HOW THE RICH BUY HOUSES 🏘️

Added: 2026-05-17

[00:00:00]You can buy a house, you pay a £1 deposit just to make it legal and then you can buy it for an agreed price down the line in like 5 years, 10 years, whenever you agree.

[00:00:07]>> I want to buy this house next door. It's £100,000. I put my pound down, but I'm going to pay £100,000 in 5 years. What happens to me between now and the 5 years? Surely they want money.

[00:00:16]>> Yes, so normally you would agree small monthly rent, but then you find a way of renting it for a higher amount. [music] So you might go next door, they only want a grand a month, but if I do it as a nice studio, I can do this and this, I could maybe get three grand a month. And now that two grand a month you're making, you save it and at the end of the 5 years you use it to buy it.

[00:00:31]>> My dad's in property and he's got started [music] probably.

[00:00:34]>> do this then. Probably.

[00:00:35]>> In fact, you said your dad's got a jet, right? He'll do this. All rich people buy houses this way. Hit your dad, ask him if I would be very surprised. Should we ring him after that?

[00:00:42]>> right now. Ask him if he ever buys properties using a purchase option.

[00:00:45]>> Dad, I'm in the middle of a podcast.

[00:00:46]Have you ever bought a property using a purchase option agreement? Yeah. There we go. He owns a jet.

[00:00:51]>> Okay.