Today’s guest is Lee Chaloner, one half of passive.property if you’re on the Instagrams. Along with his wife Ceri, they’ve been building a portfolio since 2019 in and around Wrexham in North Wales.
I’ve got a lot of admiration for these guys - they’ve taken a long term view to building their property income, and only recently started to think about scaling back their day jobs as their business gets to a point where it can sustain them and still allow them to grow.
They started off flipping a house to raise additional capital, before directing most of their attention to HMOs, with direct to vendor deals and buying existing but run down HMOs where they could see an opportunity to add value; and they’ve recently added serviced accommodation to the mix. As Lee points out during the interview, their focus isn’t on one strategy or another, but instead on high cash flowing deals within easy reach of their home.
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