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Articles > Become Financially Free in 2011 through
HMO Property Investment |
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If
you want to leave your job, improve your cashflow
or just be comfortable knowing that every month
you’ll be making a ton more money than ANY
other property strategy out there, then follow
my simple plan and start making money the smart
way.
1)
Determine how much money you need
to cover all of your living expenses and any other
luxuries you must have!
2)
Divide this number by £500 as this is the
gross cashflow amount you will make per month
per house. Rather than worrying about how many
£50 cashflow properties you can get –
focus on the big numbers. Add another £500
to this figure for voids/maintenance and you have
your target number of properties.
3)
Search www.spareroom.com
for people looking for rooms in your area (I’d
suggest 30-40 people minimum) and the rent they
are willing to pay. Post your own test advert
with doubles at £400 pcm (trust me you will
get this rent nationwide outside London). If you
get more than 3 responses in a week, go to Step
4. Otherwise, try again in a few weeks or try
another area.
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4)
Source 3-5 bed properties that will allow
you to rent 4 to 6 rooms. Avoid 3-stories
for your first HMO as there is more work
involved. Get at least 35% discount if you
wish to put NO money in as maximum LTV is
70% as of 04.11.10. Aim to have more doubles
than singles or the figures won’t
work.
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5) Start
advertising the property 2 weeks before you complete.
Furnish with high-quality wooden furniture (try
www.yourhmoexpert.com for great deals), top-quality
appliances and faux-leather sofas and LCD TV’s
for the lounge.
6)
Start moving tenants in. Your aim is to have the
first two cover your mortgage, the next two cover
your bills and the remainder is gross cashflow.
This means that even if you have 80% occupancy,
you won’t lose money (unlike other property
strategies where voids are a direct hit to your
bottom line). Your aim is to maintain 90%+ occupancy
in order to generate £500+ pcm.
7)
Once your first HMO is full; move onto your second
HMO. Timelines should be one HMO every 60-90 days
or possibly less if you are already a full-time
property investor.
If
you are unsure of doing this alone, team up with
a friend and do it together!
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Want
to learn more?
Millennia
Property's "HMO Profits Intensive"
- 29/30 January 2010
Revealed: Cashflow Secrets
of Property Investors!
- 2
Solid Days of On Your Feet Implementation
of The Most Cutting Edge Property Skills
Guaranteed To Make You Money.
- Behind
The Scenes Insight Into The "HMO
Business Model" and How You Can Build
A 6 or 7 Figure Business From Your Passion
With the Right Structure, Systems and
Marketing and much more.
- 2
Full Days of Networking with Successful
Property Investors and Entrepreneurs Overcome
Any Fears Around Property Investing That
Are Holding You Back and Costing you BIG
MONEY
- Confidence
to Negotiate Deals Without Feeling Pushy,
Hyped up or Manipulative...
- Walk
in Clueless and Walk Out with a Strategic
Business Plan Ready To Go - Many Students
Report Making Thousands in Additional
Income in the MONTHS FOLLOWING
this Event!
If you are a property investor, this is a
MUST ATTEND event.
If
you are a service professional such as a lettings
agent, estate agent, accountant, financial
planner, builder or broker discover how you
can INSTANTLY position yourself
as the expert in your field, increase your
prices and fill your houses.
Book
your place at Millennia Property's "HMO
Profits Intensive" NOW!
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Millennia
Property is one such community where professional
investors are invited to join with us and
help us achieve your goals. Our vision is
to create 100 property millionaires by 2015
through our financial and educational services.
Register today to find out how we can help
you make it in today’s property market. |
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Here
is a great resource to help you learn about HMO's
iIf you are a Beginner – Intermediate (you
have some idea about HMO’s, are slightly jealous
and want to dip your toes in):
You
need to check out my 90-Day Fast Start Action Guide
and 30-page report for less than the cost of a meal
out
www.hmosurvivalguide.com
Once
you’ve got the Fast Start Guide, you can check
out the HMO Business Builder course for just £77.00
(but you need to get the HMO Survival Guide first).
Matthew
Moody
01933460270
www.yourhmoexpert.com |
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Rachel
Clarke & Matthew Moody at Simon Zutshi's PIN
Christmas Dinner 2010
About
The Author:
Matthew
Moody is one of the UK’s top HMO experts and
the founder of www.yourhmoexpert.com a website dedicated
to providing property investors with free information
about investing in high quality professional HMO’s.
He runs regular workshops
and speaks at events around the country.
He also runs a HMO management agency with offices
in Northampton, Leeds, Lincoln, Hemel Hempstead
and Colchester together with a property sourcing
and education business, and a furniture package
supplier.
For more details, please contact Matthew on 01933
460270/01604 521301 or info@yourhmoexpert.com
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