Opening the Hidden Doors to Doubling Property Profits Extract fromJohn Kerr’s Presentation.

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Presentation transcript:

Opening the Hidden Doors to Doubling Property Profits Extract fromJohn Kerr’s Presentation

LHA Strategies Don’t Knock LHA – Milk it! 4.8m people claim Housing Benefit; 3.8m are single and 2/3rds female; Govt spends £26bn pa; Govt buys 40% of private rental market; LLs may have no clue T is on benefits; Find good HB Ts with Deposits/Guarantors; LLs already have ALL of this action – You too?

Profits from a 4 Bed House Hemel Hempstead - – value 230k Multi let = £600 pcm Private tenant = £700 pcm LHA Tenant = £1000 pcm

Milton Keynes – 4 Beds Market rent = £825 LHA 4 bed = £959 Two HB Claimants – 1 X 3 bed = £750 – 1 X 1 Bed = £505 Total = £1,255 pcm 3 Claimants = £1,760+

High Cash Flow LHA Strategy 1.Convert into 4/5+ bed property and improve with paint and nice kitchen/bathroom if necessary - budget <5k. 2.Let to several claimants on long term Housing Benefits 3.Learn this process on first project and then repeat. 4.Monthly cashflow target = £700 pcm+ and ROI 20%+. 5.Check out Mike Frisby’s webinars etc on pin Academy 6.Work with an Expert First! 7.…. And now for a quick Preview

Find a property like this one….

Milton Keynes LHA Rates

Financing the Property

Get Your Budgeting Right!

Option 1 – Private Tenant

LHA 4 Bed Family - Option 2

Two Housing Benefit Claimant Strategy - Option 3

Three Housing Benefit Claimant Strategy - Option 4

7 Bedrooms!!!

Top Tips Find houses with extra capacity – windows/65 sq ft Rental outcomes not pre-approved Depends on claimant’s circumstances. May change! Rent may drop if one claimant leaves/starts working! Learn your JSA/ESA/DLA/ETC Rent paid 4 weeks in arrears. Finding right tenants MAY take several months. Delegate to Letting and managing agents – unlikely! Always seek: Advance rent, Deposit & Guarantor Check out Mike Frisby’s webinars Work with an Expert

John Kerr & Cassie Hicks Kerr Tel: