KGeeson
Property Forum Staff
Forum Partner
Afternoon everyone.
I was recently helping my parents decide how to invest in a property for their retirement, and although they were attracted by a HMO investment (because of the higher Yields available) I think they were a bit daunted by the added legal responsibilities and possible 'hassle factors' of owning an investment property with multiple tenants. In the end they settled on a standard BTL with a 5.5% Yield.
How do you all feel about the pros and cons either a HMO or a traditional BTL, and does anyone have an pearls of wisdom / advice they'd like to share?
I was recently helping my parents decide how to invest in a property for their retirement, and although they were attracted by a HMO investment (because of the higher Yields available) I think they were a bit daunted by the added legal responsibilities and possible 'hassle factors' of owning an investment property with multiple tenants. In the end they settled on a standard BTL with a 5.5% Yield.
How do you all feel about the pros and cons either a HMO or a traditional BTL, and does anyone have an pearls of wisdom / advice they'd like to share?