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Houses in Multiple Occupation (HMOs)

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Houses in Multiple Occupation (HMOs) Deal or No Deal ? Contents Introduction - Who am I ? What are HMOs ? Investment opportunities. Doing the sums. – PowerPoint PPT presentation

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Title: Houses in Multiple Occupation (HMOs)


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 _at_ 80pw) 1,380 p.c.m.
  • Borrowing (_at_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
  • Dont 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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