How To Start Your Property Portfolio From Scratch
5.0 (28 ratings)
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How To Start Your Property Portfolio From Scratch

Investing In Real Estate With A Twist Of Tasty Tips That No One Else Will Tell You
5.0 (28 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
155 students enrolled
Last updated 8/2016
English
Current price: $40 Original price: $50 Discount: 20% off
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Start your journey to build a property portfolio from scratch
  • Understand which third parties can help you to build a property portfolio
  • Choose a mortgage that suits your financial circumstances
  • Buy additional properties without saving for a deposit
  • Develop an understanding of mortgage contracts to judge for yourself whether it's a good deal or not
View Curriculum
Requirements
  • You don't need any prior knowledge to do this course
Description

Just before my first pay arrived, on my very first job, my bank balance read:

+£106.01

That was all the money I had to my name.

I owned no assets but I desperately wanted to own a house, a small slice of real estate that I could call mine.

On the plus side, I didn’t have a credit card or a store card because no one would give me one.

My personal balance sheet had a big fat zero on both sides: no assets, no liabilities. 

My wage after taxes was £2,128.

With the cost of living in London, it wasn’t extraordinary but it would have to be enough.

It took about 14 months of aggressive saving to get together enough of a deposit for my first property.

That was 2006.

Fast forward 10 years to 2016 and the value of the portfolio stands at £1,825,000.

This course summarizes all the fundamental things I learnt to get that first property.

Lack of this knowledge has led to many people losing their homes to a bank and seeing everything they’ve worked so hard for just crumble away.

Save yourself a few headaches … take step 1 to your life as a property mogul, join this course. 


Who is the target audience?
  • New to property buying
  • Want to own property but don't have a penny to your name
  • Want to get on the property ladder but not sure how to start
  • Want to act as your own mortgage broker but lack the knowledge
  • If you've made mistakes in the past and want to avoid similar errors
  • This is not a course for seasoned property investors
Curriculum For This Course
Expand All 29 Lectures Collapse All 29 Lectures 02:21:20
+
Introduction and Background
2 Lectures 15:21

Terms & Players In Property
03:47
+
Property Market Players
5 Lectures 17:49

What is a mortgage?
What is the difference between a mortgage and regular loans?
What is security?

Term: Mortgage
03:41

What is an estate agent?
How are online estate agents different to regular estate agents? 
How can estate agents help you buy properties? 
What drives estates agents? What are they motivated by?

Player: Estate Agent aka Realtor
02:59

What is a mortgage broker?
Do you have to use a mortgage broker to buy property? 
Who should use a mortgage broker? 
How can mortgage brokers help you build your property portfolio?

Player: Mortgage Broker
03:54

What is buildings insurance? (aka Homeowners Insurance in the US)
What is life insurance? 
What is an insurance premium?
How can you insure your mortgage is paid of if you died? 
Does adding critical illness cover to an insurance policy increase or decrease the premium?  

Player: Insurance Provider
04:52

What is a mortgage lender? 
Are all mortgage lenders banks? 
How can you increase your chances of being approved for a mortgage? 
Do you have to take out a mortgage with the bank where you keep your money? 

Player: Mortgage Lender or Bank
02:23

Do you now understand the property market players?

Property Market Players
10 questions
+
Property Market Terms
10 Lectures 01:02:28

What is a deposit? 
How can you get a deposit together? 
Is a deposit necessary to buy a property? 
What is the minimum deposit you need to buy a property?

Term: Deposit (aka Downpayment in the US)
06:44

What is the loan-to-value or LTV? 

If you want to buy a house worth 100,000, what's the loan to value if you're getting a mortgage of 80,000? 

If you want to buy a house worth 100,000, what's the loan to value you'll get if you've got a deposit of 25,000?

As the LTV falls (say, from 90% to 75%) what happens to he interest rate that mortgage lenders charge you?

Why did banks allow LTVs of over 100% before the 2008 credit crunch? 

Why did banks stop allowing LTVs of over 100% after the 2008 credit crunch?

Term: Loan-To-Value
09:18

What is the term or maturity of a mortgage? 
What mortgage terms is most common? 
As you get older, what happens to the maturity banks are willing to give to you? 
As people live longer, what may happen to the maturity banks are willing to give to them?
How are terms and maturities different in developing nations?
Why are terms and maturities different in developing nations?
If you make regular overpayments on your mortgage, what happens to the term? 
When is it best to get a longer mortgage term?

Term: Maturity or Term
09:13

What is a mortgage interest rate? 
If your credit rating is low do you get a higher or lower mortgage interest rate? 
What are people with low credit ratings called by banks?
What are the two key types of interest rate? 
Are fixed rates always fixed for the full term of the mortgage? 
What are the two most common fixed term periods in the UK? 
What is the most common fixed term period in the US? 
Why are mortgage rates a little lower in the UK? 
What is a base rate? 
What is the base rate called in the UK?
What is the base rate called in the US?
What is the central bank called in the UK? 
What is the central bank called in the US?

Term: Interest Rate
07:19

What is an interest-only mortgage? 
What is a repayment-style mortgage?
What is an offset mortgage?
Why would you get an interest-only mortgage? 

Term: Repayment (Profile)
08:23

What is a first time buyer? 
Are first time buyers at an advantage or disadvantage in the property game? 
Why is the government motivated to help first time buyers?

Term: First Time Buyer
03:08

What is remortgaging? (aka refinancing in the US)
When would you normally remortgage a property? 
Are there penalties for remortgaging a property? 
What should you do before entering into a new mortgage contract with your existing lender?

Preview 04:11

What is a buy-to-let mortgage? (aka property investment loan in the US)
Are fees different when you want a mortgage for investment purposes? Why?

Term: Buy-To-Let Mortgage or Property Investment Loan
04:26

What is a commercial mortgage?
How is a commercial mortgage different to a buy-to-let mortgage?
How are fees on commercial mortgages different to fees on mortgages in your own name?
Why would you get a commercial mortgage when they are more expensive?

Term: Commercial Mortgage
04:04

What is a freehold property? 

What is a leasehold property?

What are the advantages of freehold properties?

What extra ongoing costs do leaseholders incur that freeholders do not? 

Term: Freehold vs. Leasehold
05:42

Property Market Terms
14 questions
+
Summary of Players and Terms
1 Lecture 03:24
Summary of Players and Terms
03:24
+
Property Fees, Costs and Taxes
11 Lectures 42:18

This video elucidates what you should expect to find the "Fees, Costs & Taxes" section of this course.

Background to Fees, Costs and Taxes
04:30

This lecture explains how mortgage brokers charge for their services  and when you should expect to pay them.

Preview 03:01

This lecture explains what arrangement fees are and when you should expect to pay them.

Arrangement Fees (Mortgage-related cost)
02:24

This lecture explains what booking fees are and when you should expect to pay them.

Preview 02:43

This lecture explains what valuation fees are and when you should expect to pay them.

Lender Valuation Fee (Mortgage-related cost)
02:22

This lecture explains what an early repayment charge is and when you might need to pay this charge.

Early Repayment Charge (Mortgage-related cost)
03:40

This lecture explains smaller fees associated with taking out a mortgage and when you might expect to pay such fees. Compared to other costs involved in arranging a mortgage, these fees are relatively minor.

Smaller Fees (Mortgage-related costs)
04:57

This lecture explains the difference between a valuation and a survey. It will clear up why you might prefer one to the other. 

Valuation and Survey Fees (Non-Mortgage-related cost)
04:14

This lecture explains what real estate agents' fees are, who pays them and when they are normally paid.

Preview 01:56

This lecture explains what solicitor's fees are and when you should expect to pay them.

Solicitor's Fees (Non-Mortgage-related cost)
03:44

Taxes are a huge part of investing in property, failing to understand the tax situation can completely ruin a property investment.

UK Taxes (Non-Mortgage-related cost)
08:47
About the Instructor
Heather K. Woodward
5.0 Average rating
28 Reviews
155 Students
1 Course
Business Owner & Property Investor

Following 7 years in investment banking, first at Goldman Sachs and then at HSBC, Heather started the curly hair blog, NenoNatural, in late 2012. Neno being the tiny village in Malawi (Africa) where her dad was born.

 

In under 2 years the site grew to a Facebook following of 400,000 fans, an email list of 40,000 subscribers and Amazon revenues of $100k a year. She’s also grown a property portfolio worth £2m ($3m) since she started just under 10 years ago.

 

Heather graduated with First Class Honours in Economics from the University of Cambridge. In the past she has written columns for both Malawi News (on Personal Finance) and the Daily Graphic in Ghana (on Hair). She is the author of several books on banking, personal finance, business and hair. She lives in London with her Husband, Harry and their son Chester also known as #LittleZeusy on social media.