The Progressive Property Podcast

The Progressive Property Podcast

By Kevin McDonnell

The Progressive Property Podcast helps you make smarter property & real estate investments, for leveraged property success & financial freedom, even with little or no money down. Whether you're a buy & hold investor, flipper, deal packager, multi-letter, want to get started, scale up, systemise or create multiple streams of property income, the Progressive Property Podcast will save you time & mistakes & help grow your knowledge, skills, & confidence. No fluff or filler, no ads and deep-dive real life information from real-deal investors who have some of the UKs largest portfolios. Interviews with millionaires, billionaires & successful real life Progressive Property community members will help you build your income generating portfolio in less time. Invest for freedom, choice & profit.

Episodes

All about Joint Ventures!

There are over 2.2 million landlords in the UK, but 2 million of them own only one property, is this you? Or perhaps you want to invest in property but you don’t have the funds in the first place? Join Kevin today as he describes creative investing techniques and the benefits of a joint venture partnership. Discover why joint venturing reduces your financial risk whilst you still are able to reap the rewards, how it is possible to become a property investor using little to none of your own money and why your knowledge and experience is just as valuable as cash in the bank.   KEY TAKEAWAYS   No matter which property strategy you wish to proceed with, the most common problem is that you don’t have the funds to do it. The concept of ‘No Money Down” is that you will not use any of your own money however you will use other people's money, aka a joint venture (JV) partnership. This may be a JV for risk and reward or it might be borrowing money for a fixed rate return.   You have got to invest time in order to get a return. Time is the most important thing, they are constantly printing new money and money is all around us. All you need to do is learn how to attract that money towards you. What you cannot make more of or cannot get back, is time. You need time, knowledge and money.   Joint venturing reduces your financial risk. Many people will say that they do not want to give half of their profits away, with 100% ownership comes 100% of the risk whereas when you are part of a JV partnership you are able to share the risk. If there is a downturn, you may not have all the money you need to get you through the journey and your JV partner can make sure you are safe.   JV partners can bring different things to the table, it doesn’t necessarily have to be the money. Why would the partner with the money lend it to you? Most likely because they perceive that you are bringing the knowledge and experience. You have something they need and they have something you need, meaning both people are benefiting from the partnership. Purchasing with a JV partner can recession-proof you.   Many people will likely lose their jobs after the furlough scheme ends in October. You can use this as an opportunity to help people by using creative strategies like lease options. This will help people to not have to lose their homes at a 25% loss or in the worst-case scenario, get repossessed during the upcoming recession.   BEST MOMENTS “No matter which strategy you want to do, you need to be using creative investment techniques and joint ventures, otherwise you will never get the portfolio size you want to achieve.” “50% of something is better than 100% of nothing.” “It allows you to scale quickly but also at a much faster pace.” “You see who has been swimming with the shark when the tide goes out.”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
03/08/2032m 31s

"Just How Successful Can I Really be in Property?" With Jeannette Linfoot (Brave Bold Brilliant)

If you’ve ever wondered ‘just how successful can I really be in property’ then listen in to today’s episode, as Kevin is joined by Jeanette Linfoot, who attended a progressive property event and is also a member of the VIP programme and has managed to create a successful and lucrative property business. Together they discuss the benefits of mentorship, researching your local area and sourcing the right members of your property team and how your business skills from previous jobs can be transferred to make your property business a success. KEY TAKEAWAYS If you are going to invest in property and create a property business/portfolio make sure you focus on it and don’t just dabble. To enable to create a large property business it is beneficial to have ongoing support by signing up for a VIP package with progressive which allows you to have ongoing mentorship and support.   The support from Progressive can offer you so much such as the technical aspects of buying and refurbishing the property and approaching it in the right way, in particular on optimizing your cash position and how you can be clever with recycling your cash and refinancing. The VIP programme also offers a certain level of accountability and knowing that if you’ve invested in your education/mentorship programme, you want to ensure you are getting your value for money and continuing to progress.   It is important to research the area you wish to start buying properties in by learning the demographics and the property statistics of your chosen area. Once you have done this you need to identify key people you will need in your teams as well as identifying and highlighting your key strengths and skills that can be added to your property business team, you may need to source a great lettings agent, broker and tax accountant.   For anybody that is wondering what will be right for their own journey, it is recommended to spend a bit of time in terms of what are you trying to get out of it? This may be cash flow to allow them to quit their jobs, others may want the equity growth or perhaps a bit of both.   There are adjacent skills and experiences that I think transfer across different business sectors anyway, and sometimes people don’t always realise that.”When you start out in property you might be doing a job that is totally unrelated and thinks that you have no skills in the industry whereas actually if you take a step back, you have got lots of transferable skills.   If you’re looking to get into property don’t procrastinate you need to make a start and don’t worry about it all being perfect, it will come together. Secondly, get out there and meet like-minded people that will support you throughout your journey. Finally, know your numbers and create a simple plan that will help guide you through in terms of what you are trying to achieve. BEST MOMENTS “If you’re going to be serious about this, and investing hundreds of thousands or even millions of pounds in your property business you need to have spent a bit of time on the ground.” “Spend the time and the effort upfront to get your relationships set up if you go running out the block too fast and you’ve not got that in place, then it can be more difficult and you will probably make a few more mistakes along the way.” “Everyones different, you need to think about what is the right schedule for you but definitely allocate dedicated time.” “You can read and research as much as you want but ultimately you have to do something.” VALUABLE RESOURCES Brave Bold Brilliant Podcast -Apple Podcasts (iTunes) -Spotify https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/   ABOUT THE GUEST Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality and property sectors. Having bought, ran and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development. Jeannette is a down to earth leader, a passionate champion for diversity & inclusion and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams. CONTACT METHOD www.jeannettelinfootassociates.com YOUTUBE LinkedIn Facebook   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
27/07/2047m 46s

Mark Homer on Stamp Duty

With the announcement, last week about the elimination of stamp duty on properties under five hundred thousand pounds as well as the reduction of VAT in certain industries, listen in today as Kevin and co-founder of Progressive Property and Property expert Mark Homer discuss the impact and the benefits this can have on you and your property business. Together they explain how you can leverage these announcements to suit you whether that be turning a commercial property into a residential building, paying less VAT on your serviced accommodation or receiving business loans or grants for your business.   KEY TAKEAWAYS Due to the circumstances surrounding the current pandemic, the government has announced the plan to scrap stamp duty completely for house price purchases for under half a million GBP, this is for everybody including homeowners and property investors apart from the additional 3% stamp duty. Meaning if you are a homeowner you pay no stamp duty (under 500k) and if you are a buy to let second property owner, you don’t pay the initial stamp duty but you do pay the additional 3%. One big benefit of this is that they have also announced the reduction in planning requirements around commercial. Making it easier for you to turn the commercial building into residential, which is a big opportunity right now. If you can do this before the end of March 2021 before things return to normal, and keep the purchase value under 500k meaning the incentive of the buyer is that they can purchase from you with no stamp duty to be paid. Many people have been struggling to fill their serviced accommodation units, at the beginning of the lockdown they were worried that their business would not survive. Had they applied for business rates then they would have qualified for a 10,000 pound grant per property. Now the reduction of VAT to 5% in this industry is a huge incentive to offer your guests to get them back into staying in your units. Now is the time to look for what is happening in the marketplace, be following the new updates weekly as things are continuously changing. Surround yourself with like-minded people, people that understand how to interpret the announcements that are coming from the government and who can take these and pivot their business to benefit from those announcements. You need to be thinking about your bounceback loans and the C Bills loans as the scheme is coming to an end in November. If you are trading properties or need development finance, some lenders have linked up with C bills to reduce the rate and potentially go higher loan to value which is very useful. Get out there and take advantage of those, making sure the company that you are taking the loan into is at least 50% operative as a trading entity.     BEST MOMENTS “We have to look at it and see where this benefit may be.” “Yes there is going to be unemployment, yes people are going to lose their jobs but this brings within opportunity as well, the opportunity for those who are educated and those who are looking in the right places to grab and spot the opportunity.” “I suspect this change will probably help put a little bit of a collar underneath the housing market, which is going to get tougher.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/ ABOUT THE GUEST Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.   Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
20/07/2014m 29s

NMD TV interview with Istvan Vigh

Today Kevin McDonnell is interviewing Istvan, a member of Kevin's course and mastermind programme. He went from accounting and finance with no property experience to a property investor in just a few years. It took him longer than he thought to breakthrough, he was close to quitting at points and didn’t make a single deal for 7 months from his start. But now 2 years on he is ready to take the leap and become a full time property investor.   KEY TAKEAWAYS Most people want instant results- we are used to getting what we want, NOW. Too many people only spend a few months, then give up if they didn’t get what they thought they would. Istvan talks about how that didn’t happen. Life can steer you away from your goals if you don’t stay on course, and he was determined for that to not happen to him. In the end it took him 7 months to get his first deal- but he kept trying. You're not achieving nothing- getting the keys to the house isn't the only goal. Every time you go out to view, every time you speak to an agent you are learning something. This all adds up in your knowledge bank. The deals will come, and having that knowledge you have built up will be what could take you over the line with securing it. You don’t have to quit your job- build your parachute before you jump. Starting your property journey while still in a job isn’t something that will hold you back, it’s something that will keep you secure until you are ready. Strengthen your business- don’t be a victim of your own success. Success at the start can give you overconfidence, Istvan found. He was able to easily fill houses and collect rents - until his empty rooms started to grow. He took the time to look at any issue, improve his offering and now is happy to have full occupancy and in need of more houses again!     BEST MOMENTS “Trust the process, back yourself, and keep going” “The hardest deal you will ever do is the first one” “Stop looking for immediate gratification and instant results”     VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
13/07/201h 3m

McDonnell Monday’s - Your questions answered

Today Kevin McDonnell is answering your questions on how to find and negotiate rent to rent deals. Don’t think there are deals to be made in your areas? You’re looking at it all wrong! Never assume that what a landlord or agent wants is all they will settle for, you have to keep pushing. Kevin will show you how he presents a deal to secure properties- and make a profit on them.   KEY TAKEAWAYS What if the numbers don’t work?-- You are looking at the wrong numbers! Don’t think about what the landlords are asking for, think about what you can afford. Reverse engineer the process, Kevin offers what works for him, not what the landlords are asking for. What a tenant pays is not what the landlord gets, so usually what you want to pay isn’t too far off what the landlord gets. Learn how to structure your offer. Take fees that the landlord would otherwise pay off your offer, this will bring down how much they would usually receive by a big chunk, and all of a sudden the price looks like a much better deal. Don’t make a good deal a bad one- know when to walk away. Always stick to your offer, it’s a numbers game. It can be difficult when you become committed to a property, and you could be tempted to up your offer after seeing you are not far off what the landlord wants. But this could be a very bad move, and could wipe any profit away- what is the point of that? How to negotiate creative finance with an estate agent - NEVER NEVER NEVER cut an agent out of a deal- but where possible start the negotiations without an agent. Try to go directly to the vendor where possible. Most agents are not professional investors- and they won’t understand what you are offering. You need to position the offer yourself, and show the landlord their pleasure and pain points. There is only one chance to make a first impression with an offer, and it can lose you a deal if you don’t do it face to face. How do you know how the offer is being received? You can’t see someone’s face over email! Negotiating is a skill, and nothing can replace seeing your landlord face to face. If an agent says no, always try to talk them around. You can show them how they can make more money by working with you. Did you know that even though agents can’t charge fees to tenants anymore, they can charge limited companies? This is a huge bonus for them- let them know they can use it!     BEST MOMENTS “Focus on what you want, not what the landlord wants” “You’re getting in your own way saying the numbers don’t work. The numbers always work.” “Houses are like buses. Another one will come along.”     VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
06/07/2032m 17s

How important is Mindset in Property - Podcast Interview with Edmar Mac

Today Kevin McDonnell is being interviewed by Edmar Mac.  We’ll hear Kevin’s story, from how he went from £135,000 in debt to a top property investor. It wasn’t always easy, and he made many mistakes along the way- but now you can learn from them. From getting educated to the importance of mindset, Kevin talks you through his journey to get to where he is today.   KEY TAKEAWAYS How it went wrong- Kevin wanted to get into property, but didn’t know how to do it. After asking for help from a friend who was already investing, he decided to buy abroad in countries he didn’t know anything about, let alone the language. This ended up costing him dearly as he had no idea what he was doing. Moral of this story- never sign a contract you can’t read! How it got better- He lost all this money but didn’t give up. He came to Progressive to get educated in 2013 (10years after his first mistake!), and it changed his life. He got educated to find out where he went wrong, and more importantly, what he can do right. It’s the right knowledge with the right mindset that can push you forward. What pushed him on- With mindset, it’s not about where you are, but how you see what is around you. With the right mindset, you can get through any setback, just like Kevin did. He could have easily given up and thrown in the towel, but he didn’t give up, and decided to dig his way out of it. He never stopped- He went on to look at property deals and discover what deals he could do with absolutely no money. You need to get creative. He calls this “No Money Down”. If you need money, it doesn’t have to be YOUR money. You could be doing this already with a mortgage on your own house. How do others do it?- Those with big portfolio of 20, 50 even 100 houses didn’t do that by saving money they got from a job- they got creative. Using these creative strategies can open up a world of deals that you don’t even realise were available to you before. BEST MOMENTS “It’s not what happened to you, it’s how you deal with what happened to you.” “You can’t change the mistake, it’s done. As soon as you own the mistake you can move forward” “I got in debt quickly, but you can get out of debt quickly with the right knowledge”     VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
29/06/201h 1m

Rob Moore On Becoming A Seminar Junkie

Today Kevin McDonnell is handing over to Progressive Property Co-Founder Rob Moore, who will be discussing a question taken from one of his mentoring groups. Can you really become a seminar junkie? Is there such a thing as learning too much? Rob shares his views and what he has done before.   KEY TAKEAWAYS If you never reach overwhelm, then there is still more to go. Overwhelm usually precedes a break though. Maybe if you feel comfortable, like you aren't a seminar junkie and you are getting along fine, you should be learning more or learning quicker. It is vital to have multiple streams of income right now- if you have one and your business is halted (like we have seen in this pandemic) your business could fail very easily. Focus on 3 strategies using the 70-20-10 mode. Split up what you are doing, you can control it. Give yourself time to work on your income streams and masters them instead of being overwhelmed with everything all at once. 6 months in and still haven’t made money? You’ve not even started yet! You have to give yourself time to learn. Find out what’s out there, read books, listen to podcasts, talk to people. Then, and only then decide what strategies you want to do. If you have been to a seminar or sat a course but decide not to use it, you haven’t wasted your time. Knowledge creates unconscious action, still there for the future BEST MOMENTS “If you are not learning more than you can physically handle in your mind, then you are not learning enough” “How do you know what’s right for you if you don’t know what's out there?” “There's the learning stage, the earning stage, then the yearning stage” “You never waste money or time on what you learn”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
22/06/2014m 34s

Rob Moore on Investors

Today Kevin McDonnell is handing over to Progressive Property Co-Founder Rob Moore, who will be deep diving into what you should and shouldn’t do in finding the right people to partner up with, and making sure they are serious investors.   KEY TAKEAWAYS You need a good qualification process - you need proof of funds. If you are pitching a joint venture, you need to know they are sophisticated investors or high net worth. This is a legal requirement, but also allows you to know whether they have the money upfront before you go too far and find out too late that they don’t. Get to know their expectations- are they ready and know what they are looking for? Yield, ROI, capital gains. Everyone has an idea of what they want, and you need to know what it is before you start looking, else you could be wasting your time. Where do you source your ventures? - business meeting, high level functions, clubs. 80% of Rob’s best investors who are realistic and not too demanding have come from these sources. Where you find investors can often pre-qualify them as being serious. How to get the best investors - the best investors are ones who are hands off and won’t micromanage you, letting you get on with the job. You have to set the boundaries of what is ok and what isn’t. Sometimes people will want to look over your shoulder, so you may decide they are not the right investor for you to work with. Don’t let investors own you- those with the money in the deal can sometimes make you run around the country looking for deals for them, but nothing is ever good enough! Let them know that you have other investors waiting to take up those deals and create scarcity. BEST MOMENTS “Let investors know you have other investors” “Set some rules- how are you going to set contact?” “Just because they have the money, doesn’t mean they have the power” “The only thing that will change someone's expectations is proof”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
15/06/2014m 13s

Interview with Successful Property Investor, No Money Down Coach & Mentor, Graham Page

Discover today how one man attended one of our property events back in 2017 and used this knowledge to build his property empire. Listen in today as Kevin is joined by Graham Page a property investor and deal sourcer, as they discuss the benefit of Joint Venture partnerships as well as the importance of building your power team that can help you along your property journey.   KEY TAKEAWAYS Many people are afraid that rent to rent is not successful in London, however, it has been proven that it is very much a lucrative option. Despite the current property situation due to the ongoing pandemic, many of these properties are still full. It does work pre-COVID-19 and it will continue to work post-COVID-19.   When entering into joint venture partnerships you need to go into it making clear segregation of jobs so as to ensure you are not stepping on each other’s toes. You need to look at yourself and describe what you are offering a JV partner. You also need to look at an exit starter guy should it all go wrong.   If you are serious about your property journey, you are going to struggle to do this alone and you will need to build a power team of people. Let go of the things you don’t like doing and hold onto the things that you enjoy doing. There is not enough time in the day to do everything, you have got to give away the things you don’t like.   It is absolutely possible to build your property business whilst continuing to work your 9-5 job. You have to be very clear on why you are doing it if this is something that is important to you will find the time to make it happen. Use your 9-5 to pay your bills, and your 6-10 to build your empire.   Build a network of people that can help and support you on your property journey. Sometimes, you may need a second set of eyes on potential deals that can give you a push in the right direction. Having mentors with a wealth of experience can shortcut you so much time and save you a lot of worry and stress along the way.   BEST MOMENTS “People, that say it doesn’t work in London? It does work in London!” “Too many people plan for the best and hope for the best when you should actually be planning for the worst and hoping for the best.” “The people you meet on your property journey, they all become a part of your power team.”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/   ABOUT THE GUEST:  Graham is a serial triathlete and successful property investor. He continues to run a team of 80 people in India at a multi-billion pound FTSE 100 company, delivering In the last 2 years, he has built a multi-million-pound portfolio with a net cash flow of over £3,500 per month, as well as being a No Money Down coach and mentor.
08/06/2046m 52s

The Time To Start Is Now

Learn today how Kevin and his team have been coping during this lockdown and how they have turned what many perceived as a property downfall, into a once in a lifetime opportunity. Discover how upping your marketing budgets and leveraging the new normal’ can lead to opportunities that are once in a lifetime.   KEY TAKEAWAYS It was never the government's advice to let a property during the lockdown, the advice given was “only if necessary” it is up to you to use your judgment on this. Any refurbs that need doing during lockdown by tradesmen are fine to do so, so long as the social distancing guidelines were adhered to. During a lockdown when working from home it is important t keep a routine similar to what you had before working your usual office hours, speaking to clients and colleagues via Zoom and trying to continue as normally as possible. Learn to adapt to the ‘new normal’ if you have a property for sale or rent and you can safely record a virtual viewing for potential tenants then do so. Utilise other Estate Agents virtual viewings as well to hell you make offers on potential properties subject to a physical viewing. Now is the time to be getting your marketing out there. Many people have cut their marketing budget during this period, you have to scale your budget up. Get your marketing out there and make sure you are looking for the opportunities. Many people are sitting at home waiting for the lockdown to be over until they can start. You have to start now, get educated and learn what you’re doing. Focus and build your plan and use this to build your property business. There has never been a better time to start in property than now.   BEST MOMENTS “You don't need to have all the perfect systems in place to start with, what you need to do is start.” “Observe the masses, do the opposite.” “That opportunity is right now and is open to anyone who will grab  that opportunity.”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
01/06/2018m 3s

Property Market Opportunities (Are You Ready?)

We’re going to begin to see an impact in the property market when mortgage holidays end and there is going to be some phenomenal opportunities coming to the property market in the coming months and you need to position yourself to take advantage of these property opportunities by having the right mindset, negotiation skills and creative property investment strategy. Listen in to hear Kevin share his thoughts, tactics and strategies for what’s predicted to be the biggest retraction in the economies history.   KEY TAKEAWAYS The economy will start to see many more people unemployed as the government furlough scheme ends and as a result, people will be struggling to pay their mortgage and therefore will become motivated landlords and sellers bringing about an opportunity for property investors In an economy with high unemployment and motivated sellers, you need to be creative in terms of your property strategy. Strategies such as exchange delayed completions, assisted sales, rent2rent and deal packaging are the types of strategies that will give you an advantage when the opportunities arise. You need to pound-cost average and surf the wave of the market as prices go down because in 5-7 years time the property market will be higher than it is today. The goal is to purchase a property with positive monthly cash flow on a 5 year fixed rate and by the end of your fixed term the property will have gone down in value and back up again above the price you paid for it. There are lots of businesses that will not survive the current economic situation and therefore there is a lot of retail and commercial opportunity with empty buildings. For this, you should consider commercial conversions with permitted development to increase the value and sell it on as part of an assisted sale. When negotiating a deal no matter how much experience you have you need to show the owner that you know what you’re doing. There are 6 steps to property negotiation and it starts with building a rapport.   BEST MOMENTS “There is a risk that lenders will see the mortgage holiday takers as a risk for additional lenders in the future” “There’s no such thing as below market value as you’re purchase price is the value and your aim is to add value by refurbishment.” “You cannot time the property market” “You cannot wait for the bottom of the market or you will miss the boat” “Commercial property will most likely drop more than residential properties”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
25/05/2021m 45s

7 Mentoring Calls

In this podcast, Kevin talks about some recent coaching calls he has taken, and what the main concerns were from them. From a flaw in a strategy, not finding any deals or even having TOO MANY deals, there is something you can take away from this too. Even in lockdown the property market is moving, and you could be at the front if you know what to do and where to look. Let Kevin guide you through pressing issues that you are having.   Key Takeaways: Remortgaging is a great strategy- if you know how to do it right. You have to be able to add value to get a higher value in a remortgage, even if you know that it is worth more than what you paid for it. Many lenders won’t see it the same way- if you paid for it, that is how much it is worth. What did you do to improve it? This is the key to getting a great remortgage rate. Show proof that you have given a property TLC and you could find yourself with a great return! Don’t do someone else’s job. Your job is to get the deals- let the solicitors do the paperwork, you don’t have to know the details. Pay your power team on time and well so you can focus on what is most important to you. If you spend time focusing on everyone else you will spend time learning everyone else’s job and it will hold you back. Focus on income generating tasks- pay others well to support you. Don’t think there are deals out there? I know you are wrong! How are you going to find the deals? Because so many people think there is nothing that could be done, it has opened a HUGE space for you to take all the deals. you only need to know where to look. Estate agents are still open, they are still taking calls, arranging viewings, still looking to sell. YOU could be the one they sell to (at a great price) You don’t need to wait to find the perfect area- all you need is an area that works. Once you are done with your research, don’t wait around scared. if different areas are all coming with good feedback, then just pick one! It’s like trying the pick the perfect strategy, they all work, and you can use them all, but start with one and build up. you don’t have to do the best, just do something that works, because something that works is better than nothing at all!   Best Moments: “There is more opportunity out there now then there has been earlier this year or last year” “You don’t need to invest in the perfect area- you need to invest in the area that works” “Stop procrastinating and start doing- let’s do something that works!” “Peoples motivation changes with time, you should always be checking and following up on offers you have made”     VALUABLE RESOURCES    https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767  https://www.youtube.com/watch?v=o8TZdualhcw  https://robmoore.com/    ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    Contact Method: https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
18/05/2021m 9s

What Actions Can You Take During Lockdown

Many people are stuck right now, thinking that they can’t do anything. that they must wait and look to the future. Kevin is here to show you why that is wrong. we are still only at the start of the year- don’t wait until 2021, we still have 8 months left! Kevin talks about why you shouldn’t wait for lockdown to get lifted, and what you can do while we are all stuck at home. This is the opportunity many investors have been waiting for since 2008, so don’t waste what precious time you have. Act now!   Key Takeaways: Just because a door is closed, it doesn’t mean you can’t work. Kevin has his own agency that is still working from home, arranging virtual viewings. You should be doing this now, not waiting. If you have a property to sell, get it up there for investors to see, or if you want to buy, let agents and vendors know you're interested. There is a window of opportunity to get rid of properties that are costing them money. Many landlords will feel desperate to bring cashflow back into their properties and will be more willing to accept creative partnerships with you. But if you decide to wait, you will find yourself at the back of the queue with everyone else jumping back into the market. You can still send letters to properties that are for sale. You can get to the vendor directly to build a rapport and possibly do a deal. This all comes from learning your area, what is for sale and how many people are looking to buy. Do your research. Know the price of your area. You can do all this research online. you will become credible when you talk to agents. Huge opportunity to become educated. Books, online classes, podcasts. Use your time well and you could come out of this lockdown with more knowledge than most investors in your area, giving you a huge advantage in negotiating deals Speak to other locals- get to know investors in the area, go on virtual networking events. Or maybe you’ve always wanted to get to know investors in another area? Well now's your chance to do it and find a group to speak to and connect with to share knowledge of your goldmine area.   Best Moments: “This is the time for planning, this is the time for action, this is the time to educate yourself” “Don’t waste the opportunity you have been asking for” “You can attend any network event right now across the country from the comfort of your home” “Now is the time to get your ducks in a row, you don’t want to be waiting until after the lockdown is over”   VALUABLE RESOURCES  https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767  https://www.youtube.com/watch?v=o8TZdualhcw  https://robmoore.com/    ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    Contact Method: https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
11/05/2018m 19s

The Funniest Things Tenants Have Done- Stories from my property business

A break from the normal for this week, we have a collection of stories from Kevin McDonnell, from his years of working in property. With the amount of experience Kevin has, he has a lot of stories to share with you. From serious issues that needed fixing, to hilarious moments that you almost can’t believe happened (but did!). With everyone stuck wherever in the world you are, it’s time to lighten the mood. What are tenants most likely to steal? What happens when tenants get caught cheating? HOW do they get caught? Listen to find out more!   Key Takeaways: There are funny stories from years of property that you can learn from- Kevin has seen a lot in his years of working in property. Here are some of the very interesting stories he has to tell. They say you learn from experience, so use kevin’s before learning the hard way yourself! What do tenants like to steal?TV’s? Furniture?- You have to be aware of what tenants who move out are moving out with! In HMO’s especially, things can easily go missing. Make sure you keep an up to date record of everything you have in the property, not just for yourself, but for the happiness of all the other tenants still living there. Health and safety, how to protect yourself from incidents- Sometimes bad things happen, and people get hurt. Apart from making sure everyone is ok, you need to make sure all evidence is collected to present a case if anything were to be reported. What do you do for accusations of stealing? With more people living together comes more issues, and unfortunately so does accusations of stealing. Everything from food going missing to credit cards, dealing with these situations in a timely manner are important to keep all tenants happy.   Best Moments: “They stole part of my kitchen to make a makeshift wardrobe” “They put frozen peas in the thermostat to reduce the temperature of the house” “He caught the tenant cheating through google maps and was so ready to move on he handed it back to me despite already paying” “Make sure if you have HMO’s properties… that it’s health and safety safe” “When they moved out, they left the cat”[1]     VALUABLE RESOURCES  https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767  https://www.youtube.com/watch?v=o8TZdualhcw  https://robmoore.com/  [2]    ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    Contact Method: https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/       These are some corkers, but I don't know if it's suitable!   taken from other shownotes, if not correct let me know!
04/05/2017m 37s

Government Schemes & Benefits During The Pandemic

DESCRIPTION Mark is joined by finance expert Shaz Nawaz where they discuss the benefits of the government's latest scheme to help people during the pandemic. They cover topics from Furlough to repayment holidays, the rights of the employer and the employee and discuss how local governments are dealing with COVID-19. Now is a perfect time to sort out your finances and save money. Tune in to find out more. KEY TAKEAWAYS: Previously an employee has to have been off work for 4 days to claim statutory sick pay, however, what the government has decided to do is reimburse the employer for the first two weeks of sickness. The employee can continue to claim themselves for up to 28 weeks. The government furlough scheme is allowing companies to claim their employee’s salaries from the government, they will pay up to 80% of a salary with a limit of 2500 pounds back, as well as claiming National insurance and the 3% pension schemes. If you have monies owed on a credit card during this period, there are repayment holidays for up to three months available as well as on general loan repayments. Overdraft and overdraft interest fees waived up to 500 pounds, many banks are automatically waiving these fees. If you don’t have an overdraft you can apply for one up to 500 pounds. Local governments are advising that the impact of COVID-19 will last approximately 12 months. However this does not mean there will be a lockdown until then, this should be lifted in May or June starting off by opening schools and small businesses and gradually increasing events whilst implementing social distancing measures, all the while monitoring public health. Investing in bonds is a secure place for your money. Bonds are loans issued by governments. The UK government issues something called guilts which are bonds that you make to the UK government which attract a very low rate of interest, sometimes negative. In terms of security and getting your money back, they are about as good as it gets because the UK government is an issuer of its own currency, meaning it in theory cant go bust.   BEST MOMENTS “It is really important for people to be focused on their finances like they are looking after their personal health” “In terms of getting back to normal, we won't be getting back to normal like we were in March, until next March” “This is going to continue beyond the lockdown period”   ABOUT THE HOST   Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.   CONTACT METHOD   Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive   ABOUT THE GUEST Shaz Nawaz, is a chattered account tax advisor and industry expert whose knowledge has often been featured in well-established national publications, and he insists on ensuring that his team is just as dedicated to the industry as he is. Shaz believes in motivating you to do better for your business as well as your finances.
27/04/2055m 18s

You Can’t Leverage Shares; Property Investing With Kyran Bracken

Welcome to Progressive Property Podcast! On today’s episode,Kevin is interviewing Kyran Bracken.  A property entrepreneur. Former rugby world cup winner and now expert property investor. The fellow Irishmen discuss what property they have, what the 2008 crash was like and did to their business, and what they are planning to do in the near and distant future. KEY TAKEAWAYS Kyran started out down the path of becoming a lawyer, but realised the money he made in 2 years from his first property purchase than he was making in his career. This only spurred him on to do more. In the end he leveraged his own home to invest. He got caught in the 2008 crash, and Ireland was hit bad. But he worked hard to find ways to work around issues - you have to find what works for you. Nowadays, he’s come back and made enough money to have a decent asset base for supporting his family and to have a steady pension. Cashflow is worth more than equity- You don't have to work in a job and still have a constant money stream. Equity won’t pay your bills. Stocks and Shares vs property- You can’t leverage shares. You can buy 4x more investments for the same price by leveraging other people's money.You can’t do that in stocks and shares Look for gaps in the market- Kyran realised there was a gap in the market for building timber houses, which were popular over in ireland. Now he builds 200 a year with little competition. Adding value-Kevin’s rule is to always look to find a property where you can add value and sell it on for more or get a higher rent. No matter if it is single let or HMO, this always applies. You aren't going to get great returns in 6 months anymore - you have to put the value in yourself. Tax- you are going to pay tax anyway, don't use taxes as an excuse to stay in a JOB! You are always going to have to pay tax, you just don’t see it when stuck in a job. Plus, with your own company, you can have tax deductible expenses. Lease options- A gold standard strategy. Low risk, high return. Options could actually be better than buying. There's no completion, no fees, and you could earn a profit for finding a buyer. You could earn 6 figures on options alone. The upside compared to risk is huge. JV- how you can use other people's money to maximise your investing. Joint ventures work on any strategy, and you can minimise any risk. Mindset- mindset in business is everything. It is about being knowledgeable and calculated in what you do and understanding what you are doing. Don’t get mindset mixed up with enthusiasm and stupidity, that will cost you over time.- the more knowledge you have, the more confidence you have Understand the trends in markets- is a property overpriced? Where abouts in the country is property underpriced? What do buyers want to buy? What government schemes are going on that could affect house prices, such as HS2? What do you think will happen in the next 10 years? Do you know your local area?   BEST MOMENTS “You are always paying tax, in a job you just don’t see it” “When you fall down, maybe there was something there for you to find” “Everything you do in life is a bet”   VALUABLE RESOURCES Progressive Property Podcast (https://www.progressiveproperty.co.uk/podcast/) Rob Moore’s Start Now Get Perfect Later (Book) (https://www.amazon.com/Start-Now-Get-Perfect-Later/dp/1473685435) ABOUT THE HOST Rob Moore is a 5x best-selling author, a public speaker, an entrepreneur, property investor and a Guinness World record holder among others. He is the co-founder of the Progressive Property and the mastermind of ‘The Disruptive Entrepreneur’ and ‘Money’ podcasts. CONTACT METHOD Website (http://www.robmoore.com/) Facebook https://www.facebook.com/robmooreprogressive/) Twitter (https://twitter.com/https://twitter.com/robprogressive)
20/04/2048m 14s

Rob Moore- Quarantined AF & The Best Use of The Lockdown

Are you beginning to worry about how the current pandemic will affect your future? Tune in today as Rob Moore spins isolation on its head and talks us through what he and he progressive team are doing to help you make the most of the opportunities presented to us during the lockdown. Discover how to accelerate your business immersion, how to strategise through difficult times and proof of what you can achieve in 90 days.   KEY TAKEAWAYS There are two people during isolation, the people who are taking time to reflect and those who are using this time to become more productive and will leverage the opportunities presented to them during the time. There are many reasons to be in full-on hustle mode. This is an opportunity to create better products and services for the time we are in as well as learning or doing things you have always wanted to do but never had the chance to. This isolation is like you have been able to hit the pause button and learn your strategies properly, ask millions of questions and get yourself fully educated and ready to smash it out when everything resumes as normal and prepare yourself for the future economy. Progressive is using this opportunity for accelerated immersion. The content is being more frequently updated to every other day. These 90 days will be used to help you squeeze in your learning and accelerate your immersion, so when this is over you are able to make the best out of the economic climate and use this to your advantage. Learn in 90 days what you would usually learn in 90 weeks with the help of the progressive team as well as your own personal commitment.   BEST MOMENTS ‘Even though you’ve got cash to burn, you don’t want to burn it” “When in our lifetime are we going to have 90 days where there are no pubs clubs, shops and all businesses are closed” When we come out of the back end of this you will be so ready with the education, the hunger, the desire, all your questions answered; you could still make 2020 your best year.   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”   “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979
13/04/2011m 42s

The New, Lockdown "Progressive Support Mastermind" Online for 48 Hours

Are you a lockdown reflector or a lockdown go-getter? Today, Progressive Property Co-Founder Rob Moore hosts the podcast to introduce the new Progressive lockdown programme, a 90-day online programme designed to help you thrive during lockdown as well as gain exclusive insider tips on how to overcome any problems you may be facing in your property business during these uncertain times. Tune in today to find out more about this one-time exclusive programme!   KEY TAKEAWAYS There are two types of people during this lockdown. The “reflector” and the “go-getter.” The go-getter realises the opportunities presented to them. You are more committed and focused on opportunities during this time. Smart investors are doing a rent to rent profit share. They are doing a rent to rent as a joint venture so there are no downside risks. Housing associations are also offering higher guaranteed rents. Maximise opportunities that weren’t here a month ago. Progressive has taken this opportunity to launch a new programme of accelerated immersion which is progressive support mastermind, an accelerated online programme. A 90 day programme which helps you solve the problems you may be facing in your property business, as well as notice opportunities and how to act on them. The previous programme offered training once a month in person whereas this programme will be once a week and will include all of the progressive trainers. You are essentially getting four times the touchpoints and support. For the first time ever you will get an accountability partner, as well as the usual accountability groups.   BEST MOMENTS “There is survival as well as some thriving” “These opportunities weren’t here a month ago.” “You’re going to be ready, focused, committed to taking a massive advantage”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979
06/04/2012m 14s

Mark Homer: Coronavirus Update All Property Investors Need To Know!

Progressive Property Co-Founder, Mark Homer takes over the podcast and is joined by Property expert and Co-founder and Managing Director of Progressive Lets, Wayne Beecham. Together they discuss the impact of Covid-19 on the property industry and the challenges landlords, tenants and agents are facing and how they can overcome them. Don’t miss the on this must-listen episode.   KEY TAKEAWAYS   Q. How are you handling the Coronavirus situation and what are you doing in your businesses at the moment? At the moment from a letting agency's point of view, from both how the business operates and managing the financials of a business and also how it affects each individual landlord and tenant. From the business point of view, we are going into a hibernation mode where we are prioritising what jobs are important and what fundamentally needs to be done and to make sure we are protecting the income of the business. From a business point of view, we’re working on reducing our overheads, as well as evaluating problems such as tenants not being able to pay their rents and the impact that may have on the landlords and the action landlords need to take to ensure they can still profitably run their property portfolio.   Q.How’re you dealing with tenants being unable to pay their rent? First of all, we need to assess each individual tenant, it is very easy especially with a three-month ban on evictions is making sure the tenant is not being an opportunist at this time. First of all, we have had to assess whether the tenants are affected by this and they have got a list of documents, queries and questions to answer to ensure that they are being affected, from there it is about educating and finding a solution to that problem.   Q. What would you do if a tenant decided to stop paying their rent? If the tenant has had a change in circumstances it is a case of evaluating the situation, so exactly what has happened? And what sort of situation they are in? What losses are they currently encountering and how can we deal with that situation? You do have to evaluate each individual tendency depending on the situation they are currently in. Q. Is now a good time to sell? Now is a terrible time to sell. You’re not going to find any buyers because agents are shut, any buyers that are here are probably scared about their job, mortgages and what will happen to property prices. If you can hold on, get it to let and maybe take less rent and trade your way through it. The worst thing to be at the moment is to be a seller. Q.Are you scared about this crisis or do you see an opportunity? It doesn’t help to be scared, the best thing to do is to plan, or out hat the new world looks like, get in really early and or really hard and modify your business and take advantage of the opportunities that are inevitably going to appear. In times where there are big shifts like this where there are big money transfers and this happened in 2008/2009, a big transfer took place, an it will happen again this time so you need to be ready. You need to be alert, learning, surround yourself (metaphorically =) with god people, and educate yourself through this period and learn from the best.   BEST MOMENTS “By helping and assisting your tenant to pursue getting all the help that they possibly can ensure that there is income owing in assisting both the tenant and the landlord” “As and when travel restrictions are lifted, opportunities will come about” “I don’t think it really helps to be scared” “The world is changing, and you have to grasp these new opportunities” and set your sail in the new direction”   VALUABLE RESOURCES   ABOUT THE HOST Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best selling property books.  Mark has always looked for the best investment vehicle,  and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.   CONTACT THE HOST Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive
30/03/2023m 14s

The Impact and Opportunity Of The Coronavirus In Property

Are you sick and tired of listening to all the negativity in the news in regards to the new pandemic COVID-19? Well, tune in today as Kevin informs you of some of the risks you may face during this difficult time. More importantly, how to overcome these risks and how to turn this into one of the greatest opportunities you will ever receive in your property journey.  KEY TAKEAWAYS Risks and opportunities that the Coronavirus will impose on the property industry. Risks: There is likely to be less viewings. Meaning there will be less opportunity for you to do viewings on potential property investments, as well as less tenancy viewings on your properties. Incentivise your current tenants to stay, they are also unlikely to leave their current accommodations. Selling a property. People will be rethinking moving and staying in their current homes. If you are desperate to sell, that means reducing your property prices. This is a good opportunity for property investors as you will be able to pick up properties at a lower price, and earn a profit on them when the market picks back up. Serviced accommodation. If you own serviced accommodation relying on the tourism industry, you will face risks as there are not as many people travelling. You need to react quickly, look at contractors, open reach workers and commuters. Hotels are risky and people would prefer to be in a clean serviced accommodation alone. Less productivity. If people are ill and self isolating for the recommended 2 weeks, you may be short of staff who are renovating parts of your property, meaning delays. Look for alternative build teams. Tenants unable to pay rent from contracting the virus from one another. Create simple rules in your HMO about hygiene and social distancing. Look now for rent guarantee insurance, to ensure all rent is covered. Delaying getting deals completed. There may be a delay in the buying or selling of property. Perhaps you should re-evaluate the current situation and hold back on purchasing as there may be some better opportunities arising. Opportunities: It has never been easier to raise Joint Venture partnerships. Joint venturing is a brilliant way to grow your business. People who are looking to get their money out of the stock market will in turn invest in property, if you can provide the knowledge to these people and joint venture with them you will come out on top. Interest rates have dropped to the lowest they have ever been in history. People who have money in the bank as savers, will be making virtually nothing on their money now. They may decide to take their money out of the banks and invest in property. Cheaper finance. If you currently have a mortgage, you will end up paying less on your mortgage. If you are looking to buy property you will receive cheaper finance on your properties. It is a great opportunity to get yourself a cheap long term fixed rate mortgage. Lower purchase prices. There will be deals everywhere. Look for opportunities rather than worrying about the impact of the virus. BEST MOMENTS “We cannot bury our head in the sand and not think about the future” “Be looking for the opportunity” “Be proactive in this process and we will come through this” “What we can control is the decisions we make” “There might never be a time in history for an opportunity like this” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
24/03/2021m 37s

SIGNIFICANT Changes to Progressive

We have a brand new channel to get your property knowledge with extra benefits and nuggets of info We also have a major announcement! We now have a Progressive Property Supporters page where you can gain exclusive offers, bonuses and exclusive knowledge. Who it’s for, why its better, exclusivity Separate from RM supporters Dedicated solely to property What You Need To Do Go Here: cc/ppsupporter Log in to Facebook or it will already have you logged in Pay on FB’s own system Enjoy the content! What’s Included with PP supporters? First 70 get Premium tickets to last ever MSOPI Exclusive Ask Me Anything LIVE with Progressive Co-Founder Mark Homer monthly Recordings of all webinars & online training/livestreams 1 Q&A every 2 weeks by a Progressive Expert Property trainer Property course discount: 2 for 1 (bring a friend) on selected courses Exclusive Property Content Videos Daily Exclusive access to Progressive challenges, only for Supporters: cc/ppsupporter Now our major announcement: Not only that, we have a MAJOR change We will be hosting our FINAL EVER MSOPI in April 2020! We need to refresh and make way for brand new, exciting content. To make these the best we can we will Both Rob & Mark will be giving keynote speeches Rob & Mark will do a private Mastermind dinner for Premium ticket holders We will we share the most lucrative cashflow strategies We'll reveal what we believe is happening and about to happen plus our best content & cashflow strategies in the current Buy-To-Let market   Our Premium ticket access gives you: Opportunity to have dinner with either Rob Moore or Mark Homer Digital copy of Buy-to-Let boom part 1 and 2 Reserved seating at the event Fast track entry to the event   What we have planned for the future... This isn't the end, it's the beginning In fact, there is something BIG happening at Progressive this week... Rob has just made a HUGE announcement that the 3-5 April & 24-26 April Multiple Streams of Property Income events will be our LAST EVER. What are we going to do?: Online course new, specialised courses with what members want to know VALUABLE RESOURCES supporter ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage. “If you don't risk anything, you risk everything”   CONTACT METHOD Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979
17/03/2010m 3s

Progressive VIP of The Year, Charlie Taggart!

In today's podcast, Kevin is joined by Charlie Taggart, Charlie first attended a Progressive Property event in 2017 and since then has gone on to enjoy a successful career in property. Charlie left her full-time job as a lawyer in London and has gone on to make property investment her full-time job, even winning Progressives VIP of the year award in 2019. Listen in today to hear Charlie's story and find out how you can do it too. KEY TAKEAWAYS Q. When did you first come to progressive? I first came to progressive in 2017, I attended multiple streams of property income event. Q. Where you already involved in any property at that point? At that moment in time, we had one buy to let property and we were accidental landlords. We had just had our daughter and I was due o go back to work and I was a lawyer in London, with really long hours. Once you have a child all of that changes and I very quickly realise I was missing out on the most important to years. I was having to leave work each day at fie thirty to get home to see my daughter, this was having a knock-on effect on my job as well. I was in quite a bad place mental health-wise as I was under a lot of pressure, and around that time we found Progressive, and I just knew that was for me. Q. What did you get out of the event? It’s a three-day event, and you have all of the progressive speakers there who give you an insight into every type of property strategy there is. We only knew to buy a property you have to save for a deposit and buy a house. I knew there must be something that we didn’t know. Over the three days we had some amazing speakers deep diving into every type of property strategy, things we had never heard of before and it was just mind-blowing. We then joined the VIP programme. Q. Where did you start cash-wise? We didn’t have any savings, we weren’t financially educated and didn’t start with any of our own money. Everything was Rent to HMO, to begin with. Q. How did you structure one of your deals? The first HMO that we got was through an estate agent, we knew what we were looking for and how to analyse a deal and then sourced it through an estate agency. It is a rent to rent for a 5 bedroom house, where we pay the landlord monthly rent. We then turned it into a six-bedroom house, we bought all the HMO licensing and rented it out room by room. Q. The people in the progressive community have they helped you in your property journey? Being part of the community is so so important, the mentorship alone, really helps you with direct questions and answers on a monthly bases. However the community is great, to be around like-minded people makes such a difference, it can be quite a lonely journey that you start on , to come here once a month who are either just starting out or who are ahead of you, you all learn from each other and everyone has already been through it. I have made life long friends and the support is amazing and we are a family and that's just invaluable. Q.How much time does it take after setting up a property to get the income coming in? Our first property took us a month to source the property and build relationships with estate agents, at probably 5 hours a week. To get a property set up will depend on the state of it in the first place. From start to finish it is usually about a month but our quickest has been 3 days. Q. Do you think you would be where you were today without progressive? Absolutely not, even when times are hard my husband suggests going back to a full-time job and I say “absolutely not!”. I owe so much to progressive, it has completely changed our lives.   BEST MOMENTS “It quite honestly blew our minds” “I came to progressive, I got educated and I got mentored” “Life is so much better now” “If I can do it, anyone can do it”   VALUABLE RESOURCES  https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767  https://www.youtube.com/watch?v=o8TZdualhcw  https://robmoore.com/    ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.      ABOUT THE GUEST  Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
10/03/2032m 24s

How to Market YOUR Property Business

Do you know you know the best way to market your property business? In today’s market, it’s now more important than ever to stand out from the crowd and market your property business effectively. Today, discover Kevin’s top tips for marketing your business, the value in building a personal brand, how to expand your reach on social media and why networking events, billboards, and leaflets can still bring you a tonne of new business if you know what you’re doing. Tune in to learn how to market your business, build a brand and get the phone ringing.  KEY TAKEAWAYS: Marketing is fundamental for any business. It is not just about marketing your business, it is also about marketing your personal brand. What can you do to build The Brand Of You? Attend networking events getting to other people and other people getting to know you and your business. Attend both local property events as well as business events. Join property Facebook groups where you connect with like-minded people. Make sure you’re active on every other platform of social media such as Instagram, LinkedIn. Interact on your social media platforms at least once per day. Helping and giving advice to others, as well as sharing your property journey as well as some of your personal life. How are you going to find the property deals and advertise to let people know you’re looking for the deals? Start with estate agents. They spend a lot of money each month on marketing to homeowners. You can also go directly to the vendor. Things such as direct mail marketing campaigns work for many estate agents, therefore it should work for you and your business. Keep an eye out for “For sale by owner” sales boards whereby homeowners are privately selling their property without the help of an estate agent, knock on the door and speak with them. Use Bandit Boards to market your property making sure you carefully follow the rules of the ‘Clean Neighbourhood Act’. Use A-boards in local areas and offer leaflets out to people either yourself or by hiring someone else. Implement a strategy for all of your marketing ideas.   BEST MOMENTS “Why sit watching somebody else build their brand when you could be building yours” “Leverage the estate agents.” “Follow the success and success follows”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  ABOUT THE GUEST Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
03/03/2015m 45s

Special Announcement About Mark Homer's 40th Birthday

ONE-OFF Opportunity to Join a Special 40th Birthday Private 40x40 Property Mastermind With Mark Homer Apply HERE! http://bit.ly/mark4040 Follow the link above to fill in your application and be in with a chance to be one of the 40 participants in Marks 40th Birthday Special Mastermind! It’s Mark Homer’s birthday and this BRAND NEW offer is about to go WILD bit.ly/mark4040 Tune in for a Total ONE-OFF Opportunity to join a special 40th birthday private 40x40 property mastermind investing group with property expert and Progressive Property Co-Founder, Mark Homer. This is an APPLICATION ONLY Offer so listen in to find out more. PLUS get the chance to secure an EXTRA two-day bonus property, business, and finance masterclass. If you’re a determined, enthusiastic and success hungry property investors looking to take your portfolio to the next level, this is for YOU. bit.ly/mark4040   40x40 Property Mastermind With Mark Homer (Application Only) Private and exclusive mastermind for 6 months in Peterborough Available for 40 people ONLY Every session (one per month) will be with Progressive Property Co-founder, Mark Homer Limited places are available. The first 25 accepted onto the mastermind will receive a bonus two-day business and finance masterclass with Mark Homer.   What You Need To Do Go Here: bit.ly/mark4040 Fill in the application form in detail and state why you think you should be accepted onto the mastermind. All applications will be reviewed and those suitable will be contacted.   What’s Covered On The Mastermind? Mark Homer will be masterminding on all things property: HMO deals Commercial conversion projects, Property planning, Building a portfolio, Analysing deals, Developing and converting projects, Building a power team Understanding property finance and lending.   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979
28/02/207m 53s

Lessons I Learned From Mark Homer: Save & Never Touch

In Part 4 of Progressive Properties One-off Bonus series, Rob continues to share the essential lessons learned from 14 years of business with property expert and awesome business partner, Mark Homer.   Tune in to hear Marks moe contrarian business lessons that can super-charge your business and help build your wealth. Understand the value in knowing your enemy, how to merge social with business, why it’s essential to plan for every scenario, the reasons behind why cash is king and how you too, can pivot quickly and always be flexible.   KEY TAKEAWAYS Lessons Learned From Mark Homer   Knowing your enemy - Be friends with your enemy, know what they’re doing and obsess over the competition. Learn from them, understand how they’re dominating the marketplace and take from them what you can to improve your business and brand.   Suppliers will lure you in with a price - Aim to constantly review, renegotiate and challenge your suppliers in your business, property developments and joint-ventures. It’s important to view money-making decisions and money-saving decisions in the long-term.   People make claims and predictions all of the time - And you can benefit from listening and learning from these claims if you make a note to check the claim in a year’s time.   Never tell people when you’re coming back from holiday - If you never tell people when you’re back you can get on top of your work, stay on top of your work-life balance and be better prepared for when your staff knows you’re back.   Merge social and business - Merging social occasions and business meetings/opportunities is a great way to do business, especially if you’re surrounding yourself with other like-minded business individuals.   Buy, rent or lease - It’s important when making the decision to buy, rent or lease to consider the total depreciation cost. If you’re looking at purchasing a car you must look at all of the costs, future values, maintenance costs, and comparative pricing.   Always plan worst case, best case, and likely case scenarios - It’s essential to plan for every situation and outcome when planning a business deal or securing a property deal so always plan every scenario so that you’re prepared for every outcome both financially and mentally.   Aim to have the lowest fixed overhead that you can - It’s okay to have higher variable costs as long as you have low fixed costs because that’s your bottom line and you need to account for these every month.   Pivot quickly and always be flexible - If you’re a lean business you can reduce costs quickly and react to business situations easier and more effectively.   SANT (Save & Never Touch) - It’s important to have money/savings that you never touch in order to be prepared for irregular stocks. The aim is to save up enough capital so that you live off the compounding interest.   Track the money months. - Aim to track the number of money that you can live off of just the capital. The mindset is to understand if you don’t earn anything...how long can you live? 36. Diversify your assets - Always secure assets that appreciate in value so that you’re always growing and your income and wealth are always increasing. Target art, watches, gold, stocks and precious metals that can increase in capital worth overtime.   There are not many good consultants and only a few great ones - It’s essential to have a great project manager and planning consultant and once you find them, keep them. Hiring people is basically luck and it can take time to find the best people for the job.   Protect your credit file with your life - Never miss a payment, never default and stay organised.   Cash is king, not trash - It’s important to stay liquid and have cash or assets that can be liquated easily so that if the markets change you’re ready and you can take opportunities.   Test new finance methods - Always be aware of new finance, lending, and borrowing methods so that you know how much capital you have access to. BEST MOMENTS “Mark is the best business partner anyone could wish to have” “Mark is very diligent and knowledgable because he plans and follows up” “As an entrepreneur and business owner it can be a lonely place so it’s important to surround yourself with inspiring people” “Saving money, creating good contracts and due diligence is like a game for Mark” “Test small, test earlier and with not much risk”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979
27/02/2024m 8s

Lessons I Learned From Mark Homer! Know Your Enemy

In Part 3 of Progressive Properties One-off Bonus series, Rob celebrates more lessons learned from Mark Homer. Get the fast-track knowledge from over 14-years of successful business, property and wealth. Learn about longevity, consistency, and compounding focus and wealth. Discover the value in consistency, self-insurance, and absolute clarity and accuracy. Understand the need for leveraging your tax-free allowances, planning your contingencies and keeping everything on file in this revealing episode.   KEY TAKEAWAYS Lessons Learned From Mark Homer   14. Mark believes in longevity, consistency, and compounding. Consistent action over a long period of time will generate vast, lasting and deep-routed compounding wealth. Don’t concern yourself with big and loud competitors in your marketplace because they won’t be there long. Slow and steady wins the race and consistency is key. 15. Accuracy is very important in business. Take the right amount of time to be specific and accurate in anything that you’re doing and what you say and what you do. You must be happy with what you post, what you claim and what you propose in everything that you do.   16. Only listen to those that have been there and done it. Free advice is worth every penny   17. Believe in self-insurance by having an account that over-time becomes its own insurance pot. Begin by putting the amount of money you would pay for insurance in a separate account as a safety fund. 18. You must have a bigger contingency than you think that you need. Mark has multiple bank accounts for every scenario, for irregular shocks, for save and never touch, for VAT and for expenses. Saving money away will compound and prepare you for every situation. 19. Aim to get multiple quotes for every job. For builders, boilers, contractors, car insurance, refurbs, building projects and everything in between. Suppliers tend to quote low and then bump them up over time, so you need to stay vigilant and look after the pennies so that the pound looks after itself.   20. Always hold back the last payment for any refurb or contract work on your properties to ensure that the job is done to the standard agreed. As soon as you’re up-to-date with payments people get lazy. 21. Mark believes in absolute clarity and absolute detail. The devil is in the detail and this definitely applies to contract joint-venture partnerships and agreements. 22. Aim to keep a file on everything and every one of anyone that you work with. You may need it down the line and may need to recall it in a certain situation. Remain organised wit accurate information that can serve you. 23. Leverage and maximise all of the tax-free and tax-saving allowances that you have as property investors and entrepreneurs. Look to max out your ISA, leverage your entrepreneur’s relief and capital allowances in commercial projects. Research and investigate what you do not need to pay because you don’t know what you don’t know. 24. Surround yourself with a great tax advisor, accountant and everyone that is very knowledgable with tax and it can save you hundreds of thousands of pounds in the long run. Hire specialised in the right areas that you’re operating in. 25. Know your enemy! (Covered in Part 4) BEST MOMENTS “Mark is a very private person and drives a lot of what happens at Progressive“ “Mark and I partner on everything, we split everything 50/50” “Stay on one course until you’re successful” “Mark believes in longevity, consistency, and compounding” “Learn from those that have been there and done it”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979
26/02/2017m 43s

Lessons I Learned From Mark Homer! Every Pound is a Prisoner

In Part 2 of Progressive Properties One-off Bonus series with Rob Moore, discover more lessons learned from 14-years of business with Mark Homer. Learn the insider secrets to property investment, why it’s important to look after your costs and manage your capital, why evolution is more beneficial than evolution and why focusing on your market will bring you compounding and consistent wealth. Tune in for more never-heard-before property and business lessons from expert and entrepreneur, Mark Homer.   KEY TAKEAWAYS Lessons Learned From Mark Homer   6. Don’t buy overseas, don’t buy off-plan and don’t buy new builds. Always buys local, older and existing properties. Mark tested overseas properties himself and knows they do not work as well and you cannot take the numbers on a spreadsheet with projected figures as fact. You need to test, measure and get proof of property strategies before scaling up to another bigger strategy. 7. Every pound is a prisoner - You make more by saving a pound than you do by making a pound because when you make a pound you’ve paid the tax, charges and a host of costs to obtain that pound and the net value of a made pound is a lot less than a pound saved. You must preserve capital at all costs and only purchase assets that appreciate in value and generate and income which in turn you can spend on your business, but never spend the capital.   8. Things cost more, take longer and are harder when you’re in the inexperienced phase of business. So it’s important to understand the maximum exposure and maximum risk in any deal and planning accordingly with best, worse and likely case analysis. 9. Trust but verify first both in deals and in relationships and partnerships. Do random spot checks to better understand the trust in your joint-ventures and the accountability of your relationship. The key is to check and then check again. 10. Saving tax and managing your expenses well is often more important than driving turnover. Aim to be careful with the amount of money you spend vs earned because a point saved is much more beneficial than a pound earned.   11. You can make money in all property markets no matter the economic situation. There are creative strategies for a rising market (adding value) to a falling market (securing BMV deals) and in a stagnant market by changing the use of a property (residential to commercial).   12. Never do refurbs too big or too soon. Aim to focus on the evolution of your property and where you can add value rather than the revolution.   13. Often the business that you’re in is often the best route to success than changing careers or moving industries. Focus on what you’re already doing better and improve it rather than just doing something new. This will you a compounding positive effect on the industry you’re operating in. Consistency will bring you wealth in the end.   BEST MOMENTS “Find other people who have been there and done it and learn from them” “If you want to learn how to do something well, find something who’s done it and learn from them, learn from their mistakes and don’t be a trailblazer” “Spend the income not the capital” “Mark is very persistent and he doesn’t take no for an answer” “Mark looks to build a deeply layered pyramid of wealth”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979
25/02/2019m 26s

Lessons I Learned From Mark Homer: Stability, Longevity and Security

Welcome to a special Progressive Property Bonus series with Co-Founder Rob Moore. In this unique series, Rob shares with you something new and completely different. Over the next few episodes, Rob will be revealing the lessons learned from property expert, mentor, and partner, Mark Homer. Tune in to discover never-heard-before insights from over 14 years of business with Mark. Hear advice, lessons and behind the scenes insights on property, business, finance, and joint-ventures. Listen to part 1 of this special bonus series today.   KEY TAKEAWAYS   Much of the stability, longevity, and security or our wealth and Progressive’s success is Mark. He’s an unsung hero and I don’t know anyone who knows more about property in UK than Mark Homer. Sometimes people jump into joint-venture partnerships too soon they don’t do enough due diligence and the partnership ends up breaking down. The odd few people trust to quickly and assume too much. Mark’s view is to ALWAYS test partnerships before getting into contracts and legalities. Do not rush it and make sure it works. Mark tested our partnership before we went into business and watched me work for 3 months before we started a joint-venture, so always test, observe, watch and do your due diligence. Watch and listen rather than to think and to act. You learn a lot more listening than you can by talking and where there is conflict and challenges it is better to sit and do nothing than to react emotionally. Mark is fiercely loyal and does all of the ‘dirty’ work behind the scenes that keeps Progressive going and keeps everyone including myself accountable. It’s important to hold your business to a high standard and keep your business secure behind the scenes, you may not get a lot of credit for this but it is essential to success and stability. You never know the real numbers of a property or a deal until you’ve been in it, owned it or done it for 6-12 months. Therefore it’s important to buy a small number of properties and to test strategies such as buy-to-let, HMO or serviced accommodation because you don’t know until you’ve been in it and seen the numbers for yourself. You need to judge the average net income, tenancy rates, and voids before you scale and you know it’s a success. You cannot master what you do not measure. Mark taught me to track my net-worth (net-assets minus total liabilities) It’s important to find out your net-position and every 3 months evaluate it. As a result, your net-worth will increase as a subconscious driver. Mark also routinely does worst case, best case, and likely case analysis to better understand the position of your assets and income.   BEST MOMENTS “I’m very grateful and fortunate to be Mark Homers, business partner” “Observe potential partners intensely and do your research without telling them” “Don’t scale to quickly, only buy more and scale aggressively when you’ve got the systems and the proof that it works” “Always look an an assets minus sale costs”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979
24/02/2027m 30s

Where Did You Start & Where Are You Going? Dan Eaton; Former Royal Navy Communicator & S.A. Expert

In today's episode, Kevin is joined by former Royal Navy communicator, corporate world project manager, Serviced Accommodation expert and Progressive Property VIP, Dan Eaton. Dan first attended a “Multiple Streams Of Property Income” event back in 2017 and since then has gone from strength to strength in the property industry and is now a full-time property developer and serviced accommodation provider. Listen in today as he describes his journey to success as well as providing top tips on how to make it in the property industry.     KEY TAKEAWAYS:  Tell us a little bit about what you were doing before you came to progressive? About 2 years ago, I came to progressive along with a friend. At the time I was a project manager in the corporate world, prior to that I had been in the Royal Navy for 10 years.  Before this had you ever invested in property before? No not at all, I had watched ‘Homes Under The Hammer” but I was always under the impression that you needed to have money to do property.  You attended the multiple streams of income event in 2017, what did you do off the back of that event? I signed up for some of the training courses that Progressive have to offer and I attended the masterclass and the serviced accommodation course.  You decided that you wanted to do serviced accommodation, how did you do it? In the training we learned about rent to serviced accommodation, meaning borrowing a house or accommodation from the landlord and using it for serviced accommodation. We then found some properties in Cheltenham that we could do that with and we went from there.  How critical do you think networking is to build your property business? It is absolutely essential. I met my business partner Andrew through networking, we took on his SA units. Then through other networking events, I’ve met others, the four of us are now in a partnership where we’re doing a six house new build. It is absolutely imperative. Two of my deals now are off-market deals, because of my contacts through networking.  What are your plans going forward? To be honest, it is more of the same. Our services accommodation is up and running, we have systemized a lot of that so I don’t spend much time with that. I do the commercial conversion side and development side and the next 12 months, is just more and more of the same. We want to take on more SA units, we want to take on more commercial conversions some used for services accommodation and some used as starter homes.  Why is the progressive property community so helpful? Coming from the commercial world where everybody is out for themselves, I couldn’t believe how helpful people were in the property industry. I think it stems from whoever started doing property in the past, they had been successful, decided to help some people out and decided to pay it forward and it built into this massive community. The market for property is so vast, there are hundreds and thousands of houses. There is enough out there for everyone and I think the property communityrealisethat and want to help.   What are your top tips for people who are interested in getting into property? Think about what it is that you want to achieve.  Think about how you are going to achieve it.  Start going networking and find people willing to help you.   Get the education to make sure you are doing it properly. Attending progressive property events to help gain knowledge of the industry.   Take action to implement. Join the VIP programme which will help keep you accountable.  What do you say to people wondering if they are capable of being successful in property? I would say ‘Yes you can be successful’, one thing I have learned is that you can achieve a lot of stuff, not necessarily straight away, but it is a simple process that you just need to follow.  BEST MOMENTS  “I was always under the impression that you needed to have money to do property”  “Sometimes it's the deals you don’t do that make you the money as well”  “Networking is absolutely imperative”  VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767   https://www.youtube.com/watch?v=o8TZdualhcw   https://robmoore.com/   ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    ABOUT THE GUEST   Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018.  CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
18/02/2023m 40s

Top tips for Refinancing!

Discover the top tips for refinancing your property, the dos, and don’ts of property, how to attract JV partners and the risks of refinancing with a mortgage. Tune in to learn how to maximise your profits and build your portfolio with the right property refinancing. KEY TAKEAWAYS: -You could purchase the property using yours or your JV partner’s cash, by borrowing money or by taking out a mortgage using a deposit. - There are some risks of refinancing with a mortgage. If you buy a property with a mortgage from a bank and you put down a deposit of 25% and have the remaining mortgage of 75% with the bank. If in six months’ time, you go to refinance that property with the same bank it is most likely that the bank will not value the property any higher than they gave you six months earlier. -What some people may risk doing, is to buy a property with a mortgage from one bank do a small refurb, six months’ time refinance with a different bank than who the initial mortgage was taken out with. That can work in terms of the refinance, but you run the risk of getting blacklisted by the first bank. - Mortgage lenders like to see you keeping the product with them. Therefore the smart and professional thing to do is to use cash or a loan to purchase the property, do the work and then six months later, refinance onto your first mortgage product, rather than moving from one lender to another. - When applying for a mortgage, it is vital that you get a mortgage broker. They are able to get approval done that you would otherwise not be able to get yourself. They have good relationships with certain lenders and know what sort of things that you need to have included in your application for the lenders to say yes to your loan. - When choosing a mortgage broker, it is important to choose one that understands buy to let property. It is important that you stick to the same broker, don’t mix and match every few months. - When the valuer turns up to value the property. Do not try and tell them what you think it is worth, however there are a number of things you can do to help you get the valuation to what you are looking for. Get pictures of the property before you do any refurbishments. Get pictures of the property in its worst possible condition. Get pictures the day the valuer comes to see the house.   - This can help you to show them how you have added money from the purchase price. You showing his pictures from six months to today is one of the most important ways for you to help him come to  realize that the value is higher.  - Give them a copy of the tenancy agreement. He will base his valuation on a percentage of the rental income that you’re achieving for that property. - Include a schedule of the works that you have done to the property since you purchased it to show that there have been a lot of things done since you bought the house that have added value. -Look for properties online that have sold with a higher comparable as you’re looking for as a value for yours.                 BEST MOMENTS “The mortgage broker earns there money for you”   “How is this property worth more money today than it was six months ago?”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD   https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
11/02/2013m 24s

How to Network Like a Pro

Kevin McDonnell talks us through the Dos and Don’ts of successful networking. Networking events can be daunting and can be unsuccessful and time-consuming if you don’t make that unforgettable first impression! Tune in today to find out how you can grow your network, make a lasting impression, attract JV partners and property investors and ensure that every networking event is a success!   KEY TAKEAWAYS  Where Can You Network?  There are many places you can go to network. Progressive property run about 40 property networking events all over the country, meaning it is likely there will be a PPN event near you. However, it is not only about networking events, but it is also a great idea to attend business networking events both locally and in different parts of the country. Have in your networking plan, to attend other types of events as well as events in other locations around the UK and the rest of the world that can help build your power team.     What To Do At Networking Events?   Have a clear plan before you attend, don’t just attend a networking event to listen to guest speakers. You should be bringing business cards to the events, you need to have a way that you can capture people's attention. As well as handing out your business cards, make sure you collect other people's contact details.     You want to be listening to others, more than you are speaking about yourself. Learn a little bit about people, keeping your eyes and ears open to find the person who is looking to invest.     If you do get the chance to tell people a little bit about yourself, keep it to a minimum and have what's called an ‘Elevator Pitch’, practice this at home before you attend. Focus your pitch on the features and benefits of working with you.     Make a list of people you need to help fulfill your power team, and go to the networking events to specifically source these people.     -A key part of attending networking events is the number of people you speak to. You don’t need to spend the entire event talking to just one or two people, you will be missing out on speaking to the majority of people at the event. The main goal of each networking event you attend should be to collect as many people’s contact details as possible.     Dress well when you attend a networking event. Don’t give people the opportunity to have a negative impression of you based on the way that you present yourself.     Give people the opportunity to talk about themselves, only speak about yourself if you’re asked. Ask them, how you can help them and what they’re looking for that can be mutually beneficial. Do not try to sell them things within the first few moments of meeting them.         BEST MOMENTS  “If you really want to scale your networking business, if you want to do a lot of property deals, then you’re going to need the help of other people”  “A wise person once said, ‘you’ve got two ears and one mouth, you should move them in the proportion”     “People want to work with people that they know, like and trust”    VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767   https://www.youtube.com/watch?v=o8TZdualhcw   https://robmoore.com/   ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD    https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
04/02/2019m 23s

My 6 Biggest Property Failures

In today’s episode, property expert Kevin McDonnell takes us on a trip down memory lane as he looks back on some of his biggest failures in the property industry and gives us his expert advice on how you can avoid making these mistakes yourself! Don’t miss Kevins expert advice on how you can become a success in property! KEY TAKEAWAYS 6 Biggest Property Failures- Investing Abroad- Don’t buy off-plan property. You are buying something that might go up, or down in value. You’re also purchasing something that might not even get built, there is no real guarantee, and whilst you are waiting for the build to be complete you are not making any money from the property. Purchase property in an area you are familiar with that can make you money instantly and whereby you are familiar with the tax and property laws.   Doing All Your Own Refurbs- This takes up far too much time which can stop you from looking for more property investment deals. The standard of work was also not up to the standards of professional tradesmen, meaning a few years later the poor workmanship will have to be redone. Tying to do those refurbs yourself, will cost you more time and more money.   Waiting Too Long Before Quitting Your Job- Just commit and get out, because quitting your job will allow you to focus more on property and your results will have scaled massively once leaving your job, allowing the freedom and mind space to really focus on scaling your property business.   Waiting Too Long To Hire Staff- Where in your business can you add income? Where can you put money into your business? Things such as speaking to joint venture partners, people who want to invest money into your business, negotiating property purchases or contracts on rent to rents with homeowners, that is where your focus should be. Outsource all the other tasks to staff such as property management, speaking to the tenant, maintenance inspections, all of the tasks that are time-consuming but don’t generate income but rather take money from the business.   Not Having A Clear System To Check Staff’s Work- Hiring any staff comes with an element of trust, and sometimes in fast-growing businesses you can end up leaving staff to get on with their job whilst your focus is on other things. This could potentially result in foul play from your staff as they feel like they are able to get away with things easier as they are not being monitored. Create a system whereby this is not possible. Check your properties out, check your own staff out and make sure that what’s being said is the reality.   Not Hiring A Project Manager- A project manager will hire the entire refurb team to avoid any miscommunications between different tradespeople. If possible, make somebody you know or are familiar with and that you trust your project manager who can get the job delivered on time. Them being responsible for the project means that there's no way there can be any excuses or tension between the rest of the team.         BEST MOMENTS “Mistakes are a part of life”   “You only have to be right 51% of the time”   “The richest people on this planet have made many mistakes”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD   https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
28/01/2019m 21s

The only Way You Fail is if You Quit!

“The only way you fail in property is if you quit” Kevin started his property journey in 2003 and after the first 11 years was over £100,000 in debt. Since getting educated in 2014, he has built up a multi-million-pound property business with a cashflow of over £11,000 per month, lets over 200 rooms, owns over 30 single-let properties and is a speaker, trainer and mentor for Progressive Property. Today, Kevin shares with you his journey into propety, the struggles and the successes, tune in to discover how Kevin managed to build a multi-million-pound portfolio with none of his own money.   KEY TAKEAWAYS   First interest in property in the late 1990s when studying quality management at University. Discovered that becoming a landlord and property investor could be a full-time job.   2002 moved to London to work for Laing O’Rourke and began living in shared accommodation with work colleagues and began discussing property. As a result, Kevin Attended a 3-day property seminar in London realised he wanted to do property full-time.   In 2004 Kevin attended the Property Investors Show in London and was attracted to off-plan properties abroad (Estonia, Turkey, Bulgaria). At the time Kevin didn’t know how to creatively purchase properties without deposits. Unfortunately, Kevin wasn’t familiar with these areas and in 2007 when the crash came Kevin lost all of the money overall loosing £135,000 plus interest on the loans taken out to purchase them and the properties were never built. For a while Kevin forgot about property, working harder in his job to pay off his debts.   In 2009, Kevin moved to Nottinghamshire as a quality manager and forgot about property. Then in 2013, Kevin was contacted by Progressive Property offering him tickets to the Property SuperConference at Wembley. Attending the event Kevin was inspired by the speakers on stage, all of which had been in debt, just like Kevin. It was then Kevin decided property could work for him.   In 2014, at the Property SuperConference Kevin invested in a number of training courses with Progressive and began with creative strategies such as Rent2Rent, lease options and started to build a portfolio local to him that he knew. Kevin rented one property which he lived in and rented the rooms out to other tenants (HMO) and met his now wife as a result. Kevin continued his creative strategies renting another property with an option to buy and backfilled his rent2rent property portfolio with tenants to cover the rent and generate a profit. Kevin was essentially living for free and building up cashflow to replace his income.   In 2016 Kevin left his job and become a full-time property investor.   In 2017 Kevin was asked by Progressive Property to run some training on how he build his portfolio without any money. This is where No Money Down, Rent2Rent, Lease Options and the No Money Down matrix was formed. Kevin also formed JV partnerships and now has 11 companies focussed on property as an individual and as a partner.   Kevin now lets over 200 rooms and owns or has a stake in over 30 single let properties that are either owned or controlled by creative Rent2Rent strategies or lease options.   In 2017 Kevin set up a lettings agent to help manage his time and look after his property portfolio. This has now been scaled as a business by itself to break even and additionally save Kevin time and money to do other things. The first 11 years in property Kevin built a debt of over £100,000. Since 2014 and training with Progressive, Kevin has built up a multi-million property business with a cashflow of over £11,000 per month and has an aim of one property deal per month.   BEST MOMENTS “Always take positive steps towards success” “The only way you fail in property is if you quit” “Invest locally” “I buried my head in the sand and worked harder to pay off my property debts” “I thought I needed deposits to secure property deals” “I’d decided I want to do property full-time” “Property is the one thing that as made more millionaires and billionaires than anything else” “People have either made their money in property or have invested their money in property”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
21/01/2017m 25s

Kevin McDonnell My personal plan for 2020

2020 is going to be a huge year in property? But are you prepared? and what are your plans? In today’s episode of The Progressive Property Podcast, Kevin McDonnell shares his guidelines for a bumper year in property. Discover how to scale your business, find new joint-venture partners and make a fortune through property in 2020.   KEY TAKEAWAYS  What’s your plan? What's your property plan? Where are you going with your business this year?  When you have the best year businesswise, you should know that you also had a bad year because great achievements come with great challenges. As you plan on how to be successful in your business, you should also prepare and be ready for any challenge that will come your way.  Challenges like staffing should be dealt with when they arise because these are the people that you need to trust with your business that they will do their best to keep your business up and running and also profitable. You can’t do that while you are having this issue; make some staffing changes to suit you and your business if you want to scale up your business in 2020.  In the year 2020, make an effort of having a joint venture partner because there's plenty of opportunities that arise when you are in a joint venture with someone and there are lots of benefits that you get to enjoy such as, in case any risk occurs in your business, you are both liable, in case of a loss, you both share the losses, you get to make well-informed decisions in your business because you get to consult your partner and many others.  When you have more money in your bank account, don't let the money stays in the bank because you will not earn anything while it's still in the bank, take a step of lending it to other investors so that they can also do some more investments with it and you get a return on your money in terms of interests. With this, your year 2020 will be a year of more success.  The last crash was what 2006, 2007, 2008, we're at 12 years into the property cycle now, there is likely going to be another crash in the next decade, in the 2020s at some point, there's likely to be a crash. You got to be prepared for that crash and ready for the crash. Don’t be mistaken, it's coming. It's about being ready for when it does come.  Scaling the rent to rent business should be a big part of your plan in 2020 so you can build cash flow to get ready and cash-rich for when the next crash comes because letting agents are struggling at the moment a lot across the country   In 2020, buy, refurbish, refinance or lease option, refurbish refinance or taking control of other people's properties, refurbishing them, refinancing them. Good opportunity to build, rent rental value that cash flow, but the lease option and the buy to refurbish refinance, that's about the long term legacy, the long term wealth.  You should have your businesses this year and be sure that your businesses are profitable and self-funding because you do not want to have a business where instead of it giving you money, you are the one who is getting into your pocket and getting it the money. Make sure that all your businesses are profitable.  How do you raise 5 million pounds in property? The key part of raising 5 million pounds is you need to be known, people need to know you exist, people need to know you do property.  In your plan, apart from just finding houses, you've got to have a plan of how you are going to attract and meet more people. What networking events are you attending? How often are you posting on social media? How many people are you contacting and speaking to every week? By doing this, you’ll attract more opportunities.  BEST MOMENTS  “If you don't ask you don't get.”  “There's going to be a lot of opportunities out there with Brexit, the uncertainty in the marketplace comes with a massive opportunity.”  “For your business to succeed, people need to know you exist.”  “There's no point in working hard and not getting to enjoy the fruits of your labour.”  “Make sure you find time for doing the things that you want to do in your life because you don’t know how long you got.”  “What’s the business and the money for, it’s for you and for the things that mean the most to you.”  VALUABLE RESOURCES  http://progressiveproperty.co.uk/   ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor and Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/   http://progressiveproperty.co.uk/
14/01/2018m 19s

Mark Homers 2020 Property Predictions!

Do you want 2020 to be your year in property? Do you want In today’s episode Progressive Property Co-founder, Commercial Conversion expert and best-selling Author, Mark Homer joins the show to bring you his 2020 Property Predictions. Tune in to the opportunities, threats and challenges 2020 will bring. Mark covers everything from BREXIT to interest rates and from property prices to supply and demand. It doesn’t matter if you’re a beginner and a pro, this episode is for you. KEY TAKEAWAYS   2020 Property Predictions Since 2016 we’ve had large central London price falls of up to 25-30% but Central London has now reached the bottom of the price falls and we may seem some growth in residential house prices in 2020 and beyond. The risk has come out of them and the future looks bright in those parts London. Since the election has happened there is a lot more certainty in the market and investors are more positive. Confidence will gradually lift through 2020 with a better Brexit negotiating stance. Looking at GDP and the purchasing managers index the UK is looking to head on an upward trajectory. Over the past 3 years, we’ve seen a sustained attack on residential landlords form the government with stamp duty increases, surcharges, section 24 and other issues putting a lot of landlords off buying properties. As a result, professional landlords have been buying the smaller properties accidental landlords have been selling meaning there is now less supply on the residential market. If there are less supply and demand remains the same you may see residential prices rise in 2020. If you’ve got the right strategy and you understand the regulations there is an opportunity to navigate the property market and purchase the properties smaller landlords are selling and make a profit. We’re not in a recession, GDP is increasing and we’re still growing but 2020 is not going to be a ‘bumper’ year with a lack of investment in the UK due to the political uncertainty. As a result, the Bank Of England needs to continue to generate demand and therefore interest rates are likely to remain flat and perhaps unchanged in 2020. Towards the end of 2020, we will see some the change in sentiment will start to reflect on the banks as we move into the ‘roaring twenties’ this could be a golden few years. The banks could become more aggressive, the yield curve has moved from invested to in-form and this all indicates that a recession is less likely and money markets will become freer. As a result, banks will lend at lower rates and higher loan to values. We could see 95% mortgages in buy-to-let, investment loans and development loans, just as we’ve seen with residential mortgages since the last recession.   BEST MOMENTS “Small one bed flat yields have been rising since the Brexit vote” “Since the election has happened there is a lot more certainty in the market and investors are more positive” “The property investing backdrop is looking more certain” “As we get closer to the Brexit deadline the media will ramp up the fear” “Section 21 could mean you could evict tenants for any reason” “There is lots of stuff reducing the supply of properties available to let and therefore residential prices may increase” “Focus like a laser one thing and become the best at it” “2020 could be very could for all bank lending”   VALUABLE RESOURCES   ABOUT THE HOST David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.   In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, and he enjoys empowering other landlords by sharing the knowledge he has gained.   The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.   CONTACT METHOD https://www.linkedin.com/in/david-siegler-7b126316/ https://www.facebook.com/DavidSieglerInvestments/  http://progressiveproperty.co.uk/   ABOUT THE GUEST Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.   CONTACT METHOD Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive
07/01/2022m 53s

7 Things You Need to Make 2020 Your Year

Want to make 2020 the year of financial freedom? Is it finally time for you to live the property investor life you’ve been dreaming of for years? Tune into today’s podcast where property expert Kevin McDonell shares his 7 top tips that will make 2020 your year! Today, Kevin shares some motivational advice that will help you achieve your full potential and turn you into the successor you’ve been dreaming of, so listen in today and make 2020 the best year yet. KEY TAKEAWAYS 7 things to make 2020 your year.   Mindset: mindset is key. Whatever it is you want to achieve, it all starts with belief. The starting point is believing in yourself and your success. If one person in your town can be successful in property then why can’t you? You don’t need to know everything to start, you just need to start and the rest will happen.   Knowledge: Once you have the mindset that you can do this, you need to make sure you have the right specialist knowledge. You need to have not just knowledge of a strategy, but knowledge of your area. You need to know about tax, systems, builders and letting agents. It is not only about acquiring this new-found knowledge but using it to move forward.   Time: You need to invest time into property in 2020. You need to prioritise your time. Try writing down everything you’re doing with your time over a 7 day period and you will find you’re wasting loads of time. If you can allocate 1 hour a day, 7 days a week you can move your business forward. Put the time into making your success and you can’t fail.   Money: You do need money to be involved in property however, It doesn’t have to be your money. Even if you’re doing a no money down deal, there is still invisible money involved such as the property value or borrowed money. You need to be able to access money from various sources when money is needed. Attend networking events, local, national or international events in order to grow your property business.   Clear Goals: Each year before the new year approaches, you should write down clear goals for where you want to take your business in the following year. You need to do this before you end up too far into the new year and direction is lost. Make sure your goals are clear and structures. Follow a 6 step concept with your goals: Smart Specific Measurable Achievable Realistic Time Bound Take some time to write out the clear goals that are specific to you, and implement them do the steps to make sure that you achieve them.   Willingness to accept rejection: There is not a single successful person on this planet that has not been rejected. Many people expect to get their first big deal and become a success within the first few months, it is not always that simple. Whilst it is a step by step simple process, it needs a lot of work. You need to be willing to understand that rejection is part of the journey, and it is part of the success. Do not let rejection stop you from moving forward. Accountability: Many people think that they are able to do property alone. The reality is, that you can’t. Get yourself a mentor and your results will completely change. You need to be working alongside and be accountable to someone who has walked that road before you, who tells you ‘you are not thinking big enough’ and ‘you can do this’. Somebody who gives you actions to take, otherwise life gets in the way. Prioritize your property journey as number 1. You need accountability from different places if you really want to get your business to where you want it to be.   BEST MOMENTS “You don’t need to see the whole staircase, you just need to take the first step” “Richard Branson has the same amount of time as us and he has over 400 companies he’s involved in” “Don’t try and run before you can walk” “You don’t need to be perfect to get started, but you do need to start to get perfect” “You’ve got to earn your stripes” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD   https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
31/12/1925m 36s

What to Look For When Doing Viewings

Thinking of investing in a property but not sure what red flags to look out for? Well look no further, in today's podcast property expert Kevin Mcdonell tells you the warning signs to look out for on your viewing to avoid those unwanted costs! He shares with you his essential checklist to take on every viewing which will get you the best property deal and maximize your profit! Don’t miss this exclusive advice which will help you reach your property inventing potential! KEY TAKEAWAYS When investing in property there are many things you need to, viewing the property, analysing the deal, etc. surround yourself with experts when it comes to the building work. They will understand how to break down the costings of specifics.   It may not be possible to bring a builder with you on your first viewing. View The property by yourself first, and if it is a property you wish to proceed with then take an expert with you on your second viewing. They will be able to tell you about things that you may have overlooked or not thought about on your first viewing but they are important things for you to know.   Tradesmen work on problem properties each day. Having them as part of your power team allows then to identify problems before you go ahead with the deal and save you a significant amount of time and money.   Where to start when viewing a property for the first time? Park away from the property, down the street and analyze the type of area your potential property is in, allowing you to think about who your possible future tenant would be. Cross the road to take in a full view of your property, look outside for any potential structural issues with the property, as well as specifically comparing the roof of the property you are viewing with the other properties along the street. Walk around the perimeter of the property paying particular attention to the brickwork and any potential issues of damp. Enter into the property and in each room, you go into you will need to look at the ceiling, the floor, and all four walls. Look out for any red flags such as damp, loose floorboards, and plastering problems. A good idea would be to purchase a damp meter to take along to viewings. If you do encounter some current or rising damp during your viewing, a good idea is to get a builder to come along for your next viewing to give you a quote on what this could cost you in the future. Have a look around each wall of the property, keeping an eye out for cracks in the walls. You will almost always encounter some hairline cracks, but you are looking for larger cracks meaning you could have some structural issues. Take note of the doors in the property, do they close properly? Open and close each door to make sure it closes and latches properly. Take a look at the windows. Are the double or single glazed? Are there signs that they may be slightly dated? What material are they? Coming to the bathroom. Make sure you run the water (also do this with the kitchen), check the pressure and the temperature. Looking at the boiler is critical, how do I know if it’s a good boiler? Take a picture of it and show it to your gas engineer. It is also recommended to look at the installation date. Typically, a boiler fitted within 7 years will be fine. Look for signs of service stickers. It's critical to look at the consumer unit. Consumer units are a few hundred pounds but legally, you have to have a metal box consumer unit. If you see a plastic one, this will need changing before your future tenant moved in. This is an additional cost. Take a look at the plug sockets, are they up to date or will they need rewiring? Take a look at some more general stuff in the property such as the garden, rivers/flood risk area? A good idea on your viewing is to bring a checklist of all the above, removing the risk of forgetting something critical which could cost you money in the future. If you think this is a property that you may want to buy, bring your builder along with you for your second viewing to eliminate any doubts, or to give you a price for the repair work. On your third viewing, finalise everything and get your offer in!   BEST MOMENTS “ A good idea would be to purchase a damp meter to take along to viewings.” “Take a video for yourself, so you can have a look back in your own time and identify things that maybe you missed!” “Tradesmen work on problem properties each day. Having them as part of your power team allows then to identify problems before you go ahead with the deal and save you a significant amount of money.”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD   https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
24/12/1922m 24s

No Money Down In a Nut Shell

Listen in and learn the expert tools to No Money Down investing success. Kevin covers 5 of the key No Money Down strategies from Lease Options to Vendor Finances and Assisted Sales To Rent2Own. If you’re looking to fast-track your property investing knowledge, discover the fundamentals to some of the UK’s most creative property tools and techniques, this is the episode for you.     KEY TAKEAWAYS    No Money Down Investing Tools  Lease Options - This is where you would pay a small consideration upfront to secure a contract that agrees on the purchase price today but is paid for over a period of time. This is similar to the model of car leasing except that your asset appreciates in value over time and you can add forced value over time by renovating the property. This tool allows you to make a profit from day one by renting out the property to cover your mortgage/payment costs.     Vendor Finance - The easiest person to joint-venture with is the vendor of the property you’re looking to purchase. It’s a simple tool that avoids fees and the need for you to save expensive 25% deposits. Let the vendor be your bank, service their debt and take over their mortgage. This model works as you’re cutting out the bank, paying the vendor directly and it allows you to purchase properties BMV. Both you and the vendor are making a profit.     Assisted Sales - Why buy a house that you’re planning on selling 6-9 months later? There are a lot of costs involved when purchasing an investment property such as stamp duty, legal fees, capital gains etc. This tool is a joint-venture with the homeowner where you will agree with the property owner to delay the sale of their property, allow you to renovate the house and add value and then split the profits when its sold.    Planning Gain - Use a lease option to secure a property subject to planning permission and then apply for planning permission. If you don’t get the planning you don’t by the land, if you do get the planning you go ahead and purchase the property and it’s risk-free. This is an example of using two No money down tools together.    Rent2Own - This tool utilises tenant-buyers whereby you move a tenant into the property and agree a purchase price. This price is lower than what you’ve purchased the property for and locks in your profit. The tenant-buyer then pays you a monthly rent and is also able to save up their deposit to purchase the property off of you in the future. This is renting in a non-traditional way whereby you’re acting as the bank for the tenant and helping them to get onto the property ladder.     Notes  Kevin started investing in property in 2003 and made a lot of mistakes costing a lot of money. In 2013 Kevin joined progressive and in debt from his previous property dealings he had to get creative, and that meant investing in property no money down.     No money down means investing with none of your own money and potentially using joint-ventures to fund your property investments. However, the strategy of No Money Down encompasses much more than just simple property investment, it covers tools such as lease options, assisted sales, exchange-delay completions, Rent2Rent, Rent2Own or vendor finance.     The common problem with all property investors is they know what they want to do, they know the strategy they want to implement and the type of property they want to invest in, what stops them is they simply do not have the funds to invest.     Working full-time and saving up deposits is simply too slow. If you’re saving 20/25% to purchase a property over 5 years and every 5 years you’re able to invest in another property you’re only going to end up with 4 properties over 20 years. The method is just too slow and you’ll run out of life, so you need to get creative.    BEST MOMENTS  “You can purchase a property for a pound”   “Vendor finance is a massive opportunity to get No Money Down deals and BMV”  “I see the amateur investor all of the time, they’re trying to get deals at 20-25% BMV”  “To be a professional investor you need to be creative, you can’t only have one investment strategy”    VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767     ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.      CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
17/12/1921m 52s

How to Find Your Perfect Tenant

Do you want to rent your property out privately but don’t know where to begin? Are you scared about having a nightmare tenant?  Join us today as property expert Kevin shares his tips and tricks to finding that perfect tenant for your property. Kevin takes us through the common mistakes and shortfalls made by landlords as well as sharing his expert advice on how to protect yourself and your property, as well as how to create the perfect listing which is sure to attract your ideal tenant! Tune in now to find out more!   KEY TAKEAWAYS  Things to be aware of to not give your property to someone who could cause you problems. What are some mistakes people make when looking for their own tenants?   Only rely on referencing. If you only rely on referencing this could cause problems. They pass referencing checks but are not actually good tenants. The reason they pass referencing checks is that their previous landlord did not take legal action against them for issues such as owing money etc. The reason a landlord wouldn't take legal action on a bad tenant is that their main focus is to get rid of the tenant and get their property back. Taking a tenant to court is also a huge cost to the landlord, with no guarantee of ever getting their unpaid rent back.     What should you do to find the very best tenants?  It all starts with the listing of the property, make sure you have very good photographs. The good quality pictures will sell the need for somebody to want to view the property. As well as the pictures, the text really matters as well. Highlight the best features of your property such as “recently decorated” “lots of storage space” “fully furnished” etc, as well as including when the property will be available from and local amenities.   If you already have the perfect tenant in mind then portray that tenant in your listing.   Finally, you must always include a copy of the energy performance certificate as this is now legality of any listing.     Where do i put my advert?  If it is a room let advert, then the best place to advertise is Spareroom.com, as well as using OpenRent, Zoopla or Rightmove.   Another great way to get a better quality tenant is by asking for recommendations from your current tenants!     After all of this, how do I pick my Tennant?   Referencing should not be your only source, there are still other things you can do to help you find your perfect tenants. Speak to their previous landlord (not their current) they should give you an honest appraisal of what that Tennant was like.   Another way of doing your own research is by searching their social media accounts. This gives a potential insight into the way that they may treat your property.   Another bit of advice is to always rely on your gut feeling. Ask potential tenants lots of questions and get to know them. Everything may add up on paper but if your instinct is telling you to avoid them, then listen to it!  As well as this, bank statements are a good indication about whether or not this is the tenant for you. Get them to give you a copy of their bank statements from the last 6 months, whereby you can clearly see the rent being paid in their previous accommodation on time.  Always get a guarantor that is in a better financial situation than your potential tenant, so that you know if your tenant is not in a position to pay the rent, their guarantor will.   Taking deposits from tenants is a good way to protect yourself should there be any damages made to the property. In shared accommodation where damage could occur in communal areas and working out which tenants deposit to deduct the costs from, a good idea would be to scrap the deposit and up the rental value by a small amount each month, keeping this little bit extra aside each month to cover any costs that may have occurred over the duration of the agreement.     BEST MOMENTS  “If you only rely on referencing..this could cause problems!”  “If you have the perfect tenant in mind, then portray that in your listing”   “Always, always rely on your gut feeling!”   “Speak to their previous landlord, they should give you an honest appraisal of what the tenant was like”     VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767   https://www.youtube.com/watch?v=o8TZdualhcw   https://robmoore.com/   ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD    https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
10/12/1923m 53s

Landlords, Who do You Vote For?

Mark Homer and Thom Luter deep dive into the Labour and Conservative party's general election manifestos with a focus on landlords' and property investors' best interests.  Mark shares his opinions on each party's plans for the future related to all things property, and chooses his best and worst points for landlords and investors from each of the competing promises.  KEY TAKEAWAYS For landlords, the question of “Who do I vote for?” in the general election on December 12th may well be decided by the types of properties in their portfolio, and the types of tenants they are happy with. For instance, landlords happy to take in LHA tenants may find favour in Labour’s plans. Both Labour and the Conservative parties, are proposing, in their political manifestos, to do away with Section 21, which is the ruling that allows a landlord to evict a tenant simply because they want to. The Section 8 rule, the provision within the legislation that can be used to remove a tenant for non-payment or for misusing the property, unfortunately has no teeth, and be misquoted in order to allow the tenant to stay on. Section 21 offers an alternative route for a landlord wishing to remove tenants in these cases. Boris Johnson and the Conservatives wish to amplify the powers of Section 8, going forward, which should remove the need for the “Plan B’ of Section 21. In terms of manifesto similarities between Labour and the Conservatives, are the following: Both parties wish to increase stamp duty for foreign investors by 3% on the existing 3% surcharge. Banning leasehold houses Plans to build hundreds of thousands of new homes Improving social housing Create more carbon-friendly homes As for the plans to build more homes in the UK, Mark Homer believes that Boris Johnson is more than likely not telling the truth on this, and that Jeremy Corbyn will be the one to actually see to it that houses are built.     If the carbon-friendly homes pledge is supported by funding from the government, then it will undoubtedly be beneficial. But if all homes, including older properties, are suddenly expected to be rated A, then landlords may find themselves suddenly facing huge bills. This will lead to a distinct lack of opportunities for investors, and a drought in the rental market. Labour want to bring in rent controls. Mark hopes this will be on a city-by-city basis, as in the Berlin model. By capping rents across the board, there will be a severe drop in the supply of rental property, leading to a decline in standards.   The Conservatives have pledged to keep the Right To Buy initiative, whereas Labour have pledged to abolish it, in the hopes that councils will be able to develop a stable of properties for the purpose of housing those who need it. The vote on the 12th December may be swung in the minds of landlords by the Conservatives’ pledge to withhold benefits, including housing benefits, from any non-UK residents for the five years. Labour are opposed to this, and will make direct payments to landlords on the tenants’ behalf. Under the current Conservative ruling, landlords are responsible for making sure that their tenants have the proper immigration status. Labour want to make this a local council issue, something Progressive Property co-founder, Mark Homer agrees with. As he puts it, “We’re not Border Force” In Mark’s opinion, the Conservative manifesto’s best point is forcing local councils to use developer contributions to build more houses locally. The worst point is removing Section 21, but this is dependent on what they end up doing to add heft to Section 8. In Labour’s manifesto, Mark names rent controls as the worst point. The reinvigoration of LHA, and the providing of direct payments to landlords, is the strongest point. BEST MOMENTS ’Take away Section 21 and there’s got to be a good replacement for it’ ’They believe in a freewheeling economy’ ’This goes back to Karl Marx and communism’ ‘Chairman Mao’s little red book isn’t too relevant in 2019, in my opinion’ ‘I can see why they would ideologically go down this road’ ‘You’re not giving people the chance to advance their financial literacy’ ‘It’s ridiculous. We’re not border force’   LINKS You can download a copy of each official Manifesto here:  Labour: https://labour.org.uk/manifesto/ Conservative: https://vote.conservatives.com/our-plan CONTACT METHOD MARK HOMER Markhomer@progressiveproperty.co.uk https://www.linkedin.com/in/markhomer1 https://www.facebook.com/markprogressive https://twitter.com/markprogressive Mark My Words Podcast   Want more exciting content from Progressive Property?  Subscribe to our channel: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g?view_as=subscriber%3Fsub_confirmation%3D1  Join the community on Facebook: https://www.facebook.com/groups/progressivepropertycommunity/  Like the Facebook page: https://www.facebook.com/groups/progressivepropertycommunity/  Follow us on Instagram: @progressiveproperty  Visit the website: https://www.progressiveproperty.co.uk/   ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD    https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
03/12/1922m 18s

SPECIAL ANNOUNCEMENT: Mental Health Awareness & Black Friday Update

Important Black Friday Update Last year I said we weren’t going to do any black Friday offers, but I believe we’ve created something really special here. I feel this is something we have to do, especially as it is something that hits close to home... This year we’re donating 5% of all proceeds to the “Mind” charity AND we are matching that to double the donation to 10% (we hope to raise over £20k for the ‘Mind’ charity for mental health). Stop blaming others around you, stop feeling sorry for yourself and do something to change your life in a positive way... Here’s how it works: 1. (Only) on Black Friday, you can make me an offer (via private message not in the group) to our best property, business & personal development courses. We have a very special new bonus for each course, many brand new, but only for the first SIX successful bids per course.  2. I will accept or reject the offer (I reserve the right to not reply to silly office as sometimes we get 500 offers in a day) 3. Only courses (not masterminds or mentorships) can be offered on & only available for Black Friday (you’ll need to pay on the day) Many of these courses can be purchased at more than a 60% discount from the office price. I’ve had a lot but I won’t be accepting any offers until I officially open the Black Friday special offer VALUABLE RESOURCES BLACK FRIDAY LINK: bit.ly/disruptivefriday https://robmoore.com/ bit.ly/Robsupporter ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”  “If you don't risk anything, you risk everything”  CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979
28/11/197m 57s

Thinking About The Bigger Picture; With Mark Homer & Peter Jones!

In todays podcast, Kevin gets you behind the scenes and listen in to two experienced property investors discuss; the property market, their current deals and developments, planning permission and proven property strategies working right now in today’s market. Get listening to hear Marks in-depth discussion with Chattered Surveyor, Serial Property Investor & Master Class Trainer, Peter Jones.  KEY TAKEAWAYS  Mark: How have you been growing your portfolio?  Peter: Traditionally I’ve been investing in the North East but more recently I’ve purchased a plot of land which we were planning to build 5 terraced housing but due to some issues with planning that have taken over 2 ½ years to go through we have finally been settled on 3 bungalows with actually will generate us the same amount of profit and are cheaper to build so currently we’re now applying to remove the conditions and should have the foundations in before Christmas. The goal now is to have 2 or 3 projects running at the same time because of how long planning can take to go through.     Mark: What investments have you been doing?  Peter: As you know I owned one flat in a block of fourteen and it was a disaster, all fourteen were rented out and none of the owners could agree and it the whole block started to deteriorate so I was planning to sell. But in the end, I managed to get acquire four more flats and convince the other owners to secure the plot with a fence and make the area a lot nicer. Additionally to this, I have also been investing with my son-in-law in properties around Nottingham, mainly single-lets following the BRRR model.       BEST MOMENTS“The whole planning system is a game and you just need to know more ways round”  “More recently it’s taken me over 18 months to get planning consent”   “The goal now is to have 2 or 3 projects running at the same time because of how long planning can take to go through”  “Capital values have been rising in certain areas and the Midlands and the North are still playing catch-up to London price rises”  “The property market is like a rollercoaster and property prices follow a ripple effect”    VALUABLE RESOURCES  ABOUT THE HOST  Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.   CONTACT METHOD  Email: Markhomer@progressiveproperty.co.uk   LinkedIn: https://www.linkedin.com/in/markhomer1   Facebook: https://www.facebook.com/markprogressive   Twitter: https://twitter.com/markprogressive   ABOUT THE GUEST  Peter Jones is a Chartered Surveyor, an author and a serial buy to let property investor. He has been involved in property for over 30 years having graduated from the College of Estate Management, Reading University, and then qualifying as an Associate Member of the Royal Institution of Chartered Surveyors in 1983, before being elected a Fellow in 1992.  By the age of 35, he was a Salaried Partner in a well-respected firm of Chartered Surveyors and was managing partner of their West End of London Office. His speciality was commercial property but during the recession of the 1990s his specialisation became redundant, and so did he  CONTACT METHOD  http://www.thepropertyteacher.co.uk/  ThePropertyTeacher@gmail.com
26/11/1949m 21s

Babysitting, Rent2Rent & The Art of Negotiaion!

Jump in and hear live questions from the UK’s largest property community. Kevin resumes his Q & A with Keiran Kevan. Listen in as they dive into lease options, Rent2Rent strategies and the art of negotiation. Discover valuable insights from property investors of all levels of experience and hear the real life deals investors are making right now to secure NMD, Rent2Rent properties below market value and with great potential for profits.    KEY TAKEAWAYS  In negotiations, you must walk away at least once. Most people get emotionally involved in a deal that they grab the keys no matter what, spend more and end up losing money.   Babysitting is a term used in property when you’re looking after somebody’s mortgage as part of a lease option agreement. A lease option means that you’re contractually and legally bound to pay that mortgage, the title deed is still in the vendor’s name and you remain responsible for taking care of homes maintenance.   If you invest in rent2rent you will not benefit from the capital growth of the property, however, if it’s a lease option that you absolutely will as you agree to purchase the property and will gain from any capital growth in the property.   Rent2Rent is a strategy that can be utilised on both HMO, SA and Single-lets. All Rent2Rent does is replace the word buy with rent. It’s a strategy that can be used with a variety of properties but you need to make sure you’re using it on the right ones. The sweet spot is a 4-bed home that can be converted into a 'HMO' which will generate higher rents and will cost the same as a 2 or 3 bed. Rent2Rent needs to fit the property that you’ve secured.  Don’t focus on one strategy and only look for properties that fit your certain strategy. What you need to do is fit properties that you can secure BMV or with lease options and then fit the right tool/strategy with the property. For a 1 or 2 bed, this might be a sing-let, for a 2 or 3 bed it may be a Serviced Accommodation depending on the area and for 4 beds and more a 'HMO' strategy might fit. You need to be flexible with your strategies to make the most profit. New council tax regulations are forcing investors to add a break in Rent2Rent contracts stating that if the council tax band in the properties area changes the landlord will be responsible for additional council tax charges past one room.     BEST MOMENTS  “Always stick to your guns”  “You cannot cut your own throat to secure a deal”    VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767    ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.      CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
19/11/1918m 9s

Best Money Making Strategies in Property

Jump in and learn the top three strategies for making money through property, discover how to get started without any money and which the tools, strategies and techniques to use to replace your income through creative property investment and become a full-time investor. Find out how to use the 70,20,10 model to your advantage and begin investing in your local area right away.     KEY TAKEAWAYS  The top three strategies will depend on your area and what part of the country you’re investing in. However, there are a variety of good strategies you can get started with such as single lets, serviced accommodation, Buy-to-flip, commercial conversion and HMO, although you will need tools like Rent2Rent and lease options to achieve these strategies, that’s how you can be creative and begin investing without any money or if you’re in debt.   Picking the right strategy for you also depends on your goals and what you’re looking to get out of property. If you’re looking for a cash flow strategy, long-term retirement investments or simply big pots of cash you’ll need to big the right strategy to most effectively achieve those goals. Pick the strategy that works in your area and then the tool to make that strategy work because if your plan is to buy property and rent them out it will not work, you’ll run out of money before you have enough houses generating a substantial monthly income. Property investments are not bought by saving up and buying houses, there’s not enough time so you need to get creative. Rent-to-Rent is the quickest way to get started in property, it’s the fastest way to achieve success and to build your property portfolio. Aim to set the initial goal to replace your income   Lease options are a creative No Money Down investment strategy but do not attempt a lease option without any training. A lease option means you will have two contracts, one to buy the property and one to manage the property along with a consent to let. You will not be buying the property yet so there is no need to get a mortgage all you have done is agree to buy the property from the owner. Lease options are a great way of investing in property when you don’t have any money. A lease option is not a strategy but a tool you can use to deliver a strategy, for example using a lease option to obtain and own a single-let.     BEST MOMENTS  “Getting the knowledge to invest is easy, it’s when you don’t have the cash that you need to get creative.”  “Don’t try and do something along, at least try and get some experience”  “When I first started getting into property I was in debt and my first property was a Rent-to-HMO. I owned and lived in the property and rented out the other rooms which covered the cost of the mortgage and outgoings.”  “Manage your property strategies using the 70,20,10 model. You need to test different strategies for your area until you find what works and upscale.”    VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767     ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.      CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
12/11/1928m 57s

24HR NO MONEY DOWN CHALLENGE: Kevin's Review

In today's episode, Kevin reviews his recent No Money Down 24 Hour Challenge. Listen in today to hear his personal insights and behind the scenes exclusives from that day. Gain insights and essential information which will guarantee you to secure a No Money Down Deal in no time! See what property expert Kevin did to secure viewings, leads and funding to ensure he made not one, but TWO no money down deals in under 24 hours!   KEY TAKEAWAYS  The challenge began at 6 am where Kevin quickly learned that the 24-hour challenge would not be a “24-hour challenge” as such. With estate agencies typically closing their doors at 6pm his 24-hour window just halved into a 12-hour challenge.   The next thing Kevin discovered about this challenge is that it would not be taking place in his local area, an area of which he is extremely familiar with when it comes to property knowledge.  He soon learned the challenge would be taking place in Norwich, a town he had no prior knowledge of.  Kevin made the quick-thinking decision to ask another member of the team to drive him there so that he could utilize the long journey to do some research on the area and hopefully find some leads.   Kevin used various different social media platforms such as Facebook, Gumtree and Spare Room in order to increase the percentage of an investment. These social media sites often have vendors advertising their properties, which enables direct to vendor viewings and deals.   Direct to vendor deals are desirable to both parties since they cut out the agency fees.   After making several phone calls, Kevin made contact with two agencies whereby assisted sales could be an option. Whilst both of these avenues led to positive roads, the time restraint meant that no money down deal would not be possible due to the landlord’s schedules. Really positive agent, but not quick enough to get a deal done in a day.  Kevin then had a viewing with an agency. This viewing did not go well at all. The reason being, that Kevin was unable to answer the agents questions when it came to his local knowledge. Had he had a longer time frame to do his research, Kevin would have been able to answer the vendor’s simple questions and build a trusting rapport with the agent.   This shows the importance of having up to date knowledge on your area, make sure you research and no your goldmine area inside out.   One of the biggest challenges was just getting viewing. Kevin rang numerous agencies and enquired about making viewings, but kept getting rejected. He rang over ten agents and kept getting told NO.   This did not make Kevin quit the challenge however and he still continued to chase leads and call more and more agents.   Do not let rejections let you quit. Rejection is part of the process. Keep chasing because these will eventually lead to deals.  During the drive to Norwich, Kevin placed online adverts for tenant buyers. Within two hours of this advert being placed, he had already sparked interest and received leads and possible funding.   Kevin made the decision to sit in a cafe and call different leads he had received as well as estate agents to see if they could assist him. Once again, Kevin's advances for no money down deals were met with rejection. Although the agents weren’t necessarily saying no to working with him they were saying no to arranging viewings at such short notice.  The day went from bad to worse when Kevins Spare Room account got shut down. This was because he had sent messages to around 50 landlords via the sites messaging service all saying the same thing. This was again, due to the short time constrictions.   In reality, it is not a good idea to use the sites messaging service, it is recommended to phone the landlords directly, or arrange viewings to speak with them face to face.   Finally, 12 minutes to 5 in the evening, a deal came through. A developer had 13 apartments not sold and was willing to do a deal with Kevin for guaranteed rent.   This came about by calling over 100 people, agents, vendors and advertisers, showing the more people you call the more you increase your risk of getting a deal.  After this, more and more calls were coming in and Kevin went to more viewings. One of which, the vendor was willing to complete a deal however Kevin declined this deal since it did not feel right. Do not so any property deal, do one that is right for you.   Finally, a second deal came through, again thanks to Kevin's persistence in contacting valuable leads as well as his social media presence. This agent and the landlord agreed to a long term lease with the option to buy.  If you do the right things in the right order for long enough you cannot avoid getting a deal.   Had there been a longer period of time for Kevin to prepare for this challenge, more emphasis would have been placed on both types of research into the area as well as additional marketing such as leafleting.  The key to Kevin completing this difficult challenge was chasing so many leads and making contact with as many people as possible. Do not get disheartened by rejection as eventually, you will make a deal.     BEST MOMENTS  ”After meeting with the second agent I felt very confident, I felt like they would reach a deal in no time at all, I would be out of there by lunch.”  “Within two hours of placing this advert, I had already received leads and funding.”  “Finally, with 12 minutes to 5 in the evening, an agent gets back to me with a deal”  “Later on during the day, I was receiving all sorts of calls from Tennant buyers and had around £10,000 worth of funding from tenant buyers”  “If you do the right things in the right order for long enough you cannot avoid getting a deal.”     VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767   https://www.youtube.com/watch?v=o8TZdualhcw   https://robmoore.com/   ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
05/11/1941m 23s

Khadija Kalifa: Apprentice Finalist, Business Coach & Mumpreneur

Kevin joins forces with Business & Lifestyle Coach, Mumpreneur & BBC Apprentice Finalist, Khadija Kalifa to discuss their journeys to success. Kevin and Khadija dive into their humble beginnings and share learnings from how they got started in business and in property. Learn key lessons on how to start, grow and scale your property business and why starting out with nothing and getting creative and lead to huge opportunity.   KEY TAKEAWAYS You need to just get out there and immerse yourself in the property world. Make sure you attend events, read books and listen to podcasts in order to educate yourself. Starting out in property is just like starting out a new job, you need to listen, learn and watch what’s going on and follow those that have done it before you. Most importantly, you need to get out there and meet people, find joint venture partners and opportunities for property investing. Don’t listen to BREXIT no one knows what’s going to happen there is a lot of uncertainty, but one thing is certain, people are always going to need properties and houses to live in. The population of the UK is growing every year and each year we do not have enough housing accommodation. In order to be successful, you need to surround yourself with mentors, coaches, peers and like-minded people. Fill your room with a power team of people that can help push you forward. Surround yourself with people who are smarter than you. You can’t learn everything so leverage others knowledge and expertise. Lots of investors are selling properties due section 24 and new taxations on mortgages why? Because investors own properties in their own names. This provides you with an opportunity to purchase properties at a lower value as part of a limited company.    BEST MOMENTS Kevin “I got lucky that I lost so much money it became physically impossible to just get a job and get out of debt” Kevin  “I learnt No Money Down property strategies because I had no money, I had to get creative” Kevin  “Comfort is more dangerous than debt” Khadija “My business is called Opal & Pearl after mine and my daughter’s birthstones” Khadija “It took me 3 years to reach 35 employees” Khadija  “It’s better to get a project done than to wait for it to be perfect” Khadija I started a cleaning business without knowing anything about cleaning, I just Googled it” Kevin “While others are fearful you need to be greedy” VALUABLE RESOURCES  https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767  https://www.youtube.com/watch?v=o8TZdualhcw  https://robmoore.com/    ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/   ABOUT THE GUEST BBC Apprentice finalist and busy Mumpreneur, Khadija is on a mission to build an empire whilst raising two children, inspiring others to make their passion their profession. Khadija speaks openly about how she grew up in an underprivileged area, turned her daughter’s birth trauma into a motivational story, and became a BBC Apprentice finalist, successful business mentor, motivational speaker, property investor and podcast host.   CONTACT METHOD Www.keepitrealwithkhadija.com Www.facebook.com/keepitrealwithkhadija Email: keepitrealwithkhadija@gmail.com / info@keepitrealwithkhadija.com Khadija Kalifa Instagram Khadija Kalifa Twitter
29/10/1956m 37s

Kevin Whelan: How to Use Your Pension to Invest in Property!

‘It’s not for everybody it’s for entrepreneurs – people who are willing to take responsibility for the money that they’ve accumulated in the past. They turn their pension  into a business’ Following a massively successful live event at Progressive, Kevin McDonald and Kevin Whelan from Wealth Builders have moved straight into the studio to share on the Progressive Property Facebook page and the Progressive Property Podcast how a SSAS can give you the freedom and flexibility to make decisions for yourself in order to grow the investments you chose to invest in. Most people in the UK have some sort of pension and in this episode, you can find out how to grow your pension using a SSAS, it’s a powerful thing, listen in and find out why and how.   KEY TAKEAWAYS Small - Up to eleven people this means more leverage Self-Administered - You are making your own decisions about where you want to invest your money providing it is within HMRC rules. Scheme  - Another word for pension, in law scheme, means pension. SSAS - Small Self-Administered Scheme is a pension scheme that is run by business owners to make decisions for themselves in order to grow that as large as they care to in investments that they chose to invest in for themselves subject to some basic rules Rules There are only 2 things you can’t do -       buy personal assets such as a car, anything you get a personal gain from. -        buy habitable residential property – you can’t buy something you could live in yourself such as the home you live in or the typical buy to let property.   There are 2 types of property - Habitable residential property and exempt residential property. Properties which are exempt include guest houses, hotels, pubs and student halls of residence. ‘B’ for the buying strategy You use your pension itself to directly buy assets and if you buy it with the pension, the pension grows, because the rental money is within the pension while it’s growing its income tax-free, corporation tax-free capital gains tax and inheritance tax-free ‘B’ for the borrowing strategy  up to half of the pension can be loaned to the company to help the business making it outside of the pension. For people who want to grow their wealth outside of their pension, their pension can help them to do that also. ‘B’ for  the bridge strategy You could be a property investor but borrow money from other people and if you have a SSAS of your own you can lend money to other people as a bridge strategy. Bridging money is money going away from you the borrowing strategy is money coming back to you. Whenever you are investing money there are 2 important things – if you need advice get good advice and make sure you do due diligence. A SSAS is a potential way of combining disenfranchised and forgotten pension pots. It’s been mostly the domain of companies previously but following the introduction of section 24 ( the new law where if you own property in your personal name by 2021 the entire amount of rentable income will be taxed), there has been a tidal way of SSAS pensions from people who are property wise. SIP and SSAS? SIPP is a Self-Invested Personal Pension. It’s one person not up to 11 people, a SIPP is a product it’s not a business. You buy a SIPP of the shelf and it’s the professional who is the trustee so you have to go with what they allow you to do. Anything you want to do in a SIPP can be done in an SSAS plus more. Only a SSAS gives you the freedom and flexibility to make the decisions that you would want to make.    BEST MOMENTS ‘This whole tidal wave of SSAS pensions is coming from people who are property wise’ ‘20 billion pounds in pensions is just laying around forgotten’ ‘When you bring in your children as trustees you can teach them, educating them on finance and property’   VALUABLE RESOURCES  No Money Down Property Investing book by Kevin McDonnell  https://www.facebook.com/groups/progressivepropertycommunity/ hello@wealthbuilders.co.uk    ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD  Kevin McDonnell Facebook  Kevin McDonnell website
21/10/1936m 41s

Mark Homer: How to Scale Up Your Property Business

DESCRIPTION  In this episode of the Progressive Property Podcast, learn how Progressive co-founder Mark Homer started and grew his own property business, Progressive Property. From his bedroom alone buying single-lets to a company who has now more than tens of thousands of members, Mark’s journey is something to hear about.  Just like other businesses, Mark and his partner Rob Moore face challenges. Unforeseen encounters are likely to happen no matter what preparations you put in place. Learning, re-evaluating, and tweaking the system when necessary can make the tasks and processes run as smoothly as possible. Progressive Property grew before our own eyes and is now one of the established property investment companies in the UK. Learn more today how they did it so you can do it also, even on your own, when you listen in.   KEY TAKEAWAYS  How important are systems and processes in a property business? It’s difficult to find the best model that will work for your business. So, at the beginning, it’s advisable not to overthink about this—just go with it and you’ll see what the perfect system is for your business as you go along.  Should you own your investment property personally or via a limited company? Mark says to be careful of the high taxes that will be incurred. Consider how small or how big your portfolio is before deciding what’s suited for you. It’s best to ask your accountant or financial adviser.  It’s the planning consultant you approach first, not your architect. You can get more units, prevent inflated prices, and have more interested vendors when the design, which can become inflexible or inefficient for some, is already placed.  Tips on finding the right builder:  Go around the site, look for buildings of the same standards you want, then ask who the builder is.   Take lots of pictures that you can show the project manager.  What are the core things you need to consider when you build systems in a property business?  Establish good relationships (partnerships, teamwork, customer service, etc.)  Be flexible.  Testing in different environments.   Who inspires your business in a daily basis? Warren Buffet and Charlie Munger  BEST MOMENTS    "You need to find the right person for the job.”  “Test them for 3-6 months working with them reasonably to see how your personalities fit.”  “There is a risk in responsibility.”  VALUABLE RESOURCES  Progressive Property  HMRC - https://www.gov.uk/government/organisations/hm-revenue-customs  ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
14/10/191h 9m

Ask me Anything on Property, Commercial, Serviced Accommodation & Rising Finance

Kevin answers burning questions from the Progressive Property Community in a Live Q&A. Discover how to secure commercial development, the most effective way to rent out your SA units and how to structure your very first JV partnership. Tune in today to hear the expert answers. KEY TAKEAWAYS Kevin offers his knowledge to the public in a facebook live, here's the questions he was asked. Q: What is the best way to go about securing commercial development funding?   A: The best way to secure commercial development funding, and avoid risk is to do joint venture (JV).  On a commercial funding you can possibly borrow up to 60-70% of the purchase price and then borrow up to 100% of the development money. The challenge is finding the 30-40 percent deposit. Often the money is already tied within the building. A good idea is entering into a joint venture with the building owner. This way you could work together with the owner and not have to put in any of your own money. You would then approach a development lender who would lend you 100% of the development against the building, allowing you to do the development together. This could allow you to make a profit without putting in any money. You could also try actively searching for commercial developers or joint venture investors on social media platforms. A key bit of advice is don’t find the deal before having the money ready!   Q: I’m thinking of rent to SA (serviced accommodation) in flats most seem to be leasehold in your experience is there any success with agreeing this with the leaseholder?   A: Most people when they are doing rent to SA (serviced accommodation) think to do it on flats. However, please remember not to rule out other options such as, semi detached houses, terraced houses and larger properties. However, if you are doing them on a flat your challenge is getting permission. Whilst you may gain permission from the letting agent, and then from the landlord. You need to ensure you also get permission from the freeholder if the property has one. These are the people that can have the final say on whether or not they are allowed in that particular building. They may simply give you permission, or they may give you permission with some terms and conditions such as a yearly fee. Alternative options, are houses that have been split up into separate flats or rooms, as they do not have a freeholder, the lease usually does not mention not being able to short term lease the property.   Q: I am looking to buy a business we are thinking about asking the vendor to finance us in some capacity. How do we broach this subject with them? Would putting the business into a limited company and them having shares be a good option?   A: Yes, that is one good way of doing it. You could get the person to leave some shares in their company, so they keep their shares and then pay them out at a later date. A good idea would be to find out what the seller is going to do with the money they will earn from the sale of their business. If they have no plans other than to place it in the bank then you could suggest they leave the money in the business and you come to some agreement with what they will gain from that. Perhaps they keep a large portion of the money in the company, and you give them monthly interest on their money and then a balloon payment of the remainder in a few years time.  This option,  along with having the seller keep some shares in their company are the best legal options.   Q: How do you approach a JV partnership when looking for JV partner with money? How do you the partnership and the structure the contact? I am starting out and I am looking for partners with the cash, what are the next steps?   A: Some key advice here, is to go after investors with larger money to spend, The key fact here is not to pedestalize the investors money. Investors with large amounts of money to lend to you will end up pedestalizing their time and not their money. If you keep the focus on how much you need their money, you run the risk of coming across as desperate and this could deter potential investors. They are investing in you as a person and not just a developer. Show them you have the knowledge and credibility to be able to turn their investment into a profit by showing them how committed and trustworthy. Your job should be focusing on showing them how they can save a huge amount of time by investing with you, show them your skill set and everything you have to offer for them.   Secondly, do what is best for your investor. Ask them “what is most important to you with working with me?” If you’re able to solve the answer to that question, then they will want to work with you. Tailor your expertise to what they want to do with their money. If the client would like you to focus on HMO (house of multiple occupancy) for example, then keep that as your main focus.   Q: What is the best no money down strategy to start with?   A: The best no money down strategy should be marketing. You cannot do anything, unless you are marketing yourself and have people contacting you with leads that will potentially turn into a deal. When you pick up these deals, it is then about using the right no money down tool to make the right decision on the use for that building and securing the profit for that building.    Q: What are your top tips for finding your goldmine area please?   A: Your goldmine area, is where you live. People I meet that don’t succeed in property always think the grass is greener somewhere else, they try to succeed in parts of the country they do not know enough about. They end up travelling up and down the country to find another area. The whole point of being in business for yourself is to get your time back and stop living someone else's dream. Spending time up and down the country looking for other property investment opportunities will create less free time for yourself trying to create a property dream that could have been done on your own doorstep. We ignore our own doorstep. Find what works in your local area, and do it well. An example of this, is knowing the lower socioeconomic area of your town. This could have a potentially bigger profit margin if the people in that area are usually in the mindset of being tennents for life. The way they treat the property and the regular source of income they provide for you could be more suitable than investing in an area with a higher socioeconomic background, as the people in this area could potentially be using your home as a stop gap. Therefore the reliance of occupancy may not be as high. To summarise, do some research on your own local areas, find out which options best suit you and what you’re looking for and use this research to create your goldmine.   Q: Where do you find investors?   A: They are everywhere. Look around you, you need to put yourself out there and make yourself at risk for people lending you money. If you are at home and not telling people you’re looking for investors it will never happen. Attend business networking events as well as property networking events. Make sure you have your property beacon on everywhere. Update your social media profiles, let people know that you are looking for investment.   BEST MOMENTS “Your goldmine area, is where you live” “what is most important to you with working with me?”   “Make sure you have your property beacon on everywhere”   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
07/10/1947m 35s

LIVE Ask me Anything on All Things Property

Kevin answers burning questions from the Progressive Property Community in a Live Q&A. Discover how to secure commercial development, the most effective way to rent out your SA units and how to structure your very first JV partnership. Tune in today to hear the expert answers.   KEY TAKEAWAYS  Kevin offers his knowledge to the public in a facebook live, here's the questions he was asked.   Q: What is the best way to go about securing commercial development funding?    A: The best way to secure commercial development funding, and avoid risk is to do joint venture (JV).  On a commercial funding you can possibly borrow up to 60-70% of the purchase price and then borrow up to 100% of the development money. The challenge is finding the 30-40 percent deposit. Often the money is already tied within the building. A good idea is entering into a joint venture with the building owner. This way you could work together with the owner and not have to put in any of your own money. You would then approach a development lender who would lend you 100% of the development against the building, allowing you to do the development together. This could allow you to make a profit without putting in any money. You could also try actively searching for commercial developers or joint venture investors on social media platforms. A key bit of advice is don’t find the deal before having the money ready!    Q: I’m thinking of rent to SA (serviced accommodation) in flats most seem to be leasehold in your experience is there any success with agreeing this with the leaseholder?    A: Most people when they are doing rent to SA (serviced accommodation) think to do it on flats. However, please remember not to rule out other options such as, semi detached houses, terraced houses and larger properties. However, if you are doing them on a flat your challenge is getting permission. Whilst you may gain permission from the letting agent, and then from the landlord. You need to ensure you also get permission from the freeholder if the property has one. These are the people that can have the final say on whether or not they are allowed in that particular building. They may simply give you permission, or they may give you permission with some terms and conditions such as a yearly fee. Alternative options, are houses that have been split up into separate flats or rooms, as they do not have a freeholder, the lease usually does not mention not being able to short term lease the property.     Q: I am looking to buy a business we are thinking about asking the vendor to finance us in some capacity. How do we broach this subject with them? Would putting the business into a limited company and them having shares be a good option?     A: Yes, that is one good way of doing it. You could get the person to leave some shares in their company, so they keep their shares and then pay them out at a later date. A good idea would be to find out what the seller is going to do with the money they will earn from the sale of their business. If they have no plans other than to place it in the bank then you could suggest they leave the money in the business and you come to some agreement with what they will gain from that. Perhaps they keep a large portion of the money in the company, and you give them monthly interest on their money and then a balloon payment of the remainder in a few years time.  This option,  along with having the seller keep some shares in their company are the best legal options.     Q: How do you approach a JV partnership when looking for JV partner with money? How do you the partnership and the structure the contact? I am starting out and I am looking for partners with the cash, what are the next steps?    A: Some key advice here, is to go after investors with larger money to spend, The key fact here is not to pedestalize the investors money. Investors with large amounts of money to lend to you will end up pedestalizing their time and not their money. If you keep the focus on how much you need their money, you run the risk of coming across as desperate and this could deter potential investors. They are investing in you as a person and not just a developer. Show them you have the knowledge and credibility to be able to turn their investment into a profit by showing them how committed and trustworthy. Your job should be focusing on showing them how they can save a huge amount of time by investing with you, show them your skill set and everything you have to offer for them.     Secondly, do what is best for your investor. Ask them “what is most important to you with working with me?” If you’re able to solve the answer to that question, then they will want to work with you. Tailor your expertise to what they want to do with their money. If the client would like you to focus on HMO (house of multiple occupancy) for example, then keep that as your main focus.     Q: What is the best no money down strategy to start with?     A: The best no money down strategy should be marketing. You cannot do anything, unless you are marketing yourself and have people contacting you with leads that will potentially turn into a deal. When you pick up these deals, it is then about using the right no money down tool to make the right decision on the use for that building and securing the profit for that building.      Q: What are your top tips for finding your goldmine area please?    A: Your goldmine area, is where you live. People I meet that don’t succeed in property always think the grass is greener somewhere else, they try to succeed in parts of the country they do not know enough about. They end up travelling up and down the country to find another area.   The whole point of being in business for yourself is to get your time back and stop living someone else's dream. Spending time up and down the country looking for other property investment opportunities will create less free time for yourself trying to create a property dream that could have been done on your own doorstep. We ignore our own doorstep. Find what works in your local area, and do it well. An example of this, is knowing the lower socioeconomic area of your town. This could have a potentially bigger profit margin if the people in that area are usually in the mindset of being tennents for life. The way they treat the property and the regular source of income they provide for you could be more suitable than investing in an area with a higher socioeconomic background, as the people in this area could potentially be using your home as a stop gap. Therefore the reliance of occupancy may not be as high. To summarise, do some research on your own local areas, find out which options best suit you and what you’re looking for and use this research to create your goldmine.     Q: Where do you find investors?    A: They are everywhere. Look around you, you need to put yourself out there and make yourself at risk for people lending you money. If you are at home and not telling people you’re looking for investors it will never happen. Attend business networking events as well as property networking events. Make sure you have your property beacon on everywhere. Update your social media profiles, let people know that you are looking for investment.     BEST MOMENTS  “Your goldmine area, is where you live”  “what is most important to you with working with me?”    “Make sure you have your property beacon on everywhere”    ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/  https://kevinmcdonnell.co.uk/  http://progressiveproperty.co.uk/
30/09/1945m 4s

Pierre-Yves Gerbeau: How I Save Failing Businesses

If you’re looking to start a business or simply discover how to grow your existing venture today’s guest has some important insights from the former manager of the Millenium dome, Pierre-Yves. Kevin and Pierre-Yves discuss in detail the things you need to do and the traits you need to have for you to succeed in your business. You need to know your product, finances and the business model inside out and they go on to share with you the principles you need to learn to make your business profitable. KEY TAKEAWAYS Does playing professional sports helps you in the transition to business? It helps daily. Managing pressure, manager of stress, manager of success, manager of failure, how you reinvent yourself, how you inspire people in crisis. Management of being able to handle and strive under pressure is quite crucial in the property business. If you ever want to be successful in business, look at the product and say, "Can I reinvent this product? Can I reposition it?" If it's yes, you do it. Then look at the finances, business model. Can I again raise equity, raise debt, can I reinvent the business model, improve the profitability of the business? If yes, then do it and you will be successful. And then last but not least, people, who are the people managing the business? Can I inspire them to do differently as a kind of followers with our credit management style? If it's a yes, then go ahead and do the business because you will succeed. The principle of finance, the principle of good accounting, the principle of making sure you have the skills to do it and surrounding yourself with the right people, it's the same for a small business or major corporation. Do not be shaken by people who are handling multi-million businesses because they are using the same principles you are using in your small business. Keep focused and following those principles and one day you will be like them. When you're in trouble, if you don't bring stamina, energy and positive attitude, you're going to struggle and having a very strong sense of humour because you're going to have dark days, you're going to have days you want to give up and if you have a good laughs at days, you're going to be alright. Your best asset is the people in the business and the most important people, the frontline staff, the guys who are serving the food, who are cleaning the floor, if they’re not fitting an integral part in business, you're going to fail. A good entrepreneur is a matchbox. And the matches come in scratch and then shine, and then they go away somewhere else. I think that the responsibility to entrepreneur is not only legacy and building replacement, but it's also allowing others to be able to shine and to develop, and then goes somewhere else and find themselves in other places, being CEO’s, Chairman position and they're going to help you and proudly invest in your business saying that this is the guy that allowed me to be here. The golden rule in any business. If the business plan or the business model is not right and the people are not right, just don’t get involved. For you to succeed in business, you need to be very adaptable and be reactive because preferences are changing regularly as the generations change. The role of a good leader is to be able to predict, to be able to anticipate. Advice to people who are starting a business, small is beautiful, it's not about getting big, is again, it's being successful on your own, and then few if you want to grow, make sure you surround yourself with the right people and it's all about going big, step by step and make sure you got around you people who are going to support you, embrace you and drive this thing forward with you and take them with you for a long time. It is crucial for anybody starting a business to find one or two mentors. Somebody you can trust, somebody who believes in you, somebody who embraces you, somebody, that kick your ass when it's needed for you to grow.   BEST MOMENTS “You’re as good as your last one.” “Principles are the same for a small business or major corporation.” "If you're going to carry responsibilities, and you're going to be the captain of the team, you got to lead by example, it's not doing what I say not what I do, it doesn't work that way.” “Property is not about buying houses, the property is about people.” “As a property owner, if you’re not able to attract the right attitude towards the entire network of your tenants or your business partner, you're just going to fail. “ “The more I practice, the luckier I get.” “Key values, loyalty, honesty, ethics, that's all we ask from people.” “When you are at the helm of something big, you got all the fair-weather friends that come out.” “Entrepreneurs or leaders are never on the job, they’re on a mission.” “It’s fine to have an ego because you need that confidence because if you're shaky, people won't follow you.” VALUABLE RESOURCES https://kevinmcdonnell.co.uk/ ABOUT THE GUEST The charismatic Frenchman, Pierre-Yves Gerbeau certainly has a highly successful CV and the ability to bring a little sparkle to any boardroom, with an approach which made him a mini-celebrity during his time in charge of the Millennium Dome, now better known as the O2 Arena, with the tabloid press nicknaming him 'The Gerbil'. He was also a hockey player for about eight years. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/
23/09/1954m 52s

New Council Tax Bandings Spells Trouble For HMOs

If you’re thinking of investing in HMO or converting your current single-let property you need to know this.  New council tax banding could be affecting your HMO profitability. If you’re investing in HMO’s or looking to increase your profit margins by converting your single-let, be sure to listen to this episode of The Progressive first. Kevin dives into detail on how local councils are charging tax by the room on some HMO’s, why it’s happening and how you can avoid it. If you want to stay up to date with the most recent property laws and increase your profitibability this episode is for you.     KEY TAKEAWAYS.  Up until recently, the council have always charged one council tax bill per property (HMO) however it could soon be that local councils charge council tax per the room. This would make a significant difference to the profitability of the HMO property.   A lot of landlords have invested in HMO rental properties as a way of maximising profitability from a single unit. The way this has been done is by taking a single tenancy unit and converting it into multiple self-contained units that include bedrooms with an en-suite and kitchenette facilities, however, to further increase profitability landlords have opted for a shared kitchen and living facilities for all tenants and as a result, some local council authorities have deemed this as chargeable for multi council tax bills. This drastically affects the profitability of HMO investments.    The process works whereby the council will inform the VOA (Valuation’s Office) that and the VOA will place a banding or multi council tax bands on the property as a result of the multi-tenants occupying the self-contained unit. Depending on the ruling this can wipe out the profit from the property for the landlord all together.   The reason this change to HMO council bands is coming is due to local council budget cuts and councils are now looking at the regulation of self-contained building with multiple occupants differently. For councils, landlords are an easy target.   The council is now looking at HMO’s differently and re-evaluating the status of what is classed as a self-contained unit. One way to try and avoid this new banding is to convert the property with some en-suites but also with a communal bathroom and communal kitchen. The property needs to be habitable by both family and individuals.     What does self-contained mean? The term is not directly set in legislation, it is in actual fact set by case law. As a landlord, you need to speak to the VOA if you have any queries, especially if you are looking to convert a property. You are also able to appeal a council tax banding here: gov.uk/council-tax-appeals and challenge your council tax banding.  HMO properties are normally let ‘all bills included’ basis and therefore as a landlord, you cannot apply for the 25% council tax discount.   There are four things that the council look at when determining the rate for that room these are: Is the property, Beneficial, Exclusive, Actual and Non-Transient.  There are a few things as a landlord you can do to avoid multiple council tax charges for your HMO. This includes not having locks on the bedroom doors, ensuites and kitchenettes and more critically If having all of the tenants on one tenancy agreement rather than individual tenancy agreements.    BEST MOMENTS.  “Councils are not just charging tax by the room, they’re giving it the highest band (A)”  “Councils are trying to charge landlords by the room to get more money in.”  “Some landlords have had council’s charge them council tax by the room, just because they have locks on the doors, even when the room doesn’t have it’s own bathroom or kitchenette.“  “We’re stuck in the middle of only some HMO’s being charged council tax per room”  “You can’t just put your rent up and make the tenant pay. They’ll just leave and go to the competition down the road”    VALUABLE RESOURCES:  gov.uk/council-tax-appeals     ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD   Kevin McDonnell Facebook  Kevin McDonnell website  Progressive Property
16/09/1920m 16s

8 Essential Tips to Build A Property Business Whilst in a Job

There’s no need to quit your full-time job if you want to start your property business today.   You’ve got so much time—that you may not know of—which we could use to finally realise that business idea. If there are 168 hours per week and assuming you consume 40 hours with work and 56 hours with sleep, then you’ve got free 72 hours weekly.   In this episode, Kevin gives the 8 essential tips on how you can optimise your precious time. You can even do some of your tasks while at the office, while commuting, or while doing some chores.   There’s really no reason anymore to make an excuse. Put in that determination and action, everything else will follow. Start tuning in today to the Progressive Property Podcast to learn more.  KEY TAKEAWAYS  Tip #1: Time Management. Commit to one task a day. There are 365 days in a year. That’s a lot of time to grow your business. You can even do the smallest on your busy days and use the weekends for the time-consuming ones.  Tip #2: Go to work early, leave work late. In this way, you can beat the traffic. We can use the time you spend on the road on something more important while you’re at the office waiting.   Tip #3: Listen to podcasts. It’s efficient if we learn about property during our downtime or doing household chores or on our drive home, as long as listening won’t put you in any harm.   Tip #4: Use your break time to build your network and schedule your tasks. Call letting agents, book a viewing.  Tip #5: Could you reduce your hours? Loot at you company policy. There are companies who allow 3-day weekends. But this only applies when you haven’t exhausted all your free time available.  Tip #6: Look for joint venture (JV) partners. Find someone who’s on the same journey as you but have different skillset from you. In this way, it’s easier to split tasks.   Tip #7: Attend as many property networking events. As you learn, you also grow your network. You meet people that will support you in your journey through these property events. Prepare an elevator pitch.  Tip #8: Outsource. Get a virtual assistant, a marketing personnel, or whoever you need to do your some of your tasks.  BEST MOMENTS  "You have 168 hours a week, I got 168 hours a week. It’s what we do with those hours that is important.”  “Make the most use of your free time.”  “Your network is your net worth.”  ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD   Kevin McDonnell Facebook   Kevin McDonnell website   Progressive Property
09/09/1934m 41s

Section 24: Everything You Need to Know

Ever wondered what the Section 24 law means for Property investors? Well, in today’s episode of The Progressive Property Podcast there’s no need to wonder as your host, Kevin McDonnell tells us everything you need to know about the 4-stage law affecting Property investor's mortgages. Discover the pros, cons, costs, and how you can save money by moving your properties over to a Limited company rather than keeping them in your personal name. Tune in today to save money and keep up to date with the property law affecting your investment portfolio.   KEY TAKEAWAYS. Section 24 law, means that you are no longer able to claim mortgage interest or any other type of property finance as a tax-deductible expense in your property business if you own properties in your personal name. Instead, rental profit will be taxed with the maximum deductions for finance cost of 20% of the basic tax rate, phased in between 2017-2021. There are the 4 phases of the section 24 law. Stage 1 was from the 6th April 2017 tax year, where the higher rate tax relief can still be claimed on the first 75% of your mortgage interest cost. The remaining 25% will have a basic rate of tax relief applied. Stage 2 phased in from 6th April 2018 and that amount of tax relief can be claimed and the amount of tax relief you can claim at the higher rate will drop to 50% of your mortgage interest cost, the remaining will be taxed at the basic rate. Stage 3, higher rate tax relief for this financial year can only be applied to 25 % of your mortgage interest cost. Stage 4-April 2021 means you will only be able to claim tax relief at the basic level of 20%. For those who do own property in their own name, it poses a potentially big problem. It is important to remember that each person will face different issues depending on their own personal situation. This can vary between the location of the properties, how many properties you own and the mortgages you hold on each property. It may be valuable, to transfer the properties that are owned in your personal name over to a limited company. Currently, section 24 does not affect properties under Limited companies. If you have a small mortgage with a good profit, you might not want to do anything. However if you have properties in your name, and mortgages on them there is a chance you may see a big rise in your tax bill. It is advisable to seek professional advice from a property tax specialist. Your accountant/property tax specialist will be able to tell you how much higher your bill will be, and if there are ways to minimize it. Consider your medium to long term plans. If you are looking to sell within the next few years, it may not be advisable to transfer properties into a limited company. If you plan to pay down the mortgage soon, it may be advisable to keep them in your name. Section 24 does not affect those with no mortgages, it only affects the mortgage interest. If you plan to refinance and take out more finance on your properties then maybe you should look at moving the properties into a limited company so that you get a more beneficial tax advantage. If you decide it is the right decision to transfer your properties over to a limited company, there are certain steps you need to take. 1) Have a limited company. You may already have one or you may need to make one. An important thing to note is that to be able to hold properties in a limited company, the properties must be owned by more than 1 person. 2) Note the pros and cons in terms of costs. If you move your properties into a limited company, this enables you to defer your capital gains tax under incorporation relief.  However, if you were to sell the properties eventually, you will have to pay capital gains. 3)You need to think about the type of mortgage you have. You may need to redeem your mortgages, however, some companies that lend personally, do not lend to limited companies. Mortgages for limited companies also tend to be higher. There may also be penalties for those on fixed-rate mortgages. 4) Consider future possibilities. Perhaps the government will decide to reverse their decision to introduce section 24. Will the cost of transferring to a limited company such as mortgage costs and legal costs. Could you pay all this, for the government to reverse their decision? Also valuable to consider the repercussions of transferring to an LTD company, when it comes to selling the property. -What to do about any future property purchases? Simply put, Always buy under a limited company as section 24 does not currently affect this. - Seek opportunities and look for ways to help people, and perhaps make some profit from them. If a person decides to sell all their properties, they are only entitled to defer X amount of capital gains (£12,000 per person per 2019 financial year- this differs each year). If you are able to secure a deal to purchase each of their properties individually each financial year, this could save them money in capital gains. - To summarise, seek professional advice in terms of your personal situation. It may be valuable for you to stick with your current situation and continue having the properties in your name, however, it could also be a benefit to have your properties transferred into a Limited company.   BEST MOMENTS. “If you have a small mortgage with a good profit, you might not want to do anything” “if you do have properties in your name and have mortgages on them, then it is very possible that you will see a significant rise in your tax bill. “ “If you own property in your own name and have no mortgage on them,  then section 24 will not make any difference to tax that you pay on your business.” “You could end up doing all this, only for the government to turn around and reverse their decision” “Is there an opportunity to take advantage of those who own in their personal name? Absolutely!”   VALUABLE RESOURCES: https://www.upad.co.uk/landlord-calculators/section-24-tax-calculator   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD Kevin McDonnell Facebook Kevin McDonnell website Progressive Property
01/09/1926m 19s

7 Quick Must Know Tips When Choosing a Mortage Broker (SAVE THOUSANDS)

You don’t want to be missing out on the best deals out there. Sometimes, the best ones can be found with the help of the right mortgage broker. So, why don’t you consider having one? In this episode of the Progressive Property Podcast, Kevin helps you find the right mortgage broker for you. He prepared the 7 things one should look at when scouting. There are benefits that you could enjoy if you mind these tips. You could speed up the application, have more free time, get access to direct-only deals, get away from stress brought by stubborn lenders, and lastly, more free time to do other important tasks. Start listening. One of these 7 key points might have been missed on your checklist, so make sure you’ve got everything on there. KEY TAKEAWAYS ‘A mortgage broker is someone who will review the mortgages available to you based on your personal financial situation and then apply for you in your behalf.’ Step 1: Always use the same broker. A broker always asks for the necessary information and documents beforehand. If you keep switching, then a lot of your valuable time is wasted in doing these preparatory steps. Step 2: Make sure they are a whole of market brokers. There are more choices available for you since they got access to the large market. It’s most likely that you’ll able to land on the cheapest deal when you ask for their help. Step 3: Know what you want. What are you looking for? A residential, a buy-to-let, or a commercial mortgage? Commercial mortgage – retail units, buildings and shops Commercial finance – residential house that has been converted for multiple occupation Step 4: Ask for direct-only mortgage options. These might be the best option. Don’t choose a broker who won’t disclose this kind of information to you. Step 5: Consider which type of broker to use. In case you aren’t aware, there are brokers who offer their services online. It might be hassle-free for some to choose this path, but do the nitty-gritty research beforehand. Always ask what fees and commissions does the broker charge before getting into an agreement. Step 6: If you choose a broker, what should they do for you? Aside from finishing the application, make sure they have a solid coordination with the lender/s. The brokers should be responsible for the transactions and updates for the different parties involved. Step 7: The broker should be qualified to give financial advice. Check with Financial Services Register. If you think you received a bad advice, file a complaint with the firm first. If it’s still unresolved, take your complaint to the Financial Services Register. BEST MOMENTS                  “By staying with the same broker, you mitigate the risk of different information being put forward to the lenders.” If they’re not a whole of market lender, then don’t use them as they won’t be able to get you the best product.” “Brokers have no obligation to tell you about these direct-only mortgage deals so you need to ask them about them.” “You get what you pay for; cheap does that necessarily mean valuable.” VALUABLE RESOURCES Progressive Property Financial Services Register ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD  Kevin McDonnell Facebook Kevin McDonnell website Progressive Property
26/08/1916m 34s

5 Essential Tips When Choosing a Joint Venture Partner

It’s either the JV partnership flourishes or not—and, what an absolute waste of resources when it didn’t become productive and just fizzles out.  In this episode of the Progressive Property Podcast, Dan gives you the 5 essential things to consider when looking for a JV partner. Choosing your JV partner is NOT a child’s game, like pin the tail on the donkey or ring-around-the-rosy. There’s too much at stake when you don’t think carefully and you don’t have your guards up. Discover how you can thoroughly pick the best JV partner in your property business through Dan’s simple steps. There will always be one who’s very compatible with your knowledge, skills, and vision, so never settle!   KEY TAKEAWAYS  Work out the real reason you need a JV partner. Are you really in dire need? Or are you just lacking of self-belief? What business are you looking to bring your JV partner on? Make sure that your bringing in the right person. If you don’t want to do it alone, it’s worth considering also to have a mentor who can guide you. Having a JV partner might complicate the situation if you aren’t clear yet of your purpose.  What will each person’s role be? It’s best that you complement each other. Find someone who have the knowledge and skills that you lack. And, who will deal with the day to day issues? If you just want someone who will provide the funds, then being active with the operations is the least to worry about when looking for a JV partner.   Before any agreements, remember to make a list of things you need to agree upfront. A JV Partnership agreement must entail everything each of you must bring to the table. What does your JV partner want? Know what outcome are they looking forward to. Also prepare an exit plan just incase of unforeseen circumstances (e.g. breach of contract, critical illness, etc.)  If you’re looking for a joint venture in property, familiarize yourselves first with PS13/3 regulations. There are only a bunch of people you’re allowed to joint venture with, and PS13/3 has it detailed.  Don’t pick someone just like you. You are not looking for another you, you are looking for someone who can do what you can’t do. Consider taking the Wealth Dynamics Test to gauge if your personalities are compatible. You and your partner can be: a Creator, a Star, a Supporter, a Deal Maker, a Trader, an Accumulator, a Lord, or a Mechanic.  Don’t rush in to picking a JV partner. If you’re picking someone for the long term, test everything out first. It would be a waste of time to know that what you have hope for in the partnership won’t be fruitful. Be clear about their values, not just about the money, the skill, and the knowledge they can offer.  BEST MOMENTS  “Sometimes, people think they need a JV partner and they go into business with somebody when in hindsight, all they needed was to build some knowledge and gain some belief for themselves.”  “We have the end in mind before we even started, and that’s what’s really important.”  “You are not looking for the best mate to go out with, you are looking for a business partner who brings a different dynamic, a different skillset.”  “Pick the right person to grow the business.”  “It’s not a race; it’s a journey.”  “I made a lot of mistakes in property, but I made them before I got educated.”  VALUABLE RESOURCES  Progressive Property  PS13/3 Restrictions on the retail distribution of unregulated collective investment schemes (PDF)   Wealth Dynamics Test  ABOUT THE HOST  Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.   On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.  CONTACT METHOD  The Property Teacher  Progressive Property
19/08/1931m 58s

Neville Wright: How I Went From £0 to £100MILLION

‘If you keep going on a daily basis you will succeed in the long run’  In this podcast Neville Wright talks about his journey in retail and property. Having started with just 39p Neville along with his wife built a hugely successful retail business and property portfolio and are now multi-millionaires. Neville shares his experiences and business wisdom in this engaging podcast that will inspire you whether you are just starting out or already on your business journey.    KEY TAKEAWAYS Starting a business When you are running your own business it’s hard work, but it stops being your job because you are doing what you want to do. If you are beginning in business you must be prepared to learn something new every day. Once you know how to run your business successfully you can expand on it and become the best in your niche. It’s what you are doing that counts and the only competition you have is inside of you. How did property come into the equation? I began with window cleaning and said ‘yes’ to everything additional I was asked to do, such as repairs, after 3 months I left the window cleaning behind me and moved across to property maintenance. We used any excess materials to renovate a series of small terrace houses which we purchased, renovated and sold. Each refurbishment was completed in a very short time frame to enable us to move on as quickly as possible. There isn’t a shortcut you have to go up the ladder one step at a time and if you keep going you will succeed. Scaling up At that time for every 4 properties completed the fourth was all profit and we grew year by year. Start small, focus on each day, keep reinvesting the money and don’t be afraid to borrow money to grow your business. Debt is personal, it is things that go down in value and that you don’t need. An investment is something that will go up in value, you can work to make more. In property, lots of people think they can come in at a higher level but in reality, they need to come in at a lower point in order to learn about property investment and earn the trust of potential lenders.   BEST MOMENTS ‘If you borrow money and use it for the purchase of equipment, it is not debt but an investment’ ‘If you are in it you must be trying to win it’ ‘Success can be just around the corner and you must not give up, you must get through the challenges’ ‘You find a passion and you become the best’   VALUABLE RESOURCES  No Money Down: Property Investing book by Kevin McDonnell  https://www.facebook.com/groups/progressivepropertycommunity/ The Answer is Yes Now What is the Question book by Neville Wright   ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.      CONTACT METHOD  Kevin McDonnell Facebook  Kevin McDonnell website
12/08/1939m 1s

David Kemp: Essential Planning Permission Hacks YOU Need to Know

The PPP likes to bring you leading experts in their field, new strategies and information that can help you on your property journey.  In this episode, Kevin is talking about all things planning with David Kemp a specialist planning consultant.  They discuss in detail how to successfully navigate the different sets of rules that require compliance when developing a property and what the council want to know.  If you want to understand the best way to get through your planning application process then this is a podcast episode you can't afford to miss.     KEY TAKEAWAYS  Planning is a process with its own set of rules.  Begin by identifying the strategies that work in your area from a value and investment viewpoint, then look at what boxes you have to tick for planning to get your scheme from point A to point B.  There are different departments within the local authority – planning, environmental, building control, housing team, conservation and there are a different set of rules that each department has to follow.  Developers need to comply with;  Building control  Housing or licencing  Planning  If it is your first development a joint venture can be a valuable way to move forward.  When you are ready to begin;   Gather information on the ground speak to the planning officers, speak to policy officers, local authority and  housing officers  Reach out to the progressive community and ask people what their experiences have been.  Get to know the people you will be dealing with. Building trust and good relationships can make a huge difference.  When you put in a planning application you need to be sure that it is implementable that the planning does not require amending afterwards.  A planning consultant knows will know what needs to be asked of the planning department and can also check the housing rules to see if what the plan shows, ticks the right boxes.  For information about safety and fire regulations, you should be leveraging the experience and knowledge of your architect.  If you go with an application and then have to make changes it delays everything.  Making any changes prior to the plan being submitted in means you are making the best use of time and there is no delay at the council.     BEST MOMENTS  ‘It’s about asking the right questions beforehand’  ‘Having a good relationship with your housing officers makes a huge difference and can possibly provide leads for new deals’  ‘It’s a little bit of a cookie crumb trail, but if you follow the crumbs you will be led to valuable contacts’    VALUABLE RESOURCES   No Money Down: Property Investing book by Kevin McDonnell   https://www.facebook.com/groups/progressivepropertycommunity/  david@drkplanning.co.uk      ABOUT THE HOST   Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD   Kevin McDonnell Facebook   Kevin McDonnell website
05/08/1936m 26s

LIVE Q&A: What Are the Best Property Hacks, How to Find Deals, Optimise Cashflow

‘Most people know what they want to do they just don’t have the money to do it, ‘No Money Down’ is how you do what you want to do’ Live at PPN Blackfriars, this Q & A with Kevin and the panel is an opportunity to hear questions from entrepreneurs at the start of their property journey. This session is a great way to hear what the challenges are and how they can be overcome with detailed advice from individuals who have done it themselves. Property is a people business and a ‘no’ is just the beginning.   KEY TAKEAWAYS Overcoming the rejection ‘Go for no’ it's hard but the more ‘no’s’ you get the closer you are to a yes. You should be practising out of the area so that when you approach your preferred agent you are able to interact professionally. You got to know what you are going to say and have ready the answers to possible objections. Using a script can be useful in putting forward a professional persona. Working with a business partner You can work smart and hard but in the beginning, finding a joint venture partner can be a positive way to move forward. Someone who has complementary skills will broaden the skillset you can offer and increase the potential opportunities. Finding properties You cannot structure a deal unless you know about the person selling. Property is a people business. Build a relationship with the agent and show them you are serious. Purchasing with no money down It always depends on what position the seller is in and how good you are at negotiating a deal. Any professional property investor focuses on solving the other person's problem. The concept of ‘No Money Down’ is not a strategy it’s the way you deliver a strategy. ‘No’ is not the end of negotiation it’s the start of a negotiation. Negotiation is a learned skill you have to do it and implement it. At the beginning of your journey It’s not about getting a good deal it's about getting a deal. You’ve got to meet people and communicate face to face to build rapport and achieve a RESULT Build Rapport with the homeowner. Empathise with them. Find out their Situation Gain good Understanding You earn or you Learn, you may not secure a deal, but you will learn. You’ve got to put the Time in, whatever it takes. You’ve got to walk into the property with a toolbox of options to solve their problems.   BEST MOMENTS ‘I have blown deals because I had a ‘yes’ and turned it to a ‘no’, it’s all part of the journey, part of the learning’ ‘When I walk into a house I'm thinking how can I solve their problems?’ ‘I spent years chasing the money and ended up in debt, solve other people’s problems and you will make the money automatically’   VALUABLE RESOURCES No Money Down: Property Investing book by Kevin McDonnell Go for No book by Richard Fenton  https://www.facebook.com/groups/progressivepropertycommunity/   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD Kevin McDonnell Facebook Kevin McDonnell website
29/07/1949m 8s

Special Episode: How to Get £1Million Property Portfolio

If you need help looking for packaged deals and building your portfolio, our guest for today’s episode of the Progressive Property Podcast, Dan Buchan, can help you. Dan, at the young age of 27, has already made a name as a successful property investor and an entrepreneur. Discover how he was able to buy his first house at the age of 19 and was able to grow his property portfolio to over £1million.   One of the best takeaways from today was with the right mindset, you’re able to propel your way to the top of the property ladder. Dan also gives detailed tips on how you can start going out and talking to people. Learn what should be your talking points, why should talk property to anyone you know, and how do you seal a deal with someone. If, by chance, you are not confident with your skillset, then start learning today so you can improve them!  KEY TAKEAWAYS  Dan Buchan has only 8 years of experience in property, but he has a lot of accomplishments to put on the table. He bought his first house when he was 19.   Property was something he explored because someone suggested that he attend a property course. He went out of curiosity and definitely, that was not the last property course he attended.  Just like any other teens, Dan admits that he spent too much of his money on frivolous stuff before, but what sets him apart from the rest is the entrepreneurial side he has honed just to finance this ‘cool’ lifestyle.  He met his soon to be business partner Jamie York at secondary school. They got into trading and reached six-figure numbers at very young ages.  Dan and Jamie started their major brand, We Sell BMV, dedicate to sourcing Below Market Value residential and commercial properties. The find properties and hunt for investors all over the country. They’ve done over a thousand deals.  To attract more clients, you have to be confident and an expert at what you do. You have to keep in mind that above all, you have to contribute value to other people. Clients can tell if their interests are always given priority.  What is holding you back? Some have difficulty talking to the vendors. Some have a hard time looking for properties… You need to push yourself out of your comfort zone and start developing your skill set.  Dan tries to talk to everyone about property investments because he knows that word travels through the mouth and they could easily tell it to people they know. Dan talks about growing their wealth and financial freedom.  Help them achieve their goals. Ask them, “Where do you want to be and what resources do you have available to achieve that?” instead of saying, “How much money do you have?”  BEST MOMENTS  “I was doing 3-4 jobs at once because I thought that’s how you get rich.”  “Working out for other people didn’t work for me… I found that the money was spent quicker than it was being used. I never had to do something creative.”  “Working for other people didn’t necessarily work for me. It wasn’t making money quick enough. Doing something speculative has some upsides, but it’s one way risky and could’ve easily gone the other way.”  “Believe in the value that you add in other people.”  “In order to be wealthy, I need to be able to push myself and learn how to do these things.”  “Growth only comes when you push at the edge of your comfort zone.”  VALUABLE RESOURCES  Progressive Property Podcast Episode 112: Interview With One of The Largest Deal Providers in The UK, Packaging Over 1,000 Deals to Date, Jamie York iTunes|Omny|Player.fm  Homes Under the Hammer  We Sell BMV  Progressive Property  The 5 Second Rule: Transform your Life, Work, and Confidence with Everyday Courage by Mel Robbins  The Story of Two Wolves  ABOUT THE GUESTS  Dan Buchan is a Property Investor, a Speaker, and an Entrepreneur. He is the Director and Co-founder of Aspire Property Group. He also owns We Sell BMV, a market leader in the UK, together with Jamie York.  Dan got into property when he started attending alternative classes on property after graduating from the University of York. From then on, he grew his property portfolio and has closed a lot of property deals.  Dan’s LinkedIn  Email Dan at dan@aspire.co.uk  Dan’s Instagram  ABOUT THE HOST  Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.   On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.  CONTACT METHOD  The Property Teacher  Progressive Property
22/07/1951m 34s

Michelle Niziol: How to WIN BIG In Property With Apprentice Star

This is a must-listen episode for any entrepreneur out there who would want to become the best in what he or she wants to do.   In this exclusive episode of the Progressive Property Podcast, your host Kevin McDonnell interviews a very special guest. She hosts three different podcasts. She's a sky TV personality, a property investment expert and company CEO, Michelle Niziol.   Kevin and Michelle discuss the key things you need to do to become successful in business and entrepreneurship, such as education, good relationships, mentorship and many others.   KEY TAKEAWAYS  The key things you need to do to become good in properties or a good investor:  Knowledge. This is the most important thing that you need to have if you want to be successful. You need to go to seminars, get trainers to train you on what you want to do so that you can be successful.  Good relationships. When you start doing business with other people, you need to create good working relationships with them and with this, you will become very successful because when you create good working relationships, those people will always want to do business with you.   Mentorship. If you want to be successful in property or in any field as an investor, you need to always have mentors around you to give you advice on what to do about anything or educate you on what’s the best thing that you need to do when you are faced by challenges.   Focusing on your niche area. What you actually want to achieve out of it? So if you are a mortgage broker go to the high level one, if you're wanting to network in the property industry, then go for property-specific networking but more of a high level and try and contact them and try and find out what their niches.  Reinvesting in you. Take time to reinvest in yourself and go and pay for those high training courses and get that knowledge and them come back to the business world and apply that knowledge because by doing this, you will become very successful.  Focus on the service, the education and try to be the best version of you and the money just always come.  If it feels right, go for it. There is no right or wrong advice in property and there's no right or wrong property to buy.  Become an expert in your area. Do the research before investing.  BEST MOMENTS  “Success is being able to deliver on a product.”  “A lot of people have a lot of dreams of investing in property, but there isn't really anybody out there that you can go on a lot of courses.”  “Property is a people’s business.”  “Networking is not necessarily about getting business, it's about getting an education.”  “If you better yourself in a job for a company, you will do more for that company to make them more money, but you aren’t investing in yourself to make yourself more money.”  “When you're really passionate about something, whatever you're doing, then that passion really does filter through and people want to be around you. So whatever service you're delivering, they want you to deliver that service.”  “What you need to do when you’re buying for clients is to understand why you’re doing that for them. Most of the time for them is retirement.”  “If you look after the people, everything else just falls into place.”  “Every time somebody asks me, is it a good time to buy? I always say it's never a good time to buy, there'll never be a good time to buy a property. Get on and do it. Just do it.”  “Be in it to win it.”  “There isn't anything bad about property on it.”  VALUABLE RESOURCES  https://michelleniziol.co.uk/ ABOUT THE GUEST  Michelle Niziol is also a podcast host herself. She owns five property and investment finance-related, independent company. She hosts three different podcasts. She's a sky TV personality. She's a property investment expert in her own right, CEO of some companies, up to lots and lots of different stuff really, really successful.  CONTACT METHOD  Twitter: https://twitter.com/Michelleniziol Facebook: https://www.facebook.com/MichelleniziolLtd/ YouTube: https://www.youtube.com/channel/UCza1d7lQgrYHAIvVkQLbj4Q Instagram: https://www.instagram.com/michelle_niziol_ltd/ LinkedIn: https://www.linkedin.com/in/imsindependentmortgageadvisor/  ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.       CONTACT METHOD  https://www.facebook.com/kevinMcDonnellProperty/   https://kevinmcdonnell.co.uk/
15/07/1945m 13s

Self Management Vs Outsourcing

Should I manage my own properties or outsource them to a lettings agency? This might be a question that you are asking yourself, as you start your journey in property. From his fifteen years experience in property, where he now owns his own lettings agency, Kevin McDonnell gives his take on how you should go about it. Whether it’s making sure you get experience self-managing a property, to the benefits of partnering up with an existing agency in a JV partnership, Kevin gives you all the pros and cons of Self-management vs Outsourcing.     KEY TAKEAWAYS When I start out in property I thought I would have to do everything. When I started I would always do everything from meeting the tenants, gaining references, prepare and write the contracts. I’d do the repairs, and deal with the day to day issues. I thought that was what an investor required. Whereas today I find great deals and my partner manages out the letting agency on a day to day basis.    Learning what the agents need to do. Self-management is a good thing to do at least a small amount. You’ll find out what kind of problems that your tenants have. Your tenants are your clients and you are providing them with a service which you need to provide to the best of your ability. This will also save you on the management fees but cost you in time. This will make sure you have the experience so you know your agent is doing things in the right way.   What sort of systems should you have to self manage? I used for my first ten properties, Microsoft Excel. There are loads of fancy apps, but if you have ten properties you can manage them on a spreadsheet. Just get your first house and manage it on Excel. Once it becomes too big, over ten properties, you should look at things like Arthur or GoTenant. We have now moved on to Jupix because we are running a letting agent, and my JV partner runs that but that’s too complicated and costly for if you are just starting out.    Give your first couple of properties to an agency. Learn how to do it properly, learn how to self manage your property. Then take on property to self manage so you get an inside guide to what they go through. Learn everything that an agency does. An agency does a lot of work from people who say they are interested in that property, lodge the deposit, gaining references and sorting out contracts.  I found a JV partner. I found a local guy who was running a satellite office but he wasn’t on the high street. He was like a virtual agent. I approached him. I asked him to move into the high street into a property that I had bought. He’s 50/50 in the letting agents. I have a JV partner and he gets 50% of the profits.     BEST MOMENTS ‘Its about being smarter with your time.’  ‘Be an investor rather than a landlord.’  ‘Since outsourcing, I have more time to think.’  ‘Make sure you see your tenants as clients.’  ‘You don’t need fancy software to manage one house.’  ‘Get perfect later.’  ‘It was cheaper to manage in house.’  ‘The management fees from other landlords pay for the fees.’  ‘When you're starting out you don’t have a skillset.’  ‘Agents do a lot of work.’  ‘You can shadow an agency.’  ‘I wanted to be a business owner.’  ‘It’s a win, win situation.’    VALUABLE RESOURCES https://www.xero.com/uk/   https://jupix.com  https://gotenant.co.uk  https://www.arthuronline.co.uk     ABOUT THE HOST    Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.        CONTACT METHOD    Kevin McDonnell Facebook    Kevin McDonnell website
08/07/1920m 44s

Hedge the Recession & Leverage it! Feat. Rob Moore

The Realities of Recession  Rob has hijacked this episode to explain the realities of recession and the steps you can take to be prepared and thrive during a period of recession.  It is usually 15 years for a recession cycle and the trigger is always different, but you can take proactive steps; building networks and relationships now in preparation, listen in to hear about the realities and how you can plan to not only survive but thrive.     KEY TAKEAWAYS  A recession can result in fear and this can make it more challenging to understand the realities.  These are the realities;  Many great businesses are built on a recession because the playing field is levelled this includes large and significant businesses such as Microsoft and Lego.  Many business models thrive in a recession e.g. tax accountants and confectionary manufacturers. Progressive thrived because people were looking for something different and positive they could do as a result our training took off.  Your competitors are likely to stop spending money on marketing because they view it as a variable cost. This should be the last thing that should be reduced as it removes your pipeline for new business.  When there is a recession you need to learn how to manage your cash and finances better. If you learn to manage cash flow well now you will be even better in a recession.  Staff costs are likely to reduce in a recession and it is often possible to employ very talented and skilled individuals at lower salaries.  You can buy businesses cheaply and grow through acquisition during a recession.  People will have fear and they will need guidance. They will need leaders and that can be you if you manage your emotions well.  People think that money disappears in a recession, it doesn’t it just moves, from traditional businesses to lean businesses from old businesses to new businesses.    BEST MOMENTS  ‘When we saw the last recession, we had fears and concerns, but it ended up being good for our business’  ‘I learned a lot vicariously from other property companies during the last recession’  ‘If your competitors are spending less on marketing you have less competition for leads’  ‘If you learn to manage cash flow well now you will be even better in a recession’     VALUABLE RESOURCES   No Money Down: Property Investing book by Kevin McDonnell   https://www.facebook.com/groups/progressivepropertycommunity/    ABOUT THE GUEST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”  “If you don't risk anything, you risk everything”    CONTACT METHOD  Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs  LinkedIn: https://uk.linkedin.com/in/robmoore1979  ABOUT THE HOST   Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD   Kevin McDonnell Facebook   Kevin McDonnell website
01/07/1920m 13s

7 Estate & Letting Agent Hacks You NEED To Know

‘Overall estate agents are good at helping you to get the best deal, but they are also great at ensuring the best deal for themselves’  In this fascinating episode, Kevin shares 7 tricks that are vital for anyone who is a property entrepreneur. He explains why agents use these tricks and how you can respond to make sure you are getting what YOU want from an agent, listen in now.     KEY TAKEAWAYS  Losing the keys If a letting agent is competing with another agent it can stop access, so they do not miss out on commission.  Estate agents also lose keys to manipulate who is viewing a property because they may have a preferred buyer.  Making you feel that you have to act now Agents are commission based so their focus is getting deals done. They will tell you there are other offers on the table or that the vendor is about to remove the property from the market to build FOMO (Fear of missing out).  Talking you out of the best deal for you Never let the agent know your bottom price when selling, or your top price for buying remember they are working for commission.  If you let them know these prices they will make the deal at the figures you have disclosed.  Selling you extra advertising If your property is not selling agents will often tell you they can introduce extra advertising if you pay them more, the question you should be asking is why weren’t they doing this at the start of the sale process?  Incorrect valuations There are 3 types of agents, and they value in different ways.  Overvaluation – the aim is to tie you into a contract with them by offering an above market  valuation that entices you to sign up with them and then managing your expectations.  A correct valuation – this agent is realistic they may not have as many properties on their books but are the most honest and accurate in their valuation.  A low valuation – this is aimed  at  getting the property it sold as quickly as possible.  Getting you to sign along-termsole agency contract or charging up front  Only use one agent to market your property but keep flexible and don’t get tied into a long-term contract.  High street agents usually operate on a contract and charge you at the end  Online agents entice you in with a lower fee, but you have to pay up front. This means they have no incentive to sell the property.  Convincing you to use their recommended mortgage broker If you need a mortgage they will be keen for you to use the in-house mortgage broker as this will be double commission for them. The mortgage broker is unlikely to be an independent and will therefore not have access to the ‘whole of the market’ for the buyer this results in a more limited choice of mortgage products.     BEST MOMENTS  ‘Trust me they know where the keys are’  At the end of the day, a bid is just a bid, it doesn’t mean it will go through to completion’  ‘Get 3 different quotes to ensure you have an understanding of the ways agents value properties’  ‘As you will be buying and selling a number of properties building a positive relationship with your agent is key’  ‘It costs you because you will not have access to the best mortgage product for you’     VALUABLE RESOURCES  No Money Down: Property Investing book by Kevin McDonnell     ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD  Kevin McDonnell Facebook  Kevin McDonnell website
24/06/1935m 38s

Ask Me Anything With Property Multi-Millionaire Alfie Best

Answers to the Questions YOU are Asking about Property! At the 10k Property Super Conference, Kevin McDonnell sat down with Alfie Best who has a multi-million-pound property business in the UK. Together they answered questions from listeners about all things property. If you want to hear inspirational and informative answers to the questions people are really asking then listen in now.   KEY TAKEAWAYS What is the number 1 criteria when deciding whether to invest in property? Know your area, know the property you are buying and start with the end in mind, how am I going to make money out of it? In the face of adversity, what keeps you going? Fear of failure is a powerful driver and to every problem, there is a solution it might not be the solution you want but there is a solution. If you don’t take a risk you are never going to realise your potential or learn. What are your hacks and tricks when buying a deal? There is a model to be followed and if a deal ticks the boxes the next consideration is gut instinct about what else you can add to increase the value. What’s the best thing currently in your life? Family is always at the heart of everything and in business, it's seeing long term goals come to fruition. What’s the best advice for someone just starting a business? Do it, don’t waste time get on with it but don’t do it half-heartedly get both feet in and get started. What is the best form of marketing in property? Sublime marketing is the best – it’s about not selling a property to someone you just whet their appetite enough to get them interested and the more you are not selling it the more they will want it. What the scariest thing that’s ever happened, in business or property? Living with yourself when perceiving yourself as a failure is scary and I overcame with perseverance. I followed through, I adapted and changed the business plan to continue to move forward When you are massively stressed and overwhelmed what hacks do you have to overcome it? In a stressful situation take your time to find the right solution If you panic you make the fear worse and potentially make wrong choices. As soon as you own and step up to your choices you can put them behind you, learn from them and move on. Do you think Brexit will have an effect on rental prices? It's about supply and demand, we are 66 million people on a small island with a predicted increase of 8 million over the next 10 years and people need places to live. What is the defining trait that has made you successful? It’s about persistence, success is all in the mind everyone defines success differently. There are always people who are further up the ladder of success and they provide inspiration for others to persevere and keep moving forward.   BEST MOMENTS ‘I genuinely thought I started perfect I only realised later that I didn’t’ ‘I realised that I was never going to get myself out of debt working in a job’ ‘By changing your model, you are actually showing your business is successful the more a business adapts, the more successful it will become’ ‘Keep checking your goals and seeing where you are at, you don’t realise how far you can come in 3 or 4 years’   VALUABLE RESOURCES No Money Down: Property Investing book by Kevin McDonnell   ABOUT THE GUEST Alfie Best a highly motivated business magnate, investor, speaker and philanthropist who serves as the chairman of Wyldecrest Parks. To achieve success is not easy and to maintain that success is even harder but Alfie Best has shown how it can be done, even when you have not been born with the proverbial silver spoon in the mouth. Born of humble origins and raised in a Romany Gypsy family, this self-made man studied at “University of Life” and started his professional success story totally from scratch. However, coming from a struggling background and a minority group only gave him even more desire to succeed. As a gypsy, he had to face many obstacles and prejudices, but he has never allowed those to ruin his dreams and ambitions or to disrupt his investments into the businesses he operates. Instead, he has taken those negative prejudices and turned them into positives by surrounding himself with a diverse and multicultural team. Alfie Best manages his businesses as a real leader, knows his employees by name and likes to meet all residents of his mobile home parks.   CONTACT METHOD  http://alfiebest.co/story/ @alfiebest33 ea@wyldecrestparks.com   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD Kevin McDonnell Facebook Kevin McDonnell website
17/06/1927m 28s

Simon Hazeldine: How to Master Bare Knuckle Negotiation

Do you want to become a master negotiator? Do you want to secure property deals and grow your business? If the answer is yes, this episode is for you. Your host, Kevin McDonnell interviews world renowned negotiation expert and best-selling author of bare-knuckle negotiation, Simon Hazeldine. Kevin and Simon discuss the key skills you need to have to become a master negotiator, mistakes to avoid and techniques to follow to ensure you end up with the deal you deserve. KEY TAKEAWAYS What do you see as the key skills of a master negotiator? Being a good negotiator is a critical part of your skill set, have a successful property portfolio, property investment, investment business. What makes what makes a really good negotiator is research shows, for example, a good negotiators gather twice as much information as they give, they focus a lot of time, a lot of efforts, a lot of energy in doing what I call getting inside the other person's head and understanding things from their point of view. Good negotiators are also very well planned and prepared. Make sure that people are thoroughly planned and prepared, that they follow a planning process that increases your confidence that helps you consider options before they come up. A good negotiator doesn't do every deal and a good negotiator does every deal that makes good commercial sense. Knowing when to walk is another important thing for people. Patience is also a good thing to be acting unhurriedly even if you are in a hurry, remaining as calm and objective as you possibly can because emotions can obviously flare, human beings are very emotional creatures. Be very polite and respectful is also a good thing. A good negotiator does less what is called irritating behaviours, finger pointing, aggression, sarcasm and insults. Keeping it professional is an important thing to do, particularly if you want to be doing repeat business with that individual or that organization. Good negotiators have the ability to step into their shoes of a seller and see it from the seller's point of view. Price is a factor in any negotiation. Usually, it is very rarely if ever, the only factor and if it's just got narrowed down to price, you might be missing other opportunities to add value to the deal for the other parts. It is always about the people, the people who own that property that you want to buy must be willing to also sell it to you or want to do a joint venture with you. If you find out what's most important to people and then you show them how you can help them get what's most important to them, that's selling a negotiation in a nutshell. Solve their problem instead of trying to buy their house. What are the biggest mistakes people make in negotiating? Moving too quickly to sort of doing the bargaining, how much are we going to pay and then that they don't spend enough time planning and preparing. They don't spend enough time understanding the perspective of the other person. New property investors, property developers are sometimes very anxious to get some notches, some numbers and get some deals done and sometimes pursue a deal far too long when they should walk away because they feel nothing's happening and it's not working. If your first five deals that you sign up roll pretty badly, you're going to have those bad boys in your portfolio for a while. Definitely move fast but move faster when the deal is right. Tips for getting better results in a negotiation. Do your homework and do your research. Knowledge is power, walk the streets, have a look, get to know the areas, monitor things, watch what's happening. Ask more questions, do less talking and more listening. Find out if you can construct something that is going to meet what that person needs, solve their problems and take away their pain. BEST MOMENTS “People think that negotiation is the sexy exciting cut and thrust, but that's only going to be sexy and exciting if you've done your homework in advance.” “The more time you invest in the deal, the harder psychologically it is to get out it.” “Neuroscience research shows that 95% of the influence on our decisions is from more emotional primitive regions of the brain.” “Average man or woman in the street thinks negotiation is open high, drop down, meet me halfway and back and forth but it’s much more than that.” “Empathy is different to sympathy, empathy just means I get how you're feeling, I understand how you’re feeling, I understand why this is important to you.” “Word of mouth is very powerful and also a very bad form of marketing, depending on what's being said about you.” “Understand that if you feel a bit uncomfortable, that's called being human and that's really normal and that's not a bad thing.” “The more you learn, the more you earn.” “The more desperate you are, the worst deal you will do.” “If you don't ask, you have rejected yourself.” “You make your own luck through the work and the effort and the focus that you put in.” VALUABLE RESOURCES simonhazeldine.com https://kevinmcdonnell.co.uk/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell ABOUT THE GUEST Simon Hazeldine is a world renowned negotiation expert and best-selling author. Simon is an international speaker and has worked as an expert consultant in the area of sales, negotiation, business performance and applied neuroscience with Fortune 500 and FTSE 100 companies. CONTACT METHOD Website: simonhazeldine.com Twitter: @simonhazeldine Email address: simon@simonhazeldine.com
10/06/1950m 14s

HUGE ANNOUNCEMENT! Rob Moore; How Self Worth Increases Net Worth

ROB MOORE TAKEOVER!   In this episode, Rob explains how emotions can have a negative effect on your wealth and how to overcome this. He also discusses his new book “I’m worth more” as well as giving away some exciting bonuses for the first buyers of his book! Listen now for further details!     KEY TAKEAWAYS  NOW LIVE ON AUDIBLE – I’m worth more - realise your value, unleash your potential. All audible book purchases come with a free chunk of one of my new books “Increase Your Fees With Ease”.  THE FIRST 200 PURCHASES of “I’m Worth More” will get access to the brand new Mind-set and Money event held at Progressive Property in Peterborough.  THE FIRST 257 PURCHASES of “I’m Worth More” will gain access to an accountability WhatsApp group with me.  Email your proof of purchase to supporters@robmoore.com  Control your emotions to enhance your wealth.     BEST MOMENTS  “Skillset without mind-set will leave you upset.”  “Manage your emotions around money”  “No one’s going to believe in you if you don’t believe in yourself”  “Emotion erodes wealth”   “Don’t spend money emotionally.”    VALUABLE RESOURCES  https://robmoore.com/  ABOUT THE HOST  Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”   “If you don't risk anything, you risk everything”   CONTACT METHOD  Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs  LinkedIn: https://uk.linkedin.com/in/robmoore1979
05/06/1910m 16s

Rob Moore: Hardest Property Challenges, Favourite Property Strategies & Mindset Hacks

In this episode of the Progressive Property Podcast, Kevin McDonnell interviews Disruptive Entrepreneur and Progressive Property Co-founder, Rob Moore.   Tune in today to hear them discuss the UK’s biggest property event of the year, what you’ll learn and why you should attend.  KEY TAKEAWAYS  What’s your favourite property investment strategy?  My personal favourite property investing strategy is commercial conversion, because that's what we do and that works for us, because it works well in Peterborough, there are good deals that need planning and we've worked out how to get the planning and we're doing one that's 85,000 square foot that could be up to 160 units.  No money down is a way of buying, rent to rent is a way of buying, a lot of people confuse strategies, they think they’re going to do rent to rent or no money down or lease options, but actually no, what you're doing is a way of buying a property. Rent to rent is just circumventing needing a deposit, lease options are circumventing needing a deposit, we use all of those strategies within the strategy of commercial conversion.  How many years have you been doing property now?  December 15, 2005, was the day my life changed. The last week of that year, I met Mark up my very first property networking event and in February 2006, I started my property investing career properly working in a property company and buying with Mark. That's 13 years nearly.   When was the first super conference?  2010 was our first really big event, there's a lot of people that start property training, who never really got much property and that's how progressive is different. The critics say there are too many people out there who teach but haven't done and maybe there are some, but how we're different is every strategy that we teach, we've done.  Why did you stop doing the super conference?   Those events got more and more expensive, like hundreds of thousands of pounds, this super conference will cost us 500 grand, half a million quid to run an event. The bigger the room, the more expensive they get. That was one thing.  The second thing was we started to think if there's a cheap strike if there's a bomb scare if something goes wrong and three to six months of our marketing and our revenue are based on this one event, massive risk.  The third thing was I like connecting with people, I'd prefer to speak to 100 people or 200 people than in 1400. I'm better in a smaller room. Every speaker loves the thought of the big stage, but I started to feel more disconnected.  We bought our own training sweet over there, what's the point in going into massive events in London when you can do in smaller events here.  What’s the main thing you're sort of excited about a product?   One of them is creating multiple streams of income. We want to teach you how to create multiple streams of income.  The second thing is we wanted the quickest cash flow strategies.   What is the reason you give too much content without stopping?  My Why is trying to earn respect and love from people and that just won't go away, I love property and I love business.  Attend the 10X super conference and learn to be the best.  BEST MOMENTS  “The harder my challenges are, the more motivated I am.”  “All the property strategies that we teach work, otherwise it wouldn't teach them.”  “I did single let so many years, but when you've done loads of them, you kind of hunger to scale up and your time isn't worth just doing a single that when you can do bigger stuff.”  “I don’t want people to look at me and say, “Rob is doing big commercial conversions, that's what I'm going to do.” if they haven't done a single let yet.”  “There are too many people out there who teach but haven't done”  “I never teach anything unless I've done it.”  “You can learn something from everyone if you stay humble enough to look at someone.”  “To know not to do is not to know.”   “The easiest person to lie to is you.”  “It’s okay to fail and it's best to fail small and fast.”  “Mindset skill set strategy and tactics.”  VALUABLE RESOURCES  https://robmoore.com/  https://kevinmcdonnell.co.uk/  ABOUT THE HOST  Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD  Facebook: https://www.facebook.com/kevinMcDonnellProperty/   Official website: https://kevinmcdonnell.co.uk/   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell   ABOUT THE GUEST  Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”   “If you don't risk anything, you risk everything”   CONTACT METHOD  Rob’s official website: https://robmoore.com/   Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs   LinkedIn: https://uk.linkedin.com/in/robmoore1979
03/06/1926m 17s

Rob Moore: How to Raise JV Finance (Live from Cayman Islands)

Do you want to know how to raise joint venture finance? Do you want to learn how to finance deals with none of your own money? Do you want to build a property power team that could make you millions? On today’s episode of the Progressive Property Podcast, your host Kevin McDonnell interviews Co-founder of Progressive Property and expert in JV finance, Rob Moore. Tune in today to discover the skills, techniques and tools you need, to successfully raise millions in Joint-Venture finance and fund your property empire. KEY TAKEAWAYS In raising JV finance, have a folder of deals past and present. Any deals you've done past and present, keep them in that folder. With this, there's an element of social proof in these deals because one element of doing joint ventures is having good deals. A great deal that's put out there enough and is seen by enough potential JV partners probably will find the money. Some JV partners that you'll meet, they will be most interested in the deal itself. You should always have these deals in a folder even if it was 20 years ago, with this, when the joint ventures partners see these deals, they will even notice that you have been in properties for 20 years. The next thing is when it comes to joint ventures, you want to imagine that you don't need the money and you want to build the relationship as if you don't need the money. What a lot of people do is they don't really do anything and when they need the money, they're posting in Facebook groups, they're pitching to people.  If people think you want them only for their money, you're going to get a much lower conversion and you're going to push some people away. There are FCA regulations around pitching for joint ventures and actually when it comes to a JV where there's equity involved, you can't properly pitch until you've got some evidence that there are a sophisticated investor or a high net worth. It’s better for them to come to you than for you to go to them because of those regulations. The next thing is having more than one JV partner to access. If you only have one JV partner, then they have a little bit of negotiation power and leverage because you need their money, they may know you need their money and that gives them a bit of power. If you had three partners, you can go to them all with your next deal and if one wants a little bit more, you can just say, I have other partners I can go to for this deal and so you have a little bit more of the control. If you don't tell people about the deals you've done, they'll never know, but I think if you leave a bit of information and education as well, I think it just comes across a bit better because people can get value from your post. So you've got to showcase your journey on your own social media in the progressive social media, and other property groups, on LinkedIn, on Instagram, etc. And then over time, three months, six months, people are going to connect with you and it works, it actually works better than you pushing to them. The best kind of attraction marketing and finding what you might call your ideal JV partner is to communicate in your content in their language, putting their specific needs and desires in your content. when you're doing your content, you might say, I don't do deals under a quarter of a million pounds, because I don't find that they are great leverage, I tend to do deals between 250 grand and half a million. When you say that, you don't attract people who can't do a 250 grand deal, because you've said I don't do deals under 250 grand. Or you could say I bought a lot of single lets in my career over the years, I'm now scaling up and doing bigger developments. In a way that's just gently pre-qualifying, attracting people who could only afford a single let. When it comes to a joint venture, do it with one investor if they've got the whole purchase price. If you're doing a joint venture, and they put the deposit in, you've got to go through all that rigmarole of applying to get a mortgage and proving where the funds come from. And the way that the question of source of funds, if they know that you borrowed it from a JV partner, you might get declined on the mortgage, you need a really good mortgage broker and really good technical advice, and you don't want to fall for foul or then accidentally committing mortgage fraud by not filling the form in properly and then you've got the mortgage company has the first charge. So the investor can only have a second charge or a restriction. If you go to London Business angel or any kind of angels den, they will ask you if are you an investor or are you sort of looking to pitch for money? You want to go in there to meet the investors but ideally, you don't want to pitch early because they'll always look at you as the person who's looking for the money, which is fine, but the guys with the money probably feel like they have control. You should go there, you meet investors, you build your network and then you develop relationships with them outside of the network and that's probably the best way. Charity balls and flying clubs, there's a massive, really wealthy and successful and inspiring people there. Definitely get along to those events if you can. You can also raise the money by borrowing the funds from your family members, relatives or even from your close friends who have the money and wants to invest in your business that you want to start. Progressive property networks work really well for people as well. The good thing about business networking events is they don't have as many property people in, so when you stand up and do your elevators pitch, you're usually the only property person and that can be an advantage. Give an investor reasons for him to invest with you which include: Credibility. This is having integrity and being honest. Return. Some people looking for a return when they want to invest. Exit, some people want to go out and get their money out before they put their money in. Security. When an investor invests with you, is their money safe? Trust: For a lot of human beings, trust is the biggest thing. Can they trust you? BEST MOMENTS “A great deal will always find the money.” “If people think you want them only for their money, you're going to get a much lower conversion and you're going to push some people away.” “Pushing people away and make making them want it a little bit more as effective sales.” “Try and build relationships and find JV partners before you need the money.” “Make sure you publicize your journey of what you do.” “If you put content out on social media, it won't cost you anything, so it's only your time and make sure you put content out there linked to the people you want to attract.” “It’s easier to keep one partner happy than it is three or four partners happy.” “Don’t accidentally push money away by only requesting the deposit, request the full purchase price first.” “Every master was once a disaster.” “If you don't risk anything, you risk everything.” VALUABLE RESOURCES https://robmoore.com/ https://kevinmcdonnell.co.uk/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/   Official Website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell ABOUT THE GUEST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”  “If you don't risk anything, you risk everything”  CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979
27/05/191h 2m

How to Make BIG CASH With a Tiny Investment

Exclusive Interview with Property Superconference Speaker and Deal Packaging legend, David Siegler. The upcoming 10x Property Superconference has the power to change your life, and In today’s episode, Kevin interviews one of the most experienced property investors in the business, and who will be speaking at the Superconference in just a few weeks time.  In this interview, Kevin talks to David Siegler about his journey into property, his specialism in Deal Packaging and why getting a ticket to the 10x Superconference will change your life.  Key Takeaways We saved a deposit, and got a mortgage and bought a house. When I first started it was a really slow process and the cashflow was limited. The problem was there was no one to ask, no one to ask how you can improve your skills, or learn from others. I was stuck. Rob and Mark were out there buying property when I was sitting at home watching daytime TV.  I now have a deal packaging business. Which I learnt how to do at progressive property. In year one I was able to pay myself over 140,000 and then each year since then I’ve turned over six figures. I’ve been able to reorganise my property portfolio, which initially I was netting around £3500 but then without buying any more properties, due to getting educated, I was able to increase that to over 8K a month. Why did you want to invest in property? I got into property by accident, because I had a retail business. On several of our units, we were able to get the freehold, so we then started buying various over the years when they became available because it can help enhance your balance sheet. I love property because if you hold it for long enough it will go up in value. What’s your favourite property strategy? My favourite is deal packaging because it’s all about the cash. I have residential and commercial properties, but with deal packaging, you can get cashflow without having to get any more tenants. I had a lot of contacts where I didn’t want to buy so I could then help others by selling them on.  What’s your journey been to being on the stage at the 10x Super Conference? In 2014 I threw myself into deal packaging, and it was a lot of work to do initially. 12 months later I learnt about the speaker training at Progressive, and took the course, to become ready to speak. I would then drive around doing twenty-minute slots in various locations around the country.  Who is your biggest inspiration? In business and in property, I think Progressive Property is something special. How Rob and Mark have built this from nothing over the years, is incredible. Special people are going to be in the room at 10x conference.  How has deal packaging changed over the last few years? The cutting edge deal packaging is around serviced accommodation. When I first came into property serviced accommodation wasn’t a thing, but it’s the way to earn money quickly in property. Rent to Rent deal packaging is also an area where people are earning a lot of money very quickly.  Why should everyone be excited about the 10x super conference? Mark Homer who is the smartest man in property in the UK and one of the smartest men in business and he is speaking. Grant Cardone, is there, who will 10x your life and supercharge your property business. Finally, we have Rob Moore and all the other speakers. Then there is a secret speaker who is a major player in property, all to be revealed. What does 10x mean to you? For me, it feels aspirational. It can be a goal in the future for anyone. If you aim for 10x then even if you don’t get there you’ll still be making a lot of money. It changes your mindset, your contacts change, your friends change and the way that you think changes.   Valuable Resources https://www.10xpropertysuperconference.com/10xhome   Best Moments ‘When I started there was no property education.’ ‘Everything stopped in 2008, because of the crash.’ ‘I spent three years at home.’ ‘I joined the deal packaging family.’ ‘The power of the property was keeping my business going.’ ‘I got into property by accident.’ ‘Property is the most passive way to keep my finances up-right.’ ‘Deal packaging allows for cash flow without any tenants.’ ‘I work with people in my business.’ ‘My job now is investor facing.’ ‘Your the go-to expert for deal packaging.’ ‘If you know how to do it then you can find deal packaging next week.’ ‘If you can build your war chest now then you can fund your property business.’ ‘Progressive property is a magical place.’ ‘We are changing lives here.’ ‘Everything I have achieved as a speaker I owe directly to Rob Moore.’ ‘You have to put the work in.’ ‘I was totally committed.’ ‘I practice my speaking, and all the conversations I have with investors and builders.’ ‘You have to get the training, and work hard.’ ‘In deal packaging, you have to know all the property strategy.’ ‘You can now book serviced accommodation on your phone.’ ‘I love learning all the time.’ ‘What gives me the drive to keep going is helping people.’ ‘10x is a whole mindset shift.’ ‘10x is about the bigger picture.’ ‘I’d spent 40 years in business without a 10x mindset.’ ‘If I’d had the mindset 30 years ago I would have been a different person.’   ABOUT YOUR HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell ABOUT THE GUEST David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours. CONTACT METHOD David’s LinkedIn David’s Facebook
20/05/1941m 48s

Go BIG or GO HOME (Lies)

Is going big or go home the right strategy? You hear a lot of people, especially on social media, talking about ‘going big or going home’ as being the right strategy but what if this isn’t right for you and your circumstances? In this episode, Kevin talks through why you should ignore that talk and focus on your own goals. Kevin talks through the best ways you can set SMART goals in your property business, whether you are aiming to save for your pension or you want to become a property multimillionaire. If you haven’t set your business goals yet this is the episode for you.   Key Takeaways Everyone’s goals are different. It’s important to set goals that are important to you, and related to what you love not influenced by other people. Sometimes, it’s enough to know that you can quit your job if you need to. You might love your job but would like to build a bigger pension pot.  Even aiming to earn £3,000 to £5,000 a month from property is a great goal. We don’t all want to own hundreds of properties and that is fine.  It’s important to set your goals effectively, whatever they are. Make sure you write your goals down and that they are not dreams. To ensure they are not dreams work out how you are going to achieve these goals and when for. For example, if you want to earn £5,000 a month from property, set a date in the future when this will happen. A really good technique for goal setting is SMART which stands for Specific, Measurable, Achievable, Realistic and Timebound:  This means being really precise in what you want to achieve, and how you are going to do it. For example, this could mean the type of property that you are going to purchase, how you are going to fund it or what type of marketing you are producing in your property business. How are you going to measure where you are in your journey? In terms of marketing; how are you going to measure the success of your marketing. Once you start to measure your marketing results you can create Key Performance Indicators (KPIs.) KPIs allow you to adapt and change based on evidence. You will know how many leaflets you have to deliver to get one deal through for example.  Make sure that your goals are achievable from the position that you are starting from and in the time you’ve set. Recently I heard of one client who had a goal of purchasing 2,000 properties within two years, all of which would be through a tenant buyers process. Progressive Properties, which has been going for ten years only has around 700 properties, so this was just a completely unachievable target.  When setting your goals you have to make sure that they are grounded in reality. All sorts of factors can make a property deal realistic or not such as access to finances, JV partners, savings and where you live in the country. Similar to achievable make sure you are being realistic in your goal setting. There is nothing more disheartening than a goal which is not achieved because it was too unrealistic to start with.  Time-bound. Make sure you give yourself a deadline for your goal. This might be delivering 1000 leaflets by the end of next week, or speaking to five estate agents in a day. Once you have a time-bound goal you can measure where you are against that goal.   In our day jobs, we are sent on lots and lots of training. This is to enhance the companies profits not just give you a good personal development day. Similarly, in property, make sure you educate and invest in yourself to make the most money possible and achieve your goals.  Best Moments ‘Everyone needs to focus on doing what's right for them.’ ‘Don’t worry about other people’s path.’ ‘What’s important is how smart you work.’ ‘Don’t have dreams, have goals.’ ‘Focus on you and your goals.’ ‘KPIs are critical for all successful businesses.’ ‘I’m always checking where I’m at in terms of KPI’s.’ ‘Be specific about how you are going to measure your success.’ ‘The reality is that a lot of people have dreams rather than goals.’ ‘Where success happens failure often has happened at some point before it.’ ‘We are all failing forward.’ ‘Sit with your mentor to figure out your realistic goals.’ ‘Stop listening to all those 5 am club people.’ ‘Focus on your own path.’ ‘Do something every day that gets you a little closer to achieving goals.’ ABOUT YOUR HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell
13/05/1919m 10s

Mark Homer: The Quickest Way to Get Started in Property

Would you like to network with 12,000 like-minded property investors? Learn from some of the most experienced, and successful property entrepreneurs in the world? Then the 10x Superconference is for you. Kevin interviews one of the speakers at this year's conference, which is all but sold out, co-founder of Progressive Property Mark Homer. Mark talks about his journey into property, what are the best strategies at the moment and what he’s going to be talking about in his presentation at the conference. If you’re looking for a reason to book your ticket to the conference, then listen ahead to this fascinating interview with Mark Homer.    KEY TAKEAWAYS Most of my time is spent doing property deals, running our property business. I’ve bought, sold and refurbished over 800 properties. At the moment I'm doing a lot of commercial conversions into residency. I help oversee our letting agency and the numbers for the business.     Why property? It’s all about the returns. When you’re talking about property things start and finish with return on capital invested. There are lots of leverage you can get on one single let, compared with other investment types. I’m doing more and more, larger buildings where you can get a return of 25-30% back on a property. Not many other investments would give the same returns as property.     I started with small terrace houses. I was buying, refurbishing, and building up my portfolio. I graduated into bigger buildings, and HMO’s. It’s been a fifteen-year journey for me where I’ve ended up doing more and more commercial conversions from pubs and empty buildings.     What's your preferred strategy? This is very much based on things that are of their time. I’ve recently gradually started doing more and more commercial conversions around putting a retailer on the ground floor and converting the higher floors into flats for example. Often the projects I do are opportunity-led and of its time.     Whose has been your inspiration? In terms of residential and property, I would say Andreas Panayiotou. I think he ended up owning thousands of properties in London over the years. In terms of investors, I do think Warren Buffet is great. I love his long-term attitude to investing and he compounds his returns.     Why do you think you should attend the Superconference? I’ve moved on in my journey because I’ve learnt from other people. I’ve learnt how to do the tax, contractors and others. At this conference, there will be 12,000 other property investors in the room and the speakers. Grant Cardone portfolio is nearly a billion dollars. We are all doing different things.    What are you going to be talking about at the Superconference? Lots of things are changing in our economy at the moment and I'm going to be talking about how we can take advantage of the uncertainty. I’m going to go through a couple of case studies which I’m working on at the moment.     Is there 'one' really exciting thing about the Super-conference? In terms of finding the right commercial buildings, finding the right partners and finance. I think people will hopefully get a lot of interesting different things. There will be a lot of different mindset of things there with Grant Cardone. I’ll be speaking and learning about different strategies.     Top three benefits of attending the Super-conference? Property starts and finishes with income, and cash flow, replacing that income. Networking with other people and are like-minded. How inspiration is it to have all these speakers who are coming,     What has property done to 10x your life? 10x is different to me than for others. For me, it’s around commitment but growing in stages and making mistakes at the right level. As soon as you know everything and you have the right data it's vital to scale up. If you know it works you need to make sure that you scale it up to make it work.     BEST MOMENTS ‘Most of my time is spent doing property deals.’  ‘The returns are really good.’  ‘The stock market is harder to get right.’  ‘I like turning older properties that haven’t got use into residential properties.’  ‘Often the best time is now to get into property.’  ‘Don’t extend yourself at the minute as we are in the second half of the cycle.’  ‘Warren Buffet has been a big inspiration for me. He reads for hours everyday.’  ‘The experience and knowledge is deep in lots of different niches.’  ‘There are lots of different options even if you don’t have any money.’  ‘I met lifelong friends at the last conference.’  ‘Always invest locally.’  ‘Try and avoid scattergun approach.’  ‘Try and find the best letting agent.’  ‘If you go to a new town you have to learn everything all over again.’  ‘You can make millions of pounds in one deal.’  ‘If you don’t know the detail, and start from the bottom you can lose out.’  ‘Everyone is always learning.’  ‘The inspiration you will get from all these people.’  ‘You have to work hard and work smart.’  ‘Get into your niche and be the best at whatever that is.’  ‘I’ve moved on in my property journey by learning from others.’    VALUABLE RESOURCES www.10xsuperconference.com     ABOUT YOUR HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     Contact Method  Facebook: https://www.facebook.com/kevinMcDonnellProperty/  Official Website: https://kevinmcdonnell.co.uk/  No Money Down: Property Investing by Kevin McDonnell  ABOUT THE GUEST Mark Homer  Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.    CONTACT METHOD Markhomer@progressiveproperty.co.uk  https://www.linkedin.com/in/markhomer1  https://www.facebook.com/markprogressive  https://twitter.com/markprogressive
06/05/1929m 49s

Is No Money Down Possible?

Ever thought that you can’t buy property because you don’t have a 25% deposit, or you don’t earn enough to gain a mortgage? Well, there are plenty of ways for you to invest in property, with either no money, very little money or with someone else’s money. Kevin this week talks through the various different ways that are available for you to invest in property with ‘No Money Down.’ From using rent-to-rent and Planning Gain, listen from the expert in ‘No Money Down’ property structures to make sure you start investing in your future today.   Key Takeaways Do you know people who own a lot of property? Do you know them personally or have you read about them? The reality is they probably get there by doing ‘No money down’ property deals. They didn’t do this by working in a job to save for a job. If you don’t use ‘no money down’ investing otherwise you won’t own enough properties.   What is ‘No Money Down’ Property investing? There are three types of ‘No Money Down.’ It could literally mean there is no money down on the property, or there is very little or no money down on a property. Would you be willing to purchase a property for £1 which is worth millions and gives you lots of passive income? The final meaning is where you use other people's money to put down on a property.   What ways can you do ‘No Money Down’? People say you need a mortgage or you need 25% or you need to go through an estate agent, none of these things is necessarily true. This is not what creative property investors do.   You need time, you need knowledge, you need the money to get into Property. It doesn’t happen to be your money, however. There isn’t enough money to give back everyone the money there is in their account. A lease option is a really powerful strategy, which allows you to control someone else's property. When you buy a house, you get a title deed. It has the owner name and it has the address on it alongside anyone else who has an interest in the company. This means you get control of the title deed, which gives you control of the mortgage, cash flow and profit.   Rent-to-rent is a great option. You can get control of other people's property and the cash flow without the deposit. We’ll get the landlord to make sure that there is a few months free rent, you can even get the furniture in buy now pay later scheme. You rent the property, and then you put the tenants in the property. People don’t want the hassle of managing a property. If you don’t have a deposit rent to rent can be great.   Rent-to-Buy. There are lots of people who are in rented accommodation and they want to buy a house but they can’t afford to. You pay the market rent and have an option to buy later. The purchase price is locked in on day one. So you can move in, or someone else can be moved in. There is no cost to the landlord, the purchase price can be increased.   Buy-to-Flip. There are costs to this when you are doing the refurbishment. Buy-to-flip has to pay an additional 3% stamp duty which has eaten into profits. But an assisted sale could be useful. This is where you joint venture with the homeowner. You pay the refurbishment and increase a purchase price up front. You can split the sale cost after the event, so it's a win-win from the homeowner. You can joint venture with someone else to pay for the refurb costs as well.   Planning Gain. You don’t need to buy a house to benefit from planning gain. This could be where you get an option to buy on a plot of land, and submit planning permission and then sell your option to buy.   Best Moments ‘Just because some money is needed it doesn't have to be your money.’ ‘Don’t think that without any savings ‘Money doesn’t really exist.’ ‘The situation of the homeowner is more important that the ‘Lease option is a really powerful strategy’ ‘In a leasehold, you are not buying the house.’ ‘People don’t want the hassle of managing a property.’ ‘There are opportunities to make money in areas where people don’t want to do the work.’ ‘A tenant-buyer property contract you have the security of ownership.’ ‘Buy-to-flip pay an additional 3% stamp duty.’ ‘You don’t need to buy a house to benefit from planning gain.’ ‘Joint venturing is a hugely powerful strategy.’ ‘You can exchange your time and knowledge for their money.’ ‘Don’t pedestalize the money.’ ‘The more you network the more money you can make.’ ‘One of your greatest assets is the time and willingness.’ ‘Ask people to look at your deals before you go to investors.’ ‘Don’t chase for the money.’ ‘Sell through not to.’   About Your Host Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell
29/04/1927m 8s

10 Reasons to Invest in Property RIGHT NOW!

Property is one of the safest and most lucrative investment opportunities. If you have been procrastinating buying your first property, or delaying starting your property business, Kevin has ten reasons why you should start investing in property today. Property is great to leverage, you’ll get instant equity, and it gives you a better return than any bank will these days. Listen to the ten reasons why you should be investing in property right now.   Key Takeaways   Population Growth. The UK population has increased, a record, 8% in the last decade. This is getting bigger every day, and there is no more land so there is a housing shortage. We’re not building homes quick enough, which is pushing house prices up. There are 100s of thousands of empty properties that are ready to be brought back to the market. Generation Rent. We are right now living in generation rent because people can’t afford or don’t want to buy their own house. Throughout history, we have a much more own-house mentality in the UK compared with other Europen companies. The average age for a first-time buyer is mid-30’s. A quarter of the UK population will rent by 2021. Property allows you to leverage money more than any other investment class. The same £100,000 goes a lot further than investing in stocks and shares even if the property market goes up half of what stocks and shares do, you’ll still get good cash flow. You can leverage everything including estate agents, letting agents and solicitors to make sure your time is used most effectively.   Instant Equity. You can make equity on the same day when you purchase property. You can think about the potential future value of a property where you turn a 3-bed house, to a multiple ownership house. You can add instant equity, over a matter of weeks.   People always tell me they are always waiting for the right time to buy property after Brexit for example. You should always just buy now. It doesn’t matter about Brexit or a recession but it matters that you buy property now and make money now. Don’t try and guess whether the property will make you money in the future because that’s gambling.   Section 24. This means that landlords, anyone who has more than one property, will no longer be able to claim their mortgage payments as a tax-deductible expense. A lot of landlords had been buying properties in their personal name so they have moved from profit to loss. To avoid this you have to buy properties as a limited company. This means that there are a lot of properties on the market from Landlords trying to sell their properties.   Brexit is all over the news at the moment, and no one knows what is happening. They cause the newspapers to hype things up. One thing for sure is that people will need to live in houses. We need to be ready to make successful property purchases in this business.   More and more people are waking up to the reality of their pensions not being worth as much as you had hoped. Most people do not have enough from their pension to live off when they retire. The retirement age is getting longer and longer, further and further away because of the pensions deficit. I use my pension through SASS and SIPP to purchase commercial, and residential property, which gives me a far greater pension than my previous job ever would.   Property Investment is much better than leaving it in the bank. You will get a much healthier return even on a single let property compared with leaving your cash in a bank. Once you have more than £85,000 then your money is not protected if the bank went bust like Northern Rock. Putting your money in bricks and mortar protects it from inflation.   Political and Economic Stability. We are living in one of the most politically, and economically stable countries in the world. It’s probably the safest property market in the world. Even with Brexit, we are living in one of the best countries in the world to invest in property. Sometimes we take that for granted.   Best Moments ‘Success leaves clues.’ ‘Some of the most successful people have made their fortune from property.’ ‘More people are looking to rent by the room, and smaller properties.’ ‘The UK is more crowded than any other EU company.’ ‘The UK will have double the density than Germany in the next ten years.’ ‘We’re not building enough stock.’ ‘The number of houses now is at its lowest since the 1920’s.’ ‘It is not cheap to build houses.’ ‘Rental maybe a good thing to move around but it's not a good thing to build wealth.’ ‘You can outsource everything and retain most of the money.’ ‘With property you can add instant equity.’ ‘You have to buy for cashflow.’ ‘People went bust in the recession because they didn’t buy property for cashflow. ‘You don’t wait to buy property, you buy property and wait.’ ‘Now has always been the time to buy property.’ ‘There is no such thing as jobs for life anymore.’ ‘Always look for win, win opportunities.’ ‘Be greedy when others are fearful, and fearful when others are greedy.’ ‘Just one property will be a great addition to your pension.’ ‘Use property to grow our pension.’ ‘Your money is getting eaten away by inflation.’ ‘Sometimes we forget just how lucky we are, and gives us the freedom to live our dreams.’   About Your Host Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell
22/04/1936m 31s

10X Your Life! Interview with Multi-millionaire Entrepreneur Grant Cardone

Have you already got your hands on the 10X Property Super Conference tickets? You better be! This episode of the Progressive Property Podcast might convince you to stop doubting about going and finally decide to go the biggest property network event of the year. Today, Kevin interviews Grant Cardone, the Founder of Cardone Capital and the best-selling author of ‘The 10X Rule’. This shall give you a good sneak peek on what the 10X Property Super Conference shall offer since Grant will be a Key Speaker for the said event and will be sharing more of his experience, tips, strategies, and resources on the event itself. Grant advises that you – with your positive mindset, vibrant energy, and exciting ideas – be ready on meeting new people that could help you and also collaborate with, in your property journey. Discover more about Grant when you tune in! KEY TAKEAWAYS Why is property a major part of Grant’s business? According to Grant, for people who want to grow their wealth, property investment is the most straightforward, least complicated and most conservative way. You don’t have to graduate with flying colors or join elite groups to be the best real estate agent.  You just have to equip yourself with the knowledge, skills and the best judgment in choosing your properties. What makes Grant different from other real estate agents? He sees so much possibilities with real estate at this point in time. Grant’s tip on how to not lose your property: Make sure that it provides income that services the debt and operations. Do your homework – research so there is always certainty. Don’t panic. Buy the best piece of land and you’re going to be fine. How important is network? If you don’t network with the right people and wait until the crash to move, then you’ll never get great deals. “Commercial real estate is not controlled by individual owners; the best real estate is controlled by brokers and financial institutions.” Grant’s advice to those who are just starting in real estate. Network during the 10X Property Super Conference. Start studying the key speakers so you know the right questions to ask. Don’t buy on a budget. What worries Grant today? Grant recalls the first deal he ever made where he relied only on how much money he got that time. It was a bad decision which has put him in the bad spot. He wished he knew that lower cash flow in better locations appreciate when things blow up. What’s the most important skill for Grant? Be persistent and keep going. If you got knock down, get back up. Study the rich people, the financial institutions, and the insurance companies. Where do they buy? BEST MOMENTS   “I’m a hardworking person, I didn’t have connections, and I didn’t have money. In real estate, unlike any of my businesses - I run seven businesses, but real estate is the simplest of them all.” “I think people are underestimating the possibility with real estate at this time in the world.” “Cheap is cheap.” “Find something that’s going to be a great investment.” “I would rather have a lower cash flow in a better location.” “If you know you can do more, then do more.” “I don’t find my luck if I don’t work.”   VALUABLE RESOURCES bit.ly/10xpodcast 10X Property Super Conference with Grant Cardone & Mark Homer (June 7-8, 2019) The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone   ABOUT THE GUEST Grant Cardone is a multimillionaire entrepreneur whose personal property empire is valued at over $900 million. He is also the Founder of Cardone Capital and the author of the best selling book, The 10X Rule. Official Website: https://grantcardone.com/ Grant’s Twitter: https://twitter.com/GrantCardone ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell
15/04/1931m 9s

Guide to Buying Property at Auction

In today’s episode of the Progressive Property Podcast,  Kevin McDonnell discusses action, buying at auction, selling at auction and the difference between buying at an auction and buying through estate agents. Learn the tips you need to know before buying at auction and the types of auctions that offer the best property opportunities. KEY TAKEAWAYS What’s the difference between buying an auction and buying through an estate agent? the main key difference is, when you purchase the property through estate agents, you get the opportunity to go visit the property, have a look at it may be more than once, maybe two or three times even just so you're really comfortable with that property, you could get a builder to take a look at it and get some quotes on the maintenance, so you're really clear on what your numbers are before you buy, but also, when you put your offer forward and you start the process of purchasing, you can change your mind. So if anything pops up, if your circumstances change, you can back out of the deal. The difference with an auction is once you secure the purchase, so if your bed is the highest bid on the day of the auction and it's higher than the reserve price, then once that hammer drops, you are legally bound to buy that property within generally 28 days and if you don't buy it, then you would lose your 10% deposit money. So they the owner of the property would receive the 10% deposit money plus fees in some cases, and they'd be able to have their property back and maybe stick it in another auction. Buying at auction, you can get some amazing deals, but you can also get what I call property dogs, and they are properties that are not anywhere worth what they may think they're worth and properties that have got problems. So traditionally if you go to an estate agent to sell a property and maybe it's got some issues with the title or a Scott some covenants on it, or it's got structural issues or subsidence issues, any type of issue with the property, that would be picked up really quickly through an estate agent purchase, but in auction, if you don't do your due diligence, if you don't do your research before the auction, if you don't look at the property, check it out, then you could end up bidding on this property, purchasing the property having to put down your 10% deposit, and then finding out somewhere between the drop of the hammer and the 28 day completion period that you haven't quite bought what you thought you'd bought. Tips you should have before buying at an auction. Before the bidding starts, you've got an auction pack, which is basically a legal pack of all the information that you need around the property, you need to look at this legal pack. If you are not familiar understanding legal packs, get a solicitor to read through that legal pack and make sure that it's very clear that there are no issues with the property. Number two always views the property. Showing up for the auction and showing up on time is very important because you want to see if there's another interest in the property, see what other people are talking about, get into some conversations. Don't let anybody know, though, that you're interested in that property or which one you're interested in. When the bidding starts, you have to watch out for the auctioneer and what's called off the wall bids, because what you'll see is the auctioneer is trying to show some interest, and he'll start bringing the price up and they can do anything they want between the first bid and the reserve price because it's not for sale. So they'll start taking bids in what's called off the wall and they'll point and random people, but not at any specific person. Now there are two different types of auctions. Online auctions and actual physical auctions where there are an auction house and you have to show up and you're sitting in the audience. Reserve price. So how an auction generally works is you have a lot, so each property is listed within a lot and they're listed from lot one, for instance, if this 40, 50 properties in the auction, it will be listed from lot one to lot 40, lot 45, lot 50 in an order, and lot one is the first property that goes up for auction on that day, then lot two, lot three and so on. Now, each property when it's listed and advertised for the auction has what's called a guide price. Now the guide prices what the auction has suggested the property should sell for and then it also has the reserve price. Now the reserve price is the key because the reserve price is the price that the seller so the owner of the property is telling the auction has, if it hits that number, so the reserve price or higher, they will accept the offer and the property can be sold, but any offer lower than the reserve price, then it's not sold. BEST MOMENTS "What generally happens with the guide price is auction houses want to get you in early and they want to build interest and what you'll often see is the first few lots on an auction are priced with a really low guide price and the idea of this is not that they're priced wrong but the Auction House is trying to build interest in the auction and the trying to get people into the Auction House early." “Learn from other people's” “Surround yourself with people that can help you out when you are caught up in some kind of trouble.” “You can lose money or make money from property.” VALUABLE RESOURCES facebook/progressive property community.com youtube/progressiveproperty.com ly/nmdbook.com The no money down property investing book ABOUT THE HOST Kevin McDonnell  is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell
08/04/1924m 47s

Alfie Best: Interview With £350m Property Empire Owner!

Learn how to grow your property business quickly and understand the benefits of getting an education in today’s episode of The Progressive Property Podcast.  Today, Kevin interviews entrepreneur and property investor with over £250million pounds worth of property assets, Alfie Best.   KEY TAKEAWAYS  Property is a people business. One of the best gifts that you can be given is learning how to speak to everybody because you never know who's coming out from behind that door. It could be somebody 90, it could be somebody 15. They're from many different worlds. Learning how to speak to people on the spot is a massive education because it gives you the confidence to know how to speak to people.  How to grow your business quickly. Everybody has problems but your problems should not be an issue, your problems should be a learning experience and every issue that you come across makes you stronger for the next round. It's about going out for the fight, being fit for the fight, being fit for the purpose of the fight, and learning by your mistakes.  Education. Another thing you should do to grow your business rapidly is about knowing your business whether it is vehicles selling, whether it is property or whatever. Through education and learning how you should operate your business to reach optimum production of your company or business, you will always succeed in your businesses.  Self-belief that failure is not an option. This is something that should always be in you whether you are successful or not or whether you are rich or poor. Having this kind of spirit in you always keeps you going whenever the times get hard and be sure with this, you will always emerge at the top. We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from. We don't make mistakes unless we harp on them, what we do is we learn from them to not make that decision in that way again.   Be prepared to listen. There’s a reason we were given one mouth and two ears by God, this is so that you can listen more and do less talking. The more you listen the more you learn. This helps a lot because you get to learn more skills that you didn’t know from people by listening to them.  Ask if you are not sure of anything. Be prepared to take advice from people who have already achieved great success. Swallow your pride and ask, do not assume that you know everything which may cost you big in the future. If you want advice, don't ask the funeral or the undertaker how to arrange your wedding and don't go to the wedding exhibition expecting them to arrange a funeral, go to the right person to ask the right question, ask people that are within the industry.  When you're in a job that you love, do more than you're paid to do because you will be recognized for it and you will climb the ladder faster than anybody else in that company. Because people can see that you're somebody that is conscientious about what you're doing.  For you to achieve success in your personal and business life, you need to look at the company that you surround yourself with because if you surround yourself with people talking about football, you’ll talk about football, if you surround yourself with people talking about boxing, you’ll talk about boxing, if you surround yourself with people talking about business, you’ll talk about business, this is because we are all creatures of habit. Try to surround yourself with people that have the right habits.   BEST MOMENTS  “One of the best gifts that you can be given is learning how to speak to everybody.”  “Always learn through your mistakes.”  “Everybody makes mistakes, the two things you need to do is admit them and learn from them. People that can't admit them and people that can't learn from them will stay stagnant.”  “We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from.”  “You fail when you quit.”  “We don’t live long enough to make all of the mistakes ourselves, learn from others and life will be a lot shorter and a lot more enjoyable where your work is concerned.”  “A man with a plan will be a genius without a plan.”  “We are never ever too old to learn.”  “The only person that put somebody down is themselves.”  “Success is made up of good habits.”  “Believe in yourself and always listen to everybody but the advice you choose to take must be your decision.”  VALUABLE RESOURCES  Website: https://kevinmcdonnell.co.uk/   ABOUT THE GUEST  Alfie Best. He was working from the age of eight and with time, his entrepreneurial mind kicked in at an age of around 12 and 14. He got a 250 million pound plus empire in different types of property, mainly around stuff like Park homes, commercial buildings, and other assets across land developments, different stuff.   CONTACT METHOD  www.twitter.com/alfiebest33   ABOUT THE HOST  Kevin McDonnell  is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD  Facebook: https://www.facebook.com/kevinMcDonnellProperty/   Official website: https://kevinmcdonnell.co.uk/   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell
01/04/1957m 20s

A Massive 10x Announcement

The 2019 10X Super Conference is going to be a very different style of property event. You’re going to learn, the new cutting edge property strategies, the quickest cashflow strategies and the low money down, no money left in deals all property investors are after. Over the weekend, our expert trainers will share with you why you don’t need mortgages, deposits or large sums of cash to get into property. If you're thinking about going to a property event of any kind, get yourself to the 10x property super conference, it's going to be the biggest and the best property event of the year, it's going to be bigger and better than any event that Progressive or any other property event the country has held before. Come and learn from the real property people who are not just talking the talk but walking the walk. www.bit.ly/10xpodcast 7th-8th June 2019 KEY TAKEAWAYS What is Property super conference? The property super conference is something that progressive property used to run in the late 2000s, early 2010s. progressive property has run a number of super conferences but they've not run one for six years now, and Grant Cardone who some of you will be aware of, who's the author of the book 10 X, and is a massive, massive property investor and business entrepreneur in the US has joined forces with progressive to bring the 10 x property super conference to the UK. This is an event where Grant Cardone himself and many other expert property trainers will be sharing their knowledge on how to become a successful UK property investor. The advantage of this event. This event will help you to generate a monthly cashflow and multiple streams of income. Seeing somebody else become successful is something that gives you a kick in the ass and lets you know that you can be successful too. Believing that you can do something and always focusing all your efforts towards it will ensure your success. At the conference, you will be taught how to believe in yourself and achieve your dreams. At the event, you will realise that we are all the same, whether you are rich or poor, we are all the same and that you also can become successful in your business and become rich too. We're all on the same journey. We're all from the same place, we all grow up, we all get jobs, and we can all learn anything. The 2019 10x super conference will show you that you don't even need to own property to get to 3k to 10k a month cashflow, you can make it through controlling other people's properties, you're going to learn low money down, no money down and how to use other people's money. The most creative ways to own, flip, rent out and control property without spending your own cash. You're going to learn how to retire on one deal, scale from single lets to big projects that kick out cash flow and give you lump sums 10x bigger than the small deals you might be doing now. You're going to learn the newest ways to source, rent out and leverage properties for fast and lasting cashflow, capital growth and empire building.. BEST MOMENTS “You learn from your mistakes.” “Mark Homer doesn't speak at many property events and having him talk at the at the super conference and getting the opportunity to listen to him speak is a huge, huge opportunity for you.” “People are always the same.” “The conference has changed many people’s lives and they are now successful and if it has done that for them, it can do the same thing for you.” “If you're thinking about going to a property event of any kind, get yourself to the 10x property super conference, it's going to be the biggest and the best property event.” “This conference is not just for people with properties, but also people with property that want to really scale their empire. It’s for everybody at all levels through the weekend.” VALUABLE RESOURCES bit.ly/10xpodcast ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell
28/03/1911m 55s

Get Educated! Or Pay For it!

The Progressive Property Podcast has changed hosts. While Peter is spending more time in his Portugal villa Kevin McDonell is taking on the mantle as your host, and he has some great ideas on how to take this podcast to the next level. In his first solo podcast, Kevin talks through his property journey. Kevin explains how he has learnt from his mistakes in investing in property abroad and through education and meeting the right people he’s been able to build a multi-million-pound property business. Learn from the expert of No Money Down deals, and join this new chapter of the Progressive Property Podcast.   Key Takeaways How did I get here? I’ve been involved in property for a number of years, I attended some property training back in 2003. I became really excited about property and what it could do for me. I’d seen how successful other people had become from property. The Celtic boom in Ireland was all based around property, and I didn’t think I needed any training.   I initially invested in Turkey. That property got built, but while it was being built I decided to look at more. I took a flight out to Estonia to build a two-bed apartment over a lake. I bought that for just over €36,000. Everything was going great, and I thought I was a professional property investor. I went and did this all again in a Bulgarian ski resort.   But then I had no contact from Estonia. It went dead. They had shut up shop and closed down the business. All the developments had been stopped, and we lost our money. Bulgaria and Turkey did get built, but there were expensive management fees. After we removed them the old management company took everything from that company. We realised that they were linked to the mafia in Bulgaria.   I had done nothing between 2009-2013 but then I attended a progressive property event. I met other people who had been in a similar situation, lots of debt, only a few years before, and had come through the other end really successfully. Since then I have focused on joint strategies, and using other people's money to get property. I have become an expert in no money down property financing and now teach on the progressive property courses.   The past is the past. You can set a new future. The one thing I used to do was focus on property in one hour before and after work. I didn’t lose an hour each side of my day only around twenty minutes because I avoided the traffic. I also got bigger pay rises and bonuses from my work because of the perception that I was working harder. I see a lot of other people waste time, by having a chat or taking a longer lunch. I wanted to use my time as effectively as I could. We all have the time available to commit to property. Property in the last four years has changed everything in my life. I was living in a room as part of a HMO four years ago but last year I moved to my dream home. When you commit to property in the right way you can do it in quite a short space of time. I didn’t set out to build a multi-million pound business in the first few months. You don’t want to run before you can walk. Just start with one property, and then cookie cutter the process.   I love property. I love the lifestyle it allows me to have. It allows me to spend time with my family, see my son take his first steps. I’m not into posh watches and fast cars. I want to provide for my family. My parents sacrificed a lot. We weren’t wealthy but we were just ok. I don’t want to have to sacrifice as they did.   Best Moments ‘Make hay whilst the sun shines.’ ‘Everything was going great, I thought I was a professional property investor.’ ‘The mortgages never happened after that because of the 2008 crash.’ ‘I got myself into huge debt.’ ‘The only way you faily in property is if you quit.’ ‘Having the right people around you helps accelerate your success.’ ‘I see the money that I lost as an entrance fee.’ ‘I have made lots of mistakes in property.’ ‘I now make more money from property that I had lost.’ ‘Property is very forgiving.’ ‘The past is the past. You can set a new future.’ ‘I bet you can think of time in your day where you can do stuff on your business.’ ‘How are you making use of your 24 hours.’ ‘Focusing on replacing your income, so you can get your time back.’ “If you bite off more than you can chew then it feels a lot worse when you fail.’ ‘Use small steps on your business/property journey.’ ‘I don’t want to sacrifice like my parents did to provide for my wife and kids.’ ‘You need to get educated like I did.’   About Your Host Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell
26/03/1919m 0s

Peter's Fairwell, Introducing Your New Host! Kevin McDonnell (Feat. Rob Moore)

Peter’s Farewell and His Ultimate Advice for Property Investors If there’s one thing that our host Peter Jones learned while he was producing content for all of you, it was the importance of freedom. He’s joined today by Rob Moore and Kevin McDonnell. Peter says his farewell and shares his experience while he was podcasting. He also gives his ultimate advice to property investors out there; it’s important to do networking, so you see more significant results. Today, we also welcome the new host of the Progressive Property Podcast for the upcoming episodes, Kevin McDonnell! He’s excited to share new stuff with you and are open to suggestions so make sure to let us know what you want to hear in the future episodes. KEY TAKEAWAYS Peter has been podcasting for over two years. He has produced more than 100 episodes with great and entertaining content about property and business. One of the things that he emphasizes a lot when creating a business is the importance of financial freedom and passive income. Freedom, above all, is what Peter values, and this is what he wants to explore when he gives up podcasting. Peter has excellent reviews from people over time because of his expertise in property, his flow, and his storytelling voice. Progressive Property Podcast episodes won’t be taken down and will be available anytime and anywhere for free for those who need of resources about property and everything else. Kevin McDonnell is excited to be the new host of the Progressive Property Podcast for the upcoming episodes. Peter’s ultimate advice: Network. Think about who you network and who you deal with. It makes the biggest difference in your property journey. BEST MOMENTS   “One of the things which I realised when I came to Progressive is that my highest value is freedom.” “The one thing that makes a big difference in their property journey is networking.” “If you’re just new to property, if you’re just new to Progressive, you probably don’t understand yet the power of being in a network, and the difference that can make in your financial life is absolutely key and crucial.”   VALUABLE RESOURCES Progressive Property Progressive Property Masterclass Rob Moore ABOUT THE GUESTS Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage. “If you don't risk anything, you risk everything.” Facebook: https://www.facebook.com/robmooreprogressive/ LinkedIn: https://uk.linkedin.com/in/robmoore1979 Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD The Property Teacher Progressive Property
20/03/1911m 0s

Dan Hulbert: Interview with property Coach, Consultant and Investor

Fifteen years of practitioner experience in the building trade gives you an insight that many people would pay a lot of money for. Dan Hulbert has moved from working ‘On Tools’ to being a property investor and now property training all over the country specializing in refurbishments. Peter interviews him in this latest episode where their conversation goes from how Dan sources properties, what’s the best way to do a refurb, and he goes through his EMPTY model for getting into property. If you looking to do a refurb at any point in your properties this is the podcast for you.     Key Takeaways  Two or three years into the business of working ‘On Tools’ in carpentry, I realised there is more to life than being on tools and that there was a different way of doing this. Education was the key. I am interested in property, and business and started doing some coaching, and training courses in property. I wanted to be my own client. I’ve always wanted to teach others.    What strategy did you pursue? I teach the EMPTY model at the moment which is my own model for how to get into property. I was fascinated to find some people were doing it without any of their own money. I do a lot of business networking and I just talked to a lot of people about finance. I started by doing flips. I wanted to do things that got the money in straight away.     Networking Is Key. Show up to the event, always show up. Then be present and ask a lot of questions of other people rather than talking about yourself all the time. Finally, follow up over a call after the meeting. Then meet up over coffee later for a more in-depth chat.    What sort of properties are you refurbing? We are doing a lot of HMOs and we are looking at some flats next which we haven’t completely sorted yet. We do them to a very high standard. I have an advantage because I know the costings, and I can manipulate the costs lower. My EMPTY model is a good way of getting started with property:    EMPTY MODEL  E - Experience/Education - Leverage a team member, a partner. It could be education  M - Money - You don’t need your own money, but you need some money from somewhere.   P - Property - You need a property to be in property  T - Time - Time to put into the business, meet lots of people, and put things together.  Y - You - You're the driver. You are the most important part of the deal.    It’s important to focus on actual challenges like the below three ‘M’s rather than perceived challenges which often come from a wrong mindset.  M - Mindset  M - Motivation  M - Momentum     How do you find your properties? I’ve found properties in very different ways. I have really good relationships with the local estate agents. I don’t do a lot of leafleting but I write a handwritten note through the door to inquire about a property. There are specific agents that I wouldn’t work with, I wouldn’t get a deal from them. All the deals I’ve got are from smaller independent estate agents. Why not go and ask the estate agents if they have any properties?    I lost a lot of money in the building industry a few years back. That has made me put a lot of best practice in my business, a lot of systems and structures. I’m always striving to be the best. I’ve put in the right processes and strategies to ensure it works. I keep ensuring that things get tweaked to ensure that they are continuously improving.     How do you get to learn about costings? It’s like building muscle, you need to keep practising. There are systems that you can put in place when you get into a new area to learn about that area. You have to ask a lot of questions. Don’t be lazy: go and learn this stuff. Like anything, you need to do research.     There are three types of roles for property investors. You can be the manager where you subcontract to everyone, and you’re the project manager. If you’re new to property then this would be a tough job. Secondly, you can manage the manager where it might be more expensive but there are ways of bringing down costs. The third role is to employ a project manager, which can work on larger properties, but not so much on small. This way you leverage your time and bring in the relevant expertise.    Always make sure you have the right insurance in place. Public and Employer liability insurance is a must for your main contractor. Make sure you ask for a copy of their policy in full. You need an all-risk policy especially if you are removing the roof, as a normal policy won’t cover it as it’s exposed to the elements. If you are a limited company then you need Directors insurance, because of health and safety liability.     Important Steps to Refurbs. This is after your 80% preparation.   Strip out demos. Make the property a blank canvas.  First Fix - This is the most important part. It’s important to be on site. Things can be more expensive if you don’t fix them at this stage.  Second Fix - Decorating, hanging doors - Getting it to a finished stage.  Snagging - Silicon missing, screw missing - do the whole list and give the builder a week to complete these.  Final sign off - everything is complete, instructions for the oven etc are in the property.   Dress to Impress - Get a furnisher in. Get professional photos, and videography was done. These are all part of the extra investment.     Property Vault. The idea came in 2013 but didn’t really materialise until 2016. We do one event now, and we have a co-host/business partner. Because of this, I’m now being mentored by Rob Moore. We are aiming the event at people who are already in the game rather than complete newbies.     Best Moments  ‘The transition was working with a coach to figure where I wanted to be.’  ‘I wanted to be my own client.’  ‘I initially wasn’t interested in being a landlord.’  ‘I love joint ventures.’  ‘Networking was key.’  ‘If people say networking is not good, then they aren’t doing it right.’  ‘We broke a lot of rental barriers.’ ‘Property for me is very simple but its not always simple.’ ‘It all starts and ends with you.’ ‘The best property deals come straight to you.’ ‘I write a handwritten note through the door to enquire.’ ‘Everywhere has a strategy can work.’ ‘Make sure you get back to people on things.’ ‘Try and cookie cutter everything in a business.’ ‘Estate agents want this to be easy as well.’ ‘80% is in the prep when it comes to refurb.’ ‘Budgeting is the most vital thing to get right.’ ‘It’s all about building relationships with people.’ ‘People only know what they know.’ ‘Insurance is easy to sort out but it’s essential to get in place.’ 'I’ve got 15 years of systems because I’ve made so many mistakes in the past.’ Valuable Resources https://www.thepropertyvaultuk.com     ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.    On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.      CONTACT METHOD   http://www.thepropertyteacher.co.uk/   http://progressiveproperty.co.uk/      ABOUT THE GUEST  Dan Hulbert is a property Coach, Consultant and Investor, he works with people seeking professional advice and guidance within property investments. With 15 years' practitioner experience under his belt which started 'ON THE TOOLS' to now being his own client, working on his own projects. Dan's journey has led him to dedicate his life to teaching others by sharing his applied knowledge allowing them to grow through his lessons. Dan works on three elements ​MINDSET | MOTIVATION | MOMENTUM  ​All three must work together to achieve success. 'In property, the process is where you make your profit" CONTACT METHOD  Website: https://www.danhulbert.com/about   LinkedIn: https://www.linkedin.com/in/danielhulbert
19/03/1957m 0s

Mentors Matter; Tips to Investing in Property Properly With David Rumford!

In today’s episode, Peter discusses the value of mentors, the need for property education and why succeeding in property is simple when you surround yourself with the right people with the right knowledge. Join Peter and David as they bring you vital tips to growing your property portfolio and how you too, can become a Progressive Property Investor.   KEY TAKEAWAYS  Partnership and teamwork. As a starter in the progressive property, you should always look for a person who you can work with side by side and who you can invest with. This helps a lot because you end up making a well-informed decision because you discuss with your partner before making the decision.  Mentorship. For you to succeed in dealing with properties, you should always have a mentor by your side so that he or she can advise you on things that you are doing in the property investment. Have a mentor who has good information or background or is dealing with properties.   In properties, you can also do commercial conversions. You can convert a commercial premise and turn it to a resident and start dealing in properties now.   Confidence. These require someone with the confidence to even go ahead quitting the job in order to join the property community and start dealing with properties. This is a trait to achieve success in dealing with properties.   Education and knowledge. The background of success in properties is getting the right education and using it in the right way. Always have the knowledge behind everything that you want to do.   Advertisement. This is the process of providing information to the community so that they can be your customers.   Joint venture. For you to have success in your property deals, you should always look for a joint venture because you share the funding and when the business doesn’t succeed, you also share the losses together.  You should not have a ceiling to what you want to achieve. If you want to do commercial conversions, it's really great to have an initial base in property, try and do something first.  BEST MOMENTS  “You have to find out what you enjoy doing.”  “Having partners in your business always keeps you on your toes.”  "The road is not always easy, you should expect ups and downs in your business life,"  “In these uncertain times, it's good to have a mix of different finance models.”  “If you have a certain amount to go into a project don't go and think of putting this into the project, think of holding that back because you'd be surprised how many different things could go wrong in a project.”  “If your heart's not in it, don't do it because it will always come crashing down. Do something that you believe you in and you really enjoy.”  VALUABLE RESOURCES  http://www.thepropertyteacher.co.uk/  ABOUT THE GUEST  David Rumford is in progressive property community. He started dealing in properties in 2010. He now relocated to Peterborough to invest and be closer to Progressive’s training. He has spent about 15 years in the corporate world before joining the property community working in logistics.    CONTACTS  http://www.thebathapartments.co.uk Email. david@buildingoninvestments.co.uk    ABOUT THE HOST  Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.   On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.   CONTACT METHOD  http://www.thepropertyteacher.co.uk/  http://progressiveproperty.co.uk/
12/03/1941m 42s

Interview With Property Investor, VIP Mentor & Lettings Agency Owner; Derek Pape

Tune in to today’s episode of the Progressive Property Podcast to hear you host, Peter Jones interview prestigious property investor, VIP mentor and letting agency owner, Derek Pape. Derek and Peter discuss all things property from creative investment strategies to advertising your property business, why mentors matter and how to be successful in property.  KEY TAKEAWAYS  Education and knowledge. If you ever want to succeed in anything you do in your personal life or even your business life, you should always try to learn about that thing you want to do, get the knowledge that surrounds that thing that you want to do.  Creativity. You must always have a creative mind if you ever want to survive in this world and be successful. This always comes in handy when you come across very difficult situations like being fired by your boss, losing your company etc.  Avoid panicking. Being strong and not always panicking when you are faced by challenges helps a lot because you even come up with a solution very fast and you get to solve the problem before it gets worse.  Advertisements. When you start your business, always try and spread the word about it to the people by advertising it so that people can have the information about it so that when they may need your services or their friends need your services, they may refer them to you or contact you on their behalf. With this, be sure that your business will grow very fast.  Having a mentor. This is a very good thing to do if you ever want to achieve success in your life because mentors help you to make a very wise decision on the things you want to ever do in your life.  Teamwork or partnership. If you want to achieve success in your life, you should always find someone who you can work with and achieve your goals.   BEST MOMENTS  “You don't know what you don't know.”  “If we knew then what we know now we would run the business totally differently.”  “You don't need money to invest in property because you can do options and you can do delayed completions.”  “We’re not all good at everything, but we are all good at some things.”  VALUABLE RESOURCES  http://www.thepropertyteacher.co.uk/  ABOUT THE GUEST  Derek Pape is a VIP mentor and also has a Letting agency. Derek is kindred spirited minded. Before Derek joined to do properties, he was an electrician. He is from Hartlepool up in the northeast. Derek sauces and packages deals and properties in his hometown.  CONTACTS  Email: derek@dpproperty.co.uk  ABOUT THE HOST  Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.   On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.   Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.   On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.   CONTACT METHOD  http://www.thepropertyteacher.co.uk/  http://progressiveproperty.co.uk/
05/03/1955m 17s

Commercial Conversions With David Kemp; Chartered Surveyor & Experienced Solicitor!

For anyone who wants to know more about commercial conversion, what is prior approval, the advantages of prior approval and risks you should avoid this episode is for you. Listen to Peter Jones as he interviews experienced solicitor and chartered surveyor, David Kemp. KEY TAKEAWAYS  Commercial Conversions: This is the ultimate course on converting the commercial property to residential.  What is prior approval? Prior approval is a bit of a fast track process, so instead of having to go through the very long elongated process of planning permission, it's a bit of a fast track. So it removes a lot of the obstacles to it and it's sort of a legal lead process with a bit of planning policy in between and because it's a bit like permitted development.  What are the advantages of prior approval? It takes most of the politics out of the process. So what you'll find is a lot of counsellors that can’t call in these applications because under the internal rules of every local council, they have what's called a scheme of delegation and sometimes if it's politically controversial, they don't like losing offices for instance, then counsellors try to call these things and they can't do that with prior approval. Prior approval is a much more straightforward route, it's a bit more technical and also it has a set period to be decided, in that applications have to be determined within 56 days or eight weeks and if they're not, then in pretty much all cases, if not most cases of what's called prior approval in the law, you get planning permission straightaway for the change of usage.   It's only for a change of use. There are a few exceptions around the law where you can have external alterations included, and you get that with agricultural prior approval from an agricultural building to residential, but most of it is to do with a change of use. So if you need to make external alterations to a buildings windows, doors, roof slope etc that sort of thing, then you have to apply for the Planning Commission separately for that.  Risks leading to you not getting prior approval. There are different prior approval, so there are offices to residential, there's agricultural to residential and so on so forth. You've got four risks under office to residential.    You've got noise. The premise that is to be converted from offices to residential must be in a location free of noise for you to get that approval.  You’ve got ground contamination. Some offices, particularly in rural areas, are built on former agricultural land so there may be pesticides and so the offices must be in a location which is not contaminated.  Traffic and parking. There should be ample parking lots for the total units in the premise. Sometimes before you're going to acquire a site, it's worth having a parking consultant as part of your power team.  Flood risk. There are two types of flooding that we tend to look at and that surface water flooding and also flooding from rivers and seas. The offices must be in a location that does not flood for you to get that approval from the council.  Instead of prior approval, when would you use planning? You need planning permission when you are erecting a new building or you're changing use. So whenever you fall into those two categories, you're going to need planning permission.  BEST MOMENTS  “So if you need to make external alterations to building it will have to like Windows, doors, change the roof slope, that sort of thing, then you have to apply the Planning Commission separately for that.”  “If there's something like an office building and you want to turn it to residential, basically the local authority can't stop you.”  “Wherever the air is more rarefied, there is an obvious opportunity there to steal a match on your competitors and pick up a site for pretty good value and to be able to do something with it.”  “Just use what's there, don't get clever.”  “The bigger the development, the bigger the mistake.”  “Choose one thing, get good at it, try and systemize it and control your time on it.”  VALUABLE RESOURCES  Website: www.thepropertyteacher.co.uk   ABOUT THE GUEST  David Kemp is a barrister, he is also a solicitor and he is also a chartered surveyor. He's got a lot of experience in planning and has done a lot with local authorities. He was a senior or principal planning lawyer for about 10 different councils. David has also done property education. He has worked with a lot of people in commercial conversion.  CONTACT METHOD  Email: david@drkplanning.co.uk   Facebook: David Kemp ABOUT THE HOST  Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.  On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.  CONTACT METHOD  http://www.thepropertyteacher.co.uk/   http://progressiveproperty.co.uk/
26/02/1959m 37s

Questions on BRR, Limited Companies& How to Influence a Valuer

In this episode, Peter discusses his answers to James questions from his experience in property. He also shares some knowledge on how to deal with JV partners, the things that you need to remember when dealing with joint-ventures and drawing up contracts and much more. James' Question “Wonder if you can help in raising finances, do you know of any solicitors who can arrange a contract to give the lender of the finance some security and confidence that I’m not going to or legally can’t take all of their money and run away with it? Do they have a floating charge on the property? Would you have a sample agreement you can forward to myself?” KEY TAKEAWAYS  Security to a Lender. James is wondering how to give the lender security and how to make the lender feel comfortable with lending the money. One of the key things you must do when you’re thinking about doing a JV and when you are thinking about raising your finance is to take the time to get to know the lender so that you can understand exactly what it is that the lender wants from you.  Different Personality Types. You can talk about any aspect of the property and it doesn’t matter what it is but we tend to think that whatever we think or whatever we feel is what everybody else is going to think or feel but it isn’t just the case. There are multiple personality types. Study the different personality types so that you will know how to approach a JV partner and how to get the best deal with them. You need to sit down with your JV partner and you need to understand what is important to them in a JV.   Make things less complicated. Ask your JV lender, what rate of interest would you like? What rate of interest would make this JV work for you? Asking these questions to your JV partner would most likely save you a lot of money and it will make your deal with them a little less complicated.  Do you need a solicitor to draw up a contract? It is important to have something in writing. But do you always need a solicitor to draw up the contract? When you become experienced, if it is a small simple deal, maybe you don’t. It is about scale and degree.  What sort of solicitor do we need to go to? We suggest that you go on to Progressive Facebook group and ask who people are using.  Sample agreement? Peter would not do that for the reason that every JV is going to be different. It is much better to start with a blank piece of paper, talk to your JV partner, make bullet points, heads of terms, and discuss between your JV partner/s exactly what you want and what you want to get out of the JV and what the JV looks like to you and which bits are important to you.   Main Terms.  Who are the parties? Who is borrower? Who is the lender? What’s the address of the property? Is the property gonna be provided as security? Is any other security going to be provided? What are the terms of the deal? Is it a profit share? Or are you going to be paying somebody interest? How much is the profit going to be? What is the interest going to be? What is the length of the term? These are the main things which we need to have down and to be understood.  What could potentially go wrong in a JV? We are not hoping that something will go wrong, but we should think about this. Think about the what could go wrong, make sure that they are in your head of terms, and make sure that the solicitor actually incorporates those into the JV agreement.  JV. Jv is a fantastic way of financing your deals and making sure that you can do more than one deal.  JV with older people. A JV with younger people and older people works really well. Most of the time, older people have assets. They have the capital but they don’t have the income. You as the younger generation might want to give them that income. It is a good collaboration.  Why would someone want to JV with me? When you have done 4 days with us on a masterclass, you will be able to look somebody in the eye and say, “I know about property investing.”  Do they have a charge on the property? It really depends on the lender. What do they want? Ask them what they want. Don’t assume that you are always gonna give somebody a charge. You can also give them a restriction. A charge will allow you to repossess a property whereas a restriction doesn’t.    BEST MOMENTS  “You need to be very very careful about assuming that you know what they (JV partner) need and want. Ask them what they need and want and then structure the deal accordingly.”  “At the end of the day, what’s important is getting down the main terms.”  “When you are thinking about your JV agreement think about all of the what ifs… think about the things that could potentially go wrong.”  “If there isn’t a basic level of trust then I’m not sure I’m going to do a JV with somebody anyway.”  “I don't know everything and I might make a mistake. And if I make a mistake, I might lose the money. Hopefully not. But I am never gonna run away with your money because that's not who I am. And if you think I'm the sort of person who could run away with your money, then I don't really wanna do business with you. And so I said, 'That's fine. Don't worry about it. I will find somebody else.' And I think they are taken aback by that but it had to be said and it had to be done.”  “Older people are good JV partners because older people stereotypically, I know it doesn't apply to everybody, but stereotypically older people are much more likely asset rich and cash poor, which mean that they've got collateral. They've got a property which you can borrow against if they're prepared to put them up as a security, and that's all well and good. And you can then give them a return. Lots of older people, they may have the capital but they don't have the income. So you can provide them with the income.”  “One of the things that you must bear in mind is that if at some point you’re gonna top up the JV funds with bank lending, for example, and if you think well can you actually do that? Well, yeah with the commercial conversions, something like that, you can do that. You need to make sure that there is no first charge on the property because the bank is gonna want the first charge.”  VALUABLE RESOURCES  Progressive Property  Progressive Property Masterclass  Tony Robbins  Rob Moore  ABOUT THE HOST[Text Wrapping Break]Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD The Property Teacher Progressive Property
19/02/1929m 50s

Interview With Property Investor, Public Speaker& J.V. Specialist; Emerald Fisk!

“If you want something, you can make it happen.” This is what our guest, Emerald Fisk, is going to prove today in this episode of the Progressive Property Podcast. Peter chats with Emerald about her journey in building her portfolio and achieving success while helping other people. Emerald started from absolutely nothing – no knowledge about properties and no connections with investors. But, what she has is determination and a goal – an outstanding capital for starters in property investing. Of course, she faced challenges and some struggles, but she didn’t let them get in the way. So, if you are just starting in exploring property investing, then make sure to tune in. A lot of your worries and doubts will be all gone as Emerald also answers some questions like: Should you go for the properties and finances first? Where do you find your goldmine area? Does it matter that you got zero knowledge about properties? KEY TAKEAWAYS Emerald was a Deputy Manager for a car agency before she decided she wants to work for herself alone and start exploring property investments despite not knowing even a tidbit about properties. She also became a personal trainer because she was drawn to one of her passions, her sport, rugby. Since Emerald bought her first property at 21, she set her eyes on properties that could be remortgaged, be rented out, or be invested on. So, she started looking for ways on how to learn the ins and outs. This was when she stumbled on Toni Gargan, a property investor and a trainer in Progressive Property, whom she’ll learn a lot and owes a lot of her success to. A goldmine area is an investment area where you buy our investment properties. It might be difficult to find the area that works for you, just like what happened to Emerald at the start. It became overwhelming when you make the decision since there are a lot of factors to consider. It took Emerald 6 months to decide on her goldmine area finally. She raised £400,000 while she was with Progressive speaking with various investors. She never needed to get from her own pocket for finances. Which should you be locking in first? Finances or Properties? For Emerald, its securing funds while eyeing on properties at the same time. There should be an investor right around the corner who’s ready to do a deal with you while you’re looking for properties. Peter says there is no wrong and right answer to this question. Do what works for you. From Gloucestershire to Liverpool: Did Emerald’s choice worth it for property investing? She says it was more helpful in building her property portfolio, finding more deals, and networking with people who could help her in her career. Where does Emerald see herself in 5 years? Emerald wants to build her portfolio full of properties in her hometown, Gloucestershire. She’ll be sticking to single lots and do away from HMOs and huge commercial conversions. Above all, she wants to be an international speaker to inspire people. Emerald’s Top Tips For Beginners: Know that you need to learn along the way. Everyone has to go out and have it a go. Find your investor. Even just one would do to get a deal. To raise finance, you just have to be with you and believe you can do it. Proactively meet people. BEST MOMENTS “What do the richest people seem to have? They all seem to have property.” “I think my mind was absolutely blown and I was incredibly overwhelmed. I had no idea how I was going to do it, but all I could say to myself was, other people have done it so it can be done and so I can do it.” “Buying at an auction is a sophisticated strategy particularly for beginners.” “You just need time to do houses and stand houses and speak to investors. And, you don’t build relationships overnight.” “I think I’m finding good people that know more than me. So, it’s not like I go into things blind. I just find people that can. If I got a deal, I just find someone who knows how to do the deal. I’d rather have the piece of the pie, rather than trying to keep it all to myself and do it wrong.” VALUABLE RESOURCES Progressive Property Progressive Property Masterclass Tony Robbins Rob Moore ABOUT THE GUEST Emerald Fisk is a property investor, a public speaker, and a serviced accommodation provider. She loves buying and refurbishing single let properties. She also specialises in Joint Ventures. In 2018, she was awarded the Community JV of the Year from Progressive Property Ltd. Emerald’s LinkedIn Emerald’s Instagram ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD The Property Teacher Progressive Property
12/02/1936m 18s

Even More Fantastic Community Questions

The progressive community is a vibrant and dynamic one so listeners are always sending in some great questions. In this episode, Peter answers some of your burning questions about property. Should I Buy Property Abroad? Do property investors specialise in one type of property? or How quickly can I buy a house or apartment? All important questions for anyone looking to develop, start or grow their property business. Key Takeaways Should I buy property abroad? If you are familiar with progressive you’ll know the answer to that. We have our REASON model, these are the things that we shouldn’t be buying. The A in REASON stands for abroad. In the past, I put down some hefty deposits in Romania and I didn’t do my due diligence. The rent had to be closer to double the average rent in Romania to make any money. The difficulties abroad are that there are local rules which you won’t know, as well as the currency exchange rates which are constantly fluctuating. There is one exception to this rule, however, where you buy a property abroad as a lifestyle choice. Do property investors specialise in one type of property? There are different views on this. The difficulty in specialising in one thing is it’s a bit like putting all your eggs in one basket. Mainly specialising in one thing however means that you are going to get better at that one thing. I became really specialised in buy-to-let for instance. That was great until the credit crash. I knew that my one strategy of buy-to-let wasn't going to work anymore and I needed a new one. There is the 70/20/10 model, where you have three strategies and you divide your time/resources up into three things. Do property investors sell directly or use agents? Both, some sell directly, to other property investors. The answer it depends on your strategy and what you are trying to achieve. You need to do the best for you. There is scope to do all sorts of stuff. There are lots of creative ways to sell through agents, or directly. With deal packaging, you’ll be the agent, and not use an agent. Selling buy-to-lets I’d consider selling to an owner-occupier, or to another investor, or even sell the limited company to another business. How quickly can I buy a house, apartment or a dwelling? It’s probably going to take longer than you think. I’ve bought properties where I’m buying with cash and I don’t need searches but even then it can take as long as having the searches. It is quite hard to make a solicitor move faster than they want to go. It’s going to be rare to get a buy-to-let done in under 3 months. These things take time. Should I buy-to-let or should I sell? I would consider doing both. The great thing about buy-to-let is they will give you cashflow. The reality is that property prices are increasing in the North rather than the South. Maybe have a strategy where you get chunky cash coming in, like commercial conversions, or something like flips. It could be HMOs or serviced accommodation. Any business depends on cash-flow for it to succeed. Lumps of cash like that make you look more lendable by the banks. Best Moments ‘Never invest in property abroad.’ ‘Only buy a property abroad if it’s a lifestyle choice.’ ‘Specialising in one thing it’s a bit like putting all your eggs in one basket.’ ‘Having more than one strategy means you have a buffer.’ ‘Specialise in a number of areas.’ ‘It is quite hard to make a solicitor move faster than they want to go.’ ‘In property, its a case of get rich quickly slowly. ‘Buying a property is probably going to take you longer.’ ‘Any business depends on cash-flow for it to succeed.’ ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator's Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD - Peter Jones http://www.thepropertyteacher.co.uk/
05/02/1927m 26s

Interview Chris Jones: Global Speaker, Cyber Security Expert, And Angel Investor

How do you go from being a global cybersecurity expert to running a successful property business as well being an angel investor/business mentor? Well, Chris Jones has done exactly that, in this episode, Peter interviews Chris, on his journey in business, how to make sure that you are diversifying your income streams, and what it takes to make property a business, not a hobby. In this fantastic interview, Chris talks through how he has learnt to grow a property business and how anyone can be a property investor. Learn from his experience on how to make sure you're not putting all your eggs in one basket, and diversifying your income streams. Key Takeaways I always wanted to be a spaceman. Having not been able to do that, I started as a 3D designer and fell into computers. I have a brain that stores useless information and 90% of computers is useless information. I have run my own Cyber Security firm for the last since 2003. World War III is happening in cyberspace. If you are ok with computers I highly recommend getting into the cybersecurity business as their will always be work in the future. But in my business, I came to realise that I was working in the business, not on the business. I didn’t realise the mistakes I made until I went to the Multiple Streams of Income course with Progressive Property. It was successful but I was working 12 hours a day, every day a week. 2008 hit and I thought we had diversified as a business, as we had different customers but they were similar business customers in the same sector. All of a sudden they all stopped spending money, and I had to lay off half my staff. It took me a while to realise that I hadn’t diversified enough. My first foray into property then was 2013. It was risk mitigation. In 2008 in the financial crisis, I realised that we had put all the eggs in one basket in the shape of my business so I set about learning all I could about property from the best. I realised that I needed to buy an asset. I always wanted to build a new business out of property. What are the differences between the people that treat property as a hobby or as a business? Two things, systems and teams. When it’s a hobby you don’t need systems. You can be lucky and be successful without systems but I focus on business ability, not on luck. You need systems. Then the second is the team, if you get a team then you can spread the load, one brain is good two brains is better. People think you should train to be better at the things that you at bad at. Whereas you should focus on the things that you are good at and then employ people who are better at you to do that job. I’ve always been bloody-minded. I don’t allow things to be a problem, they are either a whip to charge me forwards or an opportunity to develop a sense of self-reliance. Persistence is something that is both learned and born with behaviour. Those people who are persistently persistent are people who have worked through adversity. What happened next when you completed the course? I completed the course in November and then bought a property in January. We were working with a homeless charity to help young men get a house. We started with my wife and two very good friends. We gutted the house and made it a really nice house. This was meant to not have loads of profit, but be a long term asset. We were going to buy a big Victorian house, but one of my friends pulled money from the property and the deal fell through. That set us back at least a year in our growth.   I completed VIP and it was the best decision I made. Within the IT world, I am very good at what I do, and I wanted to be very good at property. The best way is to learn from the best. VIP is one of those things where the more you put in the more you get out. I turned up every month, completed all my mentor's actions and networked the hell out of the room. This kickstarted my passion for angel investing, which means that I am a professional business mentor, and angel investor now. I’m a qualified business mentor through the Institute of entrepreneurs. I would do that from 5.30am until 7.30 in the morning. Mentoring and investing are both things that have come from progressive VIP courses. How did Hive start? Like bees, we wanted to have a Hive like mind, where we all working together for the common good. It started as a club with people for mutual support where we would work on our own things but support each other. Made sure we did the planning. The banks would not give us a bank account, and we formed a limited company to buy property, do bigger possibilities. We did ok, and with any venture, we had to change the way we did things so we were all aligned.  Over the two years we have pared down, and we are left with a core group. What is your vision for the property business? We are continuing to do buy-to-let as it’s a really good money earner, which I hadn’t realised they are so profitable before getting into property. We are doing some HMO’s, and looking at some commercial property as well. I’m always looking for investors. If we are talking about property investing, then we are looking at 70,000 onwards, either as a loan or a joint venture. The wider angel investing, I’m working with a wide range of business, from media to print. We are looking from £250,000, up to £2.5 million, in different ways. They either need to be sophisticated investors or individuals high net worth. Why start a property business in Hartlepool, and Middlesbrough? The attraction is the low cost of access, and the rental we get is very good. The property which would cost us £60,000 we are able to rent out for £500 a month. There can be little property growth, however. Part of the Tees Valley has had a lot of investment recently which has seen higher property prices. There is a lot of things happening in the northern parts of the country which can sometimes be ignored if you only look t the media. Where are you going to be in five years? The intention is to leave a legacy of properties that we own and manage. I find it difficult to find a vision in five months, I work in dynamic markets so I focus on 6-12 months. But the long term vision is to have a substantial property portfolio and to have each sector of the property portfolio which allows me to do things better. Best Moments ‘It took me a while to realise that I hadn’t diversified enough.’ ‘Reality is never the same as your perception.’ ‘We can all see the same thing and see very different things.’ ‘You have to treat property as a business.’ ‘You need systems, to make a business of property.’ ‘Getting the systems, and the team in means it’s not a hobby or a business.’ ‘Mind-set is really important.’ ‘People who have been through adversity either collapse or rile against it.’ ‘The more you are determined to carry on the more you will carry on.’ ‘If you carry on doing the right things, then you will be successful.’ ‘Having to restart after a deal fell through taught me a lot.’ ‘I turned up every month, completed all my mentor's actions and networked the hell out of the room.’ ‘What I have to offer is how business work and globally, and my wide networks.’ ‘Part of the difficulty is being focused.’ ‘It took me a long time to learn to say no.’ ‘You can’t help poor  if you are poor yourself.’ ABOUT THE GUEST Chris Jones is a successful Company Director, Serial entrepreneur, Angel Investor and Board level advisor for many startup companies. Co-author of the latest International standard for Business resiliency and disaster recovery.   CONTACT METHOD Email: Chris.jones@nbv-ltd.co.uk Facebook: https://www.facebook.com/christopher.jones.7549185 Linkedin: https://www.linkedin.com/in/christopher-jones-b01442/   ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator's Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD - Peter Jones http://www.thepropertyteacher.co.uk/
29/01/1956m 53s

7 Factors in Overcoming Fears in Property & Business Feat. Rob Moore

In this of the Progressive Property Podcast, your host Peter Jones interviews Progressive Property Co-founder multi-millionaire property investor and host of the UK’s #1 business podcast, The Disruptive Entrepreneur, Rob Moore. Rob and Peter discuss fear and share with you the ways that you too, can overcome your fears and begin to use it to your advantage so that you can grow, serve and super-charge fix your business. KEY TAKEAWAYS Points which can really help you deal with your fears, embrace your fears and even master your fears in building a property portfolio or business or taking some risks. Number one is that a lot of people feel like fear is something that they've got to get rid of when in reality, if we think about it in a little bit more depth and without our emotion, you realize that fear actually does serve a very important purpose. The purpose of fear regarding your business, your property portfolio, your start-up, your scale-up is to protect you from making rational decisions, is to preserve what you've already built and is to keep you humble to want to learn and grow and continue to develop your product and service in the marketplace. The second thing is if we're honest, you can leverage fear. When you feel really good, you can build momentum and you can get sort of this speed and you can feel like things are going your way, but actually, when you do things well, you don't normally sit there and painstakingly analyze what went well and why it went so well and how to make sure it goes well next time, usually we only do that when things don't go well, so the fear and the difficulties that we face actually give us energy in order to fix problems to solve meaningful challenges and situations. The third thing is it forces you to care, to serve and to solve. If you have no fear in your business, then you wouldn't care as much about your clients, about your reputation, you wouldn't want to sort out complaints and want to make sure that your products and services are the best that they could possibly be any better than your competition, you wouldn't desire to solve your clients, followers and fans problem if you didn't have fear. The fourth thing is it simply control growth. Fear stops us going too big, too hard and too fast because when you go too big, too hard and too fast, everything breaks. The fifth thing is also to get you to seek what’s underneath the fear. Number six then is that the fear in business forces you to grow and because it forces you to be better, do better, serve, fix and prepares you for a higher level. Number seven is getting mentors and finding masterminds and having people around you, a network of individuals who are either further ahead of you, or at least on the same level because you can feel misunderstood, you can feel alone, you can feel you want to talk to people who will give you their free advice. BEST MOMENTS “Fear. Fear is vital to stop us doing silly things that would negate ourselves.” "If you don't grow and progress, then ultimately you're going to be outmanoeuvred by your competition." “If you have no fear to drive you, to progress, to innovate, to be better, then you would essentially just rot and decay very slowly.” “Purposes of fear are to protect yourself, your business, your empire, to preserve what you've built, and to keep you humble, to grow, to innovate, to develop and to evolve.” “When you go too big, too hard and too fast, everything breaks.” “Reward for the bigger challenges is the bigger payoff, the bigger brand or the bigger reputation or whatever it is that you're seeking.” “If you don't risk anything, you risk everything.” VALUABLE RESOURCES http://www.thepropertyteacher.co.uk/ ABOUT THE GUEST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage. “If you don't risk anything, you risk everything.”  CONTACT Facebook: https://www.facebook.com/robmooreprogressive/ LinkedIn: https://uk.linkedin.com/in/robmoore1979 ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator's Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD http://www.thepropertyteacher.co.uk/
22/01/1916m 22s

Interview With One of The Largest Deal Providers in The UK, Packaging Over 1,000 Deals to Date, Jamie York

In this episode of the Progressive Property Podcast, your host Peter Jones interviews one of the largest deal providers in the UK, packaging over 1,000 deals to date and accumulating an asset base of over £5million, Jamie York. If you’re looking to achieve success in the property market and want to learn the essential tips to becoming a full0fledged property investor then this episode is for you. Peter and Jamie discuss exactly what it takes to build your very own property portfolio and how you too can leverage industry changes to your advantage and make property your occupation and passion. KEY TAKEAWAYS Positivity. When you face challenges in your life, you should always have positivity in your life and you should always let that be your stepping stone. Do not let your challenges pull you down. Push forward always even when the times get hard. Action. Take action right at this moment that you are alive because you do not know what tomorrow brings. For you to succeed in life, you should always do what it is that you want to be done in the present moment because you don’t know what life brings you in the next minute. You might even die in the next minute, so be advised to take action now. You can't afford to start taking action. Surround yourself with the right people. If you ever want to succeed in life, always surround yourself with people who advise you always on the right path, people who always help you to achieve your goals and people who help you. Mentors. Have yourself mentors who mentor you and advice and help you make the right decisions in your life. Mentors help you make the right choices in your life and with this, you get to achieve your dreams. Commitment. You should be committed to that goal that you want to achieve and don't look any other direction and with this, be sure that you will achieve your goals in no time. Be focused on your goals always.   Education. Knowledge is another stepping stone to success and if you ever want to succeed in life, you should first learn and get the knowledge of what you want to do in your life. You should not dive into doing something without you acquiring the right knowledge to do that which you want to do or achieve. Going all in. For you to succeed in life, when you have made a choice of doing something, you should always go all in and it should not be testing to you, go all in and you will succeed in life. Being innovative. Since the world is always changing, you should be innovative, always try to make your product better and just don’t leave it there at that stage even if it’s selling well, always try to make it better and better for your customers if you ever want to succeed in life. BEST MOMENTS “If you don't have the resources, then you get resourceful.” “You should never look at other people's problems less or more, they are just completely different.” “Life is precious.” “You can't afford to start taking action.” “Every single person have the potential for greatness, whether that's in property or something else.” “If you’re going to go into something, don't dip your toes, because that's not the way to do it, just go all in.” “You make your own luck.” VALUABLE RESOURCES http://www.thepropertyteacher.co.uk/ ABOUT THE GUEST Jamie bought his first property at 19 and has since then gone onto grow his property businesses to being one of the largest deal providers in the UK, packaging in excess of 1,000 deals to date.From an early age, Jamie has been persistent in following his ambitions, founding his first company at 18, and balancing property education with his university studies, to reach his current achievements to date, accumulating an asset base of over £5 million. ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator's Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD http://www.thepropertyteacher.co.uk/
15/01/1957m 16s

Interview with Property investor, traveler and co-host of The Property Nomads Podcast, Rob Smallbone

In this latest episode, Peter interviews Property investor, traveller and co-host of The Property Nomads Podcast Rob Smallbone. Rob took the decision to make his yearly goals public, filing monthly accountability facebook videos. Stay listening to hear how making them public has helped Rob achieve his goals and all about his journey which has seen him relocate from Reading to Hull for his property business. Key Takeaways Why Did You Publically Make Updates On Your Facebook Page? I’d always set my yearly goals on my birthday in July. Making them public has really helped my accountability. People were asking for updates on my goals so there was a demand from others. Goal setting is really important in succeeding. You achieve things with goals because if you don’t have any then you won’t achieve anything. How Do You Set Your Goals? Every mid-July, I will take a day out and put my phone on airplane mode. I go somewhere and do a personal reflection on the last twelve months, what has gone well, and what hasn’t. I have to be really honest with myself to set the best goals. Letting yourself off on small elements can snowball out of control. I’ve always had goals, but each year I try something new for the discipline. Why do you set goals? The want and the desire to be better. I know that if I can discipline myself in my life it will help build my business. I know that I can be better. Ultimately I want to visit every country in the world before I’m fifty. Trying to use property to help facilitate and achieve that. What areas in your life do you set goals? I set goals in seven key areas: business and work, personal wealth, energy, mental, physical, spiritual, social and spiritual. Some current goals that I have are below: No coffee, alcohol chocolate for a year. The aim is for the discipline. I was wasting too much time with lost days to hangovers, and those energy lulls caused by coffee. To be personally debt free as of 13th July 2020. I’ve strategically planned out how I’m paying off the debt incrementally. To publish my first book by the 13th July 2020. Over time i’ve built up a series of blog posts, and now I want to repackage and repurpose them. It’s on the theme of how to buy your first buy-to-let property? To successfully establish the Property Nomads podcast. This has been achieved. The Nomad name sat well with me. It’s a blend of property and business content. The latest episode is around the fourteen people you need to have in your power team. We are looking to do a mini-series on individual historically important properties. To have 25 positively cashflow properties by 13th July 2020. We are about halfway there at the moment. We still have plenty of time to make the full amount. To finally get rid of moobs, so I can look in the mirror and be happy in my own body. I’ve become more disciplined in my routine and surrounding myself with the right people to learn from. Why did you choose to buy properties in Hull? At the time of going up there, it was about to become the city of culture. Seeing it work really well in Liverpool was a good draw for me. The main reason was renewable energy, however, as there is a lot of investment in the area, with regards to that sector. Siemens has invested heavily there as well, and there is a sense that the city is going in the right direction. Having moved there from Reading, it’s easier to react to things, like viewing properties first. It gives you a competitive advantage How did you get to know the area? I got stuck in at every level possible. I had time on my side. I’m on the committee for Humber housing association, which is something that I sought out. Simple things, like driving round Hull during the day and at night and talking to lettings agents. They know where the high demand is in the city. There are any number of reasons why you don’t reach a goal. It might be that your goal wasn’t quite framed properly. If you don’t achieve the goal in the set time frame, just learn from it and then extend the date to the goal to achieve it. What difference has it made making your goals public? Public accountability has been really useful. There are lots of people who can understand body language, so they could know I’m lying. You will shoot yourself in the foot if you lie about achieving your goals. Best Moments ‘Entrepreneurs know we always want to do more.’ ‘If you are not honest with yourself than you are only cheating yourself.’ ‘It’s all about your mindset’ ‘If you want to do property then you have to be in the mindset to do so.’ ‘Don’t hide behind that mindset that you can’t learn a certain skill.’ ‘Write blog posts, and then you will have some content for a book.’ ‘You don’t have to relocate to invest in a gold mine area.’ ‘Don’t overthink it, just do it.’ ‘It’s easy to get stuck in analysis, paralysis.’ ‘Make yourself accountable.’ ‘Letting agents can be key for getting to know the area.’ ‘You cannot be a property investor if you only look on Rightmove.’ ‘We all have the 24 hours in the day so it’s what you do with them that matters.’ ‘There is no shame in resetting goals.’ ‘Knowing how you learn to represent your goals in the right way.’ VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ Leveraged Lifestyle Podcast If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. The Property Nomads Podcast - https://omny.fm/shows/the-property-nomads ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. About Your Guest Rob Smallbone, Property Investor, traveler and co-host of The Property Nomads Podcast. The vision of the Property Nomads is to 'bring the world to you' and our mission is to 'guide your success'. Rob just wants to make a huge difference to people around the world. He’s here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He’s travelled, explored, and invested. And they’re not planning on stopping these activities anytime soon. Buckle up, sit tight and enjoy the ride that is life. CONTACT METHOD Therpropertyteacher.co.uk - Peter Jones LinkedIn:  https://www.linkedin.com/company/the-property-nomads Facebook:  https://www.facebook.com/ThePropertyNomads/ Instagram: https://instagram.com/thepropertynomads?utm_source=ig_profile_sh
08/01/1955m 29s

Let's Make 2019 Our Best Year Ever

Welcome back to another episode of the Progressive Property Podcast with your host Peter Jones. In this episode, Peter looks ahead to 2019, and how best to set your goals for the new year. Peter goes through a 17-step process developed by Progressive Property co-founder Rob Moore to ensure that you have the best 2019 possible and achieve everything you want to.   Key Takeaways Be Goals: Who do I want to me? How do I want to be known? How do I want to be remembered?   My Vision, Legacy and Cause: How will you change the world? Imagine that you have changed the world?   Your Mission and Purpose: What caused the change in the world? What did you do that helped you change the world?   What Am I The Very Best At: What are the five things that you need to get very good at, to change the world? Don’t hamper yourself with a negative mindset, everyone can do anything.   My Values. The 1 to 8 things that are the most important things to you. Things that drive you as a person. Peter talks through his values that are centred around freedom.    My Roles In My Business (KRA): Write down 1-4 vision roles? What roles will you be doing to make the business work? E.g Raising finance, strategic planning.   Do Goals: What are the significant goals that you are going to achieve? What are the 5 five main goals for 2019? This could be split between your business, life and spiritual goals.    Have Goals: These are the things that you are going to own. These are things that resonate with you. Five things that you really want to have.   Health And Fitness: If you are not healthy and fit then you can’t achieve your other goals. Please set five health and fitness goals that are personal to you.   Business Goals: Write five business goals. These are more detail? How much profit? How much cash-flow? What services are you going to create? What do you want your turnover to be?   Giving Goals: These are the things that you are going to give or do that is for others. Maybe giving to charity, or donating blood, whatever it might be. You need five Giving Goals.   Money Goals: Think specifically about you as a person and what you want.               What do you want your Net Worth to be? How much Cash In Bank do you want? How much Salary do you want? How much do you want in your emergency fund to be? E.g ISA fund How much passive income do you want coming in?   Investing Goals: Where are you going to invest in 2019? How much do you want to invest in Property? Are you going to invest in stocks? Physical items e.g Gold, Art Other   Education Goals in 2019: What books are you going to be? What courses do you need to attend? What audio books do you want to listen to? What mentorships do you want to take up? What biographies and autobiographies are you going to study?   Network Goals: Write down a list of five people that would be in your black book? People who you can contact around finance for example. Is there anyone out there who you wish you knew better with the intent that in 2019 you will add them to your network.   Lifetime Goals: There is no limit to this, just keep adding them. They can be from any of the previous 16 sections. Add these over time on something like Endnote.   Best Moments ‘Don’t hamper yourself with a negative mind-set, everyone can do anything they set their mind to.’ ‘Make sure you complete each step of the 17-step process.’ ‘The bigger you think the more you will achieve.’ ‘If you are not healthy and fit then you can’t achieve other goals.’ ‘Life is more than money.’ ‘You don’t know what you don’t know’ ‘Your network is your net worth.’ ‘Spend half your time networking.’ ‘No right or wrong answers, write down what is right for you.’   VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ Leveraged Lifestyle Podcast If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker.   ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.   CONTACT METHOD Therpropertyteacher.co.uk
01/01/1928m 46s

Mark Homer Interviews The One Time UK's Largest Private Landlord. The billionaire Property Owner Andreas Panayiotou

Welcome back to another episode of the Progressive Property Podcast. In this week’s episode, Rob and Mark have tracked down some of their mentors and bring them to you the listeners. In the first in a series of special interviews, Mark Homer interviews Andreas Panayiotou one of the biggest names in property and the one time UK's largest private landlord. Mark and Panayiotou talk through his start in property, his biggest challenges and where he sees the next opportunities in property? Key Takeaways How did you first get into property? It started around 30 years ago. My parents ran a dry cleaner, and I converted the flat above the business. That made me £25,000, and over the next 25 years, we amassed over 7,000 flats from redundant buildings. We were renting these out but not selling. In 2006, as we had kept everything in-house, we saw yields drop from 20% to 3% so we decided to get out of that business and sell the properties. Where do you think the next opportunities are across the whole spectrum? We went through the last recession which was more of a depression and we’ve seen residential bounce back. The golden rule is that you have to add value whichever sector you’re in. We are heading for another crash in buy-to-let but If you are adding value then you will be more protected from that. How would you compare residential to commercial? With regard to pure investment, office buildings are a more secure investment as you have long-term tenants compared with residential. But unless your adding value it’s the same as residential. Where do you see the differing levels of growth, outside of London? You should look at what most drops during the recession that will bounce back quickest. London is a bubble and yields are small. London is a long-term investment. As long as you are near city centres or train stations you will see further growth. Those satellite towns is a better area to be in now Peterborough, Luton or the Midlands for example. Outside of London, you will get the returns a lot quicker. What have your biggest challenges been? Throughout the recession, the financing of banks, they were going bankrupt at the time. They are businesses as well at the end of the day. There was a changing attitude to financing which was a difficult period in my property career. What do the big achievers do differently to the not-so-big achievers? It’s all about focus. You have to ask yourself, do I put 100% into my business? If that’s not the case then that is where the issue is. It’s about daily focus, not working harder, but sharpening the knife. I treat every day as the beginning of my new business, so I keep moving forward. You have to make sure you are always learning. What daily traits do you have that could help others? You have to be disciplined. The more you achieve, the more vulnerable you are. In our hotels, we have over 4,000 staff so it’s a big responsibility. So you have to be on your business morning until night. There should be a real focus on living and breathing your business.   When you were starting out how did you go about it? I was doing something where everything was in my favour. There were lots of redundant schools and other buildings which people were happy to hand over cheaply. It’s a lot more difficult today but there are still some opportunities. Best Moments ‘You always have to be adding value.’ ‘Buy-to has been an easy way for people to enter the market, without thinking about the next three or four years.’ ‘The last recession was more of depression but governments bailed out the banks unlike a hundred years ago.’ ‘We heading for another crash in the buy-to-let.’ ‘Every day you need to be learning more about your business.’ ‘It’s a lot more difficult today but there are still opportunities.’ ‘You have to be on your business from morning until night.’   VALUABLE RESOURCES   Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. ABOUT THE HOST Mark Homer Mark’s Mantra – “Focus like a laser on one thing and become the best at it” Mark has bought over 600 properties [& counting] for himself, Rob, his family & his investors since 2003. He is a systems and spreadsheet geek, er, guy, and has developed a complex, secret algorithm that takes all human error out of buying residential, commercial and multi-let property. He has commented and been referenced in almost all major publications including BBC Radio, The Independent, the FT, The Wall Street Journal, as well as co-authoring the UK’S 4 Best Selling Property Books. Mark quit corporate life in 2006 where he saw a long road to quiet desperation, giving up a ‘good job’ that was actually dead end and monotonous. Yes it was above average pay, but life was empty and it was not his path. Maybe you can relate to this. On the side, Mark has been an Entrepreneur investor since the age of 15, setting up many small businesses through University, and continually saving, re-investing and compounding the money using laws of wealth that he now teaches to 10,000’s of people. Mark is a paranoid spreadsheet geek and an analyst. Giving up a good career was a big decision for him, he is a bit of a recluse but he makes up for it in finance. Mark has been obsessed and [literally] sleep deprived on finding the very best investment vehicle and at the end of 2007 his joint portfolio with Rob produced more profit than any of his other investments he’d tried in the last 10 years, combined. Contact Method Website: https://www.progressiveproperty.co.uk/contact/ About Your GuestANDREAS PANAYIOTOU, GROUP CHAIRMAN, CEO, THE ABILITY GROUP Founding the prestigious Ability Group in 1996, Andreas Panayiotou remains the Group Chairman and CEO, thanks to his expertise in property development. Since 1996, Andreas and the Ability Group have realised the potential of the UK and European property investment opportunities through residential, commercial and hotel assets. For Andreas, his business acumen came at a young age. Thanks to the support of his parents, Cypriot immigrants, who taught him the value of hard work to achieve your aspiration. CONTACT METHOD Therpropertyteacher.co.uk Website: http://panayiotou.org.uk/andreas-panayiotou-bio/
26/12/1816m 0s

Key Info For ANYONE Interested in Property Investment. Plus Your Questions Answered!

Welcome back to the Progressive Property Podcast. In this latest episode your host Peter Jones, takes a look at some of your questions and tries to answer them. Peter answers questions on which regions are good for property investments, do you need to relocate as an investor and actually where do investors buy property? With fascinating and insightful answers Peter gives you some really key info for anyone interested in property at whatever stage of your career? Key Takeaways Can Any Region Of the UK Work for a Property Investor? Yes, there will be deals everywhere. Peter recommend researching which property strategies works in your region. HMO’s, serviced accommodation and commercial refurbishments will work in most regions. The only strategy which is more region is buy-to-let’s through the BRR model which can be difficult in some regions such as London. Returns in London might be 3 or 4% which is hard to sustain cash flow. Do You Need To Relocate? No, can you find a JV partner, who can help you source the area for you and help you find properties. Sometimes you can do this from a distance, or you can relocate but you don’t have to. People do relocate into different regions but like all these things it depends on your circumstances and your strategy. Where Do Investors Buy Property From? This does depend on your strategy, as different strategies will dictate your different options. For example, with buy-to-lets, you can go to Estate Agent which is a really simple, easy way to find properties. There is more than enough properties to cover different investors in your area. Your job as an investor is to go through the detail and make sure the numbers add up. There are other more creative ways to find properties such as gorilla marketing as you are going directly to the vender. Property auctions can be helpful but if you’re new to property it can be difficult as there is a lot of groundwork beforehand. You can pay out a lot of fees before the auction and still not get a single bid in. How Can I Spot A Good Area? What Signs Are There That The Values Will Rise In The Area? An area is only a good area if your strategy works in that specific area. It doesn’t matter if your prices are going up if your strategy doesn’t work. Then it’s not a good area. There is an argument that property investors should focus on cash flow rather than capital values, higher values aren’t always helpful. Individuals investors can’t change the market. Infrastructure and the geography of the city with the relation to the suburbs, such as areas which are improving can all affect the market.   Are There Other Ways Of Making Money From Property Not Just Buying and Selling? Yes, there are other ways like packaging up properties or sourcing properties. Some of the properties that we look at and don’t buy it might work for other people. Not everyone wants to be a professional investor. Some people would like a small extra income. You can do the deal and then sell the deal on. Another reason might be when you have a large number of properties you could set up your own Letting Agency. Another way is to educate people in property through mentoring for example. Should I Only Buy Properties Near Where I Live? There are advantages to buying near where you live, as you know the local area, the potential suburbs which you can use and it cuts down on travel time. You are leveraging yourself in that regard. There is a downside however in that you run the risk of managing these properties and getting bogged down in tenant complaints for example. Purchasing at a distance forces you to allow others to manage your properties. It can be helpful to buy near where you live, but not necessarily. Best Moments ‘Most strategies work in most regions. Except for buy-to-lets through BRR.’ ‘Your options are always dependant on your strategy.’ ‘If something is easy and something is hard always try the easy first.’ ‘Make sure you do your due diligence.’ ‘It doesn’t matter if your prices are going up if your strategy doesn’t work then it’s not a good area.’ ‘Cashflow is the foundation of everything.’ ‘Values tend to go up with improvements to infrastructure like a new road, or a new business.’ ‘The past can be a good guide to the future.’ ‘We all buy for different reasons.’ ‘Many people would like to be mentored by someone only a few steps ahead rather than someone light years ahead.’ ‘You have to buy property that works for you.’ VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/   If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
18/12/1838m 37s

Questions From The Progressive Community Continued...

There’s been a huge demand for Peter to return with more expert answers, to questions from you guys, in the Progressive Property Community and today, he’s back. Peter shares with you the typical day for a property investor and if you need a permanent office space or not to be successful. He goes on to explore how many hours you should be working when getting into property and who you should include in your property investing power team. Learn all of this and more in today’s episode of The Progressive Property Podcast. KEY TAKEAWAYS Is there a typical day for a property investor? It depends on your strategy but really all property investors should be out there sourcing deals and finding finance. Now, these two things go hand in hand and as a property investor, you must always be aware of doing both at the same time. If you’re starting out you will need to spend time researching your goldmine area, visiting estate and agents and building rapport with those in and around your investment area. Your network IS your NET-worth. Do property investors need offices or a place to work? If you want to have a mobile lifestyle you don’t want to have an office that ties you down. However, if your particular property strategy scales and grows if may mean that you need offices and a letting agency. If you aspire not to have an office, you need to implement systems and automation in your business so that you can become a more organised paperless office. How many hours should I be looking to work as a fledgeling investor? If you’re still in full-time employment you’re going to have to juggle your time. This means getting organised and cutting out unnecessary tasks from your daily routine so you can free up an hour a day to work on your new property business. Use this time to arrange viewings, scroll through Rightmove and determine your goldmine area. You can easily start with 7-10 hours a week and if you outsource you can perhaps do it with less.   What services and specialists will a good property investor have on speed dial? Your strategy determines your power team. There is going to be a different makeup of team dependent on the property strategy you’re implementing. However, one of the most important is your mortgage broker. You will want to have a broker that’s a specialist in your particular strategy. BEST MOMENTS “We should spend at least half of our time networking to find JV funds.” “Everyday plan in raising finance and finding the deals.” “There are tax breaks to having an office.” “With a mobile phone and a tablet you can probably work anywhere.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ Leveraged Lifestyle Podcast If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
11/12/1840m 35s

How to Dominate Your Goldmine Area Featuring Progressive Co Founder Rob Moore

Welcome back to the Progressive Property Podcast. In today's special episode, Co-founder of Progressive Property, Rob Moore takes over the podcasts to bring you 10 practical ways to dominate your local goldmine area. A lot of people are trying to find the highest growth investment area in the country but on average you'll find that over-time all areas will roughly double in value, They'll just have peaks and troughs. So, if you’re looking to secure BMV deals, get the insider secrets in your area and grow your property portfolio, dominating your local goldmine area is essential to success. KEY TAKEAWAYS 10 Practical Ways To Dominate Your Local Goldmine Area. The grass is greener syndrome is a fools game - Most of the best deals that you will ever do will be local to you and right under your nose. Continually view properties on a consistent basis - Viewing properties is much more than just seeing a house, you're getting to know the agents, learning the market and understanding prices. View properties to let in order to build up a relationship with the letting agents - Discover Rent2Rent deals and create a relationship with your local lettings agents so that when your sourcing, selling or letting you know the market and have a contact you can trust. Get to know people in the council - Learn about development and future plans for your local area. Find out how many houses are being built and what shops, restaurant and industries are coming to your goldmine area. Attend local property networking events - Meeting investors and connect with people. You can also attend commercial property meetings that attract a higher level of investor. Find other investors like yourself that are doing deals - Have a collaborative mindset and learn from other investors out there doing what you want. Take diversions and look around at property - Learn your area and spot the deals that can make you money. The better you know your area the more likely you are to secure more property deals. Keep a spreadsheet for sold prices - Any property that you're interested in take note of what it listed for, what it sold for and what you would offer on it. Over a couple of years, this will provide you with really useful data when deciding to buy. Spend 10-15 minutes per day on Rightmove - Build up-to-date knowledge of your local area and make sure you know what's going on. Get leafleting - Find direct to vendor deals by leafleting consistently in your area. BEST MOMENTS "Most of the time the area that works best for you is the area that you make work best for you. Not the area that is the best" “Local property investing works better than national property investing” “The better you know your area the easier it is to spot a cheap property and get it secured.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOST Rob Moore is an author, public speaker, entrepreneur, property investor and property educator. He is the co-founder of the Progressive group of companies including Progressive Education, Progressive Lets, Progressive Property Network and Progressive Portfolio Builder. Moore is the co-author of The 44 Most Closely Guarded Property Secrets, Make Cash in a Property Market Crash, Progressive in Property: From Beginners to Winners and sole author of Multiple Streams of Property Income and "Life Leverage: How to Get More Done in Less Time, Outsource Everything & Create Your Ideal Mobile Lifestyle. He is the owner of collections of fast cars and expensive watches.
04/12/1815m 48s

Peter Answers Questions From The Progressive Property Community

Welcome back to the Progressive Property Podcast with chattered surveyor and property investing expert, Peter Jones. In this episode, Peter answers questions from the Progressive Property Community and shares with how to get started in property, even when you don’t have any money or own any property. Peter goes on to discuss where you can find JV finance and JV partners and why if you’re not yet part of the community you should go ahead and join now! Tune in now and learn how to believe that you’re a property investor, how to get yourself started and begin growing your empire. KEY TAKEAWAYS Do I need to have a lot of money to become a property investor? Well, you don’t know what you don’t know and in property, other people’s money is much better and much more efficient to invest with. By using other people’s money you will see far greater returns to you than using your own. You can accelerate and accentuate your portfolio by using other people’s money. It’s good to have a lot of money, as long as it’s someone else's money. Finally, it’s also important to maintain a good credit rating so that you can regularly borrow finance, it’s doesn’t always have to be a JV partner. You can use bridging loans, personal finance and credit cards to get you started. Can I get started in property, even when I don’t own any? Yes, of course. You need to be telling people you’re a property investor even before you do your first deal. Being a property investor is a state of mind, it’s not a qualification. You need to get out there, get networking and begin telling people who you are and what you’re looking at doing. So many property deals and JV finance is done as a result of networking and telling others that you are a property investor. Where can I meet other investors? Really it depends on the type of investor you want to meet. The usual places are networking meetings such as Progressive Property Network (PPN) and Property Investing Network (PIN) but you can also check out National Landlords Association and Residential Landlords Association meetings to expand your network. This works particularly well if you’re doing a Rent2rent strategy or tired landlords worried about the Section24 act. You can also attend Progressive Property’s Joint Venture Day and learn how and where to meet other investors. BEST MOMENTS “When you begin property investing and you have your own money you will actually start off slower on your journey because you become fixated on the amount of personal money you have to invest.” “Sometimes we get so fixed on raising JV finance that we forget we can borrow from the banks. This can even be a bridging loan.” “If you’re going to be a property investor you’re going to have to get your hands on some money, and there are multiple ways to do this.” “Tell everyone that you’re a property investor.” “Get out there and do it, be it until you see it.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Thepropertyteacher.co.uk
27/11/1829m 21s

Are Commercial Conversions for Everyone?

Welcome to another property mini-series with your host, Peter Jones. Today, Peter dives into Commercial Property Conversions and why this strategy can give you huge chunks of cash from just one deal. Most people think that commercial conversions are only for seasoned pros and expert investors. This is not the case. Really they can be done by anyone with the right knowledge. There are so many commercial properties out there waiting to be converted. It's a perfect storm with incentives from the government, prior approval from local authorities and a market desperate for more housing. KEY TAKEAWAYS So what is a commercial conversion? - Converting a property for commercial use - Usually turning an office building into a block of apartments - There are plenty of pubs and corner shops readily available to be converted Why Commercial Conversions? Just one deal can change your financial future because there are large numbers involved. Bigger projects mean bigger profits and you can get bigger returns with the same effort of converting a smaller project. Because of the scalability of commercial conversions and the potential to earn big profits from one deal, you don't need to own and manage a big portfolio or properties. Just one or two deals can make you financially free. Most of the time you will be converting properties and selling them on for large chunks of cash. As a result, you won't have to deal with tenants and the associated risks. The great thing about commercial conversion is the scalability, it's like doing a number of refurbs all at once. This means when refurbing you'll start to see economies of scale. for example, purchasing lots of kitchens will be cheaper than just buying one. There are tax breaks to commercial conversions with capital allowances. We can depreciate the cost and the value of plant and machinery etc. when taking on commercial conversions. We can use prior approval under permitted development from the local authority. Progressive Property Co-founder Mark Homer purchased a large scale commercial conversion project. He purchased the old Marks & Spencers building in Peterborough for 4.2 million and is converting them into 98 apartments with a projected worth of 15 million. There are three main ways you can add value to a property. Refurbish it - As part of a commercial conversion will change the use of the property but we will also refurbish it to fit the new use of the property. Extend the property - You may be able to build up the property out the back or around the side to add value and create a bigger property. Change of use - We can add value simply by changing the use of the property. You will need to get planning consent and due to government demands, it's much easier to get approval for a change of use. BEST MOMENTS "Although there's still hassle with commercial conversions, it's a better quality hassle" "It's often much easier to borrow a large amount of money as people who have the large funds want to put their money into bigger projects for bigger profits." "With commercial conversions, it is very likely you will be able to do your deals no money down" "Because Mark was able to buy the whole property and then sell off the ground floor as a commercial unit, he's been able to do the whole deal no money down" “The fall of high street shops has provided a huge opportunity for commercial conversion investors.” “You can JV with investors providing the finance by offering your time to go out there and find the deals.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ If you're interested in learning more about Commercial Conversions you can contact Progressive Property to find out more about their expert course. ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
20/11/1828m 12s

Why Rent2Rent Could be The Strategy For You

Welcome back to The Progressive Property Podcast. Peter continues the property strategy mini-series and today discusses Rent2Rent. If you’re looking to invest in property with little or none of your own money, generate an instant monthly cashflow and benefit from property capital growth, Rent2Rent is the strategy for you. In its basic form, you're essentially renting a property and then sub-letting it on to someone else for a monthly cashflow. Tune in today to hear the pros and cons of Rent2Rent property investing. KEY TAKEAWAYS Stereotypically you might be renting it from a tired landlord and then sub-letting it on to a tenant that wants to live in the property. You'll guarantee the monthly rent to the owner. For some of us, the term sub-letting is a bad word, but Rent2Rent is perfectly above board if you do it right. Rent2Rent is about negotiating a long-term tenancy from a current landlord that's mutually beneficial. The good thing is you can negotiate a lower rent as you'll be taking it on a long-term and sub-letting it for a higher monthly income. You're taking aware of the risk of them have a void and the property is empty. This means the landlord will have no issues with the property and see an income coming in every month. Be careful how you structure you agree with the owner of the property. You need to make sure your agreement is not in any violation of the landlord's mortgage. Make sure you do your due-diligence here so that there are no issues with you using the Rent2Rent property as part of your portfolio. Once you have an agreement in place you can also agree an option deal to purchase the property for an agreed price today for a future purchase. Rent2Rent can be a great strategy that adds to the overall pot of what you're doing. You can use this strategy in conjunction with other strategies to help give you a monthly cashflow and build towards the property goals you want to achieve. The big benefit of Rent2Rent is that you can start with very little capital. You don't actually have to buy the property. However, as you won't own the property you won't benefit from any capital growth. This isn't an investment as much as it is a property activity. BEST MOMENTS "If I was doing a Rent2Rent I would always agree on an option deal with the landlord. This way you will earn the cashflow to purchase the property in 2,3,4 years time and you will benefit from the capital growth of the property" “You can take all of the costs and hassle away from the landlords. This is why Rent2Rent is very attractive to a lot of property owners.“ “Rent2Rent has progressed over the years and it is now used as a strategy for larger properties, in particular, HMO's. Although you won't be seeing your asset grow, you will be seeing a monthly cash flow. You could then use this cashflow as a deposit for future property investment strategies such as flips or your own HMO projects.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
13/11/1821m 33s

Serviced Accommodation, The Pros & Cons For Investors

Welcome back to The Progressive Property Podcast. Peter returns to discuss the property strategies you can use to begin your own journey in property investment. Today Peter focuses on Serviced Accommodation and brings you both the pros and cons of this new innovative property cashflow strategy. KEY TAKEAWAYS With Serviced Accommodation, you essential let out your property on a short-term basis. The difference is with a buy-to-let, you will have a 6-month or longer tenancy, however, with Serviced Accommodation you are letting out your property for a shorter period of time. It's very flexible and not as rigid as a buy-to-let where you will need to have an AST (Assured Shorthold Tenancy) and often the type of properties that are being used as buy-to-lets can also be used as Serviced Accommodations and the best bit, you will typically achieve a much higher rent. Rental fees that you can charge for a shorter-term let will be substantially higher if you're using your property as a serviced accommodation unit. However, you might not have it filled every night. Therefore you will need to work out your occupancy level and how many nights you will need it to be filled to make a profit. In many ways, serviced accommodation is more of a business strategy than a property strategy. It's much like a B&B, an alternative name would be holiday lets as they are very similar. You will need to set up your unit a bit like a hotel and furnish it and keep it clean etc. There's a lot more work that you need to put into it to get it up and running. 95% of the time you will need planning for your serviced accommodation. It’s not considered as residential property, its more of a holiday let. As you need planning this will affect how you finance the property, this is different to a buy-to-let and you will need commercial lending. With Serviced Accommodation, you need to ensure you have the right insurance and policies in place. BEST MOMENTS With all the things you need to do to maintain your serviced accommodation, you will need to have a team behind you. With Serviced Accommodation, you are really creating yourself another job, rather than freedom. However, the returns are so good it's worth it. If you get contractors as tenants they may stay a lot longer at your serviced accommodation. Do not use your buy-to-let mortgage to purchase a property to then use it as a serviced accommodation.   VALUABLE RESOURCES If you’re interested in finding out more about the right mortgage product to finance your serviced accommodation, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
06/11/1818m 27s

Your Property Questions Continued - Deep Dive Q&A From The Progressive Property Community

Welcome back to The Progressive Property Podcast. In today’s episode, Peter continues to answer your questions from the Progressive Property community. Learn the right and wrong questions to ask a letting agency, hear the essential advice you need to know if you’re a complete beginner in property and learn about Peter’s own journey in property own the last 18 years. Hear the real-life questions from the property investors out there doing it today and taking action. If you’re not yet part of the Progressive Property Community click here to join now. KEY TAKEAWAYS Questions from the Progressive Property community What questions should you ask a management company? One thing to look at is how they structure their company. Look to deal with specialist management companies that also deal with Lettings. This way if you have a tenant move on you can seamlessly market the property and let it out again, inhouse. Look to see if they are a local company or part of a chain and from here you can see their systems and processes. For example, do they do inspections and home visits? Do they specialise in letting certain property strategies? Really you want to know as much as possible and especially “What is your procedure if a tenant goes into arrears?” What would you do differently if you were starting now? If I knew then what I know now it would most likely have been different. Times have changed since I started investing in 2000 with software, systems, communities and training more available now than ever. Things are now much better for investors than they used to be. To be honest I would have done more flips and been less cautious. If possible I would have looked to invest more in HMO’s and commercial conversions with the new planning laws. I’d also like to have done more options and delayed completion deals during the credit crunch. Finally, if I were to start again now, I would raise a lot more private finance and joint-ventures from the beginning.   What advice would you recommend for a complete beginner? The key thing for a beginner is getting started. The one thing that always lets them down is simply fear. It’s rarely the case that you’ll go out and lose all of your money if you’ve been educated. Make sure you just get started and take action, you don’t need to wait to find your goldmine area you can get started anywhere. It’s better to invest somewhere than to invest nowhere. The one thing you should know is your reasons why, what you’re trying to achieve and how you’ll achieve it. BEST MOMENTS “Problems compound with time. You need to nip it in the bud as soon as possible” “Always back yourself and go for it” “Your network is your NETworth” “Even a mistake in property will grow out in time” “It’s better to invest somewhere than to invest nowhere” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ https://omny.fm/shows/progressive-property-podcast/ppp-100?in_playlist=progressive-property-podcast!podcast ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
30/10/1842m 25s

Deep Dive Q&A on Brexit, Property Strategies & Podcasting

Peter shares with you a special Q&A from the Progressive Property Community. Property investors from around the U.K. have been sending in their questions and today, Peter takes to the podcast to answer them. With over 65 hours of content and listeners in over 50 countries, you can tune in now, to hear the answers you’ve been waiting for in this milestone episode. If you’re not yet part of the Progressive Property Community click here to join now. KEY TAKEAWAYS Questions from the Progressive Property community What is the best and worst pieces of advice you’ve received on your property journey? Well, when I was working full time I read a Joe Carbo a classic self-help book called The Lazy Man’s Ways To Riches. This book helped me understand there were other ways of doing things, and as a result, I started to explore my entrepreneurial side. So the best piece of advice I’ve received was ‘To realise that things didn’t have to be done the traditional way’ and I could go off and do my own thing and leave the 9-5. It gave me the freedom to embrace entrepreneurship and to get out there and start doing it. The worst piece of advice is ‘To Be Careful’ we don’t need to be cautious and not take risks, don’t be reckless but equally, you need to take action, and this can mean not being careful.   How do you find a good mortgage broker? You should definitely be using a mortgage broker. It’s far easier than raising finance yourself by going straight to the bank. A good broker is worth their fees because they will help you find the best possible deal. Brokers will help you keep tabs on the market and its changes. It’s a full-time job keeping up-to-date with changes to legislation and interest rate, it’s not your job. Brokers also can pick up the phone and persuade the bank's underwriter to lend you the money, even if you don’t fit the requirement. Many investors don’t appreciate the quality of good mortgage brokers. A good broker will ideally be investing in property themselves and will, therefore, be creative with your application to get you the best deal. The most important thing, however, is to go to the best broker for the type of finance you’re looking for. If you’re planning on securing finance for a HMO deal you’ll want to visit a specialist in that area. But mainly, look for referrals and recommendations from the community. If your looking to find your own mortgage broker and need some help from Peter? Email Thepropertyteacher@gmail.com for his recommendation. How easy is it to move up to the next strategy? Normally you would naturally progress through the Progressive Property pyramid of strategies. This starts with buy-to-let, and then moves onto the buy, refurbish, remortgage model, onto flips and then further up the pyramid you'll start doing HMO's, lease options and then at the top commercial conversions. Really you can do any strategy as long as you’re educated. At Progressive, we start at the bottom so you have the fundamentals first. Don’t go out there and do it alone. BEST MOMENTS “For each strategy, you might need a different type of finance and for each type of finance you might need a different broker” “You don't need to be geographically close to your broker, it isn't essential to securing the right finance for you.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
22/10/1842m 42s

Why Flipping Properties is a Great Strategy For All Investors

At its core level, flipping is about buying a property cheap and selling it on for a profit. A typical BTL will only yield you a small percentage of income each month whereas flipping a property will land you a large sum of cash when you sell it on. Now you have a chunk of cash, you can use that to finance your Buy-to-let properties to also create a monthly income from property. Learn how to find vendors that are motivated to sell quickly and where securing the highest possible price for their property isn’t their number one concern. It may be the speed of the sale or simply getting rid of the property as quickly as possible because its empty. It’s with these type of vendors that a good deal can be done. KEY TAKEAWAYS You can increase your chance of securing a good flip by going directly to the vendor. It makes sense for us as investors to target the owner-occupier market. To these deals, you can employ guerrilla marketing and leaflet dropping in your area. The best way of doing a flip and adding value is to do up the property. You can find these simply by going into your local estate agents and building a rapport with your local agent. Securing properties that are suitable for a flip doesn’t just revolve around the price of the property. There are many vendors that value moving quickly over getting the best price for their property. Empty properties are also a great type of property to secure as the vendor will be incurring costs all the time that it's on the market and sat there empty. The problem with finding properties on Rightmove is that you don’t get the whole picture. In fact, you only see the best pictures. It may be that a property with nice photos will still be the right property for a refurb and then a flip. You need to speak to vendors and estate agents face to face. BEST MOMENTS “The term flip is an American word, it’s about flipping a property on and moving it on as quickly as you can so that it can be sold on for a profit.” “BMV - Below Market Value” “Rightmove doesn't tell you the motivation of the seller” “A lot of investors will flip properties and target homebuyers or owner occupiers” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ https://omny.fm/shows/progressive-property-podcast/80-interview-with-property-investors-tasha-darring?in_playlist=progressive-property-podcast!podcast ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.uk
15/10/1828m 48s

A Guide to HMO Investing And The New 2018 HMO Regulations

As of 1st October 2018, new House of Multiple Occupation (HMO) rules came into effect in England. If you’re planning to venture in HMO investing, then it’s time to be in the know and get updated. In today’s episode of Progressive Property Podcast, Peter Jones shares everything you need to know about HMO Property Investing and the new HMO regulations 2018. There are different kinds of HMOs and different types of tenants so Peter gives a quick rundown on the fundamentals. Discover how you could structure your property portfolio to make the maximum return of cash. Know also the pros and cons of having investments on houses of multiple occupations. And, if you’re one of the HMO owners who have still unlicensed properties then better learn how to update them quickly. Let Peter help you and answer your questions. Connect with him! KEY TAKEAWAYS Consider the area before HMO investing. Not every local area is the same. Not every tenant is gonna want the same type of property. For example, if you want your HMO to be near the centre, your tenants maybe young professionals or millennials. Do you want it near the commercial area or residential area? Conduct a specific research on the demographics of tenants - what cost can they afford, how near do they want to stay, etc. HMOs are heavily regulated. If not regulated, these properties could be a fire risk or a social problem. As of October 2018, a license is needed if there is more than one family or at least 5 tenants. It can be applied through your local authority. The local authority/city council is also looking if you're fit or competent on investing in the HMOs. Peter advises you to go to an agent to help you show your competency. The local authority/city council is also looking on the property features and amenities your offering. They're strictly following the regulations. If your chosen area is under Article 4, you have to get requirements like a license and a planning consent from your local authority. Article 4 is a planning device given to local authorities from the central government which allows local authorities to regulate the proliferation of HMOs. HMOs are management-intensive. Peter’s advice is to not invest in any HMO in an area where you can’t find a competent agent. Start at finding on the right agent. Go to a specialist HMO mortgage broker to find you the right lender. HMO is a letting business so finding the right lender and valuer can increase commercial valuation on a cash basis – the rental they produced. When creating HMOs, they need certain requirements for shared accommodation. Some people, when they need space, would build a conservatory as an extension. If it’s of the right size, then you don’t need a planning council. BEST MOMENTS "Be very careful. Make sure you understand the regulations in your area." “The upside of creating an HMO is that the income can be fantastic when all rooms are rented out. The downside is you often find – depending on who your target market is & depending where your HMO is actually located – that the tenants can be rather come and go quickly.” “The reality is if you want to make a decent profit from your property, you want to do the work.” ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshopand The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD The Property Teacher Progressive Property
08/10/1823m 51s

Finding The Right Property Deals at Your Local Estate Agents

Welcome to another episode of the Progressive Property Podcast. Today, Peter explains how you can find a limitless amount of deals, simply by visiting your local estate agents. A question Peter is often asked is ‘how do I find deals?’ the answer, start with what you’re trying to achieve. When you’re clear on what you want, you can decide on the right property strategy for the right property deal. Believe it or not, the best place to find vanilla buy-to-let BMV deals is at your local estate agents. There are tons of deals out there and you can use a multitude of property strategies to cashflow them. All you need to do is, get to know your area, build a relationship with your local agents and as a result, you’ll find the right deals. KEY TAKEAWAYS The perception is, you cannot get a good BMV deal from your local estate agents. This is absolutely not true, in fact if you’re creative and know the right property strategy you can find lots of deals at your local agent. Most deals come down to the motivation of the seller and what they’re looking to achieve. Investors earn their money by doing the due diligence, the digging and the market research to see if a property can become a deal and earn a profit with a particular property strategy Before going to your local estate agent, be absolutely clear on what you’re looking for. Go to all of your letting agents in your local area and hone in on the type of property that rents well and that there is demand for. Then you can approach your local estate agents with a clearer idea of the right investmen