I just bought a house for £95,000

I just bought a house for £95,000. Here's the numbers. My deposit was £23,750. My stamp duty was £3,800, my solicitor cost was £2,000, broker cost £295, my refab cost was £5,000, which meant my total capital employed was £34,845. Then I'm gonna rent the house out for £700 a month. My mortgage will be £250, my maintenance will be £50 a month, insurance £30 a month, which gives me a net income of £370 per month or £4,440 per year now. House prices are set to rise by 26.4% by 2028. House price will then be £120,000. My equity will be £48,830. The rental income I would have received will be £17,760, and after my corporation tax, I'll be left with £14,208. This will be a good time to refinance the house and my new mortgage will be £90,000. I'll use that 90,000 to pay off the old mortgage of 67,500 and that will leave me with £22,500 in tax free money. I'm then gonna put that tax free money with my rental income and that's gonna give me £36,708. And considering I only put £34,845 into the house initially, at this point I've got a free house. I'm gonna use this money to go and buy another house, repeat the process. This is how wealthy people intelligently leverage debt to scale their net worth. Share this video with someone you think it can help. I'll see you on the next one.