HMO Property Investing Success from Lease Option Agreements

HMO Property Investing Success from Lease Option Agreements | Simon Zutshi

Рет қаралды 1,608

Жыл бұрын

Join Simon Zutshi for some in-depth online property training about the FASTEST WAY to replace your income: property.isrefer.com/go/FW2RI...
In this Property Education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), a successful property investor since 1995, shares a discussion with Mastermind graduate, Michelle Cairns, on how she achieved HMO Property Investment success using Lease Options.
Michelle demonstrates how you can generate Property Success, with no large deposit, on a 10 Bed House of Multiple Occupancy. Both Michelle and Simon highlight that there are many other Creative ways to build your Property Portfolio, other than Rent to Rent in the UK.
Whilst there is a lot of Student Accommodation in major cities, Michelle experienced how this particular Property was dated and not up to professional standards of today. After talking through What is a Lease Option? She gives her Lease Option Deal Breakdown of the Property being valued at £350,000 on a 5 year Agreement.
Find out more about how to do Lease Option Agreements Right in the UK with your own HMO Property by watching the interview.
Click here to register for FREE training to learn all about this No Mortgage, No Deposit Strategy: property.isrefer.com/go/plo10...

Пікірлер: 8

@masterpiece3155 Жыл бұрын

Thank you Simon and Michelle!

@steveharman8907 Жыл бұрын

Fabulous one thank you

@ipryntyt7717 Жыл бұрын

Great content thanks! What protection do both parties have? If the owner has a mortgage on the property and defaults, is there a risk that the property will be repossessed, how can the leasee protect themselves? Similarly, if the leasee breaches the contract and stops paying the lease, what is the process for the owner to recover the property?

@johnporcella2375 11 ай бұрын

Great questions! I do not know, but could the lessee pay the mortgage? For instance, instead of paying the lease rental to the owner, what about paying it to the mortgage holder? As Michelle said in the video, in this case, there was no mortgage. How about dealing with such a scenario in the heads of agreement, that in such a scenario, the owner will sell the property for well below the original desired amount?

@johnporcella2375 11 ай бұрын

As for the lessee backing out, that should be covered by a break clause or whatever they agree in advance.

@michellecairns01 3 ай бұрын

There was no mortgage on this property. Aside from this all the details are tied up with solicitors.