14 RENT TO RENT DEALS IN 18 MONTHS | Rent To Rent Property Strategy
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- Опубликовано: 11 сен 2024
- RENT TO RENT HMO COURSE - www.fontainebr...
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We met up with Sophie who is smashing the Rent to Rent HMO strategy in Southampton. She’s taken on 14 Rent to Rent deals in the last 18 months.
In this video she takes us to some of her deals, broke down the numbers, gave some amazing tips, spoke about her set backs and how she overcame them.
#property #renttorent #propertytips
There must be some kind of back out clause in the contract after a 6 month period or so in case things don’t go to plan?
4100 rental income
- 550 bills
-1850 rent
(Maintenance, finishing, replacements, vacancies, and rehab)
How is she making over 2k in margin?
Awesome realistic video, thank you guys
4100 rental income
-2400 costs
----
1700 GBP
-10% vacancies
-10% maintenance and repairs
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1360 GBP
- 156 rehab costs (15k/8 years/12 months)
-62 furnishing (6k maybe even more/8 years/12 months)
------
1138 GBP
- insurance
- business tax
- income tax
Nice serving and enforce
Amazing video, thanks for sharing everything!
What happens when the landlord sells up after they have refurbished? This is ridiculous
“We reduced the rent so we can make our money back on the refurb costs.”
“We have a contract with the landlord for 4 years and a further 4 year option”
By the looks of it the landlord is signed to a contract for a set period of time
Even if the landlord sells they still have a commercial lease… so the new landlord can’t terminate the contract
The main problem I have with R2R is you miss out on the main earner. Capital appreciation, over the long term. Your basically buying yourself a job. However can understand it’s a decent way to get started and build some capital to buy your own properties.
Very true. However with the current mortgage rates it's not easy and eventually you'll run out of money for deposits to make it grow. I have three buy to lets at the moment and I don't have the time to be doing buy re-Ferb refinance so I am looking into rent to rent and another way of creating more money to pay for more deposit in the future. And then run by to let alongside rent rent
Hello Fontaine, how can I contact you?
Who pays the council tax?
tenants
Boys I’d give my left leg to be your chauffeur for the day and shadow you guys, happy to pay for your lunches as well 😉😂. Let me know I need to change my life 👌🏽
Haha nice one mate👊 could do with a chauffeur, free lunches and a left leg😂
@@FontaineBrothers I’m serious boys, let me know if we can make this happen. Saves yous some money and time and helps me get some knowledge. Let’s try it for a week, I would appreciate it 👌🏽
💥💥💥💥
This is a terrible deal for her 😂
Entire course is 5 and a half hours long don’t waste your money