House Flip in Gloucester Earns £100,000 Profit

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  • čas přidán 30. 06. 2024
  • Samuel visits Jay, a student of his, who has just renovated and extended a small property in Gloucester to earn an incredible £100,000 of tax free profit. Watch as Jay walks through the figures and tells you how you can do the same thing with your own property flips.
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Komentáře • 26

  • @TheseFourWallsEstates
    @TheseFourWallsEstates Před 15 hodinami +1

    Amazing Jay! So happy to see you winning! You're killing it x

  • @narellecowan1535
    @narellecowan1535 Před dnem +1

    Well done Jay. The house is lush. Very excited to see what you do next. 🙌 X

  • @pem9751
    @pem9751 Před dnem +1

    Amazing 🥳 congrats

  • @Paulsmithwarriorproperites

    Awesome 👌

  • @TheSergpic
    @TheSergpic Před dnem

    How did he manage to extend two floors just for 25k??

    • @JayRides94
      @JayRides94 Před dnem

      Just the rear extension was £25k

  • @badboytomas
    @badboytomas Před 5 hodinami

    whats with the black eye

  • @doctorlove2022
    @doctorlove2022 Před 2 dny +1

    hi when you said you dont pay tax if you live in the house
    do you no what's the minimum length of time is you need to live in this for this to qualify
    thanks very much .

    • @thechrismaster1453
      @thechrismaster1453 Před dnem

      Would also like to know if there is a time limit. To my knowledge I don’t think there is.

    • @doctorlove2022
      @doctorlove2022 Před dnem

      I'm sure it used to be 6 months..?

    • @thechrismaster1453
      @thechrismaster1453 Před dnem

      @@doctorlove2022 6 months is the earliest you can refinance if already on a mortgage. Not sure about the personal dwelling thing though

  • @Shane-uz1iu
    @Shane-uz1iu Před 2 dny +1

    Hi buddy great video really learning from the content

  • @josephnewland9415
    @josephnewland9415 Před 2 dny +2

    Awesome video Amigo 😎

  • @rv9497
    @rv9497 Před 13 hodinami

    Why do you have a black eye ? 😢

  • @askmartinez6409
    @askmartinez6409 Před 2 dny

    Good video but if he rents out and in if owns in personal name then with s.24 and if in the higher tax income threshold that rent would taxable at 40%. Dead money.

    • @JayRides94
      @JayRides94 Před dnem +1

      Not planning on renting it out, it's in my own name. Will refinance in a few months and pull out around 20k, keep living there and invest in the next one

    • @olliedean8937
      @olliedean8937 Před dnem +1

      ​@@JayRides94 hey Jay. I'm in Gloucester myself. Got a BTL and trying to do a flip. I would love to connect with yourself! As soon as I saw the video I was like I have to recognise where this is!!!

  • @joshuanewland5309
    @joshuanewland5309 Před 2 dny +3

    Hiii jayyyy 🫡👋