Making Profit On My New House

[@Dailydoseofshock]

Yianni asks the best questions to make it very clear for everyone 👏

[@ReimaginedAudioCinema]

Thank you Yianni on being open and transparent on this journey, I have learnt a lot here

[@Y14nny]

🙌🏼

[@Fry_Plantain]

I really appreciate these types of videos from yang. From the interviews with the wrap customers about the nitty gritty to the honest convos about money. Lots of KZbinrs only focus on the Flash and glamour and intentionaly leave out their low points to keep the facade running but these are refreshing.

[@TerraRyzin10]

Who is yang?

[@jonathanlinsley8430]

So so many priceless questions asked, and answered there! Priceless conversation here

[@teddy6888]

24% Capital Gains Tax from 6th April 2024. Don't jump to the limited company setup until you consider how you are going to scale up and manage the assets.

[@hassanrashid5816]

So if your plan is to just have 1 -3 properties is personal better and pay the tax?

[@lyonheirholdings285]

@@hassanrashid5816 No what your better off doing is going limited, collect the rental income, but use this to pay down the debt each year instead of collecting the profits. Then after 5-6 years of doing this remortgage and release the rental profits plus the assets appreciate as a remortage loan. Then reinvest these funds with zero tax liability as this money is borrowed you dont have to pay tax. This a Btec tax invasion lesson which is perfectly legal.

[@jerryrawlings8885]

@@hassanrashid5816 With a job 3 properties will put you in the higher rate tax bracket of 40% you will pay alot of income tax so maybe not a good idea go limited company you need to hold property for a long time get as much profit from rent that you make your deposit back then sell when you have nothing to lose hopefully everything to gain.

[@jasonpatterson365]

A nice short series on property investing, 1 more to go in this series. I enjoyed it. 👏🏿👏🏿

[@Y14nny]

Thanks

[@CoupleMs]

Top man Yianni, genuinely appreciate the info! 🤝

[@Y14nny]

🙌🏼

[@LordBeezy18]

Really enjoy the videos about your other business ventures outside of Yiannimize. And appreciate you being open and transparent in the process.

[@cephasmakuzva]

Very informative and you ask all the right questions so we get a full understanding and explanation.

[@grantfergusson-hx3fp]

Nice to see a fully transparent breakdown 👍

[@nikpatel1022]

So some good points here, however, not all precise. Tax at 19/24% is dependent on T/o. LTD Co. Is not for HODL only, the LTD Co. buying also needs to be understood better as there are reasons for doing this in personal name (rates/LTV) are some reasons why. LTD Co. Lending is also more stringent and the due diligence is far more intrusive then a standard off the shelf loan. Stress testing is correct and we do this as a bank. This can be blended and the DSC & ICR can be flexed. There is also the valuation VPV that has not been aired.

[@CharcoalX_Burner]

Well done, nice job 👍🏼 Thanks for sharing your journey 👍🏼

[@willoates1258]

VERY few people are actually better off holding property in a company. Yes, headline tax rates are lower and yes, you get tax relief on all your interest but as soon as you start drawing money out of the company you can easily end up paying more tax. Plus mortgages are more difficult and more costly for limited companies to get. BE CAREFUL!

[@tirfi_i2264]

Yianni is the most humble guy ever thanks for this video lots ideas gained. Thanks 😀

[@MrAmrit2012]

Very good video however Neil has got the figures wrong at 10:40. He says the mortgage payment of £1090 in 2019 was interest-only. At £1090, it was more likely a repayment mortgage. Interest-only for a £195k mortgage at 4% would have only been around £650. So it’s not just a £200 increase as he says at 11:00, your mortgage would have doubled (if interest only for both mortgages)

[@aweston4865]

Limited company mortgage rates are very expensive currently with thousands required as a product fee in most cases. Profit margins not so good. Fyi shared ownership and help to buy doesn’t apply to buy to let.

[@aweston4865]

Need about 2.3k rental income p/m to service a mortgage of £337k

[@paulharrison7968]

Property does look awesome. The way this process has been explained is very informative for those that don’t know. Yianni has a unique style and is very authentic, let’s see more different topics with his view on things. Excellent

[@uwaispatel1354]

Homes under the hammer yanni addition 😂. Love it

[@samdub]

Fair play to you Yian putting these figures out there. Shit should be taught in school

[@zain.al1]

The 2019 mortgage was surely a full repayment - on interest only, 195k at 4% should be 650/month

[@Y14nny]

Was suppose to say based on the variable rate not 4%

[@UndisputedOne1]

Thanks Yianni Much appreciated for this knowledge

[@HenryLancaster-x9g]

Good video, Yiann for those who don't know you should explain pulling the 195k out upon re-mortgaging and what tax needs to be paid - should you put that 195 straight into the 370, meaning you'll only be borrowing 175, plus your deposit, and whether you avoid taxes by doing this etc. This is the real benefit people want to know about etc.

[@hassanrashid5816]

Don't think you need to pay tax of financed money as that is the beauty I believe. I could be wrong

[@RAFIKIEI]

@@hassanrashid5816That’s true. You don’t pay tax on it as it’s deemed a loan.

[@iyaboa8182]

Thanks for this informative video, Yianni 👏🏽👏🏽.

[@davedavies-it5wd]

Good thing about a limited company is you can claim the interest payments which they front load for a good few years at least. Reduces your tax bill. Thank you for being transparent great video and you def got a bargain in 2019. Look forward to the next one 👌🏾

[@hassanrashid5816]

They always front load you every time you remortgage and or fix your rate?

[@jarrydganaspersad6154]

Watching from South Africa and its interesting to see the differences in the purchasing of property between the UK and SA

[@guljitsohal2281]

Really good video full of useful information for new landlords. Well done on your achievement

[@ravindersembi3955]

How much did it cost renovating the property? i guess that needs to be taken out of profits?

[@pharoahkenun999]

This journey encourages people to invest in run down areas which in exchange helps the area improve as love & attention can transform it for the better

[@daveharrisonjnr]

I started my property journey from buying my first property from local authority and I got it for next to nothing so I was lucky enough to get it for next to nothing!

[@Johnson-ce9yr]

I’m loving these types of vids Yanni

[@benjolly354]

You should be proud of yourself and what you've achieved! Top man 👍

[@oasdfe1691]

Amazing video Yianni, also a prime example why houses should be restricted to 1 per person. Imagine if we did that, we help all of us get something

[@karjuntsang6365]

Help to buy equity loan has finished but shared ownership is definitely the way forward if your income and deposit is low, and cannot afford to buy in the open market

[@OGH880]

Thanks for this video Yianni. Very informative

[@Andy-uf8jq]

A good video that explains heaps in a clear way, mortgages can be a minefield, especially if your circumstances aren't the best, but a good broker can get you access to products not available directly. Shop around for an advisor/broker and dont be afraid to pay a fee, you’re potentially about to handover your life savings.

[@amreeksingh4448]

Thanks yanny for breaking all this down, great to see you and your associates really explaining this market and letting us know the pros and cons. 👊👍.

[@Y14nny]

🙌🏼

[@nevaloseheart]

Really informative. Like these property videos. 450k is insane. London prices are ridiculous. Edmonton too 😂

[@tntwentyone2951]

Edmonton £450 k crazy. It's a dump of an area

[@drn3081]

I can't lie, When Yanni uploaded his first video on the home, I was initially against it as HBO, and I work with people who are homeless and are given HBO in disrepair. I must Say I was wrong to judge and even make a comment in that first video. Yanni has been transparent and open about these episodes, and I just want to apologise to Yanni for judging and in some way being a hater. All the best Bud

[@Y14nny]

Appreciate that message 🙌🏼

[@craigclough]

Fair play.

[@8ox1ngk1ng2]

Great video Yianni keep on them coming

[@Peter_Howard]

Interesting, thanks, Yanni. The place looks much better.

[@DarrenLissaman-gw4jf]

Another watchable video 😊may I make one point, personally even shared ownership is out of reach, ok to only have half the deposit and obviously a lower mortgage but don't forget you have to pay rent to the other owner which easily adds 5-700 a month dead money

[@wrth]

how does the interest only mortgage work with this? what do you do when you get to the end of the term and have to pay the lump sum?

[@buffeats6059]

More than likely your property would have gone up exponentially, so you would just pocket the difference of what you owe the lender.

[@wrth]

@@buffeats6059 so at the end of the term you’re selling the property and paying the original capital back. is it worth waiting all that time compared to flipping the property immediately after refurb? seems a bit counterproductive especially given how overvalued houses are currently and market is forecast to drop in the next few years.

[@Andy-uf8jq]

At the end of term you'd be moved onto a bog standard verible rate mortgage paying both interest and the debt, people should (but often don't) remortgage into a better deal based on the (hopefully) increased value of the property.

[@SM-pr1qt]

Yianni teaching us more than schools and colleges ever did

[@skshowrov2346]

Really really want to know about young people buying flats/maisonettes with share of freeholds, just to get on property ladder. What are the pros or the cons of these purchases, based on equity and as a plan for buy to let in future.

[@mikalthompson9874]

i love this series!!

[@RJDBlink182]

where i live that would be worth 80k.. no wonder people selling up in london and moving up north

[@Chappati]

Thanks for this Yianni💯

[@AkeemNGU]

Good deal. Looking forward to the next one

[@wptglobal1]

How do you make the payments on the multiple properties you have? Do you have monthly direct debits from your personal account every month? Do you have a company that pays it all? I’m intrigued on that side of it too

[@81lifesgood]

can i ask the builders info who did the renovation?

[@MitzProductions]

Appreciate these type of vids Yian

[@homevision1141]

Can you tell us what was the products fee ?!

[@GTX1000000]

Great video, but just one thing...£195k original mortgage at 4% interst only is only £650 per month not £1090 unless I have made mistake, this is not ment to be a dig just wondering if this is correct. Keeo up the great Videos as really enjoy watching your journey

[@Y14nny]

Was suppose to say variable rate was our mistake on the video

[@SM-pe1lz]

Hi Yianni. What's the level of rent you're achiveing? It would be interesting to know the rental yield and return on investment. Thanks.

[@HappyViewer1234]

LOVE THE CONTENT!

[@jdas03]

Aside from mortgage what are the other outgoings? Assume management fees? I guess you don’t do it for the rental fees more the capital increase?

[@ChokyoDK]

This channel should be called Yianni (Ashville 2) 😂

[@th3pass3ng3r]

Perfectly highlights what is wrong with the rental market. People who have money can rinse the poor, make them pay rent forever and they will never own anything. Shared ownership is a con. However it is the perfect investment, for who can afford it.

[@OJM129]

Where would people live if it wasn’t for landlords?

[@buffeats6059]

@@OJM129 I think the point he's trying to make is that private rental rates are extortionate. His rental prices make it harder for people to save, therefore to purchase their own properties. It's like a trap for those who cannot afford a lump sum for a property deposit.

[@th3pass3ng3r]

@@buffeats6059 yes, the landlords themselves are not the problem, it is good for the economy and I am happy for their success, but the prices can be set to anything, because it's in private hands mainly. Similar to railway companies.

[@myYouTubechannel123]

Very informative and good straight advice

[@DP11LLP]

Where’s the coco pops box gone 🤣👍🏻 jokes aside the lads have done a great job with the refurb.

[@tylerfayosephotography]

“Bank of mum and dad” if only we had that when buying our first property 😅

[@TrueGenetics-z9h]

He has actually done it him self

[@agigeorgiou5601]

Very jealous 😮

[@U-ci9qr]

Stop complaining there’s nothing in the west that’s stopping you from fulfilling your dreams people from third world countries have it the hardest and pull through. You have no excuse.

[@Y14nny]

@@TrueGenetics-z9hhe was not coming at me more repeating what Neil said lol

[@TrueGenetics-z9h]

@@Y14nny Thank you my brother I actually stood up for you, I am glad you realised, these people need education urgently lmao 🤣. Congratulations on your success ❤️

[@jersaunders3538]

Great video and breakdown of price, I am buying abroad this country has gone to the dogs.

[@TheoFennel]

Nicely done, I just wished the local council worked more with property buyers and developers to get ppl who cant save that £30-40K to buy a hoiwe or even £10K can be difficult for many when they have children snd other out goings to pay.

[@MarlonKingShow]

I did shared ownership, was able to scale up to 100% ownership within 5-6 years. Worth it if you can do it.

[@calirun1]

So £700 per month income after mortgage cost, before tax, maintenance, agency fees, void periods etc. is it really worth it?

[@macdavies539]

How much was initally invested before profit can be quoted?

[@MrAidanfleming]

450k, not a chance would I pay that 😂😂

[@jordanhall7424]

Who the FUCK can rent a home for 2 grand a month! Absolute liberty these rents are taking the piss BUT!1 it’s a good way to earn money so yeh yian is on a win win and fair play to him he’s clued up wish you all the success 🎉🎉🎉

[@CuppaLemonTea]

apparently its gonna be paid by the council But still crazy yea. I was shocked to hear the cost of the mortgage in interest alone, I could never imagine paying 12k a year on only interest thats crazy

[@kenwyatt8586]

Why did you take out a variable rate mortgage in 2019 ? Was it the best option £1098 a month seems a lot for borrowing £197000 on interest only, Not a dig just interested

[@JabzAmd]

Man has Finance jacket lol

[@BOSS_61]

He be changing the thumbnail more then one time 😂

[@tylerfayosephotography]

Interesting 👏🏽👏🏽 good to know re going via the limited company when doing buy to let

[@Y14nny]

Yep yep bro

[@ccscompletecleaningltd]

It dosnt cost £200 to open a limited company. Set the Ltd company company up by yourself for under £100 then get an accountant to do the other stuff other that that good advice

[@notoriouscab]

Watched all the episodes. Unless I missed it, was under the impression you’d only recently bought the property, not 5 years ago……. Not cool leaving the property in that condition that long. Fair dooos to the finished article though

[@mirajali4144]

Do more of these videos bro.

[@derekcharlton6001]

Top man yianni 👏👏

[@smi1er]

Great informative video, but don't be so quick to jump on the company wagon. Also with S24 out there an alternative is to pay down those mortgages so debt reduces, there are just as many LL's out there who own properties outright rather than having 75% of their portfolio tied up in debt. Great refurb btw

[@GenaF]

Very interesting stuff.

[@stigonetv58]

Looks beautiful❤

[@alancobbin]

Looks awesome,if the final bill was £100k ya still on top Yiann👍💪😉

[@aviendzoneyt8563]

£450 thousand is crazy 😮

[@christopherfluck4025]

You obviously don’t know of Yianni my guys minted 👌👌👌👌 he dont need mom and dad apart for cuddles ☺️☺️

[@charleygilbert3797]

Are you coming this year

[@ShaytarnOffical]

Real Estate & Cars 💯🔥🔥

[@chamamemestre]

Advice: take those 450K pounds and literally buy a mansion with hectares of green space in Poland, in a nice quiet town.

[@lawrencer25]

❤❤ Dont have to worry about neighbour's as most of them are on England 😂😂😂😂😂😂😂

[@SK-xg9rs]

@lawrencer25… back to school mate, Poland has about 40 millions of citizens, 680k poles are actually in UK, fake news are base for anyone buddy.

[@noshah11]

Where is the aventador

[@aqibfarooq1281]

Get Daniel Asheville to do a rate my refurb

[@l-km6475]

Great video, just quick advice for whoever needs it you can set up a company for free yourself!

[@buffeats6059]

To think that accountants chare £100 - £300 to set up limited companies is an absolute piss take. Takes 20 minutes to do yourself on .gov.uk website.

[@DDMusiic]

Anyone know if Justin still works for Yianni? Noticed he was with Kon a couple weeks ago filming with the sidemen

[@JakeP-bb5hh]

Would be sooooo sick for a subscriber to rent this place! Someone who genuinely is sound and could do with the property. Like the giveaways maybe half rented. Housing is so bad these days and to help someone would be good.

[@adamali2886]

low interest rates and high immigration is what has caused the housing crisis

[@lawrencer25]

Really .. What about all the scummy people and work shy people 🕴🕴🕴🕴🕴🤦🏽‍♂️

[@lawrencer25]

Mortgage = Debt . Doesn't matter how you look at . There is a reason landlords have sold up .

[@luckyluke8052]

£450k ??? People lost mind 😂😂😂

[@lawrencer25]

🤦🏽‍♂️🤦🏽‍♂️ You do get a pair of stab vests with the sale , bullet proof glass and steel front doors 😂😂😂😂

[@JJ93420]

A can’t get over u paid 270.000 for that a would have thought 95.000 tops never mind it being nearly worth have a half a mill. A don’t know Tottenham as am from Glasgow but that’s nuts scary crazy money if ur spending that much money up thier u could get 3 decent houses near Glasgow should invest up this way lol make dolla or two. Any ways bless u yanni and enjoying the content

[@ruksanabegum5211]

What about capital gains ?

[@Andy2885]

Were you still receiving rent from your previous tenants while attempting to move them out?

[@jasonsarpong1]

I’d assume so

[@GenaF]

Can i ask why you couldn't get the tenants out and how you eventually managed it? I didn't realise you had owned it for so long

[@Y14nny]

Needed to re house then and would not put them on street so had to wait for a suitable property to come available.

[@GenaF]

@@Y14nny Such a long time though

[@Andy-uf8jq]

​@GenaF I'm certain it was mentioned they were housed by the council, it takes a long time for a suitable place to become available

[@liamsxa]

you need alot of money for property and the fees and regulations are so bad its driving landlords away and prices through the roof

[@ziafortube]

This was very good even though my mrs sat next to me and like i already know all of this but good for me though

[@Y14nny]

Ahhaha

[@JuniReacts]

in south africa this would probably go for 80K