Get 30%+ return on your equity by building a HMO portfolio with Sourced Partner.
Over the years, Michael Marlowe has renovated, converted and flipped a number of property projects, creating additional income stream alongside his full-time job. Having gained a fair amount of property experience, Michael decided to move to property full-time and take advantage of the huge earning potential this exciting industry offers.
“I wanted to consolidate all my experience in the sector and make property my main focus.” Michael admits. “I joined Sourced Franchise to enable me to do that and to accelerate the process of achieving my goals”.
Having topped up his knowledge at multiple training events for Sourced Franchisees, Michael began the search for his next project. Soon after, Michael came across a commercial property in Fenton, Stoke-on-Trent, which presented excellent HMO potential. Previously used as an office, the end-of terrace house had a planning permission to convert it to a 7 bed HMO.
With a number of warehouse distribution companies only a short walk away, which attract hundreds of contracted workers to the area, the property benefits from high demand for short-term accommodation and HMOs.
