HMO Interview with Ryan Carruthers. From Physiotherapist to HMO Investor.
Ryan has been investing in HMOs for some 7 years now, he’s been involved with 40+ HMO projects, currently housing 10 tenants himself.
the HMO Mortgage Broker
The UK’s #1 Specialist for HMO Mortgages, HMO ReMortgages & HMO Bridging Finance. HMO Lending Made Easy.
Life Before HMO Property
[01:37] Had his own trading company.
Entry to HMO Investing
[05:56] Bought a single let first and then moved to HMOs.
Holding Back From HMOs
[07:56] Nothing – after analysing everything.
Summary of 1st HMO Deal
[11:50] 6-bed HMO in the city centre with good cashflow.
[16:33] Gave freedom and life balance.
Favourite Part of HMO Property
[17:33] Pulling a deal.
[21:03] One huge student HMO for students in Lincoln.
Best HMO Investment & Why
[19:12] 4 bedroom HMO that brought big opportunities.
[28:08] Not having a proper team.
12 Month Portfolio Plans
[29:45] More HMOs, flats and commercial buildings.
Outside of HMO Investing
[32:12] Having a podcast.
Advice for Current HMO Investors
[33:52] Track everything.
Advice to New HMO Investors
[35:25] Do the research.