Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

Doctor Andrew's Journey to Financial Freedom Through Property Investing

24 Feb 2024 · 0 min

Watch on YouTube

0:23

Excerpt from a YouTube interview with Doctor Andrew (Ndubuisi 'Andy' Egwim) describing early buy-to-let returns and a shift toward serviced accommodation/Airbnb. Doctor Andrew reports netting about £250–300 per month from a buy-to-let after mortgage costs, expresses a desire to build enough property income to exit medicine, and describes strategically buying properties ahead of planned regional regeneration (a 40–50 year plan).

Questions this video answers

About £250–300 per month.

A 40–50 year plan to regenerate the heart of the Northeast.

But it was, I think the. When you take the mortgage costs off the rent.
Yes.
I think I was left with about 250, 300 quid a month.
That's not bad.
That's not bad for buy to let.
Yeah.
But I thought, bear in mind, I was desperate to give myself an exit from medicine if needed.
Yeah.
Because of what happened. Yeah. And I thought quick, I'm going to need an awful lot of buy to let.
Yes.
To replace my income. So we toddled along and then the next thing you know, we. We thought, well, we'll. I knew from one of the practices I was a partner at at the time that there's a lot of work coming to the area. Yeah. And it was a 40 or 50 year plan to regenerate the heart of the Northeast. And I knew this before it had kind of become public knowledge. So we started buying properties to make them into, we call it, serviced accommodation. People might know it as Airbnb.