How to calculate equity in your property

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[jackdavidsmith]

I wouldnt even bother painting over that…
Great video as always mate 🙏

[DanielBenstead]

Hi Justin, great video thank you. Might be a silly question, I bought my place for 84k, and have around 61k left on the mortgage, does that mean I can take out 23k equity and if so could I use that money to make an overpayment on the same property, what would be the pros and cons of doing this?

[samcolcombe]

Amazing video thank you for sharing me and my partner are in this exact position we want to pull equity from our home to invest in property I live in the South Wales valleys so property is much lower entry point that other areas I have done a flip before and would want to use the BRRR strategy I am due to qualify as an electrician within 3 months and want to start building a portfolio

We purchased our home less that 2 years ago for 100k 10% deposit and completely gutted it a neighbours house a few doors up went for £180k! Same terrace house type

Would to recommend us selling our current home or keeping it pulling equity out and investing it to start out BRRR journey?

Thank you again for the amazing content I always look forward to your videos

[PingpongNOLO]

Hi Justin. I bought my property for £182 000 and it is now worth £190 000, i put down £40 000 as down payment. I didn't do any overpayments in the first two years but now I'm paying £300 extra on my mortgage to build up my equity so that I can buy another house in 2 years with the equity. Do you think this will be enough to give me a good deposit when I remortgage?, how do i make sure that my overpayments are high enough to help me in building a higher equity so i can take out more money later on?

[sahinahmod]

Do you not have to be 55 Plus to release equity?

[MrPws]

Hi Justin,

bit of advice please, If you have 80K would you buy a house outright for 60K spend 20 on refurb, then refinance ? of would you just put down 25% deposit and do finance from start ?

Any advice very welcome

Kind regards

Paul

[Fantasywonder]

Is my monthly mortgage that I am paying going to change?

[samb]

Hi how do you find a good builder to do work on your refurbs

[coffeejazzvibes]

Do you inculd auction fees in the purchase price?

[Environomics.]

You lost me at 5:34. What do you mean by "remortgage"? What does that mean? Does it mean restructuring the loan on the current property? Or getting a new loan on another property using the equity of 128, 000 (I like to call this GROSS equity because you dont include stamp duty and agency fees, or enhancements etc)

[mnew]

All you’re talking about is Leverage. Great on the way up, Ruinous on the way Down!!!.