In this week’s show, Simon offers one of his favourite strategies for those looking to insulate themselves against a prospective recession. 

It’s a method that provides any property investor with the quickest way towards replacing their income. By following Simon’s expert guidance, you’ll be making profits almost immediately!   

 

KEY TAKEAWAYS

• Houses Of Multiple Occupation (HMO) consist of a property where three or more unrelated people share some of the facilities, but retain autonomy over their own specific areas.
• The magic number for any HMO is six people in a property, and a good, well-run HMO, should always be netting you around £1000 in profit every month.
• It’s wise to learn the ins-and-outs of how property management works, but the end game should always be to become hands-off. Once you’re making enough profit, give the task of property management to a specialist and reduce your workload significantly.
• HMOs are the ideal accommodation for those who may be looking to tighten their belts due to the effects of the quarantine, or the expected future recession.
• If your property is of a better standard than those in your local area, you’ll never have problems in renting it out. People are visual creatures and are drawn to well-designed, well-equipped habitats, so do the work!

 

BEST MOMENTS

’This is a great way to put a safety net in place’

‘It’s not easy, and it takes time. But it’s far less effort than working for the rest of your life’

‘When times get tough, there’s always a huge demand for these types of properties’

’The key is to find the great properties, and then educate yourself about how to manage them'

 

VALUABLE RESOURCES

To access Simon’s online training course, go to www.HMOcourse.co.uk

• Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

iphone:  http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

Register at Mindset For Property at - www.mindsetforproperty.co.uk 

PIN Meeting - www.pinmeeting.co.uk (Use ZUTSHI as your voucher code to get your first meeting for free)

 

ABOUT THE HOST

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

 

CONTACT METHOD

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi 

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/