More than any other type of property investment, the success of an HMO hinges on buying and setting it up right in the first place. We’ve talked recently about managing an HMO once it’s up and running, but this week it’s all about acquisition.
- Where to buy, depending on your target market
- Two ways to find out where the “HMO areas” are
- Why you absolutely don’t want to compromise on location
- The importance of understanding Article 4
- The challenges involved in financing an HMO
- How lenders value HMOs (check out this episode of the Property Geek podcast for more on this)
- What you need to know about licensing
- The returns you can expect to earn
- The key components to setting yourself up for a high ROI
Resource of the week
MySMS allows you to receive and reply to text messages on your laptop or tablet, as well as your phone. It makes it a lot easier to type long replies, and also means you’re less likely to miss a text if you’ve left your phone on silent or it’s in another room.
News this week
Property wealth has quadrupled since 1995, driving a huge expansion in UK national wealth. That’s according to data from the ONS as reported in the Guardian.
As we discussed on the podcast last week, that’s only going to be magnified by a new round of interest rate cuts and QE – making the economy look superficially strong, but ever more of the “wealth” being concentrated in property and stock prices.
Want a job?
RMP Property is hiring! If you fancy working in property alongside Rob B, this is the place to apply.
Meetups are coming!
The first Thursday of the month means meetups – more than 30 of them across the UK and beyond.
It’s completely free, there’s nothing for sale, and we can promise you an evening of pleasant property chat with the possibility of making valuable new connections.
Join the conversation
What kind of returns are you seeing from HMOs?
What do you think is the key to getting the purchase and set-up right?
We’d love to know, so join the discussion in The Property Hub!
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