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
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 McDonnellABOUT 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
