OK, so you’re in the midst of the credit crunch, some of your mortgages have come down, the pressure eased a little bit but you’re still not making enough to either give up that dratted job or support your lifestyle.

So what can you do?

In the good times you could have:

• remortgage onto a better rate, pulled out some money and still paid less than you were paying
• sell a house, use your capital gains allowance and bank the difference
• bought and sold a house in 60-90 days
• gone and done another cashback deal

Sadly, in todays market, its become slightly more difficult to do this.

So, if I may suggest a HMO strategy that anybody can do – and it will even help you understand whether or not you want to get into HMO’s in a big way.  So what do you need to do?

1. Face up to the fear of doing a HMO and do it anyway!
2. If you own a property, then ideally chose one which is at LEAST 3 bedrooms (it just doesn’t work doing it for less rooms than that).  If you don’t own a property, then focus on getting a property with at LEAST 4 bedrooms (or 3 bedrooms if you are still feeling the fear!)
3. Follow the steps in my FREE ecourse (you can sign up at the top right) and get your first HMO set up.

If you have any questions, then put them under the “Ask Matthew” section and I will answer them as soon as I can.