Smaller Unencumbered Profitable Property Portfolio

Everything always seem to change. I have personally seen many landlords with 100s of properties go belly up over the years. Maybe it was management or the lack of….at times it was due to leverage. Personally what we are trying to do, is have a smaller Unencumbered Profitable Property Portfolio.

Myself and my JV partners are very concerned about interest rates and prefer not working for the bank.

We look to have Professional HMOs and Social HMOs as they are more profitable than basic Buy to lets. These are what we keep. More so, we prefer working councils & companies on guaranteed rent schemes. This reduces our time and lets us focus on finding properties to refurbish & tenant.

We sell properties in order to buy more with no borrowing. It is hard for us to buy into the BRRR….Buy…Refurbish…Rent and Refinance model. I have seen too many landlords either mismanage or over leverage as stated prior.

We have completed on several conversion projects and are looking at various new conversion projects. Actually we looked at one yesterday that is pushing our risk muscle to some degree. However it is right near the center of the city, has parking, next to public transportation and researching the rental demand as well as demand for buyers.

Personally I believe we need to be flexible, low leverage and always look to create value.

Thoughts??