How to Replace Your Income With 3 Rental Properties | Rental Property Investing 101 | Simon Zutshi
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- Опубликовано: 11 сен 2024
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In this property education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), and successful property investor since 1995 shares How to Replace Your Income from just 3 Rental Property Return On Investment. The secret being to use HMO property.
Even if you are new to Property Investment UK, Simon’s Rental Property Investing 101 will show you How to Get Your Property Portfolio to Replace Your Income. In terms of his Rental Property knowledge, Simon talks through his experience since 2003, of teaching other people to become successful property investors much quick than he was able to do it himself.
A sufficient Rental Property Income where you Just Start With 3 Rental Properties will mean you become financially independent no longer trade your time for money.
Simon tells us about Rental Property Investing UK, explaining his Property Development journey since his first property purchase in 1995. Simon describes how after 10 years of successful property investing whilst looking back, he realized that his First Rental Property Experience which was an HMO Property Investment, was the most profitable asset from his Rental Property Portfolio.
After elaborating What Is A HMO Property Investment? Simon underlines the benefits of a HMO Property UK and how just 3 of these HMO Properties can contribute to Increasing Your Income. Acquiring HMO Property, instead of property investing with just Single Let properties can be life changing for you.
Simon then breaks down the HMO Rules and Regulations you will have to become familiar with when property investing in HMO property alongside the different types of tenants involved with HMO Management.
He concludes that if you are investing in Rental Property UK, and you haven’t considered HMO UK Property Investment as part of your portfolio - you are missing out. Simon encourages all beginners / experienced investors to educate themselves on this Property Investing Strategy.
Join Simon Zutshi for 2 more in-depth property training videos, about how you can to build a profitable HMO portfolio using other people time, money and experience: property.isref...
Simon explains everything clearly and logically, step by step how to do HMO´s.
I've been on a several of Simon's courses, many free and others not costing too much. I already have 9 properties before I heard of Simon. I'm a Chartered Accountant. What I have learnt is already transforming my life. I was managing properties, not the property business, waste of time and stressful, start delegating, doh! This guy is the real deal and as genuine a person as you are likely to meet. I've not been prompted to say this by Simon or anyone. It's all about getting the skills.
Thank you fort your kind words Jeff. Great to hear that we have encouraged you to delegate the management to someone else to fee up your time. Kind regards simon
That info is 20 years old. HMO is not the same anymore, not allowed in many place, too many in other places . Think he is selling his book now
Have you actually watched the video? Yes the market has changed and that's I talk about the recent regulations. There is no where in the UK that HMOs are not allowed. I am not sure if you are an investor yourself Dav, and of course you are entitled to your opinion, but I can assure you when done correctly this is one of the best strategies which works very well for me and many of my clients who have replaced the income with just a handful of proprieties. kind regards Simon
Are you referring to Article 4 areas? If so, buy from a retiring landlord there or construct your own outside of Article 4 areas.
Also, why not go for premium tenants with co-living HMOs rather than plain vanills type ones? The market for those is not saturated.
I know I knowww that's what I wanna do!!! I'm working for it. Thanks for this great video and pushing me to my dream goal..so exciting! Thanks again.
Hey Simon. Great content as always. I was trying to use the link at the bottom of the description to see the two HMO videos. The link doesn't seem to be working. It may well be because the video is a few months old. All the best.
Simon.....Thumbs up for making these contents.
It helps you to build another source of income and as well as viewers to get quality real estate education. I am aiming to get to real estate business in 2021. Though I live in Canada but your videos are equally relevant regardless of which market viewers are in. Rules of business are similar.
Thank you Mani. The regulations may be slightly different but yes the concept is still valid. Kind regards Simon
Great video 👍👍. Very encouraging 👍👍
Thank you Simon 😊
Informative stuff, keep it up!
Thank you very much!
Why don’t you show us some example comparable investments, eg:
BTL vs HMO vs commercial vs Short Term rental?
Hello Simon, for inheritance tax purposes would you say a HMO rental business is considered an investment rather than a trade?
Great information 👍🏾
Top tip. Pay off the properties as quickly as possible. Don't build an empire on a foundation of sand.
Remain poor!
Whilst keeping a cash buffer, for emergencies, properties should be leveraged to the maximum in order to buy more properties. The mortgages also lower IHT liabilities at death. By paying off the mortgages, all you are doing is limiting your income stream and paying more tax to the Treasury because you have declared higher profits due to no mortgage interest.
If you want to replace your income just buy 4/5 properties. Go for low maintenance 3 bed terraced. £600p/m x 5= £36000 per year. Then get a job earning upto 20k to sup the income and stay a basic rate tax payer. I would advise a council or public sector job so you have sick pay and a good pension from employer. Job done.
The information you provide is fantastic Simon 👏 . Do you think a 4bed HMO that doesn't require a licence could generate £1000pcm. And in your personal opinion what would you say the sweet spot is? In terms of number of people. Thanks 😊
I’m a mortgage broker and have clients with HMO’s worth £130k with 4 sharers and they are generating £1k a month + rent.
@@neilhillard7886 very helpful. Where are you based if you dont mind me asking ?
Well the problem i have with students is they are said to smash up houses more often that proffessionals what are your thoughts on this
Not at a good university. Students are often much better.
@@annajones9701 Thank you
I agree with Anna. Stick to redbrick universities. Always get a guarantor and take a deposit as well. I have NEVER had that happen in 23 years of renting to students but have in other properties.
@@propertynetworking7434 'Russel group university'
@@propertynetworking7434 Thank you all, very helpful tips notes taken i will try them out.
How do you go about affording the property deposit as for buy tickets let’s it’s 25% deposit required? Thankyou!
link not working
Energy performance Band C or better from 2025, costly upgrades coming for those unfortunate to own or buy old Victorian (typical HMO) housing
Not exactly a beginners strategy.... unless of course, someone will show you how to do it if you give them a few grand. Ha ha!
True not a strategy for new investors unless you learn how to use it properly, but if you get £1000+ profit per month on each HMO you get your investment back pretty quick.