Today is Friday and we are having an inspection on this 4 bed social HMO in Carlisle. I put before and after photos. This property will net yearly £15,600 with no voids, no management and all maintenance covered unless structural. Most of these we keep however we sell some in order to buy more. Most banks do not like the 7 plus 3 year lease. Plus in order for finance need HMO experience and be a UK home owner. If you are interested in learning more about this type of investment please contact me. We sell these mostly from 9-9.5%. Since these are net numbers we are speaking gross 11-11.5%. The biggest draw is no interaction with the tenants and the counter party is the UK govt.
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