Mimo Properties - Sourcing & Investment

19/05/2025

01/05/2025

Investment Spotlight - An occasional series

We used a purchase lease option to acquire an apartment. This was on a leasehold (over 950 of 999 years remaining and with peppercorn ground rent, so no issue). The vendor was struggling to sell. They needed to sell as they were moving in with a partner, but were also desperate to realise some of the equity to repay a loan.
On this occasion, we agreed on a price, and the consideration was the amount the vendor required to satisfy their loan. (It was still far below the 25% deposit we would have required for a standard purchase.) The vendor was happy as they achieved what they wanted from the deal. We took control of the property, quickly made a few improvements, re-let it and allowed the rental cashflow to accumulate along with an appreciating capital value, so when we exercised the option to buy, we had no problem obtaining 75% LTV mortgage we needed.

Again, a non-zero-sum game approach worked for both us as a company and the vendor.

30/04/2025

If you’ve been investing in property for more than 5 years, huge congratulations 👏 — the stats say you’re set up for long-term success!

Most people never make it this far.
Why? Because the first 5 years are tough — it's where expectations clash with reality.

👉 Vacancies feel like disasters.
👉 Unexpected repairs drain your cash.
👉 Early wins are few and far between.

It’s tempting to quit before the real magic (aka compounding wealth) kicks in.

How do successful investors survive those early years?

They set realistic expectations (property = get-rich-slow).

They keep strong cash reserves.

They focus on fundamentals, not market noise.

They stay connected and motivated when things get tough.

💬 If you’re still in the early stages, remember: the longer you stay in the game sensibly, the harder it is to lose.

Stay patient. Stay smart. Your future self will thank you!

28/04/2025

Investment Spotlight - An occasional series

We used a purchase lease option agreement to acquire a 4-bed HMO. It was in terrible condition, the vendor was unable to sell it, and was sick of trying to keep up with it. We paid £1 (known as the consideration) to take control of the property with an option to buy after 12 months at an agreed price. We agreed with the vendor that we would cover their mortgage payments, cover all running costs (utilities, council tax, insurance, etc.) We arranged a power of attorney so we could legally control all this. The vendor was happy as they could forget about it for a year and knew they would be paid its current value at the end of the agreement.

In the intervening 12-month period, we fully ripped out and renovated this property and turned it into a 4-bed, all-en-suite, HMO with a modern kitchen. Because it was finished to a high standard, it was fully let within days of completion. When it came time to exercise the option to purchase, we were able to obtain a mortgage against its new, much higher value, meaning we could pay the vendor their agreed price and recoup our development costs.

Below are some before, during and after photos.

Every deal is a potential lease option. Get in touch to discuss your property investment strategy and how we can help realise it.

27/04/2025

Investment Spotlight - An occasional series

We used a purchase lease option agreement to assist a vendor who was unable to sell his house. He was living abroad, and the house had become a financial millstone around his neck. The mortgage had come to an end, but he had no vehicle with which to repay the capital. Despite some interest, various parties had been unable to obtain a mortgage due to the kitchen being in the cellar and the cellar not being up to standard. The usual domestic mortgage companies were averse to this. The vendor did not have the means to rectify it. We agreed on a price and put an option in place with agreement from the mortgage company.

We commenced work on the property and relocated the kitchen to the ground floor to make an open plan kitchen, dining, and living space that opened onto the garden. We sorted the cellar and kept it as a utility/storage space. We installed a new bathroom, modernised the garden, and created off-street parking for 2 cars. We got a tenant in and were then able to exercise the option to buy and obtain a mortgage based on the new value of the house with no quibbles from the mortgage provider.

By approaching this deal with a non-zero-sum game plan, we added a house to our portfolio whilst helping the vendor out of a financial black hole.

26/04/2025

Investment Spotlight - An occasional series

In 2020, we bought this tired old 2-bed bungalow in partnership with a private investor.
We ripped it out and added a floor and 2 extra bedrooms, including an en-suite.
Extended to the rear to create a modern, open-plan kitchen and family area flowing out into the garden.
Created a separate utility room.
Added a downstairs cloakroom.
Remodelled the entire front for easy maintenance.

15/04/2025

I had a conversation with my Mum the other day. She asked me if having millions of pounds of debt was scary. My parents are old-fashioned, hardworking, and continued working into their 60s. They worked all their lives so that my brother and I could have a stable home, enjoy summer holidays in Cornwall, and put my brother through university. (He's the more academically gifted one in the family!) We never wanted for anything and were also insulated from the struggles they had. They are just like their parents were. They had a mortgage for the house but saved up for anything else they needed.
I had to explain about good debt vs bad debt so I thought I would post my explanation for anyone considering making the first step into property investment.

✅Good debt is used to finance something that has the potential to increase in value or generate income over time. For instance:

Property investment – borrowing to buy a rental property that generates monthly income and appreciates in value.
Student loans – investing in education that increases your earning potential.
Business loans – funding a business that can grow and produce profits.
It helps build wealth. It is usually tied to an asset or opportunity. It usually comes with lower interest rates (depending on risk). It has a clear plan for repayment and ROI (return on investment).

❌ Bad Debt
Bad debt is used to buy things that lose value and don’t generate income. For instance:

Credit card debt from shopping or holidays.
High-interest loans for cars (especially if unnecessary or overly expensive).
Payday loans or buy-now-pay-later schemes for non-essential items.
It is usually used for consumption, not investment. It doesn’t generate future value. It often comes with high interest rates. It can trap people in a cycle of borrowing.

Ask yourself:
"Is this debt helping me grow financially, or is it just costing me money with no return?"
If it’s the former – likely good debt. If it’s the latter – probably bad debt.

This is why my portfolio is worth 6 figures but I drive a 13-year-old car.

If you want to get started in property, get in touch for a free, no-obligation chat on how to begin.

11/04/2025

Want to Build a Portfolio Without Quitting Your Day Job? Let’s Talk Strategy.

I don’t just send deals—I help investors build real property businesses.

Whether it’s:

🔹 Your first BTL

🔹 Scaling your portfolio

🔹 Building a pension pot through property

…you need the right deals, the right people, and the right plan.

I’ve helped busy professionals, business owners, and first-time investors grow their portfolios without burning out.

Let’s have a no-pressure chat about your goals. I’ll tell you if I can help—or point you to someone who can.

10/04/2025

2 Investor Slots Left This Month – Want In? 🔑

I’ve got two investor slots open for April to receive fully-packaged, off-market deals.

No Rightmove. No competition. No wasted time.

Here’s what you get:

📋 Detailed deal pack

🔎 Full due diligence

💼 ROI & exit strategy tailored to your goals

🤝 Ongoing support from offer to completion

If you’re sitting on capital and want it working harder—this is your sign.

📩 DM me or comment “April Deals” to find out more.

09/04/2025

“How do I know your deals are legit?” 🤔 – A Common Investor Question

Totally fair question. Here's what I do to protect your investment:

✅ Every property is personally viewed

✅ Local comparables used for GDV

✅ I work with solicitors, brokers, and letting agents you can trust

✅ You NEVER pay unless the deal stacks

I’ve built my business on reputation and repeat investors. No hype. No guesswork. Just solid returns from smart deals.

If you’re looking for deal flow without the headache, let’s connect.