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With over a decade of experience and unsurpassed   industry knowledge, Mike Frisby, full-time property developer, investor and strategist works with those that wish to create long term wealth and security through property investment.

A specialist in identifying high yielding properties that generate lucrative returns on investment, Mike Frisby provides unique opportunities with exciting financial rewards.

Following a career in the corporate world, Mike began investing in 2006 and today owns and manages a multimillion pound residential portfolio in the south of England. Most of his portfolio is based in the Great Portsmouth area although he has properties along the A3 and in Central London too.

An expert in social housing, houses in multiple occupation and serviced accommodation, today Mike combines the extensive building of his portfolio with assisting others to replicate his success. Through joint venture partnerships, networking and mentoring, Mike uses in-depth business knowledge and vast property experience to open up opportunities to aspiring investors.

To be able to offer all those that work with him a truly turnkey service, in 2009 he founded a comprehensive HMO lettings agency in Portsmouth. This has enabled him to provide a proactive service to partners who require a hands-off approach to property lettings and management.

In the first six months of 2016, Mike added over 100 rooms to his existing multi-million pound portfolio and is currently diversifying and scaling up the business in order to create long term wealth & security for his family through property investment.

To complement his investment activities, Mike also hosts the Regent’s Park Property Investors Network, is a guest speaker at a number of industry events and is a contributor for many specialist publications. He is also a knowledgeable and trusted private mentor.

Key HMO Formula:  With a current focus on properties that are subject to Article 4 restrictions or those that require a change of planning from class C3 to C4 usage plus extensive refurbishment, Mike has the unique ability to obtain added value from strategic deals.  Sourcing HMOs with existing planning status and upgrading standards to increase occupancy enables him to generate higher rental incomes enabling him to unlock the keys to multiple HMO’s through commercial finance.

What can you learn from Mike: How to build a HMO property empire through commercial finance.  Mike has an extremely good working relationship with various commercial finance lenders, where he is able to re-finance properties leaving almost no money in the deal.  Mike also has an exclusive HMO & Development product with Mint Bridging, where he is able to assess your deal & show you how you can purchase properties where all build costs are paid for by the lender.

Mike is an HMO aficionado and can help novice & very experienced landlords with any HMO requirements.

Mike does run HMO Discovery days where you are able to learn how to replicate his model & view various properties in his portfolio.  If this is of interest, do please get in touch with his pa (Sarah Wilkins) on pa@mikefrisby.co.uk or 01483 516 299.

HMO Refurbishment Tips

 * If you're looking at a planning gain. You will need 10 - 12 weeks from the point of completion before you start work, factor that into your holding costs. * Don't forget the contingency, so many people think they'll add a small percentage of around 5% but believe me this closer to 12% * Ask your builder to sign a contract, where you clearly have staged payments for jobs completed.  PLEASE vet your builder, if you have someone who is much cheaper but has no insurance, registered address etc. this can cause problems (do your homework).  Make sure your builder is aware of the required building regs as this is important.  Add penalties if jobs run over (on a good faith basis though as building is weather dependent). * If you're doing multiple properties, get a refurb blueprint.  I would stick to the same kitchens, paint, flooring, carpeting etc. as it makes...
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Filling HMO properties

The main aim is to get as many people through the door as possible, so make sure you're bumping up your adverts on your various advertising portals. Viewings & dressings Viewings - book your viewings strategically, show them all available rooms. Sometimes tenants will tell you they have one budget, but then miraculously find more money when they see a bigger/better room. That being said, if you have a smaller room in your HMO that's struggling to rent but also have a slightly bigger & nicer room to let in the same house, if you've showed them the smaller room and they seem to like it - don't show them anything else (the bigger room will always let out faster).  Make a good impression as viewers have friends who will spread the word!Rents - Always try to achieve higher rents! Don’t be unrealistic, but have a look on the market and...
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Sourcing the right property

It seems very self-explanatory but make sure you buy in an area of demand, ensure you have good local employment and good transport links. I have learnt from my mistakes, I took a punt on a few houses when I first started investing in HMO's that aren't in a typical room let area & although they do get filled it's never that quick and cash-flow is the name of the game (rooms sitting empty for months on end really hurts). Do your research, look at demand on spare room.When looking for properties source through agents, I cannot express enough the gains of having a good agent on your side. We have got to the stage now where some of the agents we work with don't even bother doing viewings with us anymore, they just give us the keys to the property (often before it goes to market) so that we...
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My journey to 100 rooms - a Landlord's tale

  This FREE webinar is a way for Mike to share best practice & also showcase his journey and go through his many trials, tribulations & WINS associated with being an HMO landlord.  Information shared will include how he has unique abilities to obtain added values from strategic deals, how upgrading standards increases occupancy & higher rental values, how to increase value with strategic planning gains & he also the delves into commercial finance.  Mike Frisby conducts his business with transparency, security, simplicity and trust and is hoping that this webinar will provide great inspiration for investors seeking premium yields and portfolio diversification.  Click here or the photo to view the video.  
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Mike Frisby's Simple Secrets to 50k a year in property

Here's a great video from Mike Frisby, our HMO expert.  Mike says, he often gets asked "What is the quickest way to get started in property and give up my day job?"  Well, now he wants to let YOU know how you can do this and share my knowledge with you! Just click here to view the 5 minute video.  http://www.mikefrisby.co.uk/video_50kliuzutfg/
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Fantastic webinar with Mike Frisby

We hosted a fantastic webinar last night with Mike Frisby.  It was a very busy webinar and we were thrilled that so many of you managed to get on. The webinar (LHA and Rent 2 Rent - made simple) was presented by Mike and he gave out so much useful information.  I was astounded by how much profit Mike and his students were making from using his strategies. It was interesting to hear that the social housing market is worth £22bn in the UK. There has been a large increase in claims over the last 12 months. Mike discussed many of his strategies, including the 2 +2 strategy and the micro studio strategy.  You can make thousands more out of your portfolio using these strategies. One point that Mike made clear is that you need to be educated in these strategies properly before you go ahead.  Its very easy to...
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HMO’s... (House of multiple occupancy ) 5 ways to make managing them, stress free.

HMO’s can provide the savvy investor greater cash flow returns than single let properties, however many investors are put off using HMOs to expand their portfolio because they view them as being a hassle and less consistently full.    The key to successful investing in HMO’s is all down to experience. It is worthwhile paying an experienced property management company the management fee, unless you are willing to put the effort in and be proactive all the way.  Young people are still finding it extremely difficult to find the deposit to purchase their own property; they are also struggling to pay the increasing rents which Landlords are demanding for self contained properties. This situation has strengthened the case for HMO’s making excellent investments. However choosing the correct property in the right area with an excellent management company is key to the success of your investment. So where does one start?  1....
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House in multiple occupation licences are necessary

  Landlords might like to check their house in multiple occupation (HMO) licences are valid after one landlord was fined and ordered to pay back £37,407 in rent. Rizwan Ahmed was letting a three-storey, nine-bedroom residence on Fulham Road - that was occupied by at least five tenants - without the required certification and received a £20,000 penalty as a result. It was also found that he had breached five rules of the HMO by failing to maintain fire doors, wall and ceiling plaster and fire alarm systems. A spokesman for Hammersmith and Fulham Council noted that Mr Ahmeds tenants had been living in poor conditions. "This should be a warning to all landlords that the council takes HMO licensing and management regulations seriously," he remarked. Those interested in finding out more about the HMO can do so at the Office of Public Sector website, as well as the Department for...
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Is my HMO Profitable?

    Just how you assess the profitability of a property is not straightforward, there are various methods of assessing profitability, I will look at each in turn. 1. The traditional way. This is the approach taken by investment books and the figures are also published in newspapers and magazines.  They take the average gross rental yield and compare it to the yield that would be received say by putting the money in the bank. Figures like 6% gross rental yield from property are stated and this is compared to other returns like bank interest and the stock market. Sometimes they also add the average capital appreciation so for example say if last year the average increase in house prices was 12% the overall return from property would be 18% (6% gross rental yield plus 12% capital appreciation).  For a property buyer these figures may give a guide to overall long...
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