£45,500 Profit on HMO Greater Manchester Stanley Street Property

£45,500 Profit on HMO Greater Manchester Stanley Street Property

Ourselves and our Joint Venture partners have numerous HMOs in various stages. Some are being refurbished. Some are at our solicitors. All are cash flowing while we have them for sale. Currently ourselves and our Joint Venture partners have 13 HMO properties in various stages.

This is the paramount issue while investing in property, CASH FLOW!

Ourselves and our Joint Venture partners keep some of the HMO property for ourselves as part of our personal portfolio as well as the rest are up for sale and cash flowing. This negates any urgency.

£45,500 Profit on HMO Greater Manchester Stanley Street Property Breakdowns

The following below is the case study of a property in Greater Manchester. I have included completion statements both on our purchase and sale. More so, all costs and rents generated, pictures before and after. We entered into a corporate let on this property. There were no voids, no management, and maintenance covered up to £5,000 per year. Myself and my JV colleagues made a total of £45,500 which was a 45% return in slightly less than one year.

Purchase- £73,605

Costs- Total Cost was £100,460 and myself and my JV partners had a monthly rent of £1137.5