How to Stop Investors STEALING Property Deals? - Q+A Samuel Leeds

Another Sunday, another video! I love answering your questions and being part of your property journey. Here are timestamps of the questions to help you navigate easier through this video and don't forget to put your question in the comments. I might answer your questions next week.

⏱️ TIMESTAMPS
1:04 Is there a way to buy a second house with a 10% deposit?
2:07 Can you legally live in your own rent-to-rent/ and, or lease option agreement property?
2:36 What would you suggest the best method of connecting and attracting investors is, especially in the current climate.
4:08 How can I find out if the area I like to choose is right and I will have enough customers each month?
4:59 Can I rent out a room in a property I have bought to live in? Is a residential mortgage fine or I need a buy-to-let mortgage?
5:46 I am 77, I have just got a mortgage at 3.35% by applying through a Limited Company. The mortgage company wasn't interested in me, they were only interested in the property I wanted to re-mortgage.
6:56 How do you sell a deal to an investor without them stealing the deal and cutting you out of the picture?
7:14 Please explain your experience of when an investor pretended to know about a property you found them.
8:57 Can I get one solicitor to represent the seller or do you recommend I get one to represent me as well, I don’t want to if it’s not necessary?
10:25 If you decide to use Land Registry to contact a landlord directly how would you explain to them how you found their details without scaring them off?
11:29 How much does it cost to start up a serviced accommodation unit? And do you recommend paying a deal sourcer on the first unit?
13:07 How do I convince my dad to take me to the crash course because I am too young he isn’t taking me seriously?
14:34 Which HMO management firm do you recommend as I've heard some horror stories.
16:23 I’m 30 and own two rentals properties with my third going though at the moment I got two 0% interest cards before Xmas 12k a 6k limit I used the cards instead of the money I earn from work I have the money I would have spent day to day in the stock market worth about 21k at the mo but the problem is my credit rating is really poor now as I've maxed them out would you just pay them off or half off or by a 4th rental property.
18:17 I want to turn my property into BTL once the fixed term expires
20:48 I have a 180k mortgage on a 250k house with wife and kids, is there a way I can get into buy to let housing as a passive income with little savings

🗣️FOLLOW ME ON SOCIAL MEDIA:

#SamuelLeeds #PropertyInvesting #Q&A

[georgec]

Let’s say I had £250, 000, would it be better for me to invest in 2 cheaper houses or 1 more expensive house, I would want the house/houses to go up in value and which one do you think I could get the most rent from? :)

[A_D]

How do you find land do build property, finance it and work out how much all the materials such as roofing and flooring will cost?

[winstonsimpson]

Great content Sam. I watched one of your videos from a year ago yesterday. It was about taking equity from your residential property to use to buy BTLs. On the video, you gave an example of a skint lady who had 300k equity in her house and you told her to get a 75% mortgage (225k) on the house. You didn't explain how she would be able to get this mortgage if she was already struggling. Someone asked this question on that video but you didn't reply. Replying to these sort of questions will make your methods more transparent and fill in the gaps for the layperson

[Chris-zxez]

Is co-sourcing property deals with an established seller a good way to get started in property? I make about £1600 a month and my outgoings are £1300 a month and saving for a house will take years.

If so, where do you recommend I source BTL and BRRR deals? Any particular cities?

[JS-yitg]

Hi Samuel, we have watched all your videos, thank you for the honest and in depth information you are giving!
What do you think about market in Northampton? We have a deposit for buy to let, shall we wait until next year and see if prices will crash and then buy a property, as as now ROI about 15 to 18% (average house 180k with a rent of 800£) or just buy an old house and flip it boosting the value and renting it out?
Also, if my mum wishes to give me some money, does it have any complications if i use it towards my deposit? Thank you for an advise 😊

[skpm]

Hello Samuel
I was wondering if there is any books you would recommend on commercial property? Or how to look into that area?

Thanks in advance

[Mrzaydab]

I was wondering if it would be sensible to start purchasing properties through my name and move onto doing so in a limited company as I expand my portfolio and thus enter a higher tax bracket. Although I can see the tax benefits of buying and selling properties through a limited company, I don't understand how you could create a reasonable passive income from rent if you are taxed twice (cooperation tax, then income tax). I understand you can't give tax advice but your opinion would be great. Thanks Samuel.

[thecrypto]

Hi Samuel Leeds. I would like to know as a property investor if you need to have insurance on a property at all?

[andyj]

Can you sell deals on the Dealsourcr app without becoming compliant ?

[Matt-goss]

Don't *extremely* hard to get credit of any sort right

[sam.p.hawkins]

Hi Samuel, similar to the question you answered last video, I was planning to use Land Registry to contact the landlord of a property that I’m interested in trying to do a LOA with as I’m only 17. I just wanted to know wether this is a good way of going about this or if there’s any other ways that will be more effective?

[moneebaziz]

Hey Samuel.

Been following your videos recently as just came across them. Really motivational and I'm eager to get started.

Just wanted to ask, let say if I were to start scratch as per your financial freedom. I start off sourcing properties and I know I need to be complaint. Would I need to setup a company. My intention is to to source and use those funds to put it into lease options and rent to rent.

Let say i setup company, source properties and use that to fund the lease options and rent to rent. Or would I need a separate company to put all my my lease options and rent to rent away from the sourcing funds.

[alanmuraad]

Hi Samuel, do you have any tips on doing the due dilligance for R2SA? Like how to check the head lease and get permission from the mortgage company? Also to get the details of land registry to contact the owner does it come with phone number emails etc?

[sajwali]

Hi Dear, How soon one can realease equity from property ( I mean remortagge )? as there are penalties to pay such as early redemtion charge. Thanks in advance.

[liambarlow]

In rent to SA which is is the more difficult part, finding the a good property or finding a landlord that’s willing to let you use their property?

[jameswilkinsonofficial]

Hi Samuel, I’m from the UK (Jersey) but I’m in Singapore currently working. Would you recommend I use a deal sourcer when I’m trying to secure a buy to let property? Or should I wait until I can get back to the UK?

[TheInvestingVlogger]

Hey Sam, I'm looking at purchasing a property to convert to a HMO. Since your a HMO expert I was wondering if you could confirm if there is a minimum room size to convert a 2 bedroom into a 3 bedroom (by adding a partioning wall to create extra bedrooms). Also what are the additional requirements, for example a window for ventilation and fire safety etc...as I'm looking to convert a 3 bedroom to a 5 but depends upon any requirements. thanks mate

[milrea]

Hi, I have two residential mortgages, I'm due to remortgage now on my second home. But because of the banks valuation and the fact that the repayments are largely towards the interest rate, they are saying that my LTV is 82% I would like to go with another bank which I think would get me a better repayment deal and lower interest rate. Brokers are saying its easier to stay and I would need to earn 102k to go with another bank for a residential mortgage....does this sound right? Btw I don't want to turn my second home mortgage to a BTL because of that capital gains tax if I do decide to sell one day.

[jr]

Hi Samuel my siblings and I are buying a house from a family member in a ltd company. Its currently a 6 bed town house in a busy town centre.

We want to make it a fully licensed HMO, my question is can we buy it with a BUY TO LET mortgage to benefit from the favourable interest rates, then refurb it and get it let as a HMO. Or do we have to buy it with a HMO mortgage?

Thanks Samuel was booked on the crash course but missed out due to lockdown, really appreciate your videos and training.

[ifuss]

What are your thoughts on the government imposing eviction bans?