Is Property Investing Still Worth It In 2024?
Is Property Investing Still Worth It In 2024?
Over the years property investing has become harder.
The tax laws are more complicated, mortgage rates are rising and it seems like politicians have it in for landlords…
So is property investing actually still worth it in 2024?
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We’d love to hear what you think in the comments below. You might even have a topic you’d…
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Very good advice
Have you got any recommendations for accountants for buy to let tax returns?
Absurd to invest in property in the UK when you can invest £80k p.a. in a Sip and Isa tax free with great advantages. Anything extra can go to the stock market. Why bother with tenants, licensing, letting agents, council, tax etc. a pretty stupid proposiion in 2024
HODL Harry!!
Doubling in nominal value
I am leaving the country. I get hit with the 40%, will take my skills elsewhere and enjoy lower tax on my rentals whilst still retaining my personal income allowance. Seems the only way to do it nowadays
Not seen any property that I could buy as a buy to let that would even break even with the rent.
boohoo
stick to basic cashflow rules. if it cashflows at a higher percentage than the bank or index fund on the money in it makes sense. if not dont do it.
The mortgage itself is the payback
Brilliant, this means housing goes back to people who buy them to live in them not just for profit and letting them out to unfortunate.
It took longer than necessary
An impressive video. Well explained and presented.
Useful insights, thank you!
Amazing value thanks eye op kner
9:22 correction. all the increase is not for you to keep. When you get to sell, on the increase you need to pay CGT right?
I currently own 2 high end let properties. Today I wouldn’t dream or recommend anyone getting into buy to let . It’s over regulated,highly taxed and you’d be demonised by everyone. Mass homeless here we come, let the politicians who have uses us repeatedly point scoring house them.
If you are a high earner making over 100K a year, this strategy below blows away all other investments, including property, leverage, etc. Every year you invest the max 60K in your pension. The ROI on this alone is an insane 40% and more! And this is even before you calculate the ROI on your stocks& shares! So we are talking about a combined yearly ROI of around 50%!
And I know that people will say that you will need to pay taxes when you decide to draw your pension. That's not necessarily the case if you decide to retire abroad. Other countries in Europe will tax your pension way lower than here, some won't even tax it at all!
You'll have all that money locked in, but knowing that you can start drawing at 55 is not a bad deal at all…
I have 2 properties and have been pushed into 40% theft territory. I’m gutted because everytime the rent goes up, I’m going to earn less. If mortgages rates go up, I’ll pay more tax. If I get a pay rise at work, I lose out.
Harry sounds like me 🙈🙈