You can build a profitable HMO portfolio with Sourced Partner
Despite being aware that property creates more millionaires than any other industry in the world, many people don’t have the right knowledge, experience or time to enter this exciting industry.
Sourced boasts over seven decades of combined property experience and believes anyone with the right skill set and attitude can be successful in this industry.
That’s why it’s created Sourced Partner, which enables property enthusiasts to earn a hands-off income from property by utilising the most effective HMO strategies.
No experience required
When you join the franchise, you’ll get access to Sourced’s comprehensive training programme, which covers everything you need to know about finding, setting up and running a successful HMO property.
The company can also fund up to 100 per cent of your HMO conversions and refurbs, thanks to its in-house lending facility.
To maximise your chances of success, Sourced has developed a unique support structure, where its in-house HMO experts will guide you step-by-step as you source and set up your portfolio. Other resources available to partners are a bespoke customer relationship management system, exclusive HMO leads and development resources, to name a few.
A number of Sourced franchisees have joined the business with no experience in property, yet they managed to successfully build portfolios that generate incomes of over £100,000 per year.
Even if you only purchase one property a year, it will still result in a substantial annual passive income, which applied over the franchise term equates to a six-figure income.
How it works
You can learn all you need to know about HMO by attending an exclusive Sourced training event. Following that, the company will develop a bespoke plan, based on your financial goals. You can then set up your portfolio with the help of Sourced experts and start making money from property.
With the franchise, you will get access to a range of resources, including:
- 18 training days per year.
- Dedicated national mentor.
- Step-by-step support programme.
- 100 per cent funding facility.
- Exclusive HMO opportunities.
Excellent conversion opportunity
Here’s an example of a HMO project undertaken by a Sourced franchisee:
- HMO type: high-end, seven-bed.
- Location of deal: Stoke-on-Trent.
- Type of deal: commercial to residential conversion.
Michael discovered an excellent HMO conversion opportunity, which was hidden among commercial property listings. An office building in Fenton, Stoke, it had a planning permission to convert it into a seven-bed HMO.
Located close to a business park popular with seasonal workers, the high-end HMO will provide a competitive offering on the market of short-term accommodation in the area.
Upon successful completion, the franchisee will refinance the property to release equity, based on a new valuation, and keep the HMO in his portfolio. The gross yield for the HMO is estimated to reach 8 per cent, generating a net yield of 6.5 per cent-7 per cent.
At a glance Sourced Franchise: Partner
Number of franchised outlets:
Location of units:
£17,500 (plus VAT)
Minimum required capital: