How Much Does It Cost to Set Up and Run a HMO Property? | Samuel Leeds

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In this video I explain what the set up costs are to buying your first HMO (House of Multiple Occupancy) and how much profit you can expect to make passively each month!

0:43 - How much do you need to put into the deal? We're going to work on the basis of a 25% deposit. You can do it for less, but then your interest rates will be higher. Legal fees also factor in but shouldn't be more than £1000.

2:01 - How much return on investment are you going to receive? If you put £35,000 in the bank, your return would be next to nothing. You should always look for a 20% ROI when investing in property.

2:27 - What's the breakdown of the ROI? A good starting point will be £350 per month, per room for the rent, which equates to £1400 per month. However, this will not be all profit, there are various bills to pay.

4:17 - Conclusion and round up. Add up all your expenses and calculate your return on investment to find out how much income you will be making passively every single month. Not to mention you have equity trapped in the property AND capital appreciation!

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How To Start Investing In Property:
https://www.youtube.com/watch?v=fD72LIRCoRw&list=PL2pwVLNuxBo-6LAqip-DiNmNpDlmfxx9A

How To Buy Property Below Market Value:
https://www.youtube.com/watch?v=QsSE16fz7ws&index=3&list=PL2pwVLNuxBo9-mqWRERxqIkXpsXXnhzBP

How To Buy A House with No Money Down:
https://www.youtube.com/watch?v=8XoOaz1K1mo&index=3&list=PL2pwVLNuxBo8LdQHChi5Vdymq6oHgZz0t&t=0s

How To Finance Property Deals:
https://www.youtube.com/watch?v=3DIStoRbaFE&list=PL2pwVLNuxBo9mQlt-GMmjUHPgm5GRtjZe

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