Why is this content free?! 😆 thanks for taking the time to make these videos Jamie, I really appreciate it 👏🏼🙏
@JamieYork3 жыл бұрын
If you think this is good content then you should see my paid education ;)
@Killane3 жыл бұрын
Jamie your channel is a god send can’t search for this info without being bombared with qet rich quick seminar’s and video’s that do nothing but try get you to sign up for some bullshit course what a legend keep going my guy
@JamieYork3 жыл бұрын
I best stay quite about my courses then....haha
@alexjames11463 жыл бұрын
Basically. Buy something people need. Look after it. Manage the money. Don't get greedy.
@JamieYork3 жыл бұрын
Nailed it Alex!
@serpenttrader40713 жыл бұрын
Hi, enjoying your videos. I thought I would flag up the obvious mistake. Cash in after refinancing would be £17500 (not £12500), you did write returned cash as £22.5k but then took £27.5k off the sunk costs! ROCE would then be 10%. Not bad but I think small time investors are better off in the stock market, the risk to reward is still better.
@JamieYork3 жыл бұрын
You are correct
@adrianlawson63332 жыл бұрын
Yes I was checking down the list to see who else spotted that , easy mistake when you write as neatly as Jamie ! I corrected it in my notes. Still works for me. Love the content.
@GoodBlokeOutdoors3 жыл бұрын
great video mate, loving the channel.. time to save up the 25% for my first buy to let !
@JamieYork3 жыл бұрын
Go for it!
@lukegosling88474 жыл бұрын
This has been helpful as I'm about to come into some money and will be starting my portfolio.
@JamieYork4 жыл бұрын
Great news! Let me know if you need any help finding those properties
@reviewersharma57273 жыл бұрын
It's refreshing to hear some honest advice & not to be bombarded with training videos
@JamieYork3 жыл бұрын
Thanks ;)
@mick09052 жыл бұрын
I love watching your videos where you explain the complex stuff but stumble on the basic maths. 😁
@JamieYork2 жыл бұрын
Haha, I know. I’m such a clutz at times 😂
@wimpsta9823 жыл бұрын
bro thanks for taking the time to make and upload all your vids,✨ your very helpful 🌟 God✨bless you and thank you 🙏🏽
@JamieYork3 жыл бұрын
Glad you like them! There is more to come!
@mosadiqh51893 жыл бұрын
Thank you for this very detailed description of how property and finances works. I want to enter into property business and I found your video very helpful.
@JamieYork3 жыл бұрын
Glad it was helpful!
@Bluemart8563 жыл бұрын
the roce in that example is more like 10% actually, as the cash was miscalculated. but thanks for the video. it really makes me think that with btl there is only 1 strategy and its the long run
@JamieYork3 жыл бұрын
Yeah I screwed up a number half way through. Oops! 🙊
@hansolo41653 жыл бұрын
One of the most useful videos I have watched on property investment 👍 thank you
@JamieYork3 жыл бұрын
Glad it was helpful! We've got loads more to come!
@planeguy953 жыл бұрын
Your videos are amazing man. I'm in the process of buying my first buy to let property in England and this is like a bible
@JamieYork3 жыл бұрын
Amen!
@eamonhannon1103 Жыл бұрын
Very good explanation Jamie !
@JamieYork Жыл бұрын
Glad it helped! Thanks for watching!
@paulharrison86123 жыл бұрын
Great video.....very informative....I'm hooked now just need to work out where the 25% deposit comes from for my first property
@JamieYork3 жыл бұрын
You can do it! Hustle, start a side business, get a pay rise, get a second job! You've got this!
@THECHRONICLESOFRYDIK2 жыл бұрын
Jamie...thank you very much for this content. I’ve learned so much from you already.
@travellingtom60913 жыл бұрын
Jamie has the best channel. Sent it to loads of friends. Even as an experienced landlord, I learn from his vids. Down to Earth too.
@JamieYork3 жыл бұрын
Thanks so much! I really appreciate that ❤️
@thefizarsrblx Жыл бұрын
Thank you James. Good investment.
@JamieYork Жыл бұрын
Who's James? ;)
@lifewithjuliee62 жыл бұрын
Very nicely explained
@bachkwt2 жыл бұрын
Hi Jamie Just wanted to point out that you didn't mention taxes. It also might be worth mentioning management fees if you don't want to manage the property. Assuming taxes is 19% after mortgage because you're using a limited company ( [7,800-4,875] x 19%= 555,75) and management fees is 10% of the rent (780), you''ll get an ROI of 3.3%, which in my opinion is not attractive
@JamieYork2 жыл бұрын
Agreed! it is just to show the theory as the numbers are there to just help people understand :) I am more accurate nowadays
@adrianlawson63332 жыл бұрын
I guess the 15 % is just a guide to include voids , maintenance, Insurance etc or else the video would be too long.
@mrnoodles9035 Жыл бұрын
Brilliant video
@JamieYork Жыл бұрын
Thanks for watching!!
@mckeomat3 жыл бұрын
Just discovered and love your videos - thanks for sharing
@JamieYork3 жыл бұрын
Thanks for watching!
@Handydyitips2 жыл бұрын
Sorry my numbers are not adding up , also I don’t get why we are deducting 27500 to 40000 . I know 40k is what you have spend initially so my question is What is the 27500 figure?
@davidpenncollazos14112 жыл бұрын
Hey Jamie! Love your videos and the approach that you take to education. I am using them to inform myself on property, and the best way to go about involving myself in them. I've signed up to your Deal Sourcing/Packing summit coming up on 03/09, and have enquired as to your EPTA. Quick question, how viable do you believe BTL to be these days? I know that's an incredibly vague question, and you must get bombarded with similar ones on a daily basis. My reasoning is this: Following on with the calculation example you gave on the video, with a slight correction to the cash employed: £17,500 as opposed to £12,500 as stated in the video (mistakes happen c: ) And going on to account for the current hike in interest rates (possibly as high as 4% announced by the Bank of England yesterday). Taking your advice, and being conservative with my figures, I increased the 5% mortgage cost to 7%. Along with all the other costs in place, this example actually makes a loss of £195 annually. Of course, this is a hypothetical example, and there must be certain properties out there that are still capable of making decent returns while factoring in conservative estimates for costs. Just wanted to get your take on it, I suppose. THANKS!
@JamieYork Жыл бұрын
Cheers, thanks for watching! Glad the video helped you!
@s4mmu3l2 жыл бұрын
Do a video about Shared Ownership house? what are your thoughts in buying one as a first buyer? Love the videos, good stuff..
@JamieYork2 жыл бұрын
Great suggestion!
@mcduff19852 жыл бұрын
Great stuff !!!
@danieldam40294 жыл бұрын
Awesome video Jamie 👍 Would be amazing if everybody calculated it the same way🎉
@JamieYork4 жыл бұрын
Glad you think so!
@tijheer33134 жыл бұрын
Excellent video - very informative !!
@JamieYork4 жыл бұрын
Thanks!
@tarangrastogi2153 жыл бұрын
it should be 40k-22.5k=17.5k, not 27.5k. Hence the return will be 10% approx not 14%
@JamieYork3 жыл бұрын
Yep! My mistake!
@olitonottero76203 жыл бұрын
Very important point , thank you for sharing
@jt3052 жыл бұрын
hi what do you think of putting properties on air bnb
@samhoppe52833 жыл бұрын
Awesome thank you! Simple and easy to understand 👌👌
@cherylpeel64834 жыл бұрын
As a property newbie watching your video was so informative. Honestly, you nearly lost me at that net figure. I was wondering why I'd put myself through all of that for less than £1800 Net p.a.Yes I stayed to the end and got the very sound reasoning but damn, that number was depressing on its own. 🙂 Long view is definitely required and that's why videos like these are so important to learn from. Also smiled at the magically appreciating number...how human of you!
@JamieYork4 жыл бұрын
Thanks Cheryl
@scubacollie20833 жыл бұрын
But that net figure isnt real net because you need to pay tax on that at around 40% for most people starting out! Thats the stumbling block for us at the moment, we've got money to work with but once you factor in Mortgage, Management Fees, Tax, etc it's such a small amount of Net Profit that it's pointless being busy fools!
@justbannister4 жыл бұрын
Great video with great explanations, if the free stuff is this good, just imagine how good the paid stuff is!
@JamieYork4 жыл бұрын
Thanks Justin. Really glad it helps bud :)
@michaelcorran77662 жыл бұрын
Great video. However this video is showing return on equity (ROE) not ROCE. Capital employed for ROCE is total assets minus current liabilities, therefore includes all long term debts/mortgages. And of course equity = assets minus liabilities which is what this video's return is based on
@meivalai7242 жыл бұрын
Hello, Jamie. It sounds amazing. Do you think we also need to budget the letting agent fee for looking for tenants, building insurance and the rental income tax, etc?
@aleksandrabelousova5133 жыл бұрын
Thanks Jamie! Great and very clear!
@JamieYork3 жыл бұрын
Very welcome!
@wiseinvestments89423 жыл бұрын
Amazing video, well explained and full of valuable content!
@JamieYork3 жыл бұрын
Thanks! Glad you got some value!
@nardsmath35113 жыл бұрын
Great video, you have gained a subscriber!
@JamieYork3 жыл бұрын
Awesome, thank you!
@andrew85793 жыл бұрын
Tbh, I only come for how beautiful that whiteboard is
@JamieYork3 жыл бұрын
EVERYONE is jealous ;)
@fieldmouse19752 жыл бұрын
Is buying a guesthouse/hotel a thing you do?
@erntec4 жыл бұрын
Very nice Jamie, very good idea to start your own KZbin channel. 👍
@JamieYork4 жыл бұрын
Thanks. Hope you like it
@guilhermebento15473 жыл бұрын
Great content, mate. Keep up the good work!
@JamieYork3 жыл бұрын
Much appreciated!
@tonybrown67044 жыл бұрын
Thank you Jamie. Really useful and much appreciated!
@JamieYork4 жыл бұрын
You're very welcome!
@brabusmk2 жыл бұрын
So initially you get a mortgage and then how long after that do you get remortgage at the new value and get some money out?
@dominicflageul68663 жыл бұрын
The figures were incorrect 22,500 as opposed to 27500
@JamieYork3 жыл бұрын
I know!! I'm very sorry! I'm not quite Good Will Hunting yet
@lmceric843 жыл бұрын
Hi Jamie, thx for sharing this practical knowledge on property investment. But ur calculation seems to miss some expenses like the stamp duty tax, lender's fee, mortgage broker fee, legal fee. After including these fee the return would decrease a little bit. But anyway, you did a great job for newbee
@JamieYork3 жыл бұрын
I remember this video from a while back I did mess up the numbers a bit. Thanks for the feedback :)
@jamestilley58123 жыл бұрын
Hi Jamie, great videos. Could you do a video on interest only mortgages vs repayment and why most choose the former? Me personally am choosing to repay the mortgages so when I retire I don't have to worry about banks having a hold over you. This does mean I will end up with less property but owning all of it. Would be interesting to talk about what would happen if interest rates rise etc.
@JamieYork3 жыл бұрын
Check my latest videos!
@Yourhomegym Жыл бұрын
Great video Jamie
@JamieYork Жыл бұрын
Glad you enjoyed it
@stephantickner35602 жыл бұрын
Hi amazing videos so far just get my self to move to the next level. I am a 40% tax payer from a 9to5 job with two existing properties, both with over 50% equity in them. Can I invest more into property with little effort … understanding that it is a get rich slow strategy can I remortgage current properties to buy more; relying solely on capital growth. Thus remortgage 2 now, buy 2 more; wait 5 years… remortgage 4 buy 4 more and repeat 3 times??
@jayangli2 жыл бұрын
Thanks for doing these videos.
@fraserb81473 жыл бұрын
Nice content. It would be great see some more content on BTL for flats. You make a good point about additional costs( especially if there is an elevator) but are there upsides like low buy in, high short term yields, etc that might make them attractive to new investors?
@cbaron6023 жыл бұрын
Hi Jamie, New to this - great vid. I was under the impression that once you have put your 25% down on a BTL mortgage - done a 10k refurb - got the banks back in for reval - if they up the value from 100 to 130k - they would still want to keep 25% of that value so that they continue to have a 25% deposit? so i guess in this case - youve borrowed 75k they then say ok its worth 30k more - so 25% of this new value of 130k is 32.5k so we will keep that (bank keeps its as the 25% deposit) - and then we will give you the 30K (determind by the new value). I have this so wrong dont i! - can anyone simplify this for me if possible. Thank you - great content
@JamieYork3 жыл бұрын
Hey, yes if you've had a mortgage then getting a reportage you'll need to keep 25% equity in the property.
@jakes58413 жыл бұрын
@@JamieYork yeah I’m kind of confused by this so when you refurb a property and have a reval the banks give you cash if you wanted to keep the dep at 25%?
@michaelpalmer21922 жыл бұрын
The banks don't 'keep' the 25% deposit, it is just in the value of the house so if they had to repossess it there is plenty more value than the debt on it so they can get the debt back. You are in effect telling the bank you want to buy it from yourself so they value it at £130k and are willing to lend you 75% of that and you stump up the rest. So you now get to borrow £97,500 (leaving £32,500 equity in the house as it is worth £130k - that's the 25% deposit) and you 'pay off' the orginal £75k mortgage and some of the other orignal costs with what's left (£22,500, I think Jamie accidently had it down as £27,500) leaving you with a bigger mortgage but more cash to invest in another property. You now only have £17,500 tied up in this property as cash (original deposit, refurb and other costs = £40k - £22.5K extra borrowing = £17.5K) and therefore now need less extra cash for your next property purchase. I hope that makes sense!
@adamellistutorials3 жыл бұрын
Is there a spreadsheet for this? It is a 15 step calculation if not?
@Acarsfault2 жыл бұрын
What about investing in Student Units fully furnished ?
@DownToSouthLondon3 жыл бұрын
Great tips!
@JamieYork3 жыл бұрын
Glad you think so!
@sionoboyle21604 жыл бұрын
Great video mate. Definitely helpful for all those newbies out there trying to understand the BRR model and the return on their capital. Love that screen by the way 🌡 (Spotted your 5k discrepancy. I would be further out without my calculator thou so you done well hahaha)
@JamieYork4 жыл бұрын
Glad you enjoyed it. Calculated needed for everything next time!
@fififinance74694 жыл бұрын
Great video Jamie - its good to see some detail on the metrics that go into assessing the return profile on letting. I am a UK based property investor as well, and having a sense of these really makes better decisions which over the long term add up. Btw the chalk pen looks so cool to work with!
@JamieYork4 жыл бұрын
Glad it was helpful!
@paulgrant22614 жыл бұрын
Good video Jamie (slight correction needed in calculation: 22.5K needs to be subtracted from initial capital in, not 27.5K)
@JamieYork4 жыл бұрын
Thanks Paul, Yes 100% my mistake! Doh! I'll know better next time!
@saisatya1733 жыл бұрын
Jamie, there are british Iron and steel frame constructions and victorian 19th century constructions. Should we be away from them to benifit in long run ? Could you shed light in these areas ?
@JamieYork3 жыл бұрын
Speak to a broker about it all mate, if you can get lending easy enough, then others can and it wouldn't stop me buying at all :)
@nasirkhan-zd7ro3 жыл бұрын
Great video thank you
@JamieYork3 жыл бұрын
Glad it was helpful!
@tentimetex2 жыл бұрын
Could you do an episode: ''math techniques for every real-estate entrepreneur' please? ;-) @11:58
@Yikaalo233 жыл бұрын
Top top video!
@JamieYork3 жыл бұрын
Thanks!
@dardog773411 ай бұрын
Final figure is more than that because of compound interest ? Not sure I’m a bit hungover
@JamieYork11 ай бұрын
🤣🤣
@gmalandain3 жыл бұрын
Hi,there is an error in the calculation of the cash out. When you remortgage the bank will ask for an additional deposit of 25% of the borrowing, so rather than reducing your cash out it will increase it. You only take into account the additional borrowing assuming you don't need to add deposit but your cash out will increase from £40k to £42.5k (25% of £130k + £10k of refurbishment) which changes quite substantially your return on capital (4% rather than 14%).
@JamieYork3 жыл бұрын
Morning Giles, can you tell me what minute you’re talking about on the video please. When you refinance you don’t put in more money, you only take money out.
@gmalandain3 жыл бұрын
Hey @@JamieYork Sorry my mistake, you're right you don't need to put more money when you remortgage. However, when you deduct the additional lending from the cash you initially invested (minute 8/9), I don't think you can consider that the 22.5k remaining on the new loan after you repay the first loan is your cash as it's part of the new loan that you will have to repay at some point. So I would say the capital you have put in the investment is still the 40k you have invested initially.
@rhodthomas98832 жыл бұрын
Yep it looks to me also that the 22500 used is simply part of the remortgage and should be classified as debt at 5% rather than capital employed. Happy to be told otherwise though!
@Propofol12348 ай бұрын
Why are you taking the difference between the new loan ( 97k one-70k one) and subtracting it from the money you have put in the house??.
@NinaNina-jt6zp2 жыл бұрын
Haha this board is great 👍
@tommaher57094 жыл бұрын
22.5K to be subtracted from initial capital in, not 27.5K. Great video though Jamie
@JamieYork4 жыл бұрын
I knew I’d mess up something ;)
@tommaher57094 жыл бұрын
@@JamieYork lol.... You are human buddy. 😎
@thebritishinvestors89433 жыл бұрын
Very interesting thanks
@JamieYork3 жыл бұрын
Glad you enjoyed it :)
@SA-yw3ms3 жыл бұрын
Thank you so much for this information and all your videos really ❤️🤗🤗🤗 i need to ask the irrelevant question though 😅 what is the name of the screen/writing board you are using, please? 🙏🏻 thank you again so much ❤️❤️❤️🤗
@JamieYork3 жыл бұрын
Samsung Flip!
@SA-yw3ms3 жыл бұрын
@@JamieYork thank you so much ❤️
@h1e3n5r7y93 жыл бұрын
Great video, I feel you’re not trying to sell me something like other property youtubers! I’m looking to get into property investing so trying to learn as much as possible, I just have two questions I hope you could answer: firstly, is there a reason why tax isn’t taken into account on the ROCE calc? Additional or higher rate tax at 40/45% would reduce the 14% return to a more modest 7.7/8.4% ROCE (not including section 24 which would reduce this further) which is roughly the same as my dividend portfolio in my tax free ISA which requires much less effort. I appreciate you could go the Ltd company route but then there seems to be less mortgages available and it still isn’t in your hand personally Secondly, I like the idea of your exit strategy being death, however how do you intend to pay the capital down on the mortgages (as I assume interest only)? Is it just remortgage forever? Is this viable into old age when banks would be less likely to lend on long term mortgages? Thanks in advance for any reply it’s genuinely much appreciated
@JamieYork3 жыл бұрын
Thanks Henry! I do sell courses as well but there’s a time for that and I don’t like pushing. If people want it then they will ask. If not then I want to give as much value as I can for free. I never take account of tax as everyone has their own tax strategy, same as every other investment type. Eg higher tax payer vs lower vs ltd will be drastically different. There’s also loads of loop holes dependant on your structures. Section 24 doesn’t affect company purchases which is why most set up a ltd now to purchase in. There’s a wide array of mortgages available now as it’s the standard thing nowadays. Also, I wouldn’t get obsessed with ownership, as long as I have control of the asset and benefit from its uplift! Interest only mortgages and yes I’ll typically pay down some over time but only to 50% equity. The benefit of it being in a company is that age doesn’t affect it much as long as you have a proper succession plan in place.
@davidfortune67393 жыл бұрын
@@JamieYork great video, very informative. What's the benefit of not paying down over 50% equity on a property?
@michaewelina79833 жыл бұрын
9:28 shouldn't that be - 22500 ?
@JamieYork3 жыл бұрын
Yes I believe I made a slight mistake! My bad! :)
@craigfeather-moore2544 ай бұрын
Very helpful, but the analysis goes awry when you put a cash in figure of £12,500 into the equation. The cash left in figure is £17,500 (£40,000 - £22,500) which reduces the ROCE.
@JamieYork4 ай бұрын
I’ll trust your judgement, this was from 2020. One of the first videos I ever did. Cool that it’s still getting watched and thanks for the feedback 💪
@Propofol12348 ай бұрын
I dont understand how you got to the cash left in calculation or what cash left in means- please explain Thank you
@AAA199992 жыл бұрын
Think the worst property in the best area works in IMHO; thinks leasehold properties can be good investment, depends on the yield and area
@kaygmusic61352 жыл бұрын
Hi Jamie I was just wondering why you used 12,500 as the money put it into the investment when working out the ROCE, I thought that figure was the cash that you take out of the deal
@Witnessmoo3 жыл бұрын
Nothing beats London
@JamieYork3 жыл бұрын
Apart from Leeds ;)
@fr3d243 жыл бұрын
Love this! You mention you'll keep the properties until death (stay with me)- you assigned 5% for mortgage cost, I assume this is an interest only mortgage. Do you ever change it over to a repayment mortgage? If so, when do you think is an appropriate time? Will your children inherit the debt despite you owning it for 40+ years if its interest only forever?
@JamieYork3 жыл бұрын
Thanks Fred! Not really no, most BTL mortgages are on interest only mortgages. The reason for this is that capital growth takes effect and a constant refinances comes in. The ultimate aim for me is to have around 1,000 units at around 50% loan to value! Yes the kids will inherit the debt, and of course the asset value! Or maybe I'll give it away! 😉
@fr3d243 жыл бұрын
@@JamieYork ah I didn't think of the constant refinancing! Hope you had a lovely Christmas!
@NinaNina-jt6zp2 жыл бұрын
@@JamieYork wait sir... if you are giving away why do you bother to work so hard in getting them in the first place 🥇 I will leave to my children for sure🧸
@jamesparsons45333 жыл бұрын
fantastic video. Really appreciate your work. Could you also work out ROCE as a percent of your initial outlay? so for example... monthly income of 1100 on an initial outlay (deposit, admin fees etc) of 53000 would give a ROCE of 2.08% ... or would you work this out based on net income (so minus ground rent, mortgage etc)... so 1100-450 to give NET income of 650 = a ROCE of 1.23% Thanks again, hugely inpirational
@JamieYork3 жыл бұрын
Has to be net income but over a year. Not a month
@davidfalat43773 жыл бұрын
Where has the 27,500 come from, I thought it was 22,500.. ??
@JamieYork3 жыл бұрын
Yes I made a slight mistake with my numbers on this one :) sorry
@danigomb3 жыл бұрын
great. Thx
@JamieYork3 жыл бұрын
No worries my man!
@cjcunited3 жыл бұрын
Hi Jamie, thanks for the great video. Just wanted to ask what options are available if you aren't getting consistent rental income i.e people keep leaving? I imagine long term this would make buy to let quite stressful especially if you can't afford the mortgage yourself.
@JamieYork3 жыл бұрын
I'd be looking at the attractiveness of the property and what demographic I'm attracting. If you're not happy with what you see then I'd be maybe looking at getting rid or changing something to attract the right sort of tenant
3 жыл бұрын
Hey Jamie, this was greatly informative. I do however have a few questions. So as far as the mortgage, is it an interest only mortgage or a repayment mortgage you go for? Because if it is interest only, I don't really understand how you can benefit from the capital gains unless you have the money in the bank ready to pay the remaining balance on the loan once the mortgage is over. Is it that you keep refinancing? Also, when you generally buy a property, how long of a term for the mortgage do you go for? Cheers
@JamieYork3 жыл бұрын
Hey Queef, great question! I always go for interest only to increase my cash flow. On average house prices increase by 5% year on year so if I bought a house for £100k the following year it should be £105K then £110,250, £115,762 so in theory the property should £218+ in 15 years and if I sold it then I'm gaining £100K+. Obviously the market might dip or rise but over time property as risen. Term of mortgage will vary depending what the best deals are at the time.
@rebeccaparker97033 жыл бұрын
Not sure you’ll see this message as the video is a year old but… Why do you put 25% in to start, could you not use a 10% deposit on a home owner mortgage then after refurb switch to a buy to let mortgage at 25% deposit so you don’t need so much cash?
@JamieYork3 жыл бұрын
I see all the messages and try to reply to as many people as possible! 😊 grey question. With buy to let, you have to put in 25% deposit with almost all of the mortgages
@comeonman74232 жыл бұрын
Thanks very informative and some serious maths there! Only thing is doesn’t refinancing mean you will break your mortgage terms and conditions?
@JamieYork2 жыл бұрын
You just pay off the current mortgage with another mortgage
@Datboyraj3 жыл бұрын
What are your thoughts on off plan investments with 7% net yield per annum with strong capital growth prospects?
@JamieYork3 жыл бұрын
I will never buy off plan. EVER. 😊
@MrSamuelyuen33 жыл бұрын
Thank you for the great videos. Can you please comment on whther the orientation of the property might affect a BTL investment? How important is a south-facing property to tenants in Leeds? Would it affect the capital gain? Thanks.
@finlaycopland71543 жыл бұрын
This is quality video with valuable information, I’m new to this. So can you get a mortgage for a buy to let, and then refinance again. Or does the first initial purchase have to be investor or bridging loan.
@JamieYork3 жыл бұрын
No you can buy a property with a mortgage straight away but if you are a cash buyer then you will usually get a better deal
@G-MAN733 жыл бұрын
how can i raise money to invest. i have a mortgage with 50 000 equity, That would be my deposit on another buy to let, How do I get a second mortgage. Also what do you think about a bridging loan to flip houses?
@JamieYork3 жыл бұрын
Refinance the current mortgage and pull some capital out? Be careful though you want to leave some equity on the property. You could look at raising capital from investors by giving them a sweet deal on their money. We use bridging loans sometimes! Knowing what is best to do in every situation is key
@hangknowles31975 ай бұрын
What is the paid education you are offering? I am interested
@JamieYork5 ай бұрын
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
@lukewilliams78603 жыл бұрын
Really enjoying the content! What's the benefit of the refinance and taking on a larger debt after the refurb?
@violafeng93493 жыл бұрын
Thanks, Jamie, it is a great video! When BTL mortgage reaches its expiry date (let's say after 25 ys) and you don't want to sell the property, how are you dealing with the capital of the mortgage?
@JamieYork3 жыл бұрын
Refinance the property again!
@violafeng93493 жыл бұрын
Thanks Jamie!
@delboydad52332 ай бұрын
It was 22.5 K. Not 27.5 👍.. = £7,500. New here apologies if I’m wrong 😑
@carni94763 жыл бұрын
Why would you say leaving equity in a property is most advisable when considering refinancing? If you’ve got for example 50k equity that you’d get when you refinance, that’s the mortgage paid off and extra cash to use for the next property. Then just find the next one at hopefully BMV then just keep snowballing with rental cash flow etc, am I wrong?
@JamieYork3 жыл бұрын
Great question, you're not wrong at all. It's all about finding that right balance between leveraging, but NOT over leveraging, to protect the downside
@simon75uk3 жыл бұрын
Very useful vid mate, subbed! So ROCE is a very interesting indicator, what about cash on cash return? I look for about minimum 20% cash on cash return as a good indicator.
@JamieYork3 жыл бұрын
ROCE is what I use for everything!
@michaelfogarty58942 жыл бұрын
What about stamp duty
@JamieYork2 жыл бұрын
Yep that still applies in most cases
@mikemcfarland6293 жыл бұрын
This is a great video Jamie, thanks!! Quick question, do you wait until the end of the mortgage deal to refinance to avoid early repayment charges or is this a consideration when choosing the buy to let mortgage offer? Cheers!
@haydentrudgill9 ай бұрын
Some BTL mortgages won't allow you to refinance/remortgage within 2 years. Definitely important to establish that before agreeing to one. I would look into bridging loans to counter that particular issue. What they do is give you a loan on the PP + refurb costs. Once you've refurbed, they will then give you another LTV on the new value of the property. So, essentially, they see you the whole way through the process. Makes things a bit smoother. Helps that you're dealing with the same lenders in my opinion. Now, of course, just like anything else when investing, it comes down to numbers so see which one works out cheaper but also factor in how much time will be spent on each scenario. Hope this helps.
@Wellthatsproperinteresting3 жыл бұрын
jamie, great content. quick question. would you ever consider paying chunks off mortgage at the end of term or penalty free during term. i understand the cashflow side of things but surely if you have the money available why would you not want to reduce the monthly mortgage costs and increase equity at same time? is there a video you have on this already?
@dmitryzenkov63963 жыл бұрын
Nice video, but you know you have added £5k out of nowhere at 9:25.. So your ‘cash’ is gonna be £17.5k not 12.5k.
@JamieYork3 жыл бұрын
Yes! I made a mistake!! 🤦🏻♂️
@dmitryzenkov63963 жыл бұрын
@@JamieYork no worries, it just further means that your ROCE is 10% in what I think is a VERY optimistic scenario. I think the reality on the ground is more like break-even ROCE of around 0% while the actual benefit of BTL derived from the capital appreciation alone. But in order to realize this benefit you need to sell off (flip) or at least drive the LTV down, which you cannot do with an interest-only loan except the initial mortgage term only where the LTP jumps down to LTV. Hence we’re entering the world of capital mortgages. I would be interested in your opinion on them vs interest-only which you seem to favor.
@delboydad52332 ай бұрын
Is 23.4% ROCE. Correct ?? Starting my learning journey here, Please inform me if I’m correct 👍.
@bogdanalexandrescu19942 жыл бұрын
EDUCATION
@JamieYork2 жыл бұрын
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)