The key of a successful HMO project is buying the property right. We conveyed on this property on Friday. Not through a sourcer…but through an agent we had purchased many others. The key is build relationships with vendors….tenants as well as investors our projects. We got this deal at an amazing price. Yes prices are moving up rapidly in Salford area…but if you have a great relationship with an agent….do what you say…act quickly …you become the go to person…Currently we have 4 refurbishment projects going on. We provide turnkey cash flowing HMOS to investors as well as keep ourselves.

We bought this property really right. It will be a lot of work however it will net us or if we decide to sell it to an investor 11,960 per year. That is net….No expenses other than insurance. It will be a ready made project. The below are pictures from Friday..then I will put pictures of a just finished project. You can see the amount of work we put into these projects.

 

After Examples