And he’s making so much money via this plan he now has time to show everyone else how to do it - definitely not because he’s selling a course or anything…
Student can live other places you know? No ones forcing them also mostly likely he would price them no more than other student accommodations and will be a lot cheaper.
These prices are good for students. On campus they would be paying about the same or even more for just a tiny room, a tiny en-suite and a shared kitchen with 15 others. In spaces like this, less than 5 people will have this whole house and a garden and space for a car to park and maybe even a garage. This property looks much more appealing too compared to a dorm room. It is also optimal for a group of friends going to uni together who want a private space. I agree that the housing market is terrible but landlords who are multi millionaires are the issue, not honest hard working people like this man seems to be.
I'm a HMO letting agency and this isn't the case for most. There is so much missing from his figures. Plus his gas and electric costs for 5 students living there is laughable.
Why not? Most student accommodation leases are 12 months so includes the weeks they may be home with parents during term times.. because they need somewhere to come back to when term starts again and decent accommodation is hard to find close to campus.
@BenJWoodman yes some do stay over the summer. When they do, they have to request to stay longer, and pay. Most go home because they want to see friends and family and... it's free.
I used to fit kitchens for B&Q they used to pay crap wages, ,I did the same as you, but just with buy to let’s , I’ve got quite a few now, but I left it to late , I’m to old ,, good luck to you and what a great job you did,
Why are there so many jealous haters on here Well done ! I know someone who did this and is now living a great life All the comments are hating on this guy yet nobody is questioning the real culprits of the housing crisis The government and banks !!
@@nutluc Depends on the landlord and the city (not Hull). Level of demand for student accommodation in some cities outstrips supply so 51 week contracts are more normal
Also dude, you didnt mention tax. You can't off set the cost of the mortgage any more unless you buy 7 at once!!!! To the people moaning about others not being unable to buy a house as a first time buyer. Get a grip. He is not a bank buying them up. If people didnt want to live there they can go else where. It is called "competition". Stop moaning if you dont like it. Buy a house and let people live there for free if you care so much.
Real estate can be risky work. People beg to be your tenant and then complain about you non stop. Things break, people don’t pay rent. That tiny bit of rent better be saved up. If one pipe breaks the bank celebrate’s your downfall.
Selling a course, it's getting saturated and more difficult to do. Numbers are off £135p/w per student. When they teaching you how to do it, you have missed the boat.
1. Don’t do this. 2. When you buy a property, you’re immediately in debt. 3. Adding more properties is adding more debt, and higher risk. 4. Not everyone pays on time, which you seem to suggest will happen. 5. Students don’t pay £125 for a full 52 weeks of the year 🤦♀️
although ppl have done it for years ihate to see this happen, ppl are being charged the absolute maximum for the bare minimum, it's an absolute disgrace, just what the tory government is all about, these land lords are as bad as the ppl trying to run the country, all out for themselves
It’s so funny that the comments are equal parts saying landlords are greedy AND saying he’s not really making any money 😂 Both things can’t be true guys
Yeah it's a legal scam backed by the Courts and Government. All UK properties are legally required to pay a 'TV Licence' directly to the BBC for the consumption of ANY live TV programmes produced by ANY media company over the internet or otherwise. Maximum penalty is Jail 🤬
Great airbnb unless you live in them lovely seaside areas where locals can't afford property because everyone buying homes for airbnb, and they kill the local community because no one living there in the winter. But yeah, it good for someone making money on making people move away from where they grow up because all the homes are airbnb. My local seaside town know stands at 45% of the town know airbnb and the community has dropped. As of this year, from January 80, families have lost their homes to be turned into an airbnb, and that's on a small town of 4,000 people.
I really don't understand people sometimes. The bloke has had the gumption to get off his arse and create a decent living for himself, and people are slagging him off for it. No wonder Britain is broken!
That’s not right. A kitchen fitter making only £25k a year? I now work a basic ass security job and I make £28k a year. Used to be a gasman ten years ago and made £35k a year back then.
As a landlord mate you want to have the rent not including bills meaning the bills won’t come out of your own pocket and are taken care of by the tenants
@@CEO786 ok, so to do this with apartments, apartments here are around 85k, for that price, the loan would be 447 eur per month now, there arent really apartments being rented out that size above 600 eur. So, 600 - taxes come out to 462 eur a month profit. That would be 15 eur pure profit from the apartment, if everything goes well and i dont have to repair anything. To earn atleast 2k a month, i would have to have 134 apartments or otherwords slightly below 11.4M in property loans/value... Now, lets say you dont take inflation into account. Atm in my country, 1.5k (after taxes) is the average salary. And 1k goes into living, so lets say each month i save 500 eur. It would take me 21 years to get to the point, where i could get 2k a month, after taxes... 21 YEARS so yhea... sorry, but not really promising... like after university and stuff, i would be like 45+ years old, before i reach that amount. AND this is not taking into account all the repairs etc. i would have to do and maybe if i started a family and such... so yhea... sorry, not really feasable (PS: i make slightly above 2k now, after taxes, but thats because i work 220+hrs each month)
25k a year for a decent kitchen fitter means youre either a poor fitter or liar or both.
Have you seen the quality of his work? Hopefully his kitchen fitting is better than his tiling 😂
Now now, don't be jealous.
Calm down Rishi Sunak. He was like 25, says it in the video. £25k at 25 years old is pretty standard
How many years did it take him to save up 25k. What of the remaining mortgage?
He is just one of the many reasons people won't be able to buy their own home
@@OneBurnettohe bought several. Reducing the stock for first time buyers.
Not true
The problem is the government and local council and certain products from banks.
By being clever?. Pfft!!
The Rachmans would be proud of him.
It’s like saying it’s McDonald’s fault you’re fat .
And he’s making so much money via this plan he now has time to show everyone else how to do it - definitely not because he’s selling a course or anything…
All just to fleece poor students out of their student loan to maximise your profit from a scarce resource.
Student can live other places you know? No ones forcing them also mostly likely he would price them no more than other student accommodations and will be a lot cheaper.
I hope you're as passionately opposed to all the bogus "students" we have swarming here
These prices are good for students. On campus they would be paying about the same or even more for just a tiny room, a tiny en-suite and a shared kitchen with 15 others. In spaces like this, less than 5 people will have this whole house and a garden and space for a car to park and maybe even a garage. This property looks much more appealing too compared to a dorm room. It is also optimal for a group of friends going to uni together who want a private space. I agree that the housing market is terrible but landlords who are multi millionaires are the issue, not honest hard working people like this man seems to be.
Must of been a rubbish kitchen fitter to earn 25k
He just got bored of doing his job tbh
Hmo's the scurge of society and the greed of landlords.
How about 25 percent tax???
So what's your alternative?
I'm a HMO letting agency and this isn't the case for most. There is so much missing from his figures. Plus his gas and electric costs for 5 students living there is laughable.
£135 a week from 5 single students in Hull for all 52 weeks a year? No you didn’t
Of course not, but telling the truth doesn't get views or comments.
Why
Why not? Most student accommodation leases are 12 months so includes the weeks they may be home with parents during term times.. because they need somewhere to come back to when term starts again and decent accommodation is hard to find close to campus.
@@nutlucor sell ridiculous courses. “James property university” oh my gosh.
@BenJWoodman yes some do stay over the summer. When they do, they have to request to stay longer, and pay. Most go home because they want to see friends and family and... it's free.
Is this why every property near me is a house share for £700pm
And then you find out that actual people gone actualy put the heater on full blast 24/7😂
I used to fit kitchens for B&Q they used to pay crap wages, ,I did the same as you, but just with buy to let’s , I’ve got quite a few now, but I left it to late , I’m to old ,, good luck to you and what a great job you did,
Thank you! 🙏
It should be illegal for an HMO to generate more rental income than the combined dwelling would. Very easy and fair change to make.
Why are there so many jealous haters on here
Well done !
I know someone who did this and is now living a great life
All the comments are hating on this guy yet nobody is questioning the real culprits of the housing crisis
The government and banks !!
Bro said he ask 600 bucks per room, not the whole house, no one room😂
He was a student when he started!
Ffs I can’t even work out what I want for tea ?!!! (Dinner)
What about the tax you pay from the net income?
If he takes the profit out as dividend payments instead of a directors salary he will pay less tax.
Arent student let's on 9 month contracts . Go home for the summer ?
Came here to say this.
His figures are off if he's letting to students
@@nutluc Depends on the landlord and the city (not Hull). Level of demand for student accommodation in some cities outstrips supply so 51 week contracts are more normal
Lower the rent and let them pay the bills
What about repairs, void periods, legal fees for evictions, you have also not said about tax on earned income etc. lots of costs not factored in.
25k salary gives you net monthly in come of £1771 per month. How on earth did you save up 55k from that?
You only need to save around 12k, not 55k
And this is part of the reason the housing market is screwed
Also dude, you didnt mention tax. You can't off set the cost of the mortgage any more unless you buy 7 at once!!!!
To the people moaning about others not being unable to buy a house as a first time buyer. Get a grip. He is not a bank buying them up. If people didnt want to live there they can go else where. It is called "competition". Stop moaning if you dont like it. Buy a house and let people live there for free if you care so much.
Real estate can be risky work. People beg to be your tenant and then complain about you non stop. Things break, people don’t pay rent. That tiny bit of rent better be saved up. If one pipe breaks the bank celebrate’s your downfall.
I'm going to do the same but not in this country I want better quality of life for me and my children .
Bloody gorgeous job those bathroom and kitchen styles. You got this and you deserve the returns.
Nice Vid ... How much for the renovation costs please ?
Selling a course, it's getting saturated and more difficult to do. Numbers are off £135p/w per student. When they teaching you how to do it, you have missed the boat.
Mortgage interest? So you're not paying the mortgage off?
Only works when your original salary is dog shit
AirBnB in Hull. Sign me up.
Awesome dude!
God, I would be so grateful to be in this position
Question. Why would you pay for the bills? The tenants should cover that. Now that is better business.
Income tax??? That 27k will need to be taxed so please be more transparent as 27k is not net profit
And you paid how much to HMRC per year?
Landlords are just the worst, not even lawyers or insurers come close to this.
Fleecing students of their loans? So the taxpayer funds your lavish lifestyle 😂
1. Don’t do this.
2. When you buy a property, you’re immediately in debt.
3. Adding more properties is adding more debt, and higher risk.
4. Not everyone pays on time, which you seem to suggest will happen.
5. Students don’t pay £125 for a full 52 weeks of the year 🤦♀️
How much after tax?
although ppl have done it for years ihate to see this happen, ppl are being charged the absolute maximum for the bare minimum, it's an absolute disgrace, just what the tory government is all about, these land lords are as bad as the ppl trying to run the country, all out for themselves
and how do you sell them without CG tax. buy a plot of land and build yourself a home. no CG tax
What about the mortgage payment?
It’s so funny that the comments are equal parts saying landlords are greedy AND saying he’s not really making any money 😂 Both things can’t be true guys
What is a TV license?
In the UK you pay for the BBC regardless of if you watch/listen.
Yeah it's a legal scam backed by the Courts and Government. All UK properties are legally required to pay a 'TV Licence' directly to the BBC for the consumption of ANY live TV programmes produced by ANY media company over the internet or otherwise. Maximum penalty is Jail 🤬
4 bedroom for 55k 😂😂😂 wtf
Its Hull
Mental isn't it ...
I quit my job to become a full time prick
Yes!
No mention of refurb costs - must have cost him north of £50k
Can you teach me would really appreciate it
Brilliant young Man [ your brain is working overtime ] keep going.🌞👍👍
He forgets to mention the tax deduction 😂 works out a lot less
Great airbnb unless you live in them lovely seaside areas where locals can't afford property because everyone buying homes for airbnb, and they kill the local community because no one living there in the winter. But yeah, it good for someone making money on making people move away from where they grow up because all the homes are airbnb. My local seaside town know stands at 45% of the town know airbnb and the community has dropped. As of this year, from January 80, families have lost their homes to be turned into an airbnb, and that's on a small town of 4,000 people.
For 135 quid a week they are going to fk that place up unfortunately. Students are the worse tenants.
55 k for a 4 bed 😂😂
1.5k kitchen cost to fit 6-7k how were you only making 25k😮
Lol
So they live there 52 weeks a year?
No they don’t lol
I really don't understand people sometimes. The bloke has had the gumption to get off his arse and create a decent living for himself, and people are slagging him off for it. No wonder Britain is broken!
585pcm for where?!!! i pay 800pcm to be right outside an underground station
Kitchen fitters get more than 25g a year 😂😂😂
Wi-fi £54 ????????
In hull you can only get KCom. It's a bag of shite and expensive
Downside is you live in Hull
That’s not right. A kitchen fitter making only £25k a year? I now work a basic ass security job and I make £28k a year. Used to be a gasman ten years ago and made £35k a year back then.
You were only on £500 a week as a kitchen fitter?!!
Where? India?!
What the Hell is TV license? You need permission from the Government to turn on your TV?
For 2 grand more doesn’t seem worth it tbh
£25.000 a year 🤷♂️ you would have been better of working for Amazon
As a landlord mate you want to have the rent not including bills meaning the bills won’t come out of your own pocket and are taken care of by the tenants
He gets £135 per week because it's bills included. Try getting 5 different tenants to decide who pays what in the bill.
Hope HMO's are made illegal
How the fc are you bought a 4 bedroom house only for 55.000??? It is not real. Did you live in the middle of nowhere
He said in hull at the start at to be fair properties there are very cheap
Hull properties that need work are very cheap
Probably run down auction properties.. which he did full renovation.
It's ridiculous that you need f'in permission to turn a living into a bedroom
Ahhhh.... JPU.... That's where he makes his money... Same old bullshit.
Come on dude, you buy a few houses and you you try to sell a course...... chat GPT can give you the info you need for free.
What about your mortgage payments? You saved up £55,000 in how long? Meh.
Another seminar seller
Weaponnnnnnnn
Well done, young man
👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
Sadly its not possible where i live at
It’s possible, you’ve just got to put the hours in and save up.
@@CEO786 ok, so to do this with apartments, apartments here are around 85k, for that price, the loan would be 447 eur per month
now, there arent really apartments being rented out that size above 600 eur. So, 600 - taxes come out to 462 eur a month profit.
That would be 15 eur pure profit from the apartment, if everything goes well and i dont have to repair anything. To earn atleast 2k a month, i would have to have 134 apartments or otherwords slightly below 11.4M in property loans/value...
Now, lets say you dont take inflation into account. Atm in my country, 1.5k (after taxes) is the average salary. And 1k goes into living, so lets say each month i save 500 eur. It would take me 21 years to get to the point, where i could get 2k a month, after taxes... 21 YEARS
so yhea... sorry, but not really promising... like after university and stuff, i would be like 45+ years old, before i reach that amount. AND this is not taking into account all the repairs etc. i would have to do and maybe if i started a family and such...
so yhea... sorry, not really feasable
(PS: i make slightly above 2k now, after taxes, but thats because i work 220+hrs each month)
You got out of bed for £25k a year as a tradesman??
Great business plan. Fantastic to see young people doing this 👍🏼
Chat shit
scam
People who make money don’t tell people about it
Facts
English Kevin wannabe
Sorry. You need planning permission to turn a living room into a bedroom? Why?
God, I would be so grateful to be in this position