HMO Interview with Nicholas Wallwork. From IT-Specialist to HMO Investor.
Nick has been investing in HMOs for 20 years now, he’s been involved with over 25 HMO projects, currently housing over 200 tenants himself.
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Resources Mentioned
Investing In International Real Estate For Dummies –
Nicholas Wallwork
Show Notes
Life Before HMO Property
[01:19] Worked in a financial IT company.
Entry to HMO Investing
[06:33] Realised how good is a property business and decided to start investing.
Holding Back From HMOs
[09:20] Was worried about the mortgage.
Summary of 1st HMO Deal
[12:56] 3-bed HMO converted into 4-bedroom, living there himself with tenants.
HMOs, Life-changing?
[15:27] Got educated.
Favourite Part of HMO Property
[19:33] Working with people.
Current Portfolio
[23:20] Different HMOs from small to big.
Best HMO Investment & Why
[28:32] The most difficult one caused the battle with council.
HMO Mistake
[34:46] Being not attentive to Eviction Notices.
12 Month Portfolio Plans
[38:11] 12-bed HMO and 40 units Mega-HMO.
Outside of HMO Investing
[40:05] Writing property book.
Advice for Current HMO Investors
[42:55] Stay up with all the regulations.
Advice to New HMO Investors
[43:52] Don’t jump in too quickly.
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