Peter Singh speaking at The PPSC in February this year
Multi-Let Success Strategy with Peter Singh
A House of Multiple Occupation (HMO) or Multi-Let is a particular type of property which is available from Estate Agents and Landlords.
A HMO is an exceptionally high cashflowing investment property!
The property is leased on a single let at a fixed monthly rental price, and then the rooms of the multi-let property are rented out individually to professional tenants.
Property investors can build a huge portfolio of these types of property by buying at discount and / or adding value by refurbishment, then refinancing the investment and replicating the process, time and time again.
There is a hitch with this type of property investment strategy though…
- It can take a lot of money
- It can take a lot of time
- It is not readily scalable
- Investors are at the mercy of the banks for money
Imagine if you could control an unlimited number of these super-cash flowing multi-let properties with no mortgage, no deposit and no credit checks…
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Landlords Forced Into Remortgaging
More landlords are remortgaging compared to 12 months ago, with a number being forced by their existing lenders to find alternative funding from elsewhere, although some are also remortgaging voluntarily in order to expand their portfolios.
According to research from specialist buy-to-let broker Mortgages for Business, an increasing number of landlords are remortgaging more complex buy-to-let property.
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