Your host Steve Mitchell chats with Josh Guest from Guest Homes to talk about his latest HMO project which he secured via a Lease Option direct from a landlord.
To find out how Josh did this make sure you check out this episode of The HMO Experience Property Podcast and don’t miss out on his golden nuggets at the end of the episode!
EPISODE HIGHLIGHTS
Introduction [00:00 - 03:35]
Diversification [03:35 - 08:22]
Finding The Opportunity [08:22 - 13:30]
Structuring The Lease Option [13:30 - 18:45]
Bringing In The A-Team [18:45 - 29:30]
HMO v Serviced Accommodation Set Up [29:30 - 35:57]
The Golden Nuggets [35:57 - 43:03]
KEY TAKEAWAYS
To find opportunities you have to put yourself out there with your marketing and networking. Deals very rarely come looking for you
Lease options could be a great way in a rising market to consider purchase lease options
Ensure you have a bespoke contract created for you as opposed to “borrowing” one from someone else
Knowing what exactly you want to do with the property before you secure it will speed the process along
Get educated so you know what you’re doing and network as much as you can.
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