He Purchased 29 HMO Properties and Makes £64,000 Per Month

[@MaxWolf-s9y]

I grew up in a house my mum bought for £10 million. I started from scratch and managed to buy 150 houses, and now I earn £190,000 every month. You too can achieve the same success-if you grew up in a £10 million house, attended a private school, and studied at a Red Brick university, while always having access to loans for any amount from the bank. See how equal our chances are?

[@propertiesbyguru]

Was itching to see this! Great to see you two together! Smashed it 🔥

[@JustinWilkins]

Yes Guru 🔥 this one was a long time coming

[@ameenr9129]

Genuine bloke, a top lad. Loved the passion of the F-bombs and Justin's nonchalant reaction 😂

[@JustinWilkins]

😂🔥

[@NickBotha]

Insightful, thanks Justin 🏆

[@JustinWilkins]

Cheers Nick 🍺

[@Ameenthetechbro]

Really great video. I would definitely be rewatching this couple of times as i start out my property journey.

[@JustinWilkins]

Glad to hear it 🤝

[@jayeezy7410]

Two of my fav KZbinrs in the property space...great video and good to see you both link up again

[@JustinWilkins]

Let’s go 🔥🔥

[@jamieblissett]

Commercial valuation still?

[@lukebrown8580]

HMOs are great, but it’s a real sad time that there is profit and money in housing refugees through the government when we have a huge immigration problem. The UK is in a sorry state

[@JustinWilkins]

Lots of ways that HMOs can be run now. Re housing refugees, il be honest in saying I’ve heard there are some mixed opinions out there - some people are very pro the social housing strategy, and some people really not.

[@paulcoates3860]

Ye true, costs are less giving a lease to provider than able to do it with working Profn students

[@adamhartup6525]

I agree, illegal immigrants or refugees as we like to call them should be remanded in custody and then sent back. If we spent money on boats rather than nice cosy little government paid for houses no where near as many would come.

[@DilipKumar-o6e5k]

@@adamhartup6525 We should not go around b0mbing other countries and we won't have these refugees..

[@DilipKumar-o6e5k]

Also sad is Rishi Sunak brought in 750,000 Indians in to this country via many ways inc refugees/boats/scam visa's from India.

[@mofabulous-u7i]

How would the conversation go with your JV partner if the valuation comes back low? And say if you weren’t able to return there whole amount as you’d agreed?? Profit share??

[@ridethelakes]

Which mortgage lenders are you using for social housing HMO's? I looked into single lets with serco and it looked like the main mortgage lenders wouldn't touch it.

[@IggySODMG]

Really? Was thinking of purchasing a property and giving it to serco, but never knew main mortgage lenders don't like it

[@ridethelakes]

@IggySODMG Yes, if you think about it, the landlord doesn't control the property, has no knowledge of who the tenants are, so the risk is higher for lenders.

[@DilipKumar-o6e5k]

Go through brokers..

[@ridethelakes]

@@DilipKumar-o6e5k My broker doesn't know of any lenders that would do social housing hmo. This is why I asked what lenders would do it.

[@LNCapital]

Hi mate the mortgage broker that I use can help you get a lender that is happy with social housing HMO’s or social housing They are called Mortgage Style Just say Luigi referred you

[@jermaineishmael7225]

So God damn refreshing hearing someone speacking with this accent on KZbin for once.....👌🏿

[@JustinWilkins]

Glad to hear and hope you enjoyed the video 🤝

[@KM-pq7sr]

What, a fake wannabe gangster accent?

[@chrise202]

This is the reason why UK has such poor housing standards where 6 sqm is a bedroom. Sad

[@JustinWilkins]

Agreed, minimum room size is 6.5 sqm for HMOs. But I will say out of the investors I’ve met that do HMOs, they all aim to provide 8 sqm rooms and above.

[@tomaszrolka2811]

Yes, but only because the investors are afraid that the rules might slightly change in the near future, preventing them from renting out a room as a bedroom, so they keep a margin.

[@LNCapital]

@@JustinWilkins just to add it depends on the area as some areas hmo Licencing minimum room size is 6.5m2 some areas it’s 8m2

[@bryan841]

Great video. Interesting to see someone doing something with social housing. Being conservative in your approach doesn’t necessarily translate to less profit. Enjoying the channel!

[@JustinWilkins]

Thanks Bryan 🤝

[@imapadlock]

I guess when kier starmer said he was winding up the hotel use (which he hasn’t anyway). This is the replacement. Struggling to see anything to be proud of here.

[@DilipKumar-o6e5k]

There are for Brit Families.. Most social housing are now giving homes to Brits. I work in the industry.

[@cvjss2]

If you download his company's filing history on Companies House, it shows that his claims of 29 properties and making £64,000 a month is completely inaccurate. This seems like a classic case of someone wildly exaggerating...!

[@JustinWilkins]

I can see what you mean if you are just looking at his personal portfolio - but you’ve not found his JV properties. Most of his houses have joint venture partners. I did research this prior to getting him on

[@darrenhill5802]

You sound like someone who has not owned a Ltd company, as if you had you would understand that Companies house is always outdated, by 12month to 2 years, plus turnover, profit, and wages are not listed as you may think

[@darrenhill5802]

Also what you have downloaded, is very basic accounts, that are not up to date

[@LNCapital]

I’ve got over 23 uk limited companies which I own the properties in, Luigi is not my government name but i don’t share my birth name online for security reasons lots of weirdos online like yourself that think they are FBI agents 😂

[@darrenhill5802]

@@LNCapitalI was on about the people downloading your “accounts” trying to say you’re full of it ! It was not about you lad, but whatever

[@Africa-q4k]

Hi Justin, why dont you check this guys companies house. I think he’s a fraud or liar. He’s companies house doesn’t indicate the figures quoted. Did you check this?

[@JustinWilkins]

Yes I did, I always background check as much as possible. You’ll find he has over 20 joint venture partners, and a lot of companies in different names

[@Africa-q4k]

@ do assets equate to a few million?

[@JustinWilkins]

Always a good question to ask though! Never take people’s word for anything do your checks. His assets total millions, but his equity won’t.

[@paulcoates3860]

Good question but could be put better, but good due diligence mindset.. Lungi doesn't have that Samuel Leeds wide boy scam vibe , n doesnt hide or brush over the details...😊. Interesting to look on companies house tho 👍🏻 for irregularities

[@LNCapital]

Luigi isn’t my government name but I have over 23 uk limited companies listed under my birth name which I don’t share online for security reasons. Lots of Karen’s like yourself that love to try bring people down

[@paulcoates3860]

Luigi is great😂 10x Grant cardone, Luigi is a 20x +

[@JustinWilkins]

😂👏

[@jordanking4216]

What’s the plan when reform get in & get rid of government funding for immigrants?

[@Joe_Hawesuk]

When the lease is up, they would change strategy, probs run as a normal HMO

[@DilipKumar-o6e5k]

Far-Right Reform Ain't Coming In... If they do expect civil war...

[@Badhabbit_]

HMO r disgusting I currently live in 1 myself in the city of Liverpool I generally share a normal 2 bed flat with 2 other guys , which has been converted to a 3 bedrooms with one of them being tiny ( feel for the guy living in tht room ) and the landlord charges extortion rates of £500 + top ups for elecky and gas it’s an absolute joke ! It’s like I’m trapped I work a full time job and can’t manage to save enough to move out avoid these at all costs and the landlords are just greedy taking advantage of as many vunerable people as possible they thrive of dole claimants and people on the sick they should be banned !