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Opening the Hidden Doors to Doubling Property Profits Extract fromJohn Kerr’s Presentation

Opening the Hidden Doors to Doubling Property Profits Extract fromJohn Kerr’s Presentation. LHA Strategies Don’t Knock LHA – Milk it!. 4.8m people claim Housing Benefit; 3.8m are single and 2/3rds female; Govt spends £26bn pa; Govt buys 40% of private rental market;

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Opening the Hidden Doors to Doubling Property Profits Extract fromJohn Kerr’s Presentation

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  1. Opening the Hidden Doors to Doubling Property Profits Extract fromJohn Kerr’s Presentation

  2. LHA StrategiesDon’t Knock LHA – Milk it! • 4.8m people claim Housing Benefit; • 3.8m are single and 2/3rds female; • Govt spends £26bn pa; • Govt buys 40% of private rental market; • LLs may have no clue T is on benefits; • Find good HB Ts with Deposits/Guarantors; • LLs already have ALL of this action – You too?

  3. http://lha-direct.voa.gov.uk/search.aspx

  4. Profits from a 4 Bed House Hemel Hempstead - – value 230k Multi let = £600 pcm Private tenant = £700 pcm LHA Tenant = £1000 pcm

  5. Milton Keynes – 4 Beds • Market rent = £825 • LHA 4 bed = £959 • Two HB Claimants • 1 X 3 bed = £750 • 1 X 1 Bed = £505 Total = £1,255 pcm • 3 Claimants = £1,760+

  6. High Cash Flow LHA Strategy • Convert into 4/5+ bed property and improve with paint and nice kitchen/bathroom if necessary - budget <5k. • Let to several claimants on long term Housing Benefits • Learn this process on first project and then repeat. • Monthly cashflow target = £700 pcm+ and ROI 20%+. • Check out Mike Frisby’s webinars etc on pin Academy • Work with an Expert First! • …. And now for a quick Preview

  7. Find a property like this one….

  8. Milton Keynes LHA Rates

  9. Financing the Property

  10. Get Your Budgeting Right!

  11. Option 1 – Private Tenant

  12. LHA 4 Bed Family - Option 2

  13. Two Housing Benefit Claimant Strategy - Option 3

  14. Three Housing Benefit Claimant Strategy - Option 4

  15. 7 Bedrooms!!!

  16. Top Tips • Find houses with extra capacity – windows/65 sqft • Rental outcomes not pre-approved • Depends on claimant’s circumstances. May change! • Rent may drop if one claimant leaves/starts working! • Learn your JSA/ESA/DLA/ETC • Rent paid 4 weeks in arrears. • Finding right tenants MAY take several months. • Delegate to Letting and managing agents – unlikely! • Always seek: Advance rent, Deposit & Guarantor • Check out Mike Frisby’swebinars • Work with an Expert

  17. John Kerr & Cassie Hicks Kerr john@yourpartnerinproperty.co.uk www.yourpartnerinproperty.co.uk Tel: 01582 380387

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