HOT BRRR DEAL – or is it?
HOT BRR PROPERTY DEAL Hi, I'm a property sourcer and I will search Rightmove for 3-bed terraces in non-article 4 areas in the ‘North’ and put in an offer £2,500 below asking price with the estate agent Once 'secured', I will package this terraced house
“I don’t want to tell my tenants that I’m selling”
“I don’t want my tenants knowing that I’m selling my HMO”, is a line I hear once or twice a week. It’s usually followed by me saying something like, “At some point, they’ll find out and it is best they find out from you in a
Financing & Buying Tenanted HMOs
Financing and Buying HMOs The HMO Many HMOs (especially those with gross yields above 10%) have strong buyer demand due to their increased income potential over BTLs or other property investment types. We value HMOs, in most cases, based on their income and, understanding investor demand and
Remote Investing – Is it Harder?
Is there a correlation between the long term success of an HMO and how far away you live from the property? As someone who has been around HMOs almost every working day for the last decade, I find this an intriguing question. My interest in how well
Let’s discuss Derby again…
Let’s discuss Derby again. I’m worried that people are rushing in still developing HMOs there as we approach the article 4 cut off and walking into an even tougher marketplace than already exists. I’m worried that several factors will start to work against these developers across the
Unlocking £1,000 Monthly Net Profit from an HMO: Insights from 100 Landlords
Understanding the Numbers What does it really take to earn a net profit of £1,000 per month from a House in Multiple Occupation (HMO)? We surveyed 100 seasoned HMO landlords to find out how much gross income is necessary to achieve this, after accounting for all
One blow of the wind in the wrong direction…
Let’s talk about risks and over-stretching and creating problems… I was charged with Fraud by False Misrepresentation for being out of my depth in the construction industry, for having no relevant experience of fighting the fires that come up working with many trades and contractors, for
Are people still buying tenanted HMOs in 2024?
The cost of living and the cost of lending have seen the average HMO cash flow much less in 2024 than many investors have been used to in previous years. With the exception of the VOA (single council tax banding for HMO rooms) victory, it seems
Are you being too optimistic?
It’s ok to be optimistic on one little thing, isn’t it? When running the numbers on a potential HMO BRR conversion, you’re allowed to be optimistic. 📈 Have a look through spare room and see a few hundred adverts for rooms between £600-750 PCM so you put
Why should you buy your next HMO through HMO Sales Expert?
There are a lot of HMOs on the market right now. How on Earth do you decide which one is best for you? Which location suits you? How many tenants is the optimum amount for your circumstances and experience? What kind of ROI and yields can you expect and