Where To Buy For Cash Flow in 2024

Learn where to buy your first or next buy to let property to maximise your cash flow this year and beyond, by understanding how to assess an area and then grade and compare them.

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00:00 Intro
00:31 Hot Spot Lists
02:16 Better Investor
02:58 Cash Flow
03:39 Accessibility
06:13 Trend
07:10 Crime
08:26 Demand
10:27 Transport
11:45 Education
13:00 Recreation
13:40 Shopping
14:01 Jobs
15:31 Grading

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#cashflow #targetarea #buytolet

In this video I want to help you understand where you should be buying for cash flow whether it’s your first investment property or whether it’s your next investment property now I could simply give you a list of all the hotpots in the UK and Away you go but

You’re not going to really be learning an awful lot if I just give you a list of hotspots because I want to actually explain to you a bit more about how you actually go and assess an area and then how you can pair areas and make a

Decision about which area you should go and invest in for those of you that don’t care about investing science here’s a list of hotspots here’s a tool that I pay for called property data in there you’ve got rental yield hotspots you can go and look at this for free and

It will show you the top five hotspots I think it is for free if you pay for subscription you get access to the whole list like here it is here’s the whole list for example this one has the highest average Yi so the key thing is average so it’s not necessarily every

Property you buy in there is going to return this amount of yield so you need to do a bit of additional research but basically ng7 and we can click on this to go and see what ng7 is it’s in Nottingham and you can just go through the list and see what you got

Look these ones all got 12 these have got 10 these are got nine you know I’m just going to go this down here so you can see them all and you can pause this to have a look at it in more detail then we’ve also got home track so this is

Free you can just go to this website homet track.com and they’ve got this nice chart that gives you a list of all the major cities in England and Scotland it gives you the average price how it’s performed over the last 12 months is main thing I look at and you know

There’s some extra there’s some nice Graphics here just showing you the trend over time so you can click on the tops and just organize it by whichever one you want to so we can see London’s the highest house price followed by Cambridge here but if we want to see how

Things have performed over the last 12 months months which has performed the best we can see Nottingham has performed the best at 2.9% over the last 12 months and then we got L Birmingham Sheffield down to the bottom here where we’ve got abdine that’s been performing the worst

And Then followed by belfus and then London being a property investor is more than simply buying a property in one of these areas and renting out anyone can do that but I want you to become a better property investor and that’s why I’m going to show you exactly how to

Assess an area and this way you will increase your investing skills and what I’m going to be showing you is a way that you can then assess an area and then compare areas against each other and therefore actually drill down to narrow down exactly which particular area you should be going for that’s

Going to likely achieve your financial goals now when we assess an area there’s 10 key selection criterias that I do that I look at when I’m assessing an area and I’m going to go through those now so number one is does area have potential for good cash flow ultimately

This video is about how to make the most cash flow from your investment so this is one one of the key things I’m sure that all of you will want to know about an era but this isn’t the only thing that you should be using to determine

Whether you invest in that area it is one of the 10 key selection criteria so what I use I use a tool to help me work this out just as a high level thing so probably data which I showed you before or links in the description if you’re interested in that

Software that enables me at a quick glance to be able to see which areas are performing well at the moment so number two is do I need access to it so accessibility so depending on the strategy that you’re using for your in property investment so how closer property is to you becomes

More important and why I say that is so if you’re refurbishing a property and you’re likely to do that yourself even if you’re not doing it yourself if you’re refurbishing a property you’re going to be hiring trades you might be hiring a builder to look after the whole

Refurbishment either way you’re going to need to be going to the property meeting people on site letting them in going and checking on them regularly if they’re refurbishing it or doing some work to it maintaining your property even a normal buy toet you need to have someone that’s

Got the ability to let them in so if it’s a normal vanilla buy to let you probably would use a proberbly manager and therefore it doesn’t matter where you live with the properties I bought in the US obviously location didn’t matter to me because I put in place a property

Manager which could then go and look after those properties for me they hire trades all that stuff remotely it’s totally remote hands off but I did the hard work on the ground to start with assessing their area finding the right property manager that could meet my needs and the requirements that I had

For those properties going forward and then I could just set and forget it I didn’t I was just just managing the property manager and so if that’s what you want to do location isn’t that important to you so then you can look Beyond maybe a a distance so

You look at your home you look at where you want to be in relation to how far you want to drive and that determines how accessible that property needs to be to you it might be well I’m happy to drive an hour each way and therefore

That makes it I can drive you know 30 Mi gets me an hour or it might be 40 Mi gets you an hour depending on where you live in in the country and therefore you can draw a radius around your home and go right I can invest in any of these areas here

And that’s your limit and then you got to look at the other assessment areas to determine you know which particular location within that area do you want to narrow it down to CU we don’t want to just search the whole area because you just get overwhelmed by the amount of

Properties that you got and therefore staying on top all all these different areas is too difficult you know so you need to narrow it down all the all the way to you know ideally something like a 5 m 3 m radius or to a specific town or

A town plus a radius around it and the third key selection criteria is what’s the trend what I mean by this is what is the trend that’s happening with capital appreciation is it going up is it stagnating or is it even on the decline and so this plays an important

Consideration when you’re looking at area because ultimately yes we want cash flow but we also want the cherry on the top if we can get it which is capital appreciation we want cash flow to give us another income stream and ultimately maybe replace your earned income so you

Can quit your day job if that’s what you want to do also over time we know we’re going to get capital appreciation but different areas will have a different amount of capital appreciation and that’s why we need to assess the areas and look at capital appreciation land Reg is a free

Portal is based on hmrc data proper land registry data that’s happened with purchases and sales in England in the UK so the fourth key selection criteria is crime rate ultimately safety now there’s a website called crimer rate. co.uk where you can put an area in there and

It will drill down and give you lots of different graphs and reports and views on what’s been happening in relation to crime in that area now again this is comes down to your appetite to risk your appetite to Crime what’s an acceptable level ultimately there’s crime everywhere so you’re never going to get

Away from it but it’s like what’s an acceptable level does it feel safe but and this is why it’s important that you also go and visit areas you can’t just rely on doing everything remotely checking everything on the internet you have to get out there and walk the

Streets as well but this way you do a first check across a tool like crimer rate. co.uk and assess whether that that you know even seems acceptable to you and you can go down to individual streets and it will show you the levels of crime in that street what’s happened

In that street over the history and this is given the data has come directly from the police and ultimately your tenants are going to be assessing the same things if they see there’s a lot of crime in an area where your property is located they’re going to look somewhere

Else and you may then find that your property has a low amount of tenant demand which brings us nicely into the fifth point of our key selection criteria which is tenant demand so we want to understand if the area has enough demand to meet the amount of

Supply of houses that are available for rent at the moment right now as I record this rental demand is high at the moment rents are good for landlords and they can achieve what they want and they can get a tenant in super quickly there’s very little vacancy periods if you buy

In the right location and that’s why it’s important that you understand what the tenant demand is in there and how we do this is we have to get on the ground and we have to go and talk to local agents and understand how many properties they have for rent what

Property type is most in demand by from tenants so it could be that two beds are what people want or three beds or it’s more family focused or it’s more student focused again it could be specific areas within a town even depending on how big

Your town is or a city and you go I’m after that pocket or I’m after those types of tenants or I’m after that type of prop property you know it’s a two bed or a three bed or it could be a flat student Le property those types of

Things to do this remotely we look at right move and we just look at the area again you put in a postcode or put in a town or city and the the type of property that you’re interested in say it’s a two bed Terrace property put that

In there click the button to say let agreed you can see how many properties are actually being let you know if the majority of the listings on there say that let’s been agreed and there’s only like five available that already gives you a good indication that there’s High

Tenant demand cuz stuff’s not staying on the market very long but don’t assume just because you like an area that the tenants are going to like that area as well everyone’s got different needs and wants and it’s important that you really understand what those tenants needs and

Wants are for their types of property so that you buy the property that’s most likely going to be in demand now and going forward into the future so number six is transport this is important especially for anyone that’s got a job and they have to commute and things like

That so when it comes to transport Logistics we’re talking about roads infrastructure public transport so trains bus services those types of things are important how far away are they from the area that you’re looking at and then you can narrow it down to the street really once you start looking at

Properties and understanding how far away is the local tube or the train station how far away is the bus links how far away are the major roads from that location and then when you’re looking at streets how difficult is it to get in and out of that street is that

Oneway system you have to go around this whole big convoluted thing to get to that address is it on a major busy road you know how are these things going to impact the tenant demand that’s why all of these things connect to each other and then we’ll help you determine whether you think

This area is great as you assess this area you know ultimately we’ll talk about grading these areas so that we give them a grade so we can then compare them an area with another area with another area so then you can you’ve got a way of evaluating which area makes

More sense for you to choose so number seven is schools and education so depending on who your target tenant might be you might be saying I want to go appeal to families or want to appeal to Young professional couples or want to appeal to students again where’s the

Local schools is the how far away are the local primary schools the secondary schools what rating do they have ofstead rating do they have and so these are important if a property or an area is within close proximity to a load of outstanding primary schools or outstanding secondary schools it’s going

To appeal to families it’s in catchment areas and therefore that area you might be able to narrow it down to one mile or 2 mile radius that you go I really want to go now want to go families I want a two- bed house or a three bed house

Doesn’t matter if it’s Terrace or semi- detached I want it close to a park and different things like that and so if it becomes to students how far away is it University they’re walking all the time or maybe on a bike ultimately the walkability of that property to where it

Is in relation to the universi to the shops other things facilities that they might want access to become super important to students which brings us to number eight the recreation facilities in that area so how much open space is there in that area is there places to

Walk is there places for things to do and see you know ultimately if it’s for families those things are going to play an important role Young professionals maybe less so because they just want more night life shops things to go out and do transport things like that so A game coupled with

What’s the ten demand what’s your type of property what’s the recreation facilities available you can start to piece where this area would be more suitable for that Target tenant in this type of property compared to this one which leads us to number nine shopping and we’re looking at what facilities are

There available in that area when it comes to shopping so that is there a High Street is there like a retail trade park nearby is there good facilities for parking is everything quite accessible could you even walk walk from certain areas to the High Street so number 10 is

Jobs so jobs Drive house pricing at the end of the day if jobs start to decline house prices start to decline if jobs are increasing house prices will increase cuz ultimately people have security people’s wage starts to go up they look to upscale or add value to the

House by renovating their house and things like that if major company start to move away from an area headquarters are closing down or they’re relocating to different areas and that area just starts to have lots of commercial vacancies around or the high Street’s got lots of vacancies around this isn’t

Going to be appealing for people to want to live there and therefore they’re going to pick a different area where there’s a bit more of a Vibe bit more of a buzz bit more things going around going on and they’ve got the facilities that they need to in that area and so

Where jobs are coming into play if there’s lots of jobs being advertised in that area you know new headquarters are being created you know big companies are moving there and and providing more jobs the High Street things are being let quickly you can go and walk the High

Street and see this is this was vacant last month this month it’s been let and you can also check this stuff on zuper and right move to see what commercial properties is starting to go and to be let or how many are available to be let in that street in that high straight

With jobs it has a KnockOn effect to tenant demand and this can impact ultimately your house price going forward by considering these 10 characteristics of an area you can then grade your area by simply grading it say from a to F giving it plus or minus is

To tweak it a little bit and therefore once you’ve assessed one area you can then do the same on another area and then you can compare the two with an overall score and ranking your areas to compare which one’s better than the next one once you’ve decided on an area you

Then need to decide what type of property you want to go for and to help you do that I’ve created this video for you now that will explain the five worst types of BCT properties that you could buy and you should avoid those ones so go and watch that video now thanks very

Much for watching I really do appreciate it and I’ll see you next time