Award winning property investor gives a couple of top tips for HMO investing

Dan Newbould discusses with Howard Bowes a few key pointers on how he sources potential HMO properties, attracts the right tenants and structures his deals with commercial valuations in order to add value and refinance.

Dan Newbould invests mainly in Scarborough, however, the skill set he applies that brought him a ‘best deal’ award at the London Property Awards in 2015, can be applied nationwide.

Sourcing the right properties, suitable for conversion to HMO, then adding value and refinancing commercially is Dan’s main strategy. He most sourcing through Estate Agents, being clear about what he is looking for and keeping in regular contact with them.

In this short clip, also discusses his tenant find strategy and the research he does on his competitors. And then the matter of commercial valuations is brought up. All of his HMO’s have been refinanced with Shawbrook, being mainly 6-bed HMO’s, there is a certain approach that facilitates a commercial valuation.

To contact the team at Harvey Bowes, call 029 2175 4150 or email: admin@harveybowes.com

Contact Dan Newbould: mail@dannewbould.co.uk

 

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About harveybowes
Mortgage Broker and founding Director of Harvey Bowes Limited. A mortgage broking practice with bases in Cardiff & Poole, UK. We take a fresh and positive approach to mortgage broking which pays dividends for both our clients and frankly, ourselves. The team at Harvey Bowes are expert advisors in all aspects of mortgages from residential to commercial and buy to let.

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