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Houses in Multiple Occupation (HMOs)

Houses in Multiple Occupation (HMOs). Deal or No Deal ?. Contents. Introduction - Who am I ? What are HMOs ? Investment opportunities. Doing the sums. Who do we need to talk to ? Top tips / best practices. Q & A. Introduction - Who am I ?. Former Mechanical Engineer

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Houses in Multiple Occupation (HMOs)

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  1. Houses in Multiple Occupation(HMOs) Deal or No Deal ?

  2. Contents • Introduction - Who am I ? • What are HMOs ? • Investment opportunities. • Doing the sums. • Who do we need to talk to ? • Top tips / best practices. • Q & A.

  3. Introduction - Who am I ? • Former Mechanical Engineer • Full-time Property Investor • Invest in Buy-to-lets, HMOs & Refurb Projects • Consultant for Property Training Companies 5-year member (042666)

  4. What are HMOs ? • Houses in Multiple Occupation • Multi-lets • Houseshares • Planning & Licensing Regulations • Fire Safety Requirements • Noise & nuisance to neighbours

  5. Investment opportunities • Universities • Large Hospitals • High concentration of young professionals • High demand from Local Authority

  6. Doing the sums • Research • Demand • Rental Prices • Properties • Consider all costs • Professional Fees • Comparison to other investments

  7. Doing the sums • 3 bedroom terrace property • Purchase Price £85,000 • Refurbishment £15,000 • Rent (4 @ £80pw) £ 1,380 p.c.m. • Borrowing (@6%) £ 325 p.c.m. • Management (12%) £ 166 p.c.m. • Other costs (18%) £ 248 p.c.m. • CASHFLOW £ 641 p.c.m.

  8. Who do we need to talk to ? • Finance Brokers • Power Team • Letting / Managing Agent • Council • Private Sector Housing (EHO) • Planning Department

  9. Top tips / best practices • Don’t cut corners ! • Refurb to correct standard on day 1 • Get management team in place early • Speak to L.A. early • Keep up to date with rules & regs

  10. Questions & Answers Thank you for your time.

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