RESOURCE LINK
- Join us The HMO Experience Property Clubroom on Clubhouse every Monday AND Tuesday at 1pm (https://www.joinclubhouse.com/)
- Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)
- Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe)
- Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp)
IN THIS EPISODE
Your podcast hosts Jamie Madill and Steve Mitchell have a deep dive into the many pros and a few of the cons when it comes to investing in HMO property.
If you are interested in starting your own HMO property investing portfolio, you need to be listening to this episode of The HMO Experience Property Podcast as it is packed full of nuggets you need to be aware of!
EPISODE HIGHLIGHTS
Introduction [00:00 - 03:15]
Cashflow Cashflow Cashflow [03:15 - 09:10]
A Flexible Strategy [09:10 - 17:40]
Understanding the Risk [17:40 - 25:40]
Things To Be Mindful Of [25:40 - 32:00]
Our Summary of HMO’s [32:00 - 35:45]
Jamies Last Comment [35:45 - 44:05]
KEY TAKEAWAYS
- Having multiple income streams from one house reduces the chance of receiving no income
- Leveraging commercial valuations based on the property income enables a greater chance of recuperating a greater proportion of your initiation investment
- Converting properties into HMO are considered more challenging by some. If you follow some basic principles and work with experienced teams its’ not that different from refurbishing a single let property
- The regulations around HMO are more stringent but they are not onerous. Ensuring you have a good understanding of the regulatory landscape is important
- If you’re looking for income replacement you will need fewer properties than traditional single lets
If you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast!
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