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  1. I am viewing a property tomorrow in Southampton quite central and close to the rail station, hospital and university. It is already tenanted and doesn't need huge work to be done. It's originally a 3 bed semi which they have converted one of the reception rooms to another bedroom. In a pessimistic view, this property can give a £1,700 monthly cash flow in full occupancy. The asking price is £220K and I don't think they are open to bring it further down. What do you think?
  2. Hi, I'm currently in the process of setting up up my rent2rent business, specifically HMO management. I have recently come across a few deals in manchester. All are 6 bedroom 3 story properties. After doing the dudilligance, I calculated that they all generate a cash flow of atleast £3000 and a profit of no less than £600. Unfortunately I do not have significant funds to pay for the set up costs. As a result am looking for a joint venture partner. Please get in touch if you are interested
  3. Hi, I completed on my first vanilla BTL through a Ltd. a few months ago and am now looking into higher yielding and high value deals. The two main strategies that i am looking at are HMO's and multi-unit freehold blocks (MUFB) (2-5 flats) of which i am very eager to get a deal in before the SDTL holiday ends. Now, since i also started freelancing a few months ago i did hear that getting an HMO mortgage can be quite tricky if one does not have a long track record of freelancing and/or 6+ months of projects lined up. Vanilla BTL's however should be easier given i soon have 6+ month AST t
  4. Hi, We are looking for recommended estate agents who manage HMO properties in Failsworth or Oldham area. We are looking for agents to manage our two 6 bed HMO properties in the M35 area. Our current agents are not delivering a service to our standards and covid has highlighted a lot of inefficiencies in their service which is costing us time and money. Our search and interactions with a few agents has not resulted in much success. Any recommendations of agents used by people in the area would be highly appreciated. Thanks in advance, stay safe. Best regards, Manju http
  5. Hi all, I have come across an HMO which is being leased to a social housing group. i would be buying the freehold as the lease has been sold at a premium for 999 years. there is a separate lease for 5 yrs which details the rent to be paid by the social housing group. i am not aware of any potential issues in this transaction, should i wish to buy it, can you let me know areas i should pay additional attention to? do i have the option of changing the tenant (social housing association) to some one else or am i locked into 1 tenant for as long as i decide to hold on to t
  6. Hey all! I’m a 35 year old experienced property investor now looking to get into HMO’s. I’ve done quite a bit of research and learned plenty from PropertyHub (huge thanks to the Robs!!) but still have some way to go, the HMO world is very different to the standard BTL’s I’m used to! Would love to connect with others in the West Yorkshire / South Yorkshire areas as this is the area I am looking to invest in. Thanks for reading!
  7. Hiya, I am London based and started a while ago to focus on Leeds as my investment area. I have bought my first BTL in York about a yar ago and now looking to do student HMO's in Leeds around Headingley. It is article 4 yes, and while one does pay a bit of a premium for that you also get piece of mind of not having to worry about future competition (new HMOs pop up left right and centre these days) and a very low amount voids. So I don’t think it’s all bad. Also from deals i am finding, the number still stack up quite well (i.e. 15% ROI in a ltd with full mgmt.) Anyway, I started talking
  8. Hi everyone, New investor here. I live in London but I'm from Hull and went to uni in Leeds (1999 - 2004) so I'm looking to invest in both cities if possible. I'm looking at student lets and/or HMO to young professionals. I'm just starting out on my property investment journey so I'm keen to speak to anyone with experience in these areas, please get in touch if you do. Thanks, Paul
  9. Hi everyone. I'm currently investing in HMOs and I have a question that I'm assuming most people involved in HMOs think about but I would love to open a conversation about it. When purchasing a HMO, the asking price is often, if not always, inflated because of the potential cashflow that these properties offer. However the "bricks and mortar" value is in reality much lower. I want to purchase a HMO property for a market value that is related to it's real cost as suppose to its inflated cost, to reduce the risk of loss if the HMO demand in this area decreases, and also to see capital
  10. Hi, A bit of a complicated question but need some rough guidance. I'm looking at a 3 storey property that's for sale in a unfinished condition. It was a small 4 bedroom split into 2 flats that were being rented out. The current owner has let it fall into disrepair and had it structurally condemned in order to force the council to grant planning permission for a larger rebuild which would create 6 bedrooms split into a lower 4 bed and upper 2 but is clearly designed to be further split into 3 once built. They are now looking to sell for £500k with that planning permission in place. I woul
  11. Wow! So many buyers from Hong Kong buy property in Manchester. I have been deal sourcing / investing in Manchester for years and I have never seen so much interest from Hong Kong. Nick - Smarter Property smarterproperty.net Are other people seeing a lot of new interest in Manchester?
  12. Hello everyone,I am new here, but have been following Rob and Rob for some time and very grateful for all their work they do for community, hopefully I’ll manage to get my own BTL soon.I would like to form “Rent to Rent” limited company and I was wondering if someone could help with advice please.I have found two 3 bedroom houses I can rent and sublet on room by room basis. The living rooms have already been converted into 4th bedroom, so there will be 4 people in total in each house.To my understanding, I need to:1. Sign commercial lease agreement between my LTD and the house owner.2. Make su
  13. Hi, my name is Belinda and I have a 6 bedroom HMO in Croydon. I would like to rent this to a healthcare company who would manage it for me and put in their clients and pay me a guaranteed monthly rent. We would use a 3/5 year lease for this. I would need to give notice to my current tenants in order to make this work. The reason for this is so that I don't have to deal with the day to day necessities of running an HMO. I had an agent looking after the property but he gave notice when the lockdown for Covid 19 started and I have been managing it since. I would need to get approval from TM
  14. Hi All, I have been going to many seminars as well as an intensive 3-day property course over the past few months, the outcome of which is to gear a strategy into Social Housing HMO. I recently found online a company up North that specialises in this field with contracts with Home Office via Serco. I have been reading up as much as possible about this and have been able to verify most of what this 3rd party company is saying with regards to the back story. They have a number of properties on their books. Here's my concern. They have said they have no sourcin
  15. Hi, As a new investor I'm after some advice. My husband and I have bought a house for rental. We were unable to obtain a HMO license as there was a local limit in the area. However we have obtained full planning permission to convert the property into two flats. My husband is now working flat out to achieve this. Do we need to legally spilt the flats into two leaseholds with the freehold in a separate limited company? We are keen to avoid these costs but are concerned that even if the physical split complies with building regs, not legally splitting the property will break the H
  16. amnonk

    HMO vs. BTL

    Hi, I'm new here and this is my first topic. I'm trying to make up my mind which way to go. The HMO way or the single lets way. I'm an expat so I won't be able to manage the property on my own. Since I will have to rely on an agent I think that investing in HMOs might be a safer bet. the reasons are: Rental yields are much higher. Less rental voids since you have multiple tenants. There is less exposure to arrears. The only cons I can find are that it might be more difficult to find an agent who specializes in HMOs. And that there is more wear
  17. Hello, I own 3 HMOs through my limited company. As they are HMOs, my company needs to pay for the utility bills. To be able make the utility related expenses Tax deductible, should I register these utilities as Business/Commercial energy so that the bills are under my Limited company’s name? Or even if I register the utilities as domestic under my personal name (Company director), will they still be tax deductible? The business energy rates are considerably higher than the domestic ones, but I don’t want to have any problem with the tax calculations. Thank you in advance
  18. Posted already in the HMO thread, but doesn't look like it gets much traffic... Hello Hubbers! I have been absent for a while, but logging back on to try and get some advice. I have been operating the rent a room scheme in my own 3 bedroom property for around 5 years-charging on an all inclusive basis - with certain caveats and stipulations in place with regard to energy consumption etc. Typically bills didn't increase that much and I made a tidy profit as well as someone else paying my mortgage. I am now converting the 3 bedroom flat into an HMO (Scotland based-therefo
  19. Hi everyone, My business partner and I are looking to buy and convert a house to a 5-bed HMO somewhere within an hour or so drive from NW London, where we live. We have £150k to invest in total on the property and refurb costs - so thinking £250k purchase price on a 25% mortgage and £60k for refurb. We both work full-time and so as this would be our first HMO (we both have experience with single lets), we would need some hand-holding, starting with a property sourcer. Does anyone have any good advice as to how go about finding a trustworthy sourcer? We are also open to de
  20. Hi all, Have finally decided to go for property investing as a way to reach financial freedom. Considering recent tax changes and updated regulations in this space, I’m considering doing it all via an spv and planning to start it out with an HMO. I live in London but want to steer clear of it due to high prices. So I’m looking in the usual suspects, the likes of Man, Bir, Liv... I am looking to share my experience with you guys as I go, but would also appreciate to get yours as I’m pretty new to all of this and feel like I don’t even grasp 1/10 of this subject.
  21. Hi everyone, My name is Marian and I have lived in London all my life. I am currently a Property Deal Sourcer with my business partner Kirielle. I find property deals in London for property investors and I will be using the funds from this to be able to invest in properties myself. I know quite a bit about HMOs (Houses of Multiple Occupancy) which bring in great rental yield. I am happy to answer any HMO related questions
  22. As a property investor (I'm not a landlord): For example, I found a BMV property, then apply for planning permission to convert into an HMO property depending how many bedrooms and use the bridging finance to refurb it, then use the property to rent it out to potential tenants if that makes sense. This is a buy to let. Someone mentioned that property management/ Rent2Rent is a trading business. Which of these codes are applicable? It is really confusing. SIC codes SIC code 68100 is for the buying and selling of own real estate; so, if you’re going to be flipping and
  23. What advice would you give for someone looking to get into HMO's to begin with? Lucky enough to be at a young age (17) and would greatly appreciate any advice that can be given from anyone who has had or currently owns HMO's and what would they do differently if they were to start again/ what mistakes to avoid if possible. Thanks
  24. Hi All, I'm currently buying a 6 bed HMO in Liverpool. I know I'll need to re-register the property in by own name for the licence. However is that also true for current certificates i.e. Gas, Elec and Fire Safety. Also need a good and reliable management agency, as I'll be remote. Thanks, Best regards Gary
  25. Hello everyone I have been investing in property for about 5 years now - mainly in Liverpool but with experience in Manchester and Cheshire. Also run a specialist lettings and management business just for professional HMOs in those same areas on a selective basis. Selective means we choose carefully which landlords and properties we work with as there are many poor quality HMOs out there that people expect us to work miracles with. I am no magician. Here to continue learning and to connect with like-minded people. Also happy to offer advice from my experience whenever it might
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