How to make £5,150 cashflow per month from 1 building with Steven Clark
In this episode Nick chats to Steven about the process and numbers of his latest and greatest project to date. He shares details on the acquisition of the building, the refurb and the fact that this one building will generate over £61,000 a year in profit!
- HMO availability and demand in Scotland
- How the property was sourced & due diligence
- How the project was funded and cost planning
- Figuring out the exit strategy
- The use of bridging lending
- Recruitment company issues
- Rubbish and materials logistics
- Renovation and layout changes
- Dealing with tradesmen problems
- HMO systems and compliance
- The numbers and profit cashflow expectations
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