Our first accidental HMO was bought 10 years ago!
With our first projects we made some stupid mistakes on the renovations, the layouts and the interior design. Since then we've been involved in dozens of projects both for ourselves and for other people. We know the renovation process inside out and learnt the hard way the processes to follow to create a successful project.
We've had hundreds of tenants stay in our houses, which has taught us what they want, how to attract them and keep them, and how to make sure the usual headaches like late rent and conflict between housemates are avoided.
And we've made some money along the way as well!
When we started out with our own HMO investing, Victoria and I were working 40-60 hours a week in corporate jobs we weren't passionate about. The income was good, but our lifestyle didn't match, and more than anything we craved freedom to travel and enjoy life.
Our starting points might be varied, but we're all looking for the same two things:
Security & freedom!
The process of creating a profitable HMO is relatively simple.
I'm not saying it's easy to put everything into place, but the processes we follow after year of trial and error are the on every project.
And we have plenty of examples from our own projects and from other investors who have completed Inside HMO Investing to prove that it works.
You don't need to be a professor in economics or a master builder to set up and run successful HMOs. I can promise you that we are neither of those things, and still manage to achieve success time and time again.
If it's so simple then, why do you need Inside HMO Investing to succeed?
The process of creating a successful, profitable HMO is simple… once you know how.