£10,000 per month in net income is a common goal for HMO investors, but very few people actually break down what it will take to get there.
In this #Rewind episode, I break down a simple exercise I use with my mentees to reverse engineer that target, looking at how many properties you might need, the equity you’ll need to create and why adding value is such an important part of building and scaling an HMO portfolio.
🎯 What You'll Learn
How to reverse engineer your HMO income target
How many rooms and properties £10,000 per month could require
Why creating equity is essential when scaling
The importance of finding opportunities to add value
How your location and strategy can affect the numbers
If you’ve set yourself a financial target from HMOs, this episode will help you understand what it could actually take to get there and where you need to focus your efforts.
💻 Resources & Mentions
Join my Accelerator Programme: If you’d like my direct input on your current or next project, you canwatch this video or book a complimentary strategy call with me here.
The HMO Roadmap: Feeling overwhelmed? Access 400+ tools, templates, and lessons to help you start, scale, and systemise your HMO business - all in one place.Join here.
The HMO Community: Got questions or need support? Come and connect with 10,000+ investors inside our Free Facebook Grouphere.
Social: Follow me on Instagram for daily HMO tips, advice, and behind-the-scenes updates here.
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