In the final part of this series with Dale Wild of Pegasus Property Investments and Landlord Funiture Co., Dale and Amy talk about the importance of cash flow over capital gains when it comes to building an investment portfolio and more importantly whether cash flow is better with HMOs or with buy-to-let.
Dale Wild - Landlord Furniture Co.
Dale Wild from Pegasus Property Investments talks about his successes, investing in property. In Oldham, he was the first person to get planning permission for an HMO and over the last few years, his business has grown. But success doesn’t come from nowhere. Hard work, luck and the support of your family are key.
Mistakes are made when you rush into a situation. You need to surround yourself with people who are doing it and doing it well and don’t make any decisions until you are 110% certain of what you are doing and 200% certain that you can afford it. Above all, don’t quite the day job until […]
HMO licensing is changing. Not only is it becoming stricter and more widely applicable but it is likely that it will become centrally administered rather than under the control of a local authority. Before these changes come in, however, all HMO projects should start with a conversation with your local HMO Officer.
When you are looking at creating your own HMOs your choices should be down to the people that you’ve got around you and your team of builders. Before you convert a building into an HMO you need to be sure you have everything in place.
These days it is more important than ever to give your HMO the WOW factor, something to make it stand out from the crowd. But this doesn’t have to represent a large investment. Making sure the property is clean, modern and containing the right kinds of electronics is often all you have to do.