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1. Do I need experience in property?
No, we will train you in all aspects of setting up and running a HMO portfolio.
2. How much work do I need to put in to start making money?
Sourced will provide you with a range of training courses, complemented by our ongoing support structure. We will guide you every step of the way as you create your portfolio, therefore you can spend as little or as much time as you wish on your franchise. It will depend on the size of portfolio you’re looking to create, your financial goals, the type of properties you use and whether you intend to self-manage your properties or generate a completely hands-off income.
3. Do I get a designated territory with my franchise?
Sourced Partners are not limited by a specific territory and are welcome to set up their HMOs all across the UK.
4. How much can I earn and how quickly can I start making money?
Sourced Partners understand the importance of making their money work harder. With Sourced, you can expect 30%+ returns on your equity and an annual income of £50k-£150k.
Setting up a HMO property can take as little as a few weeks, but it may take 6-12 months if any major works are required to the property. In short: it’s up to you what property route you decide to take.
5. What is the success rate?
Sourced Partners apply tried and tested HMO strategies, developed from over 7 decades of experience in the industry. As such, the model is highly effective and our in-house support team ensure that every Sourced Franchisees is achieving their financial and property goals, through developing a bespoke business plan.