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Pete Baker has 11 R2R HMOs in his Portfolio right now. These have been acquired over 1.5 years, and it can take 6 months to make a profit from a single R2R. It's not an insta-money-making-scheme like sometimes it's thought of. It can get you out of work, for sure, but it will take longer and cost more than you think.
Be prepared, it's a business like no other. Pete worked in Sales for a long time, before realising his real passion and also that he is unmanageble because he needs to be doing his own thing. He partnered with his Manager, no less! Him & Ash are in business together (BakerWalia) and they are aiming to double their R2R portfolio by July 2019. Quite a goal right?
They don't own these properties and spend between £2-4k per one on the refurb etc, long-term relationships and high quality are priorities for them - they may spend extra, but it's all about delivering exceptional products and a brand.
He is articulate and conveys the challenges and benefits of following this strategy.
www.tej-talks.com/property
https://bakerwalia.co.uk/downloads < His FREE R2R Deal Analyzer is here.
Please leave a review for TejTalks!
Hosted on Acast. See acast.com/privacy for more information.
By Tej Singh5
22 ratings
Pete Baker has 11 R2R HMOs in his Portfolio right now. These have been acquired over 1.5 years, and it can take 6 months to make a profit from a single R2R. It's not an insta-money-making-scheme like sometimes it's thought of. It can get you out of work, for sure, but it will take longer and cost more than you think.
Be prepared, it's a business like no other. Pete worked in Sales for a long time, before realising his real passion and also that he is unmanageble because he needs to be doing his own thing. He partnered with his Manager, no less! Him & Ash are in business together (BakerWalia) and they are aiming to double their R2R portfolio by July 2019. Quite a goal right?
They don't own these properties and spend between £2-4k per one on the refurb etc, long-term relationships and high quality are priorities for them - they may spend extra, but it's all about delivering exceptional products and a brand.
He is articulate and conveys the challenges and benefits of following this strategy.
www.tej-talks.com/property
https://bakerwalia.co.uk/downloads < His FREE R2R Deal Analyzer is here.
Please leave a review for TejTalks!
Hosted on Acast. See acast.com/privacy for more information.

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