Description
Episode 222. HMO Investing in Ireland (part 2)
In this episode I delve into the intricacies of HMO (House in Multiple Occupation) investing in Ireland. With the definitions and differences between HMOs, pre-63 properties and bedsits. I highlight the regulatory landscape and potential risks involved.
The podcast covers strategies for maximising your ROI (return on investment) and this includes the importance of property presentation and amenities. I discuss legal and tax implications, particularly the differences between a lease and licence. Finally I explore financing options for HMO investors and future trends in the HMO market, emphasising the growing interest from larger firms.
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Takeaways
HMO investing is gaining popularity in Ireland.
Understanding the differences between HMOs, pre-63, and bedsits is crucial.
Regulatory risks are a significant concern for HMO investors.
Maximising returns involves enhancing property presentation and amenities.
Legal structures like leases and licences have different implications for landlords.
Financing options vary, with some lenders more favourable for HMOs.
Future-proofing properties against potential regulations is wise.
Building a sinking fund can help manage future expenses.
Corporate rentals can provide stable income for landlords.
The HMO market is attracting interest from larger firms.
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#investment #realestateinvesting #propertyinvestment
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