More than any other type of property investment, the success of an HMO hinges on buying and setting it up right in the first place. We've talked recently about managing an HMO once it's up and running, but this week it's all about acquisition. We discuss:

Where to buy, depending on your target market
Two ways to find out where the "HMO areas" are
Why you absolutely don't want to compromise on location
The importance of understanding Article 4
The challenges involved in financing an HMO
How lenders value HMOs (check out this episode of the Property Geek podcast for more on this)
What you need to know about licensing
The returns you can expect to earn
The key components to setting yourself up for a high ROI

See omnystudio.com/listener for privacy information.

Brainwave 235 - Lectionary Texts for May 20, 2012