074 | “HMOs just fitted with what we were trying to achieve in terms of cashflow" - Interview with Richard + Becky Stretton #RisingStars Series
RESOURCE LINK Join us The HMO Experience Property Clubroom on Clubhouse every Monday AND Tuesday at 1pm (https://www.joinclubhouse.com/ Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page) Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe) Buy Jamie’s new book, “The HMO Blueprint” on Amazon TODAY! (https://www.amazon.co.uk/dp/1838538089?ref=myi_title_dp) IN THIS EPISODE Your podcast host Jamie Madill has a chat with Richard and Becky Stretton as part of our #RisingStars Series. If you’re just starting your own HMO property investing journey, tune in and join us for this insightful episode of The HMO Experience Property Podcast! EPISODE HIGHLIGHTS Introduction [00:00 - 03:31] Moving Into Property Full Time [03:31 - 07:55] Starting With Single Lets [07:55 - 12:30] Our BIG WHY For Investing In property [12:30 - 13:50 The Case For Buying HMO [13:50 - 31:20] Working With Your Power Team [31:20 - 37:04] It’s All About The Space(man) [37:04 - 40:46] Find, Fix, Fill, Repeat [40:46 - 51:30] The Final Word [51:30 - 57:48] KEY TAKEAWAYS Having multiple income streams means you’re not reliant on income from a job or self-employment Figure out how your BIG WHY fits into your property journey Having a great team around you especially when doing it for the first time will provide you with the reassurance you’re doing the right thing Making mistakes is all part of learning. The trick is not to make the same mistake twice Meet up with our local HMO investors and find out how they have converted their properties and how well it is working for them. ABOUT OUR GUEST Richard and Becky Stretton are the husband and wife team behind Elite Investment Properties Limited. Their business philosophy is to find properties that are for sale below market value and add capital value through refurbishment in their researched geographical areas. Contact Richard and Becky: Tel: 07830 339092 Email: info@eliteinvestmentproperties.co.uk Web: https://www.eliteinvestmentproperties.co.uk/ If you enjoyed this episode of The HMO Experience Property Podcast, PLEASE don’t forget to subscribe & share this podcast! Make sure you rate & review the podcast HERE - thank you :) CONNECT WITH THE HOSTS Jamie Madill - https://www.facebook.com/jamiemadillproperty/