Most POWERFUL property strategy 🚀

[williampoole]

Cost a bit more than 15 grand to tidy-up a run down house wouldnt it?

[matthewdobson]

In a nutshell, everything that's wrong with our housing market and driving prices up for tenants and individual property owners alike. Needs to be stopped.

[kano]

No way a slightly rundown house is 40% cheaper than the neighbouring houses. Where's the stamp duty. Only 15k to refurbish a whole house... I can't get a builder to come over for a tea for anything less than 10k. Given you bought the house with a mortgage, I assume you've taken out a minimum of 2 years, so you have to wait for that or pay an early repayment charge before refinancing. You forgot about the product fee in the mortgage and all other associated costs when buying or remortgaging a house. Also, while it's being refurbished, who is paying the mortgage? Soooo many holes in this video it's crazy!

[SentinelSays]

"Here's how landlords buy up as many properties as possible, ensuring they have a monopoly on the market, squeezing out genuine buyers and then charge obscene amounts for run down properties they've fixed on the cheap". Fixed your title.

[joeysingh]

I'm a Mortgage Broker & this guy is talking waffle100%

[MrBeats]

As a landlord, I don’t bother myself with the low end of the market as the tenant demographic is usually the type I want to avoid

[nigelponder]

And ladies and gentlemen, the reason why housing is screwed. Soon as homes become a commodity, we are doomed

[BeastMovies]

Ya, the tenants then destroy the house and won't move out. One bad tenant and this chain ends in bankruptcy.

[MR.ANGRYHIPPO]

Buy to rent is more than 25% deposit I believe and £15000 won't cut it if you need new elec and plumbing

[derrick]

I got a house for £2 put £10 into it and sold it for 500 million .

[BettySwollocks-qwtd]

Is that Jay from the INBETWEENERS ..?.🤔 ..What a complete HELMET ..🙄

[kheit]

Interest will bury you when the rates keep hiking.

[Optimistictoffee]

I bought a can of lidl beans for £0.15, refurbed the can at a cost of £0.9 . Went the bank to get money out on the beans . They told me I’m insane and there’s no way they will do that and basically told me to do a runner. So at the moment I’m refurbing a pack of runner beans . I’ll keep you posted

[nicholaswright]

Yes but where does the £60k for the purchase in the first place? Yes it might be mortgaged but a deposit is needed and what about the refurb budget, no explanation where this comes from, not to mention it will cost a lot more than £15k

[CraigPrestidge-ydnj]

I’d love to know how you can do a full repair on a rundown house for 15 grand new roof windows central heating rewire damp electrics, kitchen and bathrooms for 15 grand good luck sunshine

[SteveRogers]

The Rent is taxed heavily. Interest rate increases are a massive risk.

[XTSu-slbb]

Maybe this worked before but not with high mortgage rates

Don't forget that having a privileged life always gets you about 1000 steps in front of anyone struggling

[badgerboy]

This is common knowledge that buy ro let Landlords do. The problem is you will have to wait 6 months before you can remortgage and you have to find tenants. In areas were the houses are 100k you will struggle to find reliable tenants and pay your mortgage. This can work when the economy is good but at the moment its a recipe for disaster. Thats why you are selling dodgy online ingo instead if actually doing the houses

[dr.robotnik]

This lad’s making so much money from this that he needs to sell you a class. 😂