How To Buy a House Cheap in 2024

Are you looking to buy a house in 2024 but worried about the costs? In this video, we'll share the cheapest way to buy a house and provide valuable property training that will help you make a smart and affordable investment. Watch now and start planning for your future home!

Video Chapters
0:00 Intro
0:39 The Problem
1:41 The Strategy
5:47 Case Study
7:38 Secret Twist
8:16 Creative Strategy's

🗣️FOLLOW ME ON SOCIAL MEDIA:

*WARNING* Samuel Leeds will never give out his number in the comments of this YouTube channel. There is currently a channel impersonating Samuel Leeds and commenting on videos with a number to message about investing in cryptocurrencies so please beware of this.

#PropertyInvesting #cheap

[sul]

This is some of the worst advice i have ever received. Becoming a slave to the bank and continuously getting larger and larger loans is not a way to live life. Regardless of the number of properties you may have. All you're doing is paying interest to banks and making bankers richer. This guy has skipped over a lot of key factors such as the deposit for the second loan, the MASSIVE headache of selling a house, the legal fees involved with all the processing, the extensive time, effort and money even for simple refurbishment.Most fix rates are also a min of 3-5 years. NOT ALL HOMES WILL DOUBLE IN VALUE. Buying a house is impossible because salaries are stagnant and cost if living keeps going up.

[greendevelopments]

This is exactly how me and my girlfriend started out in property 2 and a half years ago! We now own 8 properties 👌🏼

[nepkzcv]

I did this a year ago currently renovating it mad am ahead of the game this has made me feel like boss ahaha

[lurkzie]

What about legal fees and surveyor costs?

[Lemxns]

You say it’s not click bait but look at the thumbnail 😂

[HeraldTheGoodNews]

It’s good for first time buyers. Not sure if there is anything for someone owning a house already and wanting to buy an investment property…

[nepkzcv]

I would love to come on the explain what I did, I got a 95 percent mortgage on a 175, 500 the house was up for 200, 000 btw, got below market deal as got tipped of that the seller was desperate. The house needed renovation, and am a builder so currently renovating. Like you say tho am in a 2 year fixed mortgage but can pay a penalty and refinance sooner than that. What makes it even better I had a help to buy isa that I maxed and got given 4000 for free of the government! So I paid in total for the house a payment off £4775. For a £200, 000 house ! And at the time I came up with this idea and fitting by many that I would get black listed and it wouldn’t work so to see you post this video has really made my day !

[shaneninetyone]

Damn Mr. Leeds you are looking fresh in this one! Thanks for the useful content my man!

[mblake]

What is the best for buying a second property if you currently own a house on a residential mortgage ?

[voice.of.reason]

Misleading statement - Houses do NOT double - even on average - every 10 years! The only time they have done this is periods of high inflation eg the 70s, but in adjusted for inflation they did not double. Just look at the nationwide index to see it for yourself. If you bought a house in 1988 for £57, 245, 10 years later it would be valued at £62, 903 accounting for inflation. You could select many 10 year time periods where the value actually fell a lot. In nominal terms, house price growth was only approx 5.3% a year over the 30 years from 1991 to 2021. But in real terms – after inflation – annual growth was only a little over 3%

[mushroomheart]

Great vid. If i buy on a residential / no stamp duty / live in it, but then switch it to buy to let later on, / rent it out, is there a stamp duty charge later on or does it get forgotten about?

[jorgeevans]

Does this strategy only work if buying personally? is this method redundant if buying through a company?

[dnnx]

So basically get a concent to rent? I tried doing this when I purchased my BTL last summer and was advised not to as not all mortgage companies accept it. Is this still the case or are more lenders accepting now?

[jjmstudios]

Section 24 now applies to furnished holiday lets!! Did you watch the budget 😂

[luxdoctor]

Can this be done if you buy the residential via ltd co or does it have to be in your name?

[TheDomainNameGuy]

In the states landlords are having to give away approx 2 months free rent to try and tempt tenants as all the landlords compete for the same tenants as landlords are running out of tenants to pay their mortgages for them

[harrypomeroy]

Pretty much impossible to get holiday let mortgage as first time buyer without prior but to let experience???

[unisi]

Gosh! Caught this one right from up in the air! 😂🤣😂

[RattleSack]

Oh sick, this is basically what i was unknowingly planning on doing anyway - does this same tactic work with a flat?

[josh_gresty]

Is exactly what I am in the middle of doing!!