Landlords Training Day – July 2010 Rick Walton – Houses in Multiple Occupation (HMOs) Deal or No Deal ?

Landlords Training Day – July 2010 Rick Walton – Contents Introduction - Who am I ? What are HMOs ? Investment opportunities. Doing the sums. Who do we need to talk to ? Top tips / best practices. Q & A.

Landlords Training Day – July 2010 Rick Walton – Introduction - Who am I ? Former Mechanical Engineer Full-time Property Investor Invest in Buy-to-lets, HMOs & Refurb Projects Consultant for Property Training Companies 5-year member (042666)

Landlords Training Day – July 2010 Rick Walton – What are HMOs ? Houses in Multiple Occupation Multi-lets Houseshares Planning & Licensing Regulations Fire Safety Requirements Noise & nuisance to neighbours

Landlords Training Day – July 2010 Rick Walton – Investment opportunities Universities Large Hospitals High concentration of young professionals High demand from Local Authority

Landlords Training Day – July 2010 Rick Walton – Doing the sums Research – Demand – Rental Prices – Properties Consider all costs Professional Fees Comparison to other investments

Landlords Training Day – July 2010 Rick Walton – Doing the sums 3 bedroom terrace property – Purchase Price£85,000 – Refurbishment£15,000 – Rent £80pw)£ 1,380 p.c.m. – Borrowing 325 p.c.m. – Management (12%)£ 166 p.c.m. – Other costs (18%)£ 248 p.c.m. – CASHFLOW£ 641 p.c.m.

Landlords Training Day – July 2010 Rick Walton – Who do we need to talk to ? Finance Brokers Power Team Letting / Managing Agent Council – Private Sector Housing (EHO) – Planning Department

Landlords Training Day – July 2010 Rick Walton – Top tips / best practices Don’t cut corners ! Refurb to correct standard on day 1 Get management team in place early Speak to L.A. early Keep up to date with rules & regs

Landlords Training Day – July 2010 Rick Walton – Questions & Answers Thank you for your time.