Hello everyone! 👋
The personal guarantee is finally signed and sorted this week and we're nearing evercloser to exchange and completion! If you're not already subscribed - I'll be documenting EVERYTHING over on YouTube as I go through the before property tour, during the refurb and then the post-refurb property tour along with videos like the buy-to-let costs and why I bought the property in a limited company.
I put up a poll awhile back on Instagram asking people's opinions of what tool brand to invest into, at the time I polled Makita vs DeWalt. But looking at the Screwfix website, I decided as mainstream as DeWalt is, I decided to go for Milawaukee after reading tonnes of Reddit threads on the age old battle.
So, as the BTL completes, I'll be treating myself (via the company) to a drill & impact driver set that I hope will last a lifetime of DIY, property development and more!
🏡 The World of Property
Saw an interesting article this week in the BBC saying that a thinktank argues that the stamp duty holiday didn't fuel the surge in the property market.
I do agree with what they're saying, but at the same time I think it's pretty obvious.
"The think tank says the assertion that housing prices have risen mainly because of tax holidays is "somewhat wide off the mark".
The organisation says similar house price rises occurred in the US, France, Germany, Canada and Australia without the tax holiday"
I think the stamp duty definitely helped so many people and helped the market like a firestarter helps a BBQ, but according to the property cycle we were due for a mid-cycle dip and then the start of the explosive phase and that's exactly what happened.
It looks like the property market is just following the normal cycle and now we're in for 7 years of explosive growth in property before the next recession begins. I'm not an economist by day so don't hold me to that but it's following the pattern so far in history!
📦 Property Deal Analyser
I built and released my own Property Deal Analyser, which allows you to track, analyse and manage your property deals like a pro and visually manage your property pipeline while quickly calculating ROI, Yield, Profit and many more figures in seconds!
Everything is customisable which makes this so unique - every business is different so you can tailor it exactly to your needs. Notion is super easy to use and free to download.
📽️ YouTube this week
The latest video went live this morning, this week I explain some of the key principles and tools that I follow and use to manage my time to manage a 9-5, while building a property business and a YouTube channel ontop of lots of side-hustles that help fund my deposits!