How much do HMO refurbs cost?

How much money can you make from an HMO?

Here's the million dollar qu (if only this was the answer...) - how much money are we set to make from our latest 6 bed HMO? In the latest episode of the podcast we talk about gross revenue and run through the expenses. The biggest expense after the mortgage is management fees - we discuss whether they are worth it. We also discuss profit from capital growth as well as just rental income. In the current market conditions we think you should factor in capital growth. Perhaps not, at a rate of 10% a year, although it looks like we are on for that again this year (as predicted!) but a more prudent figure of say 3%.

How much do HMO refurbs cost?

Join Gary and Roni as they drill down into the refurb costs of HMO's and see if they are currently on budget for their current project...

Would you swap £91m for £102m?

Would you swap £91m for £102m?  Yes, of course you would!!!  Well on Monday you had the opportunity to invest in a profitable diagnostics company called Novacyt whose valuation at the time was only £91m but who had £102m in its bank account (in Jan).  Ok, so you couldn't buy the whole company at that value (even if you had a spare £91m!) but you could have taken a cheeky slice.  The stock market presents all kinds of opportunities especially in terrible times like these.  Watch our short 2 min video now which could be the start of your journey to making money on the stock market.

Inside our HMO - Floorplan special

Listen to our HMO floorplan special to see how we are converting a 3 bed terraced property into a 6 bed all en-suite HMO (we were actually unlucky not to get planning for an 8 bed!). In the episode we discuss why we moved the kitchen to the middle floor instead of extending on the ground floor and why we decided to go against the norm and build a loft room instead of using the basement space as an extra room.

Inside our latest HMO project - Part 1 - Pick the property and secure the deal

This week we take a look at our ongoing HMO project in Swinton. We discuss the location and why it appealed to us. We discuss the negotiation and how it ended up in a closed bid scenario. Find out how we were successful. We also discuss the interplay with our investors and how we got them on board with asking way over the asking price!