Was I wrong about sweat equity? Ben Allan's £100k HMO

19 Jan 2025 • 17 min • EN
17 min
00:00
17:21
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In this episode I head up to Gateshead to visit Ben Allan as he completes his first HMO conversion, following the advice and support from our Inside HMO Investing programme.  Starting with a hands-on approach, Ben shares how his background as a joiner helped him tackle nearly every aspect of the renovation himself—saving money, building confidence, and creating a high-yielding property. We discuss the challenges he faced, from navigating stressful bridging loans to uncovering hidden surprises in the property, and how he maintained focus on his goal of achieving financial freedom for his growing family. With a 40% ROI and tenants moving in just weeks after completion, Ben’s journey is packed with lessons on managing timelines, choosing the right projects, and deciding when sweat equity is worth it. ******************** Welcome to the Inside Property Investing Podcast with Mike Stenhouse. You"re in the right place if you"re looking for practical advise and inspiring stories to help you build a thriving property investment business and create more freedom in your own life. Start your application for the IPI Mastermind >> See what we"ve got going on right now to help you succeed - https://go.insidepropertyinvesting.com/podcast-links Get more advice and inspiration on your favourite platforms: Instagram: @InsidePropertyInvesting Youtube: Inside Property Investing Facebook: Inside Property Investing Newsletter: InsidePropertyInvesting.com

From "The Inside Property Investing Podcast | Inspiration and advice from a decade investing in UK real estate"

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