The HARSH Truth about HMO Property Investing in 2024!
HTML-код
- Опубликовано: 28 май 2024
- Property Investing is super rewarding but with this comes lots of hurdles to face. In this video, I share the details of how my HMO investment journey began and an update on my 12-month conveyancing process.
⌚️ Timestamps:
0:00 - Introduction
0:45 - My investment journey
02:54 - How I had the money to get started
04:05 - Why I invest in the North
04:47 - HMO Property Course
05:53 - Pulling away from my 1st HMO deal
07:08 - 12 months conveyancing process
08:47 - My reason WHY
Subscribe to this channel for more content: / @kelvinsillah
CONNECT WITH ME ON SOCIAL MEDIA:
🎥 Facebook: / kelvinsillah1
Instagram: / kelvinsillah_
Twitter: / kelvinsillah_
LinkedIn: / kelvin-si. .
HMO property investing and the UGLY truth! | Vlog 01
Hey bro, I just want to say how much I loved the honesty! There’s a lot of investors on RUclips which only talk about the positives. It’s great to see some reality 🙌 keep going 🕺🕺
This means alot! Honestly i’m going to weirdly try and be as honest as possible and just keep sharing things! Thanks for watching
Look forward to watching the transformation
Thank you! I’m looking forward to sharing
You got this 🎉🎉
Thanks Lizzie! Going to show the ins and outs of this
Let’s gooo 🚀🚀
🎉🎉 great work 🫡
Thank you! 😊
Good luck on the journey, man!
Thank you!
Good luck my man! Ive been in your shoes a few times and i know how it feels
Appreciate it!
Love this video! Keep up the good work. I'm just starting my journey into property, I appreciate the honesty 🙌🏼
It's so important to be transparent! Glad you found some value in this! Thank you and all the best with your journey
Let me tell you one thing. I myself i am eastern europen, from Romania and when i built my house in Forest Gate this fact alone help me so much as my romanian builders were much cheaper and much better. Get in touch bruvs, now im currently doing dental clinilcs in Bucharest as my wife is a dentist and we are making bank. 🎉
Good luck.
Thanks Bud!
Can’t wait to see this HMO empire build 💪
Thank you for the comment! Please stay tuned as i’ll be documenting the entire journey for others to learn from
Good luck to you my friend. You speak common sense.
Really appreciate the comment man! Thank you for giving the video your time!
Good luck with your project
Thank you!!!
Well done. So impressed by your determination and perseverance. Those are Fruits of the Spirit, so positive rewards are assured ultimately. Will be following you for inspiration as I dream about developments in the African market. Well done for your selflessness!
Wow, thank you! Super kind and wishing you all the best in your future plans too!
Yes, you cannot do BTL in London you will not make money
Newcastle, Manchester and Edinburgh have best rental yields and are big enough markets you will have high occupancy
So true! Glad I made the decision to love up North and look forward to documenting every step along the way
What property course did you do
Hey bro, ive also done a HMO with my Forest Gate house. It took me 3 years to personally built that masterpiece and now i cant wait for open door to come to the UK to sell it for a decent amount. House is mortgage free and making 60k a year now but wanna sell it and get the cash out. It cost me 350k to build it and now they are selling for 900k
By the way this house is a 8 room house and 4 baths. Gorgeous town house, over 3 floors.
Wow Wow Wow! Firstly massive congratulations! this is AMAZING! It’s so good when we are able to leverage property to suit our lifestyles and I wish you all the best with that. Would you reinvest the £ back into property then?
@@KelvinSillah i am my man but when i built that house i was living in London. Nowadays i live in Bucharest where i met my wife and we are making more with dental stuff rather than properties alone. Next year im also going to launch my first craft brewery. So we are into different stuff kind of. But if my romanian connections can help you with your stuff i can feel free to pass them on
@@KelvinSillah the Road where i built this house is called Sprowston Mews. E7 9 Ae. Private mews at that time and i bought my plot for 90k. Imagine that nowadays. That happened in 2016 and its close to Stratford mate. Anyway, i was the very first tu buy on that mews now it s only houses and plots sell if any, for 300k plus
@@florinserbabh4560 I love your story and glad your keeping busy! Yes let’s stay connected. Always good to know a build team that comes recommended
With interest rates as they are, do you think good profits can still be made
As i'm renting each room as a seperate unit, the property is able to cashflow a lot better than a standard home. 1 or 2 rooms in the property will be the profit with the rest covering the expenses e.g bills, Mortgage etc
What does HMO stand for?
HMO Stands for House of Multiple Occupation.
Boy you about make some funds, congrats in advance, 4 - 6 more and you & Mum can be financial free
Thank you! Fingers crossed man!
What course was it bro?
Send me a message on Instagram
God is the Greatest of planners.
Louder for those at the back!!!!
Can you name the hmo course
Leeds.. he’s using all his lingo
Please DM me on Instagram and i'll be happy to share