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4 bed semi-detached house
Thomas Street, Smethwick B66
£15,000
Thomas Street, Smethwick B66
£15,000
Our Summary
- Each investment is for 1 x property that will house either 4 or six people, you (the investor/lender) enter in the jv with Housing Provider (the borrower) and then Housing Provider take a 5 year lease on a property and do a full refurbishment and furnish the property, gain all HMO licences then offer it back to the Housing Association
Description
The investment involves a joint venture with a Housing Provider who has a contract with a housing association. The investor/lender enters into a 5-year lease agreement with the Housing Provider, who then refurbishes and furnishes a property to house either 4 or 6 people. The Housing Association then takes on a fully funded 5-year lease from the Housing Provider, with a monthly fee paid above the ground rent. The investment generates income without any void periods, bills, or maintenance costs, and there are no loans or interest to pay.