Have HMO values gone down?
đ What am I seeing with HMO valuations and offers from buyers in this market? đ Iâm currently working on a lot of HMO stock that I visited, valued and appraised between late â21 and mid â22. Itâs not unusual for me to work on HMOs that
Flipping Heck
Can you still develop high-end HMOs to flip on? Over the years, Iâve had great success working with developers to sell on their brand new HMOs. Who doesnât love a sexy new refurbished property? The HMO Flip is something that Iâm quite big on. Thereâs a huge opportunity for
Do HMOs still sell for a premium?
Can HMOs still sell for a premium above bricks and mortar? The answer is yes in âmostâ cases but there are several situations where this isnât possible (and rightly so). Where should I go first? Letâs talk about the HMOs (weâre talking about C4 properties here, by the
Tenant Loyalty or Insta Royalty?
Every non-article 4 area in the âNorthâ has the potential to be the Wild West in terms of âpackaged dealsâ from sourcers or self-sourced HMO conversion opportunities. đď¸ Cheap as s*@t terraced houses with fancy architectâs drawings, a superb looking spreadsheet to highlight the yields and
Whatâs the best location to an HMO?
I get asked âof all the places you travel to, whatâs the best place for HMOs?â And again, when asked this on a webinar this week, I copped know out. I canât bring myself to say any specific location because I know that is the wrong piece
Sales Fatigue Kicks in Otherwise
HMOs - Handling the Sales Process You decided to sell your HMO What do you do next? You canât go and tell the tenants over a coffee and cake and expect a positive reaction - especially if you donât self-manage and have a close relationship with the occupiers. First
A Heap of HMO Mess
âA heap of HMO messâ BRRR can cause issues and itâs 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 ÂŁ120,000 in 2020 đď¸ You got an architect to design a
What does âmarket valueâ mean to you?
What does âmarket valueâ mean to you? Itâs 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 auction? The value that a property
âCreate an HMO that youâd live in yourselfâ
âď¸ Grab a brew and read about HMOs for the next 7 minutes⌠âCreate an HMO that youâd live in yourselfâ This is the general, generic comment that we hear quite a lot from landlords. And why not! Itâs a great rule to live by and to develop and
Stick with the experts
â Why I wonât be selling any social housing or supported living properties this year â Itâs 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 on face value. So many of