What is a HMO | HMO Breakdown
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- Опубликовано: 8 ноя 2020
- Have you ever heard of the term HMO? or House of Multiple Occupancy? So what is a HMO? I wanted to give you a HMO breakdown so you understand exactly what a HMO is. HMOs are a great property investment for cashflow.
I want to give you a HMO breakdown because when starting out in Property investment you need to know the basics and understand what is a HMO. After all, they will come up and HMOs can be a great opportunity for you.
I've been investing in property for nearly 10 years and HMOs are part of my property investment strategy they should be part of yours.
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I LOVE HMO's but I always wonder... what's your favourite strategies ladies and gents?
Nice video Jamie, just wondering if you could make a video on holiday let investment. Not seen many discussion around this, cheers.
I’m 16 and still learning but I would say buy to let ( for beginners ) and then work your way up to construction property + buy a buy to let in a place where there’s good rental income and capital appreciation
I’m 16 and still learning but I would say buy to let ( for beginners ) and then work your way up to construction property + buy a buy to let in a place where there’s good rental income and capital appreciation
J, love the realness of your videos! Watch a couple of your vids already today.. Will look you up for some collaborations
Great content as always. Really good to see the interactivity and worked examples.
Much appreciated for the suppose Craig!
Mate great video and a very good insight into things .. much appreciated for the knowledge sharing 🙌🙌🙌
Glad you enjoyed it :)
Great realistic & detailed view of this strategy with potential added costs. Very helpful info thank you.
Very welcome!
Balanced view of HMO - The good , the bad and the ugly. It’s one of my strategies. Good to have a mix.
Thanks Tosin!
Refreshingly honest insight into HMOs. They’re definitely not always the best option and have unique challenges that are very fluid right now.
Thanks so much mate. Really appreciate the engagement and glad you got so much value from the video! 100%, I LOVE HMOs but unless you know what's in this video, most people end up mucking it up! For me, I'm mainly a BTL man! What about you?
@@JamieYork I highly value your advice as you have been investing in property for many years, so if you're saying that you prefer BTLs then I'm going to stick to that.
Another solid video, great advice. I have had my first hmo in South Shields for a few months, it’s paying out like a bandit. However, I have been hard credit scored on the broadband and gas/electrics-it’s knocked my progress a fair bit for the next one-idiot tax as a quick google search could have avoided this 🙈
that's brilliant mate. There's always something to learn at each stage. Keep on pushing!
extremely well explained Jamie loved it🙌 awesome 🏆
Awesome! Thank you Daniel :)
Great overview of HMO's mate!
Thank you
Hi Jamie, I am blaming myself why I have never fallen on your RUclips channel earlier? I just discovered it today and I have watched over 10 of your videos and it's only because it's 3.30am that I have to stop and go to bed but I can't wait to click on play tomorrow after work, I feel like I was so behind and I have catch up
Haha! Glad you’re enjoying the content. Another late night tonight I hope! 😂💪
I really need your help and guidance
I wish I was 1 of your close friend so I would have plenty time to ask questions
Hi Jamie, great content, would you still need planning for a mini HMO?
Hi Jamie, I love your videos. Regarding Pre-app, do they advise on options or do they just discuss one plan.
Basically my situation is, I have two plans for refurbishments of my property. first option to make two self contained portions with in the house for two different households (selective lisence) OR to make 4 bed HMO. In my situation does Pre-app will suggestion what they can likely to give?. Thanks once again for sharing honest view on HMO.
Great question! With pre-apps they only give advice based around one plan that you put together for them!
I'd ask their opinion first on what's the mostly likely outcome. a chat cost nothing my man :)
@@JamieYork thank you for your response. I will arrange a call with Council.
FYI. I used to watch other property investor videos. Since I watch your first video, I'm addicted to your videos.i love the way you present white board and Mic you use, the voice is very clear. Keep doing good work.
even in blt can rent like hmo since not hmo license allowed ?
I have a property in an article 4 area in Leicester near De mountfort uni, Leic Roysl Infirmary. I want to rentv 4 rooms out individually, what are the chances of me getting planning passed. Thank you
It depends on the attitude of the council, HMOs are generally not seen favourably, and they don’t need to grant planning. Each council is different; the main thing they look at is saturation rate (eg, more than X% HMOs in a postcode , more than X HMOs within 100 meters) ; unfortunately the only way I’d know X is speaking to the council. The hmo officer may know (and is good to get in touch with anyway) but it’s the planning department to really speak to. If you really want to know, you can put in a pre-app, costs circa £80, and you can put in a pre-app for any property, don’t need to own it.
Also, are there any developers locally doing HMOs you could ask.
Hi Jamie, another excellent video. Is buying an house which is already an HMO and rented to students as its near a university a good idea?
Thanks! Sure, that can work really well, just make sure it's done to a nice standard and there's enough demand
How many minimum bedroom house must have hmo?
what make it council tax band a , b, c,...?
3 bedroom house no need hmo?
I mean who clicks dislike button? Really? Jealous much? Jeez 🙄
Haters gonna hate!
My uncle says that they wont be a thing in the future. What do u think?
I think in certain areas maybe so but our population is increasing faster than we can build so HMO's will become even more popular
@@JamieYork also I want it invest about £500 in crypto do you witch are the best
@@harryheckels7232 how did that go