How we bought our first investment property WITHOUT BEING HOMEOWNERS
Vložit
- čas přidán 7. 04. 2020
- How we bought our first investment property WITHOUT BEING HOMEOWNERS // In today's, video, we share with you what you should know when buying your first investment property in UK. This is our first investment property without being a homeowner. We had money in our savings account but earning close to zero interest, had a good credit so no problem on getting a mortgage. When buying our first investment property, we decided to be a buy to let. This buy to let strategy is a common type of property investment in the UK and we did that when we started our property business.
🌟 Get your FREE Invest in UK Property Checklist here: 🌟mailchi.mp/empropertiesuk/top...
🌟 Get your FREE Bridging Calculator here:
mailchi.mp/empropertiesuk/bri...
🏠 What we are up to nowadays: 🏠
• House renovation UK | ...
🙎♂️People mentioned in the video: 🙎♂️
/ mark_dalton_live
/ nick_claydon_property
Have a burning question for us, or want to see what we're up to?
You can follow us online here:
Instagram: / elsieli_
/ markus.property
Facebook: / empropertiesuk
Website: em-investments.co.uk
Be sure to subscribe to our channel here: / @elsieandmarkus
____
Music by Wowa - EASY
____
Filmed & Edited By
Elsie Li
@elsieli_
____________________
ABOUT EM INVESTMENTS
Elsie and Markus, the core of the team, have invested into themselves and are constantly working alongside other successful property entrepreneurs and business owners to stay up to date on the latest strategies for property investors to grow their portfolio, help others grow their savings, and build their personal freedom.
EM Investments strives to help people like you get the high returns you are expecting with virtually no time commitment and almost no risk.
No landlord responsibilities, no voids, no hassle.
The EM team consists of specialist solicitors, lenders, accountants and refurbishment teams, to ensure the highest possible standard for investor clients and tenants alike.
Perpetual information seeking is often the biggest barrier to getting the results you want. Many people spend months and even years constantly researching how to better invest in properties, but are afraid to make the jump.
As a result, they get stuck and keep their savings in their bank accounts yielding them low returns and never get the lifestyle they deserve.
EM Investments’ CZcams channel is based on the vision that focusing on the end result, rather than the latest shiny object, is the best way to actually reap the benefits of property investments.
uk property investment,property investment for beginners,real estate investing,investment property,real estate,property investing,property,investing in property,how to invest in property,buy to let uk
#investmentproperty #propertyentrepreneur #investor #elsieandmarkus
Have you done your first deal? How would you feel? Worried, excited, a bit of both? Let us know below!
thank you for sharing
hey, would love to watch a video on bridging finance and interest-only mortgage, and what you guys used at that point in time. Keep up the good work!
Great video. Very useful and encouraging. Thank you!
Thank you so much!
Really interesting video. Surprised you don’t have many subs. Keep it up!
Thanks for showing your support! We're growing =)
I’m bringing your CZcams. I love it
you two are so sweet :)
Great video guys! Newbie question coming up. So you bought this using a btl mortgage initially is this correct? So 75% LTV? Did you use an interest only mortgage and seeing it was your first btl and I am sure your plan is to have many more, was this within a limited company? Thank's for all the content, really helpful! Sean
Hi do you have a video on using a bridging lender please and also your way of calculating costing involved that you mention
We made a video on this, do check it out!
Please tell us your experience with bridging loan as a first time buyer thanks
Hi GameTester! That's on the list already. Watch out for it!
How do you find a good trust worthy builder. Thanks
Hi, great video! Im looking to get into property development but like yourselves have little to no refurb experience. You mentioned you found someone through your network to help with the refurb - do you have any recommendations or any advice on how to get help? Im in the Sussex area. Thanks!
Thanks for dropping by! Network with local investors in your area, you'll find most of them are more than willing to share contacts and tradespeople, then work with builders and ask questions!
Who was your mentor?
Hello guys
My question is:
Buying @ 39,500
Expenses @ 12,000.
So how do you manage to pay back your friends and family their money + return on their money ? Is it for a 3-5 years time lapse before you start paying them back ? After how many years will you start making a profit from this property? You will have to pay the bridging lot + interest ,payback family & friends + their returns, make your wages as well , get your personal saving you invested....so how long would it take you to start making profit from that property?
Thank you in advance for answering my question.
Thank you for all your videos.
You guys are absolutely fabulous in your videos.
Cheers
Hi Jay Pepe,
We remortgaged the property at 63k with a loan to value of 75%, meaning we pulled out around £47k on a Buy to let mortgage.
We use these 47k to pay out investor funds plus their interest.
From then on, we have around 5k left in the deal (39.5+12-47). This can be from our own savings. With a cashflow of around 250 per month, that represents an ROI of 60% if fully let. So, investor has their funds back on refinance, we make a good return on our effective money invested and if we decide to sell, we'd make a small profit from the equity we have built up (63-39.5-12-fees for selling)
Good question, thanks for asking.
Elsie and Markus hey you duo thanks for the updates.Even thought I might not have understood all the concept as I'm very new to this,I would like to thank you guys for taking time in replying me. I'm sure lots of people would have the same questions. Thank you for being transparent in your approach and being very very open in answering and voicing out your struggles.
Please make a video about how you guys met each other and how you started your journey on the property ladder. For example how much saving you had,mistakes you did as a beginner and how you cope with your work stress and relationship.Sacrifices you made to reach this level.
Thank you guys
Take care
All the best
Pepe
Hey guys, I've seen some of your houses in Burnley. Pretty cool. I'm starting my own venture. Found a property need to secure the deal. Have you ever bought a property with a tenant already in. But you wanted the house empty?
Hi Andy, thanks for the question. No, we haven't bought a tenanted property before, but you can buy a property subject to vacant possession. And I need to disappoint you, but we don't have houses in Burnley 😅
@@ElsieandMarkus There is an agency called E&M here. I thought it was you guys :). Renting and having your own agency also.
@@andymckenna5387 Funny enough, we know the owners. Good people and very professional if you're looking for someone local in Burnley 👍
Hi, i am looking for a buy to let property in Glasgow... Would paisley is a good area for a small buy to let property? I am looking for a small flat within 28k pounds value... Total amount...
Great question! Speak to the local agents and local investors, they should be able to tell you whether an area is good or not. There's always some bad streets in every area so make sure you find that out before you buy!
The dude looks like Edward Snowden :D
Can you text me bridging loan calculator formula
Feel free to download our calculator. It's already programmed as an Excel sheet.
Where I can get excel sheet download. Can you send the link please.
@@umarkhan1027 it's now added to the description box above. Once you fill in your details, it will be sent to your inbox. :)