Can You Do BRRR for HMO Property Investments? | Q&A Sunday with Samuel Leeds

⏱️ TIMESTAMPS

0:52 My fiancé and I just made 30k on our first home (unintentionally from COVID), we are now moving into a caravan and using that money to get our first BTL.
Are we being stupid? What would you do in our situation?

3:07 Are lease options corporate lets?

3:36 As a first-time buyer, would you buy a house now with 15% deposit or wait for a few months until it gets back to 5%?

4:38 Would it be best to buy properties to rent as individuals Or through a limited company? If you buy properties as individuals how do you get the best tax relief? Is it more difficult to get a mortgage under a business (with higher interest rates)? You say you have most of your rental houses as an individual, how do you make it work?

7:23 What is the selective licence I need for each property that I own? I heard it costs £500 for 5 years…

8:59 I am buying a BRRR property that is taking forever to complete. My solicitor has asked if we wish to get another Local Water and Draining Search because they are nearly one year old now. Should we carry out fresh searches or not bother?

10:00 I’m currently working away from home saving as hard as I can to try and start making my money work for me, I've managed to build about £20,000 worth of equity in my current house but I'm crippled by fear of falling flat on my arse and everything not working out, what's the absolute first move to make?

11:24 you may find my question stupid but I want to know that is rent 2 rent strategy well-known because I went to 3 real estate agent they said this strategy don’t work. Love your, content big fan.

13:22 I have money to invest, but CURRENTLY time-poor. There is very little property on the market where I live and I don't have the time to travel far, so I'm considering the Deal Source option. What can I expect to be included in the deal? Should it include recommendations for builders, agents, management etc?

14:30 Is it the best time to buy commercial property (retail)?

15:00 Can u do BRRR for HMO?

15:26 Regarding the HMO, if we buy a house and refurb to a 4 beds HMO (no HMO license is needed) in an area before the Article 4 implementation, Will there any impact if this area implements article 4 next year? will it be okay to run this HMO legally? or should I need to apply for the license afterwards? Another question, if there is no need to apply for HMO license for those house less than 4 beds, can I still can convert a house to a 4 beds HMO in an area under article 4? Who is going to check whether or not this house is converted before or after the article 4 implementation if there is no requirement for applying for HMO license? BTW, do you have an online crash course? how I can join it?

17:03 When a limited company buys a residential property to 'fix and flip' do they have to pay stamp duty when buying? If so, what percentage?

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[AlfredDzadey]

Yes you can do BRRR on HMOs that is what I currently do. Knowledge is key when doing this strategy though but it’s definitely possible!

[Dinobravo]

I played a game wheres wally when I was younger, its now wheres tyrone saxton

[liammorganx]

Hi Samuel massive fan, my question is I’m looking to get started in property what method would you suggest to get started?

[Ninders]

Hi Samuel, Great content! I was just looking through your property investors website and came across your 'How to buy properties 20% below its asking price'. You stated that 'Banks do not lend money to do properties up', How do I get a bridging loan for a BRRR if the banks wont lend me the money to refurbish. Thanks, James

[victorazzouz]

What did you mean when you said put money in a property business? And what is the best strategy for London property, HMO brrr, r to r, btl...

[Kezza]

Hey Samuel, I’m 17 and when I turn 18 I’m going to get a mortgage on a property (more than likely around Liverpool area due to the low prices) however I’m a bit stuck as to what to do after my first property. Once I have the passive income from my first property what can I do from there as I will be at uni and it will be my only income source so I couldn’t afford another property

[CNNBrow]

QUESTION: What are all of the costs involved (including separate taxes etc) with becoming a BTL landlord for the first time and running one flat? Thanks Samuel!

[jordanhtiffirg]

Hi Sam what are your thoughts on renting out to the council where they will guarantee you rent even when unoccupied and also repair the property to it’s original standard after the term has ended?

[update]

Hi Samuel, What do you think of the recent house price increase from October? Do you also still believe that the house pricing will drop in the next 12 months? Iv started watching all your videos so keep up the good work.

[muztfitness]

What would you do if you have 20k and not sure if you should buy a house or invest in services Accomodation or corporate let. However you are currently paying rent and it stresses you out; as you need more cash /money to live comfortably. Thanks hope you answer this👍🏿👊🏿

[gmustafa]

Is it a right time now to Buy Property (Buy to Rent) or we shall wait until market get better? I am asking based on the worries around Covid and Brexit. There could be a lot of properties left empty. Thanks Mustafa

[daveroberts]

With having a minimal amount of money & wanting to get in to the property business, would you recommend buying, refurbing (im qualified in tiling & joinery), then selling & slowly build up a profit, so I can then buy to let, etc...

[MDT_]

I'm interested in BRRR could I use a buy to let mortgage instead of a bridging loan to buy the property then refinance once the refurb work is complete? If one is better than the other can you explain why? Thanks for all the videos you put up, keep up the hard work you do!

[Sturdycentral]

Why not invest in Detroit been thinking about it what do you think?

[arshakghazarian]

Hey Samuel. Is seller financing good for both sides? Thanks!

[ryancaspianmedia]

Hi Samuel,
I've got £50000 cash in hand to start investment in property, but I've faced several problems first of all, I wonder how could I buy a BMV property for BTL strategy, since in auction BMV houses end-up much higher than my budget. On the other hand, deal sources usually selling thier refurbished properties and somewhere in the North East which l have heard is not a decent area for investment. Now I stuck!!
Many thanks for your advices. 🙏

[Burning_desire]

Hi Samuel can you explain more about what a second charge on a property is and how to be on a second charge as an investor? I liked your project video with Saj and if im not good at finding at deals i feel i might aswell grow my funding by charging interests of say 10% and fund projects for guys like Saj Hussain for 12 months who like you say are credible investors. Is there a solicitor needed?

[solcampbellsbiggestfan]

Hello samuel,

I have seen your videos on bridging loans and how you use them to buy a property for cash in order to possibly buy it for less. However I get a bit weary when I think about if I my offer got accepted and I then went to apply for a bridging loan and they didn't accept. Would it be better to apply for a bridging loan before you make an offer for a property to make sure you will be accepted or would it be better to make sure your offer is accepted before you apply for the loan.

[jmcveigh]

Can i buy a property on a b2l mortgage which needs work doing to it, leave the property empty while i refurb it then get it refinanced and get tenants? Hope this makes sense, thank you!

[Sgboss]

Hey Samuel, when I commit to a lease option how can I change to mortgage from repayment to interest only ?