How Much I Made on My Buy to Let (8 Months Later)

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In this video, I show the numbers on my buy to let property, how much it's worth today and explain all the costs, outgoings and rental income for my first investment property. This made a 90% ROI which is very rare in this market, even though the market is hot, it meant actually securing a deal almost a year ago has helped me lock in great profits.

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WHO AM I:
I'm Matt, a product owner and property investor working in London, UK. I make videos about money, finance and property investing to help people lead a more financially savvy life. In my spare time, I’m documenting what it takes to diversify my income and build a business.

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[MattBrighton]

🚀 Accelerate your property business with my property deal analyser & CRM:

[RubDev]

Congrats matt! Really liked the breakdown. Not really something I could do in my area/market. Prices and taxes are through the roof atm. I'll keep an eye out anyway, since there are always good deals waiting to happen, I guess. Keep 'em coming!

[fooddweller]

4:00 Put that money into stock ISA S&P 500 (VUSA) which has a track record of minimum 10% yield annually, so don’t compare with Cash ISA which is worse

[justaguycommenting]

Been looking forward to this, great video Matt, Justin Wilkins is looking at this video with an approving nod i'm sure haha

[heyheyhey]

1. unless you have a hard cash figure offer for that value it means nothing, market has cooled massively
2. you have failed to account for a single penny of tax
3. when you refinance and your rate has DOUBLED, margins will be drastically cut
4. stringent EPC ratings could cause massive costs to get your rental up to speed
5. with the cost of living crisis you are assuming 100% occupancy and rent on time which is becoming alarming difficult.
there is money to be made in BTL but you have massively over simplified it.

[tomfisher]

This is a brilliant video. The kind of video I've Been looking for. Simple and honest

[abigaelbamgboye]

Fascinating - thanks for sharing this!

[EpicSlug]

Very good but on the £5, 738 you will have 25% corp tax right? as you are in ltd company. I assume you will keep the cash in the company to avoid dividends tax. I guess you could use it to reduce the mortgage when you refinance.

[maxemus]

Great breakdown very nice and clear. BUT I cant help but feel you got super lucky here! If the market hadn't had a massive up you were planning on a 8k profit? Personally for me i wouldn't of bought this and I 100% would be selling now. Why keep 95k tied up for 2 years? Unless you have another couple hundred thousand sitting around sell and go again on 2 or 3 more btls. At the very least refinance, now the market is at 180k you can pull all your money out and still make 300+ a month. guessing you will pay early charges but will still be positive by my maths.

[afgor]

"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce."

[noodlebrains]

Where did you find a property for £110k? Was it auction? Which areas do you look in and how do you know if it’s a good area / good deal? I like your breakdown down but it’s hard to read on that clear background

[lia_-uybg]

Hello, thank you for the very detailed video. I am looking at buy to let videos and all of them mention a 2% interest rate but when I look at the mortgages offered today in 2024, it’s min 5%, if not more. Can you please make an updated video on how would that work today? Thanks

[tomwiggins]

Hi Matt. Really love this channel! Who got you into investing? I didn’t discover index fund investing until my late twenties/early thirties. Wish someone had explained it all to me when I was 19! I’d be so much so much further along in my financial independence journey.

[mrgladstone]

Seeing other vids- sorry about the below I did not know you actually do the work renovating.

[YusufR]

Can you do a video on opening a ltd company if someone is looking to transfer their BTL property into a ltd company

[Cheesieshorts]

Hey Matt, i know i'm late to the party on watching this video. Would love to hear how you went about setting up your limited company. In a similar situation with a good amount of cash saved and wanting to get into investing in the next 2 years when prices (hopefully) are on the decline. Would be great to hear back from you cheers!

[tibraimo]

Do I have to pay Stamp Duty if I am buying on my name rather than a Limited Company for Buy to Let? Thanks

[daddo]

Def landed a good deal in such a crazy market. Hope you haven't set that as the 'norm' or 'benchmark' noting 30% is more realistic.

[CAM]

Really helpful video Matt! Question on the rent.. do you charge additional to the rent for water and gas?

[zanyzoo]

interesting to see where this is now. Property prices have dropped. Interest rates increased. Has this now or it is it going to be a dept with a hefty price tag?