General (main property discussion here) - HMO's

Can anybody tell me why present owners of HMO's are selling up and nobody else is pouring money into the sector. Is it not a Goldmine?

I am very interested in buying HMO's in west london! if you have any for sale please call me on 07956313356.

That's a very open ended question.What is the source of your information? I have never heard anybody describe Letting or Renting property as being a goldmine.Most property developers/landlords are in it for the long term.It is not a way of making quick money.People sell portfolios all of the time,some retire,some need funds for more projects.Investors don't shout from the rooftops that they are putting money into a particular project.Most like to have their secret pet projects,and if it became widely known the everyone else would jump on the band wagon.

Tony - there are a load of new regs that came in last year - a lot of landlords are pulling out because the councils are aking for this that and the other. New fire systems costs min of £3K up to £5K depending on house together with other things that need doing. Most landlords don't have that kind of spare cash hanging around

Matthew