E38. How to Buy a Property in your Twenties

The Multipliers Club

With Joe Todd away on work duties heading a million pound property renovation, The Multipliers sat down for a discussion of: If it is reasonably possible to buy a property in your twenties, especially in the current climate.

01:00 Brief discussion on buying property in your twenties.

08:00 Do you need to have a huge deposit to buy a home nowadays? If so, how much do you need percentage wise? And how much can you borrow? And can you borrow with a partner?

28:30 What is the average price and size of a home in the uk? Is this even sustainable?

39:27 What happened when a multi-millionaire with a 7 figure bank balance tried to buy a home.

41:40 Sam Warrington shares a story as a hungry 19 year old that inspired his mindset, learning from the best at the start of his sales career. Where a young recruit was made to purchase a holiday to the Maldives and forced to earn commision in a month to pay for it.

42:40 The first Rolex Sam ever bought and why and where this led him to.

47:40 The unbelievable stats on mortgages and what that means for people trying to get on the ladder. Is the advice given by our elders about buying a home still valid? Or is it time to follow suit to the rest of the world and be a generation of renters who pay for other people's mortgages.

49:20 The unbelievable boom of the late 90’s and early 00’s that saw many people being set up for life, then the crash of 2008 that saw many people declaring bankrupt.

For more information about this episode, head to our Instagram @themultipliersclub. The Multipliers Club is a community of ambitious young entrepreneurs dedicated to personal and business development. Join your hosts, Joe Todd, a construction entrepreneur, Luke Harvey and Sam Warrington, owners of a social media agency, and Jake Waters, a luxury travel expert. Together, they provide insights into the modern entrepreneurial journey, sharing their experiences as young founders who work hard and play hard. In addition, the podcast features lessons and wisdom from a carefully selected roster of respected business experts. Stay tuned for an engaging and informative conversation.

.