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Explore every episode of the podcast The Progressive Property Podcast

Dive into the complete episode list for The Progressive Property Podcast. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.

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TitlePub. DateDuration
STANDOFF: Partners Mark Homer & Rob Moore Put The World To Rights17 Jan 201701:00:07

A special episode in which Mark Homer talks about almost everything. How to invest in different asset classes and manage your time. Having variety, versus being focused in only one thing. Testing, learning from mistakes and manage your emotions. Media, haters, feedback and how to be contrarian.

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

10 Predictions for the UK Property Market in 2017 with Progressive Co-Founders Rob Moore & Mark Homer07 Feb 201701:24:00

On this episode, Mark shares his predictions about the UK property market. He talks about the recent tax changes and how they are going to affect properties and landlords.  Property prices in London compared to prices across the country. Demand in the property market, new technology, changes in landing criteria and Brexit. He also talks about the changes in agent fees and specific sectors of property, such as serviced accomodation and commercial conversions.

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

New Host Peter Jones: How to buy properties away from your local area01 May 201700:21:29

How do you know if you need to buy away from your home and how to do it. Why it is important to understand the reason of being in property at first place, then think about the strategy that allows you to achieve your goals, identify the type of property that can help you undertake that strategy and where that type of property is located. 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Interview Chris Jones: Global Speaker, Cyber Security Expert, And Angel Investor29 Jan 201900:56:53

How do you go from being a global cybersecurity expert to running a successful property business as well being an angel investor/business mentor? Well, Chris Jones has done exactly that, in this episode, Peter interviews Chris, on his journey in business, how to make sure that you are diversifying your income streams, and what it takes to make property a business, not a hobby. In this fantastic interview, Chris talks through how he has learnt to grow a property business and how anyone can be a property investor. Learn from his experience on how to make sure you're not putting all your eggs in one basket, and diversifying your income streams.

Key Takeaways

I always wanted to be a spaceman. Having not been able to do that, I started as a 3D designer and fell into computers. I have a brain that stores useless information and 90% of computers is useless information. I have run my own Cyber Security firm for the last since 2003.

World War III is happening in cyberspace. If you are ok with computers I highly recommend getting into the cybersecurity business as their will always be work in the future. But in my business, I came to realise that I was working in the business, not on the business. I didn’t realise the mistakes I made until I went to the Multiple Streams of Income course with Progressive Property. It was successful but I was working 12 hours a day, every day a week.

2008 hit and I thought we had diversified as a business, as we had different customers but they were similar business customers in the same sector. All of a sudden they all stopped spending money, and I had to lay off half my staff. It took me a while to realise that I hadn’t diversified enough. My first foray into property then was 2013.

It was risk mitigation. In 2008 in the financial crisis, I realised that we had put all the eggs in one basket in the shape of my business so I set about learning all I could about property from the best. I realised that I needed to buy an asset. I always wanted to build a new business out of property.

What are the differences between the people that treat property as a hobby or as a business? Two things, systems and teams. When it’s a hobby you don’t need systems. You can be lucky and be successful without systems but I focus on business ability, not on luck. You need systems. Then the second is the team, if you get a team then you can spread the load, one brain is good two brains is better. People think you should train to be better at the things that you at bad at. Whereas you should focus on the things that you are good at and then employ people who are better at you to do that job.

I’ve always been bloody-minded. I don’t allow things to be a problem, they are either a whip to charge me forwards or an opportunity to develop a sense of self-reliance. Persistence is something that is both learned and born with behaviour. Those people who are persistently persistent are people who have worked through adversity.

What happened next when you completed the course? I completed the course in November and then bought a property in January. We were working with a homeless charity to help young men get a house. We started with my wife and two very good friends. We gutted the house and made it a really nice house. This was meant to not have loads of profit, but be a long term asset. We were going to buy a big Victorian house, but one of my friends pulled money from the property and the deal fell through. That set us back at least a year in our growth.  

I completed VIP and it was the best decision I made. Within the IT world, I am very good at what I do, and I wanted to be very good at property. The best way is to learn from the best. VIP is one of those things where the more you put in the more you get out. I turned up every month, completed all my mentor's actions and networked the hell out of the room. This kickstarted my passion for angel investing, which means that I am a professional business mentor, and angel investor now. I’m a qualified business mentor through the Institute of entrepreneurs. I would do that from 5.30am until 7.30 in the morning. Mentoring and investing are both things that have come from progressive VIP courses.

How did Hive start? Like bees, we wanted to have a Hive like mind, where we all working together for the common good. It started as a club with people for mutual support where we would work on our own things but support each other. Made sure we did the planning. The banks would not give us a bank account, and we formed a limited company to buy property, do bigger possibilities. We did ok, and with any venture, we had to change the way we did things so we were all aligned.  Over the two years we have pared down, and we are left with a core group.

What is your vision for the property business? We are continuing to do buy-to-let as it’s a really good money earner, which I hadn’t realised they are so profitable before getting into property. We are doing some HMO’s, and looking at some commercial property as well.

I’m always looking for investors. If we are talking about property investing, then we are looking at 70,000 onwards, either as a loan or a joint venture. The wider angel investing, I’m working with a wide range of business, from media to print. We are looking from £250,000, up to £2.5 million, in different ways. They either need to be sophisticated investors or individuals high net worth.

Why start a property business in Hartlepool, and Middlesbrough? The attraction is the low cost of access, and the rental we get is very good. The property which would cost us £60,000 we are able to rent out for £500 a month. There can be little property growth, however. Part of the Tees Valley has had a lot of investment recently which has seen higher property prices. There is a lot of things happening in the northern parts of the country which can sometimes be ignored if you only look t the media.

Where are you going to be in five years? The intention is to leave a legacy of properties that we own and manage. I find it difficult to find a vision in five months, I work in dynamic markets so I focus on 6-12 months. But the long term vision is to have a substantial property portfolio and to have each sector of the property portfolio which allows me to do things better.

Best Moments

‘It took me a while to realise that I hadn’t diversified enough.’

‘Reality is never the same as your perception.’

‘We can all see the same thing and see very different things.’

‘You have to treat property as a business.’

‘You need systems, to make a business of property.’

‘Getting the systems, and the team in means it’s not a hobby or a business.’

‘Mind-set is really important.’

‘People who have been through adversity either collapse or rile against it.’

‘The more you are determined to carry on the more you will carry on.’

‘If you carry on doing the right things, then you will be successful.’

‘Having to restart after a deal fell through taught me a lot.’

‘I turned up every month, completed all my mentor's actions and networked the hell out of the room.’

‘What I have to offer is how business work and globally, and my wide networks.’

‘Part of the difficulty is being focused.’

‘It took me a long time to learn to say no.’

‘You can’t help poor  if you are poor yourself.’

ABOUT THE GUEST
Chris Jones is a successful Company Director, Serial entrepreneur, Angel Investor and Board level advisor for many startup companies. Co-author of the latest International standard for Business resiliency and disaster recovery.

 

CONTACT METHOD

Email: Chris.jones@nbv-ltd.co.uk

Facebook: https://www.facebook.com/christopher.jones.7549185

Linkedin: https://www.linkedin.com/in/christopher-jones-b01442/

 

ABOUT THE HOST
Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator's Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.

CONTACT METHOD - Peter Jones
http://www.thepropertyteacher.co.uk/

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Even More Fantastic Community Questions05 Feb 201900:27:26

The progressive community is a vibrant and dynamic one so listeners are always sending in some great questions. In this episode, Peter answers some of your burning questions about property. Should I Buy Property Abroad? Do property investors specialise in one type of property? or How quickly can I buy a house or apartment? All important questions for anyone looking to develop, start or grow their property business.

Key Takeaways

Should I buy property abroad? If you are familiar with progressive you’ll know the answer to that. We have our REASON model, these are the things that we shouldn’t be buying. The A in REASON stands for abroad. In the past, I put down some hefty deposits in Romania and I didn’t do my due diligence. The rent had to be closer to double the average rent in Romania to make any money. The difficulties abroad are that there are local rules which you won’t know, as well as the currency exchange rates which are constantly fluctuating. There is one exception to this rule, however, where you buy a property abroad as a lifestyle choice.

Do property investors specialise in one type of property? There are different views on this. The difficulty in specialising in one thing is it’s a bit like putting all your eggs in one basket. Mainly specialising in one thing however means that you are going to get better at that one thing. I became really specialised in buy-to-let for instance. That was great until the credit crash. I knew that my one strategy of buy-to-let wasn't going to work anymore and I needed a new one. There is the 70/20/10 model, where you have three strategies and you divide your time/resources up into three things.

Do property investors sell directly or use agents? Both, some sell directly, to other property investors. The answer it depends on your strategy and what you are trying to achieve. You need to do the best for you. There is scope to do all sorts of stuff. There are lots of creative ways to sell through agents, or directly. With deal packaging, you’ll be the agent, and not use an agent. Selling buy-to-lets I’d consider selling to an owner-occupier, or to another investor, or even sell the limited company to another business.

How quickly can I buy a house, apartment or a dwelling? It’s probably going to take longer than you think. I’ve bought properties where I’m buying with cash and I don’t need searches but even then it can take as long as having the searches. It is quite hard to make a solicitor move faster than they want to go. It’s going to be rare to get a buy-to-let done in under 3 months. These things take time.

Should I buy-to-let or should I sell? I would consider doing both. The great thing about buy-to-let is they will give you cashflow. The reality is that property prices are increasing in the North rather than the South. Maybe have a strategy where you get chunky cash coming in, like commercial conversions, or something like flips. It could be HMOs or serviced accommodation. Any business depends on cash-flow for it to succeed. Lumps of cash like that make you look more lendable by the banks.

Best Moments

‘Never invest in property abroad.’

‘Only buy a property abroad if it’s a lifestyle choice.’

‘Specialising in one thing it’s a bit like putting all your eggs in one basket.’

‘Having more than one strategy means you have a buffer.’

‘Specialise in a number of areas.’

‘It is quite hard to make a solicitor move faster than they want to go.’

‘In property, its a case of get rich quickly slowly.

‘Buying a property is probably going to take you longer.’

‘Any business depends on cash-flow for it to succeed.’

ABOUT THE HOST

Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator's Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.

CONTACT METHOD - Peter Jones

http://www.thepropertyteacher.co.uk/

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Interview With Property Investor, Public Speaker& J.V. Specialist; Emerald Fisk!12 Feb 201900:36:18

“If you want something, you can make it happen.”

This is what our guest, Emerald Fisk, is going to prove today in this episode of the Progressive Property Podcast. Peter chats with Emerald about her journey in building her portfolio and achieving success while helping other people. Emerald started from absolutely nothing – no knowledge about properties and no connections with investors. But, what she has is determination and a goal – an outstanding capital for starters in property investing. Of course, she faced challenges and some struggles, but she didn’t let them get in the way.

So, if you are just starting in exploring property investing, then make sure to tune in. A lot of your worries and doubts will be all gone as Emerald also answers some questions like: Should you go for the properties and finances first? Where do you find your goldmine area? Does it matter that you got zero knowledge about properties?

KEY TAKEAWAYS

  • Emerald was a Deputy Manager for a car agency before she decided she wants to work for herself alone and start exploring property investments despite not knowing even a tidbit about properties. She also became a personal trainer because she was drawn to one of her passions, her sport, rugby.
  • Since Emerald bought her first property at 21, she set her eyes on properties that could be remortgaged, be rented out, or be invested on. So, she started looking for ways on how to learn the ins and outs. This was when she stumbled on Toni Gargan, a property investor and a trainer in Progressive Property, whom she’ll learn a lot and owes a lot of her success to.
  • A goldmine area is an investment area where you buy our investment properties. It might be difficult to find the area that works for you, just like what happened to Emerald at the start. It became overwhelming when you make the decision since there are a lot of factors to consider. It took Emerald 6 months to decide on her goldmine area finally.
  • She raised £400,000 while she was with Progressive speaking with various investors. She never needed to get from her own pocket for finances.
  • Which should you be locking in first? Finances or Properties?
    • For Emerald, its securing funds while eyeing on properties at the same time. There should be an investor right around the corner who’s ready to do a deal with you while you’re looking for properties.
    • Peter says there is no wrong and right answer to this question. Do what works for you.
  • From Gloucestershire to Liverpool: Did Emerald’s choice worth it for property investing? She says it was more helpful in building her property portfolio, finding more deals, and networking with people who could help her in her career.
  • Where does Emerald see herself in 5 years? Emerald wants to build her portfolio full of properties in her hometown, Gloucestershire. She’ll be sticking to single lots and do away from HMOs and huge commercial conversions. Above all, she wants to be an international speaker to inspire people.
  • Emerald’s Top Tips For Beginners:
    • Know that you need to learn along the way.
    • Everyone has to go out and have it a go.
    • Find your investor. Even just one would do to get a deal.
    • To raise finance, you just have to be with you and believe you can do it.
    • Proactively meet people.

BEST MOMENTS

  • “What do the richest people seem to have? They all seem to have property.”
  • “I think my mind was absolutely blown and I was incredibly overwhelmed. I had no idea how I was going to do it, but all I could say to myself was, other people have done it so it can be done and so I can do it.”
  • “Buying at an auction is a sophisticated strategy particularly for beginners.”
  • “You just need time to do houses and stand houses and speak to investors. And, you don’t build relationships overnight.”
  • “I think I’m finding good people that know more than me. So, it’s not like I go into things blind. I just find people that can. If I got a deal, I just find someone who knows how to do the deal. I’d rather have the piece of the pie, rather than trying to keep it all to myself and do it wrong.”

VALUABLE RESOURCES

ABOUT THE GUEST

Emerald Fisk is a property investor, a public speaker, and a serviced accommodation provider. She loves buying and refurbishing single let properties. She also specialises in Joint Ventures. In 2018, she was awarded the Community JV of the Year from Progressive Property Ltd.

ABOUT THE HOST
Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.

On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.

CONTACT METHOD

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Questions on BRR, Limited Companies& How to Influence a Valuer19 Feb 201900:29:50

In this episode, Peter discusses his answers to James questions from his experience in property. He also shares some knowledge on how to deal with JV partners, the things that you need to remember when dealing with joint-ventures and drawing up contracts and much more.

James' Question

Wonder if you can help in raising finances, do you know of any solicitors who can arrange a contract to give the lender of the finance some security and confidence that I’m not going to or legally can’t take all of their money and run away with it? Do they have a floating charge on the property? Would you have a sample agreement you can forward to myself?

KEY TAKEAWAYS 

  • Security to a Lender. James is wondering how to give the lender security and how to make the lender feel comfortable with lending the money. One of the key things you must do when you’re thinking about doing a JV and when you are thinking about raising your finance is to take the time to get to know the lender so that you can understand exactly what it is that the lender wants from you. 
  • Different Personality Types. You can talk about any aspect of the property and it doesn’t matter what it is but we tend to think that whatever we think or whatever we feel is what everybody else is going to think or feel but it isn’t just the case. There are multiple personality types. Study the different personality types so that you will know how to approach a JV partner and how to get the best deal with them. You need to sit down with your JV partner and you need to understand what is important to them in a JV.  
  • Make things less complicated. Ask your JV lender, what rate of interest would you like? What rate of interest would make this JV work for you? Asking these questions to your JV partner would most likely save you a lot of money and it will make your deal with them a little less complicated. 
  • Do you need a solicitor to draw up a contract? It is important to have something in writing. But do you always need a solicitor to draw up the contract? When you become experienced, if it is a small simple deal, maybe you don’t. It is about scale and degree. 
  • What sort of solicitor do we need to go to? We suggest that you go on to Progressive Facebook group and ask who people are using. 
  • Sample agreement? Peter would not do that for the reason that every JV is going to be different. It is much better to start with a blank piece of paper, talk to your JV partner, make bullet points, heads of terms, and discuss between your JV partner/s exactly what you want and what you want to get out of the JV and what the JV looks like to you and which bits are important to you.  
  • Main Terms.  Who are the parties? Who is borrower? Who is the lender? What’s the address of the property? Is the property gonna be provided as security? Is any other security going to be provided? What are the terms of the deal? Is it a profit share? Or are you going to be paying somebody interest? How much is the profit going to be? What is the interest going to be? What is the length of the term? These are the main things which we need to have down and to be understood. 
  • What could potentially go wrong in a JV? We are not hoping that something will go wrong, but we should think about this. Think about the what could go wrong, make sure that they are in your head of terms, and make sure that the solicitor actually incorporates those into the JV agreement. 
  • JV. Jv is a fantastic way of financing your deals and making sure that you can do more than one deal. 
  • JV with older people. A JV with younger people and older people works really well. Most of the time, older people have assets. They have the capital but they don’t have the income. You as the younger generation might want to give them that income. It is a good collaboration. 
  • Why would someone want to JV with me? When you have done 4 days with us on a masterclass, you will be able to look somebody in the eye and say, “I know about property investing.” 
  • Do they have a charge on the property? It really depends on the lender. What do they want? Ask them what they want. Don’t assume that you are always gonna give somebody a charge. You can also give them a restriction. A charge will allow you to repossess a property whereas a restriction doesn’t. 

 

BEST MOMENTS 

  • You need to be very very careful about assuming that you know what they (JV partner) need and want. Ask them what they need and want and then structure the deal accordingly.” 
  • “At the end of the day, what’s important is getting down the main terms.” 
  • “When you are thinking about your JV agreement think about all of the what ifs… think about the things that could potentially go wrong.” 
  • “If there isn’t a basic level of trust then I’m not sure I’m going to do a JV with somebody anyway.” 
  • “I don't know everything and I might make a mistake. And if I make a mistake, I might lose the money. Hopefully not. But I am never gonna run away with your money because that's not who I am. And if you think I'm the sort of person who could run away with your money, then I don't really wanna do business with you. And so I said, 'That's fine. Don't worry about it. I will find somebody else.' And I think they are taken aback by that but it had to be said and it had to be done.” 
  • “Older people are good JV partners because older people stereotypically, I know it doesn't apply to everybody, but stereotypically older people are much more likely asset rich and cash poor, which mean that they've got collateral. They've got a property which you can borrow against if they're prepared to put them up as a security, and that's all well and good. And you can then give them a return. Lots of older people, they may have the capital but they don't have the income. So you can provide them with the income.” 
  • “One of the things that you must bear in mind is that if at some point you’re gonna top up the JV funds with bank lending, for example, and if you think well can you actually do that? Well, yeah with the commercial conversions, something like that, you can do that. You need to make sure that there is no first charge on the property because the bank is gonna want the first charge.” 

VALUABLE RESOURCES 

  • Progressive Property 
  • Progressive Property Masterclass 
  • Tony Robbins 
  • Rob Moore 

ABOUT THE HOST[Text Wrapping Break]Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.

On the back of its success, he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.

CONTACT METHOD

The Property Teacher

Progressive Property 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Commercial Conversions With David Kemp; Chartered Surveyor & Experienced Solicitor!26 Feb 201900:59:37

For anyone who wants to know more about commercial conversion, what is prior approval, the advantages of prior approval and risks you should avoid this episode is for you. Listen to Peter Jones as he interviews experienced solicitor and chartered surveyor, David Kemp.

KEY TAKEAWAYS 

  • Commercial Conversions: This is the ultimate course on converting the commercial property to residential. 
  • What is prior approval? Prior approval is a bit of a fast track process, so instead of having to go through the very long elongated process of planning permission, it's a bit of a fast track. So it removes a lot of the obstacles to it and it's sort of a legal lead process with a bit of planning policy in between and because it's a bit like permitted development. 
  • What are the advantages of prior approval? It takes most of the politics out of the process. So what you'll find is a lot of counsellors that can’t call in these applications because under the internal rules of every local council, they have what's called a scheme of delegation and sometimes if it's politically controversial, they don't like losing offices for instance, then counsellors try to call these things and they can't do that with prior approval. Prior approval is a much more straightforward route, it's a bit more technical and also it has a set period to be decided, in that applications have to be determined within 56 days or eight weeks and if they're not, then in pretty much all cases, if not most cases of what's called prior approval in the law, you get planning permission straightaway for the change of usage.  
  • It's only for a change of use. There are a few exceptions around the law where you can have external alterations included, and you get that with agricultural prior approval from an agricultural building to residential, but most of it is to do with a change of use. So if you need to make external alterations to a buildings windows, doors, roof slope etc that sort of thing, then you have to apply for the Planning Commission separately for that. 
  • Risks leading to you not getting prior approval. There are different prior approval, so there are offices to residential, there's agricultural to residential and so on so forth. You've got four risks under office to residential.   
  • You've got noise. The premise that is to be converted from offices to residential must be in a location free of noise for you to get that approval. 
  • You’ve got ground contamination. Some offices, particularly in rural areas, are built on former agricultural land so there may be pesticides and so the offices must be in a location which is not contaminated. 
  • Traffic and parking. There should be ample parking lots for the total units in the premise. Sometimes before you're going to acquire a site, it's worth having a parking consultant as part of your power team. 
  • Flood risk. There are two types of flooding that we tend to look at and that surface water flooding and also flooding from rivers and seas. The offices must be in a location that does not flood for you to get that approval from the council. 
  • Instead of prior approval, when would you use planning? You need planning permission when you are erecting a new building or you're changing use. So whenever you fall into those two categories, you're going to need planning permission. 

BEST MOMENTS 

  • “So if you need to make external alterations to building it will have to like Windows, doors, change the roof slope, that sort of thing, then you have to apply the Planning Commission separately for that.” 
  • “If there's something like an office building and you want to turn it to residential, basically the local authority can't stop you.” 
  • “Wherever the air is more rarefied, there is an obvious opportunity there to steal a match on your competitors and pick up a site for pretty good value and to be able to do something with it.” 
  • “Just use what's there, don't get clever.” 
  • “The bigger the development, the bigger the mistake.” 
  • “Choose one thing, get good at it, try and systemize it and control your time on it.” 

VALUABLE RESOURCES 

ABOUT THE GUEST 

David Kemp is a barrister, he is also a solicitor and he is also a chartered surveyor. He's got a lot of experience in planning and has done a lot with local authorities. He was a senior or principal planning lawyer for about 10 different councils. David has also done property education. He has worked with a lot of people in commercial conversion. 

CONTACT METHOD 

ABOUT THE HOST 

Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors. 

On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. 

CONTACT METHOD 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Interview With Property Investor, VIP Mentor & Lettings Agency Owner; Derek Pape05 Mar 201900:55:17

Tune in to today’s episode of the Progressive Property Podcast to hear you host, Peter Jones interview prestigious property investor, VIP mentor and letting agency owner, Derek Pape. Derek and Peter discuss all things property from creative investment strategies to advertising your property business, why mentors matter and how to be successful in property. 

KEY TAKEAWAYS 

  • Education and knowledge. If you ever want to succeed in anything you do in your personal life or even your business life, you should always try to learn about that thing you want to do, get the knowledge that surrounds that thing that you want to do. 
  • Creativity. You must always have a creative mind if you ever want to survive in this world and be successful. This always comes in handy when you come across very difficult situations like being fired by your boss, losing your company etc. 
  • Avoid panicking. Being strong and not always panicking when you are faced by challenges helps a lot because you even come up with a solution very fast and you get to solve the problem before it gets worse. 
  • Advertisements. When you start your business, always try and spread the word about it to the people by advertising it so that people can have the information about it so that when they may need your services or their friends need your services, they may refer them to you or contact you on their behalf. With this, be sure that your business will grow very fast. 
  • Having a mentor. This is a very good thing to do if you ever want to achieve success in your life because mentors help you to make a very wise decision on the things you want to ever do in your life. 
  • Teamwork or partnership. If you want to achieve success in your life, you should always find someone who you can work with and achieve your goals.  

BEST MOMENTS 

  • “You don't know what you don't know.” 
  • “If we knew then what we know now we would run the business totally differently.” 
  • “You don't need money to invest in property because you can do options and you can do delayed completions.” 
  • “We’re not all good at everything, but we are all good at some things.” 

VALUABLE RESOURCES 

ABOUT THE GUEST 

Derek Pape is a VIP mentor and also has a Letting agency. Derek is kindred spirited minded. Before Derek joined to do properties, he was an electrician. He is from Hartlepool up in the northeast. Derek sauces and packages deals and properties in his hometown. 

CONTACTS 

ABOUT THE HOST 

Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.  

On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.  

Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.  

On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.  

CONTACT METHOD 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Mentors Matter; Tips to Investing in Property Properly With David Rumford!12 Mar 201900:41:42

In today’s episode, Peter discusses the value of mentors, the need for property education and why succeeding in property is simple when you surround yourself with the right people with the right knowledge. Join Peter and David as they bring you vital tips to growing your property portfolio and how you too, can become a Progressive Property Investor.  

KEY TAKEAWAYS 

  • Partnership and teamwork. As a starter in the progressive property, you should always look for a person who you can work with side by side and who you can invest with. This helps a lot because you end up making a well-informed decision because you discuss with your partner before making the decision. 
  • Mentorship. For you to succeed in dealing with properties, you should always have a mentor by your side so that he or she can advise you on things that you are doing in the property investment. Have a mentor who has good information or background or is dealing with properties.  
  • In properties, you can also do commercial conversions. You can convert a commercial premise and turn it to a resident and start dealing in properties now.  
  • Confidence. These require someone with the confidence to even go ahead quitting the job in order to join the property community and start dealing with properties. This is a trait to achieve success in dealing with properties.  
  • Education and knowledge. The background of success in properties is getting the right education and using it in the right way. Always have the knowledge behind everything that you want to do.  
  • Advertisement. This is the process of providing information to the community so that they can be your customers.  
  • Joint venture. For you to have success in your property deals, you should always look for a joint venture because you share the funding and when the business doesn’t succeed, you also share the losses together. 
  • You should not have a ceiling to what you want to achieve. If you want to do commercial conversions, it's really great to have an initial base in property, try and do something first. 

BEST MOMENTS 

  • “You have to find out what you enjoy doing.” 
  • “Having partners in your business always keeps you on your toes.” 
  • "The road is not always easy, you should expect ups and downs in your business life," 
  • “In these uncertain times, it's good to have a mix of different finance models.” 
  • “If you have a certain amount to go into a project don't go and think of putting this into the project, think of holding that back because you'd be surprised how many different things could go wrong in a project.” 
  • “If your heart's not in it, don't do it because it will always come crashing down. Do something that you believe you in and you really enjoy.” 

VALUABLE RESOURCES 

ABOUT THE GUEST 

David Rumford is in progressive property community. He started dealing in properties in 2010. He now relocated to Peterborough to invest and be closer to Progressive’s training. He has spent about 15 years in the corporate world before joining the property community working in logistics. 

 

CONTACTS 

 

ABOUT THE HOST 

Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.  

On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.  

CONTACT METHOD 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Dan Hulbert: Interview with property Coach, Consultant and Investor19 Mar 201900:57:00

Fifteen years of practitioner experience in the building trade gives you an insight that many people would pay a lot of money for. Dan Hulbert has moved from working ‘On Tools’ to being a property investor and now property training all over the country specializing in refurbishments. Peter interviews him in this latest episode where their conversation goes from how Dan sources properties, what’s the best way to do a refurb, and he goes through his EMPTY model for getting into property. If you looking to do a refurb at any point in your properties this is the podcast for you.  

 

Key Takeaways 

Two or three years into the business of working ‘On Tools’ in carpentry, I realised there is more to life than being on tools and that there was a different way of doing this. Education was the key. I am interested in property, and business and started doing some coaching, and training courses in property. I wanted to be my own client. I’ve always wanted to teach others. 

 

What strategy did you pursue? I teach the EMPTY model at the moment which is my own model for how to get into property. I was fascinated to find some people were doing it without any of their own money. I do a lot of business networking and I just talked to a lot of people about finance. I started by doing flips. I wanted to do things that got the money in straight away.  

 

Networking Is Key. Show up to the event, always show up. Then be present and ask a lot of questions of other people rather than talking about yourself all the time. Finally, follow up over a call after the meeting. Then meet up over coffee later for a more in-depth chat. 

 

What sort of properties are you refurbing? We are doing a lot of HMOs and we are looking at some flats next which we haven’t completely sorted yet. We do them to a very high standard. I have an advantage because I know the costings, and I can manipulate the costs lower. My EMPTY model is a good way of getting started with property: 

 

EMPTY MODEL 

E - Experience/Education - Leverage a team member, a partner. It could be education 

M - Money - You don’t need your own money, but you need some money from somewhere.  

P - Property - You need a property to be in property 

T - Time - Time to put into the business, meet lots of people, and put things together. 

Y - You - You're the driver. You are the most important part of the deal. 

 

It’s important to focus on actual challenges like the below three ‘M’s rather than perceived challenges which often come from a wrong mindset. 

M - Mindset 

M - Motivation 

M - Momentum  

 

How do you find your properties? I’ve found properties in very different ways. I have really good relationships with the local estate agents. I don’t do a lot of leafleting but I write a handwritten note through the door to inquire about a property. There are specific agents that I wouldn’t work with, I wouldn’t get a deal from them. All the deals I’ve got are from smaller independent estate agents. Why not go and ask the estate agents if they have any properties? 

 

I lost a lot of money in the building industry a few years back. That has made me put a lot of best practice in my business, a lot of systems and structures. I’m always striving to be the best. I’ve put in the right processes and strategies to ensure it works. I keep ensuring that things get tweaked to ensure that they are continuously improving.  

 

How do you get to learn about costings? It’s like building muscle, you need to keep practising. There are systems that you can put in place when you get into a new area to learn about that area. You have to ask a lot of questions. Don’t be lazy: go and learn this stuff. Like anything, you need to do research.  

 

There are three types of roles for property investors. You can be the manager where you subcontract to everyone, and you’re the project manager. If you’re new to property then this would be a tough job. Secondly, you can manage the manager where it might be more expensive but there are ways of bringing down costs. The third role is to employ a project manager, which can work on larger properties, but not so much on small. This way you leverage your time and bring in the relevant expertise. 

 

Always make sure you have the right insurance in place. Public and Employer liability insurance is a must for your main contractor. Make sure you ask for a copy of their policy in full. You need an all-risk policy especially if you are removing the roof, as a normal policy won’t cover it as it’s exposed to the elements. If you are a limited company then you need Directors insurance, because of health and safety liability.  

 

Important Steps to Refurbs. This is after your 80% preparation.  

  • Strip out demos. Make the property a blank canvas. 
  • First Fix - This is the most important part. It’s important to be on site. Things can be more expensive if you don’t fix them at this stage. 
  • Second Fix - Decorating, hanging doors - Getting it to a finished stage. 
  • Snagging - Silicon missing, screw missing - do the whole list and give the builder a week to complete these. 
  • Final sign off - everything is complete, instructions for the oven etc are in the property.  
  • Dress to Impress - Get a furnisher in. Get professional photos, and videography was done. These are all part of the extra investment.  

 

Property Vault. The idea came in 2013 but didn’t really materialise until 2016. We do one event now, and we have a co-host/business partner. Because of this, I’m now being mentored by Rob Moore. We are aiming the event at people who are already in the game rather than complete newbies.  

 

Best Moments 

‘The transition was working with a coach to figure where I wanted to be.’ 

‘I wanted to be my own client.’ 

‘I initially wasn’t interested in being a landlord.’ 

‘I love joint ventures.’ 

‘Networking was key.’ 

‘If people say networking is not good, then they aren’t doing it right.’ 

‘We broke a lot of rental barriers.’

‘Property for me is very simple but its not always simple.’

‘It all starts and ends with you.’

‘The best property deals come straight to you.’

‘I write a handwritten note through the door to enquire.’

‘Everywhere has a strategy can work.’

‘Make sure you get back to people on things.’

‘Try and cookie cutter everything in a business.’

‘Estate agents want this to be easy as well.’

‘80% is in the prep when it comes to refurb.’

‘Budgeting is the most vital thing to get right.’

‘It’s all about building relationships with people.’

‘People only know what they know.’

‘Insurance is easy to sort out but it’s essential to get in place.’

'I’ve got 15 years of systems because I’ve made so many mistakes in the past.’

Valuable Resources

https://www.thepropertyvaultuk.com  

 

ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating the property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, the book of its kind which was written for what we'd now call buy-to-let investors.   

On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.   

 

CONTACT METHOD  

 

ABOUT THE GUEST 

Dan Hulbert is a property Coach, Consultant and Investor, he works with people seeking professional advice and guidance within property investments. With 15 years' practitioner experience under his belt which started 'ON THE TOOLS' to now being his own client, working on his own projects. Dan's journey has led him to dedicate his life to teaching others by sharing his applied knowledge allowing them to grow through his lessons.

Dan works on three elements

​MINDSET | MOTIVATION | MOMENTUM 

​All three must work together to achieve success.

'In property, the process is where you make your profit"

CONTACT METHOD 

Website: https://www.danhulbert.com/about  

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

 

 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Peter's Fairwell, Introducing Your New Host! Kevin McDonnell (Feat. Rob Moore)20 Mar 201900:11:00

Peter’s Farewell and His Ultimate Advice for Property Investors

If there’s one thing that our host Peter Jones learned while he was producing content for all of you, it was the importance of freedom. He’s joined today by Rob Moore and Kevin McDonnell. Peter says his farewell and shares his experience while he was podcasting. He also gives his ultimate advice to property investors out there; it’s important to do networking, so you see more significant results.

Today, we also welcome the new host of the Progressive Property Podcast for the upcoming episodes, Kevin McDonnell! He’s excited to share new stuff with you and are open to suggestions so make sure to let us know what you want to hear in the future episodes.

KEY TAKEAWAYS

  • Peter has been podcasting for over two years. He has produced more than 100 episodes with great and entertaining content about property and business.
  • One of the things that he emphasizes a lot when creating a business is the importance of financial freedom and passive income. Freedom, above all, is what Peter values, and this is what he wants to explore when he gives up podcasting.
  • Peter has excellent reviews from people over time because of his expertise in property, his flow, and his storytelling voice.
  • Progressive Property Podcast episodes won’t be taken down and will be available anytime and anywhere for free for those who need of resources about property and everything else.
  • Kevin McDonnell is excited to be the new host of the Progressive Property Podcast for the upcoming episodes.
  • Peter’s ultimate advice: Network. Think about who you network and who you deal with. It makes the biggest difference in your property journey.

BEST MOMENTS

 

  • “One of the things which I realised when I came to Progressive is that my highest value is freedom.”
  • “The one thing that makes a big difference in their property journey is networking.”
  • “If you’re just new to property, if you’re just new to Progressive, you probably don’t understand yet the power of being in a network, and the difference that can make in your financial life is absolutely key and crucial.”

 

VALUABLE RESOURCES

ABOUT THE GUESTS

Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.

“If you don't risk anything, you risk everything.”

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

ABOUT THE HOST
Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.

On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.

CONTACT METHOD

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Get Educated! Or Pay For it!26 Mar 201900:19:00

The Progressive Property Podcast has changed hosts. While Peter is spending more time in his Portugal villa Kevin McDonell is taking on the mantle as your host, and he has some great ideas on how to take this podcast to the next level. In his first solo podcast, Kevin talks through his property journey. Kevin explains how he has learnt from his mistakes in investing in property abroad and through education and meeting the right people he’s been able to build a multi-million-pound property business. Learn from the expert of No Money Down deals, and join this new chapter of the Progressive Property Podcast.

 

Key Takeaways

How did I get here? I’ve been involved in property for a number of years, I attended some property training back in 2003. I became really excited about property and what it could do for me. I’d seen how successful other people had become from property. The Celtic boom in Ireland was all based around property, and I didn’t think I needed any training.

 

I initially invested in Turkey. That property got built, but while it was being built I decided to look at more. I took a flight out to Estonia to build a two-bed apartment over a lake. I bought that for just over €36,000. Everything was going great, and I thought I was a professional property investor. I went and did this all again in a Bulgarian ski resort.

 

But then I had no contact from Estonia. It went dead. They had shut up shop and closed down the business. All the developments had been stopped, and we lost our money. Bulgaria and Turkey did get built, but there were expensive management fees. After we removed them the old management company took everything from that company. We realised that they were linked to the mafia in Bulgaria.

 

I had done nothing between 2009-2013 but then I attended a progressive property event. I met other people who had been in a similar situation, lots of debt, only a few years before, and had come through the other end really successfully. Since then I have focused on joint strategies, and using other people's money to get property. I have become an expert in no money down property financing and now teach on the progressive property courses.

 

The past is the past. You can set a new future. The one thing I used to do was focus on property in one hour before and after work. I didn’t lose an hour each side of my day only around twenty minutes because I avoided the traffic. I also got bigger pay rises and bonuses from my work because of the perception that I was working harder. I see a lot of other people waste time, by having a chat or taking a longer lunch. I wanted to use my time as effectively as I could.

We all have the time available to commit to property. Property in the last four years has changed everything in my life. I was living in a room as part of a HMO four years ago but last year I moved to my dream home. When you commit to property in the right way you can do it in quite a short space of time. I didn’t set out to build a multi-million pound business in the first few months. You don’t want to run before you can walk. Just start with one property, and then cookie cutter the process.

 

I love property. I love the lifestyle it allows me to have. It allows me to spend time with my family, see my son take his first steps. I’m not into posh watches and fast cars. I want to provide for my family. My parents sacrificed a lot. We weren’t wealthy but we were just ok. I don’t want to have to sacrifice as they did.

 

Best Moments

‘Make hay whilst the sun shines.’

‘Everything was going great, I thought I was a professional property investor.’

‘The mortgages never happened after that because of the 2008 crash.’

‘I got myself into huge debt.’

‘The only way you faily in property is if you quit.’

‘Having the right people around you helps accelerate your success.’

‘I see the money that I lost as an entrance fee.’

‘I have made lots of mistakes in property.’

‘I now make more money from property that I had lost.’

‘Property is very forgiving.’

‘The past is the past. You can set a new future.’

‘I bet you can think of time in your day where you can do stuff on your business.’

‘How are you making use of your 24 hours.’

‘Focusing on replacing your income, so you can get your time back.’

“If you bite off more than you can chew then it feels a lot worse when you fail.’

‘Use small steps on your business/property journey.’

‘I don’t want to sacrifice like my parents did to provide for my wife and kids.’

‘You need to get educated like I did.’

 

About Your Host

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

 

Contact Method

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Buying Below Market Value08 May 201700:21:49

Peter talks about buying properties below the market value. What market value means and how to find out what the market value of a property is. Why we do not need to focus only on the market value and cheap properties but also to other fundamentals such as the exit strategy, the rental demand and the cash flow. 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

A Massive 10x Announcement28 Mar 201900:11:55

The 2019 10X Super Conference is going to be a very different style of property event. You’re going to learn, the new cutting edge property strategies, the quickest cashflow strategies and the low money down, no money left in deals all property investors are after.

Over the weekend, our expert trainers will share with you why you don’t need mortgages, deposits or large sums of cash to get into property.

If you're thinking about going to a property event of any kind, get yourself to the 10x property super conference, it's going to be the biggest and the best property event of the year, it's going to be bigger and better than any event that Progressive or any other property event the country has held before.

Come and learn from the real property people who are not just talking the talk but walking the walk.

www.bit.ly/10xpodcast
7th-8th June 2019

KEY TAKEAWAYS

  • What is Property super conference? The property super conference is something that progressive property used to run in the late 2000s, early 2010s. progressive property has run a number of super conferences but they've not run one for six years now, and Grant Cardone who some of you will be aware of, who's the author of the book 10 X, and is a massive, massive property investor and business entrepreneur in the US has joined forces with progressive to bring the 10 x property super conference to the UK. This is an event where Grant Cardone himself and many other expert property trainers will be sharing their knowledge on how to become a successful UK property investor.
  • The advantage of this event. This event will help you to generate a monthly cashflow and multiple streams of income.
  • Seeing somebody else become successful is something that gives you a kick in the ass and lets you know that you can be successful too.
  • Believing that you can do something and always focusing all your efforts towards it will ensure your success. At the conference, you will be taught how to believe in yourself and achieve your dreams.
  • At the event, you will realise that we are all the same, whether you are rich or poor, we are all the same and that you also can become successful in your business and become rich too. We're all on the same journey. We're all from the same place, we all grow up, we all get jobs, and we can all learn anything.
  • The 2019 10x super conference will show you that you don't even need to own property to get to 3k to 10k a month cashflow, you can make it through controlling other people's properties, you're going to learn low money down, no money down and how to use other people's money. The most creative ways to own, flip, rent out and control property without spending your own cash. You're going to learn how to retire on one deal, scale from single lets to big projects that kick out cash flow and give you lump sums 10x bigger than the small deals you might be doing now. You're going to learn the newest ways to source, rent out and leverage properties for fast and lasting cashflow, capital growth and empire building..

BEST MOMENTS

  • “You learn from your mistakes.”
  • “Mark Homer doesn't speak at many property events and having him talk at the at the super conference and getting the opportunity to listen to him speak is a huge, huge opportunity for you.”
  • “People are always the same.”
  • “The conference has changed many people’s lives and they are now successful and if it has done that for them, it can do the same thing for you.”
  • “If you're thinking about going to a property event of any kind, get yourself to the 10x property super conference, it's going to be the biggest and the best property event.”
  • “This conference is not just for people with properties, but also people with property that want to really scale their empire. It’s for everybody at all levels through the weekend.”

VALUABLE RESOURCES

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

CONTACT METHOD

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Alfie Best: Interview With £350m Property Empire Owner!01 Apr 201900:57:20

Learn how to grow your property business quickly and understand the benefits of getting an education in today’s episode of The Progressive Property Podcast. 

Today, Kevin interviews entrepreneur and property investor with over £250million pounds worth of property assets, Alfie Best.  

KEY TAKEAWAYS 

  • Property is a people business. One of the best gifts that you can be given is learning how to speak to everybody because you never know who's coming out from behind that door. It could be somebody 90, it could be somebody 15. They're from many different worlds. Learning how to speak to people on the spot is a massive education because it gives you the confidence to know how to speak to people. 
  • How to grow your business quickly. Everybody has problems but your problems should not be an issue, your problems should be a learning experience and every issue that you come across makes you stronger for the next round. It's about going out for the fight, being fit for the fight, being fit for the purpose of the fight, and learning by your mistakes. 
  • Education. Another thing you should do to grow your business rapidly is about knowing your business whether it is vehicles selling, whether it is property or whatever. Through education and learning how you should operate your business to reach optimum production of your company or business, you will always succeed in your businesses. 
  • Self-belief that failure is not an option. This is something that should always be in you whether you are successful or not or whether you are rich or poor. Having this kind of spirit in you always keeps you going whenever the times get hard and be sure with this, you will always emerge at the top. We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from. We don't make mistakes unless we harp on them, what we do is we learn from them to not make that decision in that way again.  
  • Be prepared to listen. There’s a reason we were given one mouth and two ears by God, this is so that you can listen more and do less talking. The more you listen the more you learn. This helps a lot because you get to learn more skills that you didn’t know from people by listening to them. 
  • Ask if you are not sure of anything. Be prepared to take advice from people who have already achieved great success. Swallow your pride and ask, do not assume that you know everything which may cost you big in the future. If you want advice, don't ask the funeral or the undertaker how to arrange your wedding and don't go to the wedding exhibition expecting them to arrange a funeral, go to the right person to ask the right question, ask people that are within the industry. 
  • When you're in a job that you love, do more than you're paid to do because you will be recognized for it and you will climb the ladder faster than anybody else in that company. Because people can see that you're somebody that is conscientious about what you're doing. 
  • For you to achieve success in your personal and business life, you need to look at the company that you surround yourself with because if you surround yourself with people talking about football, you’ll talk about football, if you surround yourself with people talking about boxing, you’ll talk about boxing, if you surround yourself with people talking about business, you’ll talk about business, this is because we are all creatures of habit. Try to surround yourself with people that have the right habits.  

BEST MOMENTS 

  • “One of the best gifts that you can be given is learning how to speak to everybody.” 
  • “Always learn through your mistakes.” 
  • “Everybody makes mistakes, the two things you need to do is admit them and learn from them. People that can't admit them and people that can't learn from them will stay stagnant.” 
  • “We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from.” 
  • “You fail when you quit.” 
  • “We don’t live long enough to make all of the mistakes ourselves, learn from others and life will be a lot shorter and a lot more enjoyable where your work is concerned.” 
  • “A man with a plan will be a genius without a plan.” 
  • “We are never ever too old to learn.” 
  • “The only person that put somebody down is themselves.” 
  • “Success is made up of good habits.” 
  • “Believe in yourself and always listen to everybody but the advice you choose to take must be your decision.” 

VALUABLE RESOURCES 

ABOUT THE GUEST 

Alfie Best. He was working from the age of eight and with time, his entrepreneurial mind kicked in at an age of around 12 and 14. He got a 250 million pound plus empire in different types of property, mainly around stuff like Park homes, commercial buildings, and other assets across land developments, different stuff.  

CONTACT METHOD 

ABOUT THE HOST 

Kevin McDonnell  is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

CONTACT METHOD 

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

Official website: https://kevinmcdonnell.co.uk/  

https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Guide to Buying Property at Auction08 Apr 201900:24:47

In today’s episode of the Progressive Property Podcast,  Kevin McDonnell discusses action, buying at auction, selling at auction and the difference between buying at an auction and buying through estate agents. Learn the tips you need to know before buying at auction and the types of auctions that offer the best property opportunities.

KEY TAKEAWAYS

  • What’s the difference between buying an auction and buying through an estate agent? the main key difference is, when you purchase the property through estate agents, you get the opportunity to go visit the property, have a look at it may be more than once, maybe two or three times even just so you're really comfortable with that property, you could get a builder to take a look at it and get some quotes on the maintenance, so you're really clear on what your numbers are before you buy, but also, when you put your offer forward and you start the process of purchasing, you can change your mind. So if anything pops up, if your circumstances change, you can back out of the deal. The difference with an auction is once you secure the purchase, so if your bed is the highest bid on the day of the auction and it's higher than the reserve price, then once that hammer drops, you are legally bound to buy that property within generally 28 days and if you don't buy it, then you would lose your 10% deposit money. So they the owner of the property would receive the 10% deposit money plus fees in some cases, and they'd be able to have their property back and maybe stick it in another auction.
  • Buying at auction, you can get some amazing deals, but you can also get what I call property dogs, and they are properties that are not anywhere worth what they may think they're worth and properties that have got problems. So traditionally if you go to an estate agent to sell a property and maybe it's got some issues with the title or a Scott some covenants on it, or it's got structural issues or subsidence issues, any type of issue with the property, that would be picked up really quickly through an estate agent purchase, but in auction, if you don't do your due diligence, if you don't do your research before the auction, if you don't look at the property, check it out, then you could end up bidding on this property, purchasing the property having to put down your 10% deposit, and then finding out somewhere between the drop of the hammer and the 28 day completion period that you haven't quite bought what you thought you'd bought.
  • Tips you should have before buying at an auction.
  • Before the bidding starts, you've got an auction pack, which is basically a legal pack of all the information that you need around the property, you need to look at this legal pack. If you are not familiar understanding legal packs, get a solicitor to read through that legal pack and make sure that it's very clear that there are no issues with the property.
  • Number two always views the property.
  • Showing up for the auction and showing up on time is very important because you want to see if there's another interest in the property, see what other people are talking about, get into some conversations. Don't let anybody know, though, that you're interested in that property or which one you're interested in.
  • When the bidding starts, you have to watch out for the auctioneer and what's called off the wall bids, because what you'll see is the auctioneer is trying to show some interest, and he'll start bringing the price up and they can do anything they want between the first bid and the reserve price because it's not for sale. So they'll start taking bids in what's called off the wall and they'll point and random people, but not at any specific person.
  • Now there are two different types of auctions. Online auctions and actual physical auctions where there are an auction house and you have to show up and you're sitting in the audience.
  • Reserve price. So how an auction generally works is you have a lot, so each property is listed within a lot and they're listed from lot one, for instance, if this 40, 50 properties in the auction, it will be listed from lot one to lot 40, lot 45, lot 50 in an order, and lot one is the first property that goes up for auction on that day, then lot two, lot three and so on. Now, each property when it's listed and advertised for the auction has what's called a guide price. Now the guide prices what the auction has suggested the property should sell for and then it also has the reserve price. Now the reserve price is the key because the reserve price is the price that the seller so the owner of the property is telling the auction has, if it hits that number, so the reserve price or higher, they will accept the offer and the property can be sold, but any offer lower than the reserve price, then it's not sold.

BEST MOMENTS

  • "What generally happens with the guide price is auction houses want to get you in early and they want to build interest and what you'll often see is the first few lots on an auction are priced with a really low guide price and the idea of this is not that they're priced wrong but the Auction House is trying to build interest in the auction and the trying to get people into the Auction House early."
  • “Learn from other people's”
  • “Surround yourself with people that can help you out when you are caught up in some kind of trouble.”
  • “You can lose money or make money from property.”

VALUABLE RESOURCES

ABOUT THE HOST

Kevin McDonnell  is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

CONTACT METHOD

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

10X Your Life! Interview with Multi-millionaire Entrepreneur Grant Cardone15 Apr 201900:31:09

Have you already got your hands on the 10X Property Super Conference tickets? You better be!

This episode of the Progressive Property Podcast might convince you to stop doubting about going and finally decide to go the biggest property network event of the year. Today, Kevin interviews Grant Cardone, the Founder of Cardone Capital and the best-selling author of ‘The 10X Rule’.

This shall give you a good sneak peek on what the 10X Property Super Conference shall offer since Grant will be a Key Speaker for the said event and will be sharing more of his experience, tips, strategies, and resources on the event itself. Grant advises that you – with your positive mindset, vibrant energy, and exciting ideas – be ready on meeting new people that could help you and also collaborate with, in your property journey. Discover more about Grant when you tune in!

KEY TAKEAWAYS

  • Why is property a major part of Grant’s business?
    • According to Grant, for people who want to grow their wealth, property investment is the most straightforward, least complicated and most conservative way.
    • You don’t have to graduate with flying colors or join elite groups to be the best real estate agent.  You just have to equip yourself with the knowledge, skills and the best judgment in choosing your properties.
  • What makes Grant different from other real estate agents?
    • He sees so much possibilities with real estate at this point in time.
    • Grant’s tip on how to not lose your property:
      • Make sure that it provides income that services the debt and operations.
      • Do your homework – research so there is always certainty.
      • Don’t panic.
      • Buy the best piece of land and you’re going to be fine.
  • How important is network?
    • If you don’t network with the right people and wait until the crash to move, then you’ll never get great deals.
    • “Commercial real estate is not controlled by individual owners; the best real estate is controlled by brokers and financial institutions.”
  • Grant’s advice to those who are just starting in real estate.
    • Network during the 10X Property Super Conference.
    • Start studying the key speakers so you know the right questions to ask.
    • Don’t buy on a budget.
  • What worries Grant today?
    • Grant recalls the first deal he ever made where he relied only on how much money he got that time. It was a bad decision which has put him in the bad spot.
    • He wished he knew that lower cash flow in better locations appreciate when things blow up.
  • What’s the most important skill for Grant?
    • Be persistent and keep going. If you got knock down, get back up.
    • Study the rich people, the financial institutions, and the insurance companies. Where do they buy?

BEST MOMENTS

 

  • “I’m a hardworking person, I didn’t have connections, and I didn’t have money. In real estate, unlike any of my businesses - I run seven businesses, but real estate is the simplest of them all.”
  • “I think people are underestimating the possibility with real estate at this time in the world.”
  • “Cheap is cheap.”
  • “Find something that’s going to be a great investment.”
  • “I would rather have a lower cash flow in a better location.”
  • “If you know you can do more, then do more.”
  • “I don’t find my luck if I don’t work.”

 

VALUABLE RESOURCES

 

ABOUT THE GUEST

Grant Cardone is a multimillionaire entrepreneur whose personal property empire is valued at over $900 million. He is also the Founder of Cardone Capital and the author of the best selling book, The 10X Rule.

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

CONTACT METHOD

 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

10 Reasons to Invest in Property RIGHT NOW!22 Apr 201900:36:31

Property is one of the safest and most lucrative investment opportunities. If you have been procrastinating buying your first property, or delaying starting your property business, Kevin has ten reasons why you should start investing in property today. Property is great to leverage, you’ll get instant equity, and it gives you a better return than any bank will these days. Listen to the ten reasons why you should be investing in property right now.

 

Key Takeaways

 

  • Population Growth. The UK population has increased, a record, 8% in the last decade. This is getting bigger every day, and there is no more land so there is a housing shortage. We’re not building homes quick enough, which is pushing house prices up. There are 100s of thousands of empty properties that are ready to be brought back to the market.

  • Generation Rent. We are right now living in generation rent because people can’t afford or don’t want to buy their own house. Throughout history, we have a much more own-house mentality in the UK compared with other Europen companies. The average age for a first-time buyer is mid-30’s. A quarter of the UK population will rent by 2021.

  • Property allows you to leverage money more than any other investment class. The same £100,000 goes a lot further than investing in stocks and shares even if the property market goes up half of what stocks and shares do, you’ll still get good cash flow. You can leverage everything including estate agents, letting agents and solicitors to make sure your time is used most effectively.

 

  • Instant Equity. You can make equity on the same day when you purchase property. You can think about the potential future value of a property where you turn a 3-bed house, to a multiple ownership house. You can add instant equity, over a matter of weeks.

 

  • People always tell me they are always waiting for the right time to buy property after Brexit for example. You should always just buy now. It doesn’t matter about Brexit or a recession but it matters that you buy property now and make money now. Don’t try and guess whether the property will make you money in the future because that’s gambling.

 

  • Section 24. This means that landlords, anyone who has more than one property, will no longer be able to claim their mortgage payments as a tax-deductible expense. A lot of landlords had been buying properties in their personal name so they have moved from profit to loss. To avoid this you have to buy properties as a limited company. This means that there are a lot of properties on the market from Landlords trying to sell their properties.

 

  • Brexit is all over the news at the moment, and no one knows what is happening. They cause the newspapers to hype things up. One thing for sure is that people will need to live in houses. We need to be ready to make successful property purchases in this business.

 

  • More and more people are waking up to the reality of their pensions not being worth as much as you had hoped. Most people do not have enough from their pension to live off when they retire. The retirement age is getting longer and longer, further and further away because of the pensions deficit. I use my pension through SASS and SIPP to purchase commercial, and residential property, which gives me a far greater pension than my previous job ever would.

 

  • Property Investment is much better than leaving it in the bank. You will get a much healthier return even on a single let property compared with leaving your cash in a bank. Once you have more than £85,000 then your money is not protected if the bank went bust like Northern Rock. Putting your money in bricks and mortar protects it from inflation.

 

  • Political and Economic Stability. We are living in one of the most politically, and economically stable countries in the world. It’s probably the safest property market in the world. Even with Brexit, we are living in one of the best countries in the world to invest in property. Sometimes we take that for granted.

 

Best Moments

‘Success leaves clues.’

‘Some of the most successful people have made their fortune from property.’

‘More people are looking to rent by the room, and smaller properties.’

‘The UK is more crowded than any other EU company.’

‘The UK will have double the density than Germany in the next ten years.’

‘We’re not building enough stock.’

‘The number of houses now is at its lowest since the 1920’s.’

‘It is not cheap to build houses.’

‘Rental maybe a good thing to move around but it's not a good thing to build wealth.’

‘You can outsource everything and retain most of the money.’

‘With property you can add instant equity.’

‘You have to buy for cashflow.’

‘People went bust in the recession because they didn’t buy property for cashflow.

‘You don’t wait to buy property, you buy property and wait.’

‘Now has always been the time to buy property.’

‘There is no such thing as jobs for life anymore.’

‘Always look for win, win opportunities.’

‘Be greedy when others are fearful, and fearful when others are greedy.’

‘Just one property will be a great addition to your pension.’

‘Use property to grow our pension.’

‘Your money is getting eaten away by inflation.’

‘Sometimes we forget just how lucky we are, and gives us the freedom to live our dreams.’

 

About Your Host

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

 

Contact Method

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Is No Money Down Possible?29 Apr 201900:27:08

Ever thought that you can’t buy property because you don’t have a 25% deposit, or you don’t earn enough to gain a mortgage?

Well, there are plenty of ways for you to invest in property, with either no money, very little money or with someone else’s money. Kevin this week talks through the various different ways that are available for you to invest in property with ‘No Money Down.’ From using rent-to-rent and Planning Gain, listen from the expert in ‘No Money Down’ property structures to make sure you start investing in your future today.

 

Key Takeaways

Do you know people who own a lot of property? Do you know them personally or have you read about them? The reality is they probably get there by doing ‘No money down’ property deals. They didn’t do this by working in a job to save for a job. If you don’t use ‘no money down’ investing otherwise you won’t own enough properties.

 

What is ‘No Money Down’ Property investing? There are three types of ‘No Money Down.’ It could literally mean there is no money down on the property, or there is very little or no money down on a property. Would you be willing to purchase a property for £1 which is worth millions and gives you lots of passive income? The final meaning is where you use other people's money to put down on a property.

 

What ways can you do ‘No Money Down’? People say you need a mortgage or you need 25% or you need to go through an estate agent, none of these things is necessarily true. This is not what creative property investors do.

 

You need time, you need knowledge, you need the money to get into Property. It doesn’t happen to be your money, however. There isn’t enough money to give back everyone the money there is in their account. A lease option is a really powerful strategy, which allows you to control someone else's property. When you buy a house, you get a title deed. It has the owner name and it has the address on it alongside anyone else who has an interest in the company. This means you get control of the title deed, which gives you control of the mortgage, cash flow and profit.

 

Rent-to-rent is a great option. You can get control of other people's property and the cash flow without the deposit. We’ll get the landlord to make sure that there is a few months free rent, you can even get the furniture in buy now pay later scheme. You rent the property, and then you put the tenants in the property. People don’t want the hassle of managing a property. If you don’t have a deposit rent to rent can be great.

 

Rent-to-Buy. There are lots of people who are in rented accommodation and they want to buy a house but they can’t afford to. You pay the market rent and have an option to buy later. The purchase price is locked in on day one. So you can move in, or someone else can be moved in. There is no cost to the landlord, the purchase price can be increased.

 

Buy-to-Flip. There are costs to this when you are doing the refurbishment. Buy-to-flip has to pay an additional 3% stamp duty which has eaten into profits. But an assisted sale could be useful. This is where you joint venture with the homeowner. You pay the refurbishment and increase a purchase price up front. You can split the sale cost after the event, so it's a win-win from the homeowner. You can joint venture with someone else to pay for the refurb costs as well.

 

Planning Gain. You don’t need to buy a house to benefit from planning gain. This could be where you get an option to buy on a plot of land, and submit planning permission and then sell your option to buy.

 

Best Moments

‘Just because some money is needed it doesn't have to be your money.’

‘Don’t think that without any savings

‘Money doesn’t really exist.’

‘The situation of the homeowner is more important that the

‘Lease option is a really powerful strategy’

‘In a leasehold, you are not buying the house.’

‘People don’t want the hassle of managing a property.’

‘There are opportunities to make money in areas where people don’t want to do the work.’

‘A tenant-buyer property contract you have the security of ownership.’

‘Buy-to-flip pay an additional 3% stamp duty.’

‘You don’t need to buy a house to benefit from planning gain.’

‘Joint venturing is a hugely powerful strategy.’

‘You can exchange your time and knowledge for their money.’

‘Don’t pedestalize the money.’

‘The more you network the more money you can make.’

‘One of your greatest assets is the time and willingness.’

‘Ask people to look at your deals before you go to investors.’

‘Don’t chase for the money.’

‘Sell through not to.’

 

About Your Host

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

 

Contact Method

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Mark Homer: The Quickest Way to Get Started in Property06 May 201900:29:49

Would you like to network with 12,000 like-minded property investors? Learn from some of the most experienced, and successful property entrepreneurs in the world? Then the 10x Superconference is for you. Kevin interviews one of the speakers at this year's conference, which is all but sold out, co-founder of Progressive Property Mark Homer. Mark talks about his journey into property, what are the best strategies at the moment and what he’s going to be talking about in his presentation at the conference. If you’re looking for a reason to book your ticket to the conference, then listen ahead to this fascinating interview with Mark Homer. 

 

KEY TAKEAWAYS

Most of my time is spent doing property deals, running our property business. I’ve bought, sold and refurbished over 800 properties. At the moment I'm doing a lot of commercial conversions into residency. I help oversee our letting agency and the numbers for the business.  

 

Why property? It’s all about the returns. When you’re talking about property things start and finish with return on capital invested. There are lots of leverage you can get on one single let, compared with other investment types. I’m doing more and more, larger buildings where you can get a return of 25-30% back on a property. Not many other investments would give the same returns as property.  

 

I started with small terrace houses. I was buying, refurbishing, and building up my portfolio. I graduated into bigger buildings, and HMO’s. It’s been a fifteen-year journey for me where I’ve ended up doing more and more commercial conversions from pubs and empty buildings.  

 

What's your preferred strategy? This is very much based on things that are of their time. I’ve recently gradually started doing more and more commercial conversions around putting a retailer on the ground floor and converting the higher floors into flats for example. Often the projects I do are opportunity-led and of its time.  

 

Whose has been your inspiration? In terms of residential and property, I would say Andreas Panayiotou. I think he ended up owning thousands of properties in London over the years. In terms of investors, I do think Warren Buffet is great. I love his long-term attitude to investing and he compounds his returns.  

 

Why do you think you should attend the Superconference? I’ve moved on in my journey because I’ve learnt from other people. I’ve learnt how to do the tax, contractors and others. At this conference, there will be 12,000 other property investors in the room and the speakers. Grant Cardone portfolio is nearly a billion dollars. We are all doing different things. 

 

What are you going to be talking about at the Superconference? Lots of things are changing in our economy at the moment and I'm going to be talking about how we can take advantage of the uncertainty. I’m going to go through a couple of case studies which I’m working on at the moment.  

 

Is there 'one' really exciting thing about the Super-conference? In terms of finding the right commercial buildings, finding the right partners and finance. I think people will hopefully get a lot of interesting different things. There will be a lot of different mindset of things there with Grant Cardone. I’ll be speaking and learning about different strategies.  

 

Top three benefits of attending the Super-conference? Property starts and finishes with income, and cash flow, replacing that income. Networking with other people and are like-minded. How inspiration is it to have all these speakers who are coming,  

 

What has property done to 10x your life? 10x is different to me than for others. For me, it’s around commitment but growing in stages and making mistakes at the right level. As soon as you know everything and you have the right data it's vital to scale up. If you know it works you need to make sure that you scale it up to make it work.  

 

BEST MOMENTS

‘Most of my time is spent doing property deals.’ 

‘The returns are really good.’ 

‘The stock market is harder to get right.’ 

‘I like turning older properties that haven’t got use into residential properties.’ 

‘Often the best time is now to get into property.’ 

‘Don’t extend yourself at the minute as we are in the second half of the cycle.’ 

‘Warren Buffet has been a big inspiration for me. He reads for hours everyday.’ 

‘The experience and knowledge is deep in lots of different niches.’ 

‘There are lots of different options even if you don’t have any money.’ 

‘I met lifelong friends at the last conference.’ 

‘Always invest locally.’ 

‘Try and avoid scattergun approach.’ 

‘Try and find the best letting agent.’ 

‘If you go to a new town you have to learn everything all over again.’ 

‘You can make millions of pounds in one deal.’ 

‘If you don’t know the detail, and start from the bottom you can lose out.’ 

‘Everyone is always learning.’ 

‘The inspiration you will get from all these people.’ 

‘You have to work hard and work smart.’ 

‘Get into your niche and be the best at whatever that is.’ 

‘I’ve moved on in my property journey by learning from others.’ 

 

VALUABLE RESOURCES

www.10xsuperconference.com  

 

ABOUT YOUR HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

  

Contact Method 

  • Facebook: https://www.facebook.com/kevinMcDonnellProperty/ 

ABOUT THE GUEST

Mark Homer 

Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined. 

 

CONTACT METHOD
Markhomer@progressiveproperty.co.uk 
https://www.linkedin.com/in/markhomer1 
https://www.facebook.com/markprogressive 
https://twitter.com/markprogressive 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Go BIG or GO HOME (Lies)13 May 201900:19:10

Is going big or go home the right strategy?

You hear a lot of people, especially on social media, talking about ‘going big or going home’ as being the right strategy but what if this isn’t right for you and your circumstances? In this episode, Kevin talks through why you should ignore that talk and focus on your own goals. Kevin talks through the best ways you can set SMART goals in your property business, whether you are aiming to save for your pension or you want to become a property multimillionaire. If you haven’t set your business goals yet this is the episode for you.

 

Key Takeaways

Everyone’s goals are different. It’s important to set goals that are important to you, and related to what you love not influenced by other people. Sometimes, it’s enough to know that you can quit your job if you need to. You might love your job but would like to build a bigger pension pot.  Even aiming to earn £3,000 to £5,000 a month from property is a great goal. We don’t all want to own hundreds of properties and that is fine. 

It’s important to set your goals effectively, whatever they are. Make sure you write your goals down and that they are not dreams. To ensure they are not dreams work out how you are going to achieve these goals and when for. For example, if you want to earn £5,000 a month from property, set a date in the future when this will happen. A really good technique for goal setting is SMART which stands for Specific, Measurable, Achievable, Realistic and Timebound: 

  • This means being really precise in what you want to achieve, and how you are going to do it. For example, this could mean the type of property that you are going to purchase, how you are going to fund it or what type of marketing you are producing in your property business.
  • How are you going to measure where you are in your journey? In terms of marketing; how are you going to measure the success of your marketing. Once you start to measure your marketing results you can create Key Performance Indicators (KPIs.) KPIs allow you to adapt and change based on evidence. You will know how many leaflets you have to deliver to get one deal through for example. 
  • Make sure that your goals are achievable from the position that you are starting from and in the time you’ve set. Recently I heard of one client who had a goal of purchasing 2,000 properties within two years, all of which would be through a tenant buyers process. Progressive Properties, which has been going for ten years only has around 700 properties, so this was just a completely unachievable target. 
  • When setting your goals you have to make sure that they are grounded in reality. All sorts of factors can make a property deal realistic or not such as access to finances, JV partners, savings and where you live in the country. Similar to achievable make sure you are being realistic in your goal setting. There is nothing more disheartening than a goal which is not achieved because it was too unrealistic to start with. 
  • Time-bound. Make sure you give yourself a deadline for your goal. This might be delivering 1000 leaflets by the end of next week, or speaking to five estate agents in a day. Once you have a time-bound goal you can measure where you are against that goal.

 

In our day jobs, we are sent on lots and lots of training. This is to enhance the companies profits not just give you a good personal development day. Similarly, in property, make sure you educate and invest in yourself to make the most money possible and achieve your goals. 

Best Moments
‘Everyone needs to focus on doing what's right for them.’
‘Don’t worry about other people’s path.’
‘What’s important is how smart you work.’
‘Don’t have dreams, have goals.’
‘Focus on you and your goals.’
‘KPIs are critical for all successful businesses.’
‘I’m always checking where I’m at in terms of KPI’s.’
‘Be specific about how you are going to measure your success.’
‘The reality is that a lot of people have dreams rather than goals.’
‘Where success happens failure often has happened at some point before it.’
‘We are all failing forward.’
‘Sit with your mentor to figure out your realistic goals.’
‘Stop listening to all those 5 am club people.’
‘Focus on your own path.’
‘Do something every day that gets you a little closer to achieving goals.’

ABOUT YOUR HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

CONTACT METHOD

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

How to Make BIG CASH With a Tiny Investment20 May 201900:41:48

Exclusive Interview with Property Superconference Speaker and Deal Packaging legend, David Siegler.

The upcoming 10x Property Superconference has the power to change your life, and In today’s episode, Kevin interviews one of the most experienced property investors in the business, and who will be speaking at the Superconference in just a few weeks time.

 In this interview, Kevin talks to David Siegler about his journey into property, his specialism in Deal Packaging and why getting a ticket to the 10x Superconference will change your life.

 Key Takeaways

We saved a deposit, and got a mortgage and bought a house. When I first started it was a really slow process and the cashflow was limited. The problem was there was no one to ask, no one to ask how you can improve your skills, or learn from others. I was stuck. Rob and Mark were out there buying property when I was sitting at home watching daytime TV.

 I now have a deal packaging business. Which I learnt how to do at progressive property. In year one I was able to pay myself over 140,000 and then each year since then I’ve turned over six figures. I’ve been able to reorganise my property portfolio, which initially I was netting around £3500 but then without buying any more properties, due to getting educated, I was able to increase that to over 8K a month.

Why did you want to invest in property? I got into property by accident, because I had a retail business. On several of our units, we were able to get the freehold, so we then started buying various over the years when they became available because it can help enhance your balance sheet. I love property because if you hold it for long enough it will go up in value.

What’s your favourite property strategy? My favourite is deal packaging because it’s all about the cash. I have residential and commercial properties, but with deal packaging, you can get cashflow without having to get any more tenants. I had a lot of contacts where I didn’t want to buy so I could then help others by selling them on.

 What’s your journey been to being on the stage at the 10x Super Conference? In 2014 I threw myself into deal packaging, and it was a lot of work to do initially. 12 months later I learnt about the speaker training at Progressive, and took the course, to become ready to speak. I would then drive around doing twenty-minute slots in various locations around the country.

 Who is your biggest inspiration? In business and in property, I think Progressive Property is something special. How Rob and Mark have built this from nothing over the years, is incredible. Special people are going to be in the room at 10x conference.

 How has deal packaging changed over the last few years? The cutting edge deal packaging is around serviced accommodation. When I first came into property serviced accommodation wasn’t a thing, but it’s the way to earn money quickly in property. Rent to Rent deal packaging is also an area where people are earning a lot of money very quickly.

 Why should everyone be excited about the 10x super conference? Mark Homer who is the smartest man in property in the UK and one of the smartest men in business and he is speaking. Grant Cardone, is there, who will 10x your life and supercharge your property business. Finally, we have Rob Moore and all the other speakers. Then there is a secret speaker who is a major player in property, all to be revealed.

What does 10x mean to you? For me, it feels aspirational. It can be a goal in the future for anyone. If you aim for 10x then even if you don’t get there you’ll still be making a lot of money. It changes your mindset, your contacts change, your friends change and the way that you think changes.

 

Valuable Resources

https://www.10xpropertysuperconference.com/10xhome

 

Best Moments

‘When I started there was no property education.’

‘Everything stopped in 2008, because of the crash.’

‘I spent three years at home.’

‘I joined the deal packaging family.’

‘The power of the property was keeping my business going.’

‘I got into property by accident.’

‘Property is the most passive way to keep my finances up-right.’

‘Deal packaging allows for cash flow without any tenants.’

‘I work with people in my business.’

‘My job now is investor facing.’

‘Your the go-to expert for deal packaging.’

‘If you know how to do it then you can find deal packaging next week.’

‘If you can build your war chest now then you can fund your property business.’

‘Progressive property is a magical place.’

‘We are changing lives here.’

‘Everything I have achieved as a speaker I owe directly to Rob Moore.’

‘You have to put the work in.’

‘I was totally committed.’

‘I practice my speaking, and all the conversations I have with investors and builders.’

‘You have to get the training, and work hard.’

‘In deal packaging, you have to know all the property strategy.’

‘You can now book serviced accommodation on your phone.’

‘I love learning all the time.’

‘What gives me the drive to keep going is helping people.’

‘10x is a whole mindset shift.’

‘10x is about the bigger picture.’

‘I’d spent 40 years in business without a 10x mindset.’

‘If I’d had the mindset 30 years ago I would have been a different person.’

 

ABOUT YOUR HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

CONTACT METHOD

ABOUT THE GUEST

David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours.

CONTACT METHOD

 

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Rob Moore: How to Raise JV Finance (Live from Cayman Islands)27 May 201901:02:25

Do you want to know how to raise joint venture finance? Do you want to learn how to finance deals with none of your own money? Do you want to build a property power team that could make you millions? On today’s episode of the Progressive Property Podcast, your host Kevin McDonnell interviews Co-founder of Progressive Property and expert in JV finance, Rob Moore.

Tune in today to discover the skills, techniques and tools you need, to successfully raise millions in Joint-Venture finance and fund your property empire.

KEY TAKEAWAYS

  • In raising JV finance, have a folder of deals past and present. Any deals you've done past and present, keep them in that folder. With this, there's an element of social proof in these deals because one element of doing joint ventures is having good deals. A great deal that's put out there enough and is seen by enough potential JV partners probably will find the money. Some JV partners that you'll meet, they will be most interested in the deal itself. You should always have these deals in a folder even if it was 20 years ago, with this, when the joint ventures partners see these deals, they will even notice that you have been in properties for 20 years.
  • The next thing is when it comes to joint ventures, you want to imagine that you don't need the money and you want to build the relationship as if you don't need the money. What a lot of people do is they don't really do anything and when they need the money, they're posting in Facebook groups, they're pitching to people.  If people think you want them only for their money, you're going to get a much lower conversion and you're going to push some people away. There are FCA regulations around pitching for joint ventures and actually when it comes to a JV where there's equity involved, you can't properly pitch until you've got some evidence that there are a sophisticated investor or a high net worth. It’s better for them to come to you than for you to go to them because of those regulations.
  • The next thing is having more than one JV partner to access. If you only have one JV partner, then they have a little bit of negotiation power and leverage because you need their money, they may know you need their money and that gives them a bit of power. If you had three partners, you can go to them all with your next deal and if one wants a little bit more, you can just say, I have other partners I can go to for this deal and so you have a little bit more of the control.
  • If you don't tell people about the deals you've done, they'll never know, but I think if you leave a bit of information and education as well, I think it just comes across a bit better because people can get value from your post. So you've got to showcase your journey on your own social media in the progressive social media, and other property groups, on LinkedIn, on Instagram, etc. And then over time, three months, six months, people are going to connect with you and it works, it actually works better than you pushing to them.
  • The best kind of attraction marketing and finding what you might call your ideal JV partner is to communicate in your content in their language, putting their specific needs and desires in your content. when you're doing your content, you might say, I don't do deals under a quarter of a million pounds, because I don't find that they are great leverage, I tend to do deals between 250 grand and half a million. When you say that, you don't attract people who can't do a 250 grand deal, because you've said I don't do deals under 250 grand. Or you could say I bought a lot of single lets in my career over the years, I'm now scaling up and doing bigger developments. In a way that's just gently pre-qualifying, attracting people who could only afford a single let.
  • When it comes to a joint venture, do it with one investor if they've got the whole purchase price. If you're doing a joint venture, and they put the deposit in, you've got to go through all that rigmarole of applying to get a mortgage and proving where the funds come from. And the way that the question of source of funds, if they know that you borrowed it from a JV partner, you might get declined on the mortgage, you need a really good mortgage broker and really good technical advice, and you don't want to fall for foul or then accidentally committing mortgage fraud by not filling the form in properly and then you've got the mortgage company has the first charge. So the investor can only have a second charge or a restriction.
  • If you go to London Business angel or any kind of angels den, they will ask you if are you an investor or are you sort of looking to pitch for money? You want to go in there to meet the investors but ideally, you don't want to pitch early because they'll always look at you as the person who's looking for the money, which is fine, but the guys with the money probably feel like they have control. You should go there, you meet investors, you build your network and then you develop relationships with them outside of the network and that's probably the best way.
  • Charity balls and flying clubs, there's a massive, really wealthy and successful and inspiring people there. Definitely get along to those events if you can.
  • You can also raise the money by borrowing the funds from your family members, relatives or even from your close friends who have the money and wants to invest in your business that you want to start.
  • Progressive property networks work really well for people as well. The good thing about business networking events is they don't have as many property people in, so when you stand up and do your elevators pitch, you're usually the only property person and that can be an advantage.
  • Give an investor reasons for him to invest with you which include:
  • Credibility. This is having integrity and being honest.
  • Return. Some people looking for a return when they want to invest.
  • Exit, some people want to go out and get their money out before they put their money in.
  • Security. When an investor invests with you, is their money safe?
  • Trust: For a lot of human beings, trust is the biggest thing. Can they trust you?

BEST MOMENTS

  • “A great deal will always find the money.”
  • “If people think you want them only for their money, you're going to get a much lower conversion and you're going to push some people away.”
  • “Pushing people away and make making them want it a little bit more as effective sales.”
  • “Try and build relationships and find JV partners before you need the money.”
  • “Make sure you publicize your journey of what you do.”
  • “If you put content out on social media, it won't cost you anything, so it's only your time and make sure you put content out there linked to the people you want to attract.”
  • “It’s easier to keep one partner happy than it is three or four partners happy.”
  • “Don’t accidentally push money away by only requesting the deposit, request the full purchase price first.”
  • “Every master was once a disaster.”
  • “If you don't risk anything, you risk everything.”

VALUABLE RESOURCES

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

CONTACT METHOD

ABOUT THE GUEST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” 

“If you don't risk anything, you risk everything” 

CONTACT METHOD

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Should You Pay Off Your Mortgage Early?15 May 201700:28:49

Peter talks about why you should or you should not pay your mortgage off. What are the upsides and downsides of paying off your mortgages early and how your decision is based on what you are trying to achieve, your strategy and your vision. How paying your mortgage affects your equity, tax bills and your ability to reinvest and grow your portfolio.

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Rob Moore: Hardest Property Challenges, Favourite Property Strategies & Mindset Hacks03 Jun 201900:26:17

In this episode of the Progressive Property Podcast, Kevin McDonnell interviews Disruptive Entrepreneur and Progressive Property Co-founder, Rob Moore.  

Tune in today to hear them discuss the UK’s biggest property event of the year, what you’ll learn and why you should attend. 

KEY TAKEAWAYS 

  • What’s your favourite property investment strategy? 
    My personal favourite property investing strategy is commercial conversion, because that's what we do and that works for us, because it works well in Peterborough, there are good deals that need planning and we've worked out how to get the planning and we're doing one that's 85,000 square foot that could be up to 160 units. 

    No money down is a way of buying, rent to rent is a way of buying, a lot of people confuse strategies, they think they’re going to do rent to rent or no money down or lease options, but actually no, what you're doing is a way of buying a property. Rent to rent is just circumventing needing a deposit, lease options are circumventing needing a deposit, we use all of those strategies within the strategy of commercial conversion. 
  • How many years have you been doing property now? 
    December 15, 2005, was the day my life changed. The last week of that year, I met Mark up my very first property networking event and in February 2006, I started my property investing career properly working in a property company and buying with Mark. That's 13 years nearly.  
  • When was the first super conference? 
    2010 was our first really big event, there's a lot of people that start property training, who never really got much property and that's how progressive is different. The critics say there are too many people out there who teach but haven't done and maybe there are some, but how we're different is every strategy that we teach, we've done. 
  • Why did you stop doing the super conference?  
    Those events got more and more expensive, like hundreds of thousands of pounds, this super conference will cost us 500 grand, half a million quid to run an event. The bigger the room, the more expensive they get. That was one thing. 

    The second thing was we started to think if there's a cheap strike if there's a bomb scare if something goes wrong and three to six months of our marketing and our revenue are based on this one event, massive risk. 

    The third thing was I like connecting with people, I'd prefer to speak to 100 people or 200 people than in 1400. I'm better in a smaller room. Every speaker loves the thought of the big stage, but I started to feel more disconnected. 

    We bought our own training sweet over there, what's the point in going into massive events in London when you can do in smaller events here. 
      • What’s the main thing you're sort of excited about a product?  
        One of them is creating multiple streams of income. We want to teach you how to create multiple streams of income.  The second thing is we wanted the quickest cash flow strategies.  
        • What is the reason you give too much content without stopping? 
          My Why is trying to earn respect and love from people and that just won't go away, I love property and I love business. 

          Attend the 10X super conference and learn to be the best. 

        BEST MOMENTS 

        • “The harder my challenges are, the more motivated I am.” 
        • “All the property strategies that we teach work, otherwise it wouldn't teach them.” 
        • “I did single let so many years, but when you've done loads of them, you kind of hunger to scale up and your time isn't worth just doing a single that when you can do bigger stuff.” 
        • “I don’t want people to look at me and say, “Rob is doing big commercial conversions, that's what I'm going to do.” if they haven't done a single let yet.” 
        • “There are too many people out there who teach but haven't done” 
        • “I never teach anything unless I've done it.” 
        • “You can learn something from everyone if you stay humble enough to look at someone.” 
        • “To know not to do is not to know.”  
        • “The easiest person to lie to is you.” 
        • “It’s okay to fail and it's best to fail small and fast.” 
        • “Mindset skill set strategy and tactics.” 

        VALUABLE RESOURCES 

        ABOUT THE HOST 

        Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

        CONTACT METHOD 

        ABOUT THE GUEST 

        Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”  

        “If you don't risk anything, you risk everything”  

        CONTACT METHOD 

         

        progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

        HUGE ANNOUNCEMENT! Rob Moore; How Self Worth Increases Net Worth05 Jun 201900:10:16

        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 

        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 

         

        progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

        Simon Hazeldine: How to Master Bare Knuckle Negotiation10 Jun 201900:50:14

        Do you want to become a master negotiator? Do you want to secure property deals and grow your business? If the answer is yes, this episode is for you.

        Your host, Kevin McDonnell interviews world renowned negotiation expert and best-selling author of bare-knuckle negotiation, Simon Hazeldine.

        Kevin and Simon discuss the key skills you need to have to become a master negotiator, mistakes to avoid and techniques to follow to ensure you end up with the deal you deserve.

        KEY TAKEAWAYS

        • What do you see as the key skills of a master negotiator?
        • Being a good negotiator is a critical part of your skill set, have a successful property portfolio, property investment, investment business. What makes what makes a really good negotiator is research shows, for example, a good negotiators gather twice as much information as they give, they focus a lot of time, a lot of efforts, a lot of energy in doing what I call getting inside the other person's head and understanding things from their point of view.
        • Good negotiators are also very well planned and prepared. Make sure that people are thoroughly planned and prepared, that they follow a planning process that increases your confidence that helps you consider options before they come up.
        • A good negotiator doesn't do every deal and a good negotiator does every deal that makes good commercial sense. Knowing when to walk is another important thing for people.
        • Patience is also a good thing to be acting unhurriedly even if you are in a hurry, remaining as calm and objective as you possibly can because emotions can obviously flare, human beings are very emotional creatures.
        • Be very polite and respectful is also a good thing.
        • A good negotiator does less what is called irritating behaviours, finger pointing, aggression, sarcasm and insults.
        • Keeping it professional is an important thing to do, particularly if you want to be doing repeat business with that individual or that organization.
        • Good negotiators have the ability to step into their shoes of a seller and see it from the seller's point of view.
        • Price is a factor in any negotiation. Usually, it is very rarely if ever, the only factor and if it's just got narrowed down to price, you might be missing other opportunities to add value to the deal for the other parts. It is always about the people, the people who own that property that you want to buy must be willing to also sell it to you or want to do a joint venture with you.
        • If you find out what's most important to people and then you show them how you can help them get what's most important to them, that's selling a negotiation in a nutshell. Solve their problem instead of trying to buy their house.
        • What are the biggest mistakes people make in negotiating?
        • Moving too quickly to sort of doing the bargaining, how much are we going to pay and then that they don't spend enough time planning and preparing. They don't spend enough time understanding the perspective of the other person.
        • New property investors, property developers are sometimes very anxious to get some notches, some numbers and get some deals done and sometimes pursue a deal far too long when they should walk away because they feel nothing's happening and it's not working. If your first five deals that you sign up roll pretty badly, you're going to have those bad boys in your portfolio for a while.
        • Definitely move fast but move faster when the deal is right.
        • Tips for getting better results in a negotiation.
        • Do your homework and do your research. Knowledge is power, walk the streets, have a look, get to know the areas, monitor things, watch what's happening.
        • Ask more questions, do less talking and more listening. Find out if you can construct something that is going to meet what that person needs, solve their problems and take away their pain.

        BEST MOMENTS

        • “People think that negotiation is the sexy exciting cut and thrust, but that's only going to be sexy and exciting if you've done your homework in advance.”
        • “The more time you invest in the deal, the harder psychologically it is to get out it.”
        • “Neuroscience research shows that 95% of the influence on our decisions is from more emotional primitive regions of the brain.”
        • “Average man or woman in the street thinks negotiation is open high, drop down, meet me halfway and back and forth but it’s much more than that.”
        • “Empathy is different to sympathy, empathy just means I get how you're feeling, I understand how you’re feeling, I understand why this is important to you.”
        • “Word of mouth is very powerful and also a very bad form of marketing, depending on what's being said about you.”
        • “Understand that if you feel a bit uncomfortable, that's called being human and that's really normal and that's not a bad thing.”
        • “The more you learn, the more you earn.”
        • “The more desperate you are, the worst deal you will do.”
        • “If you don't ask, you have rejected yourself.”
        • “You make your own luck through the work and the effort and the focus that you put in.”

        VALUABLE RESOURCES

        ABOUT THE HOST

        Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

        CONTACT METHOD

        ABOUT THE GUEST

        Simon Hazeldine is a world renowned negotiation expert and best-selling author. Simon is an international speaker and has worked as an expert consultant in the area of sales, negotiation, business performance and applied neuroscience with Fortune 500 and FTSE 100 companies.

        CONTACT METHOD

        progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

        Ask Me Anything With Property Multi-Millionaire Alfie Best17 Jun 201900:27:28

        Answers to the Questions YOU are Asking about Property!

        At the 10k Property Super Conference, Kevin McDonnell sat down with Alfie Best who has a multi-million-pound property business in the UK. Together they answered questions from listeners about all things property.

        If you want to hear inspirational and informative answers to the questions people are really asking then listen in now.

         

        KEY TAKEAWAYS

        • What is the number 1 criteria when deciding whether to invest in property?

        Know your area, know the property you are buying and start with the end in mind, how am I going to make money out of it?

        • In the face of adversity, what keeps you going?

        Fear of failure is a powerful driver and to every problem, there is a solution it might not be the solution you want but there is a solution. If you don’t take a risk you are never going to realise your potential or learn.

        • What are your hacks and tricks when buying a deal?

        There is a model to be followed and if a deal ticks the boxes the next consideration is gut instinct about what else you can add to increase the value.

        • What’s the best thing currently in your life?

        Family is always at the heart of everything and in business, it's seeing long term goals come to fruition.

        • What’s the best advice for someone just starting a business?

        Do it, don’t waste time get on with it but don’t do it half-heartedly get both feet in and get started.

        • What is the best form of marketing in property?

        Sublime marketing is the best – it’s about not selling a property to someone you just whet their appetite enough to get them interested and the more you are not selling it the more they will want it.

        • What the scariest thing that’s ever happened, in business or property?

        Living with yourself when perceiving yourself as a failure is scary and I overcame with perseverance. I followed through, I adapted and changed the business plan to continue to move forward

        • When you are massively stressed and overwhelmed what hacks do you have to

        overcome it?

        In a stressful situation take your time to find the right solution If you panic you make the fear worse and potentially make wrong choices. As soon as you own and step up to your choices you can put them behind you, learn from them and move on.

        • Do you think Brexit will have an effect on rental prices?

        It's about supply and demand, we are 66 million people on a small island with a predicted increase of 8 million over the next 10 years and people need places to live.

        • What is the defining trait that has made you successful?

        It’s about persistence, success is all in the mind everyone defines success differently. There are always people who are further up the ladder of success and they provide inspiration for others to persevere and keep moving forward.

         

        BEST MOMENTS

        ‘I genuinely thought I started perfect I only realised later that I didn’t’

        ‘I realised that I was never going to get myself out of debt working in a job’

        ‘By changing your model, you are actually showing your business is successful the more a business adapts, the more successful it will become’

        ‘Keep checking your goals and seeing where you are at, you don’t realise how far you can come in 3 or 4 years’

         

        VALUABLE RESOURCES

        No Money Down: Property Investing book by Kevin McDonnell

         

        ABOUT THE GUEST

        Alfie Best a highly motivated business magnate, investor, speaker and philanthropist who serves as the chairman of Wyldecrest Parks. To achieve success is not easy and to maintain that success is even harder but Alfie Best has shown how it can be done, even when you have not been born with the proverbial silver spoon in the mouth.

        Born of humble origins and raised in a Romany Gypsy family, this self-made man studied at “University of Life” and started his professional success story totally from scratch. However, coming from a struggling background and a minority group only gave him even more desire to succeed. As a gypsy, he had to face many obstacles and prejudices, but he has never allowed those to ruin his dreams and ambitions or to disrupt his investments into the businesses he operates. Instead, he has taken those negative prejudices and turned them into positives by surrounding himself with a diverse and multicultural team. Alfie Best manages his businesses as a real leader, knows his employees by name and likes to meet all residents of his mobile home parks.

         

        CONTACT METHOD

         http://alfiebest.co/story/

        @alfiebest33

        ea@wyldecrestparks.com

         

        ABOUT THE HOST

        Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

         

        CONTACT METHOD

        Kevin McDonnell Facebook

        Kevin McDonnell website

         

         

        progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

        7 Estate & Letting Agent Hacks You NEED To Know24 Jun 201900:35:38

        ‘Overall estate agents are good at helping you to get the best deal, but they are also great at ensuring the best deal for themselves’ 

        In this fascinating episode, Kevin shares 7 tricks that are vital for anyone who is a property entrepreneur. He explains why agents use these tricks and how you can respond to make sure you are getting what YOU want from an agent, listen in now. 

          

        KEY TAKEAWAYS 

        1. Losing the keys

        If a letting agent is competing with another agent it can stop access, so they do not miss out on commission. 

        Estate agents also lose keys to manipulate who is viewing a property because they may have a preferred buyer. 

        1. Making you feel that you have to act now

        Agents are commission based so their focus is getting deals done. They will tell you there are other offers on the table or that the vendor is about to remove the property from the market to build FOMO (Fear of missing out). 

        1. Talking you out of the best deal for you

        Never let the agent know your bottom price when selling, or your top price for buying remember they are working for commission. 

        If you let them know these prices they will make the deal at the figures you have disclosed. 

        1. Selling you extra advertising

        If your property is not selling agents will often tell you they can introduce extra advertising if you pay them more, the question you should be asking is why weren’t they doing this at the start of the sale process? 

        1. Incorrect valuations

        There are 3 types of agents, and they value in different ways. 

        Overvaluation – the aim is to tie you into a contract with them by offering an above market 

        valuation that entices you to sign up with them and then managing your expectations. 

        A correct valuation – this agent is realistic they may not have as many properties on their books but are the most honest and accurate in their valuation. 

        A low valuation – this is aimed  at  getting the property it sold as quickly as possible. 

        1. Getting you to sign along-termsole agency contract or charging up front 

        Only use one agent to market your property but keep flexible and don’t get tied into a long-term contract. 

        High street agents usually operate on a contract and charge you at the end 

        Online agents entice you in with a lower fee, but you have to pay up front. This means they have no incentive to sell the property. 

        1. Convincing you to use their recommended mortgage broker

        If you need a mortgage they will be keen for you to use the in-house mortgage broker as this will be double commission for them. The mortgage broker is unlikely to be an independent and will therefore not have access to the ‘whole of the market’ for the buyer this results in a more limited choice of mortgage products. 

          

        BEST MOMENTS 

        ‘Trust me they know where the keys are’ 

        At the end of the day, a bid is just a bid, it doesn’t mean it will go through to completion’ 

        ‘Get 3 different quotes to ensure you have an understanding of the ways agents value properties’ 

        ‘As you will be buying and selling a number of properties building a positive relationship with your agent is key’ 

        ‘It costs you because you will not have access to the best mortgage product for you’ 

          

        VALUABLE RESOURCES 

        No Money Down: Property Investing book by Kevin McDonnell 

          

        ABOUT THE HOST 

        Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

          

        CONTACT METHOD 

        Kevin McDonnell Facebook 

        Kevin McDonnell website 

        progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

        Hedge the Recession & Leverage it! Feat. Rob Moore01 Jul 201900:20:13

        The Realities of Recession 

        Rob has hijacked this episode to explain the realities of recession and the steps you can take to be prepared and thrive during a period of recession. 

        It is usually 15 years for a recession cycle and the trigger is always different, but you can take proactive steps; building networks and relationships now in preparation, listen in to hear about the realities and how you can plan to not only survive but thrive. 

          

        KEY TAKEAWAYS 

        • A recession can result in fear and this can make it more challenging to understand the realities. 

        These are the realities; 

        • Many great businesses are built on a recession because the playing field is levelled this includes large and significant businesses such as Microsoft and Lego. 
        • Many business models thrive in a recession e.g. tax accountants and confectionary manufacturers. Progressive thrived because people were looking for something different and positive they could do as a result our training took off. 
        • Your competitors are likely to stop spending money on marketing because they view it as a variable cost. This should be the last thing that should be reduced as it removes your pipeline for new business. 
        • When there is a recession you need to learn how to manage your cash and finances better. If you learn to manage cash flow well now you will be even better in a recession. 
        • Staff costs are likely to reduce in a recession and it is often possible to employ very talented and skilled individuals at lower salaries. 
        • You can buy businesses cheaply and grow through acquisition during a recession. 
        • People will have fear and they will need guidance. They will need leaders and that can be you if you manage your emotions well. 
        • People think that money disappears in a recession, it doesn’t it just moves, from traditional businesses to lean businesses from old businesses to new businesses. 

         

        BEST MOMENTS 

        ‘When we saw the last recession, we had fears and concerns, but it ended up being good for our business’ 

        ‘I learned a lot vicariously from other property companies during the last recession’ 

        ‘If your competitors are spending less on marketing you have less competition for leads’ 

        ‘If you learn to manage cash flow well now you will be even better in a recession’ 

          

        VALUABLE RESOURCES  

        No Money Down: Property Investing book by Kevin McDonnell  

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

         

        ABOUT THE GUEST

        Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” 

        “If you don't risk anything, you risk everything”   

        CONTACT METHOD 

        ABOUT THE HOST  

        Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    

        CONTACT METHOD  

        Kevin McDonnell Facebook  

        Kevin McDonnell website  

        progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

        Self Management Vs Outsourcing08 Jul 201900:20:44

        Should I manage my own properties or outsource them to a lettings agency? This might be a question that you are asking yourself, as you start your journey in property. From his fifteen years experience in property, where he now owns his own lettings agency, Kevin McDonnell gives his take on how you should go about it. Whether it’s making sure you get experience self-managing a property, to the benefits of partnering up with an existing agency in a JV partnership, Kevin gives you all the pros and cons of Self-management vs Outsourcing.  

         

        KEY TAKEAWAYS

        When I start out in property I thought I would have to do everything. When I started I would always do everything from meeting the tenants, gaining references, prepare and write the contracts. I’d do the repairs, and deal with the day to day issues. I thought that was what an investor required. Whereas today I find great deals and my partner manages out the letting agency on a day to day basis.   

        Learning what the agents need to do. Self-management is a good thing to do at least a small amount. You’ll find out what kind of problems that your tenants have. Your tenants are your clients and you are providing them with a service which you need to provide to the best of your ability. This will also save you on the management fees but cost you in time. This will make sure you have the experience so you know your agent is doing things in the right way.  

        What sort of systems should you have to self manage? I used for my first ten properties, Microsoft Excel. There are loads of fancy apps, but if you have ten properties you can manage them on a spreadsheet. Just get your first house and manage it on Excel. Once it becomes too big, over ten properties, you should look at things like Arthur or GoTenant. We have now moved on to Jupix because we are running a letting agent, and my JV partner runs that but that’s too complicated and costly for if you are just starting out.   

        Give your first couple of properties to an agency. Learn how to do it properly, learn how to self manage your property. Then take on property to self manage so you get an inside guide to what they go through. Learn everything that an agency does. An agency does a lot of work from people who say they are interested in that property, lodge the deposit, gaining references and sorting out contracts. 

        I found a JV partner. I found a local guy who was running a satellite office but he wasn’t on the high street. He was like a virtual agent. I approached him. I asked him to move into the high street into a property that I had bought. He’s 50/50 in the letting agents. I have a JV partner and he gets 50% of the profits.  

         

        BEST MOMENTS

        ‘Its about being smarter with your time.’ 

        ‘Be an investor rather than a landlord.’ 

        ‘Since outsourcing, I have more time to think.’ 

        ‘Make sure you see your tenants as clients.’ 

        ‘You don’t need fancy software to manage one house.’ 

        ‘Get perfect later.’ 

        ‘It was cheaper to manage in house.’ 

        ‘The management fees from other landlords pay for the fees.’ 

        ‘When you're starting out you don’t have a skillset.’ 

        ‘Agents do a lot of work.’ 

        ‘You can shadow an agency.’ 

        ‘I wanted to be a business owner.’ 

        ‘It’s a win, win situation.’ 

         

        VALUABLE RESOURCES

        https://www.xero.com/uk/  

        https://jupix.com 

        https://gotenant.co.uk 

        https://www.arthuronline.co.uk  

         

        ABOUT THE HOST   

        Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     

         

        CONTACT METHOD   

        Kevin McDonnell Facebook   

        Kevin McDonnell website   

        progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

        Michelle Niziol: How to WIN BIG In Property With Apprentice Star15 Jul 201900:45:13

        This is a must-listen episode for any entrepreneur out there who would want to become the best in what he or she wants to do.  

        In this exclusive episode of the Progressive Property Podcast, your host Kevin McDonnell interviews a very special guest. She hosts three different podcasts. She's a sky TV personality, a property investment expert and company CEO, Michelle Niziol.  

        Kevin and Michelle discuss the key things you need to do to become successful in business and entrepreneurship, such as education, good relationships, mentorship and many others.  

        KEY TAKEAWAYS 

        The key things you need to do to become good in properties or a good investor: 

        • Knowledge. This is the most important thing that you need to have if you want to be successful. You need to go to seminars, get trainers to train you on what you want to do so that you can be successful. 
        • Good relationships. When you start doing business with other people, you need to create good working relationships with them and with this, you will become very successful because when you create good working relationships, those people will always want to do business with you.  
        • Mentorship. If you want to be successful in property or in any field as an investor, you need to always have mentors around you to give you advice on what to do about anything or educate you on what’s the best thing that you need to do when you are faced by challenges.  
        • Focusing on your niche area. What you actually want to achieve out of it? So if you are a mortgage broker go to the high level one, if you're wanting to network in the property industry, then go for property-specific networking but more of a high level and try and contact them and try and find out what their niches. 
        • Reinvesting in you. Take time to reinvest in yourself and go and pay for those high training courses and get that knowledge and them come back to the business world and apply that knowledge because by doing this, you will become very successful. 
        • Focus on the service, the education and try to be the best version of you and the money just always come. 
        • If it feels right, go for it. There is no right or wrong advice in property and there's no right or wrong property to buy. 
        • Become an expert in your area. Do the research before investing. 

        BEST MOMENTS 

        • “Success is being able to deliver on a product.” 
        • “A lot of people have a lot of dreams of investing in property, but there isn't really anybody out there that you can go on a lot of courses.” 
        • “Property is a people’s business.” 
        • “Networking is not necessarily about getting business, it's about getting an education.” 
        • “If you better yourself in a job for a company, you will do more for that company to make them more money, but you aren’t investing in yourself to make yourself more money.” 
        • “When you're really passionate about something, whatever you're doing, then that passion really does filter through and people want to be around you. So whatever service you're delivering, they want you to deliver that service.” 
        • “What you need to do when you’re buying for clients is to understand why you’re doing that for them. Most of the time for them is retirement.” 
        • “If you look after the people, everything else just falls into place.” 
        • “Every time somebody asks me, is it a good time to buy? I always say it's never a good time to buy, there'll never be a good time to buy a property. Get on and do it. Just do it.” 
        • “Be in it to win it.” 
        • “There isn't anything bad about property on it.” 

        VALUABLE RESOURCES 

        https://michelleniziol.co.uk/

        ABOUT THE GUEST 

        Michelle Niziol is also a podcast host herself. She owns five property and investment finance-related, independent company. She hosts three different podcasts. She's a sky TV personality. She's a property investment expert in her own right, CEO of some companies, up to lots and lots of different stuff really, really successful. 

        CONTACT METHOD 

        Twitter: https://twitter.com/Michelleniziol

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

        YouTube: https://www.youtube.com/channel/UCza1d7lQgrYHAIvVkQLbj4Q

        Instagram: https://www.instagram.com/michelle_niziol_ltd/

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

         ABOUT THE HOST 

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.      

          CONTACT METHOD 

          https://www.facebook.com/kevinMcDonnellProperty/  

          https://kevinmcdonnell.co.uk/  

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Special Episode: How to Get £1Million Property Portfolio22 Jul 201900:51:34

          If you need help looking for packaged deals and building your portfolio, our guest for today’s episode of the Progressive Property Podcast, Dan Buchan, can help you. Dan, at the young age of 27, has already made a name as a successful property investor and an entrepreneur. Discover how he was able to buy his first house at the age of 19 and was able to grow his property portfolio to over £1million.  

          One of the best takeaways from today was with the right mindset, you’re able to propel your way to the top of the property ladder. Dan also gives detailed tips on how you can start going out and talking to people. Learn what should be your talking points, why should talk property to anyone you know, and how do you seal a deal with someone. If, by chance, you are not confident with your skillset, then start learning today so you can improve them! 

          KEY TAKEAWAYS 

          • Dan Buchan has only 8 years of experience in property, but he has a lot of accomplishments to put on the table. He bought his first house when he was 19.  
          • Property was something he explored because someone suggested that he attend a property course. He went out of curiosity and definitely, that was not the last property course he attended. 
          • Just like any other teens, Dan admits that he spent too much of his money on frivolous stuff before, but what sets him apart from the rest is the entrepreneurial side he has honed just to finance this ‘cool’ lifestyle. 
          • He met his soon to be business partner Jamie York at secondary school. They got into trading and reached six-figure numbers at very young ages. 
          • Dan and Jamie started their major brand, We Sell BMV, dedicate to sourcing Below Market Value residential and commercial properties. The find properties and hunt for investors all over the country. They’ve done over a thousand deals. 
          • To attract more clients, you have to be confident and an expert at what you do. You have to keep in mind that above all, you have to contribute value to other people. Clients can tell if their interests are always given priority. 
          • What is holding you back? Some have difficulty talking to the vendors. Some have a hard time looking for properties… You need to push yourself out of your comfort zone and start developing your skill set. 
          • Dan tries to talk to everyone about property investments because he knows that word travels through the mouth and they could easily tell it to people they know. Dan talks about growing their wealth and financial freedom. 
          • Help them achieve their goals. Ask them, “Where do you want to be and what resources do you have available to achieve that?” instead of saying, “How much money do you have?” 

          BEST MOMENTS 

          • I was doing 3-4 jobs at once because I thought that’s how you get rich.” 
          • “Working out for other people didn’t work for me… I found that the money was spent quicker than it was being used. I never had to do something creative. 
          • “Working for other people didn’t necessarily work for me. It wasn’t making money quick enough. Doing something speculative has some upsides, but it’s one way risky and could’ve easily gone the other way.” 
          • “Believe in the value that you add in other people.” 
          • “In order to be wealthy, I need to be able to push myself and learn how to do these things.” 
          • “Growth only comes when you push at the edge of your comfort zone.” 

          VALUABLE RESOURCES 

          ABOUT THE GUESTS 

          Dan Buchan is a Property Investor, a Speaker, and an Entrepreneur. He is the Director and Co-founder of Aspire Property Group. He also owns We Sell BMV, a market leader in the UK, together with Jamie York. 

          Dan got into property when he started attending alternative classes on property after graduating from the University of York. From then on, he grew his property portfolio and has closed a lot of property deals. 

          ABOUT THE HOST 
          Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.  

          On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. 

          CONTACT METHOD 

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          LIVE Q&A: What Are the Best Property Hacks, How to Find Deals, Optimise Cashflow29 Jul 201900:49:08

          ‘Most people know what they want to do they just don’t have the money to do it,

          ‘No Money Down’ is how you do what you want to do’

          Live at PPN Blackfriars, this Q & A with Kevin and the panel is an opportunity to hear questions from entrepreneurs at the start of their property journey.

          This session is a great way to hear what the challenges are and how they can be overcome with detailed advice from individuals who have done it themselves.

          Property is a people business and a ‘no’ is just the beginning.

           

          KEY TAKEAWAYS

          Overcoming the rejection

          • ‘Go for no’ it's hard but the more ‘no’s’ you get the closer you are to a yes.
          • You should be practising out of the area so that when you approach your preferred agent you are able to interact professionally.
          • You got to know what you are going to say and have ready the answers to possible objections.
          • Using a script can be useful in putting forward a professional persona.

          Working with a business partner

          • You can work smart and hard but in the beginning, finding a joint venture partner can be a positive way to move forward.
          • Someone who has complementary skills will broaden the skillset you can offer and increase the potential opportunities.

          Finding properties

          • You cannot structure a deal unless you know about the person selling.
          • Property is a people business.
          • Build a relationship with the agent and show them you are serious.

          Purchasing with no money down

          • It always depends on what position the seller is in and how good you are at negotiating a deal.
          • Any professional property investor focuses on solving the other person's problem.
          • The concept of ‘No Money Down’ is not a strategy it’s the way you deliver a strategy.
          • ‘No’ is not the end of negotiation it’s the start of a negotiation.
          • Negotiation is a learned skill you have to do it and implement it.
          • At the beginning of your journey It’s not about getting a good deal it's about getting a deal.
          • You’ve got to meet people and communicate face to face to build rapport and achieve a

          RESULT

          • Build Rapport with the homeowner.
          • Empathise with them.
          • Find out their Situation
          • Gain good Understanding
          • You earn or you Learn, you may not secure a deal, but you will learn.
          • You’ve got to put the Time in, whatever it takes.
          • You’ve got to walk into the property with a toolbox of options to solve their problems.

           

          BEST MOMENTS

          ‘I have blown deals because I had a ‘yes’ and turned it to a ‘no’, it’s all part of the journey, part of the learning’

          ‘When I walk into a house I'm thinking how can I solve their problems?’

          ‘I spent years chasing the money and ended up in debt, solve other people’s problems and you will make the money automatically’

           

          VALUABLE RESOURCES

          No Money Down: Property Investing book by Kevin McDonnell

          Go for No book by Richard Fenton 

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

           

          ABOUT THE HOST

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

           

          CONTACT METHOD

          Kevin McDonnell Facebook

          Kevin McDonnell website

           

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Why Mindset Matters22 May 201700:13:42

          Peter talks about his personal journey in property and explains why he believes that mindset is the foundation to everything you do in your property business and life. Why it is important to start thinking big, try to do more and have bigger goals. Why belief in yourself is key and how you can take control of everything in life, having the right mindset.

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          David Kemp: Essential Planning Permission Hacks YOU Need to Know05 Aug 201900:36:26

          The PPP likes to bring you leading experts in their field, new strategies and information that can help you on your property journey. 

          In this episode, Kevin is talking about all things planning with David Kemp a specialist planning consultant. 

          They discuss in detail how to successfully navigate the different sets of rules that require compliance when developing a property and what the council want to know. 

          If you want to understand the best way to get through your planning application process then this is a podcast episode you can't afford to miss. 

            

          KEY TAKEAWAYS 

          • Planning is a process with its own set of rules. 
          • Begin by identifying the strategies that work in your area from a value and investment viewpoint, then look at what boxes you have to tick for planning to get your scheme from point A to point B. 
          • There are different departments within the local authority – planning, environmental, building control, housing team, conservation and there are a different set of rules that each department has to follow. 
          • Developers need to comply with; 
          • Building control 
          • Housing or licencing 
          • Planning 
          • If it is your first development a joint venture can be a valuable way to move forward. 
          • When you are ready to begin;  
          • Gather information on the ground speak to the planning officers, speak to policy officers, local authority and  housing officers 
          • Reach out to the progressive community and ask people what their experiences have been. 
          • Get to know the people you will be dealing with. Building trust and good relationships can make a huge difference. 
          • When you put in a planning application you need to be sure that it is implementable that the planning does not require amending afterwards. 
          • A planning consultant knows will know what needs to be asked of the planning department and can also check the housing rules to see if what the plan shows, ticks the right boxes. 
          • For information about safety and fire regulations, you should be leveraging the experience and knowledge of your architect. 
          • If you go with an application and then have to make changes it delays everything. 
          • Making any changes prior to the plan being submitted in means you are making the best use of time and there is no delay at the council. 

            

          BEST MOMENTS 

          It’s about asking the right questions beforehand’ 

          ‘Having a good relationship with your housing officers makes a huge difference and can possibly provide leads for new deals’ 

          ‘It’s a little bit of a cookie crumb trail, but if you follow the crumbs you will be led to valuable contacts’ 

           

          VALUABLE RESOURCES  

          No Money Down: Property Investing book by Kevin McDonnell  

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

          david@drkplanning.co.uk  

            

          ABOUT THE HOST  

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    

          CONTACT METHOD  

          Kevin McDonnell Facebook  

          Kevin McDonnell website  

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Neville Wright: How I Went From £0 to £100MILLION12 Aug 201900:39:01

          ‘If you keep going on a daily basis you will succeed in the long run’

           In this podcast Neville Wright talks about his journey in retail and property.

          Having started with just 39p Neville along with his wife built a hugely successful retail business and property portfolio and are now multi-millionaires.

          Neville shares his experiences and business wisdom in this engaging podcast that will inspire you whether you are just starting out or already on your business journey. 

           

          KEY TAKEAWAYS

          Starting a business

          • When you are running your own business it’s hard work, but it stops being your job because you are doing what you want to do.
          • If you are beginning in business you must be prepared to learn something new every day.
          • Once you know how to run your business successfully you can expand on it and become the best in your niche.
          • It’s what you are doing that counts and the only competition you have is inside of you.

          How did property come into the equation?

          • I began with window cleaning and said ‘yes’ to everything additional I was asked to do, such as repairs, after 3 months I left the window cleaning behind me and moved across to property maintenance.
          • We used any excess materials to renovate a series of small terrace houses which we purchased, renovated and sold. Each refurbishment was completed in a very short time frame to enable us to move on as quickly as possible.
          • There isn’t a shortcut you have to go up the ladder one step at a time and if you keep going you will succeed.

          Scaling up

          • At that time for every 4 properties completed the fourth was all profit and we grew year by year.
          • Start small, focus on each day, keep reinvesting the money and don’t be afraid to borrow money to grow your business.
          • Debt is personal, it is things that go down in value and that you don’t need.
          • An investment is something that will go up in value, you can work to make more.
          • In property, lots of people think they can come in at a higher level but in reality, they need to come in at a lower point in order to learn about property investment and earn the trust of potential lenders.

           

          BEST MOMENTS

          ‘If you borrow money and use it for the purchase of equipment, it is not debt but an investment’

          ‘If you are in it you must be trying to win it’

          ‘Success can be just around the corner and you must not give up, you must get through the challenges’

          ‘You find a passion and you become the best’

           

          VALUABLE RESOURCES 

          No Money Down: Property Investing book by Kevin McDonnell 

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

          The Answer is Yes Now What is the Question book by Neville Wright

           

          ABOUT THE HOST 

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   

           

          CONTACT METHOD 

          Kevin McDonnell Facebook 

          Kevin McDonnell website 

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          5 Essential Tips When Choosing a Joint Venture Partner19 Aug 201900:31:58

          It’s either the JV partnership flourishes or not—and, what an absolute waste of resources when it didn’t become productive and just fizzles out. 

          In this episode of the Progressive Property Podcast, Dan gives you the 5 essential things to consider when looking for a JV partner. Choosing your JV partner is NOT a child’s game, like pin the tail on the donkey or ring-around-the-rosy. There’s too much at stake when you don’t think carefully and you don’t have your guards up. Discover how you can thoroughly pick the best JV partner in your property business through Dan’s simple steps. There will always be one who’s very compatible with your knowledge, skills, and vision, so never settle!  

          KEY TAKEAWAYS 

          • Work out the real reason you need a JV partner. Are you really in dire need? Or are you just lacking of self-belief? What business are you looking to bring your JV partner on? Make sure that your bringing in the right person. If you don’t want to do it alone, it’s worth considering also to have a mentor who can guide you. Having a JV partner might complicate the situation if you aren’t clear yet of your purpose. 
          • What will each person’s role be? It’s best that you complement each other. Find someone who have the knowledge and skills that you lack. And, who will deal with the day to day issues? If you just want someone who will provide the funds, then being active with the operations is the least to worry about when looking for a JV partner.  
          • Before any agreements, remember to make a list of things you need to agree upfront. A JV Partnership agreement must entail everything each of you must bring to the table. What does your JV partner want? Know what outcome are they looking forward to. Also prepare an exit plan just incase of unforeseen circumstances (e.g. breach of contract, critical illness, etc.) 
          • If you’re looking for a joint venture in property, familiarize yourselves first with PS13/3 regulations. There are only a bunch of people you’re allowed to joint venture with, and PS13/3 has it detailed. 
          • Don’t pick someone just like you. You are not looking for another you, you are looking for someone who can do what you can’t do. Consider taking the Wealth Dynamics Test to gauge if your personalities are compatible. You and your partner can be: a Creator, a Star, a Supporter, a Deal Maker, a Trader, an Accumulator, a Lord, or a Mechanic. 
          • Don’t rush in to picking a JV partner. If you’re picking someone for the long term, test everything out first. It would be a waste of time to know that what you have hope for in the partnership won’t be fruitful. Be clear about their values, not just about the money, the skill, and the knowledge they can offer. 

          BEST MOMENTS 

          • Sometimes, people think they need a JV partner and they go into business with somebody when in hindsight, all they needed was to build some knowledge and gain some belief for themselves.” 
          • “We have the end in mind before we even started, and that’s what’s really important.” 
          • “You are not looking for the best mate to go out with, you are looking for a business partner who brings a different dynamic, a different skillset.” 
          • “Pick the right person to grow the business.” 
          • “It’s not a race; it’s a journey.” 
          • “I made a lot of mistakes in property, but I made them before I got educated.” 

          VALUABLE RESOURCES 

          ABOUT THE HOST 
          Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors.  

          On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s Strategy Workshop and The Property Renovator’s Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. 

          CONTACT METHOD 

           

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          7 Quick Must Know Tips When Choosing a Mortage Broker (SAVE THOUSANDS)26 Aug 201900:16:34

          You don’t want to be missing out on the best deals out there. Sometimes, the best ones can be found with the help of the right mortgage broker. So, why don’t you consider having one?

          In this episode of the Progressive Property Podcast, Kevin helps you find the right mortgage broker for you. He prepared the 7 things one should look at when scouting. There are benefits that you could enjoy if you mind these tips. You could speed up the application, have more free time, get access to direct-only deals, get away from stress brought by stubborn lenders, and lastly, more free time to do other important tasks.

          Start listening. One of these 7 key points might have been missed on your checklist, so make sure you’ve got everything on there.

          KEY TAKEAWAYS

          • ‘A mortgage broker is someone who will review the mortgages available to you based on your personal financial situation and then apply for you in your behalf.’
          • Step 1: Always use the same broker. A broker always asks for the necessary information and documents beforehand. If you keep switching, then a lot of your valuable time is wasted in doing these preparatory steps.
          • Step 2: Make sure they are a whole of market brokers. There are more choices available for you since they got access to the large market. It’s most likely that you’ll able to land on the cheapest deal when you ask for their help.
          • Step 3: Know what you want. What are you looking for? A residential, a buy-to-let, or a commercial mortgage?
            • Commercial mortgage – retail units, buildings and shops
            • Commercial finance – residential house that has been converted for multiple occupation
          • Step 4: Ask for direct-only mortgage options. These might be the best option. Don’t choose a broker who won’t disclose this kind of information to you.
          • Step 5: Consider which type of broker to use. In case you aren’t aware, there are brokers who offer their services online. It might be hassle-free for some to choose this path, but do the nitty-gritty research beforehand. Always ask what fees and commissions does the broker charge before getting into an agreement.
          • Step 6: If you choose a broker, what should they do for you? Aside from finishing the application, make sure they have a solid coordination with the lender/s. The brokers should be responsible for the transactions and updates for the different parties involved.
          • Step 7: The broker should be qualified to give financial advice. Check with Financial Services Register. If you think you received a bad advice, file a complaint with the firm first. If it’s still unresolved, take your complaint to the Financial Services Register.

          BEST MOMENTS                 

          • “By staying with the same broker, you mitigate the risk of different information being put forward to the lenders.”
          • If they’re not a whole of market lender, then don’t use them as they won’t be able to get you the best product.”
          • “Brokers have no obligation to tell you about these direct-only mortgage deals so you need to ask them about them.”
          • “You get what you pay for; cheap does that necessarily mean valuable.”

          VALUABLE RESOURCES

          ABOUT THE HOST
          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   

          CONTACT METHOD 

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Section 24: Everything You Need to Know01 Sep 201900:26:19

          Ever wondered what the Section 24 law means for Property investors? Well, in today’s episode of The Progressive Property Podcast there’s no need to wonder as your host, Kevin McDonnell tells us everything you need to know about the 4-stage law affecting Property investor's mortgages. Discover the pros, cons, costs, and how you can save money by moving your properties over to a Limited company rather than keeping them in your personal name. Tune in today to save money and keep up to date with the property law affecting your investment portfolio.

           

          KEY TAKEAWAYS.

          • Section 24 law, means that you are no longer able to claim mortgage interest or any other type of property finance as a tax-deductible expense in your property business if you own properties in your personal name.
          • Instead, rental profit will be taxed with the maximum deductions for finance cost of 20% of the basic tax rate, phased in between 2017-2021.
          • There are the 4 phases of the section 24 law.
          • Stage 1 was from the 6th April 2017 tax year, where the higher rate tax relief can still be claimed on the first 75% of your mortgage interest cost. The remaining 25% will have a basic rate of tax relief applied.
          • Stage 2 phased in from 6th April 2018 and that amount of tax relief can be claimed and the amount of tax relief you can claim at the higher rate will drop to 50% of your mortgage interest cost, the remaining will be taxed at the basic rate.
          • Stage 3, higher rate tax relief for this financial year can only be applied to 25 % of your mortgage interest cost.
          • Stage 4-April 2021 means you will only be able to claim tax relief at the basic level of 20%.
          • For those who do own property in their own name, it poses a potentially big problem.
          • It is important to remember that each person will face different issues depending on their own personal situation. This can vary between the location of the properties, how many properties you own and the mortgages you hold on each property.
          • It may be valuable, to transfer the properties that are owned in your personal name over to a limited company. Currently, section 24 does not affect properties under Limited companies.
          • If you have a small mortgage with a good profit, you might not want to do anything.
          • However if you have properties in your name, and mortgages on them there is a chance you may see a big rise in your tax bill.
          • It is advisable to seek professional advice from a property tax specialist. Your accountant/property tax specialist will be able to tell you how much higher your bill will be, and if there are ways to minimize it.
          • Consider your medium to long term plans. If you are looking to sell within the next few years, it may not be advisable to transfer properties into a limited company.
          • If you plan to pay down the mortgage soon, it may be advisable to keep them in your name. Section 24 does not affect those with no mortgages, it only affects the mortgage interest.
          • If you plan to refinance and take out more finance on your properties then maybe you should look at moving the properties into a limited company so that you get a more beneficial tax advantage.
          • If you decide it is the right decision to transfer your properties over to a limited company, there are certain steps you need to take.

          1) Have a limited company. You may already have one or you may need to make one. An important thing to note is that to be able to hold properties in a limited company, the properties must be owned by more than 1 person.

          2) Note the pros and cons in terms of costs. If you move your properties into a limited company, this enables you to defer your capital gains tax under incorporation relief.  However, if you were to sell the properties eventually, you will have to pay capital gains.

          3)You need to think about the type of mortgage you have. You may need to redeem your mortgages, however, some companies that lend personally, do not lend to limited companies. Mortgages for limited companies also tend to be higher. There may also be penalties for those on fixed-rate mortgages.

          4) Consider future possibilities. Perhaps the government will decide to reverse their decision to introduce section 24. Will the cost of transferring to a limited company such as mortgage costs and legal costs. Could you pay all this, for the government to reverse their decision? Also valuable to consider the repercussions of transferring to an LTD company, when it comes to selling the property.

          -What to do about any future property purchases? Simply put, Always buy under a limited company as section 24 does not currently affect this.

          - Seek opportunities and look for ways to help people, and perhaps make some profit from them. If a person decides to sell all their properties, they are only entitled to defer X amount of capital gains (£12,000 per person per 2019 financial year- this differs each year). If you are able to secure a deal to purchase each of their properties individually each financial year, this could save them money in capital gains.

          - To summarise, seek professional advice in terms of your personal situation. It may be valuable for you to stick with your current situation and continue having the properties in your name, however, it could also be a benefit to have your properties transferred into a Limited company.

           

          BEST MOMENTS.

          “If you have a small mortgage with a good profit, you might not want to do anything”

          “if you do have properties in your name and have mortgages on them, then it is very possible that you will see a significant rise in your tax bill. “

          “If you own property in your own name and have no mortgage on them,  then section 24 will not make any difference to tax that you pay on your business.”

          “You could end up doing all this, only for the government to turn around and reverse their decision”

          “Is there an opportunity to take advantage of those who own in their personal name? Absolutely!”

           

          VALUABLE RESOURCES:

          https://www.upad.co.uk/landlord-calculators/section-24-tax-calculator

           

          ABOUT THE HOST

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

          CONTACT METHOD

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          8 Essential Tips to Build A Property Business Whilst in a Job09 Sep 201900:34:41

          There’s no need to quit your full-time job if you want to start your property business today.  

          You’ve got so much time—that you may not know of—which we could use to finally realise that business idea. If there are 168 hours per week and assuming you consume 40 hours with work and 56 hours with sleep, then you’ve got free 72 hours weekly.  

          In this episode, Kevin gives the 8 essential tips on how you can optimise your precious time. You can even do some of your tasks while at the office, while commuting, or while doing some chores.  

          There’s really no reason anymore to make an excuse. Put in that determination and action, everything else will follow. Start tuning in today to the Progressive Property Podcast to learn more. 

          KEY TAKEAWAYS 

          • Tip #1: Time Management. Commit to one task a day. There are 365 days in a year. That’s a lot of time to grow your business. You can even do the smallest on your busy days and use the weekends for the time-consuming ones. 
          • Tip #2: Go to work early, leave work late. In this way, you can beat the traffic. We can use the time you spend on the road on something more important while you’re at the office waiting.  
          • Tip #3: Listen to podcasts. It’s efficient if we learn about property during our downtime or doing household chores or on our drive home, as long as listening won’t put you in any harm.  
          • Tip #4: Use your break time to build your network and schedule your tasks. Call letting agents, book a viewing. 
          • Tip #5: Could you reduce your hours? Loot at you company policy. There are companies who allow 3-day weekends. But this only applies when you haven’t exhausted all your free time available. 
          • Tip #6: Look for joint venture (JV) partners. Find someone who’s on the same journey as you but have different skillset from you. In this way, it’s easier to split tasks.  
          • Tip #7: Attend as many property networking events. As you learn, you also grow your network. You meet people that will support you in your journey through these property events. Prepare an elevator pitch. 
          • Tip #8: Outsource. Get a virtual assistant, a marketing personnel, or whoever you need to do your some of your tasks. 

          BEST MOMENTS 

          • "You have 168 hours a week, I got 168 hours a week. It’s what we do with those hours that is important.” 
          • “Make the most use of your free time.” 
          • “Your network is your net worth.” 

          ABOUT THE HOST 
          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    

          CONTACT METHOD  

           

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          New Council Tax Bandings Spells Trouble For HMOs16 Sep 201900:20:16

          If you’re thinking of investing in HMO or converting your current single-let property you need to know this. 

          New council tax banding could be affecting your HMO profitability. If you’re investing in HMO’s or looking to increase your profit margins by converting your single-let, be sure to listen to this episode of The Progressive first. Kevin dives into detail on how local councils are charging tax by the room on some HMO’s, why it’s happening and how you can avoid it. If you want to stay up to date with the most recent property laws and increase your profitibability this episode is for you.  

           

          KEY TAKEAWAYS. 

          • Up until recently, the council have always charged one council tax bill per property (HMO) however it could soon be that local councils charge council tax per the room. This would make a significant difference to the profitability of the HMO property.  
          • A lot of landlords have invested in HMO rental properties as a way of maximising profitability from a single unit. The way this has been done is by taking a single tenancy unit and converting it into multiple self-contained units that include bedrooms with an en-suite and kitchenette facilities, however, to further increase profitability landlords have opted for a shared kitchen and living facilities for all tenants and as a result, some local council authorities have deemed this as chargeable for multi council tax bills. This drastically affects the profitability of HMO investments. 

           

          • The process works whereby the council will inform the VOA (Valuation’s Office) that and the VOA will place a banding or multi council tax bands on the property as a result of the multi-tenants occupying the self-contained unit. Depending on the ruling this can wipe out the profit from the property for the landlord all together.  
          • The reason this change to HMO council bands is coming is due to local council budget cuts and councils are now looking at the regulation of self-contained building with multiple occupants differently. For councils, landlords are an easy target.  
          • The council is now looking at HMO’s differently and re-evaluating the status of what is classed as a self-contained unit. One way to try and avoid this new banding is to convert the property with some en-suites but also with a communal bathroom and communal kitchen. The property needs to be habitable by both family and individuals.  

           

          • What does self-contained mean? The term is not directly set in legislation, it is in actual fact set by case law. As a landlord, you need to speak to the VOA if you have any queries, especially if you are looking to convert a property. You are also able to appeal a council tax banding here: gov.uk/council-tax-appeals and challenge your council tax banding. 
          • HMO properties are normally let ‘all bills included’ basis and therefore as a landlord, you cannot apply for the 25% council tax discount.  
          • There are four things that the council look at when determining the rate for that room these are: Is the property, Beneficial, Exclusive, Actual and Non-Transient. 
          • There are a few things as a landlord you can do to avoid multiple council tax charges for your HMO. This includes not having locks on the bedroom doors, ensuites and kitchenettes and more critically If having all of the tenants on one tenancy agreement rather than individual tenancy agreements. 

           

          BEST MOMENTS. 

          “Councils are not just charging tax by the room, they’re giving it the highest band (A)” 

          “Councils are trying to charge landlords by the room to get more money in.” 

          “Some landlords have had council’s charge them council tax by the room, just because they have locks on the doors, even when the room doesn’t have it’s own bathroom or kitchenette.“ 

          “We’re stuck in the middle of only some HMO’s being charged council tax per room” 

          “You can’t just put your rent up and make the tenant pay. They’ll just leave and go to the competition down the road” 

           

          VALUABLE RESOURCES
          gov.uk/council-tax-appeals  

           

          ABOUT THE HOST 

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    

          CONTACT METHOD  

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Pierre-Yves Gerbeau: How I Save Failing Businesses23 Sep 201900:54:52

          If you’re looking to start a business or simply discover how to grow your existing venture today’s guest has some important insights from the former manager of the Millenium dome, Pierre-Yves. Kevin and Pierre-Yves discuss in detail the things you need to do and the traits you need to have for you to succeed in your business. You need to know your product, finances and the business model inside out and they go on to share with you the principles you need to learn to make your business profitable.

          KEY TAKEAWAYS

          • Does playing professional sports helps you in the transition to business? It helps daily. Managing pressure, manager of stress, manager of success, manager of failure, how you reinvent yourself, how you inspire people in crisis. Management of being able to handle and strive under pressure is quite crucial in the property business.
          • If you ever want to be successful in business, look at the product and say, "Can I reinvent this product? Can I reposition it?" If it's yes, you do it.
          • Then look at the finances, business model. Can I again raise equity, raise debt, can I reinvent the business model, improve the profitability of the business? If yes, then do it and you will be successful.
          • And then last but not least, people, who are the people managing the business? Can I inspire them to do differently as a kind of followers with our credit management style? If it's a yes, then go ahead and do the business because you will succeed.
          • The principle of finance, the principle of good accounting, the principle of making sure you have the skills to do it and surrounding yourself with the right people, it's the same for a small business or major corporation. Do not be shaken by people who are handling multi-million businesses because they are using the same principles you are using in your small business. Keep focused and following those principles and one day you will be like them.
          • When you're in trouble, if you don't bring stamina, energy and positive attitude, you're going to struggle and having a very strong sense of humour because you're going to have dark days, you're going to have days you want to give up and if you have a good laughs at days, you're going to be alright.
          • Your best asset is the people in the business and the most important people, the frontline staff, the guys who are serving the food, who are cleaning the floor, if they’re not fitting an integral part in business, you're going to fail.
          • A good entrepreneur is a matchbox. And the matches come in scratch and then shine, and then they go away somewhere else. I think that the responsibility to entrepreneur is not only legacy and building replacement, but it's also allowing others to be able to shine and to develop, and then goes somewhere else and find themselves in other places, being CEO’s, Chairman position and they're going to help you and proudly invest in your business saying that this is the guy that allowed me to be here.
          • The golden rule in any business. If the business plan or the business model is not right and the people are not right, just don’t get involved.
          • For you to succeed in business, you need to be very adaptable and be reactive because preferences are changing regularly as the generations change. The role of a good leader is to be able to predict, to be able to anticipate.
          • Advice to people who are starting a business, small is beautiful, it's not about getting big, is again, it's being successful on your own, and then few if you want to grow, make sure you surround yourself with the right people and it's all about going big, step by step and make sure you got around you people who are going to support you, embrace you and drive this thing forward with you and take them with you for a long time.
          • It is crucial for anybody starting a business to find one or two mentors. Somebody you can trust, somebody who believes in you, somebody who embraces you, somebody, that kick your ass when it's needed for you to grow.

           

          BEST MOMENTS

          • “You’re as good as your last one.”
          • “Principles are the same for a small business or major corporation.”
          • "If you're going to carry responsibilities, and you're going to be the captain of the team, you got to lead by example, it's not doing what I say not what I do, it doesn't work that way.”
          • “Property is not about buying houses, the property is about people.”
          • “As a property owner, if you’re not able to attract the right attitude towards the entire network of your tenants or your business partner, you're just going to fail. “
          • “The more I practice, the luckier I get.”
          • “Key values, loyalty, honesty, ethics, that's all we ask from people.”
          • “When you are at the helm of something big, you got all the fair-weather friends that come out.”
          • “Entrepreneurs or leaders are never on the job, they’re on a mission.”
          • “It’s fine to have an ego because you need that confidence because if you're shaky, people won't follow you.”

          VALUABLE RESOURCES

          ABOUT THE GUEST

          The charismatic Frenchman, Pierre-Yves Gerbeau certainly has a highly successful CV and the ability to bring a little sparkle to any boardroom, with an approach which made him a mini-celebrity during his time in charge of the Millennium Dome, now better known as the O2 Arena, with the tabloid press nicknaming him 'The Gerbil'. He was also a hockey player for about eight years.

          ABOUT THE HOST

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    

          CONTACT METHOD

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          LIVE Ask me Anything on All Things Property30 Sep 201900:45:04

          Kevin answers burning questions from the Progressive Property Community in a Live Q&A. Discover how to secure commercial development, the most effective way to rent out your SA units and how to structure your very first JV partnership. Tune in today to hear the expert answers.  

          KEY TAKEAWAYS 

          Kevin offers his knowledge to the public in a facebook live, here's the questions he was asked.  

          Q: What is the best way to go about securing commercial development funding? 

           

          A: The best way to secure commercial development funding, and avoid risk is to do joint venture (JV).  On a commercial funding you can possibly borrow up to 60-70% of the purchase price and then borrow up to 100% of the development money. The challenge is finding the 30-40 percent deposit. Often the money is already tied within the building. A good idea is entering into a joint venture with the building owner. This way you could work together with the owner and not have to put in any of your own money. You would then approach a development lender who would lend you 100% of the development against the building, allowing you to do the development together. This could allow you to make a profit without putting in any money. You could also try actively searching for commercial developers or joint venture investors on social media platforms. A key bit of advice is don’t find the deal before having the money ready! 

           

          Q: I’m thinking of rent to SA (serviced accommodation) in flats most seem to be leasehold in your experience is there any success with agreeing this with the leaseholder? 

           

          A: Most people when they are doing rent to SA (serviced accommodation) think to do it on flats. However, please remember not to rule out other options such as, semi detached houses, terraced houses and larger properties. However, if you are doing them on a flat your challenge is getting permission. Whilst you may gain permission from the letting agent, and then from the landlord. You need to ensure you also get permission from the freeholder if the property has one. These are the people that can have the final say on whether or not they are allowed in that particular building. They may simply give you permission, or they may give you permission with some terms and conditions such as a yearly fee. Alternative options, are houses that have been split up into separate flats or rooms, as they do not have a freeholder, the lease usually does not mention not being able to short term lease the property.  

           

          Q: I am looking to buy a business we are thinking about asking the vendor to finance us in some capacity. How do we broach this subject with them? Would putting the business into a limited company and them having shares be a good option?  

           

          A: Yes, that is one good way of doing it. You could get the person to leave some shares in their company, so they keep their shares and then pay them out at a later date. A good idea would be to find out what the seller is going to do with the money they will earn from the sale of their business. If they have no plans other than to place it in the bank then you could suggest they leave the money in the business and you come to some agreement with what they will gain from that. Perhaps they keep a large portion of the money in the company, and you give them monthly interest on their money and then a balloon payment of the remainder in a few years time.  This option,  along with having the seller keep some shares in their company are the best legal options.  

           

          Q: How do you approach a JV partnership when looking for JV partner with money? How do you the partnership and the structure the contact? I am starting out and I am looking for partners with the cash, what are the next steps? 

           

          A: Some key advice here, is to go after investors with larger money to spend, The key fact here is not to pedestalize the investors money. Investors with large amounts of money to lend to you will end up pedestalizing their time and not their money. If you keep the focus on how much you need their money, you run the risk of coming across as desperate and this could deter potential investors. They are investing in you as a person and not just a developer. Show them you have the knowledge and credibility to be able to turn their investment into a profit by showing them how committed and trustworthy. Your job should be focusing on showing them how they can save a huge amount of time by investing with you, show them your skill set and everything you have to offer for them.  

           

          Secondly, do what is best for your investor. Ask them “what is most important to you with working with me?” If you’re able to solve the answer to that question, then they will want to work with you. Tailor your expertise to what they want to do with their money. If the client would like you to focus on HMO (house of multiple occupancy) for example, then keep that as your main focus.  

           

          Q: What is the best no money down strategy to start with?  

           

          A: The best no money down strategy should be marketing. You cannot do anything, unless you are marketing yourself and have people contacting you with leads that will potentially turn into a deal. When you pick up these deals, it is then about using the right no money down tool to make the right decision on the use for that building and securing the profit for that building.  

           

           Q: What are your top tips for finding your goldmine area please? 

           

          A: Your goldmine area, is where you live. People I meet that don’t succeed in property always think the grass is greener somewhere else, they try to succeed in parts of the country they do not know enough about. They end up travelling up and down the country to find another area.  

          The whole point of being in business for yourself is to get your time back and stop living someone else's dream. Spending time up and down the country looking for other property investment opportunities will create less free time for yourself trying to create a property dream that could have been done on your own doorstep. We ignore our own doorstep. Find what works in your local area, and do it well. An example of this, is knowing the lower socioeconomic area of your town. This could have a potentially bigger profit margin if the people in that area are usually in the mindset of being tennents for life. The way they treat the property and the regular source of income they provide for you could be more suitable than investing in an area with a higher socioeconomic background, as the people in this area could potentially be using your home as a stop gap. Therefore the reliance of occupancy may not be as high. To summarise, do some research on your own local areas, find out which options best suit you and what you’re looking for and use this research to create your goldmine.  

           

          Q: Where do you find investors? 

           

          A: They are everywhere. Look around you, you need to put yourself out there and make yourself at risk for people lending you money. If you are at home and not telling people you’re looking for investors it will never happen. Attend business networking events as well as property networking events. Make sure you have your property beacon on everywhere. Update your social media profiles, let people know that you are looking for investment.  

           

          BEST MOMENTS 

          Your goldmine area, is where you live” 

          “what is most important to you with working with me?” 

           

          “Make sure you have your property beacon on everywhere” 

           

          ABOUT THE HOST 

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   

          CONTACT METHOD 

           

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Ask me Anything on Property, Commercial, Serviced Accommodation & Rising Finance07 Oct 201900:47:35

          Kevin answers burning questions from the Progressive Property Community in a Live Q&A. Discover how to secure commercial development, the most effective way to rent out your SA units and how to structure your very first JV partnership. Tune in today to hear the expert answers.

          KEY TAKEAWAYS

          Kevin offers his knowledge to the public in a facebook live, here's the questions he was asked.

          Q: What is the best way to go about securing commercial development funding?

           

          A: The best way to secure commercial development funding, and avoid risk is to do joint venture (JV).  On a commercial funding you can possibly borrow up to 60-70% of the purchase price and then borrow up to 100% of the development money. The challenge is finding the 30-40 percent deposit. Often the money is already tied within the building. A good idea is entering into a joint venture with the building owner. This way you could work together with the owner and not have to put in any of your own money. You would then approach a development lender who would lend you 100% of the development against the building, allowing you to do the development together. This could allow you to make a profit without putting in any money. You could also try actively searching for commercial developers or joint venture investors on social media platforms. A key bit of advice is don’t find the deal before having the money ready!

           

          Q: I’m thinking of rent to SA (serviced accommodation) in flats most seem to be leasehold in your experience is there any success with agreeing this with the leaseholder?

           

          A: Most people when they are doing rent to SA (serviced accommodation) think to do it on flats. However, please remember not to rule out other options such as, semi detached houses, terraced houses and larger properties. However, if you are doing them on a flat your challenge is getting permission. Whilst you may gain permission from the letting agent, and then from the landlord. You need to ensure you also get permission from the freeholder if the property has one. These are the people that can have the final say on whether or not they are allowed in that particular building. They may simply give you permission, or they may give you permission with some terms and conditions such as a yearly fee. Alternative options, are houses that have been split up into separate flats or rooms, as they do not have a freeholder, the lease usually does not mention not being able to short term lease the property.

           

          Q: I am looking to buy a business we are thinking about asking the vendor to finance us in some capacity. How do we broach this subject with them? Would putting the business into a limited company and them having shares be a good option?

           

          A: Yes, that is one good way of doing it. You could get the person to leave some shares in their company, so they keep their shares and then pay them out at a later date. A good idea would be to find out what the seller is going to do with the money they will earn from the sale of their business. If they have no plans other than to place it in the bank then you could suggest they leave the money in the business and you come to some agreement with what they will gain from that. Perhaps they keep a large portion of the money in the company, and you give them monthly interest on their money and then a balloon payment of the remainder in a few years time.  This option,  along with having the seller keep some shares in their company are the best legal options.

           

          Q: How do you approach a JV partnership when looking for JV partner with money? How do you the partnership and the structure the contact? I am starting out and I am looking for partners with the cash, what are the next steps?

           

          A: Some key advice here, is to go after investors with larger money to spend, The key fact here is not to pedestalize the investors money. Investors with large amounts of money to lend to you will end up pedestalizing their time and not their money. If you keep the focus on how much you need their money, you run the risk of coming across as desperate and this could deter potential investors. They are investing in you as a person and not just a developer. Show them you have the knowledge and credibility to be able to turn their investment into a profit by showing them how committed and trustworthy. Your job should be focusing on showing them how they can save a huge amount of time by investing with you, show them your skill set and everything you have to offer for them.

           

          Secondly, do what is best for your investor. Ask them “what is most important to you with working with me?” If you’re able to solve the answer to that question, then they will want to work with you. Tailor your expertise to what they want to do with their money. If the client would like you to focus on HMO (house of multiple occupancy) for example, then keep that as your main focus.

           

          Q: What is the best no money down strategy to start with?

           

          A: The best no money down strategy should be marketing. You cannot do anything, unless you are marketing yourself and have people contacting you with leads that will potentially turn into a deal. When you pick up these deals, it is then about using the right no money down tool to make the right decision on the use for that building and securing the profit for that building.

           

           Q: What are your top tips for finding your goldmine area please?

           

          A: Your goldmine area, is where you live. People I meet that don’t succeed in property always think the grass is greener somewhere else, they try to succeed in parts of the country they do not know enough about. They end up travelling up and down the country to find another area.

          The whole point of being in business for yourself is to get your time back and stop living someone else's dream. Spending time up and down the country looking for other property investment opportunities will create less free time for yourself trying to create a property dream that could have been done on your own doorstep. We ignore our own doorstep. Find what works in your local area, and do it well. An example of this, is knowing the lower socioeconomic area of your town. This could have a potentially bigger profit margin if the people in that area are usually in the mindset of being tennents for life. The way they treat the property and the regular source of income they provide for you could be more suitable than investing in an area with a higher socioeconomic background, as the people in this area could potentially be using your home as a stop gap. Therefore the reliance of occupancy may not be as high. To summarise, do some research on your own local areas, find out which options best suit you and what you’re looking for and use this research to create your goldmine.

           

          Q: Where do you find investors?

           

          A: They are everywhere. Look around you, you need to put yourself out there and make yourself at risk for people lending you money. If you are at home and not telling people you’re looking for investors it will never happen. Attend business networking events as well as property networking events. Make sure you have your property beacon on everywhere. Update your social media profiles, let people know that you are looking for investment.

           

          BEST MOMENTS

          Your goldmine area, is where you live”

          “what is most important to you with working with me?”

           

          “Make sure you have your property beacon on everywhere”

           

          ABOUT THE HOST

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. 

          CONTACT METHOD

           

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Embrace Risk In Your Property Journey, Don't Live Life Risk Free05 Jun 201700:36:00

          On this episode, Peter talks about risk in property. What is risk and what we know or think about risk. Why there are different definitions about risk, how risk depends on the circumstances, why it is influenced by our strategy, and why sometimes risks are not real. Why you need to be prepeared to take some risk in property, how to measure it, how to think about the possible outcome and probabilities, and manage it.

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Mark Homer: How to Scale Up Your Property Business14 Oct 201901:09:16

          DESCRIPTION 

          In this episode of the Progressive Property Podcast, learn how Progressive co-founder Mark Homer started and grew his own property business, Progressive Property. From his bedroom alone buying single-lets to a company who has now more than tens of thousands of members, Mark’s journey is something to hear about. 

          Just like other businesses, Mark and his partner Rob Moore face challenges. Unforeseen encounters are likely to happen no matter what preparations you put in place. Learning, re-evaluating, and tweaking the system when necessary can make the tasks and processes run as smoothly as possible. Progressive Property grew before our own eyes and is now one of the established property investment companies in the UK. Learn more today how they did it so you can do it also, even on your own, when you listen in.  

          KEY TAKEAWAYS 

          • How important are systems and processes in a property business? It’s difficult to find the best model that will work for your business. So, at the beginning, it’s advisable not to overthink about this—just go with it and you’ll see what the perfect system is for your business as you go along. 
          • Should you own your investment property personally or via a limited company? Mark says to be careful of the high taxes that will be incurred. Consider how small or how big your portfolio is before deciding what’s suited for you. It’s best to ask your accountant or financial adviser. 
          • It’s the planning consultant you approach first, not your architect. You can get more units, prevent inflated prices, and have more interested vendors when the design, which can become inflexible or inefficient for some, is already placed. 
          • Tips on finding the right builder: 
          • Go around the site, look for buildings of the same standards you want, then ask who the builder is.  
          • Take lots of pictures that you can show the project manager. 
          • What are the core things you need to consider when you build systems in a property business? 
          • Establish good relationships (partnerships, teamwork, customer service, etc.) 
          • Be flexible. 
          • Testing in different environments. 
          •  Who inspires your business in a daily basis? Warren Buffet and Charlie Munger 

          BEST MOMENTS   

          • "You need to find the right person for the job. 
          • “Test them for 3-6 months working with them reasonably to see how your personalities fit.” 
          • “There is a risk in responsibility.” 

          VALUABLE RESOURCES 

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Kevin Whelan: How to Use Your Pension to Invest in Property!21 Oct 201900:36:41

          ‘It’s not for everybody it’s for entrepreneurs – people who are willing to take responsibility for the money that they’ve accumulated in the past. They turn their pension  into a business’

          Following a massively successful live event at Progressive, Kevin McDonald and Kevin Whelan from Wealth Builders have moved straight into the studio to share on the Progressive Property Facebook page and the Progressive Property Podcast how a SSAS can give you the freedom and flexibility to make decisions for yourself in order to grow the investments you chose to invest in.

          Most people in the UK have some sort of pension and in this episode, you can find out how to grow your pension using a SSAS, it’s a powerful thing, listen in and find out why and how.

           

          KEY TAKEAWAYS

          Small - Up to eleven people this means more leverage

          Self-Administered - You are making your own decisions about where you want to invest your money providing it is within HMRC rules.

          Scheme  - Another word for pension, in law scheme, means pension.

          SSAS - Small Self-Administered Scheme is a pension scheme that is run by business owners to make decisions for themselves in order to grow that as large as they care to in investments that they chose to invest in for themselves subject to some basic rules

          Rules

          There are only 2 things you can’t do

          -       buy personal assets such as a car, anything you get a personal gain from.

          -        buy habitable residential property – you can’t buy something you could live in yourself such as the home you live in or the typical buy to let property.

           

          There are 2 types of property - Habitable residential property and exempt residential property. Properties which are exempt include guest houses, hotels, pubs and student halls of residence.

          ‘B’ for the buying strategy

          You use your pension itself to directly buy assets and if you buy it with the pension, the pension grows, because the rental money is within the pension while it’s growing its income tax-free, corporation tax-free capital gains tax and inheritance tax-free

          ‘B’ for the borrowing strategy

           up to half of the pension can be loaned to the company to help the business making it outside of the pension.

          For people who want to grow their wealth outside of their pension, their pension can help them to do that also.

          ‘B’ for  the bridge strategy

          You could be a property investor but borrow money from other people and if you have a SSAS of your own you can lend money to other people as a bridge strategy.

          Bridging money is money going away from you the borrowing strategy is money coming back to you.

          Whenever you are investing money there are 2 important things – if you need advice get good advice and make sure you do due diligence.

          A SSAS is a potential way of combining disenfranchised and forgotten pension pots.

          It’s been mostly the domain of companies previously but following the introduction of section 24 ( the new law where if you own property in your personal name by 2021 the entire amount of rentable income will be taxed), there has been a tidal way of SSAS pensions from people who are property wise.

          SIP and SSAS?

          SIPP is a Self-Invested Personal Pension. It’s one person not up to 11 people, a SIPP is a product it’s not a business. You buy a SIPP of the shelf and it’s the professional who is the trustee so you have to go with what they allow you to do.

          Anything you want to do in a SIPP can be done in an SSAS plus more.

          Only a SSAS gives you the freedom and flexibility to make the decisions that you would want to make.

            

          BEST MOMENTS

          ‘This whole tidal wave of SSAS pensions is coming from people who are property wise’

          ‘20 billion pounds in pensions is just laying around forgotten’

          ‘When you bring in your children as trustees you can teach them, educating them on finance and property’

           

          VALUABLE RESOURCES 

          No Money Down Property Investing book by Kevin McDonnell 

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

          hello@wealthbuilders.co.uk 

           

          ABOUT THE HOST 

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   

          CONTACT METHOD 

          Kevin McDonnell Facebook 

          Kevin McDonnell website 

          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          Khadija Kalifa: Apprentice Finalist, Business Coach & Mumpreneur29 Oct 201900:56:37

          Kevin joins forces with Business & Lifestyle Coach, Mumpreneur & BBC Apprentice Finalist, Khadija Kalifa to discuss their journeys to success. Kevin and Khadija dive into their humble beginnings and share learnings from how they got started in business and in property. Learn key lessons on how to start, grow and scale your property business and why starting out with nothing and getting creative and lead to huge opportunity.

           

          KEY TAKEAWAYS

          • You need to just get out there and immerse yourself in the property world. Make sure you attend events, read books and listen to podcasts in order to educate yourself. Starting out in property is just like starting out a new job, you need to listen, learn and watch what’s going on and follow those that have done it before you. Most importantly, you need to get out there and meet people, find joint venture partners and opportunities for property investing.

          • Don’t listen to BREXIT no one knows what’s going to happen there is a lot of uncertainty, but one thing is certain, people are always going to need properties and houses to live in. The population of the UK is growing every year and each year we do not have enough housing accommodation.

          • In order to be successful, you need to surround yourself with mentors, coaches, peers and like-minded people. Fill your room with a power team of people that can help push you forward. Surround yourself with people who are smarter than you. You can’t learn everything so leverage others knowledge and expertise.

          • Lots of investors are selling properties due section 24 and new taxations on mortgages why? Because investors own properties in their own names. This provides you with an opportunity to purchase properties at a lower value as part of a limited company. 

           

          BEST MOMENTS

          Kevin “I got lucky that I lost so much money it became physically impossible to just get a job and get out of debt”

          Kevin  “I learnt No Money Down property strategies because I had no money, I had to get creative”

          Kevin  “Comfort is more dangerous than debt”

          Khadija “My business is called Opal & Pearl after mine and my daughter’s birthstones”

          Khadija “It took me 3 years to reach 35 employees”

          Khadija  “It’s better to get a project done than to wait for it to be perfect”

          Khadija I started a cleaning business without knowing anything about cleaning, I just Googled it”

          Kevin “While others are fearful you need to be greedy”



          VALUABLE RESOURCES 

          https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 

          https://www.youtube.com/watch?v=o8TZdualhcw 

          https://robmoore.com/ 

           

          ABOUT THE HOST

          Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

           

          CONTACT METHOD

          https://www.facebook.com/kevinMcDonnellProperty/

          https://kevinmcdonnell.co.uk/

          http://progressiveproperty.co.uk/

           

          ABOUT THE GUEST

          BBC Apprentice finalist and busy Mumpreneur, Khadija is on a mission to build an empire whilst raising two children, inspiring others to make their passion their profession. Khadija speaks openly about how she grew up in an underprivileged area, turned her daughter’s birth trauma into a motivational story, and became a BBC Apprentice finalist, successful business mentor, motivational speaker, property investor and podcast host.

           

          CONTACT METHOD

          Www.keepitrealwithkhadija.com
          Www.facebook.com/keepitrealwithkhadija
          Email: keepitrealwithkhadija@gmail.com / info@keepitrealwithkhadija.com
          Khadija Kalifa Instagram
          Khadija Kalifa Twitter




          progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

          © My Podcast Data