In this revisited episode episode, Mark shares his thoughts on how to teach and motivate children to invest in property and be successful. There are tips on how to get a mortgage, what types of property to buy, how to rent your property, what you need to know about taxes, and the secret strategy that could allow you to obtain a house for free!

VALUABLE RESOURCES

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Mark gives a news review, focusing on Rachel Reeves plans for the October budget and what he thinks the rest of Labour's plans will be for the UK. Mark also talks about the voting share from the election, UK rental affordability and the impact the continued drop in interest rates is having on the housing market. 

KEY TAKEAWAYS

• Labour already knew the financial situation but they are now behaving like they didn’t, revealing the drastic measures they may take. 
• Labour will likely look to change inheritance tax and pensions to try and ‘fill’ the gap in finances.
• Only 20% of the population actually voted for labour. This outcome is really about the conservatives performing so badly.
• The government’s control over the sentencing of rioters is concerning, they shouldn’t be able to have this much direct impact on the sentencing of individuals.
• Rental tenants are paying 70% of their income on housing in the UK. This is a direct consequence of the changes made by the previous government, that impacted demand and mortgage rates. 
• Interest rates are continuing to go down, which will cause more people to buy houses rather than rent, this can already be seen by the slowing growth in the rental market. 

BEST MOMENTS  

"They’re saying capital gains tax should be the same as income tax, which of course is not right”

“I think she is probably going to try and get most of the bad news out this autumn”

“I think they will repeal the section 21 which will make it harder to evict tenants”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Join Mark as he gives an overview of the current news stories around property including the growth of the construction industry and his take on the favourability of first time buyers and what targets we should instead be focusing on. Mark also talks about the current rent crisis and the impact of the cost of living on landlords, investors and tenants.  

KEY TAKEAWAYS

• Historically, first time buyers keep the market moving and triggered economic growth but the favourability towards them with schemes such as help to buy have been detrimental in many ways too.
• The cost of construction has gone up by around a third, and this has created redundancies and collapses in the industry.
• Rent rises have surged post-covid and during this current cost of living crisis but Mark is seeing indications of this now slowing as demand is starting to reduce.
• Airbnb and other serviced accommodation providers have had a direct impact on housing stock. Some controls are beginning to be introduced but it’s important that these also incentivise traditional landlords to create choice and keep prices moderate.
• Building on brownfield sites is a key factor in meeting any kind of house-building targets but it’s also important that the targets are focused around the right types of properties in the right areas.

BEST MOMENTS  

"For decades there's been the assumption that first-time buyers prop the market up”

“First time buyers have become older”

“Construction industry whilst not mended is probably on the way to being mended after a difficult period”

“2020 was probably coming right to end to the previous cycle”

“We should be focused on the types of properties being built in the right areas”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Tune in to a brand new and exclusive live investing 12-week mini-series with your host Mark Homer and Progressive Property Co-founder, Rob Moore every Monday at 7PM.

Each week Mark and Rob deep dive into the art of investing with actionable advice on investing in business, property, stocks, shares, assets and more with any amount of pounds or dollars, all the way from investing with nothing, up to investing £1 million. At each stage and at each investment amount there will be a different strategy, a different asset class to invest in and a different approach to investing that is tailored to yield the best return.

HOW TO WATCH

Watch Live On The Progressive Property YouTube Channel Every Monday At 7PM Tiny.cc/PPTV

Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes

KEY TAKEAWAYS

• Discover the fundamentals of investing and why you must preserve capital at all costs, whilst maximising leverage to increase your capital.

• Understand low, medium and high-risk investing strategies and tactics from defensive investing in low-risk physical asset classes such as wine, gold or art to high-risk high-return strategies tailored to your investment pot.
  
  
• At each stage and at each investment amount there will be a different strategy, a different asset class to invest in and a different approach to investing that is tailored to yield the best return.

• Learn the value of compound interest, how to know when and what you can leverage and the difference between active vs passive investing.
  
  
• Uncover the secrets to the trade-off between returns on time and returns on capital among all investment classes.
  
  

BEST MOMENTS

“One of the best return on investments I’ve ever gotten has been investing in myself and starting a company”

“Each time you rise up and increase your investment pot your strategy will change”

VALUABLE RESOURCES

Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV

Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

The property world can be very daunting, particularly the finance side. Join Mark today as he simplifies the hidden costs of property finance and talks you through what to look out for when looking to get financing. Mark discusses the advantages of bridging finances, the hidden expenses in fixed-rate mortgages as well as looking out for exit fees.

KEY TAKEAWAYS

• Bridging finance is something that people may choose to use on properties where there may not be any income and traditional mortgages are not available. Bridging finance is usually available on any sort of property and it is really just based on the loan to value, however, it is much more expensive. Often, bridging finance will get you in on the teaser of 0.5% per month, usually by the time you go to exchange it is likely to be more expensive, potentially up to 16%.

• Fixed rates are generally more expensive. They are more expensive because effectively it is like an insurance policy against the interest rate rises. The fixed-rate deals over time usually have ended up being more expensive than the variable rate. Generally speaking, the market is offering fixed rates at the premium to the expected average interest rate that you’re going to be charged during the term of the mortgage.

• Always look at any exit fees you may face. On investment loans there generally isn’t any, however on bridging loans you may get some for 1%-2%. With development finance, which is the type of finance you will be taking out to develop properties, there can be an exit fee. This exit fee may not always be a percentage of the loan, it could be a percentage of the gross development value of the project, which can be very significant.

• If you are going to be doing stuff that is a little bit outside of the box (perhaps you are doing a large HMO), you may find yourself looking towards an Aldermore or Shawbrook type product. They can be great on smaller deals that are outside the box, but they can be very expensive. They may be 5%-6% interest whereas if you went to a high street or to a commercial bank, they might be doing it for 2.5%.

BEST MOMENTS

“So often I get people coming to me saying ‘I’ve got this mortgage and it is a really low rate, isn’t it great!’ but it is only a two-year deal. You really need to look at everything in the rounds”

“I generally prefer variable-rate mortgages but I find that fixed rates are a good insurance policy, but you need to pay for that.”

“Just be mindful of that. Do you always want to do out of the box deals if it is going to cost you almost double the rate of interest?”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Are you keen to start a new business venture but don’t know what to expect? Or perhaps you’re running a business and wanting a helping hand? Join Mark Homer today as he discusses the hidden costs of running a business. Discover the importance of not hiring cheap employees, having enough cash in the bank to survive a recession and being able to adapt to new industry standards.

KEY TAKEAWAYS

• Hiring cheap employees can potentially be a huge hidden cost when running your company. When you want 10/10 employees you have got to pay for them, they will be worth three or four times more in revenue than a poor employee. They will also save you a lot of money in losses and costs.

• A hidden cost of running a business is buying unnecessary products to furnish your offices. These can cost a company tens of thousands of pounds when starting a company when they don’t have much cash in the bank. It is much more important and worthwhile to put your money into marketing, sales and growing your business. The material items can come later.

• Not keeping cash can be a huge cost to the business. You do need to keep some cash, as we have seen through this COVID period and the previous recession there are some businesses who did not have cash in the bank. These companies were unable to switch their business model and ended up going bust. Be focused on keeping good chunks of cashback to ensure your business can carry on trading.

• When the market changes, competition comes along. You need to be able to adapt your business, if you’re standing still and staying the same you will no longer be relevant. You won't have adapted to the market as it has changed and you will end up going bust. The competition will come along, your customers will want other things and your competition will respond to that and take your business away from you.

• Diverting time into nonsense. Lockdown has been a great eye-opener for how much nonsense was really going on in daily life. Unnecessary travelling, phone calls and other distractions take place in the office each day which do not serve many purposes to your business. Focus on your income generating tasks so that you are not getting diverted into other issues that are not productive.

BEST MOMENTS

“Only hire 10/10’s. Pick the best, surround yourself with great people.”

“The best businesses start in the garage with nothing and grow their revenue stream. That is the most important thing.”

“Businesses do not go bust due to lack of profit, they go bust due to lack of cash.”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

If you’ve been thinking about taking the plunge on investing in HMO’s but are not sure about the hidden costs involved, or perhaps you already have a portfolio, and can’t understand where all your money has gone? Then listen in today as Mark identifies the hidden costs of HMO’s and multi-lets. Mark outlines the importance of managing your utility bills, using detailed referencing to source the perfect tenants as well as doing up your property and setting it apart from the rest to ensure it is always occupied.

KEY TAKEAWAYS

• The first big hidden cost with HMO’s are utilities. It is important you manage these because lots of tenants will regulate the temperature of their rooms by opening the window rather than turning the thermostat up or down. Put a system in there which controls the temperature range and also the times that the heating comes on.

• Secondly, you may come across some conflict between your tenants. Noise complaints, mess complaints and anti-social behaviour are no good when this could potentially upset your current, good tenants. Reference your tenants well, make sure you get working tenants and if that has not worked, and somebody is still causing problems eventually you may have to serve notice.

• Cleaners may not do their jobs sufficiently in communal areas. Make sure everything is clean and tidy and you hire trustworthy companies to look after your property so as to not upset your tenants. Enforce regular inspections to ensure the property is tidy which will, in turn, make it a lot more marketable and people will want to stay.

• Voids in HMO’s can happen reasonably and frequently. Inevitably the property will fill up if your HMO looks the best. You really need to dress it nicely and market the property with professional marketing photos.

• Make sure you take out the correct HMO protection. Go to a broker (preferably one broker for the whole portfolio) and ensure you get the correct type of insurance so that when you do eventually have to make a claim, you will receive your payout.

BEST MOMENTS

“Make sure you are getting the cheapest electricity and gas.”

“Make your HMO look the best in the town and you will keep it full.”

“This could mean the difference between thirteen hundred pounds in council tax and potentially four or five thousand.”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

If you’ve been thinking about taking the plunge on investing in HMO’s but are not sure about the hidden costs involved, or perhaps you already have a portfolio, and can’t understand where all your money has gone? Then listen in today as Mark identifies the hidden costs of HMO’s and multi-lets. Mark outlines the importance of managing your utility bills, using detailed referencing to source the perfect tenants as well as doing up your property and setting it apart from the rest to ensure it is always occupied.

KEY TAKEAWAYS

• The first big hidden cost with HMO’s are utilities. It is important you manage these because lots of tenants will regulate the temperature of their rooms by opening the window rather than turning the thermostat up or down. Put a system in there which controls the temperature range and also the times that the heating comes on.

• Secondly, you may come across some conflict between your tenants. Noise complaints, mess complaints and anti-social behaviour are no good when this could potentially upset your current, good tenants. Reference your tenants well, make sure you get working tenants and if that has not worked, and somebody is still causing problems eventually you may have to serve notice.

• Cleaners may not do their jobs sufficiently in communal areas. Make sure everything is clean and tidy and you hire trustworthy companies to look after your property so as to not upset your tenants. Enforce regular inspections to ensure the property is tidy which will, in turn, make it a lot more marketable and people will want to stay.

• Voids in HMO’s can happen reasonably and frequently. Inevitably the property will fill up if your HMO looks the best. You really need to dress it nicely and market the property with professional marketing photos.

• Make sure you take out the correct insurance, specifically for a HMO. Go to a broker (preferably one broker for the whole portfolio) and make sure you get the correct type of insurance so that when you do eventually have to make a claim, you will receive your payout.

BEST MOMENTS

“Make sure you are getting the cheapest electricity and gas.”

“Make your HMO look the best in the town and you will keep it full.”

“This could mean the difference between thirteen hundred pounds in council tax and potentially four or five thousand.”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Do you own single let accommodation, and are racking up unexpected costs each year but can’t figure out why? Or plan to start but want to know the cost involved?  Listen in to today’s podcast where Mark takes you through all the hidden costs involved in single lets which will avoid eating into your profits. Learn the importance of finding great lettings agents that ensures your property is rented out quickly and with brilliant tenants, the benefits of purchasing your properties under a limited company and why it is imperative to shop around for mortgages and insurance brokers.

KEY TAKEAWAYS 

• The number one hidden cost of single let accommodation is poor letting agents. There are many poor letting agents across the country. The main cost being poor marketing, not finding tenants quick enough when your property is empty and not putting the work into getting the property into a presentable state. A good letting agent will get the property lent quickly and therefore get the rent in for you.

•  The difference between a good lettings agent and a poor one is huge. You could lose up to half of the rent a year should you find yourself with a poor letting agent. A poor lettings agent may also not reference your tenants properly, therefore putting riskier tenants into the property which again will leave you with loss of rent or possible eviction costs. 

• Another hidden cost is high mortgage costs and not shopping around sufficiently for a mortgage. It is always beneficial to create a relationship directly with the bank and as you get better you can go to a commercial lender and maybe they will give you a better rate. Take longer-term deals, not always with fixed rates, if you look at the costs and expectation of the market, often the average rate will be lower if you go on the variable.

• To help save on some hidden costs, it is a good idea to purchase properties under a limited company. If you put properties into a limited company you can always offset all the mortgage rates against the rent, and you will only pay corporation tax on the net rent after you have taken the mortgage rate off. There is a big benefit there, especially if you want to scale and grow. 

• Not choosing the right type of builder for your refurbishment can rack up some high and unexpected costs. Focus on choosing individual tradesmen, try and source materials for them through LNPG, research the cost of materials this will all end up controlling the costs for you. 

• Make sure you take out the correct HMO protection. Go to a broker (preferably one broker for the whole portfolio) and ensure you get the correct type of insurance so that when you do eventually have to make a claim, you will receive your payout. 

BEST MOMENTS

“You have often got to kiss lots of frogs before you find a good one.”

“There is a very big gulf between a great lettings agent and an average lettings agent.”

“High mortgage costs can cost you in a big way, short deals sound great but they are not really protecting you against much at all.”

VALUABLE RESOURCES:

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjdkd7UiPfpAhVsQUEAHSPSC3kQFjABegQICRAB&url=https%3A%2F%2Ffast-asleep.com%2F&usg=AOvVaw1h19Fa_6IPVVrXPkbCQDJb 

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Learn how to make the most of the opportunities coming your way in property later this year after the COVID-19 pandemic. Listen in today to discover how to utilise empty retail buildings and convert them into property developments, the importance of creating strong relationships with estate agents as well as learning which areas of property are currently on the rise and which to avoid.

KEY TAKEAWAYS:

• As we progress throughout the year it is likely we will be in a situation where agents are going to be more and more interested in persuading their vendors to do deals. There will be more opportunities as the year goes on.
• Retail will be one industry hit the hardest after COVID-19, therefore there is likely to be many opportunities to purchase these retail buildings and convert the upstairs of them into apartments or rooms possibly using permitted development whereby you don’t need planning consent.
• It is important to focus on learning how to develop your relationships with estate agents because it is those guys who will bring you the best deals. In addition, you may find that the cheapest deals will be at the auctions. In a down market, the market will let you pay a lot less than the value.
• There is currently a high demand for HMO (houses of multiple occupancy) rooms due to many people's personal circumstances. As long as you create a great product and spend on the interiors to make them really high spec, there is a lot of benefit and opportunity when utilising HMO’s.
• There is likely to be a big demand for going direct to vendors when looking for new investments. Find vendors through marketing techniques such as leafleting, you may find people who are wanting to sell their property but do not want to publicly advertise.
• You need to get out there and explore new opportunities. Get out there and meet the agents and have a quality framework to use to negotiate and build those relationships.

BEST MOMENTS

“The people in the know, they are out there now starting to talk to commercial agents.”

“They want to get out of their jobs, and they want to start investing themselves.”

“There is a lot of opportunity there to increase your yield.”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Are you thinking about joining the world of property investment but don’t know where to start? Or are you simply looking to expand your property portfolio whilst there are some deals around? Well, listen in today as Mark answers all your property questions from commercial to residential conversions when the best time is to pick up a deal as well as busting the myth that the buy to let industry is dead.

KEY TAKEAWAYS:

• It is likely that there has been a lot of reduced prices in the commercial sector since the pandemic. There are great deals in this sector emerging with some commercial buildings going for less than half their original listing price.
• The easiest sector to do commercial to residential conversion is an office building or a retail building with up to two apartments as you don’t need planning permission. Whilst they won't be the cheapest in comparison to pubs or larger retail units, they do offer the least amount of hassle in regards to planning permission.
• Property values are already decreasing. By the end of this year the economic situation will inevitably get worse because the grant money, furlough schemes and all the loans will start to wear off. Now is the time to be out there buying stock and bidding on cheap property as there will be some good deals out there.
• There is no predicted exact date as to when the best deals will be. Start building your contacts with estate agents now, you may get a deal now but if not you will have built that bank of contacts and by the time the cheapest stock is out there all your contacts will be in place and you will be offered the best deals first.
• Now could be a good time to purchase land if the price is right, due to recent changes you can get more planning consent on greenfield sites. You may use this period to get planning consent and then in a couple of years time you can be building and selling into the market.
• Buy to let is alive and well you just need to buy the right property and ensure that it is high yielding and make sure you are putting it at the right sort of entity for the tax treatment. It is also a good strategy to buy single lets and utilise them as long as they are high yielding and bought for the right price.

BEST MOMENTS

“This time around I will do the same things, just go and buy a load of cheap stock that is high yielding.”

“The best deals are the ones that you find, you should get started now.”

“Buy to let is absolutely not dead, how could it be? Think of how many landlords and how many tenants are in the country.”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Do you feel restricted on what you can achieve in life because of your poor sleeping habits? Discover today the importance of getting enough sleep and the effect this can have on your physical and mental health and how mastering “sleep restriction therapy” will change your life for good! Listen in today to find out more.

KEY TAKEAWAYS:

• Sleep is one of the most important bodily functions. Not sleeping has all sorts of long term health consequences such as heart disease, cancer, obesity and it has a massive impact on individuals cognitive functioning.
  
  
• Often when you really try to put your mind to something, and you focus hard on fixing it, you will succeed.
  
  
• There are many things that can help you fall asleep, such as not eating after 7 pm, only drinking water after 8 pm, no screen time after 9 pm and taking a warm, relaxing bath in the evening as well.
  
  
• Another successful way to help you sleep is by practising sleep restriction therapy. You need to create a strict sleep diary and only go to bed for the time that you will be asleep. Limiting the things you do in bed, these include no reading, no watching TV and not using your phone.
  
  
• The process can take a couple of weeks to get you from sleeping a poor 4-5 hours to a full 8 hours. The therapy is adjusting your circadian rhythm and you must stick to it rigorously.

BEST MOMENTS

“Times of higher stress can affect your sleeping.”

“It will change your life, it changed my life.”

“Within a week, most insomniacs show that they went from 67% sleep efficiency to 87%”

VALUABLE RESOURCES:

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjdkd7UiPfpAhVsQUEAHSPSC3kQFjABegQICRAB&url=https%3A%2F%2Ffast-asleep.com%2F&usg=AOvVaw1h19Fa_6IPVVrXPkbCQDJb

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Mark has been investing in property for 15-20 years, approaching the 100 mark in terms of deals made and has a 70 million equity stake in various portfolios. One of the questions he repeatedly gets asked, is whether it is worth using additional cash to pay of your mortgage or if it is better to invest it elsewhere. Listen in to this episode to hear his thoughts and answers to this common question.  

KEY TAKEAWAYS

• If you are even slightly disciplined you should not pay your mortgage off. If you are worried about interest rates then look at fixed rate mortgages.
• If you can invest your cash somewhere else, you will earn more back on that lump sum than you will be paying in interest on your mortgage.
• Property is still by far the best investment opportunity particularly in terms of lending from banks; they will always give you a great interest rate on anything you borrow.
  
  

BEST MOMENTS

“Why would you want to pay of your mortgage if you can get consistently good returns by investing in your isa and getting much much higher investment returns”

“You’ve got to make your money work for you, no one else will look after your money like you do”

VALUABLE RESOURCES

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

KEY TAKEAWAYS

• The model of buy, refurbishment and rent was the strategy that really worked for me. It’s all about the leverage you can get.
• I have a successful strategy but am always interested to learn about something different
• I like to find someone who is doing something successfully then model on that.
• Property is opportunity led we may now see more commercial coming to market.
• Big changes will also bring big opportunities.
• There are lots of layers in the COVID situation and there can only be a broad overview of how to move forward because no one has all the facts.
• Coming out of this will be in part guided by the media and how long they continue with a negative message.
• There is money available for borrowing
• It’s all about confidence
• We have carried on working on our construction projects throughout this pandemic but have had plenty of challenges around supplies.
• Lots of self-employed people continued to work because they had to otherwise they had no income at all.
• There is nothing legally to stop you from opening your office. It’s about finding your way around the issues.

BEST MOMENTS

‘With construction, the challenges came with getting materials as suppliers closed’

‘There are lots of variables and we don’t know what they are at the moment’

‘Have a successful strategy but always be interested to learn’

VALUABLE RESOURCES

The Property Nomads Website

https://podcasts.apple.com/gb/podcast/the-property-nomads-podcast/id1440016017

The Property Nomads - Stitcher

Buy To Let: How To Get Started – By Rob Smallbone (Amazon)

Progressive Property website

Mark Homer LinkedIn

Warren Buffet Berkshire Hathaway Annual Meeting

Bank of England Monetary Policy Report Youtube

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

If you’re wondering what life after lockdown will look like for the property market then tune in today to discover how to make the most out of a rare opportunity. Mark discusses when best to purchase property at the lowest price point, to the safest revenue streams if you’re just starting out and what strategies you should use when investing post COVID-19.

KEY TAKEAWAYS:

• There is likely to be a decline in house prices once Estate Agents are back up and running again. Unemployment will rise significantly therefore the pressure on housing prices to fall will be great. There will however be many opportunities to buy cheaper with increased yields with many people preferring to rent rather than buy.
  
  
• No money down is still possible. You could look into ‘rent to rent’ deals which may include a very low amount of money to be used for legalities. You could also look into JV partnerships which include little to none of your own money used as well as leases on properties to reduce the capital that you need to put in up front to zero, here making it no money down.
  
  
• If you are starting out in property at this moment in time, it would be advisable to go with single let properties as well as HMOs and to stay away from hotels and serviced accommodation.
  
  
• When we come out of lockdown the economic crisis will not suddenly revert. There will be a period of time where it will be quite depressing, there will be a nice window of opportunity to purchase properties at a lower price point than before the pandemic.
  
  
• To obtain accurate and trustworthy information in regards to the economy and the current situation in regards to the pandemic, read valuable news source such as the Financial Times or the Prime Ministers broadcast. Steer clear from listening to people's opinions on social media.

BEST MOMENTS

“There are going to be many opportunities which you will want to take advantage of.”

“There are lots of industries that will do quite well out of this.”

“Put your cash in the bank and in a savings account!”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

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:

1. 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.
   
   
2. 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.
   
   
3. 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.
   
   
4. 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.
   
   
5. 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.

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

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?

1. 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?

1. 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?

1. 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?

1. 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?

1. 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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Welcome to the 100th episode of the Mark My Words podcast, hosted by Progressive Property Co-Founder and expert investor, Mark Homer. Tune in to an exclusive anything goes Q&A, Mark answers listeners burning questions from the best way to get into property to what he is currently buying and selling in this uncertain time. Don’t miss this one-off special.

KEY TAKEAWAYS:

Q. What is the best way to get into property with limited money?

      A. The quickest way would be to find a partner who you can work with or possibly do a rent to rent deal whereby you are leasing properties from another landlord and then subletting rooms out. You could also do a JV with landlords where you can source properties for them and get into it that way using their money.

Q. Will the world be the same after COVID-19?

      A. I very much doubt it, I think people will want more protection when traveling. They are probably not going to get on a plane in the same way, they will be using more sanitisation products. Until we can get a vaccine I think people will behave differently.

Q. How do you recommend finding a JV partner during the lockdown?

      A. I think online is perfect. You are going to be having a lot of virtual relationships online because you cannot go out and meet people. Facebook, Twitter, Instagram, and LinkedIn are good ways. You can make lots of calls virtually on Zoom or Skype.

Q. If you’re starting out in property now what strategy would you use and when?

      A. If you can buy serviced accommodation units or hotels provided you have an experience that is a way forward. If you are inexperienced I think sticking with single lets or HMO is still a good idea, just ease yourself into it gently by doing only one. You will probably face some issues initially with getting people to move and buying property in this three month period. Learn as much as you can online, download study packs and get ready.

Q. What are you currently buying and selling?

      A. I am not buying anything at the moment, I am developing a number of apartments and I have another one in the planning.

Q. What shares and stocks are a must-buy?

      A. You could buy individual stock. If you are looking for a five to ten-year horizon then you could probably do well out of it. If you’re worried they will go down again then I wouldn’t buy right now. If you are not experienced you may want to buy a FTSE tracker fund or something like that where they put you into a nice spread of the market with very low fees.

BEST MOMENTS

“Cash is king right now”

“Educate yourself, and get ready”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Join Rob Moore and Mark Homer as they cover unchartered territory in this exclusive Q&A as they talk about what is affecting us all in this uncertain time.

They talk about  the current property market and

• The implications and complications that isolation has
• How to continue trade to keep business going and 
• How they are personally navigating through these uneasy times. 

This Q&A is ideal if you are worried or just simply intrigued about property, business or how others are handling the current global pandemic 

Here are some of your questions and topics this duo has covered:

• Right now, should you be buying a property? 
• Will interest rates go negative?
• Should you be considering  extending  credit from your suppliers?
• Rob and Mark give you their tips and suggestions on overcoming procrastination
• PLUS the secret of Robs coffee order is revealed!

Progressives founders are leading the way to show you it is ok to feel lost and challenged in your business right now and how this year can be a pivotal moment for you and your future. It is all about prioritising and this is definitely one to prioritise as you receive industry insights AND all questions are on the table! 

VALUABLE RESOURCES

Progressive Podcast Supporter Programme - http://bit.ly/PPsupporter

Life Leveraged Book - https://www.amazon.co.uk/Life-Leverage-Outsource-Everything-Lifestyle/dp/1473640288

Mark Homer LinkedIn - https://www.linkedin.com/in/markhomer1/?originalSubdomain=uk

Mark My Words - https://podcasts.apple.com/gb/podcast/mark-my-words-podcast/id1165370399

Mark Homer Twitter - https://twitter.com/markprogressive?lang=en

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Everyone has a passion or a belief; something that drives them to be who they are. It’s a concept known as ‘Fire In The Belly’, explored further by Pete Lonton this week, when he discusses the driving forces behind the success of his special guest, our host Mark Homer.

In this episode, Mark explains what “fire in the belly” means to him, as well as the purpose behind his mantra: “Focus like a laser on one thing, and become the best at it"

KEY TAKEAWAYS

• You need to invest in things you understand, and in which you can, to some extent control. Mark sees far too many get-rich-quick schemes that promise much, but deliver little. Each opportunity contains a truth at its centre. It’s about find that truth and deciding if it’s a fit for you.

• Mark was trained at an early age to always play the long game. Saving was a big part of his childhood, and delayed gratification was a value instilled into him by his frugal father. Patience is a quality that has served him well.

• Networking with the right people allows Mark to constantly learn and grow. By providing value to the people around him, and by drawing value for them, Mark is perpetually developing.

• Investment is largely based around logic. Many of Mark’s successes have been built upon his instinctual talent with numbers, and his highly efficient systems based on data.

• Logic sometimes has to take a backseat though. there are times when Mark calls upon his gut instincts to make decisions. But as he explains, these feelings are always based upon experience, which in itself, is a logical choice.

• Hard work and self-sufficiency are the main values that Mark is hoping to instil into his own children. The greatest gift anyone can be given is self-reliance.

• You can develop yourself if you apply yourself. Baby steps that take you forward, and playing the long game with patience, are essential components for success, development and happiness.

• You’re often best-off doing what you know. For Mark and his business partner, Rob Moore, the founding of Progressive property has allowed them to see where they belong, and has made them recognise that the skills and talents they possess are best suited to the company they have founded.

• Stagnation is always a business-killer. Look for the opportunities to grow, even in the smallest areas. Be the best you can possibly be.

• Ego drives Mark to a certain extent. Pride should be taken in achievement, and it should also be used as a barometer for future opportunities.

BEST MOMENTS

• ‘I love finding the truth of an investment’
• ‘I don’t like being frivolous. It makes me feel sick’
• ‘People like that are inspiring’
• ‘Gut feeling is the distillation of all the things you’ve learned over the years’
• ‘If you buy into that then you’re not going to be successful’
• ‘Words are only so effective’
• ‘You’ve got to keep it fresh’ 

VALUABLE RESOURCES

Mark Homer LinkedIn - https://www.linkedin.com/in/markhomer1/?originalSubdomain=uk

Mark My Words - https://podcasts.apple.com/gb/podcast/mark-my-words-podcast/id1165370399

Mark Homer Twitter - https://twitter.com/markprogressive?lang=en

ABOUT THE GUEST

The ‘Mighty Pete Lonton’ from the ‘Mighty 247’ company is your main host of ‘Fire In The Belly’. 

Pete is an Entrepreneur, Mentor, Coach, Property Investor and father of 3 beautiful girls. Pete’s background is in Project Management and Property, but his true passion is the ‘Fire In The Belly’ project itself. His mission is to help others find their potential and become the mightiest version of themselves. Pete openly talks about losing both of his parents, suffering periods of depression, business downturn and burn-out, and ultimately his years spent not stoking ‘Fire In the Belly’. In 2017, at 37 years of age that changed and he is now on a journey of learning, growing, accepting and inspiring others.

Pete has the ability to connect with people and intuitively asks questions to reveal a person’s passion and discover how to live their mightiest life. The true power of ‘Fire In the Belly’ is the Q&As - Questions and Actions!

The ‘Fire In The Belly’ brand and programme is rapidly expanding into podcasts, seminars, talks, business workshops, development course and rapid results mentoring.

CONTACT METHOD

https://www.facebook.com/mightypetelonton/

https://www.linkedin.com/in/peter-lonton-4b83184

https://www.facebook.com/groups/430218374211579/

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Join in a LIVE property Q&A discussion with one of the UK’s most experienced investors. Take a seat at an intimate insider property session with Progressive Property co-founder and Mark My Words host, Mark Homer and discover his insider predictions on the UK property market, the shape of current investments, property price predictions and new legislation. If you’re looking to get a head start in property, this is the episode for you.

KEY TAKEAWAYS:

How difficult is it to raise the value of a certain area?

• Developers often do this when they develop a larger site. They will do all the infrastructure, road networks and landscaping which will lift the values. I have never seen anybody achieve that by doing it on an individual property by property basis.

How are you finding the market purchasing at the moment?

• I haven’t bought anything for the last six months, however, I do talk to many people. It depends where you are and what you’re looking for. I had some people telling me that the deal flow was really good at the moment. I think the possibility of a no-deal Brexit had ruined a lot of the sales up. If you’re finding it difficult, I would suggest looking at your supply lines. Get more agents, create leaflets and send them out once a month over the next six months. You should then find improvements in that area.

Can you see any new legislation coming out that will disrupt the market at all?

• The only thing I have seen was a planning appeal whereby a council told owners that they couldn’t use the property as C3, it is C1 so they required planning consent. Which I thought was bad, but people seem to be carrying on as normal. Other legislation such as section 21, meaning that you’re not going to evict tenants for any reason, it will have to be for misuse of the property or non-payment of rent. I believe there will be more selective or additional licensing and more enforcement. There are lots of changes to leasehold properties, the ground rent is going to be set at zero for new ones.

Are there any general tips you can give on making the transition to the next level up in property?

• You really need to end up with a margin on cost no lower than 20% once you’re at the end, which may be 30% when you’re starting out. I think it is a couple of units you can do with permitted developments, on your early ones it might be a good idea to go with a smaller unit and convert them. Sometimes you will have to pay more for those. It’s all in how much you buy it for, if you buy it cheap enough then you can almost go through this whole “university degree” with making all the mistakes through the project and come out the other end alright if you got it cheap enough.

I’ve got lots of agents interested in investment, how can I convince them to invest?

• Go and sit in front of every single agent at least once every two weeks. Try and get them out and have really strong relationships with them. They are having deals but they’re going in other directions. When you don’t get any results for three months, with leafleting and talking to agents just keep rolling. They have to get the leaflets through the door at least three or four times.

BEST MOMENTS

“Get more agents, create leaflets and send them out once a month over the next six months.”

“I think the possibility of a no-deal Brexit had ruined a lot of the sales”

“You can make all the mistakes through the project and come out the other end alright if you got it cheap enough.”

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

It’s a very special crossover episode this week, entrepreneur, investor, and tax expert Shaz Nawaz returns to Mark My Words! Listen in where they discuss everything from current projects and deals, tax strategies that have worked, the ways in which business can serve the community, and some of the tax misconceptions that might be needlessly costing you money.  

The whole conversation is presented for you today!  

KEY TAKEAWAYS 

• A No-Money-Down strategy has worked for Shaz lately. He’s just begun a project involving the building of several properties in a development, without spending any of his own capital. They say “money down doesn’t work”, but Shaz and Mark are of a very different opinion.  

• Previously, there was no tax to pay on dividends until you used up your basic rate and that’s why people used a corporate partner. That’s also why the rules were changed in 2014.  

• Large corporates can be brought to places like Peterborough, because the students who study at the university there, are highly desirable in terms of hiring potential. This creates jobs, which in turn benefits the city.  

• Not everything can go right all the time. Sometimes things go wrong. You can’t prepare for every failure, but you can learn from them.  

• Shaz predicts that councils will soon own more of their own stock, and that housing-associations will diminish. The profit can then go back to the councils, which means more public spending, which is a complete win.  

• People should always look into as many tax reliefs os possible, especially hybrid reliefs. Shaz recommends that use of home office for your business can stretch to several rooms, and therefore be larger, if you are holding stock at your home.  

• Saving money through tax is far more economical for you. If you save £138,000 through your business, then you may only end up with half that due to those savings being taxed. But if you save that amount through tax, then it’s all yours. 

BEST MOMENTS 

‘Money down doesn’t work - but obviously it does for you!’ 

‘We can’t have our cake and eat it all of the time’  

‘You flatter. Not to deceive!’  

‘You create a circular economy’  

‘It’s reinvention in a different way’  

‘You shouldn’t let the tax tail wag the dog'  

VALUABLE RESOURCES 

Mark My Words Podcast - https://podcasts.apple.com/gb/podcast/mark-my-words-podcast/id1165370399  

ABOUT THE GUEST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.  

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.  

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.  

You can find Shaz on:  

• Facebook
 
• LinkedIn
 
• Instagram
 
• YouTube.
 

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Don’t wait on the sideline for things to happen, get ahead of the game and make 2020 your year. If you’re looking for expert advice on property prices, interest rates and the state of the economy this episode is for you. Discover Mark’s top 5 predictions for 2020 and find your opportunity to make a profit. 

KEY TAKEAWAYS

1. Towards the end of 2020, we're going to see improvements in the economy. London has been falling 20%, 25%, 30% in some areas, you've got Kensington, Chelsea, Knightsbridge, they've all dropped, probably because they went too far, but also the fact that lots of foreign buyers have not been purchasing because they've been waiting on the sidelines for Brexit to happen.
2. Rents will rise between 5% and 10%. In 2019 the government has attacked landlord, George Osborne introduced clause 24, stamp duty went up and there have been lots of new regulations for landlords. We can see all of this exacerbating, getting pushed into the marketplace and now we're seeing the results, there is less supply of rental property, there are fewer properties available to rent with slightly more or significantly more tenants chasing fewer properties and, therefore, the only thing that can happen is rents will rise.
3. UK interest rates to remain flat through 2020 and we have had a surprise in the market today, in the economy got smaller by point .1%  (Nov 19), but because that surprised the market a little bit, the market has a greater expectation that interest rates may fall ever slightly at the next monetary policy committee meeting. However, I don't think you're going to get much movement at all in 2020.
4. Banks will become more aggressive in 2020. At the end of 2019, we went into a period where banks got quite jittery, and that was because of the yield curve inverted.
5. Classic car values have fallen over the past 3 years in the UK and it’s expected stop, however higher value cars will reduce in price and that will be a great investment strategy.
6. 2020 we've got the US election Trump is running again. Things will probably move around significantly if he ends up going. He probably has created higher growth. People in the USA say, the amount of regulation on business and tax on business has reduced significantly and this is stoking growth.

BEST MOMENTS

• “2020 may see a bit of growth in central enterprises.”
• “Whilst fewer landlords are looking to purchase, there are also plenty looking to dispose of their property portfolios as well because they can't necessarily go into a limited company or they see that licensing or regulation changes.”
• “If the government makes it more difficult to buy buy-to-let properties and put landlords off and tell them they're going to tax them more and the papers keep smashing them, fewer landlords to buy and more will look to dispose off their rental properties, therefore, there are fewer properties available, the same or more amount of tenants chasing them and thus prices to go up.”
• “Deflationary pressure comes about through lack of investment, lack of economic growth, and therefore, the government or the Bank of England is more likely, because they can't reduce interest rates anymore, they got nowhere to go, the only thing they can do is start printing money or creating bonds and then re-buying them increasing the money supply, which is called quantitative easing, or QE.”
• “In times of higher uncertainty, or where people are predicting a recession, people will throw money at US government bonds because they see it as the safest place to put the money.”
• “A lot of people would agree that a really good predictor of a recession is an inverted yield curve.”

VALUABLE RESOURCES

• https://www.facebook.com/markprogressive

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Mark gives an overview of the current news stories around property including new legislation and the recent budget. Mark also talks about the many changes around serviced accommodation, current house prices and gives his thoughts and opinions on why other markets aren’t investing in the UK.

KEY TAKEAWAYS

• When governments reduce taxes, they generally find they receive more tax as people spend more in the economy.
• Other markets aren’t investing in the UK as they don’t see our companies as efficient of innovative.
• There are big changes happening in serviced accommodation, you will no longer be able to claim capital allowances on SA and much more planning will be needed for new serviced accommodation.
• There have been more changes in the property market since Christmas with some areas seeing 10-15% drops.
• It’s a fine balance between legislation to help renters and pushing landlords too far, reducing the rent stock further and making the problem worse.

BEST MOMENTS  

"As you reduce tax rates, often the amount of tax you take increases”

“The markets see our companies as nowhere near efficient”

“You’re not going to be able to claim capital allowances on serviced accommodation” 

“Inflation is now at about 4%, we need 2%, we were and 10%”

“Renters reform bill is on the brink of collapse”

"It pushes rent up"

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Tune in to hear two of the UK’s property experts discuss all things property. In today’s episode, your host, Mark Home interviews Experienced Investor, Best-Selling Author & Founder of Property Investing Network & CrowdProperty.com, Simon Zutshi. Mark and Simon discuss what they’ve been up to in the property world, the strategies they’re currently using, where to invest and how they both raise finance in very different and unique ways. Hear both Simon and Mark’s journey into property, how they started out and how they’re planning for the future. Listen and learn the insider secrets to successful UK property investing and take away with you the knowledge and advice of two of the most successful UK property millionaires.

KEY TAKEAWAYS

Q&A With Simon Zutshi

• How does cram property work? I think it's still quite interesting. Peer to peer lending and crowdfunding is still relatively new. I think most people in the UK might have heard of it, but haven't done it. And the UK is actually the pioneer of it. So about 6 years ago, I was at a business event. I always invest in myself. I always try to learn more. Getting around like-minded people. I was at an event which was kind of a future, a future trend something. And I was talking about peer-to-peer lending and crowdfunding. And I thought I didn't really know what it was. I'll explain that you people bring projects, said it might for a business or to raise money for a record or a new product, whatever it is. And the crowd come and fund it. And at that time, I was doing quite the size deals you are doing Mark but I was converting care homes up north into like 20 25 flats and things. And I was generally using my money and other people's money, which is one thing we teach people how to do. I believed that traditional banks who traditionally would fund developments. In the last couple of years, they are not seeking into… And they really wanna make you jump through the hoops… And I thought, there's gonna be an easier way. So, I was mainly funding things through private money. And I realized, I would like to build my 1 lending 50 grand to do my projects. A lot of people in my database didn't have that kind of money but would love to get a better return on their investment. So, I thought, could I solve two problems at the same time? Could I help developers who are struggling to get the debt part of their deals and then also help a normal consumer get much better on their money and all those activities regulated by the FCA? So we put together a peer-to-peer lending platform. And obviously, we've got lots of people who have done our training. And you are draining who are finding great deals. And then we help funds those deals, very very quickly. And actually, we are... no matter how we're funding. We have them two funding from the crowd. We also got a couple of institutions who put in money in as well. And it's a way of cutting out the bank, cutting out the middle man. So, this is effectively development finance... short term. It is kind of similar to bridging but much quicker and I think it's fast reliable finance.
  
  
• So, it is much quicker than bridging, why is that? Because what we do is... so people will come to us and they will say, "Well, I've got this great project." And in five minutes, they can fill in a form. Literally, 12 boxes. And within you say 24 hours, we can say, "Yes, we can find it or not." So very quickly to say and… We don't lend on a bad deal. It's gonna be a good deal. But the initial is just very quick. And then depending on if how organized the borrower is, we always get a Rics valuation before and after. And that's often the slowest thing. We can put someone on the platform. We promote out to all of our lenders. Typically things are funding in minutes. We're talking several hundred thousand pound. I think that 3-400 thousand is the average. We do anything from a hundred up to a couple of million. And so which is really fast.
  
  
• What does it cost to borrow money from you? So, it ranges from about 2-4% depending on the size of the loan. Ah no, that's the arrangement fee. And then the fees vary.
  
  
• You've obviously bought stuff. Isn't it mainly Birmingham? I was buying everywhere which is probably wasn't the best thing. I've got some things in my portfolio for the last couple of years. I've been selling it off. Always look where you live. Always start there. Maybe half an hour or so out from that, which is much easier. But then again, if you have a good network and reliable people, you can absolutely invest your money. We've got some people who trained with us, who invest from overseas. Yeah, because they set up a good power team.
  
  
• How he got into HMO. The first house, I bought in 95. And I rented it out. It was just right next to Birmingham University where I went to study. And I got a job at Capri's. And I rented the two rooms out to a friend's party because they didn't have flats in the area. They want to live in the area and as a student, I was quite socializing with other people. And I realized that the rent that they paid me covered the costs: my mortgage, my bills. So I saved all my salary. And had a part-time business when a student, I cover rents in Birmingham. That was a really good fun cash business. And so I had this money in my business bank account. And in 98, I bought my second property. And it was like 10 minutes closer to Capri's. My friends came live there, and my first house, I rented out. So I became a student/HMO landlord in 98. It was accidental, yeah. I thought I wanted to get into property but I didn't know it's going to be HMO.
  
  
• Return equity. So as the value goes up over time. If you sold that property. Assuming it's a rental, you have to pay some capital gains tax. How much money would you get out? And compare that to the cash flow you are getting now.
  
  
• Section 24, you just touched on it. And what are you doing about it? Section 24 is actually a very clever piece of legislation. I completely disagree with it. But it's very clever the way that they've done it because if you are a high-rate taxpayer, which most property investors are, you're gonna get covered basically. I don't know about you but I've spoken to a number of property specialists. And I find they all disagree on what should be done. So, I say to people, go and speak to a number of people, listen to what they say, and whoever you resonate with the most, that's probably the person to go with. So, I've chosen a particular root. I think it looks pretty good.
  
  
• Purchase list options. One of my favourite strategies is to purchase lease options. We can use those to take on a portfolio. Have a schedule of when we buy them over a number of years. The landlord can go sit on the beach and retire. And actually, they can maximize their capital gains allowance each year. And that particular strategy works incredibly well in this market.
  
  
• What are the strategies and stuff that you're doing now? You know I love HMOs though. And I think HMOs sometimes get a bit a bad press because I think in many cities, there is an oversupply of HMOs. But actually, they're very average standard HMOs and if you make yours slightly better, then the competitors, you should have no problem renting them out. And I think HMO is a recession-proof strategy because if time gets hard and people have to tighten their bills, they can't afford to live on their own, and a student as their part, they have to pay their bills as well. Actually, HMO is a form of cost-effective. So, I think in the right location, always a property, a good HMO should always rent out.
  
  
• Co-living, so what is your view on it? I have never done any unit bigger than 8. I've done a series of flats within a building. I'm probably not the best person to speak about it because I don't have an 18 or 20 bed one. I've got 40 rooms in a building but that’s all split into 6s.
  
  
• What is your view on service combinations? Service accommodation is obviously a very area sort of property specific and so I think if you wanna have a very profitable business but it really is more towards the business rather than sort of hands-free investment. We have quite a few trainers and loads of our delegate who do that. And I don't have the time to do that. We have a letting agency that manages all of our units. We have some service units, Rob and I, in the local area. And I reckon quite fear that our delegates do better than we do in terms of their milking profits. Probably because of the areas and because they are involved on the ground doing it every day. And they get paid to do it. It's not passive. But a great model, and certainly great for those people who, you know, maybe they’re in a job. They wanna leave their job. They wanna replace an income. They don't mind giving their time cause it's still only... a day a week. They're gonna be replacing their income from their job.
  
  
• Why the book is called “Property Magic.” So I call my book Property Magic because the analogy is that property if you don't know how it works. It could seem more mysterious and you don't know but when you know the secret, just like a magic trick, it is actually very straight forward. It's not easy, but it's straight forward. Just like Property Magic. That's the book. That's what it's all about. That's where it came from.
  
  
• In terms of the future now, where do you think we're headed? Where do you think we're going year 3 5 years now? So, I think generally the market has done very very well for the last 10 years since 2009. And I think that when you have a broom, you gotta have a little correction. I possibly don't think we're gonna see the same kind of crash as we have in 2008 and 2009... The banks are much smarter now, really controlling the lending. So different circumstances. But I think, seeing a dip probably is gonna happen as more and more landlords want to sell their property. Uncertainty, amateurs not knowing if they should go in or not because of all these things going on. Uncertain about if a different political party comes in. It might be “game change” for everyone.

BEST MOMENTS

• “Tell you what, all the stuff we bought miles away has not been as good as buying here in Peterborough. All the streets, we know. All the areas, we know. When there is an issue or there is a licensing or whatever, I know how to fix it because I learn all the stuff, all the locals and the regulations and all the... and then talked to the local agents, talked to the locals and everything. And I find a way through it though and when you're miles away. Well, if you're in 10 different areas… Investing close to where you live probably in your own country, where you understand the language, you understand the law, you understand the finances and tax. It's got to be the best thing."
• “When you're investing with money, you got to be so careful with your money. And boring is sometimes the best thing to do, isn't it?”
• “For me, that's what property is all about. You buy something, work once, get paid forever. ”
• “I think, every year, you should look at your portfolio. And when you buy something, my favourite measure is the return on investment. So how much do you put in? compared to how much is it generating for you. It's gonna be the best measure.”
• “I think a stretch of at least, selling at least one property a year, and getting your capital gains allowance. Your personal allowance. And then reinvesting that money in a better cash flow property.”
• “I really believe that if the paper is telling you one thing, maybe the opposite is true.”
• “Specialized knowledge means you can earn more money. That's what I do too.”

VALUABLE RESOURCES
https://www.crowdproperty.com/
https://propertyinvestorsnetwork.co.uk/

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
Simon Zutshi, experienced investor, successful entrepreneur, best-selling author, is widely recognised as the top Property investing Speaker in the UK. He became financially independent by the age of 32 having started to invest in 1995.

Passionate about sharing his experience, Simon founded the property investor's network (www.pinmeeting.co.uk) in 2003 which has grown to become the largest property networking organisation in the UK, designed specifically to provide a supportive environment for people like you to network with and learn from other successful investors. Since 2003 Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way to create additional streams of passive income, give them more time to do the things they want to do and build their long-term wealth.

CONTACT METHOD

Facebook: https://www.facebook.com/OfficialSimonZutshi/

LinkedIn: https://www.linkedin.com/in/simonzutshi/

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Tune in to hear the behind the scenes TV Q&A with Progressive Property Co-founder, Rob Moore. Listen in and learn all about Mark & Rob’s property journey from their first investment to growing one of the largest property investment companies and education businesses in the UK. If you’re looking to discover more about the traits of the greats and the characteristics of these two Property, business and entrepreneurial experts, this episode is for you. 

What was the first property you purchase? 

Mark: The first property I bought was a flat in a ski resort in Bulgaria off-plan and I lost 60-70% of the purchase price. After this, I bought a property in Hampton and flipped it when the price was right making roughly 15K but I could have made more had I not purchased a new build. Often the worst looking properties yield the highest returns. 

Rob: 26 Eyeroad, and I still own it today. My Dad helped me out with the deposit and when I become financially free I gave it back to them and they still live there today, mortgage-free. 

What is your work ethic? 

Rob: I have a fear-based work ethic and believe you have to ‘make hay while the sun shines’ because there are always bad times around the corner and you can be blind-sided easily. I want to take advantage and grow while we can and set ourselves up into a position where we can thrive even if we’re not earning 

Mark:  My work ethic comes in waves depending on what’s going on. There are times where it can be intensive for long periods of time and my job isn’t the same every day as I’m generally solving problems and issues day by day as they come along. I’ve tried to build most of what I do with an automatic degree of leverage. 

What milestone are you most proud of? 

Rob: Winning business of the year 2016, breaking the public speaking world records and raising the hundreds of thousands of pounds for charity and each time Mark and I have reached 50, 100, 150 properties or certain levels of income and bringing our letting agency inhouse are nice milestones also. I couldn’t pick one as I believe we still have lots to come. 

Mark: For me getting the Guinness world records and publishing our first books with international publisher Hatchet, we’ve also had the Independent, Financial Times and the Guardian write news articles on us. Additionally developing the new bigger building is a great milestone, right now it’s the old Marks & Spencers building where we’re building 99 apartments. Also some of the training programmes we’ve run in the Carribean, the super conference and having guests such as Lord Sugar, Bob Geldof, Grant Cardone etc.  

Describe your property portfolio? 

Mark: Our portfolio is broken up into different constituents and it depends where you are in the timeline to evaluate it. Our investing timeline is fairly linear so if you look at the terraced houses it’s often the ones we’ve purchased in the beginning and from there multi-lets, HMO’s and houses and subsequently into commercial conversion buildings and the scale has grown over time.  

Rob: Our portfolio has been a journey and generally we’ve reacted to the market and jump on opportunities for example with permitted development etc. We’ve always tried to buy property locally and never selling a property as long as it works and we have kept 95% of our portfolio.  

What do you do on an average day? 

Rob: I get up at about 5 and get all of my important stuff done by 8, I’ll then go to the gym and when I can I’ll come into the office with meetings in the morning. We often travel to do the podcast and I’m also trying to add more fun things in my life. My average day is routined but I like to keep a variety. 

Mark: I get up at 7 and crack on at home and often come into the office later but stay until around 6. I’m also away at onsite developments.  

What’s the biggest risk you’ve taken in property? 

Mark: Property wise it’s probably the commercial development of 99 apartments we’re doing at the moment. GDV is north of 20 million. Usually, when I’m borrowing money it’s first-charge only. There’s times when I’ve been worried about cashflow and liquidity but we like to stockpile cash. 

Rob: We haven’t taken too many risks and I’d be embarrassed and ashamed if we went bust and I’m not prepared to do it so we take fewer risks and think long-term.   

What are your business plans for next year? 

Rob: We’re probably not going to buy a load more property projects but there will always be one block or so a year and in terms of the education business we’ve just merged everything under ‘Progressive’ and I want to grow it more in the coming year and take it to the global stage.  

What’s your view on the right-to-buy scheme? 

Mark: Right to buy is something that Thatcher brought in and it’s been a good thing with loads of tenants having the opportunity to purchase their property from the council. It’s been great for quite a few people but those that have less financial knowledge have ended up re-mortgaging and their property has been repossessed. Maybe a right-to-buy scheme with enforced financial education would be even better. 

What’s your lifestyle like? 

Mark: It’s different and varied depending on the time of year but I’ve got a few weekends back which is pretty cool and with 3 or 4 holidays a year it’s great. It’s all about spending time with my son and my wife. I also go to a lot of events and try to do things I’ve not done before.  

Rob: I really enjoy writing, creating content, writing books and connecting online. Golf with my son is also huge we’ve competed at multiple tournaments around the world but work and what I love are pretty much the same.  

BEST MOMENTS 

• “It’s very important to have multiple streams of income” 
• “In the North, you’ll find lots of properties where the capital value is lower but the rent is no lower so the yield is actually higher.” 
• “The property I purchased in Bulgaria was an expensive entry fee into property” 
• “You do this for the money but realise you need to have fun too” 

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 

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”  

CONTACT METHOD 

Rob’s official website: https://robmoore.com/ 

Facebook: https://www.facebook.com/robmooreprogressive/? 

LinkedIn: https://uk.linkedin.com/in/robmoore1979 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Car hire and leasing can expensive and getting out of a contract early can be difficult especially if you don’t know what type of contract you’re entering into. In today’s episode, Mark dives into the details of car leasing, contract hire and PCP contracts and explains the most cost-effective way of controlling, owning or renting your vehicle. 

KEY TAKEAWAYS 

• Contract (leasing) hire - the term contract is interchangeable with leasing and is a fixed agreement, usually 24,36 or 48 months and you are expected to fulfil the contract. Essential the monthly payment has been calculated over many months. Therefore if you’re looking to end the agreement early you will usually have to pay 50% of the remaining rentals if you’re looking to give the car back early. The disadvantage of contract hire is that they are not particularly flexible. If you’re concerned about ending your contract hire seek advice from the supplying dealer or credit broker to offer a shorter agreement.  
• PCP (Personal Contract) Hire - At the end of the contract you either pay the remaining value of ‘balloon’ payment, you sell the vehicle or you return it. Should you wish to end the agreement early the common agreement is to pay 50% of the remaining rentals or return the vehicle to the finance company. With PCP you are able to enter into a process called voluntary termination giving you the option to return the vehicle to the company when you’ve paid 50% of the amount payable or more. This can be referred to as the rules of halves and thirds.  
• Many car lease agreements have a buy-out option and will usually credit a percentage of the lease payment towards that purchase and is commonly least expensive way of getting out of a car lease. In order for it to make sense the resale value of the car needs to be equal or more than the buy-out value of the car. However, if you’re looking to get out of your lease so that you can purchase a new car be careful re-entering into another agreement especially with the same dealership as they will roll over outstanding payments on your old agreement into a new finance agreement.  

BEST MOMENTS 

• “With a contract hire You will usually have to pay 50% of the remaining rentals. From my experience, they will try to make you pay all of them.” 
• “Car dealers love nothing more than for old customers to come back in and purchase a new car as they will make money on the old sale and the new one” 
• “Get everything down on a spreadsheet to work out the total cost to get in and out of these leases” 
• “Focus on the P&L and APR before purchasing a car” 
• “Dealers love talking about monthly payments” 
  
  

VALUABLE RESOURCES 

• Centralleasing.com
• Appliedleasing.com 
• Leasing.com 
• Freedomleasing.com 
  
  

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  

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Go behind the scenes and join 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. Listen in and 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 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Do you want to fly first class around the world and stay in 5-star hotels for next to nothing? In an insightful interview with fellow frequent flyer Mark interviews professional Avios point collector, savvy travellor and property developer Ian Walmsley. Mark and Ian share with you the tips and tricks to collecting travel points, the best cards to use and how to collect a number of rewards simply by knowing which cards and services to use. Take a trip into Mark and Ian’s wallets and hear first hand which cards they use to travel first class around the world. 

KEY TAKEAWAYS 

Where are you redeeming the most points? 

For earning for points I will use the American Express Platinum card. The annual rate is £575 per year but you will earn that back during the year. This card earns you 1 membership point per pound spent which can be exchanged for flights on BA, Virgin Miles and a range of hotels, you also get travel insurance around the globe and premium car hire insurance. For every pound that you spend on the American Express card transfers to 1.5 Hilton points and additionally and for every 5 nights that you stay gives you get one night free. 

Where do you pick up the tips and tricks? 

I pick up a lot of information from blogs and sites and quite often read non-English blogs to pick up some great deals. It’s also worth setting up Google alerts to notify you when certain sites post offers and deals. 

British Airways Platinum Plus Card 

Only generates British Airways points at  1.5 Avios points per pound spent. The biggest benefit of this card is that when you spend £10,000 per year you get a companion voucher each year which allows you to get 2-4-1 on travel fair. If you and your partner both have these cards and spend regularly you can get two companion vouchers meaning you will get 4 return flights for the price of 2 in business or first class. For long-term spending, this is the best card you can get.  

The Curve Card 

Where credit cards are not accepted you can use the Curve card and re-charge those payments to a visa or MasterCard. You will also pay zero foreign exchange fees while abroad. You can use this to re-charge to the Virgin visa card and as systems recognise the curve card as a debit you can pay for government services with the HMRC with your card. A lot of people are paying taxes and earning points through the Curve card.   

BEST MOMENTS 

“I’ve been collecting originally air miles before they were Avios for over 15 years.” 

“I like to save money” 

“Since air miles became Avios and it came online, I’ve been able to save a lot more and now I frequently use them to fly around the world” 

“I got around a million Avios points at the moment” 

“I got a trip to the Maldives in the Waldorf that hotel should of cost me 20K and I got it for 2K” 

“The Hilton is probably the best hotel scheme for mid-range members. It’s the only scheme that includes breakfast and more benefits.” 

“The majority of people don’t actually know how easy it is fly first-class and get these trips for next to nothing. Essential we’re just playing the game.” 

“HSBC and Virgin cards are good for visa spending.” 

“The Virgin credit card is the best credit for collecting points” 

“When your window opens up you’ll quickly be able to see what you’ll be able to book.” 

VALUABLE RESOURCES 

https://jacksflightclub.com/ 

https://www.headforpoints.com/ 

https://rewardflightfinder.com/ 

https://awardwallet.com/ 

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 
Ian Walmsley is a professional Avios point collector and savvy frequent flyer along with Ian’s travel geek and planning geek hats he is a professional property developer and owner of South East property company Leading Homes.  

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Join an in-depth property discussion with your host Mark Homer and founder of property management software Go Tenant!, multiple business owner and self-made millionaire, Rick Gannon. Hear expert property advice for both beginners and pros and get insights on the best property strategies, the future of the UK property market post-BREXIT and discover what you can do to become a successful property investor as Mark and Rick answer questions from the community.

KEY TAKEAWAYS

• Question: Are we going into a recession?
• Answer: If we leave the EU on the 31st October we will see a correction in the UK property market, this can vary from 10-30%. The bank of England believes we will see a 30% reduction in prices in the first 12 months with another correction at the end of 2020. However other articles predict 15-20% reductions. Nevertheless, it depends where you’re located in the UK, in the North property prices are still achieving 100% of asking, however, year on year properties in London are seeing a decrease in prices of about 0.8%.
  
  
• Question: What can you do if your strategy isn’t working and you’re not securing any deals?
• Answer: You’re probably not doing enough viewings and not offering on every property. You need to offer on 10 properties a week and fill your pipeline up. It’s a numbers game and simply by the numbers, you will get some deals. Learn from the objections you’re getting and work on your pitch.
  
  
• Question: Should you manage your property portfolio yourself or outsource it to an agent?
• Answer: It depends on your lifestyle and how much time you’ve got. It’s a good use of time to outsource your properties however, it does depend on the property strategy. With HMO’s it can be more difficult and it may be better to manage it yourself. Rick has a useful app called Go Tenant! To help with these challenges.
  
  
• Question: How can I minimise risk when investing in the current market?
• Answer: There are lots of types of risk such as yield, capital, tenant risk, financial risk, and contractor risk, ultimately it’s important to fill up your pipeline and manage your financial risk with fixed rates and to ensure you’re not exposed. You can also reduce your risk a lot by referencing tenants effectively. We do all of the due-diligence of tenants before the viewing using Go Tenant! Remember an empty room is better than a problem tenant.
  
  
• Question: Do you have any tips on negotiating a property price?
• Answer: Try and give them what they want. Try to give them everything they want other than the price, be flexible with completion dates, accessibility and build a relationship with the seller directly. Make yourself better than everyone else bidding on a property.
  
  
• Question: Are property investments in the North overtaking London?
• Answer: It depends on what context, the yield is guaranteed to be higher in the north although the capital gains and property value are less certain. It’s very hard to predict, however historically London has always been ahead in terms of capital gains. There is a lot of uncertainty right now and the sterling is very, very low but once the uncertainty lifts after BREXIT all the money waiting on the sidelines will just pour into London both locally and internationally once we’re in a more stable market and the pound recovers.
  
  

Advice From Mark

Clause 24 and difficulties with clause 21 are making property investment more challenging. The Holiday let market along with serviced accommodation units sidestep a lot of recent rules and regulations affecting more established property investment strategies. Although It’s always a good idea to diversify your portfolio to adapt to changes to the current economic climate.

BEST MOMENTS

“The last cycle started in Mayfair in 2010 and then price rises spread throughout the country as people moved”

“It’s always a good time to buy at certain price levels, it depends on potential capital gains and potential yield”

“The next month might actually propose an opportunity to buy at lower prices”

“The bank of England has made an assumption on XY&Z and either way it’s only one outcome”

“There’s always going to be something that stops people from investing, there’s never going to be a right time.”

“You’ve got to adapt to survive”

“Don’t focus on the things that you can’t control”

“We’ve moved the majority out into limited companies”

“The direction of property moving forward politically. Is it better to progress with a commercial strategy that drives cashflow?”

VALUABLE RESOURCES

https://gotenant.co.uk

https://www.rickgannon.com

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

Rick Gannon is a serial entrepreneur, multi-business owner and self-made millionaire. Rick's main focus is helping others achieve their financial goals through investing in high cash flowing property. Rick is the Founder of "Go Tenant!" Property management software and tenant recruitment software. Rick is the best selling Author of Number 1 best seller property book "House Arrest" and columnist for 2 national UK property magazines. Rick has featured on Sky Television and is seen as the industry expert for multi-let / HMO property in the UK.

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Today, Mark interviews Aitch Group’s head property developer, influential in the development of over 2500 homes and expert in private housing, Henry Smith. Mark and Henry discuss in detail why property investment is the perfect opportunity for entrepreneurs and share with you the tools you need to be successful in today’s turbulent market. 

KEY TAKEAWAYS 

• Property investment. This is the best investment you can ever get into because the business plan is already there and the buildings are already there, all you need to do is just spot the right one for you that you can refurbish and maybe rent it out or sell it out and make a lot of money, either office apartments or homes. 
• Why do you hold the properties? You can decide to hold your property because the world is always changing and a lot of people are looking for homes, office space and many more, and then you can wait for the right time to sell your property, and this is when the market price is very high so that you can make huge amounts of money. 
• What do you need to succeed in property investment? There is a need for the best management there could be because poor management of these properties, poor refinancing, poor attitude, all these can result to you as a business making poor decisions and very huge losses. 
• Training and seminars. And this is not only for property investment, but it runs through all businesses. If you want to succeed in your business, you need to be trained on what your business should entail, and you should look for people who have done your business and succeeded in it. 
• Another way to succeed in property investments such as buildings is all about working with the right developers. Having the right team with you and people that you are able to work with throughout, what they can build and how quickly you can build it. 

• Investing in property is very advantageous because you get to travel the world, meet a lot of people and make lots of money. 
• Hold property wherever financially you can, it's a great asset, both commercial and residential in the right location. If you've got a commercial unit lockup, perhaps, in the middle of nowhere, that is very hard to let, then don’t do that. 
• Good management is the root of a successful business. If you have the best management in your business, then you're going to be successful in your business because good management prevents misuse of resources and other things in the business. 

BEST MOMENTS 

• “Don’t think of now, think of 10 years' time, think of the future because once you build that building, you can't wake up tomorrow morning and decide to demolish it again and start building it again.” 

• “You lose a lot of money when people don't put any skin in the game.” 
• “If you don't sell, you don’t earn.” 
• “Plan for the worst and hope for the best.” 
• "Borrow as much as you can is the worst advice you could ever receive. Borrow money when there is a need for money." 
• “You need to learn from your mistakes but don’t repeat the mistake twice.” 

VALUABLE RESOURCES 

• https://www.standard.co.uk/business/secrets-of-my-success-henry-smith-boss-of-london-housebuilder-aitch-group-a3731706.html 

ABOUT THE GUEST 

Henry Smith is the boss of property developer Aitch Group, a private house building firm founded in 1995 which has built more than 2500 homes. Being able to provide homes and employment opportunities in the area that he grew up in is a real win for him. 

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  

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Are you an entrepreneur out there who wants to know and invest in liquid assets like wine and see huge returns on your investment? In today’s episode of Mark My Words, Mark and innovative entrepreneur and investor Daniel Gurr discuss in detail the opportunities in wine investment, how to store your wine to avoid damage, the benefits of investing in wine over other investments and why now is as good a time as any to begin to invest liquid assets.

KEY TAKEAWAYS

• Financial markets and how the traditional remit of investments have changed over the past decade. That's due to financial market volatility and of course, the environments of record-low interest rates we find ourselves in, so traditional investors are starting to look outside the mainstream box and adopt strategies within alternative asset classes. Fine wine has characteristics which enable the markets to have a very low correlation to other financial markets. With, of course, the trajectory of the market over the past 10 years, we've got consistency, of course, with the market being demanded by the higher echelons, which is increasing year by year is a good time to invest into the asset class itself.
• You might come into the market and ask how is the price going to keep on going up in value? The fine wine market has two very unique characteristics.
• It has an ever-increasing demand because of course, it's a consumable asset, but it's also an asset that increases its quality over some time. So straight away what we've got here is a market that's got finite supply, ever-increasing demand because the wine is maturing, but it's also got an ever-decreasing supply.
• The best thing about fine wine is that it works off a compound interest formula. It's interest upon interest upon interest. So in your first year from that asset, you might see eight to 10% but come that second year, the circulation is decreasing.
• All of the client’s wine is stored and insured and as long as it's stored in HMRC regulated facility, the wine will stay in that bonded warehouse for remaining of its life. So, therefore, duty and capital gains tax are not applicable.
• If you had two investors that wanted to come up to you and invest into property, one was a complete novice and never invested into a property before, you're probably not going to introduce them to an HMO or commercial conversion, whereas if you've got someone that has been in property, they've got a background in property, you would introduce them to something different, and that's the same for wine. They can sort of diversify and get into the slightly riskier stuff and make higher returns once their knowledge grows.
• Red wine is at the core of investment, what about white wine investment? That is more so into a specialist market. What we advise clients is we look at the red wine because of course, with regards to that it all comes back to history and with ourselves, if we're putting our name to what we're suggesting you as you can appreciate, we have to know the full corporate background of that particular wine and it's not to say white wines don't go up in value but of course, they don't have the history and they don't have the corporate background to what red wine has.
• Where and how do you store wine? There are a few storage facilities in the UK. They’re HMRC regulated facility. They're holding it 13 degrees here, away from sunlight, away from the vibration. If you're going to store wine yourself, it has to be stored at the right temperature. As long as you keep red wine at a consistent temperature, because if you've got the uncertainty affecting that wine, that there will be an effect there.
• There are different subsidiaries, you've got Octavian, you've got LTB and you've got AHD just to name a few, but I'd be phoning them and asking them how this business is? How long have you been working with that particular company? Would you say they're credible? And get their opinion. Also ask the question, "Do you have a wine that you're trading to me? Is this currently in your account?" Or are they taking your funds and then going out to source the stock.
• Why is wine better or not better than other physical assets? The direct answer to that is fine wine has characteristics that other collectables and other alternative investments don't have and that would be fine wine matures as time goes on. So it has an ever-increasing demand, but because it's a consumable asset, there will be a time where the availability of that wine is going to run out.

BEST MOMENTS

• “Bullshit baffles brain.”
• “The quality of the wine improves over time as it gets older unlike a watch or a car.”
• “As people drink it, there is less of it, therefore; the supply side and the demand side should become more favourable over time pushing the price up.”
• “I believe fine wine is a great way to insulate your wealth when there is economic uncertainty and even more so than gold.”
• “Fine wine is inverse to cyclical trends and cyclical trends being traditional re-investments.”

VALUABLE RESOURCES

• Book called Investing Into Liquid Assets

ABOUT THE GUEST

Daniel Gurr is an entrepreneur helping people reach their financial objectives by creating innovative and exciting strategies. Daniel is one of the portfolio advisers and has been with Elite Fine Wine for 3 years after transferring from a wine merchant in Australia over to the UK. Daniel has been instrumental in the accelerated growth of Elite over the past 2 years and played a key role in the development of some of our more junior team members.

CONTACT METHOD

• LinkedIn: https://www.linkedin.com/in/daniel-gurr-665b6014a/?originalSubdomain=uk

 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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

In this joint episode of the Mark My Words Podcast with The Property Vault, learn how Mark could start and grow 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 

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 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

What’s the best car model to invest in right now? 

Having classic cars (or vintage cars) isn’t a big liability at all, as most think. If your investments are already in placed and you’re looking for a new game plan, then look into classic cars.  

In this episode of Mark My Words Podcast, Mark chats with Daniel Gannon, the Co-director of Car-Iconics Ltd. Daniel has been passionate and very knowledgeable about cars ever since. Discover everything you need to know today so you can make money and enjoy your passion about cars at the same time. 

Mark and Daniel dive deep on the technical stuff--aside from giving financial advice—from learning about what to inspect when looking for cars worth investing to learning about the car market, there’s a lot to learn on this episode. 

KEY TAKEAWAYS 

• The classic car market, since early 2000s, have slowly fell down. Cars right now have become electronic- or technology- heavy.  
• Putting it in in a bank is also a risk. So, if you’re in a good position with your investment portfolio, it’s okay to put those extra cash on a new car. At least, a classic car’s value grows through time and it’s something you can enjoy at the same time. 
• How do you make sure you’re buying a high-value car? Do visual and mechanical inspection. And, brands are all the same so it shouldn’t be your first basis. 

• According to him, the best car is a Mercedes-Benz AMG SL 65 MG V12 (R230). He bought his own of the same model with just £7,000, and it was worth it. 
• They’re looking on putting more left-handed driven cars because there is a larger demand for them. 

BEST MOMENTS   

• "Definitely, for the last 10 years, you can say that money has never been cheaper.” 
• “Look at cars that are off the radar.” 

• “You got to love what you buy.” 
• “It’s important that you buy a car that’s been restored by the right company.” 

VALUABLE RESOURCES 

• Progressive Property 
• How Many Left? - https://www.howmanyleft.co.uk  

ABOUT THE GUEST 

Daniel Gannon is the co-director of Car-Iconics Ltd. Daniel’s and his father Stephen’s passion about cars inspired them to start their own brand and in which, they’ve been sharing their knowledge and experience on driving, collecting, racing, and restoration of cars. Aside from these, their business also gives the best advice so you can choose the best car out there which you can not only enjoy driving and owning, but also enjoy its investment potential. 

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 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Mark Homer reflects on his 20-year journey to becoming a multi-million-pound property CEO. Hear how he started with naive investments abroad, learned difficult lessons, and shifted his strategy to focus on local houses with strong cashflows. Mark explains his role as a "conductor" in assembling teams for each project, shares current real estate trends, and advises aspiring investors. 

KEY TAKEAWAYS

• Focus on cash flow over capital growth for stable returns and safety during market downturns
• Assemble specialists for each project rather than maintaining large in-house teams
• Leverage permitted development rights to convert low-value buildings into prime real estate
• Retail properties are undervalued currently due to the rise of e-commerce
• Large-scale PRS apartment blocks are an emerging institutional investment class
• Keep debt below 50% of asset values over the long term for sustainable growth

BEST MOMENTS  

"So lots of investors are having to offload because of section 24."

“I watched them make loads of money in a very short space of time. At the time, I had a friend who maybe bought something like 97, and within two or three years he’d made about 60 grand’s worth of equity."

"I made a very, very poor investment. So I learned very, very quickly not to trust those who have a vested interest in selling me the property and to go out and do genuinely independent research to find out what something will actually rent for."

"When I started in this sector, I was very much focused on capital growth. Capital growth is sexier to a lot of people. That’s probably, in reality, truthfully, where you make most of your money over the long run."

"I also noticed on a much bigger scale that the wealthiest people in the country seemed to have made or had seemed to have invested their money into property. If you have a look down the rich list, the Sunday Times rich list that comes out every year, a lot of those were making their money from property."

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

If you’re planning to do a big property development in your area, then this episode of the Mark My Words Podcast is for you. Today, Mark talks to David Kemp, who has over 15 years of experience in planning. Planning is a long process but David will make sure to touch all the topics that are involved—from submitting your application to financing to talking to authorities and the neighbourhood to starting the property development.

Learn more about permitted development rights, the key risk management areas, and dealing with the objections that come from people in the area. It’s important that everyone is well-informed and no one will be so everything will go as smoothly as possible. David also shares some planning challenges he has faced and how he dealt with it so make sure to listen in.

In planning, you have to push the boundaries if you have to.

KEY TAKEAWAYS

• Permitted development rights allow you to convert buildings without a planning commission. There’s a process you have to go through first before you enjoy the automatic grant. You have to get the approval of the council after they’ve consulted your immediate neighbours. The neighbours need to be informed about the depth of your extension.
• Traditional retail is struggling lately in the country. It’s become difficult to find a space since there is a shortage or the rates are high.
• In regards to the right of light, you have to consult a property lawyer for legal advice. Make sure you’re not breaking any laws, so you don’t have to face legal ramifications.
• We don’t know what will happen with Brexit and the Bank of England is giving forecasts with what might happen to the UK economy. People now realize opportunities in property investment.
• Always think about the risk. Observe before selling. Test if you have to so you don’t lose a big amount of money. Also, note the key risk management areas. For example, in terms of traffics and parking, hire a team member who’s a good parking highway consultant and can work well with your planning consultant. Other things you should take note: flooding, trees, heritage areas, community engagement, viability and marketing.
• 5 Tips On Meeting Residents and Neighbours
• Figure out who the key influencer is in the area and win them over.
• Explain what the scheme is about. Make them understand.
• Keep your cool. Practise the art of positive communication.
• Encourage them to sign feedback forms.
• Highlight the benefits for the area.
• Speak first to your borough or district members.

BEST MOMENTS

• "It’s politically often a lot easier to change the offices at the moment than to change to residential.”
• “There’s not much free office space left. The rents are going up.”
• “Always ask questions.”
• “As developers, we’re not going for the planning process as the academic exercise.”
• “So much of the planning is a grey area, and it’s all about where we see if we can push the boundaries.”

VALUABLE RESOURCES

• Progressive Property
• Mark My Homer Podcast: Mark Interviews David Kemp Development Consultant | Omny | Apple | Stitcher 

ABOUT THE GUEST

David Kemp has over 15 years of experience as a planning consultant for both the public and private sectors. He has also worked as a chartered surveyor, Town and Country Planning consultant and as a planning and environmental lawyer. Throughout the years, his expertise has helped developers, occupiers, and local authorities on the legal and procedural aspects of planning.

David Kemp is currently the Director of DRK Planning Ltd.

• david@drkplanning.co.uk
• LinkedIn - https://uk.linkedin.com/in/dkemp

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 Method

• Email: Markhomer@progressiveproperty.co.uk
• LinkedIn: https://www.linkedin.com/in/markhomer1
• Facebook: https://www.facebook.com/markprogressive
• Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

In this episode, recorded at the Property Super Conference keynote speaker Mark Homer discusses the current picture for the economy and the possibilities for the future as we move through the economic cycle.

He provides an insight into the research and data he analyses to ensure the continuing adaptation of his business to meet the challenges of our changing economic landscape.

He discusses his current strategies and why it’s all about doing deals that work in any cycle and protecting the downside whatever the economic backdrop.

KEY TAKEAWAYS

Where we are now

• The lesson about predictions and guessing when the next recession will be and where we are in the cycle is that there are many unexpected variables in play at any point during the length of the cycle.
• It's about doing deals that work in any cycle, protecting the downside, going for a rental model, going for a long term strategy based on income.
• Based on the cycle over the last 10 years, we are on the upward trajectory - rates are low and confidence is starting to rebuild.
• Most businesses are not investing, mechanising or spending money on infrastructure because we have experienced a series of uncertainties.
• Lots of them still have the income and are making sales but because they don’t want to make long term investments they are hiring more staff.
• If there is a downturn they can make redundancies whereas it's more difficult to get back funds from long term technological investments.

The productivity puzzle

• The yield curve switched recently, often an indicator that a recession is around the corner
• The output per worker is not increasing and the cycle is changing indicating the underlying story of what will happen in the future.
• There are more investment opportunities, new housing and developments are not selling at the same rate as previously.
• My solution strategy  is to develop, keep it and rent it out
• A PRS development managed in-house provides a good yield and the capital growth comes over time.
• If you are selling, work with smaller units in areas with good rental demand and make sure yields would be good for implementation of a secondary plan – letting them out.

The next recession

• We are in the second part of the cycle, in the first half there was growth. The last cycle was 18 years long.
• Incomes have been increasing and businesses haven’t been investing resulting in money ready to be invested when Brexit is resolved and there is more certainty.
• Currently, there are opportunities and finance available, if you can adapt the ways you are investing you can move forward successfully.

BEST MOMENTS

‘The bank of England give you very specific information and households are still spending ‘

‘If you can get the site cheap enough, almost anything works, it's all dependent on what you pay and what the market is afterwards’

‘There has been a big shift which has dramatically altered the backdrop’

VALUABLE RESOURCES

Progressive Property

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 METHOD

Markhomer@progressiveproperty.co.uk

 https://www.linkedin.com/in/markhomer1

https://www.facebook.com/markprogressive

https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Mark answers questions from his mentees. Discover how you can utilise limited liability partnerships (LLPs) for your business, how you can SSAS for residential property purchases, how you can transfer properties to ltd companies, and how you can claim incorporation reliefs instead of paying capital gain. He gives detailed answers and great advice on their problems. You might have some questions about property that Mark has answered already so make sure to check out this episode.

KEY TAKEAWAYS

• Advice for company structure arising from business plan reviews. A business plan has 70% rent to SA, 20% e-commerce, 10% acquisitions.
  • Mark suggests including 1 LLP to offset against taxes. An LLP comprises two or more people (i.e. sole traders) and it limits the liability. The debts of the LLP can not be your debt personally.
• Can a single property be transferred to another company? Some put it in an LLP for 2-3 years the move it to an ltd company, but you got to pay the fees. If you’re dealing with multiple properties, you can directly transfer to an ltd company and claim incorporation relief.
• Can SSAS be used to purchase residential properties? If you want to use the money for residential purchases, it can lend the money to an ltd company as a loan but it needs to be charged over the building.
• Section 162 Incorporation relief – You can claim incorporation relief and not pay capital gain when you’ve proven that validity of your business.

BEST MOMENTS                                                                                                                                                                                

• "I think having 1 LLP in your suite of entities is definitely good idea.”
• “If you've got a lot of properties, you can go straight to an ltd company and claim incorporation relief.”

VALUABLE RESOURCES

• Progressive Property

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 Method

• Email: Markhomer@progressiveproperty.co.uk
• LinkedIn: https://www.linkedin.com/in/markhomer1
• Facebook: https://www.facebook.com/markprogressive
• Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

How to Protect Yourself When Going Into a New JV Deal

Are you looking into working with a JV partner on a deal? Have you wondered what you need to do to make sure you are doing the right due diligence to protect yourself? In this episode of Mark My Words, your host Mark Homer, brings you everything you need to know as you go into a JV deal. Whether it’s making sure you drip feed money into the deal or checking your JV partners credit history Mark lets you know each step of the process. If you are looking to loan money or make a deal with a JV partner this episode has all the information you need to get the deal that’s right for you.   

KEY TAKEAWAYS

Get your JV partner to download their credit file. Get them to provide a credit file for you to have a look at before you go into the deal. If someone has a really bad credit history then you might want to question why you are going into business with them. Just ask them to redact any personal information if they are concerned with this.   

The land registry can be useful to see who owns buildings. You can apply for a previous version of the register to see who owned the property in the past. If the building is owned by a limited company you can check on the companies house website. You can check the amount of debt or charges on a property at any given time, as well as who owns the company. Make sure to check for any liquidated companies and who is owed money. This might be a reason to ask more questions or not work with them on this deal.  

It’s important to drip feed the money into the deal not send it all at once. If you are doing a development, send the money when the works are complete. Have a look on site before you pay and transfer any money, to make sure it’s all complete to the right level. If the transfers were done personally rather than through a limited company then they won’t show on companies house so ask for the documentation separately.  

Ask for three investor details that they have done deals with before. Have a look at their last three deals and ask them if they are happy for you to contact them. Check these individuals in companies house and on the land registry. Ask them how the deals went.  

View the properties. Even if the property has been sold you can look through the windows. Start small with the person and then move onto bigger things. Some people say that they want to see as much information as they would show to a bank so in this case, they want to see some of these documents: SA302 which will show their income, a full property list of all the properties they own.   

For the highest degree of security when you’re lending money only lend on a first charge basis, and up to 70% loan to value. You must find your own solicitor, and own RIC surveyor. They must have good local knowledge of those kinds of properties. If you are going to provide a loan then you want a solicitor to create and execute this for you. Make sure you have a partnership or shareholder agreement that is written by your own solicitor.   

Do the numbers add up? Speak to a builder about the costs? Are all the costs in the development appraisal? Check with the bank so you can refinance it to the value that it says. Make sure you understand the deal behind the joint venture.   

Do a search on Amazon with regard to people delivering training? Do a search on Google and on LinkedIn? How much coverage/reach they have? Is their website information-rich? Can you contact these people? Can you find a long history of content? What do other people say about them? What support do they offer? 

Best Moments 

‘Ask them for their credit history.’ 

‘I like to see a track record.’ 

‘As the person to supply documentation.’ 

‘Ask your accountant to help with this background work.’ 

‘Control the money.’ 

‘Ask for three investors details.’ 

‘Go with your gut.’ 

‘You need father time to show what this person is like.’ 

‘Investors can misuse the information compared with a bank so be careful what you share.’ 

‘Insist on a personal guarantee.’ 

‘Ask for copies for historical planning permission.’ 

‘If you don’t feel confident just walk away.’ 

‘If you are looking at someone training then do your due diligence.’ 

‘If the same things are coming from different people it’s more likely to be true.’ 

‘Making sure you are going to get out of it what you need.’ 

‘Be clear on your objectives.’ 

‘Training is an investment.’ 

‘Only listen to people who have real experience.’ 

‘Be careful from free advice.’ 

Valuable Resources
www.creditexperts.co.uk
www.eservices.landregistry.gov.uk
www.companieshouse.gov.uk
www.mygov.scot/basic-disclosure/apply
https://www.ricsfirms.com 

ABOUT THE HOST
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 

 

 

 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

‘Property’s great because you can leverage it, borrow it, create income streams

 and it’s solid’

In this intimate open question and answer session, Mark shares his expertise and experience with a small group of property entrepreneurs. The questions are wide-ranging and the answers detailed and comprehensive. This podcast provides invaluable information and advice for anyone who is a property entrepreneur wherever they are on their journey.

KEY TAKEAWAYS

• What is your vision for property moving forward?

We are going into other countries and now looking to grow in Ireland.

If we can take what we have here and move it into other countries we will be using a tried and tested business model.

• How do you see interest rates panning out in the future economy?

The US is ahead of us in this raising cycle and Brexit is almost entirely responsible for the faster growth rate in the US. Brexit is a domestic issue, as part of the global community countries now go into recession at the same time. If we were not involved with Brexit we would be growing at the same rate as other countries.

• How should I future proof my portfolio?

The best defence against higher interest rates is to have a really good cash flowing portfolio, you can get fixed rates over a number of years, balancing the times when rates are higher.

If interest rates are higher, the outlook for inflation is higher and the economy is probably moving forward strongly this, in turn, means the capital value of your properties is likely to be rising. The best way to deal with all things is to have plenty of cash around you.

• How leveraged is your portfolio?

Currently its around 6 out of 10. My attitude is to buy it convert it develop it, refurb it and try and get back as much money as I can. I don’t go beyond my purchase and refurbishment or development costs, I aim to get my money back and then hold the investment and let the loan to value drift down over time.

• Do you have money in banks that are unrelated?

I think that’s a good idea, Keep your savings account away from the where you hold your current account and any bank you have a mortgage with. Fraud is now the biggest concern the banks are under siege and its vital to always have it at the forefront of your mind when you are contacted, who-ever you think it may be as the scams are very sophisticated.

• What are your views on modular housing?

The fact that you can control all elements, as happens in the manufacture of cars means the outcome is predictable and running a building site can be very challenging. The time on site is less and you get a much more precise predictable product so I think it will become big in the next few years.

• What is the process when you see an abandoned property that you are interested in purchasing?

You can purchase and download the title deed from the land registry this will provide the name and address for the owner or you can knock on the neighbour's door as they may know.

Every council has an ‘empty homes officer’ who has a list of all empty houses and the owners. If owners do nothing and the property falls into disrepair the council will carry out repairs and make charges to the owner. After a period of time, the council is able to put the property to auction.

• BEST MOMENTS
• ‘You are better dealing with people who live in this country, they are not going anywhere they have to live in these houses so the market is there’
• ‘As commercial is converted to residential the supply is less and therefore demand is increased’
• ‘When you’ve built them and are letting them out you have to set the rent high just to pay for everything and it doesn’t really work’

VALUABLE RESOURCES

Intelligent Investor book by Benjamin Graham

Progressive Property

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 METHOD

Markhomer@progressiveproperty.co.uk

 https://www.linkedin.com/in/markhomer1

https://www.facebook.com/markprogressive

https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

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 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

If you haven’t heard Mark talk about his favourite car, the top 3 things he’ll bring if he ever got stranded in an island, or his least favourite trait of his business partner, Rob Moore, then you’re in for a treat!

Today on the Mark My Words Podcast, Mark answers questions from his listeners and the community. It won’t just be about property or his businesses or the current political issues, he’ll be talking about his personal life also. This should be a nice peek at how Mark, a successful entrepreneur, lives and enjoys his life, so start tuning in!

KEY TAKEAWAYS

• Q: How do you manage a work-life balance?
  • It’s all about scheduling, according to Mark. When he has a meeting, he makes sure he adds 30 minutes before and after for travel time. During weekends, he’s mostly at home so there should be no work that butts in.
• Q: What’s your advice about landlords no longer being able to evict tenants on short notice without good reason and plans?
  • The abolishment of Section 21 is still under consultation. Everything still holds for now. Let’s wait for what’s going to be the decision.
• Q: How did you get your systems in place?
  • Mark started with Excel spreadsheets, tried other systems, and then had his business’ system custom-built to their needs.
• Q: Ferrari or Lamborghini?
  • It depends on what model. Mark explains more about their features in this episode.
• Q: What can I do to become your protégé?
  • Mark: “Bring me land for a great price that I can put 250 flats on… bring that deal to me, then we can do it together and learn together.
• Q: What’s your favourite cheese?
  • Halloumi, grilled on the barbecue on a Sunday afternoon.
• Q: What investments can you make outside property?
  • Tracker funds in the UK and other similar types of investments.
• Q: Would you and Progressive Property launch a software?
  • Mark says it’s not in his interest. He thinks he’ll make more money in what he knows more.
• Q: How do you go overcome procrastination and fear before a big deal?
  • It all comes with the experience since you got your first deal. Test and measure the numbers ever since the beginning so you won’t procrastinate.
• Q: If you get stuck on an island and you only get to choose 3 things to bring, what will they be?
  • A satellite telephone, knife, desalination tablets
• Q: What’s the effect of the attack on landlords by the government?
  • Mark: “I feel victimised. I feel discriminated against. I feel like a minority.”
• Q: Are you meeting with other investors to come up with a voice to challenge them?
  • Mark has a petition running on the parliamentary website to remove the 3% surcharge and remove Section 24.
• Q: What’s your most and least favourite trait of Rob?
  • Most favourite: Rob’s brilliant ability to engage with people
  • Least favourite: He’d do anything just to engage with people
• Q: What is the most important trait that a property investor should have?
  • Being tenacious, not giving up, keeping on going
• Q: If there was a movie made about you, whom actor would you choose to play you?
  • Tom Cruise

BEST MOMENTS

• "I like to focus on a few things and do them well rather than try new stuff and not do very well.”
• “Fear disappears with knowledge; risk reduces with knowledge.”
• “Rents are rising at an abnormal rate."

VALUABLE RESOURCES

• Annual Meetings | Warren Buffett and Charlie Munger
• Progressive Property
• Reintroduce full mortgage interest relief and drop the 3% stamp duty surcharge Petition

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 Method

• Email: Markhomer@progressiveproperty.co.uk
• LinkedIn: https://www.linkedin.com/in/markhomer1
• Facebook: https://www.facebook.com/markprogressive
• Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

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 Mcdonnell, the host of Progressive Property Podcast, interviews Mark Homer. Listen in as Mark talks about being one of the speakers at this year's conference, which is all but sold out. Mark also 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.

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

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 

ABOUT THE GUEST

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 

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

This episode is a must watch for anyone dealing in properties.

In today's episode of Mark My Words, Mark discusses the essential things you need to do if you want to be a success in property. Why having the right knowledge, skills and mentors around you are key components to successful property investing. If you’re looking to become a full-time property investor, this episode is for you.

KEY TAKEAWAYS

• For you to succeed in life, you always need to know the kind of people you surround yourself with. You should always surround yourself with people who have good intentions and always help you to succeed in life.
• No one can make it on his or her own. Always talk to people, they may have something that you could use and you may even succeed in life with someone’s idea. No man is an island in this world.
• Trial and error is the key to success because you do things and test them over time to see which one works well than the other and which one does not work at all. So if you find out that a thing you tried to do did not even work, that's the thing that you remove from your plan or don't do ever again. Then if you do something and you find out that that's the one that is working well over another thing, then that is the thing that you should always strive to perfect and be sure if you do this, you will become successful in life.
• Keep building the portfolio if you want to be successful in life and always try to build it in the best way possible for it to attract more customers to your business.
• Get into business, start sort of sourcing properties, create a business around it, if you can create a training business or some sort of trading business to generate an income stream, whether you sort of present, or maybe you're creating information products, or whether you're doing sort of online, whether it's training or marketing, loads of people create marketing businesses around this, and some people just go into sort of pure property, but they need a very high-income strategy, maybe be doing sort of high end HMO or service accommodation. You've got to get the income rolling. You can't be focusing on a capital strategy.
• Location is very important. In the city centre, that will be a lot, lot better. I've done stuff on the outskirts, service accommodation; it did not work so well. Smaller units, city centre. For your business to hit the roof, you need to be very keen around this point of location, where you locate your business.
• The marketing is very important how they're priced if the cleanings added on separately, all that is really, really important. If you are not good at this, you should always look for someone or hire someone in your company with marketing skills to do this business for you because marketing is very crucial.
• Always love what you do. Find something that you love doing in your life and do it with a lot of passion and you will find that you are succeeding in life because you are not doing something that you do not love, you always perfect what you love because you are not being told what to do.
• Knowledge is the other key to success. Always have the passion to learn and know more about what you are doing in life or in your business.
• Have mentors. Always have people who will advise on what you are planning to do before you go into it. This helps you from making hasty decisions on things that you want to do in life and this also protects you from huge losses.

BEST MOMENTS

• “Two hands are better than one.”
• “You should always learn from your mistakes.”
• “Education is the key to success.”
• “Old is gold.”
• “Licensing is key, have the right papers with you for you to make it.”

VALUABLE RESOURCES

• Markhomer@progressiveproperty.co.uk%C2%A0

ABOUT THE HOST

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%C2%A0
• https://www.linkedin.com/in/markhomer1%C2%A0
• https://omny.fm/shows/mark-my-words/%EF%BF%BChttps:/www.facebook.com/markprogressive%C2%A0
• https://omny.fm/shows/mark-my-words/%EF%BF%BChttps:/twitter.com/markprogressive%C2%A0

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

How do you create a successful business and solve the housing crisis at the same time? Well, Alfie Best has one of the most innovative answers out there at the minute. The owner of Wildcrest, which is the biggest Mobile Park operator in the UK, soon to be the world. In this interview, Mark asks Alfie, how he started out in the industry, what the mechanics of the industry are and why Alfie believes they are the answer to the housing crisis in affordable houses currently? Listen to one of the most successful business people in the UK and what his advice is on creating a successful business in 2019.

Key Takeaways

Why did you get into the Mobile Park Industry? I was born and bred in a caravan as a Romani. Who better to run Mobile Parks than someone who has lived and breathed this world throughout my life. It was a natural progression for us from commercial conversions. I really believe in them, and I’m passionate about my business, I don’t really see it as work. 

How does the mechanics of the business work? It’s not complicated the customer actually purchases the mobile home often for 50% of what the same property would be if it was classed as a house. They get a 1983 mobile home act document drafted from the government which is an infinite lease on the property. It has no end date. It’s a simple but powerful document. You are in effect purchasing a bungalow at residential standards which are pre-fabricated. It’s like a timbre home from the states or modular homes which you see popping in different places. They have to be built on a chassis and have wheels, but they never get moved.

How does it benefit you to have a mobile home? Once it doesn’t have wheels and a chassis it becomes a house. If we have planning permission for a mobile home park then we can’t build houses. It’s classified as a caravan but it is never towed or moved anywhere else, it’s essentially static.

We all need to find our niche. I don’t regard this as a niche, we than 13,000 residents as a country and we have 5 parks in North Carolina. We are looking to expand our business in the US. Councils are still of the opinion to say no, it's not seen as a positive to support our kind of business. Sensible government is a friend often but councillors can be really difficult to work with and can go against what the government have set down.

How do you cope with working across different continents and countries? Have you found it challenging? When you start a business anywhere in the world, you have to pay an ‘idiot’ tax which is about learning to run your business. I always say that you should start small so your ‘idiot’ tax is a much smaller cost. When we first went to America we only bought one home. A business has to be like water, it has to flow and change but be strong enough to keep going forward.

Why is it that mobile home parks are the answer to affordable housing? It’s very simple. The government are trying to build their way out through social housing. As there is no cap on it and they have to compete on the open market it’s never going to solve the problem. We don’t offer houses for key workers like ambulance staff for example. Properties should only be able to be sold to key workers in key sectors. Whereas park homes only ever stay as affordable housing, always at 50% less than a house even when the price goes up it's always comparatively cheaper. That’s because there is a stigma to it.

Most of our customers are downsizing. A lot of our customers are buying a mobile home and then buying a second home in Spain or the US. Houses don’t have to be a ball and chain around their neck, it allows people freedom in older age. We are trying to lobby the government to explain this. There are some great councils and are some terrible councils.

We are bringing people who are semi-retired or retired people to an area. So we are actually bringing other families as well. We are helping social housing as well as contributing to communities. I hate the word social housing but I think of it as affordable housing.

What have been your biggest setbacks in business? The biggest set back was not questioning myself too much when I nearly went bust. Broke means that you are in negative equity, and verging on either going bankrupt which is where I found myself. I had a house with too big a mortgage invested in it. My biggest mistake was I didn’t see the recession coming because I wasn’t experienced enough. I thought I was better than I was.

How have you changed this ready for the next recession? We have stopped looking at profit and concentrated on cash flow. My board loves talking about profit, but I focus on cash flow. The cash flow could be in the red but your profits look great. It’s a balancing act. Making sure your business is sweating, and your wastage at minimum is essential. That could be down to the water bottles in the corner of your building.

How do you innovate? What do you do to get better incrementally? We regularly buy business which has gone into administration. Firstly, we set up a rudimentary cash flow system to see where the business is, see how much in the red they are. See what there is that is needed and what is extra. You have to be harsh, and be commercially viable when turning around a business. Then as you get bigger we constantly review what we are doing.

Best Moments

• ‘I don’t see my business as work, it’s a passion.’
• ‘The 1983 mobile home document is simple but powerful.’
• 'They are referred to as park-home bungalows.’
• ‘This is the real solution to an affordable housing crisis.’
• “It’s harder to get planning to build mobile homes than building a house in the states.’
• ‘It’s always an affordable model for housing.’
• ‘I usually find I make the most money in those quirks.’
• ‘This country are selling ourselves short.’
• ‘I love to see people trying to make a success.’
• ‘It takes a special person to start a business.’
• ‘Be brave when everyone else is going away.’
• ‘Residents at mobile parks can be like winning the lottery.’
• ‘We want to invest where we are welcomed and where we are making a difference.’
• ‘The biggest set back was not questioning myself too much when I nearly went bust.’
• ‘Every pound is a prisoner.’
• ‘If a business is not commercially viable you will hurt a lot of people.'

ABOUT THE HOST

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%C2%A0
• https://www.linkedin.com/in/markhomer1%C2%A0
• https://omny.fm/shows/mark-my-words/%EF%BF%BChttps://www.facebook.com/markprogressive%C2%A0
• https://omny.fm/shows/mark-my-words/%EF%BF%BChttps://twitter.com/markprogressive%C2%A0

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

Website - http://alfiebest.co/story/

Twitter - @alfiebest33

Email - ea@wyldecrestparks.com

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Mark hosts an informal session answering attendees' questions on property investing and business. Topics covered include managing tenant arrears, using AI systems, recovering securing finance, choosing property strategies and leveraging technology to remove reliance on people. Mark provides his famous direct, no-nonsense advice, drawing on his extensive experience. The session offers valuable insights for property investors and business owners alike. 

KEY TAKEAWAYS

• Pursue former tenants with county court judgments using options like winding-up petitions to pressure payment, despite the costs involved.
• Expect Bank of England base rates to remain around 4-4.5% through 2025 before dropping, according to trading market predictions.
• Resolve cladding issues for financiers by providing EWS1 reports showing remediation works address combustible materials.
• Get multiple assessments when handling property contamination like asbestos to determine actual risks and remediation needs.
• Institute gradual rent increases for retained tenants to keep pace with market rates and offset rising mortgage costs.
• Leverage technologies like AI wherever possible to remove reliance on staff and minimise people management headaches.
• Seek out self-motivated employees requiring minimal oversight to avoid poor performance issues plaguing growth.

BEST MOMENTS  

"I issued a winding up petition on a care company...it probably cost four or five grand, but it's existential for them."

"I check our rents once a month...I look back and a block we finished two years ago...Those rents are now going up 40%."

 "When you attack landlords...then rents have to go up to a level where it works again. That's the adjustment that's taking place."

"I'm looking forward to that because apparently this can remove quite a bit of admin. I would put as much technology in as possible."

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

The 2019 10x Property Super Conference is going to be a very different Progressive event. Myself, Grant Cardone and a host of UK property investing experts will be sharing with you the new cutting edge property strategies, the quickest cashflow strategies and how to generate multiple streams of income. You will be shown strategies where you need no mortgage, no deposit and no money to be successful.

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, it's going to be bigger and better than any event that progressive or probably any other property event the country has held before.

Come and learn from the experts who are not just talking the talk but, walking the walk.

If you’re interested in securing a ticket go here: www.bit.ly/mark10x  to join the VIP Notification List. 10X Property Super Conference 7th-8th June 2019

KEY TAKEAWAYS

• Property super conference: We've got a Super Conference coming back to the United Kingdom, it’s the 10X Property Super Conference and it’s 10x bigger and 10x better, and we've got a rather special gentlemen flying over from America in his private jet, Grant Cardone.
• Grant Cardone has got nearly a billion dollars, yes a billion dollars worth of property himself, which he is sourced and analyzed to death. The guy knows rather a lot about property investment.
• At the event, you’re going to learn how to supercharge things, how to move on to the next level very, very quickly, and probably miss out stages two, three, and four.
• You’re going to learn the quickest cash flow strategy, how to buy without a mortgage and how to reduce or get rid of your deposits. The best thing is that you don't necessarily need to own property to be successful.
• You’ll discover the most creative ways to own flip, rent out and control property without spending your own cash.
• There's going to be really, really well-experienced people with a track record, who've been successfully investing for a number of years, often decades and they’ll be teaching you how to do this stuff live!. These aren't dreamy property trainers, these are people who walk the walk and talk the talk.
• Learn also how to find fund flip and fill and discover the newest ways to source deals, how to rent them out, how to leverage them, how to do the right refurbs, get the cost of the refurbs down and sell the thing quickly to create that nice sort of trading profit.
• Also learn how to build your empire, how to build the biggest portfolio through leverage and finally, how to retire after one deal.
  
  At the 10X Property Super Conference you’ll learn:
• The Quickest Cashflow Strategy: No mortgage, deposit or owning property required for £3k to £10k per month from just one deal at a time
• Low Money Down, No Money Left in & Other People’s Money: The most creative ways to own, flip, rent out and control property without spending your own cash
• Retire After One Deal: Scaling from single lets to big projects that kick out cashflow & cash lumps 10x bigger than small deals
• Finding, Funding, Flipping & Filling: The newest ways to source, rent out & leverage properties for fast & lasting cashflow, capital growth & empire building
• 'Real Deal’ Investors, Financiers & Speakers: Learn from the best, walking the walk, doing the deals & making the big money, all in one event
• 
  
  

BEST MOMENTS

• “Doing things differently doesn't mean to say it's right or wrong, it's a different approach.”
• “Always strive to get knowledge from people who walk the walk and talk the talk if you want to be the best.”

VALUABLE RESOURCES

• 10x.psc.com
• bit.ly/mark10x

ABOUT THE HOST

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%C2%A0
• https://www.linkedin.com/in/markhomer1%C2%A0
• https://omny.fm/shows/mark-my-words/%EF%BF%BChttps://www.facebook.com/markprogressive%C2%A0
• https://omny.fm/shows/mark-my-words/%EF%BF%BChttps://twitter.com/markprogressive%C2%A0

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

What drives you to keep going in property? One of the fascinating questions that serial entrepreneur, investor and philanthropist Jay Dhillon poses to Mark for The Business Mentor Podcast. They talk about Mark's childhood in Singapore, how he got into property and the rights and wrongs of politics and property in 2019. Listen here for a conversation on learning from two experts in property, and business.  

KEY TAKEAWAYS

What are you doing at the moment? I’ve got three projects on the go at the moment. Our biggest project is just under 100 flats. I’ve got another project, with a commercial tenant on the ground floor with some residencies above. I’m doing lots of different things, with various different projects. 

How was your childhood? I was born in Singapore and came back to England when I was around 12. I went to an international school in Jakarta in Indonesia. Jakarta is a crazy city, pollution, and people everywhere. I learnt the local dialect and played outside with the other kids in the area. I’ve found that to be a really useful experience in dealing with very different types of people.  

Private schools give you a bigger network and a bigger outcome. The difference between the mindset of the private school, and the local college in the area is massive. The people I met at college are all doing more vocational things like dentists, doctors, and solicitors. Whereas the private school went more into business, and are earning lots of money. There is no right and wrong, but if you have the opportunity to invest in your children you can.  

The academics are really useful. If my child wants to go to university, I’ll encourage them to but at the expense of life skills, I think that’s wrong. I think if you can have academic skills, and have business skills, rather than just what a textbook says then that’s even better.  

In 1997/98 it was like the gold rush, and the market was ripe. My father had worked across the globe and met a lot of business people. He knew that business and property was a good route to go down. My friend had made over £70,000 on property and even without planning permission added an extension. I got really into property books, videos, learning loads. I met a local letting agent who'd figured out which properties were good to buy in Peterborough, which is where I started really. 

I’d bought lots of properties abroad especially in Eastern Europe and Florida. So I thought that when they would enter into the EU there would be an increase in the middle class and the property values would go up. What I didn’t realise was that I didn’t know the local knowledge. It’s really exciting to have international property, but the yields are really low, and the maintenance will be very high. Everything that you’ve learnt in the UK is wrong abroad, and you have to learn it all again. There is lots of corruption in various different places around the world, and it’s really difficult to work out the local rules if you’re not from there. 

Treat your property as a business, so systemise it. The one guarantee in business is that it will change. If your systemising your business, doing monthly management accounts, and getting your viewings and inspections sorted then you are going to find it easier to adapt to the change. You’ll find it easier to grow your business because you are able to find out what is working and what isn’t.  

Do you think the middle class now are being hammered, so you need to grow all the time? You need to grow otherwise you are in decline. If you carry on doing what you’re doing and not grow, then you will fail. We’ve had various changes in the legislation, and it will all happen again. Make sure you get a really good accountant, who’ll be able to save loads of money for your tax bill. 

Let’s talk about Jeremy Corbyn if he did get into power what would happen? People were concerned about the Labour party before but Tony Blair turned out to be quite a light touch. He says he will introduce rent control, but hasn’t given out any specifics on that. Dependant on how that is introduced could be positive or negative. He says he is going to nationalise, water, and rail. With big companies, he says he will give 10% of the shareholders to the staff, but I don’t know how that is going to work in practice because they are so divested. I don’t think he will be a sustainable model. The debacle that is the EU is costing the country millions in decisions not taken, and uncertainty. 

Which property/business strategies will work in 2019, and why? In business and property it’s best to find what you love and what you’re good at. If you’re good at marketing then build a business that needs that skill. Build a team around you who are good at the things that you are not good at. It’s better to do what you love rather than what’s hot in the media at the minute.  

What drives you? What keeps you going? I like driving income, and rent roll, I like having a bigger and bigger wall of money to hit the back account every month. I find that very exciting, more than the value of the properties. I get a lot of pleasure in learning from others in the training business we have. We are able to have choices, travel and buy the right house that I want.  

Where would you start in property now? I would buy single lets, under £140,000, probably stuff that has been built in the 1970’s. West Midlands, and in the North are probably best rather than in the South. Cut your teeth, and make some mistakes before moving to HMO’s. You don’t have to move up, just do what you enjoy.  

What mentors have helped you? There have been loads of different people over the years. I have a lot of friendships who’ve done lots of different things, often in their 50’s and 60’s who have been there and done it all. I had more informal type mentors.  

Best Moments 

‘My background was really good for helping me deal with lots of different people.’ 

‘There were other people at boarding school whose family owned big businesses.’ 

‘Through those years I learn loads and loads about business.’ 

‘I think the network is worth everything.’ 

‘Private school kids all wanted to go into business.’ 

‘We are a reflection on what we have been taught.’ 

‘Network is your net-worth.’ 

‘You can’t learn everything in a textbook.’ 

‘Take the calculated risk.’ 

‘I got really really excited with property.’ 

‘Everything that you’ve learnt in the UK is wrong abroad, and you have to learn it all again.’ 

‘It’s really exciting to have international property, but the yields are really low, and the maintenance will be very high’ 

‘Investing in the UK works.’ 

‘You do end up making more money in markets that are more efficient.’ 

‘There is one guarantee in business is that it will change.’ 

‘Systemisation is key.’ 

‘You have to be growing otherwise your declining.’ 

‘The value of getting a good accountant is priceless.’ 

‘Accountants are not a consultant unless you pay them to.’ 

‘Do your own research, and take your questions to the accountant.’ 

‘I think Corbyn is going to go on a spending spree.’ 

‘I think it will be an unsustainable model.’ 

‘Politicians have been telling so many lies.’ 

‘Theresa May is like the school teacher keeping it all together.’ 

‘If you are making products, uncertainty on the price of your produce., is unacceptable.’ 

‘Uncertainty is affecting business everyday because of Brexit.’ 

‘I like driving income, and rent roll’ 

Valuable Resources 

E-Myth  

Life's Leverage  

ABOUT THE HOST 

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. 

Jay Dhillon 

Jay Dhillon is a serial entrepreneur, investor and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0-500 employees and three locations, racking up sales of over £30 million – all without any investment other than a small amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota and New Look, to name a few. 

Its huge success inevitably brought about outside interest and at the age 33 Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success. 

A calling to give back and help others led to Jay being chosen for the highly-coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles. 

After helping several young entrepreneurs to success as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast. 

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast. 

In the UK alone 95% of business fail within the first five years and Jay’s aim is to reduce that number. 

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show. 

CONTACT METHOD - Mark Homer 

Markhomer@progressiveproperty.co.uk 

https://www.linkedin.com/in/markhomer1 

https://www.facebook.com/markprogressive 

https://twitter.com/markprogressive 

 

Contact Method - Jay Dhillon 

Podcast: https://itunes.apple.com/us/podcast/business-mentor-podcast/id1370793386  

Website: https://www.jay-dhillon.com  

TwitteR: https://twitter.com/jaydhillonuk  

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

This is your chance to ask Mark anything, you’d like about property. Sourced from the progressive property facebook group Mark answers 24 of the most burning questions from how Brexit will affect property investors, to how to pick a good business partner and what’s his favourite doughnut. Hear the advice from one of the countries leading property analysts, on how to get your property business moving and growing.

Key Takeaways

If you were starting out in property today where would you start? I probably wouldn’t start in a much different place than I did. I would buy terrace houses, single let to get going, and then move into HMO’s and then commercial buildings after that. Finally, I would do commercial buildings which can give you better cash flow. I think there is a lot of power in not selling your property but buying and holding them because over the long-term cash-flow and yields will be greater.

What’s your prediction for interest rates over the next 2 years? I think they are going to stay relatively static. It depends on Europe, Brexit, and the US. Clearly, the world is slowing down, and the market is not going to be getting any better over the next two years. I think it’s more likely to be a slow down rather than a recession. In the UK there are lots of uncertainties and there are lots of investors who are not investing. I think the likelihood is that Brexit will be extended. We will see a wall of money going back into the system after they have been waiting for the outcome of Brexit. It’s important to focus on the things that you control rather than interest rates and GDP. There will be a lot of commercial buildings available when the downturn comes, at a cheap price.

How did you know that Rob Moore was going to be a good business partner? What makes a good business partner? I worked with Rob for six months before we went into business together. Rarely business partners work if they are friends. You should focus on adding value to each other, Rob and I were opposites. Rob is great at all the things that I’m not good at. Sales and marketing are not my bags, whereas Rob excels at those. Enter into some lose business arrangements first, and when we started our business we only put a few hundred pounds in. We got to learn what we were good at, and what we need to learn.

Would you prefer 10* BTL £2500 profit or 1 SA unit £2500 profit? I think if it was a binary choice I would go with the 10* BTL’s because if they were worth over a million in equity together. That’s something that you won’t have in the SA flat. It’s a balance, SA can be quite a defensive strategy, and you should be fine to battle recessions.

I want to learn the basics of business finance, where should I start? I’m very much for learning on the job. We run multiple streams of income training and the various books that we have at Progressive Property. I would do the first deals as soon as possible. You need to talk about a lot of banks and get a lot of mortgages. Learn from people actually doing the job, and learn on the job.

What is the best structure for a JV buy and hold? Getting to know someone over a period of time, so you get to know their circumstances. You are going to enter into a financial relationship, and you don’t want that to affect your credit rating. It’s probably better that you are not associated financially.

What is the mistake that you’ve made that’s been your most valuable lesson? I’ve made loads of mistakes. In the old days, it was buying overseas, buying things that I didn’t understand. Bringing in the right people and paying them well is really important. Over a period of time, paying for good people means you save money, and get a better job done. In the early days, I was trying to reduce costs on everything.

How would you approach trying to find an investor with the view of starting a JV? You want to be going to networking events, getting yourself out there. Doing smaller jobs with investors, and then you add value to buildings, then move onto the larger JV.

What would you expect to pay for a shareholders agreement in a JV? For my solicitor will charge around £1,500 for that. It will completely depend on the other party sending over their changes to the document in one go, so it doesn’t drag out. It’s a really good idea to use a solicitor so it’s correct and legal.

What is the best way to get the most value from a refurb whilst sticking to a budget? Get three quotations for everything, and speak to your letting agent and your builders about what needs spending money on, and what doesn’t. Be really clear about how you want things to be. I wouldn’t pay the builder up front but when it’s complete. Try and build a relationship with a builder who you can use again.

Do you ever get bored of working or fed up? Yes, I get stressed and fed up. I often just get in the hot-tub and home, and under the water so you can’t hear anything. After a good night’s sleep, I can work through my issues methodically the next day. I do sometimes think how much is enough property, and how long do we want to do this for but sometimes you can’t just stop doing it.

What was the deal that made you feel rich? I’m not sure I feel rich, and rich is a moving target. I used to think at this level I would feel rich but it’s a moving goalpost. There is always someone else who has more properties or has more income. Because it’s gradual, it’s incremental, and then you don’t notice it as much.

What's the best banking structures for separate companies? If you are doing big projects then it’s good to start companies per each project. I don’t like having loads of Limited Companies however as there is a lot of administrative burden such as accounting. My goal is to bring everything together eventually. They can, however, shield you from external factors. Every single company I have been involved in that has been dissolved has done so without any creditors, that’s really important to have that history.

What do you think of the longevity of deals sourcing/packaging as a business model? I don’t think there is a time limit on it. You need to be registered, and get experience with it. You need to get really good at it and find the best deals. I don’t do it as much anymore, because if I find a deal then I want to buy it myself, and get the income from them. It can help you grow your portfolio though, especially in the earlier days of the business.

Best Moments

‘I wouldn’t have started out in a much different place.’

‘I like to buy and then hold property.’

‘Internationally countries are trying to get interest rates up over the next few years.’

‘Keep an eye on interest rates, but it’s better to focus on the things you control.’

‘Downturns will inevitably come.’

‘I suspect we are in the second half of this cycle.’

‘Rarely do business partners work effectively if they are friends beforehand.’

‘Over time you build trust and confidence.’

‘Kissed a lot of frogs to find the right business partner?’

‘You need cash flow to look after today.’

‘Learn from people actually in the job.’

‘Learn by doing is always best.’

‘It’s probably better that you are not associated financially.’

‘I’ve made loads of mistakes.’

‘Pay the rate for good people and it will save you money.’

‘Find the right people, and pay them well.’

‘You need to network a lot to find your investors.’

‘There is a lot of value in getting a solicitor to help write your shareholder agreement?’

‘I just can’t help getting back into it, and buying property.’

‘I’m not sure I feel rich’

“I’m always driving for more.’

‘The buck always stops with you.’

‘Prepare for the worst.’

‘Lenders are more relaxed when properties in limited companies with your personal lending.’

‘The mortgages I have in limited companies don’t show up on my credit rating.’

‘The uncertainty around Brexit isn’t good for business.’

ABOUT THE HOST

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

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