Billy has been investing in multi-lets in Liverpool since 2012 and during that period has built up a portfolio of multi-lets ranging from 3 to 17 bedrooms.
The portfolio currently has over 150 rooms across Liverpool and Manchester.
Billy favours multi-lets for the following reasons:
- Multi-lets provide significantly higher returns than single lets
- By adding value significant capital uplift can be achieved
- By utilising partners, building and management can be outsourced
- Risk of voids can be managed as there are multiple tenants.
One of the reasons Billy has been able to build his portfolio so rapidly is that he has focused on utilising momentum investing.
Examples of recent projects he worked on is shown below:
White Lion - Manchester
Conversion of the White Lion Public House in Manchester to a nine bedroom multi let unit.
Purchase Price | 125k |
Refurb Costs | 175k |
Professional Fees | 25k |
Total Development Costs | 325k |
Gross Development Value | 400k |
Funds Left In | 25k |
Annual Profit | 22k |
Annual Return On Investment | 88% |
If you are interested in investing with Billy in multi-lets please contact him today.
Toxteth - Liverpool
Conversion of a 2 bedroom terraced property to 4 bedroom multi-let.
Purchase Price | 55k |
Refurb Costs and Professional Fees | 50k |
Total Development Costs | 105k |
Gross Development Value | 115k |
Funds Left In | 19k |
Annual Profit | 8.9k |
Annual Return On Investment | 47% |
Be prepared and
think big
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Be prepared and think big