- Today I'd like to share with you
a strategy that will enable you to go
from making zero pounds per month,
to 2,500 pounds net income, in just four months.
(upbeat music)
- Hi, my name's Tony Law
from Your First Four Houses and I teach people
how to build small property portfolio
that generates 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
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So the average UK salary, depending on where you look,
is around about 27,000 pounds a year
or, 2,250 pounds per calendar month.
But let's just round that up just a little bit.
Let's round it up to 2,500 pounds per calendar month,
to give you a bit of extra spending money here.
Now let's assume that you have just a little bit of cash
to invest but perhaps more importantly,
you have got a bit of time
that you can actually put into this adventure.
And let's also assume that we wanna make this
2,500 pounds per month, as regular income,
not one off lumps of cash
as a result of flipping properties.
Well Rent to Rent can be a fantastic way
to achieve this income really quickly.
In case you're unaware, Rent to Rent is when
you rent a whole house from a landlord
on a long term let, say three to five years
or potentially longer.
And you then rent these rooms out individually.
Now whilst you're gonna have costs associated
with doing so, after you've taken these costs off,
what you're actually getting, in terms of net income,
is considerably greater than what you're actually
giving over to the landlord in rent to them.
Now of course I know I've greatly simplified this
and there is some real considerable legislation
that you must comply with if you're gonna do this properly,
and I cover all of this in my Online Property Masterclass,
I wanted to give you some idea
of what you can actually achieve here.
Now as a rule of thumb, each Rent to Rent,
should cashflow, after all expenses,
an absolute minimum of 500 pounds per calendar month,
but ideally closer to 800 pounds or beyond.
So if you think about it, that's just four or five
Rent to Rents.
And if you're on 27,000 pounds a year well,
you've just gone and replaced your income
and I know that if you really went for it,
you could do this in four months.
By the way, if you're finding this video helpful,
I would love it if you could just quickly click
on that like button down there, it really helps me
if that's okay.
But one of the questions that we need to ask ourselves is,
where will we find properties that are suitable
for actually doing Rent to Rents.
Well you should be reaching out to existing landlords.
You should be attending networking events,
making sure that you get there really early
and asking the host if you can give them a hand
by setting out chairs and so on.
And making sure that you stay late in the bar
because that's where the deals are done.
You should be making sure that letting agents
know that you're looking for sellers
of this type of property.
Be very specific with estate agents.
Go in and meet them.
Make sure that you've laid it out in really
clear language, exactly what it is that you're looking for.
Connect with property sources.
You can find these really quite easily
by going online, going on to Facebook forums
and just simply asking for people
who could potentially help you source
Rent to Rents.
Put a post on Facebook, better yet,
advertise on Facebook.
I can assure you, if you do this strategically
you will find potential properties
that you could do Rent to Rents with.
Lastly, please, tell everyone what you're looking for.
The more people you tell, the better chance you've got
of actually getting people coming back to you.
And I've certainly had this.
Now, is a perfect time, because there was,
lets be honest, quite a lot of negativity out there
in the marketplace.
And that negativity means that you can
potentially find landlords that you can do
some fantastic Rent to Rent deals with.
(upbeat music)
Have you checked out my completely free,
Online Property Mini Course,
that's gonna teach you how to build
a small property portfolio,
that generates a great income for you
without needing to find big deposits.
Click the link here to find out more (laughs).