£7,000+ a month from a portfolio you don't even own? Pete Baker talks R2R; the challenges, realities and rewards - a podcast by Tej Singh
from 2019-01-16T06:25:05
Pete Baker has 11 R2R HMOs in his Portfolio right now. These have been acquired over 1.5 years, and it can take 6 months to make a profit from a single R2R. It's not an insta-money-making-scheme like sometimes it's thought of. It can get you out of work, for sure, but it will take longer and cost more than you think.
Be prepared, it's a business like no other. Pete worked in Sales for a long time, before realising his real passion and also that he is unmanageble because he needs to be doing his own thing. He partnered with his Manager, no less! Him & Ash are in business together (BakerWalia) and they are aiming to double their R2R portfolio by July 2019. Quite a goal right?
They don't own these properties and spend between £2-4k per one on the refurb etc, long-term relationships and high quality are priorities for them - they may spend extra, but it's all about delivering exceptional products and a brand.
He is articulate and conveys the challenges and benefits of following this strategy.
https://bakerwalia.co.uk/downloads < His FREE R2R Deal Analyzer is here.
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