All Forum Posts by: Iwan Rhys Williams

@Suzanne Ludlum so really there is 2 types of rentals? One where you take out all of the equity to put quick profit into your pocket, but having less of a positive cash flow. And the second is only taking your buying and refurb costs out and leave the rest of the equity in there, so that you have a higher cash flow? How is higher cash flow better than taking all of your equity equity out and have a big profit? With cash flow you must wait however many months for the cash flow to build up to be anywhere near as much as the amount you would’ve earned from realising all of your equity? For the long term, lower mortgage payment and higher cash flow sounds quite good, but would be something I’d be interested in at the age of 25+ years old. What’s your thoughts on flipping? Is there a certain strategy/something to follow? Which brings in more money, flipping or renting and taking all of the equity out?

@Dan DiFilippo I am also hoping to start working full time at the local estate agency once I finish college next June. The course is a Level 3 Business, Marketing and Finance, whilst also doing bookkeeping level 2 and 3, possibly progressing to do level 3 accounting

@Dan DiFilippo I understand what you are saying. It’s just the way I see it, is I’m turning 18 in September, finishing my college next June and 3 months after that I’ll be turning 19. If I was 15-17 beginning to get into all of this (which I now wish I did) I wouldn’t mind as much of a year or so spent/wasted trying to do it. As soon as lockdown is over I’m hopefully getting myself a weekend job at a local estate agency, after finishing college next June, I’m going to start my own online bookkeeping business/do a few weeks work experience and then start my own online bookkeeping business. I fully understand that everything takes time. Hence why I’m trying to do as much research and planning as possible during lockdown in preparation for my journey

@Suzanne Ludlum which is better, quick profit from equity or slightly higher positive cash flow? What type of property Is better to rent out? As if I rented out a family home I’d only have roughly £500 positive cash flow a month which is £6k a year. But if I had an apartment/flat with about 5 or more rooms, I could have more per month? What’s your thoughts?

@Moises R Cosme hi, thanks for the reply. In the U.K. there isn’t exactly a license needed to become an estate agent. And I am hopefully going to get a weekend job with an estate agent once lockdown is over alongside my college course. Realistically I would like to get into real estate as soon as I can really so that I don’t waste my youth. I am extremely motivated and I always make sure I get things done.

@Suzanne Ludlum hi there, thanks for the reply. I understand with refinancing you take out your buying and refurb costs, but what about the rest of the equity? For example (something I’ve seen before) you’re all in at £420k, the property gets appraised for £700k. When refinancing, you can get £490k back. In the example I saw, the guy only takes back £420k to cover all of his costs, but leaves the rest of the equity in the property. Why is that? He could have £70k profit straight into his pocket but decides to leave it in the house and not take it out?

I am extremely eager to get into real estate and property investing. Can someone give me some assistance and more of an insight please? I can possibly have access to a certain amount of money but it will be more of a refurb budget. Therefore I am going to begin with doing assisted sales, then once enough capital is raised, move onto doing quite a few flips and then invest some of that money into owning rental property using the BRRRR strategy. Is there any strategy or something you should follow when doing property flips? Also, with both flips and rentals, is it best to buy with cash or private lender/mortgage? When doing BRRRR, when refinancing, can you take out the equity that would result in profit straight into your pocket, or should you leave it in the property? I will be very grateful if someone could get in contact with me.

Hi everyone, I am based in South Wales. I am extremely eager to get into real estate and property investing. Can someone give me some assistance and more of an insight please? I can possibly have access to a certain amount of money but it will be more of a refurb budget. Therefore I am going to begin with doing assisted sales, then once enough capital is raised, move onto doing quite a few flips and then invest some of that money into owning rental property using the BRRRR strategy. Is there any strategy or something you should follow when doing property flips? Also, with both flips and rentals, is it best to buy with cash or private lender/mortgage? When doing BRRRR, when refinancing, can you take out the equity that would result in profit straight into your pocket, or should you leave it in the property? I will be very grateful if someone could get in contact with me.

Hi everyone, I am based in South Wales. I am extremely eager to get into real estate and property investing. Can someone give me some assistance and more of an insight please? I can possibly have access to a certain amount of money but it will be more of a refurb budget. Therefore I am going to begin with doing assisted sales, then once enough capital is raised, move onto doing quite a few flips and then invest some of that money into owning rental property using the BRRRR strategy. Is there any strategy or something you should follow when doing property flips? Also, with both flips and rentals, is it best to buy with cash or private lender/mortgage? When doing BRRRR, when refinancing, can you take out the equity that would result in profit straight into your pocket, or should you leave it in the property? I will be very grateful if someone could get in contact with me.