Buying RENTAL PROPERTIES for BEGINNERS 101! | Property Investment UK

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.

APG

I have £50k of my money to put down, is that enough to get onto the ladder. Last time I checked I could get £115k mortgage.

Hi Jamie! I’ve been watching so many of your videos on and off for the past month and a half. Having only ever lived in London and in Canterbury, both of which are steep in terms of housing prices, I had in some ways given up on the idea of owning a property in the next 5 or so 7 years. But watching your videos has educated me so much and given me hope in terms of being able to invest in property.

I have some questions though. We are currently renting in London and do not own any property.

1) would you recommend someone to invest in buy to let when they don’t even own the property they’re currently living in? I think it’s fine to do so because I really see it as an investment. We would definitely still be able to afford another outgoing of £500pcm towards whatever needs to be done although I’m hoping the property pays off its own mortgage and we can rely on the 500 for vacancy periods or fixes and repairs when we ultimately have them.


2) Is a property manager worth it for someone whose just starting out?

3) would you say it’s better to take out a shorter term mortgage when you’re of course able to afford it, maybe even using some of the £500 I mentioned above to add onto the mortgage payments to speed it up so in the long run we can pocket the entire rent payments? Or is that putting added pressure for no reason?

Also want to thank you so so so much for your clear and honest videos. I have learned so much and you really have pushed me to start saving for that deposit where I’d normally blow it on luxury goods that I could have right then and there ‘because owning a property in England was 10 years away anyway and I had plenty of time to save till then’. Super wrong mentality.😅

Great content from you Jamie keep doing what your doing mate 👍

Great video. I have recently purchased with you and your team were amazing. Andrew and Terri were brilliant. Looking forward to building my portfolio with Aspire. Thank your team again.

I'm looking for my first rental. I went to the bank before I even thought about looking for a house. I also did the same thing when I bought my house. It's plain common sense.

Morning Jamie, I'm looking to get into the property and will be leaving it to my son when I'm gone (hopefully not for a few years yet), would you say it is best to do this under a Limited company ? if so would it be best to have this set up first ?
Thanks Glen

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The 125% ICR is normally at a stress tested rate, so not necessarily just 25% and the mortgage payment.

I completely agree that rental properties can be one of the best investments out there. I appreciate your advice on not rushing to find a property before securing financing. It's also helpful to know what makes a good rental property, and your recommendation to stick with freehold properties and avoid flats is very insightful. Your Aspire Property Group sounds like a fantastic resource for those looking to build their rental portfolio. Thanks for sharing your knowledge and experience!

Hi Jamie which you prefer for BTL interest only or capital repayment mortgage

APG

If you are aged 62 and retired with a 25% deposit (so dont have a £25k salary) how do you finance a BTL?

APG

Apg

Jamie...outside of buildings insurance..what insurance do you recommend for a BTL. Assuming the furniture belongs to the tenant

APG

APG

Apg. A challenge - mini hmo at Temple Hill - possible?

Great vid

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APG

Great content as always 😎

If there is limited capital at the present time, thoughts on purchasing a BTL flat if a freehold BTL terraced is already within portfolio? Or better to wait & save for another freehold terraced?

Thanks for the video, Jamie. Can you please elaborate why centrally located apartments in city center built by reputable developers are a bad BTL fit from your perspective? Outside the fact that we won't be owning the land itself.tx

if im entering a joint venture with someone does each salary need to be 25k or can both salaries reach it?

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