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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

“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

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

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

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

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

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

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

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

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

👀 Seeing what you want to see 👀 I usually assist at least 1 person a day with their GDV appraisals for their HMO developments. Most of these 5-7 people a week are asking for my advice because they are new to

Article 4 is usually brought in for a reason. Too many HMOs. Just like property strategies become trendy and ‘all the rage’ (right now we’re in the ‘Supported Living Era’, we’ve just come out of the ‘Serviced Accommodation Era’ and I remember

Oh bloody hell, where do I start? I‘m pulling my hair out currently (haha my hair has all gone already, I know that, thank you for reminding me, there’s a reason why I wear a hat every day) with a couple

This is a really touchy subject among managing agents but here me out… I get asked A LOT about HMO saturation. Which parts of the country do I feel where there are too many HMOs and therefore potential for saturation. This can lead

📈 What am I seeing with HMO valuations and offers from buyers in this market? 📉 I’m currently working on a lot of HMO stock that I visited, valued and appraised between late ’21 and mid ‘22. It’s not unusual for me

Can you still develop high-end HMOs to flip on? Over the years, I’ve had great success working with developers to sell on their brand new HMOs. Who doesn’t love a sexy new refurbished property? The HMO Flip is something that I’m quite big

Can HMOs still sell for a premium above bricks and mortar? The answer is yes in ‘most’ cases but there are several situations where this isn’t possible (and rightly so). Where should I go first? Let’s talk about the HMOs (we’re talking about

Every non-article 4 area in the ‘North’ has the potential to be the Wild West in terms of ‘packaged deals’ from sourcers or self-sourced HMO conversion opportunities. 🏚️ Cheap as s*@t terraced houses with fancy architect’s drawings, a superb looking spreadsheet

I get asked “of all the places you travel to, what’s the best place for HMOs?” And again, when asked this on a webinar this week, I copped know out. I can’t bring myself to say any specific location because I know

HMOs - Handling the Sales Process You decided to sell your HMO What do you do next? You can’t go and tell the tenants over a coffee and cake and expect a positive reaction - especially if you don’t self-manage and have a

“A heap of HMO mess” BRRR can cause issues and it’s worth me running through some of the ones I see weekly as I perform my job. Picture the scenario… You bought a 3-bed terraced house off-market for £120,000 in 2020 🏚️ You got

What does ‘market value’ mean to you? It’s the price someone is prepared to pay for a product, right? After fair marketing and allowing for standard market conditions? Or some crap like that. Is it the price that a property would obtain at an

☕️ Grab a brew and read about HMOs for the next 7 minutes… “Create an HMO that you’d live in yourself” This is the general, generic comment that we hear quite a lot from landlords. And why not! It’s a great rule to live

❌ Why I won’t be selling any social housing or supported living properties this year ❌ It’s still the same, really. I could give it a go and try and sell HMOs with active social housing leases on them and take them

“If I add a social housing contract to my HMO before I sell, will it increase the value” I get asked this most days. The obvious answer should be ‘yes’ - what’s not to like about a fixed net income and

If you purchase a tenanted HMO, a 'ready-made', established product, then the best advice BY FAR is to 'buy the developer', not just the HMO. What do I mean by this? I have so many exceptional HMO developer clients that are producing