How to find BELOW MARKET VALUE Properties | Property investment UK | Jamie York
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- čas přidán 20. 09. 2020
- how to find below market value properties is the key element to any property investment journey. Finding property at below market value is the dream but where can you find them? I've been dealing with below market value properties for over 10 years and I want to give you the hints, tips and tricks I use to find below market value properties.
Property investing in the UK is an uncertain strategy from now but there are still techniques which we use to find below market properties to make sure our property investment plan keeps on progressing
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Hope you guys enjoyed this video! I'm definitely going to expand around direct to vendor marketing for you 🤟🤓
Spot on videos and extremely informative.
Looking forward to a couple sessions on FB ads. Nice video, Jamie.
Exellent Jamie! yes please, more D2V technique video will be good to execute for those BMV deals. FB ad videos will be equally highly beneficial.
Just watched this now 9 months late!! Jaimie this is gold mate!!!! Thank you
Many thanks Jamie, learning every single video from you ! well education 👍👍👍
My pleasure!
Spot on video and great overview.... lots of little gold nuggets to take away- content explained really well. Consider me subscribed!....Nice one Jamie :)
Thanks Steve, I really appreciate it! Glad to get you Sub ;) Hope you enjoy my other videos just as much!
Love your unselfish work 💪
Thanks Zach! You've got awesome content also!
Great video Jamie, really looking forward to seeing more on Fb ads
Coming soon!
Excellent content. Looking forward to the follow ups
Thank you!
Great video - direct 2 vendor deep dive would be great. Thanks x
Great suggestion!
Really helpful, will look out for your FB video. Thank you Jamie!🌻
Glad it was helpful!
Good video Jamie especially for beginners in this space as it will get you going. I've got a cash buying company called Property Buyers Today based in Lincoln and we work nationwide, we have bought circa 82 properties now and I'll mention that out cost per lead comes in at around £1796-£2,230 but our criteria is a bit stricter than 20% BMV generally so your numbers looked light for cost per acquisition. A lot of our marketing is driven via FB and PCP. Good insightful all round video nonetheless
Thanks Saif. Glad it could add some value. Especially for those at the beginning of their journey. When you say per lead, do you mean per deal? I’m guessing we’re meaning a different thing for ‘lead’ By lead I mean someone’s details and confirming they are looking to sell. Not an agreed price. Hope that helps clarify. Have an amazing Christmas!
Great video. Very helpful
Glad it was helpful!
Another great informative video.
Glad you enjoyed it
Excellent !
Glad you like it! Thanks for watching!
Great info Jamie
Glad you think so!
Great video Jamie, and impressive Maths :)
Haha, thanks mate... was almost certain I'd gotten it wrong! ;)
Thanks for the content bro👏❤🏘
My pleasure!
Hi Jamie, great content as always! I wondered if you had any advice on my current situation? I currently have two properties, my residence & a BTL which I have had a number of years now. I have 70k+ equity in the BTL which I want to put to better use, but I'm unsure if I should be looking at more BTL's or flipping at this stage. Ideally I want to start slowly and look to get one more property in this year and ramp up from there hopefully. I think the ideas in this video are great, but maybe for someone who is further down the line than me. Should I keep it simple to start with and be looking at properties via the 'normal channels' estate agents etc?
Intresting stuff
Thank you!
Maybe this is a stupid question but for method 2, DTV, how how do you obtain the addresses of the Vendor? I know you can go on the map / street view but I the actual addresses of the vendors /property aren't on rightmove / zoopla, are they? Also, can you link us to the videos you mentioned in the one regarding the deeper dives into these method. Fantastic content btw Jamie....thank you, thank you thank you!
i love your art
Thank youuuu!
Thx
Can you provide an example of the leaflet
BMV is the strategy I would use in the UK. It would be interesting to see more of the negotiation strategies and how you first approach the client when presenting an offer to them, with or without the estate agent involved. What are the regulations required around this for the person sourcing the deal?
That sounds like a great idea! Maybe I can record some calls, with their permission of course so you can see it as 'real' as possible! What do you think?
@@JamieYork That would be great, thank you.
Was about to suggest the exact same thing, so yep, that would be great!
Love your videos can you do a video on tax strategy using a ltd to buy BTL's.
Great suggestion!
Hello Jamie, thank you for your channel, tones of helpful information. For the people who just start their business with property, I mean 3 or 4 properties owners- which is better- to do it as an individual or register a LTD? Thank you best regards
LTD
I haven’t read all the comments but I would say there is a different way of buying properties in Scotland. The rules in my humble opinion apply only to England area. Great video anyway, but would love to find someone who has got great experience on Scotland soil…
It is slightly different in Scotland. Mainly that the surveys and agreements are done up front and you can’t change the price unless there’s something significant that comes up. Hope that helps and glad you like the content 😊
Fantastic content! Where did you get the digital board?
Thanks very much, glad you like the content. The flip board is from Samsung!
Awesome video mate love it🤘
Thanks mate, glad you enjoyed it :)
Do you source properties for investors?
Also the direct letter video please Jamie
Roger that!
Thanks for the amazing content Jamie! One question I have is how are you able to find such big discounts when there are companies such as We Buy Any Home that guarantee 85% of market value, a free RICS valuation and a really quick sale?
Too long to fully comment on that, but a short answer… they DON’T … they will get a quick sale valuation which is around, 10% below open market value, offer 85% on that and they any other renegotiations after that.
Also, a lot of people want to work with an individual, not a corporation.
Really glad you got value from the video 😊
@@JamieYork Thanks for such a quick reply! Makes complete sense and is reassuring to know the competition isn't as fierce as it first appears (although I'm sure still really competitive). Looking forward to watching all future content
Heya Jamie, I am loving your vids! Very new to your channel. I want to get into property (haven’t got a house myself yet) properties in my area are quite expensive, especially for first time buyers. When you personally see a property and are thinking about going around the estate agent to get a better deal how do you bring them back into the mix to make them sweet again? Do you just simply let them know you’ve got a deal in principle with the seller direct is it??
Brilliant video. I’m unsure on the leaflet idea, I feel 98% of people will screw the leaflet up and bin them, I can’t see get many, if any, through that method. Personal opinion
Say you get two a year @ 30% bmv,how does that work for you over 5 years?
@@petermontgomery8707 I feel even 2 a year is a long shot lol
@@CommonInvesting ok but youve just said 98% of people will screw them up,so for every 1000 you’re saying you’re looking at 10 leads, convert one lead?
Hi Jamie can you tell me how to buy from auction please
Find your nearest Auction house on Google and sign up to see what properties they've got going on!
Great video Jamie. What about auctions?
Love a good auction, but better selling in auction right now, not really for buying in my opinion!
didn't mean to dislike your comment twice - my fat fingers sorry!
Hey Jamie, thank you for this very insightful video. I am curious to know if your strategy has changed over the past 2 years? Are you still using the same FB ads method?
Cheers mate! Thanks for watching! Yeah I am, if it works why change?
Can you explain a bit about bridging loans
Will do!
Jamie can you recommend a leaflet company who will print and deliver for £50 per thousand (or near enough) Thanks Mike
completely location dependant I'm afraid mate
Interested about Facebook ads
They're amazing!
I want do deal Sourcing then rent 2rent final brrr/flipping
What about Gumtree? Can you finds alot of Motivated sellers
Yes you can!
Who was your movers
Im an average investor with heavy schedule and I am struggling to get a credible deal sourcer. I am looking for a good deal and partnering around SE London areas such as Greenwich borough, Belvedere , Dartford, grays, Gravesend, Bluewater, chatham areas etc. My preference would be a deal that's got great BMV if thats possible with possibility of adding value and refinancing/flipping. Anyone credible out there to provide this service?
Jamie not on Facebook is there a other option please 🙄🙏
email me jamie@aspirepropertygroup.co.uk
I'm very worried about buying a buy to let property and not having any interested tennants therefore stuck with a mortgage including council tax around my neck?
Also how do you know how much rental you can realistically achieve before purchasing a property?
Any advice would be appreciated
Stay Safe
God Bless
Kind regards
James
James, Don't buy a house that no one wants but remember people have to live somewhere.
Yes look at the similar type properties in your area and how much they are wanting in Rent. ALWAYS do your due diligence
@@JamieYork thank you for taking the time to get back to me, i really do appreciate it. Thank you kind regards
WHere's the leaflet vid!
Soon!
Can you do a video on house hacking
I would... if I’d ever heard of that before 😂 tell me more!
@@JamieYork I've seen American CZcamsrs speak on it quite a lot like Graham Stephan. But it's essentially building equity in a property while simultaneously living in it and having the mortgage covered by people who are the renting rooms. e.g 4 bed property, 3 renters, covering the mortgage, so basically living there for free.
95,000
Correct!
FMV 100k
sureley £20,000 dunt give you much when you take out legal fees, agents fees, surveyor, capital gains tax utilities etc,,,,,,,,although i think youve just confirmed what ive thought .that in the uk any flippers struggle to get more than 20% off ask , i see loads of usa flippers and usa books stating get 35-40% off ....not much chance of that in the uk , too much greed over here
40% is very unlikely to happen with our markets tbh. The US has a lot less demand per property in a lot of locations, so it’s a bit easier. Although a bit more competition from wholesalers
@@JamieYork thank you , still trying to get my first flip ,proving very difficult, but thanks to your fantastic answer jamie i can see where ive been going wrong , im now gunna re adjust the offers and see if i can make a profit in a correcting market , thank you again
You mentioned doing another video on leaflets, have you done this as cannot find it please
Not yet!
I am looking 3 bedroom detached bungalow around £70,000 in West Midlands