Property Investing, how to pay off your mortgage in 8 to 10 years by Simon Zutshi

In this video Simon Zutshi, the founder of the Property Investors Network, shares some simple tips on how to release the equity you may have in your own home. Using diagrams, Simon shows how it's possible to re-invest the equity and pay off your own mortgage within ten years. He explains that the way to be more successful is to learn how to manage debt as well as wealth. Simon offers great techniques to help property investors gain better results. http://www.pinmeeting.co.uk

Comments

1. Great Video man!
2. this was a crock of shit lol
3. best tips that I've learned in my life for anyone who is in early 20s .
   
   - chip a few years off your mortgage every time you renew. i e 25 yrs then after 2 years, set to 21 yrs
   - understand and educate on mortgages...... overpay your mortgage with disposable income. If only you knew what that extra £10 is worth over your mortgage
   - rent your spare room out and use that money to either overpay mortgage or for your next property purchase/deposit
   - do not use credit cards as an overdraft.... only use to take advantage of offers and build maximum credit rating score
   - do not get sucked into buying a flash car or anything on finance. this purchase loses value and does not make money either.
   - discipline yourself and understand you are not defined by what you own, this way you will not buy expensive things just for the sake of having it.
   once you have perfect credit rating you can get loans at a low rate. i.e., i borrow £25k and pay back 27.2k over 5 yrs. i buy a property at auction with a good yield. the rent covers the loan and after app 6 years it will be paid off leaving you with a monthly income (rent) and property value to increase through time... leaving two income streams.
   repeat the process and after the first income stream, just keep overpaying your loan and repeat process.....
   eventually, take equity out of properties and divide up working out the best yields and ltv etc.
   finally, people who are younger....do not invest in pension schemes as you can do far better yourself if you use this method. also we will probably get fucked over (no guarantee) and also i personally reckon the government will increase the tax when you withdraw it....also the age is increasing in both state and private.
   instead use the money from the things above.... i personally put £200 a month in overpayments in mortgage which is a far better return ......
   
   This hasn't been copied and pasted, I've written this down for anyone who is sensible enough to at least digest it.
   
   i can honestly say that after 5 years on a salary of 32k, i have probably got about 90k invested in different things. i use the bank loan at the beginning to literally buy property to rent them out. using the banks money and pretty much acting as a mini bank myself. i have about 10k in the bank which is not making any money and i now regard it as potential money being wasted each month....however i study hard on where and what i invest in next.
   
   also remember that as the interest rates are so shit right now, you are better off overpaying your mortgage and then if you do need or want that money, simply remortgaging at the end of deal that money back using your mortgage rate as your interest rate for saving.obviouslly assuming your property will not fall in value. which i personally can't see happening soon..... so take advantage of the low rates whilst its here by overpaying and buying property.
4. I couldn't think of anything worse.
5. The best way is to rent out rooms in the house. Rather than buying another property which is another liability. Not all property rises that fast.
6. Oh and by the way, the best way to pay off your mortgage is to either not have one in the first place or to simply hand it back. Save up and buy with your own cash.
7. 35 seconds in i realised this guy was full of bullshit when he asserted that "In the UK most house prices double every 7 to 9 years..." Thanks for saving me over 6 minutes of my life.
8. Be conservative and say double in value every 10 years. 10% avg? This is really risky. Foolish!
9. am a bit confused.
10. am a bit confused.
11. Your living in cuckoo land where the hell can you buy a £100k property nowadays apart from in a complete dive
12. gerald peters this is completley right....if u catch it in the right time of your life especially when u are young u can easily become a millionaire.....i know. one guy who owns 100 houses never been to school just.bought 1 house and then 2 etc ....in the uk if u got 8 decent houses u are already a millionaire at least on paper
13. This is the exact mentality that caused the housing bubble in the US. Assuming a property will double every 10 years is kind of ridiculous, that would be an 8% or better ROI per year. What happens when the property value goes DOWN after you buy?
14. I just saved $1000-$1500 a month in separate account, end of each yr I took that money and invested in 1 house...I'm at 12 houses after 14 years and the first couple are paid for free and clear now and snowballing the loans on the others. Nothing fancy or tricky, just worked over time, saved the cash, invested in 1 house a year, collected my rent. Now portfolio worth well north of 1 million generating $100,000 + in gross rents each year. I try explain this simple idea to anyone who will listen all I ever get is the reasons they can't do it. Just need to get 10 hrs a week of paid income separate from your regular pay put it in separate account..
15. Sounds easy but lenders need to lend you the money....far less easy than Simon implies...otherwise everyone would be doing it!!
16. Very good im going to try this... hopefully i can get 4 houses in the next 2 years.
17. Lol @ these assumptions. If only it was this easy.
18. love it
19. Great strategy to pay off Mortgage fast!!
20. The "Property Market" is always changing and is in a constant "State of Flux" this has caused a ripple effect dye to the rising property market throughout the U.K. However the rental market is heating up and the rents are rising on a persistent basis. Don't just take my word for it, do your own research and yes there is a chance that interest rates may rise within the next 2 -5 _years. However "Property Investment" is always a long-term asset.