What to look for in an INVESTMENT PROPERTY | Property Investment UK | Jamie York

[@JamieYork]

What do you look for in an investment property?

[@shaunwragg2508]

Hi Jamie. Do you still do refurbs in less desirable areas and can you still get a decent return?

[@odysseasv7138]

Way before I show interest, I would look at the rental yields as a rule of thumb and if satisfied I'd go ahead with all the steps you just mentioned in the video. Still need to work on the exit strategy though and on adding value (as having no experience on that). Great vid.

[@carl7445]

Just saw a bus go past in the background window!! Learning loads from your videos. Thanks mate!

[@tanyaedwards278]

Great tips as usual Jamie. Love the bloopers at the end. Have to say, I was slightly distracted by Dan, waiting for him to do something embarrassing in the background.

[@JamieYork]

You and me both!

[@gavinmackenzie5240]

Great video Jamie. Loads of value to help us all on our way!

[@JamieYork]

Glad it was helpful! What did you get the most out of it?

[@ekeminiekong2813]

Thanks Jamie, some great info here. A wonderful follow up to my "know your area" comment/question on the KMM video

[@JamieYork]

No problem at all Ekemini! Really glad you're watching multiple videos, I really hope you're getting value from them, AND of course it helps with the KZbin algorithm ;)

[@cherylpeel6483]

Thanks for the important tips. Great reminders to research, know the area and the numbers.

[@JamieYork]

It is the fundamentals for every investment no matter the industry

[@AndreasP10]

Brilliant video. You've really covered all the important steps here I think!

[@JamieYork]

Glad it was helpful!

[@rhystar1]

Really useful content to consider. Particularly liked your ROCE breakdown which was very clear.

[@JamieYork]

Glad it was helpful!

[@The1Satnam]

Great Tips and explanation of ROCE !! thanks Jamie!!

[@JamieYork]

Thanks Satnam! What ROCE Do you want?

[@sionoboyle2160]

Great tips all round there! Liked the out takes at the end too 😂

[@JamieYork]

Nobody is perfect ;)

[@craiglourdpropertiesrd9278]

Great content. Also liked the out takes.

[@JamieYork]

This seems to be a common theme! I am human after all!

[@JenChan]

This is great - thanks very much for sharing, Jamie. What are your thoughts on purchasing new-build flats, especially ones in London and/or Manchester? Would love to know.

[@JamieYork]

No problem at all Jen! Really glad you're enjoying the videos! I think new builds CAN be great. However, you NEED to take account of the naturally inflated rates advertised that will be supported with the 'new' affect... which drops off in the first couple of years. It can still make a great investment, but I'd be looking at the developer. Are they well known for a high quality product AND are you looking to hold for the long term? If you're looking to exit in 5 years or less, I'd be wanting a very healthy discount to their market value to factor in the dip from new build to resell. Let me know if that makes sense. More than happy to answer any questions you have around this!

[@JenChan]

@@JamieYork Thanks Jamie - appreciate your input! I think what you said makes a lot of sense. I suppose it's also a matter of weighing up that 'peace of mind' one would get from buying a new build - given less maintenance and refurb complications, vs shouldering that extra cost re ground rent and service charges etc, which can be mental in a place like London. Currently looking at BTL flats in Reading/Slough/Cambridge! :)

[@superdannyj]

Below market value, easy to add value, minimal renovation to maximum value add, demand for property type spec. how new flooring/boiler/electrics

[@JamieYork]

Thank you!

[@yuzeng2138]

Really appreciate the info you shared, however, can you please clarify how the number works in the numbers section 12:52? Initially, you mentioned the property was bought with cash, then you listed the mortgage and interest, can I know what 93500 is for?

[@JamieYork]

No problem at all, really glad it added value to you! You're 100% right, I got this with cash. However, once I added the value, I refinance the property at the new, higher, value to pull money back out, 93,500 is the mortgage amount, account for 75% of the new market value, the rest, 25% needs to be left in as equity on the property

[@pauldevereux6733]

@@JamieYork hi Jamie, you may wish to check your net cash figure as £750 minus £280 equals £470 not £370

[@MissAgraffka]

Great vid, thank you

[@JamieYork]

Glad you enjoyed it

[@shanifsmartt7077]

Cash is king, cashflow is queen

[@JamieYork]

You're not wrong

[@DownToSouthLondon]

Great things to consider

[@JamieYork]

Thanks!

[@karate4life812]

Thank you very much Jamie! 💪🏻

[@JamieYork]

My pleasure! What did you get the most out of it?

[@keeleysimpson5703]

Thanks for the advice. How easy is it to refinance? If I was to renovate 4 BTL properties at one time would I need to wait and re-finance each one separately? What do I need to share with the lenders? Thanks!

[@JamieYork]

Great question Keeley! As with most answers around this sort of thing, the answer is: IT DEPENDS! If you are splitting the leases on these 4 buy to let properties, so looking for them to value as 4 separate properties then YES you would need 4 separate remortgages. That being said, I would still advise looking at a lender that would undertake the refinance on all 4.... with only 4, it's very unlikely that they would see it as a risk to market so shouldn't impact values. Also, it's the same set of legals (pretty much) but 4 times over, which should really help expedite the process 🤓 Let me know if that answers your question 😀

[@keeleysimpson5703]

@@JamieYork really helpful, thank you. I appreciate that you can share the reality of the whole process 😀

[@marcus8445]

Hi Jamie loved the video, can you just clarify at 13.05 if that was a mistake in the math or if I’m missing something many thanks !! As I’ve done it as gross rent 750 - mortgage 280 = 470 net. Thank you in advance

[@JamieYork]

Correct!

[@marcus8445]

@@JamieYork thank you Jamie ! Your channel has been helping me so much. Can’t thank you enough for how much content you’re providing with no catch.

[@htcproperty5886]

Hi Jamie, with ROCE do you include your sourcing/ packaging fees, so CE is everything put in? I know lots of people who don’t and do which creates a grey area around what ROCE includes

[@JamieYork]

Hey Harry! Thanks for the comment! Yes, If I'm putting forward this investment approach when packaging on a deal I try to include everything possible. The only thing I tend not to include is tax as each individual will be getting their own tax advice which is out of my control AND with the mortgage I make it clear that 75% loan to value and what percentage is based on our research and there's no guarantee that THAT is what the investor will get, as again, this will be down to their personal situation! Hope this helps mate? Really hope to see your comments in further videos :)

[@htcproperty5886]

@@JamieYork all good, exactly what I do. Just seen a couple deals out there where sourcing/ packaging fee isn't included, never understood why that is

[@bearoflord]

Great job

[@JamieYork]

Thanks Rachel!

[@eamonhannon1103]

Jamie , does still work in 2023 with high interest rates and especially being able to get access to finance where stress to testing will be applied to rental income ?

[@JamieYork]

Yep, but not very well down south atm unless you are happy with a lower LTV

[@robertwhite5666]

Would you recommend buying a property at auction?

[@JamieYork]

I would sure do! But you need to make sure you know your numbers, what is the most you want to pay? and make sure you stick to it! You make your money when you buy it so don't get carried away!

[@cheskagarado2515]

Your hair suits you in this video.

[@JamieYork]

Thanks very much 😊