Welcome to KingROC... Where Return on Cash is King.
If you already let property to asylum seekers, or aspire to do so, then you have just landed in the right place. The investment returns from this property rental sector can be fantastic however, there are many pitfalls to avoid – it is more complex than standard buy-to-let property investment, but the time spent educating yourself how to optimise the opportunity can deliver returns upwards of 30% on your cash investment.
Mortgage finance is a huge consideration as you will be contracting with your tenant via a Commercial Lease, not an Assured Shorthold Tenancy Agreement (AST). Make sure that you are not on the wrong side of mortgage fraud, it could become very costly, both financially and in terms of your reputation.
The owners of KingROC have been involved with property investment and mortgage finance since the 1990’s and lease some of the best quality and highest yielding property assets for the benefit of asylum seekers.
Ahead of investing in this sector, we went to meet some asylum seekers and listened to their stories. It is heart-breaking.
What would have to happen in your life, to cause you to flee your homeland, with all that you could carry in a small bag and travel across the planet in the hope that you would find a safer place to live?
Just think about that for a moment. We did.
And that’s why we go the extra mile when we are developing properties to lease via the AASC contract. Some will say that we spend too much money on our refurbishments and it’s true to say that we could spend less, others do. It’s a personal choice.
Our philosophy is that the time spent by an asylum seeker in one of our properties could deliver an experience that either improves or detracts from their onward journey and so we chose to support these fellow humans by helping them to feel safe, secure and valued during their stay in our properties. Which ever way you chose to do it, the returns can be spectacular, but as with all great opportunities, it is imperative to have a thorough understanding of the details.
Our KingROC20 training course will provide you with that proven process and incorporates the use of AASC asylum seeker compliant mortgage products that we personally negotiated, direct with the funders, in 2019. The best deals are those where all parties win and this is certainly one of those opportunities.