How to Find a HMO Property on Rightmove

This is a little taste of what we do on the Property Investors Crash Course. Book your complimentary ticket today: www.property-i...
Before buying any potential HMO it is important to do full due diligence on compliance, market research and property checks. It is also vital you have a good power team to assist you and help manage the property. This is all stuff we cover in more detail at the Crash Course: www.property-i...

[@joyce-anned805]

This is one of my favourite videos from you sir, just hearing your thought process in finding a house is so helpful! More like this please

[@minikorsi]

I can now see that although it’s a simple process how people can go wrong by starting to compromise on just one category then another, then ending up buying a disaster. You must stick to your cut off points no matter what. Great video!

[@michaelmolnar5349]

Just come across you Samuel and....I'M HOOKED!! Love the energy, the passion and the info! Top Job👍

[@notme1345]

nice to see you on the news 👍

[@Igbostudy]

Thanks for this Samuel

[@Paulsmithwarriorproperites]

Brill vid with great advice

[@HannahBee10]

This has helped me so much!! Thank you, Samuel. Looking forward to the crash course next month :)

[@stingaling]

Doh! Exclude Sold Subject to Contract - ticks box to include....!!!

[@08060044A]

Really help full. In depth hands on, really good thank you.

[@mentallyunbreakable3370]

Thankyou so much for this information your amazing god bless!

[@dsdlinvestmentltd674]

Brilliant content as always

[@joerobinson1196]

Absolutely love these videos!!

[@nicholasanderson9019]

Awesome Samuel cheers, do more vids like these! :-)

[@richardo5429]

You are amazing Samuel.

[@ImranMalik-mg5uv]

Good advice...thanks

[@kc4ril]

Great video but did you ever consider explaining what an HMO is or what we should do with it once we've found a good one? I was hoping you'd include that information as I'm not from England and I'm not familiar with the term, plus I'd like to know what kind of deal you'll structure after finding the HMO, what ever that is.

[@GivMeUrGamerTag]

Quick Google wouldn't go amiss...HMO is a house of multiple occupancy...where you let out individual rooms in a shared home with the other tenants...you'd have a communal kitchen, bathroom (in some cases some rooms might have en suites so you could let that particular room out for more than the other rooms that don't have an en suite), and living room.

[@tonyhumphreys809]

You mentioned £25k per room, I take it that is area dependant? How do you work out rough guide price per room?

[@fromthefuture7172]

I guess it's based on the average rent which would then dictate the expected ROI if the costs are comparable. 25k per room / £4,800 (£400 rent) is 20% net before taking out expenses, tax & monthly payments.

[@mohammedabdullah5739]

@@fromthefuture7172 can you explain more please or contact me?

[@fromthefuture7172]

@@mohammedabdullah5739 you're better off talking to a professional. 25k per room is a great deal regardless of where it's based so I wouldn't be of any help there I'm afraid.

[@jimboyuk1]

That's a really useful video there young man.

[@carolineclarkepassivhausde340]

Hi great info. Do you always set the price per room as £25k or is this area specific? Thanks

[@gonzalo4526]

Great video!, but you only get 3 bedroom homes. Why don't you search for four bedrm homes instead?

[@joecryptotv8705]

What are the key factors that will tell you that a particular property has probably sir Leeds

[@lamawinner]

Thanks for the video! Any hints for doing that but leasing as opposed to buying?

[@Twls3r]

The blunder made at the beginning with you ticking the ‘sold under offer etc’ box while saying you dont want to see them and then not knowing why you were seeing sold properties and not knowing how to not see them shows you don’t do this at all lol

[@Johnpynadath]

Your videos are great👌

[@alannelson1656]

are you u a malayali

[@Johnpynadath]

yes, what about you?

[@alannelson1656]

yea i am a malayali

[@Johnpynadath]

are u interested in property development aswell?

[@alannelson1656]

yea bro, i am only 15 so i cant do much right now

[@NELLYEMMS]

Cheers for the videos. Absolutely spot on. When you turn a reception room into a bedroom to get the 4 you need, do you include an ensuite? Or are your tenants ok to share one bathroom?

[@smithtrades2301]

Ensuite is a must

[@Uhuss-qq6cq]

How do you raise finance for your first investment??

[@silverltc2729]

Mr.bhp I saved and sold all non essential items ie my motorbike :(

[@vanshookme6531]

Sam, House prices in Stone and Swanscombe (in Kent) have risen by by 81% and 106% since 2010 according to property experts Rightmove (survey done in October of 2020). I would assume from that there would be demand for HMOs in the area. Having searched for people looking for a room (on spare room) = Stone had 45 results, and Swanscombe also had 45 results and a town nearby Northfleet had just 19 people looking. So really all areas are low even though if you go by the house prices and how they have increased so rapidly you would assume demand for HMOs would go hand in hand but that doesn't seem to be the case? Why?? And what is the minimum number of people looking for rooms in any one area that you should go by? 10? 20? 30? 40? I would assume from your video 572 tenants (Birmingham is high) and that 69 tenants (walsall) is ok?

[@SuzanneBrooksArt]

to be fair I wouldnt expect lots of people to be using this site, because id never heard of it before

[@alirabali6012]

Brilliant videos sam!

[@Tom-eg5tg]

amazing hints, samuel your the best

[@adblackwood8452]

Why you didn't like the auction houses?

[@xBlackW0LF]

Hi sam is it okay to to buy 3 bedroom houses as I see you in this video looking at 3 bedrooms

[@gang-gang8325]

How do I work out if the room Is big enough

[@declansimkiss8812]

tom wade sliding into your dm's great video thanks again :D

[@TheeEmberzz]

Why not turn the reception rooms into more bed rooms? surely just more profit at the end of the day

[@jimboyuk1]

Because you want to provide pleasant homes. A house with reception room is more likely to attract tenants. Not sure if there is a HMO requirement for communial area but it's the decent thing to do... you don't want to be going back to.victorian era.

[@PedroBillones]

What is the website similar here for the philippines?

[@TUtuTUish]

how much money do you reckon you need to get started safely in HMO investment ?

[@MrJordanwain]

Samuel out of interest why do you not like auction properties?

[@jimboyuk1]

Auction properties are really hit or miss. What you find advertised on the listing price is nothing like the reserve or final hammer price. On websites they price low to garnish interest.

[@FC-kl2pm]

Does this apply for rent to rent hmos too?

[@Sherry78]

How do we know if the area has 'article 4'?

[@stevenbury3980]

S Pateman would be great to hear an answer to this. Perhaps Wolverhampton has an article four direction in place...www.wolverhampton.gov.uk/article/9573/Small-Houses-in-Multiple-Occupation-Article-4-Direction

[@stevenbury3980]

S Pateman this video helps re. Article 4kzbin.info/www/bejne/oZq0iHmel6mXo7c

[@ninokitten8221]

omg im totally in love with your accent

[@jeremyratcliff1875]

Why do you dismiss any auction properties ?

[@Alexlevy47]

Great video Sam! Interesting that you mention Article 4, but still choose Wolverhampton. It is an Article 4 controlled area as far as I'm aware: www.wolverhampton.gov.uk/article/9573/Small-Houses-in-Multiple-Occupation-Article-4-Direction

[@destinydemonalpha5653]

What site would one go to outside the UK?

[@jayrichards5915]

Hi Samuel, I notice your further up north so therefore the properties are a lot cheaper. What would you recommend for someone starting out further south? Like outside the m25? Or would it be better to go to a cheaper area regardless of how far away you are?

[@GivMeUrGamerTag]

Rents would be charged higher though in your area as opposed to up North, but it's always worth traveling to purchase properties in cheaper areas and have a good agent manage the properties so you don't need to be travelling back and forth for every little thing. Just do the calculations... purchase price, rental income from the property, take away agent fees and what you're left with is the profit (taking into account the occasional repairs, the yearly gas certificates etc)

[@ryandraper9098]

I am currently looking at a property that has a bedroom that is 9ftx8ft, which is within the 70 sq ft limit, however, it doesn't factor in a built in storage cupboard. Does this affect anything? Because if you factor in the storage cupboard, I'm pretty certain it would be below limit? Any response would be appreciated

[@markcartwright8757]

The storage cupboard would not count towards the size of the room. HMO inspector confirmed this for me here in Bristol at least

[@realitiskateRO]

How do you find rent to rent?

[@sangmokha7240]

Awsome

[@jamesmoore5917]

Why doesn't auction interest you, lots of bargains to be had!

[@peelyo94]

how much % of money would you put down on these houses though?

[@maxbarthram3707]

peelyo94 25% usually

[@coolmaan507]

Is 70sq ft a rule or?

[@joshoakes5622]

Azad Alam If it isn’t a rule you’d most likely attract dodgy tenants

[@stevenbury3980]

What about the article four direction in place in Wolverhampton...? www.wolverhampton.gov.uk/article/9573/Small-Houses-in-Multiple-Occupation-Article-4-Direction I've come across these in Leeds, Lincoln and now Wolverhampton. Surely, this means that in these cities, it's not possible to buy a house then rent four rooms to non related people? Planning permission for the change of host type according to my above link is £462. Can it be done on a property prior to sale?

[@stevenbury3980]

Okay.no found your other video here.. Was very useful.kzbin.info/www/bejne/oZq0iHmel6mXo7c

[@jaywilliams8754]

Do you still look to put In an offer of 25% BMV for all properties even the good ones like Caledonia road?

[@smithtrades2301]

no, you don't offer 25% BMV.. you might offer perhaps 5-10% below their asking price but in total that could be 20% + BMW. Often properties like the ones in this video are already slightly BMW

[@michaelyang9178]

what is the significance of 70sq ft per room

[@MBicknell]

That is the legal minimum room size requirement for hmo rooms I believe

[@Rupadizzle]

check out www.hmohub.co.uk for more hmo content

[@adminomhfoz1908]

hmm

[@Brown6988]

What is a HMO?

[@Bathingwookie]

houses in multiple occupation.

[@tomtom-ec6tb]

Homophobic MOther

[@CooCuMbEr]

@@Bathingwookie No .... House of multiple Occupants

[@leemurphyx]

House (Of) Multiple Occupants You leave out the ‘of’ to avoid causing offence 😂

[@monkeyseemonkeydo432]

Houses with Mold and Odour

[@wachoindeed6848]

Who else tried to zoom in on the video 😂

[@CooCuMbEr]

i tried scrolling to the top