£288,000 Rent on a £m 48 bed HMO, NO money in – but ALL money out, with Richie Miller

About Richie:Richie Miller has recently left the military where he was a Major in the Royal Logistic Corps. He started investing in property 5 years ago with the aim of replacing his salary so he could leave the Army. Life priorities changed when he got married and children arrived. From some reading and research, Richie decided it was possible to earn more money with less work through investing in property. Sounds simple doesn’t it? Taking action and decisively doing something different to what he was doing before, he now has a growing portfolio and a managed cash flow. His third ever property purchase was a 48 bed super HMO; Richie bought this with none of his own money.About your host, Tej:Tej graduated from King's’ College London with a BSc Biochemistry in 2014, he then pursued a career in Medical Education and Marketing. Soon after his second job… he was fired! A moment of relief and freedom was what he felt, not sure what his mother felt when he told her he was jobless at 23…He then went in search of a more ethical path, a business he could set up where the reward was equal to the work put in. “If they are making pounds, why am I making pennies?” - was his thought process, not happy with slow progression and bureaucracy (& having to wear smart shoes everyday). This lead him to opening a Recruitment business (not sure where the ethics went) which doubled in profit every year, for 4 years. He hated it. Golden handcuffs they call it.Fortunately, he used the cash he’d built up from that business, to educate himself in Property Investing. Soon, he’d stopped the business and transitioned into Property Investment full time. He then had a slow start -Purchasing 15 properties in his first 9 months, using over £650,000 of Investor Finance, he built a £1,200,000 property portfolio and created £30,000 of profit from flips. This gave him ‘financial freedom’, but it was the most stressful period of his life. Growing quickly is very painful.Let’s not forget that his Podcast grew to be the most-reviewed UK Property Podcast, peaking at 4,000 unique downloads per episode.His Podcast (Tej Talks) now sits at 660,000 downloads in over 100 countries and has 489 reviews, rated 5/5.Links:[email protected] InvestsTej TalkseLearning Hosted on Acast. See acast.com/privacy for more information.