Picture: James Glossop/ The Times & Sunday Times Abi Hookway, a single mum, from Doncaster, South Yorkshire, worried about how shell be affected by CGT changes and the potential for a crashing property market. She has two children (Thomas and Ellie) and started with £24,000 of debt. Now runs four multi-million pound companies and has over £6 million invested in property. She divorced seven years ago and was originally told by an IFA that itd take 14 years for her to get out of debt. 03/10/2024
In 2016, Abi Hookway found herself in a challenging situation: a single mother of two, burdened with £24,000 in debt, and working long hours in a corporate job that left her unfulfilled. Despite following the traditional path of education and career advancement, she realized that her current trajectory wouldn’t lead to the life she desired.
Determined to change her circumstances, Abi tapped into her passion for property and interior design. She began by managing short-term rentals on platforms like Airbnb and Booking.com, earning between £1,800 to £2,000 monthly. This side hustle not only helped her chip away at her debt but also ignited her entrepreneurial spirit.
Abi’s initial success in short-term rentals led her to explore property finding, where she earned £3,000 per deal. With growing confidence and experience, she secured her first investment through borrowed funds, renovated the property, and sold it for a £70,000 profit. This pivotal moment marked the beginning of her journey toward financial independence.
Over the next seven years, Abi expanded her ventures into various areas of real estate, including commercial properties, holiday lets, buy-to-lets, and property flipping. Her strategic investments and unwavering determination culminated in a property portfolio valued at £7.5 million.
Today, Abi is not only a successful property investor but also a dedicated mentor and coach. She shares her knowledge and experiences to help others break free from the conventional 9-to-5 grind and achieve financial freedom through property investment. Her story serves as an inspiration, demonstrating that with passion, resilience, and strategic action, it’s possible to transform one’s financial destiny.
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