Let’s
take a real-life example from my portfolio with the
EXACT figures (not some made-up rubbish
you’ll read elsewhere) – I want you to
know the truth about property investing and ensure
you are a winner.
6-bed
multi-let rents out at £2440 pcm with on-costs
of £1,279.29 pcm; add portfolio running costs
of £393 pcm and it nets out at £767.71
pcm.
That’s
£767.71 NET cashflow from one house!
I
rest my case. Buy HMO’s – don’t
mess about with single lets unless you already have
a great cashflow-generating business behind you.
Follow
the easy 7-Step Plan
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
websites such as 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, reduce the price or try another
area.
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. Aim to have more doubles than
singles or the figures won’t work.
5) Start advertising the property
2 weeks before you complete. Furnish with high-quality
wooden furniture, 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.
Once you are up and running; you can then move onto
the next level which is setting up your own systematized
business. This is where it gets exciting and you can
then start taking advantage of mega deals such as
the £2 million pound option deal I recently
did on 10 HMO’s in the Midlands.
If
you're serious about your property business
in 2013, you will get this report, right now
and read the report today. |
Imagine,
month after month, having dozens of £400
deposits in your bank account,with almost
no chasing the rent and little tenant support—ever.
What an easy way to earn a living that would
be! You can have that life. I'll show you
how.
- Why
HMO's Are The Perfect Property Investment
- HMO's
Are Not Problem Free
- Why
HMO's Are More Than Just a HMO
- The
HMO Survival Guide
-
Managing Your HMO Effectively
- Make
Money With This Report
|
Meet Matthew THIS WEEK
as he tours the Country looking for action takers!
Are
you stuck and not sure how to get your property business
off the ground? Are you confused by all the different
strategies (45+ that I cover in my book)? Do you spend
all your time DOING and not enough time LEADING? Are
you watching others pass you by with seemingly ease
and wondering what am I doing wrong?
If you're thinking along these lines, then don't worry
because everybody including myself has been there
at some point.
The trick is how you get yourself out of this seemingly
impossible situation and start generating the income
you've always dreamed of so that you can live the
life you've always wanted.
This week for the first time ever, I will be coming
to a town or city near you where you and an intimate
group of fellow property investors can come together
in the "Leaders Briefing".
CLICK
HERE to see where Matthew will be
You see I'm looking for people who are serious about
building a property business who want to work with
me on my brand new "Six Figure Business Circle
Programme" and personally I prefer to meet everybody
I'm going to work with beforehand to make sure that
there is a good fit.
At the Briefing, we'll go through where you are right
now, where you are hoping to get to and any challenges
that you may face. I'll introduce you to our Six Figure
Business Circle programme and for that qualify there
will be an opportunity to join on the day.
So check out the locations I'm coming to and book
yourself a place at our exclusive Leaders Briefing
this week.
CLICK
HERE to see where Matthew will be
