![Justin Wilkins](/img/default-banner.jpg)
- Видео 237
- Просмотров 2 485 320
Justin Wilkins
Добавлен 26 июл 2018
Property Investing & Sourcing
Our Client's First BRR Buy-To-Let Property (All Money Out)
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter
🚀 Learn Property Investing - www.property-x.co.uk/education
🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing
Thanks for watching and supporting!
Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
🚀 Learn Property Investing - www.property-x.co.uk/education
🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing
Thanks for watching and supporting!
Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
Просмотров: 2 749
Видео
Lessons From Building a £1,000,000 Property Portfolio (Asset Value)
Просмотров 3,8 тыс.19 часов назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
The Best BRR Opportunity of 2024? UK Property Investing
Просмотров 3,2 тыс.14 дней назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
How I Buy More Properties with No Capital
Просмотров 8 тыс.Месяц назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
Buy to let Basics! UK Property Investing for Beginners
Просмотров 14 тыс.Месяц назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
I Purchased a Tesla Model 3 Highland 2024
Просмотров 8 тыс.Месяц назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins Timestamps: 00:00 Intro 01:36 Features 03:...
How To Tax Efficiently Structure A Property Flip
Просмотров 4,4 тыс.Месяц назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
My Property Update & Market Predictions
Просмотров 3 тыс.2 месяца назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
Showing 40 Property Investors How To Purchase More Properties
Просмотров 2,5 тыс.2 месяца назад
To join PropertyX Mentorship & Community: Complete our application form 👉 form.jotform.com/231692720725356 🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe ...
Bridging Finance Explained: How to do BRR Buy-To-Let with Bridging
Просмотров 5 тыс.3 месяца назад
🏠 FREE 5 Minute Weekly Newsletter - www.property-x.co.uk/weekly-newsletter 🚀 Learn Property Investing - www.property-x.co.uk/education 🏛️ Get Sent Sourced Property Deals - www.property-x.co.uk/sourcing Thanks for watching and supporting! Join me in building a property portfolio, subscribe and follow me on Instagram, Tiktok and Twitter - @justinnwilkins
2x Social Housing HMO Tours in South Wales
Просмотров 5 тыс.3 месяца назад
2x Social Housing HMO Tours in South Wales
Purchase MORE Buy-To-Lets using this ONE SKILL
Просмотров 2,9 тыс.3 месяца назад
Purchase MORE Buy-To-Lets using this ONE SKILL
[6 BED] HMO House Renovation Tour with Oli Walsh
Просмотров 3,3 тыс.3 месяца назад
[6 BED] HMO House Renovation Tour with Oli Walsh
Lessons from 70 HMO Purchases with Aston Haslam [PODCAST]
Просмотров 2,6 тыс.4 месяца назад
Lessons from 70 HMO Purchases with Aston Haslam [PODCAST]
My Latest Property Investment Road Trip in 47 Minutes [VLOG]
Просмотров 10 тыс.4 месяца назад
My Latest Property Investment Road Trip in 47 Minutes [VLOG]
If I wanted to build a property portfolio in 2024, I’d focus on these…
Просмотров 9 тыс.4 месяца назад
If I wanted to build a property portfolio in 2024, I’d focus on these…
My Latest Property Refurb - BEFORE & AFTER
Просмотров 17 тыс.5 месяцев назад
My Latest Property Refurb - BEFORE & AFTER
The TRUTH Behind Self-Managing vs. Full Management
Просмотров 2,2 тыс.5 месяцев назад
The TRUTH Behind Self-Managing vs. Full Management
Truth About Refinancing & Interest Only Mortgages... Q&A
Просмотров 3,3 тыс.6 месяцев назад
Truth About Refinancing & Interest Only Mortgages... Q&A
Should You AVOID FLATS for investment?
Просмотров 3,6 тыс.6 месяцев назад
Should You AVOID FLATS for investment?
Buying a Commercial School House through a SSAS Pension
Просмотров 3,2 тыс.6 месяцев назад
Buying a Commercial School House through a SSAS Pension
My Method for Setting Goals in 2024
Просмотров 2,1 тыс.7 месяцев назад
My Method for Setting Goals in 2024
Buy Refurbish Refinance - Calculating the ROI & Refinance
Просмотров 6 тыс.8 месяцев назад
Buy Refurbish Refinance - Calculating the ROI & Refinance
Secret to Creating 100 HMO Bedrooms with Mitch Nunn
Просмотров 12 тыс.8 месяцев назад
Secret to Creating 100 HMO Bedrooms with Mitch Nunn
5 Proven Methods to Find More ££ For Property
Просмотров 2,1 тыс.8 месяцев назад
5 Proven Methods to Find More ££ For Property
Mastering HMO Properties: Tips from Saj Hussain
Просмотров 15 тыс.9 месяцев назад
Mastering HMO Properties: Tips from Saj Hussain
How to buy MORE houses in LESS time
Просмотров 3,6 тыс.9 месяцев назад
How to buy MORE houses in LESS time
Estimating Refurb Costs Like a Pro on Property Visits
Просмотров 36 тыс.9 месяцев назад
Estimating Refurb Costs Like a Pro on Property Visits
Nice job Amy! Great numbers and hopefully the start of a strong journey!
How long did the process take from deciding to buy the house until the exchange of contracts and the completion of refurbishment? Did you need any permits from the council for the refurbishment?
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?
Hi mate, love the video, wanting mentorship around June 2025 as that’s when I’ll have the available funds to start my property business. What would you charge? Kind regards, Micah.
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!
Never put those black taps in a rental
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.
How to check property owners detail online?
Thanks Justin, great content.
Excellent video. Would love to work together
I do not think a modern boiler is going to last and be trouble free for 10 years let alone 20 years. Too many electronics in them now.
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.
Great video Justin, well done 👏
its all about learning how a valuer thinks and works as adding value by merely buying cheap does not work as on principle valuers will consider it a cheap property you must change nature of property eg refurb, extend lease ect
Thank you Justin for this its educating me, studying things hope I can do my first referbish to let with my partners next year.❤
Pleasure! Glad it was useful and good luck with your future project!
Well done buddy 👍
Thanks very much!
Why wouldn't you check out Wren? They are cheaper than wicks and have a better design service than DIY? quality is great aswell! 👍🏻
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!
Was the house located in Coventry?
Correct :)
Really insightful video Justin, good to see how you identify your strengths and weaknesses to i.prove going forward. Keep smashing it mate!
Thanks Richard. Mistakes are always expensive lessons to learn haha :D
This is such an inspiring journey, thanks so much for sharing!
Thanks! :D
Keep them coming Justin.
Cheers Mick!
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.
Well done, amazing journey.
If you had a million pounds to invest in a property buisness, what route would you take?
Amazing video Justin. Buy to let is a great strategy for beginners, we are developing a software which compares every property on the open market to show you the properties which have the best rental yield instantly!!!
With his 6 year lease who is liable for repairs/maintenance and utilities
Would you still recommend buy to lets with new Labour policies ?
Also wondering about this
If you refurb yourself.. and self manage.... how do calculate the figure you should pay yourself for doing this.... EG if I have an isa...I invest but its virtually no management...I can still do my 50k a year job... So what would you pay yourself as a monthly income and how does this reflect in you ratios !
Can you please help... I have just over £100k to invest how would you make it into being able to retire from work and live on passive income?
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
Always a pleasure learning from your experience. Congrats on all the success to date! Just about finished qualifying as an Accountant here and finished renovating my first project - looking forward to more. Hoping to leverage my low responsibilities for short-term discomfort for long-term gain
Great mindset to have and good luck with your final exams if you’re about to take them 👏👏
Really interesting... ❤
Thanks 🙏
Been watching you from your early days on RUclips. Smashing it mate. Keep going 👌🏼
Appreciate you mate! Thanks for sticking with the channel 💪😃
Well done buddy
Thanks bro, great to hear from!! Hope you're well :)
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.
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
I can't make cash flow on a 7% yield property no matter what deposit I put down, limited or not, been trudging through mortgage options for months now, too many fees, or too high rates. What am I missing
Where’s the link for the builders please?
Hi! Drop me a Dm on instagram @justinnwilkins and il link you to their page
fancy doing your refurbs and surface mounting the plumbing rad pipes at 17:40 between the 2 rads, when it would only have took 10 mins to hide them behind the skirting board, not the best work at all
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,
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?
Is this your main job or you work full time somewhere else as well? Cheers
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 🙂
Oh, you just found out how to "sell" 😊
😂😂
I'm a Financial Adviser and can say a few of the additional benefits of owning a property through a limited company. - Section 24 as you mentioned. - The property being outside of your estate is great for IHT planning. You can simply change the director in the future. - Pension contributions. Rental income earned in your own name is not relevant UK earnings. So if it's your only source of income your annual allowance would be £2,880. Whereas through a limited company pension contributions are not capped on the salary or dividends you take, so your annual allowance would be £60,000. Plus the pension contributions are an allowance expense, so can be a great way to reduce corporation tax and extract money from the company without paying income tax or dividends. - You are also able to plan your income more effectively. You may choose to leave profits withheld in the company and only take up to your personal allowance or up to £50,270 for example.
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! 💪
just list the prices
He that can have patience can have what he will. - Benjamin Franklin
@@JustinWilkins no, just literally list the prices lol
The 1 million + isn't an accurate number. How much equity is actually in the portfolio?
£1m is asset value. Equity is at around 40% of that
I'd be interested to know which lenders let you do social housing?
If it's for social housing then don't all the doors inside need to be fire doors? I heard each door can cost over 400 fully fitted...
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.
I'm surprised you did the external render when you are not flipping the property and using it as a social housing.
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.
Good interview 👏
Thanks Jack! 🤝
Indeed, it is a complete educational course, although I am not very good at English, but I translated it into my language, thank you
Great presentation. How easy can it be for foreigners to buy UK properties?
Great Job, what social provider did you go through?
Very good standard of renovation. I hope Matt insulated the wall externally before rendering
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.
It's really Interesting, that a social housing association will rent it per room (hmo?) as they usually let their properties out to individuals, and families. Nicely secured for 6 years before you have even finished the works. Great job.
I have been doing viewings after viewings for a quite long time and I can tell that I have never get a deal from agent. For 99% of the time they were unprofesional, don't know the answers for the simple questions regarding property condition. They usually call me with a property which was on the market for a long time and nobody want to buy it from price that they listed. Example: Renovated houses sold in area for 150k Renovations cost at the time circa 30k They asking price 145k They don't want to negotiate. They don't want to connect me with a vendor to talk about a price and I really can tell that agencies are total waste of time to work with. My questions is: How did you agreed a sale for 65k for a property worth 90k. The seller is stupid or is your relative. Other then that why he or she wants to bin it 25k profit so they can just wait for another buyer. I can understand situation where you are adding a value to a property and generate that profit somehow. But this case? It is really hard to believe.
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
It is so sad that so many people think landlords r parasites and don't create value or provide a service!
Agreed, the quality of Mitch's houses was something else!