076 | “I didn’t want to have all my eggs in one basket if the market ever changed” - Interview with Josh Guest, #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 host Steve Mitchell chats with Josh Guest from Guest Homes to talk about his latest HMO project which he secured via a Lease Option direct from a landlord. To find out how Josh did this make sure you check out this episode of The HMO Experience Property Podcast and don’t miss out on his golden nuggets at the end of the episode! EPISODE HIGHLIGHTS Introduction [00:00 - 03:35] Diversification [03:35 - 08:22] Finding The Opportunity [08:22 - 13:30] Structuring The Lease Option [13:30 - 18:45] Bringing In The A-Team [18:45 - 29:30] HMO v Serviced Accommodation Set Up [29:30 - 35:57] The Golden Nuggets [35:57 - 43:03] KEY TAKEAWAYS To find opportunities you have to put yourself out there with your marketing and networking. Deals very rarely come looking for you Lease options could be a great way in a rising market to consider purchase lease options Ensure you have a bespoke contract created for you as opposed to “borrowing” one from someone else Knowing what exactly you want to do with the property before you secure it will speed the process along Get educated so you know what you’re doing and network as much as you can. 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 :) ABOUT OUR GUEST Josh Guest – Guest Homes Contact: 01905 347469 www.guesthomes.co.uk CONNECT WITH THE HMO EXPERIENCE Subscribe on YouTube - https://www.youtube.com/channel/UCnFoaXd-do8eTxZniWrcKhA/featured Follow Us on Facebook - https://www.facebook.com/thehmoexperiencepropertypodcast Join our Facebook Community - https://www.facebook.com/groups/ThePropertyandHMOForum/ CONNECT WITH THE HOSTS Steve Mitchell - https://www.facebook.com/vivocolettings