Get Properly Motivated With Mike Frisby!
Mike is an experience HMO property investor of 12 years. He’s an investor, developer, business owner, mentor and educator surrounding everything HMO. In the episode, we discover Mikes journey from the corporate world to full-time property investor.
The UK’s #1 Specialist for HMO Mortgages, HMO ReMortgages & HMO Bridging Finance.
HMO Lending Made Easy.
Life Before HMO Property
[01:23] Business Studies at university, then marketing and strategy for large companies for 12 years. Then wanted to be in control of his own life and so started his own property business.
Entry to HMO Investing
[04:12] Started in 2007
Holding Back From HMOs
[05:35] The price point at for big properties.
1st HMO Deal
[06:26] Bought 3 HMOs at once with tenants in situ.
HMOs, Life changing?
[09:58] HMO income has given freedom & choice.
Favourite Part of HMO Property
[11:46] Building portfolios, creativity in design.
[13:43] Mike owns around 300 units around the UK to date.
Best HMO Investment & Why
[20:46] 9 Bed HMO, large HMO, big rooms, communal areas, great decor.
[23:48] Wrong budgeting.
12 Month Portfolio Plans
[30:33] Bigger projects are the focus.
Outside of HMO Investing
[31:31] Helping people systemise their portfolios, and helping them on their journey to HMO success.
Advice for Current HMO Investors
[33:04] Remember – you are better than anyone else.
Advice to New HMO Investors
[34:45] Learn as much as you can, but dont be in a rush.