Buy to let deal of the day - can you brave an HMO?!

So, the way to get a VERY nice yield at the moment is to be brave and venture into the world of HMO's (Homes of Multiple Occupancy). Yes, they're more complex as you have to adhere to a multitude of regulations but, if you go about it in the right way and are thorough in your research, you can make a serious income.

I spotted this one this morning which is a ready made HMO with a 9.8% yield - yes, you did read that right, 9.8%!!! It's a 7 bedroom property in Feltham (don't be a snob!) on at £499,950 and the current owner is getting £4,100 pcm in rent. Think you can be brave for that amount of rent each month?!



http://www.rightmove.co.uk/property-for-sale/property-31658274.html

Rebecca Smith