Yes we are all workaholics. My wife…my children and myself. Yesterday we had an interesting conversation with a fellow HMO investor whom we are looking to JV. Our focus with him is Professional HMO properties in another area outside of Manchester.
What was interesting was he brought up that he feels that low end LHA properties could be the lowest risk type of UK Property.
I explained to him that we are in the process of buying several terraced houses in Liverpool that in 2008 did sell between 70-80k. We are buying them very right and will be all in after refurb mid 40k range. The good news is that they will be renting at a minimum of 425 maybe even 450. Simply do the math! The yields are great. The key is that the properties must be managed correctly. This is what makes or breaks the investment. My colleagues own 50 similar LHA type properties in Manchester. During the last property crash they survived. The councils still paid…actually there is more demand than property.
As high yielding are our Professional HMO properties, they require a big investment. The LHA are like hitting singles that a good size portfolio of them will synergize and become Extremely profitable and at the same time…one of the lowest risk property investments in the UK as long as they are managed correctly.
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