TPP180: How to buy an HMO

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 25 August 2016

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

More than any other type of property investment, the success of an HMO hinges on buying and setting it up right in the first place. We've talked recently about managing an HMO once it's up and running, but this week it's all about acquisition. We discuss: Where to buy, depending on your target market Two ways to find out where the "HMO areas" are Why you absolutely don't want to compromise on location The importance of understanding Article 4 The challenges involved in financing an HMO How lenders value HMOs (check out this episode of the Property Geek podcast for more on this) What you need to know about licensing The returns you can expect to earn The key components to setting yourself up for a high ROI See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hello this is the property podcast I am Rob B and with me is Rob D and Rob you know I've been
0:07.0	excited about this episode. Sometimes I wonder if you just started doing this
0:11.0	podcast so we could do it for three and a half years
0:13.0	and get to this specific point but go ahead have you a moment.
0:17.0	Thanks Rob.
0:18.0	It's episode 180. No joke. I've actually said to Rob weeks ago. I can't wait for this episode.
0:35.0	You know what? I kind of feel like a cave from depression a day I could have done a better job.
0:39.0	But there we go. I'm not going to re-record it again.
0:43.0	Well, next week we may not have a podcast because that was it, that was the high point.
0:47.0	This is episode 180 and as well as that we have got a topic.
0:51.0	We are going to be talking about how to buy an
0:53.8	HMO, popular topic, lots to know about it and hopefully lots of information to pass on.
0:59.4	Also got a really nice resource if you are particularly lazy like me and a new story that ties in very nicely to what we were talking about on last week's show about QE
1:09.6	But first a couple of little news items starting Rob with a new job at RMP.
1:14.4	There is. So last week I teased you slightly to let you know about a role that's coming up at
1:20.4	R&P. But let me reveal exactly what's going on. So there's many important
1:26.5	roles at R&P, but one of them is the portfolio managers and essentially they're the people
1:31.6	who work with the investors day and day out, so they're the people who work with the investors day and day out so they're the people who will speak to them when they contact R&P,
1:37.0	help them establish clear-defined goals, meet them, work through their strategy and then ultimately help them build a portfolio.
1:45.0	So it's a really important role, and as I mentioned last week, the type of people that were attracted to that role previously when advertised through normal channels.
1:53.7	We're just... Can I say it? Not all, but a lot of slimy sales people and it's just not what
1:59.6	R&P's about. Yes, it is a people person's job and yes, you've got to like people and talking to people, but you're not trying
	...

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