In this week’s video, we see Samuel Leeds meet Mark, a first-time investor, to visit his new HMO property located in Sheffield. It sees them discuss the good, the bad and the ugly when it comes to investing in HMO’s and the ultimate guide on why it is so important that you NEED to buy with formulas and NOT feelings.
Samuel Leeds met with Mark initially at the estate agents to discuss the property – including why and how you can prevent the process of completion from taking longer than estimated, all before getting the keys and heading over to have a tour of the property for the first time!
“Mark is a cool guy, he is filled with energy, energy equals money and I can just tell he has a successful business because of how much energy he has got!”.
Whilst taking a tour around the property, Samuel and Mark both discuss the good, the bad and the ugly. The investors discussed the included costs, covering a range of necessary elements like furnishing, deposits, legalities (& stamp duty!), insurance etc. along with the income Mark would receive, which saw the investor all in all achieve a great passive income per month.
“You don’t want to be spending too much money on doing the property up, especially if the rent and ROI won’t see a difference. The ROI is ultimately the most important thing”, Samuel and Mark both agreed.
The video saw Mark thanking Samuel for this help throughout his property investing journey, stating he is excited to expand his property portfolio and can’t wait to tap into the power teams Samuel can provide!