How to Make A Million with £10k | Touchstone Education | Property Investing UK

In this video, Paul Smith from Touchstone Education talks about how to turn £10,000 into £1 million through property investment.

He goes through the simple steps that he would take if starting from scratch and had just £10,000 to invest!

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This channel is to educate people to invest in UK properties with lots of property investing tips.

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[mohammedalam]

Really love you & abby.
Specially, paul. ❤️❤️
I need to buy my home first, as i did lose in business previously.
As soon as i buy my property i will, stary business with property.❤❤

[jordanhtiffirg]

Nice Paul, this is exactly what Im doing. I bought a studio flat and moved the kitchen to the living room to create a separate bedroom. It''s currently selling on the market

[jamespawelek-lacey]

My only concern is what money you are using to do the property up with. You may be using money you’ve paid 40% income tax on, when you could do this through a limited company, refurb with revenue then pay up to 25% CT on sale

[SurfSeeker]

Hi Paul, how do you get a mortgage with only £10k deposit? You would need a 50k a year salary to support 200k of borrowing, or is there another way?

[davidmccrea]

I have a £300k house with £100k mortgage. What should I do to buy a 2nd home for rental income?

[MasterChief]

Hi Paul, I am 17 yrs old and doing my a-levels. After taking an apprenticeship in finance, should I start saving money and then do this method or the Btl method as an ltd? Also, how many years did it take for u to be financially successful after 17 yrs old?

[cherryhouse]

Hi Paul, Time consuming in Solicitor paper work. Can you advise is it good idea to have buyer & seller same solicitor for residential property?

Also SIPP money can only used on commerical properties?

[igPooh]

I was thinking of doing something like this. Was planning on saving for a 3ish bedroom property, and rent out 2 rooms under the rent a room scheme. However, if I have the choice of buying a flat/apartment now or saving to buy a house in 1-2 years time what would you recommend?

[mohammedalam]

How do i get 95% mortgage on old build and its in surrounding london.?

[tonyaziz]

What about all the payments for loans etc

[viktorijajonikane]

Hello wise Paul and Team! Im doing your course next week! Yay!
I am eager to change my life and not just live on 1 salary with dept and 0 savings to put my family at risk. I want to be wealthy and free!
I own a home with mortgage, the plan is to release equity as it increased in price since 2 years I bought it by 100k, then buy another home add value and sell it.
But current home Im looking to convert into BTL if bank allows.
Will I need to pay capital gains on 2nd home I buy which essentially will be my main home!? Many thanks. Not sure if you will reply but lets give it a shot.

[gopi]

Hi Paul, How to market my room? I want NHS nurses for accomodation. Not sure whom to contact.

[kaygmusic]

How do I found it which properties I can get a 95% mortgage on ? Also if I don't want to live in the property but just to rent it would I be able to get this type of mortgage . Thanks

[beckyw]

With ìnterest rates stabilising is it still difficult to get mortgage if you intend to rent to lodgers x 2 and whether it is still a buyer's market meaning it takes longer to sell

[deanbrown]

I’ve built a few houses and done ok along the way. Currently own 5 rentals and have £700k equity in my own property. Would you advise selling and freeing up that equity into more rentals?

[johnporcella]

If you have £10, 000, even with a 95% LTV mortgage, to get £200, 000, the lenders would also check that the £190, 000 to buy a residential property was no more than 4.5 times the gross salary! So, one would need a salary of about £42.2k to be able to afford it. That is a huge salary compared to the average. Would it not make better sense to get a BTL mortgage that would not require a salary to back it up, although it might stretch to only 75% LTV?

[planetdata]

Is there a time limit you have to stay in the house before you sell it ? Will the mortgage company add a penalty for selling in afew months ?

[dr.yasirkhan]

That's what I am doing, buying my first home for £90000, 3 Bed freehold house in Middlesbrough and will lodge it as well. After 2 years refinance it and move and make that house to HMO. What do you think? Anyways you and Samuel leeds both are doing amazing work. Claps!

[robertfdumoulin]

Hi Paul
Just gave you a thumb up for that video I have just seen.
Don't you need a job to make this work or could you do this with savings alone???

[NoName-qlwk]

£200k doesn't even get a parking space where I live sadly.