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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Amazing Jay! So happy to see you winning! You're killing it x
Well done Jay. The house is lush. Very excited to see what you do next. 🙌 X
Amazing 🥳 congrats
Awesome 👌
How did he manage to extend two floors just for 25k??
Just the rear extension was £25k
whats with the black eye
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 .
Would also like to know if there is a time limit. To my knowledge I don’t think there is.
I'm sure it used to be 6 months..?
@@doctorlove2022 6 months is the earliest you can refinance if already on a mortgage. Not sure about the personal dwelling thing though
Hi buddy great video really learning from the content
Awesome video Amigo 😎
Why do you have a black eye ? 😢
Fighting
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.
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
@@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!!!
Hiii jayyyy 🫡👋