From a Plumber to an HMO Property Investor.
Terry has been investing in HMOs for some two years now, he’s been involved with 10 HMO projects, currently housing 36 tenants himself.
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Rich Dad Poor Dad – Robert Kiyosaki
Life Before HMO Property
[00:15] Worked as a plumber, was doing construction and everything with properties.
Entry to HMO Investing
[01:34] Got inspired at the property event.
Holding Back From HMOs
[04:27] Was afraid to leave a day job.
Summary of 1st HMO Deal
[05:52] HMO with the perfect location.
[09:26] Great opportunity to manage the time.
Favourite Part of HMO Property
[12:55] Financial freedom.
[15:01] 10 rent-to-rent HMOs with 36 tenants.
Best HMO Investment & Why
[19:12] 4 bedroom HMO that brought good money.
[30:42] Not protecting yourself on papers.
12 Month Portfolio Plans
[34:35] Purchasing HMOs and have own street office.
Outside of HMO Investing
[35:16] Property consulting.
Advice to New HMO Investors
[38:37] Do a lot of investigation before investing.