My First Buy-To-Let Property - FULL REVIEW (4 years on)

great work 🔥🔥

Flipping too soon is what the problem was, nothing to do with it being in your Company ... ... said this b4 and say again : do your own homework to get finance - there are too many out there who are VERY happy to lend 😏

Good work Justin it’s looks a good deal and after a refinance you’ll have pulled out all your original deposit 😊

Great vid ! Great update ! Looking forward to hearing about more of your properties and how they are going too 👍

Man the editing is such high quality!

Great video as always buddy

Kinda preferred the old camera angles and editing , keep it simple !

Is this a interest only mortgage or repayment ?

Amazing video

Great video and good returns, this is the kick i need to get into property investing! Subscribed!

What about those cunning negotiation tactics...?

Great video Justin. I’m halfway on saving for my first Turn Key.

Great video Justin thankyou. One question - you alluded to putting a 20% deposit instead or 25% down so you cN move on another property. Does this not increase your risk and over leverage? Case and point noone could have predicted the mini budget and hike in interest rates. Would this not risk tipping you into neg equity?

Hi Justin, been watching you since day 1, great content.

Given current times of high interest, what do you think of b2l? Doesn't seem worth it as it was couple years ago.

Really liking the revamped content mate, video looks awesome!

Sorry for the silly question question but is this a interest only mortgage or normal buy to let one?

How did you learn to source deals in the first place, self taught?

lol wtf, erratic investor for selling a property, LMAO

Nice work. Been watching you for some time since you bought this property and now viewing some myself. Got an offer on a london flat though has a low lease. If things go through i plan to save up and pay to extend the lease which will instantly increase the value then likely do equity release to recoup that money and then possibly use that for the next property. This place id plan to keep long term and likely be my own place if i get married so not too focused on huge profits but to build up equity

The gross yield should be done on current value of the property. Unsure why you would use the purchase price.

Is it always convenient to ask for a credit or, in an ideal scenario, buying the flat with cash in hand?

If your mortgage payments are more than the rent you're getting per month, how are you making anything other than when you sell it?

I have just completed my first HMO back in November and I can relate to feeling pressured to get the tenants in asap. I made a mistake of rushing for one of the rooms and regreted right away. Luckily the tenants left in 3 months.

The house looked in great shape. What jobs did you and your family have to go in and do please? My wife and I are looking at getting a buy to let - we dont have families that could help sadly so would need to pay or do work ourselves.

Great video! May I know why lenders don't approve refinancing of properties in your buy to let company because you are deemed to be flipping properties? Is there disadvantage for them?

How much interest did you forgo on your deposit.... lets say 4% over the three year period. How much did you spend on ongoing maintenance !
How did you pay yourself monthly for the labour and management and how much set aside for the total refurbishment allowances at the end of renting, because the valuation you had was when the property was looking at its best... not after renters have not looked after it or the garden for a number of years... the longer you rent it... the more maintenance will cost as everything becomes more warn and old again... the reason I ask is because obviously this is a business, not a hobby, so you do not seem to be including everything when giving us your costings... but you do seem to be giving us everything imagined for your profits, which to me is a little disingenuous... because that's not how companies run profit and loss accounts.

So are you practically getting to mortgages. 1 when you flat buy the house and then your 2nd when you refinance the property?

Maths calculations were wrong and incorrect.

Also, you forgot to include interest you paying when calculating ROI