How to go from 1 Property to 10 Property investments!! | Buy-To-Let Basics
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- čas přidán 3. 08. 2024
- So you've got one property investment, what do you need to do to go from 1 property investment to 10 buy to lets? In todays video I'm running through everything you need to know about scaling a portfolio, the positives and the negatives and a fews hints and tips to get where you want to be!
Love the fight club quote at 6:19. 'We spend money we don't have to buy things we don't need to impress we don't evn like.'
that whole doubling a penny every day for 30days analogy just blew my mind. i even got the calculator out. amazed 🤯
I actually can’t stop watching your videos! So glad you started this channel!! You/ your team targeted me well with your pre-roll youtube ads 😉 thank you for these gems of info. P.S. you really must have paid attention to maths class. No idea how you do all these sums in your head!! 😂
I completely agree.. Although his maths is often dodgy 😂 but thank you Jamie love everything about the channel
I like this guy - straight talking! Great channel!
I like you Olly!
What an amazing information you are giving I can’t stop watching it thanks a million 🙏🏽
You're welcome!
Hi Jamie! Absolutely love your channel!
On my journey buying my first BTL . Following all your videos .
I'm single mum of 3 kids on this journey. Thanks for your videos!
You can do it! :)
Another great video Jamie - thanks, keep them coming...
Thanks, will do!
Haha I love this guy, the rant made me laugh
Haha, I love you too!
Hi Jamie, just came accross your vids recently, I’m based in Leeds / Scunthorpe myself! I appreciate the information you’re putting out and your take on active income vs passive being worth while aswell I think people forget that a lot of the time. I was wandering if you do any consulting or one to one chats regarding getting started onto buy to let’s. Thanks
Mate.
absolute gem of a channel. thanks jamie
No Jamie, you're the Jamie
A comment and like for that rant. Very reminiscent of fight club 😂
Haha, glad you like it 😛
Good advice! One needs capital to make money. Spending less is deferred gratification - save now for a bigger treat years down the road.
Excellent Video
You always deliver the best advice
Thanks bud, glad you’re getting value!
Great video Jamie. Despite the gurus telling us to stop trading our money for time, EVERYONE who became wealthy did so first by working hard and trading their time for money.
The question of ‘net worth’ is another ego issue. To me (and naturally it’s an opinion,) it’s all about the income. I will eventually retire (whatever that is), but a massive flow of income is my preference
I get that the property is passive but the money has to come from somewhere… often ACTIVE income!
Indeed! Net worth is based on money, wealth is based on time
As soon as you started ranting, I liked this video straight away. This made me chuckle. After watching the whole video, I was going to like anyways.
Question regarding the latter of the video. 10 properties for 350k approx. Can you elaborate or point me in the right direction to learn?
Hi. Loved the video. I’m starting to learn about property investment. I am now in a journey to increase my earnings to start investing. What videos would you suggest? How do I actually start from 0? Thanks so much in advance
Hi Jamie. Love you videos. Just bought my first one last year and just got number 2. I’m in Leeds just looking for the best areas
Upping income, diversifying how to grow wealth and time is my key strategies currently. Keeping it real too is important, reminding myself what is the end goal. Thanks for another good vid.
Boom!
16, getting into property investment, glad I found this channel. Any advices for a young one such as myself?
Research "Compound interest" and apply it to everything that you do. You'll be a millionaire before your 30 easy!
Value added. Loved the rant too haha 👍👌
Glad you enjoyed!
Hi Jamie.ove your channel. I nearly sold my house twice now. Had to pull out as we couldn't find property to buy. After finding your channel I realised I can keep my current house as buy to let and refinance it to get deposit for our next house. Thank you for everything you do.
Can anyone tell me if I pay higher stamp duty on a property I buy next to live in or do I pay higher stamp duty tax on second property ie the hose I'm going to keep for buy to let purpose? Can't find this info anywhere
You pay higher stamp duty on the next house you buy regardless of whether it is for buy to let or to live in. If you however sell your current house and then buy a new one then I believe you pay normal stamp duty.
Hi Jamie.I have my residential property on joining name and just bought btl property what do you think buy on join name or may name cheers
Hard work pays . Great video. What’s ur relation to Assets 4life? I think I have seen you coming up in their adverts !
Thanks very much! I run a deal packaging training and I joint venture with assets as a promoter
Very nice
How old r u fella? As I can't get my head around how u have so much knowledge and experience. Fair play to you 👏 as you don't look that old. Keep it going as your channel is awesome 👌 I am just starting out in this realm and you are really helping. Many thanks 🤟
Thanks bud, I’ve just turned 30 in November. Really glad I’m bringing you value so far :)
Hello Jamie, you've got nice content and have won a subscriber here. I presently live outside the UK, but I'm interested in sourcing UK properties even as a non-resident. Having schooled in Hendon London, and lived in Croydon CR0, Hermmersmith NW10 and Hounslow TW3 respectively, I have fair knowledge of those areas. I have attended property seminars, joined facebook property groups, and read books on some strategies in doing UK properties. I am looking for opportunity to be brought on board a team of sourcers. Atb, David
Quality over quantity I guess. Thank you for this video 👍👍👍
You bet
Jamie one thing I need to ask after watching a million of your videos.......where is that whiteboard from and what model???
Hahaha! it's a Samsung Flip
I worry about upscaling and having many many mortgages. Even if the equity is healthy in each property, the thought of all those mortgages scare me.
It shouldn't do!
Visuals are great!
THANKS!
Hi Jamie. I’m in York looking to get my 1st buy to let l. Cash ready. Would you buy out right or invest in several properties? Cheers buddy
if it’s your first one just try the one, don’t go all out and overwhelm yourself. invest in one with a larger deposit save some for down the line if you want to invest in more.
Don't buy out right! Leverage your money!
great rant, do the same rant myself.
Hahaha! :)
Don't you have to already own a property before you can get a buy to let mortgage? I don't currently own a property and don't earn enough to buy one, but I have enough money for a buy to let deposit, which will leave a good LTV return.
You need an income to get a btl, it’s a secondary source of repayment if you aren’t paid the rent (primary source)
Hi Jamie,
Can I start by saying great info in the videos. I have 1 rental property with a lot of equity in and am ready to expand but have a couple of questions about how I should best move forward. Do you have any way I can DM you please. Best regards
Try me on Insta @JamieYorkAspire
Hi guys .has any one saw the new property app.where you can invest in property .bit like crown funding only slightly better ??
Let me know!
hi what happens if I buy a normal mortgage but rent it out, will I get caught?
Probably not tbh. But all you need to do is ask for consent to let and most lender will okay it
Great information as always
Thanks!
The 1p doubling thing is actually £10.7 million by my calculations 🤯
Mind blowing!
That's how I grow my portfolio as well: passive income from my properties and active income by helping overseas investors with UK property! Thank you Jamie great suggestions!
Hey Fabrizio, looking to do what you are doing (Helping overseas investors with UK property). I will like to chat
@@invstwisdomwise3316 this is Jamie's channel, you can contact me on mine.
Awesome
You make a lot of sense Jamie. Would love a quick chat??
You know it!
Asking your boss for money based on your bright idea's is completely pointless, they already know your worth to them and will only offer it when they face competition from another employer.
If you want more money, hand them your notice explaining you have received a better offer from someone else. If you are worth more to them they will offer more to keep you if your are not they will let you move on.
As an employer myself, not all bosses wait AT ALL. If your bios is like that and you want someone with a more value focussed mindset. Change your boss
Hi, Jamie.
Does being an architect help property investing?
How can they integrate their careers into real estate?
Thanks!
I'm just a nobody with no experience but I'd have though an architect would be better building properties to sell, same with builders
I can help but not essential. Attitude is the most important!
Hi what position would you take if property was under water and can't Access finance due to begin non resident . thanks Paul
Can you stop the water?
Scaling is "feasible" in rising market but in a property market down turn I am not sure!
Defo in a down turn! Perfect time to buy
Great video again. Really helped to reconfirm the goal and and focus!
Great to hear!
375k for 10 properties? is that all in? so including the 3% stamp duty, legal fees and deposits?
Yesirrrrr! Remember that’s cash not the portfolio value. So 25% deposits etc
That’s what I do for clients up in Leeds 😊
@@JamieYork sorry I didn’t word it very well. So 375k covers everything on 10 house purchases with 75% intrest only mortgages on them?
Correct 💪
To confirm… where I am… £120k Ish properties
@@JamieYork so £50k all in with a £12,500 refurb? What kind of net profit is that getting a month? Would £12.5k be enough to refurb to decent standard? Thank you
Superb vid Jamie
Thanks :)
Jamie how does someone go about booking some time with you to discuss investing in more detail 1-1 (if such a possibility exists) and how much does it cost?
I only do 1-1 with my mentees!
Ego-metrics!!!! Very well put!!! SOOO much ego in property! (Yawn!)
100%
30 properties = 30 boilers to break, 30 kitchens to replace, 30 bathrooms to repair/replace
3 properties = 3 boilers to break, 3 kitchens to replace 3-6 bathrooms to repair/replace
🤔
Hard to argue with that logic 😉💪
Only down side is the risk isn’t spread as much so 33% reliant on each.
If it were only 3 retiring me. I’d probs go for 2 or your typed discussed and 4 more standard properties
sorry but for me you didn't really answer your question in your title. I feel like you've just said the most obvious things that even an idiot would know, save money, spend less, get another job. All of which are obvious and none of them answer your question directly. I thought you was more going to talk about the logistics of owning multiple properties and how the mortgage structure works. Not a good vid for me sorry.
No stress at all, thanks for the feedback on this one Jordan. It seems to have helped others but it won't ticket the box for everyone. I've covered what you've mentioned in other vids but I can put a more structured one together
@@JamieYork thanks for the reply Jamie, sorry if my comment came across rude. I’ll keep an eye on your channel and see if anything crops up that I’d like to watch. Best of luck
Just to let you know someone has been impersonating you messaging me on what's app. I have the number still if you want to contact me and get it I have proof, just thought you should be aware as some people are vulnerable
Yes please mate. Message me on insta @jamieyorkaspire. How did they get your number?
It was on tinder I have reported it on tinder to. I caught them out by listening to a podcast you did where you said your age and they claimed to be 35 I did my research thankfully and knew something wasn't right. I've sent you the screenshot through Instagram
Don’t listen to this guy. Only amateurs take risks with investment. And capital is a phantom concept. Enron had lots of capital but no cashflow😂😂😂
Investment returns are quite literally based on risk… 😊
@@JamieYork only if you are an amateur do you say this. If you are a wealth creator then you know how to eliminate all risk. But that is next level stuff that will go over your head😂😂😂
This video really is a nothing Burger.
I do love bread
Hi Jamie
I recently watched most of your videos and I realised you said a lot of important things
I’m builder and I’ve allready start a portfolio with three properties Nottingham and Northamptonshire area so I’m looking to invest in your Kia hire Leeds so if you are able to give me a way to contact with you up there I will appreciated
We might be able to have a partnership on refurbishment houses
Looking forward to hear from you
Regards andon
Hi Jamie I became a BTL landlord in London by accident when after 12 years of owning my flat I bought a house, and moved without selling my old flat. Now I don’t think I’ll stop till I acquire about 2,3, or 4 more BTL.
I may need to move further outside of London to do so thought, can’t afford the large deposit needed for London and the south east BTL properties. What’s your email address please ?