Here’s A Recent Example Of A Profitable Rent To Rent Deal:
This property came to one of my Mentorship Students.
The Landlord was in a rush to rent the property, he didn’t want the hassle of managing the property himself, and was extremely keen to take advantage of the guaranteed rent and fully managed service offered by my student.
Due to the popular location of the house my student knew they had a fantastic opportunity.
THE DEAL:
9 Bed HMO licensed property
Popular Location
Market conditions were perfect
The property rented within 4 hours of viewings taking place.
No rent was paid by my student to the Landlord; however my student negotiated access to the property two weeks before the agreed first rent payment. As a result all monies were in place and this deal was a no money down rent to rent.
DEAL ANALYSIS:
|
Income |
£3650 |
|
Rent (Landlord) |
£2100 |
|
Expenses (Bills) |
£400 |
|
Profit |
£1150 per month |
Profit : £13,800 per annum!
This is a typical example of the potential of a rent to rent strategy.
Del Brown
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