Happy Friday · The Deal Packaging Network

Happy Friday

Hello all. I just thought I would share the potential plan of action. Please, if you have any criticism I am all ears as I would rather iron out the faults now, before I make any mistakes.

I am considering focus on BRR and Flips as i am confident in my knowledge with these 2 strategies and have chosen the herts/beds/bucks area as i reside in Hertfordshire and know the areas well.

However i am not sure if flips and BRR are best strategies for the area.

The prices of properties here are fairly high, Hertfordshire is ranked 29th in the UK for house prices. Now although they are fairly high, Hertfordshire is a great place for commuters into London (which is why prices are high). It takes me 25 mins on the train and i am at kings cross (going from Stevenage) so its a really good place for HMO with professional tenants and for family's moving out of the chaos of London and into a more rural and suburban location as well as it being ideal for investors from London as it wont be fair to travel to the investment area.

I need to understand more of the local licensing for HMO and the regs but i think there is definitely a need.

Now the investors which i will be looking to target will be bankers, high net worth clients and portfolio landlords.

Just looking on Rightmove, there aren't many BMV deals available, so i am going to be leaflet dropping to see if i can find vendors who are either struggling to sell through an estate agent but also vendors who have completed the probate process and are looking for a quick sale.

Any tips on anything or any criticism of the plan, please let me know.

Feel free to share any experiences that you may have had!

Once again, Happy Friday!

Tony.

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