Some Serious Thought For The Weekend….!

GIVE THIS SOME SERIOUS THOUGHT!

The first six words on every email from us says; “Gain Knowledge, Find Opportunity & Take Action”

I want to discuss the importance of taking action, and how to avoid getting left behind.

To do this I will use examples!

THEN

Professional HMO’s in Heaton, Newcastle!

1-3 years ago you could pickup previous 4-5 bedroom student HMOs that were achieving approx 15,000-20,000 in gross rent for £145,000- £175,000 with the idea to convert to a 6-8 bedroom professional HMO which would achieve between £28,000 – £35000 in gross rent.

NOW

Now due to the huge growth in house prices over the past 12 months, it is near on impossible to find these properties that require work for anything less that £190,000 – £200,000 , with developed & professional properties being on the market for £250,000.

EVIDENCE – Click the link to see available properties on Rightmove.

I also want to share the result from one of our clients that did take action:

Click on the link to see the deal:

Current Room Rents: 100% Occupancy

Room 1 – £475

Room 2 – £450

Room 3 – £425

Room 4 – £425

Room 5 – £315

Room 6 – £275

£28380 annual gross rent from 1 property.

Click on the picture below to see the video of the project transformation: