Joined Platinum Property Partners: November 2013
Previous Career: Chartered Surveyor
Portfolio Location: Poole
Biggest Benefit: More time with family
Since joining the property investment franchise in late 2013, the former Chartered Surveyor has successfully replaced his income by building his own portfolio of t high quality HMOs (Houses in Multiple Occupation) for professional tenants.
After moving from London to Poole with his wife Ruth and their two young children in 2011, Giles found that there wasn’t a market for the type of specialist work he’d been enjoying in the City – asset managing high value commercial real estate. Even though he was still commuting to his Piccadilly office two or three times a week, he knew this wasn’t sustainable and that he needed to reinvent himself, so he started to consider the viability of residential property investment.
Giles also considered holiday lets, but was soon 'put off’' This was when he was advised to talk to Steve Bolton.
Within three weeks of speaking to Steve for the first time and being introduced to Platinum Property Partners, Giles had attended a Discovery Day, conducted thorough due diligence and joined the franchise.
Giles’ first HMO was up and running in early 2014. It was a small project that required no major refurbishment, conversion or building work, because he wanted to run before he could walk, but this six-bedroom shared house has turned out to be the best performing in terms of income return. The property is also still home to some of the original housemates three and a half years on.
After that, Giles decided to put his money raising skills to the test and continued to grow his HMO property portfolio with passive investment and joint ventures. He also changed tack and only went for older properties that needed complete renovation so he could achieve greater development profits and an uplift in value.
The one thing that always remained constant was his return on investment goal.
In fact, Giles’ portfolio achieves an average return on investment in excess of 15%. This has enabled him and his family to live comfortably, spend more time together and provide a legacy for their children.
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