What Mortgage Should I use for a BRRR Property?

[@AllenHart999]

Interest-only is higher risk in my opinion. I started out on repayment but was advised to go interest only, We built up to 10 properties but nearly lost everything in 2007, If i could go back i would only buy on repayment and manage the risk. Only my opinion. Everyone is different. Thanks for the videos.

[@paulthompson5416]

Hi Samuel Looking a bit of advice for next Sunday’s Q&A I’ve recently came into to some money (£100,000) and want to get into buying and letting. How would you go forward from zero? Would you use all the money for a single purchase to let or split the money for 2 or 3 deposit purchases? I’d still be operating on the BRRR strategy but don’t know what scenario would be a better investment for my money? Many Thanks Samuel

[@gimmick1575]

Hi Samuel,I'm 21 and I attended your crash course and although I havent yet bought any properties It helped me to grow in so many areas and am now in a stable job with a good cashflow. How would you recommend I increase my knowledge of evaluating a properties worth and finding what us a good deal.

[@joelberry898]

Loved this video ! Thank you for answering my question !

[@ramelleleblanc5934]

I want to purchase a property using BRRR, but I have not had any experience at all in property, do you think I could go straight into BRRR and what advice would you give?

[@xxtashaxx742]

Hi Samuel, I hope this isn’t a stupid question! But when doing BRRR, can you buy the property with a buy to let mortgage, refurb then refinance? Or does it only work with bridging loans?

[@davidjohn3413]

If the property is mortgageable, then yes no problems

[@GwithaG]

How long until article 4 takes over the whole of UK? Thanks

[@saithschannel4614]

Not take too much time comming soon

[@chrisfletchergolf1762]

Great Questions. Brilliant Answers. Appreciate the advice. Jogged my memory on a few points. Time to action this week! 👊

[@yashsoni4877]

Hello Samuel, I'm 15 I am trying to convince my perants to invest in property . I would like to ask if it is necessary to have hard cash to start investing or can you start with a low amount of money. Or to simplify how much money do you need to start? PS: how much harder is it to buy in london compared to the rest of England because I live there.

[@murdo20]

Hi Samuel When doing a BRR should you keep your invoices and receipts and show the valuer how much you spent on the property? Feel this is counterintuitive in case they just see you have spent 10k on the property and so value it around 10k more than you paid. Can you please tell us the advantages of showing receipts etc if this is what you recommenced? Thanks

[@filipvukas883]

Hi Samuel. Is it smart to invest in real estate in Third World Country (Serbia in particular) or should I move to other country like USA, UK or even Germany ?

[@patriciakilty]

HELLO FROM CANADA! I have been following your channel religiously and have just started my property journey. Thank you for your encouragement and energy! I have many questions, but I'll start with one :-) I am offering a Lease Option to a motivated vendor. But their mortgage lender said they cannot change it to Interest-Only or even Buy to Let. I foresee this being an issue for future Lease Option offers. Is this something I should be asking at the beginning? Any solution or advice would be greatly appreciated. Thanks and keep up the great work!!

[@nicmac6930]

Hi Samuel should i sell my 1 bed flat in Croydon and use the 50k equity to buy 2 houses or do a brrr up north? Or keep it and refinace in 2 yrs and keep refinancing that same property over the yrs. Thank you

[@Tracey-mv7ds]

Hi Samuel, I am so happy with all the information you give us all, it’s brilliant. I am buying my first property with cash on a Brrr but may need to bridge for the refurb and the refinance, renting the property out. But at present I don’t have a job is that a problem? Is it better if I do it through a ltd company?

[@africanqueenv]

Hi Samuel, another question! What is the best way to secure corporate let deals? What are the best sorts of companies to approach?

[@conormac5967]

Hey Samuel, I really enjoyed the crash course in January it was great meeting you and I learned loads I have a question on deal sourcing so I'm 16 and I want to sell deals but how do i get investors to trust me and respect me as an investor? as I'm concerned that they won't listen to me because they will think I don't really know anything because I'm young. I haven't tried to sell a deal yet so I don't know how much of a problem this will be. what can I do about this?

[@damiancrawford8185]

Hi Conor, Although I am not an expert in property, Don't see your young age as setback - See it as a strength. Go to networking events, Breakfast meetings, Chamber of Commerce, Toastmasters, property events (Samuel Leeds, Simon Zushti, Progressive Property, Paul Smith Touchstone etc). Build relationships, you will find the right JV partner. GET educated, read books complete courses. It will open doors for you

[@peterpavlak3523]

Hi Samuel 👍 🔥 would you buy 3 bedroom flat and turn it in to the 4bed HMO ?? Or you only use houses for HMO ? Thanks

[@philippe393]

Hi Samuel. First of alI, you are a LEGEND. I don't think a lot of people realise the true value of quality content (both financial and personal advice) you give for free. Second to none. My question is I have spent a lot of time going through tonnes of content, including your crash course which I highly recommend. However, much like Glen Kirkham, I have this fear of property investing going horribly wrong. How can I get over this fear? Glen did get over this fear but your saw the amount of effort it took and that was with you practically holding his hand. I feel like there is a lot of people out there struggling with the same issue. Regards

[@conormac5967]

Everybody has fear and you will probably always have it no matter how big the deal so you kinda just have to suck it up and take the risk. Your first one will be your hardest. But a way of helping yourself have less fear think of the worst thing that could happen and how likely it is and how much of an impact it will have on your life if it goes bad. And if it is a good deal you wont have to worry as much.

[@ryan5391]

Hi Samuel, I was looking at buying a property portfolio, would it be silly to think getting a loan? Would love to see your thoughts on this.

[@stevmaister]

Where it's better to ask for a mortgage ? A mortgage broker, a mortgage advisor or a bank ? Thanks

[@BenMansfield2023]

Great work 🎉

[@cullenfarleigh862]

Hi Samuel, Over the last month, I've been completely addicted to your channel, I've been doing a lot of research in my spare time and will be attending your Crash course in London this month. I know how important it is to have a good accountant and broker but I'd love to know your technique for finding them?

[@propertyman3690]

Great content Sam🔥🔥

[@craigstevens3843]

Hi samuel came to the crash course. Took your advice borrowed from five different family members and a JV with a work colleague. Bought two house terraced at auction. Lost £20,000 what should I do now? I think I need to up the anti, you need to develop over £500,000 upwards to make it worthwhile. Give me your thoughts. Saving hard for the VIP course.

[@georgefleet8156]

Hey Samuel, love the content as ever! When doing R2SA in an area without the 90 day rule, do you need to apply for change of use for the building from c3 to c1 or not?

[@liambetson4497]

Hi Sam, Can you give us a rough price on how much it is to be a legal sourcer and the steps and time it takes? Thanks Liam P.s cant wait to come on the crash course when i am back in the Uk after travelling

[@raihaan2011]

Can't wait to finish my useless uni and actually join the crash course and actually gain value. And make money

[@AllenHart999]

When you say about pulling all your money out, This just means you owe more money. Balance the risk and do not get too much in debt.

[@harryrowbotham2648]

Spending an extra 30-40 a month is worth refinancing to get another mortgage to make more money, if you don't refinance you'll just be relying on you own income and property income to increase your portfolio, which will be a very slow strategy.

[@AllenHart999]

@@harryrowbotham2648 I have owned around 30 properties, Including HMO i am speaking from 30 years as a landlord. Pulling money out as it says here means you are getting in more debt and that means more risk.

[@harryrowbotham2648]

You lucky man

[@AllenHart999]

Harry Rowbotham I almost lost everything in 2007/8 by following advice like this, lesson learned

[@harryrowbotham2648]

How did you build up such a big portfolio then?

[@morganfoster2002]

Hey Samuel Hope your good man! If you take over a property on a LOA and pay the persons mortgage, do you not need to switch the house over a buy to let mortgage? Cheers

[@denoseaneen]

Hi Sam, I have been following you for a while now, and have been itching to get to the crash course. Problem is I moved to Kalgoorlie (Western Australia) last year in order to save up to get started in property. I can earn 3x the amount out here compared to the UK hence the decision to move to a small mining town the other side of the world. My question is: Should I invest back home in the UK, If so how would I go about doing that from Australia? Or would I invest locally in Australia? I feel there is potential in Perth for investing, but the bust and boom cycle makes the marked volatile and unpredictable. Cheers Sean G.

[@mattbeks2949]

Would you ever consider doing a Financial Freedom challenge in Australia?

[@JayJay-wb4mv]

Hi Samuel on Loa how do workout how much a property will go up by in say 7years and how much to offer a landlord to make any money and what happens if the landlord goes bankrupt?

[@conormac5967]

Jay you should offer no more 10% above what there asking price is cause most likely there in negative equity and there price is already way above market value.

[@luisruiz2179]

Samuel! My uncle has a property he wants to sell desperately. He lives about an hour from the property and is currently losing money because he is just renting out 1 flat, out of the two. 1sr flat Renting for $900 but bills are $1,200. If he were to rent out the 2nd one he feels he will be too tied to the home so he rather take the loss and sell asap. He wants to list it for $160k but the home is worth $220k ( he’s obviously desperate/motivated) I want to buy the property off of him but I just turned 18 with no income, no credit, and still never had my own property. I have your books and watch all your videos but I want to know what I should do and how to do it coming from you. Hopefully you see this mate! Have a good one!

[@yusufp5605]

Luis Ruiz I’ll buy it from your uncle depending on the location and pay you sourcing fee as well

[@luisruiz2179]

Yusuf P The property is outside the skirts of Chicago, in Berwyn IL, USA. Whoever were to buy it will automatically have up to 60k equity in it & automatic Cashflow once rented out (minimum $700 rent on 2nd flat.) if somehow I am not able to buy it myself you are the first one I’ll go to Yusuf! Please send me your contact info & credentials.

[@adamryan3643]

You said you wanted to get uncomfortable in 2020 to progress onto better delas. What scares you about the future of propety with your strategies. Or what set of circumstances would cause you concern (rate rise, regulation, changes to airB&B, propery educatioal training regulation or unknown factors). Everyone has concerns no matter if your deals make 1K or 1 million, so what are yours? All the best.

[@Sahibsinghchohan]

Hi samual. I would like to know when can you refinance a property after purchase. I have been told by a mortgage broker it is after 6 months of ownership. This is in the brrr strategy. Thanks in advance!!!

[@duncan5318]

When organising rent to SA or just rent to rent in general, is there a guarantee through legal documents that the term will last x amount of time, or is there a chance of the landlord changing their mind like 3 months in

[@duncan5318]

@@douglaspuglas6888 thank you

[@richardroach1295]

Hi Samuel great work ! How do you narrow down your search to find a few target areas ? There are so many sources of information, such as RICS market report / Right Move Reports / Property Blogs etc, that all identify many areas and very often offer conflicting information. Any help would be appreciated. See you on the Academy in the next few months . Thanks. Rich

[@anjumanwolf6931]

I have about 90k I was going to use towards my first BRR/HMO but is it better to give the money as an investor with the agreement that I can shadow the process so that I can learn first hand? Great videos thank you

[@whatislifebro]

Hi Samuel, just wondering how old you have to be to start property sourcing?

[@jimboyuk1]

Please please please tread carefully when building a property portfolio using the Brr strategy. What I haven't heard mention once in all these videos is the potential capital gains tax bomb one can be building up by leveraging up the loans on a property. If you ever sale the property you have to pay tax on the increase in value of your property. If youve kept leveraging up your loans , after paying off your mortgage you may not have enough money to pay the tax man. Brr needs carefully planning.

[@missb_8816]

Hi Samuel..do you have any knowledge on the right to aquire scheme? We are looking to buy our 1 bed flat from the council..but once bought we will like to switch it to a Let to buy mortgage and move to rented house as we have a young boy so we need the space asap. We this be possible very quickly after it us bought? We feel this is going to be our foot in the door of property investment business.

[@missb_8816]

Also is it true that you need to have 25% equity in the house for the lenders to authorise a switch in our mortgage? And would this incurr penalty charges?

[@thriveperformance5320]

Hey Samuel! I’m really interested in the BRRR strategy and I’m primarily looking at 4-6 bed HMOs, I wanted to know when refinancing is it best to have a residential or utilise a commercial mortgage to pull the most money out of a deal? Thanks for all the knowledge your sharing on the channel 🙌🏾

[@Southboth]

Commercial of course , only residential if your planning to live in it

[@lewisclark5815]

Hello Samuel again! Thanks for the response!!! Is it a good idea to try and get a delayed payment deal on a house when I’m like 17. I live in Scotland so lease options are not an option

[@dynomite1988]

Hey Samuel, I am just wondering does your advice work in Canada as well?

[@juliagrey2972]

How can you use tax deduction on buying a brand new car like the Range Rover. Is it fully tax deductible?

[@kombatkillerkyle]

But interest-only mortgages means that you pay taxes on your 'income' or positive cash flow. If you pay into principal its a write off and when you cash-out refinance you dont pay tax on that money because its 'debt'.

[@africanqueenv]

Hi Samuel, love your channel. Is there anywhere you can find a list of areas without article 4 or with upcoming article 4 instead of searching each council individually?

[@gurzilla666]

Hey Sam, Can you use Brrr stragety in Belgium?. Believe it or not i can t find anything about it in Dutch Flemish. Only USA, UK and Canada... Its almost hidden here in Belgium

[@A_D05]

Amazing video Samuel 👍

[@anjumanwolf6931]

Where’s a good place to invest London/South East England?

[@saithschannel4614]

Where you find a good deal rather anywhere in UK

[@callumconley6436]

I was recently looking at lease option agreements and I was wondering about mortgages after the agreed time period, is it possible to get a mortgage after the time period or do you have to buy in cash? thank you keep up the good videos.

[@BabePinkBabii]

cant get a mortgage because I don't have a job and income is from rent to sa.. please answer this, no family members / friends will help / joint venture is tough!

[@realclips2166]

Samuel you are doing great job

[@kylethompson8103]

Hey Sam , just watched the video with you and chloe in Burnley, I always come across hmo properties across the country.Some times to fast for my investment list, would you be interested in finding the right investor and we split the finders fee. Just another revenue stream for you kind regards Kyle

[@bemnet2000]

How do you do market research?

[@marcinkornas2402]

Hi Sam. I believe in success some people after crush course, but some day will be no houses to buy. 😁 Is that situation is ever possible? Even some investor die, I believe his family takeover control on his business. Than not 100 % house back to market after someone die or became retired??? Any way thanks for inspiration.

[@jothompson8282]

Hi sam, do you have a video on understanding property lingo? ( I'm a total newbie and I'm so lost).

[@mattgalvin45]

Bought your book 2 months ago. Still not been delivered and your company has stopped replying to my emails when I asked for a refund. Not about the money it’s the principal

[@giacomosala9109]

Hi Samuel loved the crash course. I was wondering if it is legally binding to sign a lease option agreement when you are 17 Keep up the good work

[@harryrowbotham2648]

I think you've got to have a proper name before you can do that, giacomo isn't a name. Don't worry you can change it by depol on your British birth certificate.

[@alexanderppg4683]

Thank you for everything Samuel !!! It is mad how confident I am in property, thanks to you and my love to property investing and managing My question...I talked with and agent which sent me an email with a licensed hmo of 6 bedrooms. I am planning to do it with professional people and they are willing to pay from 400 to 700 and couples are for 1000 (checked them from spareroom) and the rent is 3000 per month I am guessing that i heard that I should offer the agencie to pay their commission as well so I am guessing it will be 3200 per month. How much cashflow per month do you think someone can get for as an hmo ( I don’t how much they get per month from the landlords...) from your #FFC in London I remember you negotiated with the landlord to lower the price for ya and stuff So do I do that with him as well And I don’t have any money right now So I am planning to network and sell deals like this to others so I can invest myself...what do you think I really long comment I know But this will help a lot ! If you are planning to do FFC with someone from London i am open for it 😅 I love you bro ! Keep up the good work Don’t mind the haters You have helped so many people !!!!

[@12337arsenal]

Will my credit score have an affect when remortgaging through the BRRR strategy?

[@saithschannel4614]

Yes exactly but they will mostly focus on your rental income

[@immyeyre9020]

Hi Samuel, I've read your books and booked onto the crash course in March but before deciding I wanted to go into property, I was saving for a house deposit. I currently have just over £8000 in a lifetime ISA (LISA) but if I were to withdraw it without using it on my first home then I would incur a 25% penalty and end up losing over £1000 of my own money on top of the government bonus in the account. I have nearly £4000 outside of this account but can't use it on property as if I do then again I will incur this penalty when I buy my own house on the money in the account because it won't be the first property I own. I was thinking of going for either LOA or R2R when I begin in property but as I'd have legal responsibility or interest in these properties they would still affect this money. Me and my partner were thinking of getting our own house in the next 6 months but I don't really want to wait to start investing. What would your advice be?

[@conormac5967]

"rent where you live and own where you rent out"

[@immyeyre9020]

​@@conormac5967 You can't buy a place to rent with a LISA and there's nowhere to rent around where I live. House prices are high and rental value is low so no investor with any sense invests in my area, therefore there are no rental properties

[@malikbrandson5747]

What does the last R in brrr stand for sorey

[@youssifseyam3438]

How to find the first deal for under 20yr old to start making your money work for you

[@junaident9402]

Hi Samuel, hope your well! Loving the weekly Q&A content! I am looking to start deal sourcing and I am currently building my investor portfolio. One thing I am struggling with is finding the rental income for single let properties. Are there any websites to get an estimate for single let properties? I am currently using spare room, open rent and Zoopla to get a rough understanding for the rental income of a property. However, I find that these websites work well for HMO's but aren't so good for single let. Another problem I am facing is calculating the ROI for cash buyers, do I include the purchase price to the cash upfront?

[@egos98]

Samuel stop posting such good videos, I am jealous. I cant watch my videos After I watch yours

[@Sword_Saint.]

Love the content. In the USA and really want to start getting into Rent to Rent. Anybody have any advice for me?

[@TsunamyK9Gaming]

Hey Samuel! Can I put my name down for a LOA even tho I am 19 years old? And will there be any down-payments before the deal is closed?

[@conormac5967]

Toma yes you can put a lease option agreement in your name at 19 but there is legal fees that will cost you a couple grand.

[@masoncooke6729]

What’s the best thing to do if you want to get involved in property but under the age of 18? Love the vids by the way

[@conormac5967]

Mason I don't know what age you are but I'm 16 and I'm trying to get into deal sourcing and rent to rents cause that is all we can really do since we can't get a loan until we are 18. You also can do lease option agreements but you have to put it in somebody else's name that you trust. But I would suggest you learn as much as you can about rent to rents like me and buy all Samuel's books because there super helpful.

[@anjumanwolf6931]

What should you consider when choosing a LTD name? Is it better to have the word ‘Property’ in it?

[@jimboyuk1]

Are you serious? Do you know what kind of limited company you need to set up?

[@tonychurchley3063]

Hi Samuel thanks for your videos there awesome. Can you recommend a good mortgage company to get a remortgage quickly, because I've applied for one with neich financial solutions. But there taking ages to sort out the remortgage. More than 3 months now.i need to find a broker that can sort it asap.any suggestion would be great Samuel. Thanks again Tony

[@vshadowszn7903]

What’s drop shipping

[@conormac5967]

Shadow drop shipping is when you sell a product you haven't bought yet but are selling and when someone buys it off you then you go buy it for less than you sold it for and give it to them to make a profit. Do you understand?

[@conormac5967]

Shadow drop shipping is when you sell a product you haven't bought yet but are selling and when someone buys it off you then you go buy it for less than you sold it for and give it to them to make a profit. Do you understand?

[@vshadowszn7903]

Conor Mac yes I understand could u consider making it into a video because Is one of the ways to actually make a lot of money

[@vshadowszn7903]

Thank you.

[@helpinghands2431]

LMAO Samuel is funny

[@jacobk1736]

15 and £10,000 😭 well played man

[@lewisclark5815]

Jacob Klaire 🔌 thanks!

[@stuartparsons2200]

The kids got skills, I used to have a paper round but only got £1:25 for 30 papers. That was 15 years ago though haha.

[@A_D05]

First