– This video is all about investing in property for beginners. Which of these three property types should you consider as your
first investment property? (upbeat music) Hi my name’s Tony Law from
Your First Four Houses, and I teach people how to build
a small property portfolio, to generate a great income for them so they can give up their
day job if they wish because they’re now financially free. If this is your first time here be sure to subscribe to the channel and click that bell notification icon so that you don’t miss out on any of the free content I give you each and every week. So there are loads of property strategies out there aren’t there? Let’s be really honest. But I wanna just suggest three different types of property strategies to consider if you’re a complete beginner. And I should add these
are just my personal views and you must do
your own due diligence before taking any action on anything here. So my first suggestion is to simply buy a run down single let that
needs a major refurbishment. Honestly, I think these make a great first investment Property. Now the truth is, you’ll learn so much if you kinda get in there
and get your hands dirty. Not literally speaking. Although you should actually get in there and start to do some of the work. If it’s your very first
property in my opinion. But just figuratively speaking, getting in there, doing the dirty work, you’ll learn so much by doing that. But you need to focus on deals, where you can, in my opinion, put your money into the deal, but then get it back out again within a relatively short space of time so that you can use that money and go and fund that next deal. So here for example, I’m talking about buying properties potentially below market value, substantially so. Or buying a property where you can add significant value, or ideally both so that you can then refinance and then pull that money out again. To find these, can I suggest that you go onto rightmove, search for what it is
that you’re looking for, but then sort, in terms of
oldest listed first of all. Find the properties that work for you and then start negotiating hard. These sellers could be very motivated, and it is absolutely a numbers game. For lots more information
on this type of strategy, why don’t you check out my
free property mini-course by clicking here. There’s loads of information
on this type of strategy. Secondly, why not buy a one bed flat and turn it into a two bed flat. So how would you do that
and why would you want to? Well, what you would do,
is you would potentially take the kitchen and you’d
actually make the kitchen bedroom number two. And you’d actually move the kitchen into the loungy type of area. Now obviously some properties, some flats, that’s never gonna work. But some flats have huge lounge spaces whereby if you incorporate the kitchen into that space it
still works beautifully. But you’ve just gone and gained a bedroom. As to why you’d wanna do it, well you’re gonna have
big value potentially by doing this type of work. So that you can get in
there and pull that money back out of the deal again quickly. The key here is to get really good at reading an understanding floor plans. So go onto rightmove or zoopla, and search for one bed
flats with a large lounge. Also, once it’s done, could you maybe convert this place into
a serviced accommodation? By the way, if you find this video helpful I would love it if you could take a moment just to click on that
like button down there. It really helps me if that’s okay. Thirdly, I suggest you take a close look at a rent to rent based strategy. HMO’s are without doubt
a more advanced strategy. I don’t think anybody
would disagree with that. And there’s certainly lots to learn if this is for you. But rent to rents can be a fantastic way of kinda of sticking a toe in the water. You don’t need much
capital to get started, and just a few rent to rents can quickly replace the average income. But I would specifically
recommend this strategy because you’ll learn so
much about HMOs in general assuming that you might ultimately wanna gone on and actually buy some HNOs. For example, you’ll learn all about the legislation that you’ll
need to comply with. How to fill your rooms. Even in an area where there’s maybe a little bit of an
over-saturation of rooms. The systems that you need to put in place. Whether you actually even enjoy this type of investment. But above all, you’ll
demonstrate competency. When you’re sitting down
with a potential investor, he’s got 100,000 pounds to invest and he’s thinking about
investing with you. You can just sort of
demonstrate your competency by sort of sliding
across the desk that pdf. Showing your latest investment. However with rent to rent,
can I strongly suggest you do get some kind of training? ‘Cause there is a lot to know about this particular strategy. You don’t need to necessarily
do any of my training, but honestly I do think
you need to do some. Just before you go, can I encourage you to check out this video here? Because in here I share 12 huge tips that I wish somebody had told me before I bought my first
investment property. (funky music) I put together a 50 point checklist that will run you through all the steps you need to take before buying that first investment property. Simply click the link here
on the description box below to download your own copy today.

Investing In Property For Beginners | What Type Of UK Property Investment Should You Buy?

13 thoughts on “Investing In Property For Beginners | What Type Of UK Property Investment Should You Buy?

  • March 21, 2019 at 7:01 pm
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    Great video Tony.

    Due Dilligence is key.

    First strategy – why is the house rundown and below market? Go ask the neighbours. I found out on several properties I searched recently the owners were drug dealers which coincided with the crime rate in the area. Massive eye opener. Massive amount of money saved.

    Reply
  • March 21, 2019 at 7:13 pm
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    great vid! if you are doing a relative quick flip is it right you either need to buy in cash or bridging loan as mortgage would incur fees for early repayment? Thanks

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  • March 21, 2019 at 7:21 pm
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    hi tony great video

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  • March 21, 2019 at 8:29 pm
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    Another brilliant video, thank you!

    Reply
  • March 21, 2019 at 10:54 pm
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    ๐Ÿ‘

    Reply
  • March 22, 2019 at 12:21 am
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    I would like to get into serviced accommodation but I'm scared it will be vacant most of the year. how do you know if serviced accommodation will work in an area like Norwich?

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  • March 22, 2019 at 12:30 am
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    I have a 100k in capital. I hate my job, am i in a good position to start with a view to quiting my job? Would i be wise to use all my cash to buy and develop, or keep some back and use loans?

    Reply
  • March 22, 2019 at 6:14 am
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    Great tips Tony. Whats your opinion on purchasing BTL properties abroad, as a first time investment?

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  • March 22, 2019 at 8:26 am
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    How to invest in a commercial property of uk

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  • March 23, 2019 at 12:06 am
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    First time I see public video with literally no negative thumb down. Only showing quality of what you do, well done, great video ๐Ÿ‘

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  • April 2, 2019 at 5:59 am
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    Interesting…๐Ÿ‘

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  • April 24, 2019 at 2:07 pm
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    Loving the videos! I know it's hard to pinpoint but, for a first time buyer looking to invest in property, what sort of ROI should they be looking at achieving?

    Reply
  • May 27, 2019 at 12:42 am
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    Hi loving the videos, how much would it cost to organise my first rent 2 rent and what will be the price break down.
    Thanks

    Reply

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