Feb

HARRY’S GAME: Meet the 22-year-old student landlord hoping to expand his portfolio

admin

A student landlord who bought his first rental property aged 21 is on the lookout for older and more experienced business partners to help him grow his portfolio.

Harry Chew, who’s studying at Nottingham Trent University, bought the £82,500 two-bed terraced home in the city as a buy-to-let investment with a £21,000 deposit using some savings and by working numerous jobs as a teenager alongside his studies.

However, as he’s a full-time student, Chew had to ask a family member to be on the mortgage.

Chew took his time researching the property market and knew the area has strong rental demand because it’s near the M1 and local amenities.

After working to update the interior himself, it was ready to let in eight weeks, and the business management and entrepreneurship student is now renting out the home to a family while he lives in rented student accommodation.

The 22-year-old now plans to expand his property portfolio after setting up his own business, Harry Buys Houses, to target landlords looking to sell, and aims to raise the capital through his other firm, Fair Goose Property, which he set up to find joint venture partners.

Joint ventures

“I’m looking for private individuals who want to invest or through joint ventures but aren’t sure how to do it – we can then go through the process together,” he tells LandlordZONE.

Chew certainly has plenty of energy and ambition and, after a stint travelling after finishing university, aims to focus on his property business, with the aim of becoming financially independent before he hits 30.

He’s confident that there are older landlords with a desire for making investments, but who now want to take a back seat.

Adds Chew: “I know many people are too tired for all the running around and want to work with someone younger. I may not have much experience but my youth is a strength – I’m willing to pull all-nighters and do the leg-work to make the company a success.”

Read more about the Nottingham buy-to-let market.

View Full Article: HARRY’S GAME: Meet the 22-year-old student landlord hoping to expand his portfolio