How to create high end HMOs | VLOG

Let me walk you through two high quality HMOs in Birmingham in today’s vlog. We’ll spend some time discussing what you must focus on when closing such deals. Then we’ll head back to the office to talk about an interesting opportunity which has just arisen this week.
Leave your thoughts and questions in comments, which I will answer below.
#HMO #propertyinvesting #propertyadvice #propertymarket
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Thank you for watching my name is Saj Hussain AKA The Property Joint Venture Expert and Your Partner for Wealth Creation Through Property.

[@innocentithindi9363]

I'm going to have to be very patient with myself. I started applying all I've watched from you so far...not easy. Ingenuity has become my bestfriend, its how I was able to obtain the right contracts at no cost. Estate agents are harsh, some people don't honour their word, but all in all, thank you for providing this information for free. I am shocked at times by the information you give for free. I'm always in the shadows, but I fel it appropriate to comment for once and probably the last time haha.

[@TheSajHussain]

Just found this comment. Hope all is well and you manage to work it out through the struggle

[@ritasemedo2182]

From all the videos I have been watching about HMO's this was the one really very helpfull. Thank you

[@TheSajHussain]

Thank you Rita. I really appreciate the feedback.

[@AndyLowe-net]

Thanks for the video, some good tips in here. Not sure I would call it a premium rental however, if your kitchen is so small that everyone is forced to keep their food in their rooms. you could have made the extension a massive combined kitchen living space instead of squeezing an extra bedroom in that is next to the kitchen. So it was a business decision to make a 6th bedroom but the trade-off is a small kitchen and food storage in the rooms

[@Katelynfacts8771]

Great videos

[@andye4829]

Great video Saj. It was great to show you around our project. Nice to see your project and it’s progress aswell. I’m looking forward to the end results. Thanks for sharing the story of this deal and tips aswell.

[@TheSajHussain]

You are most welcome Andy. You have done a fantastic job with your HMO. Looking forward to the release of the full video soon.

[@cameronohz]

Cant wait to see the rest

[@TheSajHussain]

Which bit is it that you can't see?

[@aftabahmed5104]

I'm.learning from you Saj very valuable information thanks

[@TheSajHussain]

Glad to hear that, thank you Aftab.

[@ashishdeshmukh6738]

Sir, can you please make a video series on building (funding as an investor) apartment. Also difference between building and buying ready to move in property. Who can do this? What to consider when building the whole apartment block. What r d risks? Can you please make a whole series on that? 😊🙏

[@geraldinegarcka5598]

Best video ever!

[@TheSajHussain]

Thank you Geraldine.

[@jakubgrzelak3992]

Hi Saj, going into a lot of details as always. I really like the content and I am looking forward to see more! Thank you

[@TheSajHussain]

Thank you Jakub. I really appreciate it.

[@PropertyNewbiePodcast]

Fantastic Vid Saj 👌🏼 Love the real life property examples your working on. Phenomenal value.

[@TheSajHussain]

Thank you my brother. Looking forward to our interview. Watch this space...

[@td2636]

Great content thanks for sharing I really like the high end finish and attention to detail put into this property ...🙏🏼👍🏻

[@TheSajHussain]

Thanks for watching!

[@js7rcng]

Very useful, look forward to the interview

[@TheSajHussain]

Thank you Jamie.

[@chloesarson6071]

I think this is a great video and I party agree with your philosophy that if you treat your tenants nicely, they will reflect that back. As a student and young professionals the only thing I would say is that where is the clothes storage space within the first bedroom? I think the workspace is also really high for a normal desk space. But overall this hits so many points. The amount of plug socket is amazing.

[@TheSajHussain]

Thank you for the feedback Chloe.

[@Anthony-qx1ec]

Hi Saj great professional video and fantastic work as well.

[@TheSajHussain]

Thank you Tomasz. I really appreciate it. I hope you and the family are all well.

[@muzahidashuk1907]

Hi Saj, this is amazing stuff! Great knowledge. Keep it up! 🙂

[@TheSajHussain]

Thank you Muzahid. If you are enjoying these videos, then please do share them with your friends.

[@SuperMastaba]

Tank you Saj! Always excellent nuggets I get from your videos. Great stuff 🙏🏽👍🏽

[@TheSajHussain]

Thank you Guy.

[@ramzan.ramzan]

Enjoyable vlog and I think the level of detail you go in to is great.

[@TheSajHussain]

Much appreciated Mohammed.

[@terrylehane1338]

Great video with valuable learnings. Thank you very much for sharing this knowledge 👍🏼

[@TheSajHussain]

Glad to have your support Terry!

[@rosehogarth5455]

Really great video. Such helpful replies to the questions asked as well. Just starting my property investment journey and trying ti education myself and your videos are really helpful! I have subscribed. Please keep sharing valuable content! Thank you

[@TheSajHussain]

Thank you Rose. Looking forward to delivering more quality content for you.

[@sandramcintosh6630]

Love your detailed and easy to follow advice. Ive learnt loads

[@TheSajHussain]

Thank you, I appreciate that.

[@krisjenkins4167]

Great video, You mention the surveyor basing the end value on the rent, can you expand on this please? I recently bought a freehold block of flats, Its an old chapel which was converted. I am refurbing the whole building, And am unsure what my end value will be. There is no other building local to compare it to, Purchase price 255k, 40k refurb. Total rent received will go from 1800 to 2300.

[@TheSajHussain]

Hi Kris, this video will help you with your problem. kzbin.info/www/bejne/l6eUfaisq517pc0

[@nmanzoora3347]

brilliant ! great work !

[@TheSajHussain]

Thank you.

[@shoaibabbas13]

Saj Make a video on permitted development rights

[@TheSajHussain]

There is a lot of change happening in Planning and PD rights over the next few months. I'll be doing a more detailed video about this soon. Make sure you have subscribed and have notifications enabled to be notified of future videos. Thanks.

[@Tom_Bolan]

Thanks for the great videos Saj. Are you able to make a video discussing mortgages in a bit more detail and particularly what you mean by interest only repayments and the benefits of that. Thanks

[@TheSajHussain]

Tom I'll be doing a video with a mortgage broker soon that will go through all of these things in detail. If you want specific questions answered just put them here.

[@Tom_Bolan]

Thank you.

[@Tom_Bolan]

Another question I would have for them is about trying to pull my money out of a deal. What qualifies a person to do that? Are they looking at my income and ability to pay it back or is it solely based on the value of the house? And how do we go about getting as much money out as possible? I have seen lenders offering up to 80% back of the value, how do i make sure i can get that 80% rather than them just giving me 60%? Thanks Saj.

[@kennietemiomodayo25]

Been watching your vids for a while but hesitant to subscribe, now finally subscribed as I see you give out a lot of quality and honest content. Good job. Do you use the same plan for most of your HMO properties? And does one need a HMO architect to pan out a plan or could I just use a professional builder? BTW, just starting out in this business.

[@TheSajHussain]

Firstly thank you for the subscribe I really appreciate it, this is what gives me the inspiration to keep sharing. We have a general plan for each HMO. However, as each house is physically different in layout the detailed plans vary. We do much of the design work in house and use floor planning software floorplanner.com/ We still use architects to do the Building Regulation drawings. I hope this answers your questions.

[@KenanBuckley]

very useful again, thanks

[@TheSajHussain]

You are welcome!

[@Pkudhail]

Hi Saj, that is a lovely place you have built. quick questions i would be interested to know. how do you waste out from each room for your built-in bathrooms when I mean waste out, I am referring more to the soil pipe as of course its very big to go through a joist to the outside

[@TheSajHussain]

It will vary in each house. In this case it's through the ally way. We try to keep the ensuites (where possible) to the same side of the house and on top of each other.

[@Larko75]

Great video!! How much did the DUV of the house end up being when refinanced?

[@Ensignsecurity]

Love your videos Saj - thanks for sharing your knowledge. My question is you said the mortgage valuer will value the house on its rental income. Which lender are you using and are they valuing the mortgage on bricks and mortar or rental income? I was told commercial mortgages on rental income only interested in HMOs bigger than 6 beds.

[@mannankhan3677]

Hi Saj, good video and very glad there are people like you sharing content this, just a quick question- how do you deal with damages to a property when you multiple people living in one house ? Let’s say they break the kitchen doors on two or more cabinets? How is this managed and recovered?

[@TheSajHussain]

Hi Mannan, it's really about finding the best tenants. You might find this video useful. kzbin.info/www/bejne/nmrYpnWKiL-Si7M

[@imrankhan2031]

Hi Saj, great video. You mentioned the Valuers base it on the income generated. Could you please let us know what the formula they use ?

[@TheSajHussain]

Unfortunately there is no set formula. It will vary from lender to lender. A very crude guide is 10x net annual income.

[@limekey533]

Hi Saj, Is the floor area for your built in wardrobes included in your room Square meterage like a normal wardrobe?

[@TheSajHussain]

Fitted wardrobes are excluded when measuring the available room size.

[@aqdashussain4475]

Hey Saj. just wanted to ask when you were taliing about how much the property generates and said it was £1000 on the 22:00 minute of the video, did you mean each room with an unsweet generates £1000 or overall including all the rooms.

[@TheSajHussain]

Overall net profit per month from the house.

[@Naeem-je7km]

Saj you mentioned £1000 interest only mortgage? Did I hear that correctly and why interest only

[@TheSajHussain]

Yes, correct. Maximises monthly cashflow.

[@kidsgames5870]

Very nice and clean work you are doing. I am new to this hmo industry. Thank you for sharing your idea. NIRMALAN

[@TheSajHussain]

Thanks and welcome

[@0479696]

How much the end valuation are you thinking? It should be way more than £270k

[@TheSajHussain]

It should be about £360K. A 75% LTV mortgage will release £270K which should cover the cash we invested in this project. So no money left in.

[@UFPANZER2]

Really great content Saj, Question, Do you buy or have you bought in areas with article 4? and if yes, How do you manage to get the planning permission from c3 to c4, as I hear its extremely difficult? I live in Nottingham and its all article 4 here. Thanks James

[@TheSajHussain]

I've not previously purchase in Article 4 areas. Birmingham has only recently become an Article 4 City wide from 8th June 2020. So watch this space as my strategy evolves.

[@mikeadamson6696]

What should the yearly maintenance cost one should allow for HMOs or do you pay when breakdowns occur

[@TheSajHussain]

A fully renovated house like this will have very little maintenance for the first few years. We would still budget around £100 pcm.

[@sandeepjuneja5716]

Great content, thank you so much. I don’t have the time at this juncture to do up and then manage properties, flips appear more attractive for the time being, Is it possible to make money off refurbishment and flipping a flat?

[@TheSajHussain]

Hi Sandeep, of course there is a profit to be made in flipping but you must remember to do your due diligence beforehand and ensure the numbers stack and it is a viable deal for you.

[@pauldaniela6317]

Great projects Saj! What is the average size of your bedrooms, 10.2sm or closer to 6.52sm? Also, is there a requirement to offer a living room space in addition to the kitchen? Thanks!

[@TheSajHussain]

We aim to achieve 12-18sm, all depends on the type of property.

[@Pkudhail]

Also i am keen in moving into HMO, do you look to complete and sell on projects?

[@TheSajHussain]

Not selling any HMO's at the moment. You can send me your details and budget to see if we can help you. Please use this form www.sajhussain.com/contact-us/

[@joshuasamson4145]

Hi Saj, your videos are exciting and educating. There are amazing opportunities for HMOs in Chester for both students and professionals. is there an email I can contact you on to talk further?

[@TheSajHussain]

I personally only invest in and around Birmingham. You can message me on Facebook or Instagram @TheSajHussain