Your First HMO Property Investment - 6 Key Steps To Success [#REWIND]

[upbeat music] Okay.

Welcome back.

So today we're gonna talk about what I believe are the six most important things that you need to get right if you're at the very beginning of your HMO journey, just starting out, maybe looking to acquire your first HMO.

Now, look, I get it.

I remember how much I sort of was afraid of taking that leap of faith and getting my first property.

And there wasn't a lot of information out there back then, and I think that that's probably only made it even more difficult now.

There's lots of really good information out there now.

Some of it's free, some of it's not.

There's also a lot of [laughs] information out there that's not so good.

Again, some of it's free and some of it's not.

So I totally sympathize if you're not quite sure whether what you're doing is right, whether you should actually take this step.

And if you're feeling a bit lonely, a bit apprehensive, a bit unsure about all of this, perhaps even feel like this is out of your reach, then today's episode is for you.

I want to try and help you, and I'm gonna do that by sharing what I think are the six most important things that you need to kind of nail if you want to get this just right.

So here's what we're gonna tackle today.

We're gonna talk about the importance of really understanding HMOs.

Then we're gonna move on and talk about finding the right property and how we do that.

We're gonna talk about the legal requirements and the planning permissions that we need to think about when it comes to HMOs.

Then we're gonna move on and talk about financing HMOs.

Such a key area.

Something we absolutely have to understand and get right.

And then we're gonna talk about renovation and conversion strategies.

And then we're gonna talk about finding and managing tenants.

So, little bit to get through today, but I've tried to break it down, make it really bite-size.

But look, today's episode is gonna be an overview, high-level breakdown of the things that you need to go away and focus on.

We'd be here for hours, days trying to explain each one of them in detail, and you'd be overwhelmed and you'd be confused, and I wouldn't be able to do it in a way that kinda gives you the personalized strategy that you need.