Anti Guru Property Program: theanxiousinvestor.learnworlds.com [Offers lifetime access to classes, training and documents required for property investing]
Haha - I cringed when I saw it and had to revamp it! Only for the camera to mess up on this one towards the end too 🤦🏽♂️ Hopefully this was easier to follow though 😊
So close to 7k bro, great video mate keep it up always love the content 👊🏾📈. Hope u had a great bank holiday weekend. Learnt so much, hopefully I can get my first property in a few years 🤞🏾. Have a great week mate.
Thanks! You too bro. I hope you do too. Hopefully without these mistakes and making much better profits and less headaches. Enjoy the Sun and week ahead
Thank-you so much for this video! Just a quick question: You said you sold the property two years later. How did you pay the mortgage off quickly? Was it through personal savings/ job? I want to become a property investor and I'm interested in how to pay off mortgages quickly. Thank you!
Hey so essentially the mortgage would be paid off first with the sale of the house. As it sold for more than i PURCHASED it for, the mortgage was cleared, then I received my initial deposit and a bit extra (lesser fees). Let me know if that makes sense if not I can try to break it down with figures.
@@TheAnxiousInvestor Thank-you, that does make sense. So, you didn't pay the mortgage off first, you sold the property and used that to pay off the mortgage? Would you recommend that as a good step to building a property portfolio? I'm looking to buy a house in Nottingham soon with a hope of selling it and then using the money to buy a student house with a HMO mortgage. I'm just wondering how I can do those two steps QUICKLY! You've really helped me as I've learnt so much from your CZcams Channel. This time last year I didn't even know about Buy to Let. I starting saving my deposit since I've started following your channel and I just wanted to say thank you so much for your help. Your channel is incredible, you're helping us all so much. Thank-you!
Hey hey, great vid...as always! I feel like I made the same mistake with regards to not getting an interest only mortgage! I have a question....when you BRRR and remortgage at a higher value to pull out some cash in order to be able to purchase your next buy to let how do you get ahead when you mortgage repayments go up so significantly....or is this just me? For example - on a property I’d like to refinance the mortgage repayments go from £237 to £363 - that’s a massive cash flow hit. (So going back to the mistake- it's an interest only mortgage here so might be the reason) Anyway I guess what I’m trying to establish is if it’s better to have smaller amounts of cash flow coming in over more properties that fewer properties and larger net cash flows per month. Less stress maybe if there are void periods? Good to hear your thoughts!
Hey thanks for the message. When refinancing, as most the ones ive done are via Interest only too, the increase in payments are never that significant for my circumstances to affect my cashflow. Plus I only release the cash if its needed and I can make better use of it. For example one went up by about £60 per month, but I was able to use the cash towards starting up a business which as of today has made back more than that £60. If you have a few properties that lets say you take a circa £60 hit on, but release £8,000 or so each time, you could get very close to buying another again. Again most landlords increase rents over time too. Not something i've done or like to do, but i understand the business and market sometimes requires you to do so. Sorry for the late response.
@@TheAnxiousInvestor yeah ok good point, the increase in repayment just has to be made back elsewhere hopefully 5x 😹interest only all the way from now on!
Great video! What price range would you recommend for a first time property? And would you recommend putting in the absolute minimum as a deposit or as much as you can?
Hey mate thanks for checking it out. So it really depends. I always try to leverage, sensibly at around 75% and don’t personally do more. That way I can buy more properties and increase the portfolio. As for price, it depends on whether it’s a resi, btl etc that really matters. Very open ended q sadly but if you give more context I can try and help
@@TheAnxiousInvestor no thank you very much for getting back to me I didn’t even realise till just now! So my main issue is I haven’t brought a property before ideally I want to do a buy to let but as a first time buyer I’ve been told it’s damn near impossible to get a good lender
So at that time property wasn't really something i was too involved in. I was on a mission to become a social worker and change the world and having just got married we decided to just sell the house and buy our residential home. But soon after that and learning the ropes more and reflecting on hindsight, it became apparent i could have just released equity and funded our new house and had this. I could have even moved in, decorated it, maybe increased the value further more too! But...we live and we learn!
Anti Guru Property Program: theanxiousinvestor.learnworlds.com
[Offers lifetime access to classes, training and documents required for property investing]
Too humble and always respect your honesty
thanks brother but i promise i do do some stupid things lol
Such a genuinely good guy man.
❤️❤️❤️ appreciate you
You should be proud of your self you can reflect and share your experiences. By sharing your experiences you helping a lot of people great video x
That’s the goal of the channel :) thanks for watching
Great video as always bro, one of the most authentic guys on YT!
Means a lot brother thank you for watching :)
I’m planning to buy my first property ! Thanks for sharing your experience 😊
Hey you’re welcome kim thank you for watching
👏👏👏Mr A I was one of the few who saw your original to this video 😉 amazing growth and deserved
Haha - I cringed when I saw it and had to revamp it! Only for the camera to mess up on this one towards the end too 🤦🏽♂️
Hopefully this was easier to follow though 😊
Great video & lessons, especially with who you rent with
Oh absolutely! Learnt so much from this one...
do you know anyone from Glasgow , kind of got stuck choosing between new build flats and semidetached.
So close to 7k bro, great video mate keep it up always love the content 👊🏾📈. Hope u had a great bank holiday weekend. Learnt so much, hopefully I can get my first property in a few years 🤞🏾. Have a great week mate.
Thanks! You too bro. I hope you do too. Hopefully without these mistakes and making much better profits and less headaches. Enjoy the Sun and week ahead
You deserve a lot more subscribers.
Very kind of you to say 😊 thanks for watching
Great info ! Thank you 😊
You’re welcome Gema thanks so much for watching
Good video bro! Super helpful. Could you also make a video about your views on the new discount schemes for first time buyers.
Hey i have a few on help to buy/ shared ownership and also the 5% scheme too: czcams.com/video/8OtHl2KrrV0/video.html that’s the latest my friend
@@TheAnxiousInvestor perfect, thank you.
Thanks for this one man
Thanks for stopping by mate much appreciated hope it helped
Great tips in the video
Thanks for watching!
Can’t believe the prices!!
Haha welcome to the west midlands
Thank-you so much for this video! Just a quick question: You said you sold the property two years later. How did you pay the mortgage off quickly? Was it through personal savings/ job? I want to become a property investor and I'm interested in how to pay off mortgages quickly. Thank you!
Hey so essentially the mortgage would be paid off first with the sale of the house. As it sold for more than i PURCHASED it for, the mortgage was cleared, then I received my initial deposit and a bit extra (lesser fees). Let me know if that makes sense if not I can try to break it down with figures.
@@TheAnxiousInvestor Thank-you, that does make sense. So, you didn't pay the mortgage off first, you sold the property and used that to pay off the mortgage? Would you recommend that as a good step to building a property portfolio? I'm looking to buy a house in Nottingham soon with a hope of selling it and then using the money to buy a student house with a HMO mortgage. I'm just wondering how I can do those two steps QUICKLY!
You've really helped me as I've learnt so much from your CZcams Channel. This time last year I didn't even know about Buy to Let. I starting saving my deposit since I've started following your channel and I just wanted to say thank you so much for your help. Your channel is incredible, you're helping us all so much. Thank-you!
Hey hey, great vid...as always!
I feel like I made the same mistake with regards to not getting an interest only mortgage! I have a question....when you BRRR and remortgage at a higher value to pull out some cash in order to be able to purchase your next buy to let how do you get ahead when you mortgage repayments go up so significantly....or is this just me?
For example - on a property I’d like to refinance the mortgage repayments go from £237 to £363 - that’s a massive cash flow hit. (So going back to the mistake- it's an interest only mortgage here so might be the reason)
Anyway I guess what I’m trying to establish is if it’s better to have smaller amounts of cash flow coming in over more properties that fewer properties and larger net cash flows per month. Less stress maybe if there are void periods? Good to hear your thoughts!
Hey thanks for the message. When refinancing, as most the ones ive done are via Interest only too, the increase in payments are never that significant for my circumstances to affect my cashflow. Plus I only release the cash if its needed and I can make better use of it. For example one went up by about £60 per month, but I was able to use the cash towards starting up a business which as of today has made back more than that £60.
If you have a few properties that lets say you take a circa £60 hit on, but release £8,000 or so each time, you could get very close to buying another again.
Again most landlords increase rents over time too. Not something i've done or like to do, but i understand the business and market sometimes requires you to do so. Sorry for the late response.
@@TheAnxiousInvestor yeah ok good point, the increase in repayment just has to be made
back elsewhere hopefully 5x 😹interest only all the way from now on!
😂😂 good luck
Great video! What price range would you recommend for a first time property? And would you recommend putting in the absolute minimum as a deposit or as much as you can?
Hey mate thanks for checking it out. So it really depends. I always try to leverage, sensibly at around 75% and don’t personally do more. That way I can buy more properties and increase the portfolio. As for price, it depends on whether it’s a resi, btl etc that really matters. Very open ended q sadly but if you give more context I can try and help
@@TheAnxiousInvestor no thank you very much for getting back to me I didn’t even realise till just now! So my main issue is I haven’t brought a property before ideally I want to do a buy to let but as a first time buyer I’ve been told it’s damn near impossible to get a good lender
Get a better broker my friend. There’s loads of lenders who will give you a BTL mortgage as the first time buyer
Teach us how to negotiate with estate agents, my estate agents only knock off 5k
I am working on writing some videos for you all on this.
Legend
❤🙏
Nice video though man
Thank you brother
Why did you sell it???
So at that time property wasn't really something i was too involved in. I was on a mission to become a social worker and change the world and having just got married we decided to just sell the house and buy our residential home.
But soon after that and learning the ropes more and reflecting on hindsight, it became apparent i could have just released equity and funded our new house and had this.
I could have even moved in, decorated it, maybe increased the value further more too! But...we live and we learn!
So glad I came across this i am in exactly the same position.
Thanks for w aching Allison 😊
What 9 to 5 were you doing mr a ?
At this time I was doing project management for Atos in West London. BBC project & Olympics, nothing property related
In a way, I think she was quite vulnerable so maybe she needed the price you settled on.
She was offered more and took my offer.
@@TheAnxiousInvestor a good thing, it was still a good and fair price.