 3 ай бұрын
This video is fine, Sam is just excited that’s all. Must say the numbers just don’t add up. This video could well be all fake tbh or prove me wrong.
@Lisa_marchelina
@Lisa_marchelina Жыл бұрын
I did that too in essex but after 20 years!!
@chrisjannahthomas3877
@chrisjannahthomas3877 2 жыл бұрын
What is that bike......it's SICK!!!!
@iamjmedia
@iamjmedia 7 ай бұрын
very informative and educative to watch and its cover most beginners question
@celiahall6168
@celiahall6168 2 жыл бұрын
Trouble is it’s next to a tired ex council house?
@dugbert9
@dugbert9 2 жыл бұрын
the market decided the sale price. If it were in a salubrious area it would cost more. Simple
@BossladyD
@BossladyD Жыл бұрын
How was the investors profit included in the £125.000 refurb
@dellaestatesltd437
@dellaestatesltd437 10 ай бұрын
£25k interest ✌🏼 £100k refurb
@tommyram9839
@tommyram9839 2 жыл бұрын
But how much does the investor want?
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