- Paperback: 170 pages
- Publisher: Fox Print Partners (21 Oct. 2013)
- Language: English
- ISBN-10: 0957651600
- ISBN-13: 978-0957651609
- Product Dimensions: 14.8 x 0.9 x 21 cm
- Average Customer Review: 4.5 out of 5 stars See all reviews (59 customer reviews)
- Amazon Bestsellers Rank: 9,902 in Books (See Top 100 in Books)
HMO Property Success the Proven Strategy for Financial Freedom Through Multi-Let Property Investing Paperback – 21 Oct 2013
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I've been a property investor for a number of years now and having decided to move into the HMO business I decided to buy this book. I must say, I was not disappointed. Not only is this book sensible and practical, it is packed with useful advice and tips that will elevate anyone (who takes the initiative to follow the strategy) to a position whereby they can thrive in a life of financial freedom. The author (Nick Fox) is obviously a down-to-earth and successful investor. This no-nonsense approach will guide anyone who is interested in the HMO market into a successful investment; unlike many other publications that purport to be able to help people get rich quick with no money down this insightful guide is realistic and proven. This book is the tool that will save you money by steering you away from making the mistakes of a novice; a small investment that can you 1000s on an uninformed decision. There aren't many books that I buy read and review in a day. That tells you something!! -- --www.amazon.co.uk
As an experienced property investor myself, I have been looking at investing in HMOs for the past 12 months and Nicks book has been a great education for me to understand the HMO business model. I do like Nicks straight forward, no nonsense approach, it makes for an easy read and very clear to understand what you're investing in and how to generate the positive cash flow from a HMO property. I would recommend this book to anyone investing in HMOs, even if you're experienced HMO landlord, you'll still get some benefit and learning from Nick, and at under a tenner it's an absolute bargain.. Happy reading and happy investing.. --www.amazon.co.uk
This book is a practical, no nonsense guide to the art of hmo property investing. It provides a clear structure on how anyone can source suitable properties, refurbish if required, find good tenants and ultimately run a successful hmo property business. It is rare in a property book of this kind to find so much solid advice and what must have been hard-earned knowledge - in comparison most other books on the subject provide next to no real information on how to get started. For this reason alone, this book is great value and is an easy 5 star book review. Everyone thinking of getting into hmo property investing should buy this book! --www.amazon.co.uk --This text refers to the Audio CD edition.
About the Author
Nick Fox owns one of the largest personal property portfolios in the UK and has just about seen it all. He has bought both at the peak of the market and in the depths of a recession, and that means that when it comes to any type of property investment, Nick has already encountered and overcome almost every problem you can imagine - and many that you probably can't ! With over 500 units in his portfolio Nick has achieves industry-leading occupancy rates and it's all because he knows his market and has effective systems in place to run and control his property businesses. Nick will put you on the fast track to financial freedom, enthusing, "When people come to me for advice, what they overwhelmingly want is 'financial freedom': being able to earn enough money passively from their assets to cover their living expenses. The good news is that with HMO properties - my investment of choice - it may only take a few carefully chosen purchases to make enough profit to replace the income from your day job. " In order to get the best returns from your HMO (House in Multiple Occupation) properties and protect yourself against potentially expensive risks and complications, the best course of action is to educate yourself.....and that's where Nick's vast experience really shines through. --This text refers to the Audio CD edition.
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Top Customer Reviews
The reason I do not give this book a 5, is because I fundamentally disagree with a couple of points that the author has made about managing the property. Firstly, he almost practically dismisses reference checks altogether where you're only renting a room to a tenant as opposed to a whole property. This does seem to explain to me why he seems to go through more tenants than I do. For £25-£30 you can hire a company to do a credit check, obtain an employer reference and a previous landlord reference. They will then, based on that information tell you how suitable the tenant is (though you can figure that out for yourself). The whole process usually takes no more than a couple of days. Combined with the viewings I do personally, as a result, in 8 years, I have NOT had one tenant default on rent in a HMO (that's not to say it won't ever happen, but it does speak volumes). The time and little money you spend vetting a tenant will pay off in dividends after. Don't skimp on this process.
Secondly, there is no mention of how to fund major repair work and maintenance. As an example, in the space of 3 years I had to replace two boilers (at a cost of £2500-3000 each).Read more ›
It gets 2 stars simply for managing to pull information together in one place, but unfortunately, as others have said, it leaves key detail out in what I believe is designed to take you to a consulting practise. I have no truck with self-advertising, but not at the cost of information when the reader has paid for it.
I do like Nicks straight forward, no nonsense approach, it makes for an easy read and very clear to understand what you're investing in and how to generate the positive cash flow from a HMO property.
I would recommend this book to anyone investing in HMOs, even if you're experienced HMO landlord, you'll still get some benefit and learning from Nick, and at under a tenner it's an absolute bargain..
Happy reading and happy investing..
The author states you need atleast 50k per property, I would bear that in mind for future readers.
The author is clearly very knowledgeable. But the book read like a textbook at times. In my opinion the book would have been an easier read if he included more of his story and how he 1st started out in property.
I feel if he included more real life examples it would have given me more of an insight.
But for the price it is still great value and i would still recommend it.
A must read for all looking to invest in property, whether just starting out or a senior pro! Happy reading!
On a personal level I'm also not a big fan of the matey-matey writing style as it seems unprofessional, but I know that works for others.
Most Recent Customer Reviews
A good read for any person into a property type business and not just confined to HMO's.Published 9 months ago by Bryn.
Whilst the book does contain information about HMO's, I found them to be of very primary level.Published 15 months ago by Amazon Customer
HMO is a delicate subject as it requires close attention to the tenants and there is a high probability of problems. Read morePublished 15 months ago by Daniels
As a newby to the property world, I could not have asked for a more detailed step by step guide to HMO investing. Read morePublished 16 months ago by Tanya
As a single let investor and looking to embark on doing my first HMO I needed to find some one that has been there and done it, it covered everything i needed to know to create my... Read morePublished 16 months ago by Gurdeep