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typically this takes 2-3 months depending on speed of vendor, their solicitor, how quickly you can get your searches back, your survey done and if you need any lending yourself (ie a bridge). You dont need permits for a standard refurb on a freehold property - if it's leasehold, or indeed you are structurally moving things in the property such as walls, chimney breasts etc - then you will need to sign that off from the council.

Thanks for your reply. How about refurb duration? For example this house?

Glad you enjoyed the video Micah! Mentorship depends on what you need help with, and whether I have space :) Drop me a message when you are ready and we can have a chat!

Interested to know how come? I always use them, not much more expensive, look fresh and also don’t get dirty as easily as standard silver taps.

Hard to say isnt it, but dont forget that many manufacturers offer 5 or 10 year guarantees, and builders know which brands are the best based on their experience. Overall, it's important to look at the bigger picture - house prices in south Wales are due to rise 26% over the next 5 years according to Saville's - issues like replacing your boiler sooner than expected are relatively small fry compared to where the real wealth is built if thats putting you off. hope that helps.

@@matthewcox6490 I was thinking that I have 2 old Potterton Neataheat boilers in my house for 30 years and never had to do more than change a 1 PCB board and 1 fan at £20 each in that time myself.

@@johntheaccountant5594impressive lifespan that! You may be right in that quality isn’t the same anymore, but at least we’re all on the same playing field. One of those ‘is what it is’ situations.

Pleasure! Glad it was useful and good luck with your future project!

Thanks very much!

Unfortunately all the Wren kitchens I've seen haven't been good quality, and/ or look cheap. Thats just from my personal experience. I've even found it sometimes with DIY kitchens too. In my personal opinion Howdens are probably the best suited for most projects!

Correct :)

Thanks Richard. Mistakes are always expensive lessons to learn haha :D

Thanks! :D

Cheers Mick!

Also wondering about this

Depends on your available time. If lots of time available, I would look at doing a combination of sourcing, flips and BRR properties. The buy refurbish refinance process will help you build up a portfolio and build cashflow. The sourcing and flips will help you replenish capital! 💪

@@JustinWilkins need a good A to Z video on deal sourcing

Great mindset to have and good luck with your final exams if you’re about to take them 👏👏

Thanks 🙏

Appreciate you mate! Thanks for sticking with the channel 💪😃

Thanks bro, great to hear from!! Hope you're well :)

Investing in Crypto is a good idea, a good trading system would put you through many days of success.

As a beginner investor, it's essential for you to have a mentor to keep you accountable 🤷.

Talking to an expert like Gillian Sara Sheeran to reshape your portfolio is a smart move.

How please, I'm pretty new and feel I have much to learn, I would appreciate if you show me how to go about it.?

She is really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment

Hi! Drop me a Dm on instagram @justinnwilkins and il link you to their page

Not every refurb is perfect. Would love to see how perfect you are? Show us your work mate 👍

@@JustinWilkins i wouldnt have done that , thats for sure,

This is my main and only job - I run PropertyX and most my income is from sourcing, then rental income from my portfolio and mentorship 🙂

😂😂

A lot of accountants shy away from recommending pensions as an allowable expense. Not because they're against pensions, they know they're great. They shy away because it's not an area they can advise on and can't recommend specific pension providers or portfolios.

Thanks for these Liam - lots of useful points for other viewers! 💪

He that can have patience can have what he will. - Benjamin Franklin

@@JustinWilkins no, just literally list the prices lol

£1m is asset value. Equity is at around 40% of that

correct, all bedroom doors and one kitchen door is fire door. they're not £400, but are more expensive than standard doors.

Another thing to note. as a buy to let, this brings in maybe £900 per month. as a HMO it brings in £1,400 a month. even if doors cost £800 more, it's worth installing them just for the long term gains.

it's all about the GDV., thats the most important factor - I need to get the highest valuation possible, so I can pull out as much money as possible. rule number one, have the best looking house on the street. The fact it's going to social housing banks me the highest rental yields. this way I get the best of both worlds.

​@matthewcox6490 I see. How did you figure out how much painting vs. rendering would increase the GDV? Also, how much would painting has cost without the render? Cheers

@@domever7899 the bottom line is you're comparing your house to others on the same street / immediate area. you need to point out straight away that your house is the best looking, best curb appeal if you want to have it valued higher. Render can be an overkill, I dont always do them, but the truth is other houses on the street were rendered and it cost me £3000 more to render than painting. I'll also own this property for a good 40 years+ so I know I want to finish it to the highest standard possible regardless of what tenants I have. wont always be social housing for 40 years.

Thanks Jack! 🤝

No, after experience and chatting to builders - we find that ewi is not that effective, and very cost ineffective. Instead, we put in new internal insulation and this made the property compliant for building control, and to help keep the house warm. Hope this helps

​@@matthewcox6490 very wise ... EWI is real crap and actually causes damp. The narrow coridor in the utility: if that is less than 600mil you wont get the washing machine in there - no w/m is less than 59.5 wide and usually around 55 deep. Good luck with that . . . 4 separate rooms will perhaps mean 4 cars, neighbours might not be pleased with that - sorry to sound so negative 😮

​@@matthewcox6490I was thinking of getting EWI on my home and was quoted £14k. Is it really a waste of money?

@@joline2730in terms of parking, hmos tend to have less cars than standard households - especially these tenants - so no issue. And what’s more, with the greatest respect, if planning was given what can the neighbour do? For washing machine we can build it in no issue.

I've negotiated in the region of 25-30% off of nearly every property I've bought (except 2 houses). Please take this as constructive feedback - if you are not finding any agents that will help you / bring you properties, then you to look at what questions you are asking, what you are doing to build a relationship, and who you are speaking too. Whilst I will agree with you that a large percentage don't know answers to questions, can be difficult to work with, there are some awesome agents out there! Re direct to vendor communication. An estate agent is never going to facilitate that, because it cuts them out of the deal. If you want direct to vendor communication, then you need to be sending out letters, knocking on doors, running ads to find these type of people. The gentlemen that sold me his properties cheap wasn't stupid, and he certainly wasn't a relative... he was desperate to sell quickly and wanted to get out of property. Simple as that. For the same reason that people sell cars at WeBuyAnyCar for a discount, and the same reason that people pay the premium price of £4.70 for a Starbucks coffee instead of an instant coffee. People sell cheap for convenience and to remove pain/stress, and people pay a premium for convenience if it means getting a better product quickly. Its hard to believe if you've never done it, or seen it happen. But there is literally hundreds of investors like me out there buying cheap properties. Instead of questioning whether it happens, I'd recommend learning how to and putting more effort in. Hope that helps and thanks for watching! Justin

Agreed, the quality of Mitch's houses was something else!