High-yield property development and HMO portfolio
This business specialises in property development and property investment, including refurbishment, renovations and conversions.
Vision: To further grow this existing portfolio of 17 units via HMO conversions and below-market value purchases - via auctions, property finders and other contacts. This will lead on to new-builds. Thus providing a good balance between strong yields (HMOs) and capital growth (new builds and conversions)
The large positive cashflow via HMOs provides a good opportunity in growing this secure business.
Seeking funding of £50,000 initially - for a property conversion project. Further funding of £150,000 or more would accelerate growth plans.
Currently purchasing and adding £500,000 up to £1 million of property a year to existing portfolio, mainly built up over the last two years.
Incoming investors will get first charge on any property purchased and a second charge on any conversion costs
All day-to-day management is handled by the founder and his brother, along with a trusted team of workers, builders, letting agents, etc. Due to their experience and track record, more lucrative property deals are referred by a close network of contacts. So far, the founder has built a property portfolio to a value of £3.5 million.
Ideal type of investor will be comfortable with property, and available to invest for 4 to 6 months.
Business Profile: P1039
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