How to make a fortune creating a HMO from a Rotten House
If you own a big house and want to really increase your rental income today, start thinking about HMO. Having a large property means you have much more rooms than what you think. What are you waiting for? Create extra rooms and increase your rent by using HMO strategy.
Lisa inherited a three bedroom Victorian house from her grandmother and now she is a bit confused about what to do. Having no experience in the field, and with the house in very bad condition, she let the time go by and left the house empty, making no profit at all. Actually her asset became a liability, because she still had overheads to pay e.g. service charge and council tax.
Eventually she decided to seek help. We helped her to refurbish the property, converting it into a 5 bedroom HMO.
Here is the floor plan:
Lisa now has a property which makes £2364 passive income per calendar month.
|5 BEDROOMS HMO||1 Month||1 Year||5 Years|
|Rent Room 1||£550||£6,600||£33,000|
|Rent Room 2||£550||£6,600||£33,000|
|Rent Room 3||£550||£6,600||£33,000|
|Rent Room 4||£605||£7,260||£36,300|
|Rent Room 5||£700||£8,400||£42,000|
In just three weeks – spending only £3500 – Lisa went from an empty and ruined property to a five bedroom HMO, making £2364 pcm.
Considering that the house was owned with no outstanding mortgage, she recovered the cost of investment within three months of the day she made the decision to go for it.
By adding an extra wall and furnishing all the rooms, she raised the cost slightly, but maximised her passive income.
Incrent uses a strategy that can literally Increase Your Rental Income from a single property.
If you wish to have more details about what we do and how we do it, fill out the contact form,
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Our first valuation is completely free. If you don’t like the deal we offer, you have no obligations towards us.
Alessio Tondo & Fabio Tarantino
Two ordinary guys who turned their passion into a business.
Rent 2 Rent specialists, London
Focused on how to Increase Your Rental Income.