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Opening the Hidden Doors to Doubling Property Profits Extract fromJohn Kerr’s Presentation
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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?
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http://lha-direct.voa.gov.uk/search.aspx
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Profits from a 4 Bed House Hemel Hempstead - – value 230k Multi let = £600 pcm Private tenant = £700 pcm LHA Tenant = £1000 pcm
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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+
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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
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Find a property like this one….
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Milton Keynes LHA Rates
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Financing the Property
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Get Your Budgeting Right!
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Option 1 – Private Tenant
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LHA 4 Bed Family - Option 2
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Two Housing Benefit Claimant Strategy - Option 3
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Three Housing Benefit Claimant Strategy - Option 4
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7 Bedrooms!!!
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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
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John Kerr & Cassie Hicks Kerr john@yourpartnerinproperty.co.uk www.yourpartnerinproperty.co.uk Tel: 01582 380387
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