Activity
Mon
Wed
Fri
Sun
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
What is this?
Less
More

Memberships

Talking Houses

1.7k members • Free

Savoys Growth Network

1.4k members • Free

Assets For Life Hub

7.2k members • Free

Tareton Properties

113 members • $100/m

12 contributions to Assets For Life Hub
Project 1 Complete (5 bed all ensuite HMO, £42,600 pa)
I am now fully finished my first HMO in Newport, Wales — a 5-bed, all-ensuite HMO 🏠💫 ✅ Fully refurbished to a high spec ✅ Designed for modern professional living ✅ Achieved a 28% ROI 🚀 Had a brief scare with an inital down valuation of £260k vs an expected £300k. Not being one to panic (too much!) we pressed on with another lender who have valued at £325k which I am delighted with considering current market conditions. This marks the conclusion of a lot of hard work and careful planning — but seeing it come to life and deliver results makes it all worth it. On to the next challenge with Project 2 well underway! 💪 Project Marketing video below. https://www.youtube.com/watch?v=oEEv_XOpHfk
1 like • 15d
Hey @Emma Stratton yes great surname 😂. I had a poorly performing BTL before and through a lot of thinking wanted to create a cash flow equivalent to my full time job income. HMO’s seemed the fastest way to do this vs other property strategies. It’s definitely hard work but more than achievable with the right mindset!
1 like • 15d
@Emma Stratton oh nice I am keen to look at them in the future. Like HMO’s my advice would be really test the demand and not just with chat GPT! Dummy ads, phone agents and visit the area etc. sometimes that extra bit of effort and investment ensures the long term demand which is the most important part if your goal is cash flow!
Valuers
Hi Just wondering if anyone has any experience with the below Valuers for valuation of HMOs?
1
0
Valuers
HMO Project 1 Update
We have now completed week 4 of a forecasted 8 week (now 9) 3 - 5 bed all en suite HMO project in Newport, Wales (see previous post) I wanted to share some progress pics and learns! Project has run like clockwork however there have been circa £3k of unexpected costs! The drain as you will see from the pic that our en-suites needed to attach too was nearly 4 ft deep into the foundations on solid floors which came with some extra labour cost. Also we trusted the pre purchase EICR and assumed being able to re-use some of the electrics, we couldn't. Going to have a full re wire now due to some nasty finding once walls were out etc. I will be building the cost of a full re wire into all future projects for both safety, longevity and initial deal analysis. Plan for week 5-7 1.First fix eclectics 2.Kitchen in 3.En-suites finished; Then we get into final cosmetic finishes and external items such as painting the outside and garden. Really enjoying the experience despite it taking me 4 hours to get there every other week!
4
0
HMO Project 1 Update
Weekly Wins Time! 🙌🏻
Whether it’s big or small, a win is a win and we want to celebrate it with you 👊🏻 ✅ Got another deal? ✅ Got your website up and running? ✅ Took action on something you’ve been putting off? ✅ Just had a great mindset shift? Drop your win (or wins!) in the comments below👇🏻 Let’s finish the week strong and cheer each other on!
Weekly Wins Time! 🙌🏻
6 likes • Apr 25
HMO project #1 in development! 3-5 bed all en suite professional conversion. 7 weeks left of development and then onto re-financing off the bridge onto mortgage.
1 like • May 5
@Sara Cromie hey - love the ambition. I am starting on a 5 bed all en suite HMO and I should have a second in a few weeks which will be back to brick and become a 6 bed all en-suite HMO. I have been very conservative in my financial modelling but my target is 25% ROI which I’ll be happy with. I am also developing in an article 4 area as for me it’s a great security to ensure demand remains but does complicate the initial acquisition process. Would love to see the detail of your deals with the money back out in a year!
Congratulations to our giveaway winners! 🎉
A huge congratulations to the lucky winners: @Kerrie Clubb @Thomas Stratton @Liesl Beavington 🥳 You’ve each won a free VIP ticket to an event of your choice and a copy of @Liam J Ryan's book! Please send us a direct message to claim your prize! 🙌 Thank you to everyone who participated, and stay tuned for more exciting giveaways in the future 🚀
3 likes • Nov '24
Wow I never win anything - thank you!
1-10 of 12
Thomas Stratton
4
85points to level up
@thomas-stratton-8229
Looking forward to getting started..

Active 7h ago
Joined Aug 27, 2024
Powered by