How to BUY 6 PROPERTIES with £60K? | Property Investment UK | Buy to let UK | Jamie York

Do you want to know how to buy 6 properties with £60K? Have you already bought 6 properties with £60K? Did you know you can buy 6 properties for £60K? Well this video is going to give you some all important tips and tricks to show you how you can buy 6 properties for £60K!

Let me know if this video has helped, would you now look to buy 6 properties with £60K? Leave a comment below it would be great to hear everyones experience!

Remember to check out LENDLORD HERE! -

----------------------------------------------------------------------------------------------------

Before you go make sure you've subscribed to not miss out on the latest property investment videos!

[JamieYork]

Yep, hands up! I got the calculations a little wrong l! 🤦🏼‍♂️ but hopefully you get value from the theory about how this can work!

[tomce]

Jamie, this would only work in theory. I don’t think you can get away leaving 10k in property- this is no longer the case buddy. Labour cost went up and so utilities which u need to pay while refurbishing.. insurance; agency fees; certs- will kill it. Also imagine now doing BRR within current mortgage offers and interest % - your cashflow would be negative man.. nice on youtube, not so nice in reality buddy

[piersfisher]

Only works until the mortgage surveyor comes out and undervalues it, then your screwed or as the market is now on the decline leaving negative equity 😮

[jamesclamp]

I done this in 2006-2008 and started with 15k bought 1 property done it up then 2 years later and 27 properties only with the £15k started with but then the banks shut down the borrowing capacity so you really have to be savvy now a days, spread the risk buy refurb sell, BTL, and Serviced accommodation also rent to rent.
These strategies will work in any market but only if you are set up in the first place.
Good luck
Good info on these videos and gets people thinking which gets the power multiple minds thinking.

[SuperHaha]

By refinancing, hasn't your loan on the property gone up from 75k to 105k?? Isn't it important to keep the debt under control otherwise the rental won't cover the monthly interest payment. Your property rent will remain same but you have increased your mortgage payments by refinancing?? What's the point of having 6 properties with debt that the rent can hardly cover? Specially if the properties are bought in an area where the value doesn't increase then its pointless creating a portfolio where there is no rental profit and no increase in value of properties.

[PCG]

If you have a 100k and bang a deposit on 1 House, spending 10k or 20k deposit wheres the refurbishing money coming from? Wheres the solicitor and estate agent fees coming from? Could use the bridging but that also costs high interests rates to borrow 🤔. I have a 100k cash to invest but thinking to put a deposit down and refurb with extra cost say 20-30k depending on value to add ie exstension on back or extra rooms etc. I'm also finding in todays times the rent is pretty much the same price as mortgage repayments and if you have no tenant who covers all the council tax and bills? Serviced accommodation or hmo is probably only way to go to make any profit nowadays.

[azizrahman]

Listen dave, all well being said!! This cannot be done without you having a job and 6 month payslips period!! 60k this minute will get you A house!!!
As per above!!!

[karenalexander]

Hi Jamie, have you thought about setting up your own letting agency for your investors and your own portfolio to help protect from rogue tenants and also ensure your investors abide by regulations which are ever changing in that way you could be closer to future opportunities for rental properties where a quick sale is needed and sellers come to you as an option as you have investors ready ?

[nikkion]

I dont know where you can find a BTL mortgage with 25% deposit these days.
The max loan is based on rental value.
Besides, if property needs full refurbishment then it may not be eligible for mortgage in the first place.

[Neddiek]

I will have mixed that a bit, buy 2 flip 1.

[Ericohanmu]

You didn’t add stamp duties and legals which is 5k

[michaeltaylor]

Even if you manage to get the survey value to where you need it to get most of your money out, the mortgage lender will demand you have “skin in the game” and reduce the LTV on the loan to make you leave more money in.

[andrewwalker]

I've been property developing for over 20 years and My last 2 properties (November 2022 and beginning of January) were under valued by the mortgage company making it impossible to get to the 10k left in. I would say 25k plus is more the norm.
Something that really was annoying was 2 other identical property's have recently sold for 168k and 170k.
After a full Refurb I valued mine at 165k. The mortgage company said sorry it's 140k...

[tombfc]

Unless you're a 1 in a million investor, which if you're watching this video, you're not, you cannot get 6 properties with 60k. Absolutely not in the current climate. DON'T FALL FOR THIS SHIT, saddle yourself with bridging loans and hit issues you're in big trouble.

[DailyRefined]

Not fair making the renters pay high prices to cover your debts, these methods make certain individuals rich whilst causing greater harm to society as a whole.

[obelixas]

Where is legal fees where is stamp duty, broker fees

[neilcriddle]

Can you let me know what make of white board you use please Jamie?

[simplifygardening]

lol Jamie. 105k - 75k = 35k? REALLY lol. not when I went to school, Jamie, hehe. only playing though, mate I get the principal.

[bestnn]

Tried this twice both times the valuer undervalued our property . This was in Liverpool . They are severely undervaluing properties now and over charging on labour ! It’s not as easy as it sound unfortunately.

[lukeqq]

Jamie i'm a uni student and want to get into property. What is the best way to do this going forward in my situation?