HMO Property Podcast #7 with Nick Smith

From a Painter to an HMO Investor.

Nick is a company owner at Saltbox Living. Property developer creating great properties and giving investors a good return. Nick has been investing in HMOs for someone year now, and currently housing 28 tenants himself in five locations.


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The UK’s #1 Specialist for HMO Mortgages, HMO ReMortgages & HMO Bridging Finance.
HMO Lending Made Easy.

Resources Mentioned

Can’t Hurt Me – David Goggins

Show Notes

Life Before HMO Property
[01:15] Was a painter and then a professional in the digital industry.
Entry to HMO Investing
[02:40] Desire to change work and build a good portfolio.
Holding Back From HMOs
[04:27] Felt more comfortable working with single lets.
Summary of 1st HMO Deal
[05:52] Large HMO in the centre of Harrogate.
HMOs, Life changing?
[09:26] Great opportunity to manage the time.
Favourite Part of HMO Property
[12:55] It gives big flexibility in time.
Current Portfolio
[15:01] HMOs in different locations from 3 to 6 bedrooms.
Best HMO Investment & Why
[19:12] 4 bedroom HMO that brought big opportunities.
HMO Mistake
[30:42] Buying at the wrong price.
12 Month Portfolio Plans
[34:35] Finish 3 HMO projects.
Outside of HMO Investing
[35:16] Service accommodation.
Advice for Current HMO Investors
[38:15] You have to know your numbers.
Advice to New HMO Investors

[38:37] Education is the first thing.

Connect with Nick

Facebook – Nick Smith
Instagram – @saltboxliving

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