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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!
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]
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 letsIf you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast!
Make sure you rate & review the podcast HERE - thank you :)
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