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https://www.progressiveproperty.co.uk/raf/ Sean interviews previous host Kevin McDonnell. Kevin shares his journey from a farm in rural Ireland to becoming a multi-millionaire property investor. He reveals his painful mistakes buying off-plan properties abroad that left him £100,000+ in debt and how he transformed his life through property strategies like rent-2-rent. If you haven’t heard Kev’s story already, this episode will leave you inspired and informed. If you’d like to learn more from Kevin, he has written multiple books on property investing, including No Money Down Property Investing and Multiple Streams of Property Income. KEY TAKEAWAYS Kevin began with zero property knowledge, making mistakes by investing in off-plan properties in Europe that put him over £100,000 in debt, this is why proper education before investing is crucial. After hitting rock bottom at age 35, living in a shared house and in debt, Kevin discovered rent-2-rent and deal packaging strategies that allowed him to become debt-free without needing significant capital. By moving into his first rent-to-rent property and subletting the other rooms, Kevin eliminated his own housing costs while simultaneously generating income to service his debt. Kevin emphasises that mindset and environment are critical success factors; surrounding yourself with positive, like-minded people creates opportunities that reading books alone cannot provide. From his initial failures, Kevin built an 18+ million pound portfolio with over 100 properties, 18 businesses, and several bestselling books, demonstrating the power of consistent action. Kevin's success formula is to believe in yourself and take the first step, surround yourself with like-minded people who share your vision and take massive action without fear of rejection. BEST MOMENTS "I realised that property was the thing that put me in debt. But actually, the only thing that could get me outta debt was property." "Most people don't wanna change. They're full-time in a job, and they're building their boss's dream. But if you put as much effort into yourself as you do into building your boss's dream, you'd become successful." "If you've read my book three times and it's not made you a millionaire, reading it a fourth time's not gonna make any difference. But maybe working with the guy who wrote it would." "I'm not trying to buy a hundred houses. I never did. I just wanted to buy one. I now own over a hundred, but I only ever started to buy one." VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.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/
FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD In this episode of the Progressive Property Podcast, Kevin McDonnell interviews Disruptive Entrepreneur and Progressive Property Co-founder, Rob Moore. Tune in today to hear them discuss the UK’s biggest property event of the year, what you’ll learn and why you should attend. KEY TAKEAWAYS What’s your favourite property investment strategy? My personal favourite property investing strategy is commercial conversion, because that's what we do and that works for us, because it works well in Peterborough, there are good deals that need planning and we've worked out how to get the planning and we're doing one that's 85,000 square foot that could be up to 160 units. No money down is a way of buying, rent to rent is a way of buying, a lot of people confuse strategies, they think they’re going to do rent to rent or no money down or lease options, but actually no, what you're doing is a way of buying a property. Rent to rent is just circumventing needing a deposit, lease options are circumventing needing a deposit, we use all of those strategies within the strategy of commercial conversion. How many years have you been doing property now? December 15, 2005, was the day my life changed. The last week of that year, I met Mark up my very first property networking event and in February 2006, I started my property investing career properly working in a property company and buying with Mark. That's 13 years nearly. When was the first super conference? 2010 was our first really big event, there's a lot of people that start property training, who never really got much property and that's how progressive is different. The critics say there are too many people out there who teach but haven't done and maybe there are some, but how we're different is every strategy that we teach, we've done. Why did you stop doing the super conference? Those events got more and more expensive, like hundreds of thousands of pounds, this super conference will cost us 500 grand, half a million quid to run an event. The bigger the room, the more expensive they get. That was one thing. The second thing was we started to think if there's a cheap strike if there's a bomb scare if something goes wrong and three to six months of our marketing and our revenue are based on this one event, massive risk. The third thing was I like connecting with people, I'd prefer to speak to 100 people or 200 people than in 1400. I'm better in a smaller room. Every speaker loves the thought of the big stage, but I started to feel more disconnected. We bought our own training sweet over there, what's the point in going into massive events in London when you can do in smaller events here. What’s the main thing you're sort of excited about a product? One of them is creating multiple streams of income. We want to teach you how to create multiple streams of income. The second thing is we wanted the quickest cash flow strategies. What is the reason you give too much content without stopping? My Why is trying to earn respect and love from people and that just won't go away, I love property and I love business. Attend the 10X super conference and learn to be the best. BEST MOMENTS “The harder my challenges are, the more motivated I am.” “All the property strategies that we teach work, otherwise it wouldn't teach them.” “I did single let so many years, but when you've done loads of them, you kind of hunger to scale up and your time isn't worth just doing a single that when you can do bigger stuff.” “I don’t want people to look at me and say, “Rob is doing big commercial conversions, that's what I'm going to do.” if they haven't done a single let yet.” “There are too many people out there who teach but haven't done” “I never teach anything unless I've done it.” “You can learn something from everyone if you stay humble enough to look at someone.” “To know not to do is not to know.” “The easiest person to lie to is you.” “It’s okay to fail and it's best to fail small and fast.” “Mindset skill set strategy and tactics.” VALUABLE RESOURCES https://robmoore.com/ https://kevinmcdonnell.co.uk/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell ABOUT THE GUEST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
On this month podcast we are joined by Irish born UK based property investor Kevin McDonnell. Kevin is a Serial Entrepreneur, Author, Property Investor and Public Speaker and is regarded as the foremost expert in the UK when it comes to creative property investment strategies. He is the Author of “No Money Down Property Investing” and “The 7 Biggest Mistakes when starting out in property & how to avoid them”. When he initially started out on his investment journey back in 2003, Kevin made almost every mistake imaginable, eventually resulting in over £135,000 of debt – just about the only thing he did right in his first 10 years in property was to keep going! Realising he needed to get educated, he researched, followed and learned from every successful property investor he could find. Kevin finally cracked the property investment formula in 2013 and is now the owner of multiple businesses and has become a self-made millionaire thanks to property, building a multi-million-pound portfolio using creative No Money Down property investment techniques. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ Stay Connected with Pauric & Lisa Facebook; www.facebook.com/solidfoundadations Connect with Hosts; Pauric Hilferty- linktr.ee/paurichilferty Lisa O Reilly - www.linkedin.com/in/lisa-oreilly Networking Groups Northern Ireland: The North West Property Meet Republic of Ireland; The South Property and Business Network
Welcome to a very special episode of the Progressive Property Podcast as Kevin covers the five key things to know before you get started in property. Discover why you don't need your own money to start investing, why it's important to surround yourself with a network of like-minded people and why cheap doesn't mean cheap! If you're starting out in property, this episode is for you. KEY TAKEAWAYS You don't need your own money to start. With low-interest rates, there are billions of people looking for safe investments in the property market and you can help them by finding and sourcing deals and purchasing property with none of your own money. Surround yourself with likeminded people. Your network is your network, the right network of people will help to advise you to build assets, invest your wealth back into yourself and help to grow you and your legacy over time. Invest locally. You know your local area better than anyone else. Investing locally means you can move quickly, negotiate better deals, build and expand on your local network and invest in the right areas because you know your local streets. Find a mentor that challenges you to think bigger. Everyone has a mentor in their life but are they protecting you and holding you back? Join the Progressive community and find a property mentor that is an expert in property and that can help to propel you and your property portfolio forward. Cheap doesn't mean valuable. The R.E.A.S.O.N model helps you identify what not to buy. Rundown, Expensive, Abroad, Scattergun, Off-plan, New-build. BEST MOMENTS “There's nothing safer than property investment” “When you invest locally, you know the property market” “Investing with your own money is the thing that holds most of us back in building a property portfolio.” VALUABLE RESOURCES No Money Down Challenge - YouTubehttps://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/This show was brought to you by Progressive Media
How do you invest in property with NO MONEY? YOU CAN'T I hear you say! It's a SCAM! That's not “no money down” investing!……. I have been there and heard it – I have sat in a 3-day training course conducted by Kevin – this guy is brilliant, the real deal and I absolutely LOVE the creativity! There are no limits to the potential & the opportunity – you just have to find the solution(s). We talk through the property investment mistakes, the creative thinking, the stories, the pitfalls, the potential upside and how to get started without necessarily having the ‘money'! Kevin is someone you should have in your speed dial network – he is someone that I have turned to on numerous occasions to think outside of the box and find options for potential property deals. Kevin McDonnell is the “No Money Down” and “Rent2Rent” Property Investment Expert. International Speaker, Mentor & Professional Property Investor. Author of Amazon Best Seller - No Money Down Property Investing (links below) https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 If you are still here, then you are clearly seeking more from your journey through life You already know you have greater potential and a much bigger calling & simply need to spend as much of your time around the right people – you know, those individuals that motivate, inspire, empower and challenge…. That is why this podcast was created. Come and join us Top Biller – The Life of a Recruiter Book Links PAPERBACK COPY https://expertrecruiter.kartra.com/page/sRH4 DIGITAL COPY https://expertrecruiter.kartra.com/page/lQT14 This podcast episode is sponsored by Vincere. Vincere is the Recruitment Operating System. The all-in-one #RecOS purpose-built for recruitment & staffing agencies for the entire Front, Middle & Back office operations.
Kevin McDonnell talks us through the Dos and Don'ts of successful networking. Networking events can be daunting and can be unsuccessful and time-consuming if you don't make that unforgettable first impression! Tune in today to find out how you can grow your network, make a lasting impression, attract JV partners and property investors and ensure that every networking event is a success! KEY TAKEAWAYS Where Can You Network? There are many places you can go to network. Progressive property run about 40 property networking events all over the country, meaning it is likely there will be a PPN event near you. However, it is not only about networking events, but it is also a great idea to attend business networking events both locally and in different parts of the country. Have in your networking plan, to attend other types of events as well as events in other locations around the UK and the rest of the world that can help build your power team. What To Do At Networking Events? Have a clear plan before you attend, don't just attend a networking event to listen to guest speakers. You should be bringing business cards to the events, you need to have a way that you can capture people's attention. As well as handing out your business cards, make sure you collect other people's contact details. You want to be listening to others, more than you are speaking about yourself. Learn a little bit about people, keeping your eyes and ears open to find the person who is looking to invest. If you do get the chance to tell people a little bit about yourself, keep it to a minimum and have what's called an ‘Elevator Pitch', practice this at home before you attend. Focus your pitch on the features and benefits of working with you. Make a list of people you need to help fulfill your power team, and go to the networking events to specifically source these people. -A key part of attending networking events is the number of people you speak to. You don't need to spend the entire event talking to just one or two people, you will be missing out on speaking to the majority of people at the event. The main goal of each networking event you attend should be to collect as many people's contact details as possible. Dress well when you attend a networking event. Don't give people the opportunity to have a negative impression of you based on the way that you present yourself. Give people the opportunity to talk about themselves, only speak about yourself if you're asked. Ask them, how you can help them and what they're looking for that can be mutually beneficial. Do not try to sell them things within the first few moments of meeting them. BEST MOMENTS “If you really want to scale your networking business, if you want to do a lot of property deals, then you're going to need the help of other people” “A wise person once said, ‘you've got two ears and one mouth, you should move them in the proportion” “People want to work with people that they know, like and trust” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/See omnystudio.com/listener for privacy information.
Welcome to a very special episode of the Progressive Property Podcast as Kevin covers the five key things to know before you get started in property. Discover why you don't need your own money to start investing, why it's important to surround yourself with a network of like-minded people and why cheap doesn't mean cheap! If you're starting out in property, this episode is for you. KEY TAKEAWAYS You don't need your own money to start. With low-interest rates, there are billions of people looking for safe investments in the property market and you can help them by finding and sourcing deals and purchasing property with none of your own money. Surround yourself with likeminded people. Your network is your network, the right network of people will help to advise you to build assets, invest your wealth back into yourself and help to grow you and your legacy over time. Invest locally. You know your local area better than anyone else. Investing locally means you can move quickly, negotiate better deals, build and expand on your local network and invest in the right areas because you know your local streets. Find a mentor that challenges you to think bigger. Everyone has a mentor in their life but are they protecting you and holding you back? Join the Progressive community and find a property mentor that is an expert in property and that can help to propel you and your property portfolio forward. Cheap doesn't mean valuable. The R.E.A.S.O.N model helps you identify what not to buy. Rundown, Expensive, Abroad, Scattergun, Off-plan, New-build. BEST MOMENTS “There's nothing safer than property investment” “When you invest locally, you know the property market” “Investing with your own money is the thing that holds most of us back in building a property portfolio.” VALUABLE RESOURCES No Money Down Challenge - YouTube https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ ‘Brought to you by Progressive Media': https://progressivemedia.uk/ See omnystudio.com/listener for privacy information.
In today's episode, property expert Kevin McDonnell takes us on a trip down memory lane as he looks back on some of his biggest failures in the property industry and gives us his expert advice on how you can avoid making these mistakes yourself! Don't miss Kevins expert advice on how you can become a success in property! KEY TAKEAWAYS 6 Biggest Property Failures- Investing Abroad- Don't buy off-plan property. You are buying something that might go up, or down in value. You're also purchasing something that might not even get built, there is no real guarantee, and whilst you are waiting for the build to be complete you are not making any money from the property. Purchase property in an area you are familiar with that can make you money instantly and whereby you are familiar with the tax and property laws. Doing All Your Own Refurbs- This takes up far too much time which can stop you from looking for more property investment deals. The standard of work was also not up to the standards of professional tradesmen, meaning a few years later the poor workmanship will have to be redone. Tying to do those refurbs yourself, will cost you more time and more money. Waiting Too Long Before Quitting Your Job- Just commit and get out, because quitting your job will allow you to focus more on property and your results will have scaled massively once leaving your job, allowing the freedom and mind space to really focus on scaling your property business. Waiting Too Long To Hire Staff- Where in your business can you add income? Where can you put money into your business? Things such as speaking to joint venture partners, people who want to invest money into your business, negotiating property purchases or contracts on rent to rents with homeowners, that is where your focus should be. Outsource all the other tasks to staff such as property management, speaking to the tenant, maintenance inspections, all of the tasks that are time-consuming but don't generate income but rather take money from the business. Not Having A Clear System To Check Staff's Work- Hiring any staff comes with an element of trust, and sometimes in fast-growing businesses you can end up leaving staff to get on with their job whilst your focus is on other things. This could potentially result in foul play from your staff as they feel like they are able to get away with things easier as they are not being monitored. Create a system whereby this is not possible. Check your properties out, check your own staff out and make sure that what's being said is the reality. Not Hiring A Project Manager- A project manager will hire the entire refurb team to avoid any miscommunications between different tradespeople. If possible, make somebody you know or are familiar with and that you trust your project manager who can get the job delivered on time. Them being responsible for the project means that there's no way there can be any excuses or tension between the rest of the team. BEST MOMENTS “Mistakes are a part of life” “You only have to be right 51% of the time” “The richest people on this planet have made many mistakes” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ ‘Brought to you by Progressive Media': https://progressivemedia.uk/ See omnystudio.com/listener for privacy information.
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. ***FREE DOWNLOAD*** How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD KEY TAKEAWAYS What do you see as the key skills of a master negotiator? Being a good negotiator is a critical part of your skill set, have a successful property portfolio, property investment, investment business. What makes what makes a really good negotiator is research shows, for example, a good negotiators gather twice as much information as they give, they focus a lot of time, a lot of efforts, a lot of energy in doing what I call getting inside the other person's head and understanding things from their point of view. Good negotiators are also very well planned and prepared. Make sure that people are thoroughly planned and prepared, that they follow a planning process that increases your confidence that helps you consider options before they come up. A good negotiator doesn't do every deal and a good negotiator does every deal that makes good commercial sense. Knowing when to walk is another important thing for people. Patience is also a good thing to be acting unhurriedly even if you are in a hurry, remaining as calm and objective as you possibly can because emotions can obviously flare, human beings are very emotional creatures. Be very polite and respectful is also a good thing. A good negotiator does less what is called irritating behaviours, finger pointing, aggression, sarcasm and insults. Keeping it professional is an important thing to do, particularly if you want to be doing repeat business with that individual or that organization. Good negotiators have the ability to step into their shoes of a seller and see it from the seller's point of view. Price is a factor in any negotiation. Usually, it is very rarely if ever, the only factor and if it's just got narrowed down to price, you might be missing other opportunities to add value to the deal for the other parts. It is always about the people, the people who own that property that you want to buy must be willing to also sell it to you or want to do a joint venture with you. If you find out what's most important to people and then you show them how you can help them get what's most important to them, that's selling a negotiation in a nutshell. Solve their problem instead of trying to buy their house. What are the biggest mistakes people make in negotiating? Moving too quickly to sort of doing the bargaining, how much are we going to pay and then that they don't spend enough time planning and preparing. They don't spend enough time understanding the perspective of the other person. New property investors, property developers are sometimes very anxious to get some notches, some numbers and get some deals done and sometimes pursue a deal far too long when they should walk away because they feel nothing's happening and it's not working. If your first five deals that you sign up roll pretty badly, you're going to have those bad boys in your portfolio for a while. Definitely move fast but move faster when the deal is right. Tips for getting better results in a negotiation. Do your homework and do your research. Knowledge is power, walk the streets, have a look, get to know the areas, monitor things, watch what's happening. Ask more questions, do less talking and more listening. Find out if you can construct something that is going to meet what that person needs, solve their problems and take away their pain. BEST MOMENTS “People think that negotiation is the sexy exciting cut and thrust, but that's only going to be sexy and exciting if you've done your homework in advance.” “The more time you invest in the deal, the harder psychologically it is to get out it.” “Neuroscience research shows that 95% of the influence on our decisions is from more emotional primitive regions of the brain.” “Average man or woman in the street thinks negotiation is open high, drop down, meet me halfway and back and forth but it's much more than that.” “Empathy is different to sympathy, empathy just means I get how you're feeling, I understand how you're feeling, I understand why this is important to you.” “Word of mouth is very powerful and also a very bad form of marketing, depending on what's being said about you.” “Understand that if you feel a bit uncomfortable, that's called being human and that's really normal and that's not a bad thing.” “The more you learn, the more you earn.” “The more desperate you are, the worst deal you will do.” “If you don't ask, you have rejected yourself.” “You make your own luck through the work and the effort and the focus that you put in.” VALUABLE RESOURCES simonhazeldine.com https://kevinmcdonnell.co.uk/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell ABOUT THE GUEST Simon Hazeldine is a world renowned negotiation expert and best-selling author. Simon is an international speaker and has worked as an expert consultant in the area of sales, negotiation, business performance and applied neuroscience with Fortune 500 and FTSE 100 companies. CONTACT METHOD Website: simonhazeldine.com Twitter: @simonhazeldine Email address: simon@simonhazeldine.com See omnystudio.com/listener for privacy information.
In this episode of The Progressive Property Podcast, we revisit a previous episode, with entrepreneur and property investor Alfie Best. Learn how to grow your property business quickly, understand the benefits of getting an education and pick up great hints and tips along the way with Kevin and Alfie! KEY TAKEAWAYS Property is a people business. One of the best gifts that you can be given is learning how to speak to everybody because you never know who's coming out from behind that door. It could be somebody 90, it could be somebody 15. They're from many different worlds. Learning how to speak to people on the spot is a massive education because it gives you the confidence to know how to speak to people. How to grow your business quickly. Everybody has problems but your problems should not be an issue, your problems should be a learning experience and every issue that you come across makes you stronger for the next round. It's about going out for the fight, being fit for the fight, being fit for the purpose of the fight, and learning by your mistakes. Education. Another thing you should do to grow your business rapidly is about knowing your business whether it is vehicles selling, whether it is property or whatever. Through education and learning how you should operate your business to reach optimum production of your company or business, you will always succeed in your businesses. Self-belief that failure is not an option. This is something that should always be in you whether you are successful or not or whether you are rich or poor. Having this kind of spirit in you always keeps you going whenever the times get hard and be sure with this, you will always emerge at the top. We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from. We don't make mistakes unless we harp on them, what we do is we learn from them to not make that decision in that way again. Be prepared to listen. There's a reason we were given one mouth and two ears by God, this is so that you can listen more and do less talking. The more you listen the more you learn. This helps a lot because you get to learn more skills that you didn't know from people by listening to them. Ask if you are not sure of anything. Be prepared to take advice from people who have already achieved great success. Swallow your pride and ask, do not assume that you know everything which may cost you big in the future. If you want advice, don't ask the funeral or the undertaker how to arrange your wedding and don't go to the wedding exhibition expecting them to arrange a funeral, go to the right person to ask the right question, ask people that are within the industry. When you're in a job that you love, do more than you're paid to do because you will be recognized for it and you will climb the ladder faster than anybody else in that company. Because people can see that you're somebody that is conscientious about what you're doing. For you to achieve success in your personal and business life, you need to look at the company that you surround yourself with because if you surround yourself with people talking about football, you'll talk about football, if you surround yourself with people talking about boxing, you'll talk about boxing, if you surround yourself with people talking about business, you'll talk about business, this is because we are all creatures of habit. Try to surround yourself with people that have the right habits. BEST MOMENTS “One of the best gifts that you can be given is learning how to speak to everybody.” “Always learn through your mistakes.” “Everybody makes mistakes, the two things you need to do is admit them and learn from them. People that can't admit them and people that can't learn from them will stay stagnant.” “We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from.” “You fail when you quit.” “We don't live long enough to make all of the mistakes ourselves, learn from others and life will be a lot shorter and a lot more enjoyable where your work is concerned.” “A man with a plan will be a genius without a plan.” “We are never ever too old to learn.” “The only person that put somebody down is themselves.” “Success is made up of good habits.” “Believe in yourself and always listen to everybody but the advice you choose to take must be your decision.” VALUABLE RESOURCES Website: https://kevinmcdonnell.co.uk/ ABOUT THE GUEST Alfie Best. He was working from the age of eight and with time, his entrepreneurial mind kicked in at an age of around 12 and 14. He got a 250 million pound plus empire in different types of property, mainly around stuff like Park homes, commercial buildings, and other assets across land developments, different stuff. CONTACT METHOD www.twitter.com/alfiebest33 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell See omnystudio.com/listener for privacy information.
Welcome to a very special episode of the Progressive Property Podcast as Kevin covers the five key things to know before you get started in property. Discover why you don't need your own money to start investing, why it's important to surround yourself with a network of like-minded people and why cheap doesn't mean cheap! If you're starting out in property, this episode is for you. KEY TAKEAWAYS You don't need your own money to start. With low-interest rates, there are billions of people looking for safe investments in the property market and you can help them by finding and sourcing deals and purchasing property with none of your own money. Surround yourself with likeminded people. Your network is your network, the right network of people will help to advise you to build assets, invest your wealth back into yourself and help to grow you and your legacy over time. Invest locally. You know your local area better than anyone else. Investing locally means you can move quickly, negotiate better deals, build and expand on your local network and invest in the right areas because you know your local streets. Find a mentor that challenges you to think bigger. Everyone has a mentor in their life but are they protecting you and holding you back? Join the Progressive community and find a property mentor that is an expert in property and that can help to propel you and your property portfolio forward. Cheap doesn't mean valuable. The R.E.A.S.O.N model helps you identify what not to buy. Rundown, Expensive, Abroad, Scattergun, Off-plan, New-build. BEST MOMENTS “There's nothing safer than property investment” “When you invest locally, you know the property market” “Investing with your own money is the thing that holds most of us back in building a property portfolio.” VALUABLE RESOURCES No Money Down Challenge - YouTube https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
The economy is down by 20% but somehow the property market is booming. Are you, like others struggling to understand why this is happening? Join Kevin as he explains why the property market is having a mini-boom during the worldwide pandemic. Learn how furlough, foreign investors and diminishing stamp duty are all contributing to the current property boom, the impact this will have on the property market and how you can use this to your advantage. KEY TAKEAWAYS There are several reasons why the property market is still going up right now, What we have is the perfect storm in the property market. This will come to an end as we head into 2021. One of the reasons there is a mini-boom in the property market is because of the furlough scheme, even though you are getting 60-80% of your salary, that is probably more than you were living off with 100% of your wages. Your day to day expenditure has gone down, meaning you have more money to spend therefore more money in the economy. If the government prediction is right and over 3 million people are going to lose their jobs once the furlough scheme is over, then those people are likely to be struggling financially. Each of these people will have mortgages or rent to pay, with their job loses and no substantial financial support from the government, this will result in them needing to downsize. Wealthy people are smart enough to know that they have got to move their money. The safest place to move money is into the property market. They are willing to pay a little bit extra, and that is another reason there is another mini-boom in the property market. If you have money sitting in your bank account, you have got to get your money into property. Even if it was giving you 1.1% in the bank, you could make 2-20% on your money if you put it into a property. There are a lot of foreign investors that are also trying to buy up UK property. China is taking over and changing the laws in Hong Kong, making it very difficult for people to risk keeping their money in that country. These people are looking to move to the UK, buying both residential homes and investment properties. They are snapping up property all over the UK right now, which is adding to the current property boom. This boom will die down as we move into 2021. Winter is coming. There is no sunshine, you are stuck indoors and furlough has come to an end. This will have an impact on the property market. The market will take a hit once all of the furlough and investor money dries up. No matter how much money people need to save, people will continue to need to live in houses. The UK does not have enough properties and the government are not solving this problem. The people that are going to provide the housing are private landlords like you could be. Be ready for the opportunities coming in 2021 as this will be the biggest property opportunity. BEST MOMENTS “A lot of people have looked at their lifestyles in the lockdown and decided that they want to change their lifestyle and part of changing their lifestyle is moving home. They've got that little bit of a false feeling that they're financially stable right now. Those things are going to change.” “Now you've got a golden ticket. Now you've got the time. Let's use it wisely.” “A property will not necessarily make you a millionaire in the next few months, but it can certainly grow much quicker than a bank will.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Are you tempted to take the plunge and begin your property journey, but unsure if the ‘No Money Down' concept can work? Well, look no further as today Kevin is joined by yet another No Money Down star who managed to succeed in property in just a short amount of time. Together they discuss how the strategy can work everywhere and anywhere, what to look for in a JV partner as well as the importance of surrounding yourself with a like-minded network. KEY TAKEAWAYS The ‘No Money Down' concept works in every area. On the mastermind, you can meet people from anywhere and everywhere making successful creative deals. There's only one place where this doesn't work and that is in your head. Do not worry yourself with where other successful people are making their deals and start concentrating on learning how to do it where you are. There are many simple things you can do to ensure you make deals. Things such as highlighting and advertising your property in local markets and ensuring each of your properties has a sign on it to show that you are currently looking for tenants. When you follow these simple, low-cost techniques you will start to get direct calls and before long will be able to fully occupy your properties. When looking for a JV partner, you do not always have to go with the person who can offer you the most financially. Work with someone you click with and who you are still able to work closely with if something was to go wrong. It is important to work with someone you have a good connection with and who you can celebrate the wins and figure out the losses with. If you portray yourself in your strengths and personality, the money will come to you. Do not seek someone who has money as your main focus, you will struggle to find the right people. The property industry is extremely fast-paced. You may even lose deals because you were not quick enough to respond to potential clients. You have to move fast on your property deals. Do not be a procrastinator, especially a positive procrastinator. A positive procrastinator is somebody who makes themself feel busy but never does anything that actually makes them money, such as focusing on viewings. Along the way, you will face challenges. The only way you are going to properly fail is if you stop. You have to keep going, the property industry is a forgiving business. You will face many challenges along the way, keep going and you will succeed. If you are on this journey alone, connect with people that are going through the same struggles, who may offer advice along the way. The purpose of the Progressive Property Community is to be able to identify people who can help you and who you can learn from. BEST MOMENTS “The thing that matters is knowing what he is doing, and replicating it in your area.” “Protect what you've currently got, and then scale.” “As much as I thought that money was what I needed to move forward, it really wasn't.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Don't miss this insightful podcast with Kevin as he answers all of your burning property questions. Today he covers everything from the importance of your social media profiles, never giving up on doing deals and ensuring your insurance policy is correct. KEY TAKEAWAYS When looking for property deals it is important not to skip people. Do not miss people off your marketing list because you think they may not give you an opportunity. Don't presume you know why somebody else would not be interested in doing a deal with you. The way to find out is by sending letters out. Not all large landlords are open to doing deals with you, but some of them are, it is not your job to work out what they want, it is your job to market to them. What does your Facebook show when you click on it? Does it show that you are a property investor? Or does it show what you ate for your breakfast?. Your Facebook profile needs to give the right impression of yourself to those who may come across it. You need to change your mindset. Get out of your negative mindset and questioning why big investors would want to go into property alongside you. Tell everybody what you do, build your business, brand and profile constantly. Once you have built yourself up, deals will come to you. You need to ensure that you have the correct cover on the property you own and are renting out. The cover needs to be specific for the type of tenant that is living in the property. Your insurance provider will ask you what type of tenant you have occupied the property and you need to declare this. If you have the wrong insurance for the tenant living in the house, and something goes wrong you may risk receiving a payout from the insurance company. BEST MOMENTS “There are landlords that want their rental income covered.” “Does your Facebook show the right thing?” “Go around the agent if the agent won't work with you.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
There are over 2.2 million landlords in the UK, but 2 million of them own only one property, is this you? Or perhaps you want to invest in property but you don't have the funds in the first place? Join Kevin today as he describes creative investing techniques and the benefits of a joint venture partnership. Discover why joint venturing reduces your financial risk whilst you still are able to reap the rewards, how it is possible to become a property investor using little to none of your own money and why your knowledge and experience is just as valuable as cash in the bank. KEY TAKEAWAYS No matter which property strategy you wish to proceed with, the most common problem is that you don't have the funds to do it. The concept of ‘No Money Down” is that you will not use any of your own money however you will use other people's money, aka a joint venture (JV) partnership. This may be a JV for risk and reward or it might be borrowing money for a fixed rate return. You have got to invest time in order to get a return. Time is the most important thing, they are constantly printing new money and money is all around us. All you need to do is learn how to attract that money towards you. What you cannot make more of or cannot get back, is time. You need time, knowledge and money. Joint venturing reduces your financial risk. Many people will say that they do not want to give half of their profits away, with 100% ownership comes 100% of the risk whereas when you are part of a JV partnership you are able to share the risk. If there is a downturn, you may not have all the money you need to get you through the journey and your JV partner can make sure you are safe. JV partners can bring different things to the table, it doesn't necessarily have to be the money. Why would the partner with the money lend it to you? Most likely because they perceive that you are bringing the knowledge and experience. You have something they need and they have something you need, meaning both people are benefiting from the partnership. Purchasing with a JV partner can recession-proof you. Many people will likely lose their jobs after the furlough scheme ends in October. You can use this as an opportunity to help people by using creative strategies like lease options. This will help people to not have to lose their homes at a 25% loss or in the worst-case scenario, get repossessed during the upcoming recession. BEST MOMENTS “No matter which strategy you want to do, you need to be using creative investment techniques and joint ventures, otherwise you will never get the portfolio size you want to achieve.” “50% of something is better than 100% of nothing.” “It allows you to scale quickly but also at a much faster pace.” “You see who has been swimming with the shark when the tide goes out.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Join a wonderfully inspiring episode of the Brave, Bold, Brilliant podcast as Jeannette is joined by serial entrepreneur, property investor and mentor Kevin McDonnell. Together they discuss never giving up on your dreams and how short term pain can lead to long term gain. They also consider the importance of aligning yourself with like-minded people, and how doing so allowed Kevin to leave his full-time job, clear his debts and become financially free. KEY TAKEAWAYS It is very easy to do nothing. It is very easy to stay in a job you do not enjoy for fear of quitting as the environment is comforting for you and the people whom you work with are familiar. These people, however, will usually turn out to not be business-minded, whereas surrounding yourself with like-minded business thinking people will allow you to go on and create a successful business. This is your journey. It is not the journey of your friends and family and you have got to live your dream, don’t give up on your dream for any reason. It is very easy to let life get in the way when you could be moving your business forward. It has got to be about having short term pain for a long time gain. Throughout your life and certainly within the school system you will have been fed an ideal career and life path you should follow. It is only when you start aligning yourself with the right kind of people that you will see begin to see a change in yourself and your mindset. Surround yourself with people who will tell you ‘you’re not thinking big enough’ and ‘you can achieve more’. Be yourself and no matter what you will align yourself to people that will want to work with you in business as well as forming good friendships. If you continuously try to be somebody you are not and are not true to yourself, you will eventually be found out and end up back at square one. If you’re in a situation where you are unhappy, you only ever have three choices. These three choices are: change it, accept it or leave it. It is a simple concept, however, the majority of people choose to accept it rather than changing it. Sometimes we can be so focused on the end result in which we desire, that we do not enjoy the journey on the way. Whilst it is great to be ambitious and have an end goal to strive towards, you must remember to enjoy yourself along the way. BEST MOMENTS “Nothing else except property had the ability to create the income that I needed.” “They don’t mean to hold you back, what they’re doing is they are protecting you.” “We only have one life, so let's enjoy it whilst we’re here.” ABOUT THE HOST Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality and property sectors. Having bought, ran and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development. Jeannette is a down to earth leader, a passionate champion for diversity & inclusion and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams. CONTACT METHOD https://www.jeannettelinfootassociates.com/ YOUTUBE LINKEDIN FACEBOOK INSTAGRAM ABOUT THE GUEST: Kevin McDonnell is a Serial Entrepreneur, Author, Property Investor and Public Speaker and is regarded as the foremost expert in the UK when it comes to creative property investment strategies. He is the Author of “No Money Down Property Investing” and “The 7 Biggest Mistakes when starting out in property & how to avoid them”. When he initially started out on his investment journey back in 2003, Kevin made almost every mistake imaginable, eventually resulting in over £135,000 of debt – just about the only thing he did right in his first 10 years in property was to keep going! Realising he needed to get educated, he researched, followed and learned from every successful property investor he could find. Kevin finally cracked the property investment formula in 2013 and is now the owner of multiple businesses and has become a self-made millionaire thanks to property, building a multi-million-pound portfolio using creative No Money Down property investment techniques. CONTACT METHOD https://kevinmcdonnell.co.uk https://uk.linkedin.com/public-profile/in/kevin-mcdonnell https://www.facebook.com/kevinMcDonnellProperty/ See omnystudio.com/listener for privacy information.
If you've ever wondered ‘just how successful can I really be in property' then listen in to today's episode, as Kevin is joined by Jeanette Linfoot, who attended a progressive property event and is also a member of the VIP programme and has managed to create a successful and lucrative property business. Together they discuss the benefits of mentorship, researching your local area and sourcing the right members of your property team and how your business skills from previous jobs can be transferred to make your property business a success. KEY TAKEAWAYS If you are going to invest in property and create a property business/portfolio make sure you focus on it and don't just dabble. To enable to create a large property business it is beneficial to have ongoing support by signing up for a VIP package with progressive which allows you to have ongoing mentorship and support. The support from Progressive can offer you so much such as the technical aspects of buying and refurbishing the property and approaching it in the right way, in particular on optimizing your cash position and how you can be clever with recycling your cash and refinancing. The VIP programme also offers a certain level of accountability and knowing that if you've invested in your education/mentorship programme, you want to ensure you are getting your value for money and continuing to progress. It is important to research the area you wish to start buying properties in by learning the demographics and the property statistics of your chosen area. Once you have done this you need to identify key people you will need in your teams as well as identifying and highlighting your key strengths and skills that can be added to your property business team, you may need to source a great lettings agent, broker and tax accountant. For anybody that is wondering what will be right for their own journey, it is recommended to spend a bit of time in terms of what are you trying to get out of it? This may be cash flow to allow them to quit their jobs, others may want the equity growth or perhaps a bit of both. There are adjacent skills and experiences that I think transfer across different business sectors anyway, and sometimes people don't always realise that.”When you start out in property you might be doing a job that is totally unrelated and thinks that you have no skills in the industry whereas actually if you take a step back, you have got lots of transferable skills. If you're looking to get into property don't procrastinate you need to make a start and don't worry about it all being perfect, it will come together. Secondly, get out there and meet like-minded people that will support you throughout your journey. Finally, know your numbers and create a simple plan that will help guide you through in terms of what you are trying to achieve. BEST MOMENTS “If you're going to be serious about this, and investing hundreds of thousands or even millions of pounds in your property business you need to have spent a bit of time on the ground.” “Spend the time and the effort upfront to get your relationships set up if you go running out the block too fast and you've not got that in place, then it can be more difficult and you will probably make a few more mistakes along the way.” “Everyones different, you need to think about what is the right schedule for you but definitely allocate dedicated time.” “You can read and research as much as you want but ultimately you have to do something.” VALUABLE RESOURCES Brave Bold Brilliant Podcast -Apple Podcasts (iTunes) -Spotify https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/ ABOUT THE GUEST Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality and property sectors. Having bought, ran and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development. Jeannette is a down to earth leader, a passionate champion for diversity & inclusion and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams. CONTACT METHOD www.jeannettelinfootassociates.com YOUTUBE LinkedIn Facebook ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
With the announcement, last week about the elimination of stamp duty on properties under five hundred thousand pounds as well as the reduction of VAT in certain industries, listen in today as Kevin and co-founder of Progressive Property and Property expert Mark Homer discuss the impact and the benefits this can have on you and your property business. Together they explain how you can leverage these announcements to suit you whether that be turning a commercial property into a residential building, paying less VAT on your serviced accommodation or receiving business loans or grants for your business. KEY TAKEAWAYS Due to the circumstances surrounding the current pandemic, the government has announced the plan to scrap stamp duty completely for house price purchases for under half a million GBP, this is for everybody including homeowners and property investors apart from the additional 3% stamp duty. Meaning if you are a homeowner you pay no stamp duty (under 500k) and if you are a buy to let second property owner, you don't pay the initial stamp duty but you do pay the additional 3%. One big benefit of this is that they have also announced the reduction in planning requirements around commercial. Making it easier for you to turn the commercial building into residential, which is a big opportunity right now. If you can do this before the end of March 2021 before things return to normal, and keep the purchase value under 500k meaning the incentive of the buyer is that they can purchase from you with no stamp duty to be paid. Many people have been struggling to fill their serviced accommodation units, at the beginning of the lockdown they were worried that their business would not survive. Had they applied for business rates then they would have qualified for a 10,000 pound grant per property. Now the reduction of VAT to 5% in this industry is a huge incentive to offer your guests to get them back into staying in your units. Now is the time to look for what is happening in the marketplace, be following the new updates weekly as things are continuously changing. Surround yourself with like-minded people, people that understand how to interpret the announcements that are coming from the government and who can take these and pivot their business to benefit from those announcements. You need to be thinking about your bounceback loans and the C Bills loans as the scheme is coming to an end in November. If you are trading properties or need development finance, some lenders have linked up with C bills to reduce the rate and potentially go higher loan to value which is very useful. Get out there and take advantage of those, making sure the company that you are taking the loan into is at least 50% operative as a trading entity. BEST MOMENTS “We have to look at it and see where this benefit may be.” “Yes there is going to be unemployment, yes people are going to lose their jobs but this brings within opportunity as well, the opportunity for those who are educated and those who are looking in the right places to grab and spot the opportunity.” “I suspect this change will probably help put a little bit of a collar underneath the housing market, which is going to get tougher.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/ ABOUT THE GUEST Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK's best-selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he'd tried in the last ten years, combined. Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Discover today how one man attended one of our property events back in 2017 and used this knowledge to build his property empire. Listen in today as Kevin is joined by Graham Page a property investor and deal sourcer, as they discuss the benefit of Joint Venture partnerships as well as the importance of building your power team that can help you along your property journey. KEY TAKEAWAYS Many people are afraid that rent to rent is not successful in London, however, it has been proven that it is very much a lucrative option. Despite the current property situation due to the ongoing pandemic, many of these properties are still full. It does work pre-COVID-19 and it will continue to work post-COVID-19. When entering into joint venture partnerships you need to go into it making clear segregation of jobs so as to ensure you are not stepping on each other's toes. You need to look at yourself and describe what you are offering a JV partner. You also need to look at an exit starter guy should it all go wrong. If you are serious about your property journey, you are going to struggle to do this alone and you will need to build a power team of people. Let go of the things you don't like doing and hold onto the things that you enjoy doing. There is not enough time in the day to do everything, you have got to give away the things you don't like. It is absolutely possible to build your property business whilst continuing to work your 9-5 job. You have to be very clear on why you are doing it if this is something that is important to you will find the time to make it happen. Use your 9-5 to pay your bills, and your 6-10 to build your empire. Build a network of people that can help and support you on your property journey. Sometimes, you may need a second set of eyes on potential deals that can give you a push in the right direction. Having mentors with a wealth of experience can shortcut you so much time and save you a lot of worry and stress along the way. BEST MOMENTS “People, that say it doesn't work in London? It does work in London!” “Too many people plan for the best and hope for the best when you should actually be planning for the worst and hoping for the best.” “The people you meet on your property journey, they all become a part of your power team.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ ABOUT THE GUEST: Graham is a serial triathlete and successful property investor. He continues to run a team of 80 people in India at a multi-billion pound FTSE 100 company, delivering In the last 2 years, he has built a multi-million-pound portfolio with a net cash flow of over £3,500 per month, as well as being a No Money Down coach and mentor. See omnystudio.com/listener for privacy information.
We're going to begin to see an impact in the property market when mortgage holidays end and there is going to be some phenomenal opportunities coming to the property market in the coming months and you need to position yourself to take advantage of these property opportunities by having the right mindset, negotiation skills and creative property investment strategy. Listen in to hear Kevin share his thoughts, tactics and strategies for what's predicted to be the biggest retraction in the economies history. KEY TAKEAWAYS The economy will start to see many more people unemployed as the government furlough scheme ends and as a result, people will be struggling to pay their mortgage and therefore will become motivated landlords and sellers bringing about an opportunity for property investors In an economy with high unemployment and motivated sellers, you need to be creative in terms of your property strategy. Strategies such as exchange delayed completions, assisted sales, rent2rent and deal packaging are the types of strategies that will give you an advantage when the opportunities arise. You need to pound-cost average and surf the wave of the market as prices go down because in 5-7 years time the property market will be higher than it is today. The goal is to purchase a property with positive monthly cash flow on a 5 year fixed rate and by the end of your fixed term the property will have gone down in value and back up again above the price you paid for it. There are lots of businesses that will not survive the current economic situation and therefore there is a lot of retail and commercial opportunity with empty buildings. For this, you should consider commercial conversions with permitted development to increase the value and sell it on as part of an assisted sale. When negotiating a deal no matter how much experience you have you need to show the owner that you know what you're doing. There are 6 steps to property negotiation and it starts with building a rapport. BEST MOMENTS “There is a risk that lenders will see the mortgage holiday takers as a risk for additional lenders in the future” “There's no such thing as below market value as you're purchase price is the value and your aim is to add value by refurbishment.” “You cannot time the property market” “You cannot wait for the bottom of the market or you will miss the boat” “Commercial property will most likely drop more than residential properties” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
In this podcast, Kevin talks about some recent coaching calls he has taken, and what the main concerns were from them. From a flaw in a strategy, not finding any deals or even having TOO MANY deals, there is something you can take away from this too. Even in lockdown the property market is moving, and you could be at the front if you know what to do and where to look. Let Kevin guide you through pressing issues that you are having. Key Takeaways: Remortgaging is a great strategy- if you know how to do it right. You have to be able to add value to get a higher value in a remortgage, even if you know that it is worth more than what you paid for it. Many lenders won't see it the same way- if you paid for it, that is how much it is worth. What did you do to improve it? This is the key to getting a great remortgage rate. Show proof that you have given a property TLC and you could find yourself with a great return! Don't do someone else's job. Your job is to get the deals- let the solicitors do the paperwork, you don't have to know the details. Pay your power team on time and well so you can focus on what is most important to you. If you spend time focusing on everyone else you will spend time learning everyone else's job and it will hold you back. Focus on income generating tasks- pay others well to support you. Don't think there are deals out there? I know you are wrong! How are you going to find the deals? Because so many people think there is nothing that could be done, it has opened a HUGE space for you to take all the deals. you only need to know where to look. Estate agents are still open, they are still taking calls, arranging viewings, still looking to sell. YOU could be the one they sell to (at a great price) You don't need to wait to find the perfect area- all you need is an area that works. Once you are done with your research, don't wait around scared. if different areas are all coming with good feedback, then just pick one! It's like trying the pick the perfect strategy, they all work, and you can use them all, but start with one and build up. you don't have to do the best, just do something that works, because something that works is better than nothing at all! Best Moments: “There is more opportunity out there now then there has been earlier this year or last year” “You don't need to invest in the perfect area- you need to invest in the area that works” “Stop procrastinating and start doing- let's do something that works!” “Peoples motivation changes with time, you should always be checking and following up on offers you have made” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Contact Method: https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Many people are stuck right now, thinking that they can't do anything. that they must wait and look to the future. Kevin is here to show you why that is wrong. we are still only at the start of the year- don't wait until 2021, we still have 8 months left! Kevin talks about why you shouldn't wait for lockdown to get lifted, and what you can do while we are all stuck at home. This is the opportunity many investors have been waiting for since 2008, so don't waste what precious time you have. Act now! Key Takeaways: Just because a door is closed, it doesn't mean you can't work. Kevin has his own agency that is still working from home, arranging virtual viewings. You should be doing this now, not waiting. If you have a property to sell, get it up there for investors to see, or if you want to buy, let agents and vendors know you're interested. There is a window of opportunity to get rid of properties that are costing them money. Many landlords will feel desperate to bring cashflow back into their properties and will be more willing to accept creative partnerships with you. But if you decide to wait, you will find yourself at the back of the queue with everyone else jumping back into the market. You can still send letters to properties that are for sale. You can get to the vendor directly to build a rapport and possibly do a deal. This all comes from learning your area, what is for sale and how many people are looking to buy. Do your research. Know the price of your area. You can do all this research online. you will become credible when you talk to agents. Huge opportunity to become educated. Books, online classes, podcasts. Use your time well and you could come out of this lockdown with more knowledge than most investors in your area, giving you a huge advantage in negotiating deals Speak to other locals- get to know investors in the area, go on virtual networking events. Or maybe you've always wanted to get to know investors in another area? Well now's your chance to do it and find a group to speak to and connect with to share knowledge of your goldmine area. Best Moments: “This is the time for planning, this is the time for action, this is the time to educate yourself” “Don't waste the opportunity you have been asking for” “You can attend any network event right now across the country from the comfort of your home” “Now is the time to get your ducks in a row, you don't want to be waiting until after the lockdown is over” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Contact Method: https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
A break from the normal for this week, we have a collection of stories from Kevin McDonnell, from his years of working in property. With the amount of experience Kevin has, he has a lot of stories to share with you. From serious issues that needed fixing, to hilarious moments that you almost can't believe happened (but did!). With everyone stuck wherever in the world you are, it's time to lighten the mood. What are tenants most likely to steal? What happens when tenants get caught cheating? HOW do they get caught? Listen to find out more! Key Takeaways: There are funny stories from years of property that you can learn from- Kevin has seen a lot in his years of working in property. Here are some of the very interesting stories he has to tell. They say you learn from experience, so use kevin's before learning the hard way yourself! What do tenants like to steal?TV's? Furniture?- You have to be aware of what tenants who move out are moving out with! In HMO's especially, things can easily go missing. Make sure you keep an up to date record of everything you have in the property, not just for yourself, but for the happiness of all the other tenants still living there. Health and safety, how to protect yourself from incidents- Sometimes bad things happen, and people get hurt. Apart from making sure everyone is ok, you need to make sure all evidence is collected to present a case if anything were to be reported. What do you do for accusations of stealing? With more people living together comes more issues, and unfortunately so does accusations of stealing. Everything from food going missing to credit cards, dealing with these situations in a timely manner are important to keep all tenants happy. Best Moments: “They stole part of my kitchen to make a makeshift wardrobe” “They put frozen peas in the thermostat to reduce the temperature of the house” “He caught the tenant cheating through google maps and was so ready to move on he handed it back to me despite already paying” “Make sure if you have HMO's properties… that it's health and safety safe” “When they moved out, they left the cat”[1] VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ [2] ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Contact Method: https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ These are some corkers, but I don't know if it's suitable! taken from other shownotes, if not correct let me know! See omnystudio.com/listener for privacy information.
Are you sick and tired of listening to all the negativity in the news in regards to the new pandemic COVID-19? Well, tune in today as Kevin informs you of some of the risks you may face during this difficult time. More importantly, how to overcome these risks and how to turn this into one of the greatest opportunities you will ever receive in your property journey. KEY TAKEAWAYS Risks and opportunities that the Coronavirus will impose on the property industry. Risks: There is likely to be less viewings. Meaning there will be less opportunity for you to do viewings on potential property investments, as well as less tenancy viewings on your properties. Incentivise your current tenants to stay, they are also unlikely to leave their current accommodations. Selling a property. People will be rethinking moving and staying in their current homes. If you are desperate to sell, that means reducing your property prices. This is a good opportunity for property investors as you will be able to pick up properties at a lower price, and earn a profit on them when the market picks back up. Serviced accommodation. If you own serviced accommodation relying on the tourism industry, you will face risks as there are not as many people travelling. You need to react quickly, look at contractors, open reach workers and commuters. Hotels are risky and people would prefer to be in a clean serviced accommodation alone. Less productivity. If people are ill and self isolating for the recommended 2 weeks, you may be short of staff who are renovating parts of your property, meaning delays. Look for alternative build teams. Tenants unable to pay rent from contracting the virus from one another. Create simple rules in your HMO about hygiene and social distancing. Look now for rent guarantee insurance, to ensure all rent is covered. Delaying getting deals completed. There may be a delay in the buying or selling of property. Perhaps you should re-evaluate the current situation and hold back on purchasing as there may be some better opportunities arising. Opportunities: It has never been easier to raise Joint Venture partnerships. Joint venturing is a brilliant way to grow your business. People who are looking to get their money out of the stock market will in turn invest in property, if you can provide the knowledge to these people and joint venture with them you will come out on top. Interest rates have dropped to the lowest they have ever been in history. People who have money in the bank as savers, will be making virtually nothing on their money now. They may decide to take their money out of the banks and invest in property. Cheaper finance. If you currently have a mortgage, you will end up paying less on your mortgage. If you are looking to buy property you will receive cheaper finance on your properties. It is a great opportunity to get yourself a cheap long term fixed rate mortgage. Lower purchase prices. There will be deals everywhere. Look for opportunities rather than worrying about the impact of the virus. BEST MOMENTS “We cannot bury our head in the sand and not think about the future” “Be looking for the opportunity” “Be proactive in this process and we will come through this” “What we can control is the decisions we make” “There might never be a time in history for an opportunity like this” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
In today's podcast, Kevin is joined by Charlie Taggart, Charlie first attended a Progressive Property event in 2017 and since then has gone on to enjoy a successful career in property. Charlie left her full-time job as a lawyer in London and has gone on to make property investment her full-time job, even winning Progressives VIP of the year award in 2019. Listen in today to hear Charlie's story and find out how you can do it too. KEY TAKEAWAYS Q. When did you first come to progressive? I first came to progressive in 2017, I attended multiple streams of property income event. Q. Where you already involved in any property at that point? At that moment in time, we had one buy to let property and we were accidental landlords. We had just had our daughter and I was due o go back to work and I was a lawyer in London, with really long hours. Once you have a child all of that changes and I very quickly realise I was missing out on the most important to years. I was having to leave work each day at fie thirty to get home to see my daughter, this was having a knock-on effect on my job as well. I was in quite a bad place mental health-wise as I was under a lot of pressure, and around that time we found Progressive, and I just knew that was for me. Q. What did you get out of the event? It's a three-day event, and you have all of the progressive speakers there who give you an insight into every type of property strategy there is. We only knew to buy a property you have to save for a deposit and buy a house. I knew there must be something that we didn't know. Over the three days we had some amazing speakers deep diving into every type of property strategy, things we had never heard of before and it was just mind-blowing. We then joined the VIP programme. Q. Where did you start cash-wise? We didn't have any savings, we weren't financially educated and didn't start with any of our own money. Everything was Rent to HMO, to begin with. Q. How did you structure one of your deals? The first HMO that we got was through an estate agent, we knew what we were looking for and how to analyse a deal and then sourced it through an estate agency. It is a rent to rent for a 5 bedroom house, where we pay the landlord monthly rent. We then turned it into a six-bedroom house, we bought all the HMO licensing and rented it out room by room. Q. The people in the progressive community have they helped you in your property journey? Being part of the community is so so important, the mentorship alone, really helps you with direct questions and answers on a monthly bases. However the community is great, to be around like-minded people makes such a difference, it can be quite a lonely journey that you start on , to come here once a month who are either just starting out or who are ahead of you, you all learn from each other and everyone has already been through it. I have made life long friends and the support is amazing and we are a family and that's just invaluable. Q.How much time does it take after setting up a property to get the income coming in? Our first property took us a month to source the property and build relationships with estate agents, at probably 5 hours a week. To get a property set up will depend on the state of it in the first place. From start to finish it is usually about a month but our quickest has been 3 days. Q. Do you think you would be where you were today without progressive? Absolutely not, even when times are hard my husband suggests going back to a full-time job and I say “absolutely not!”. I owe so much to progressive, it has completely changed our lives. BEST MOMENTS “It quite honestly blew our minds” “I came to progressive, I got educated and I got mentored” “Life is so much better now” “If I can do it, anyone can do it” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. ABOUT THE GUEST Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Do you know you know the best way to market your property business? In today's market, it's now more important than ever to stand out from the crowd and market your property business effectively. Today, discover Kevin's top tips for marketing your business, the value in building a personal brand, how to expand your reach on social media and why networking events, billboards, and leaflets can still bring you a tonne of new business if you know what you're doing. Tune in to learn how to market your business, build a brand and get the phone ringing. KEY TAKEAWAYS: Marketing is fundamental for any business. It is not just about marketing your business, it is also about marketing your personal brand. What can you do to build The Brand Of You? Attend networking events getting to other people and other people getting to know you and your business. Attend both local property events as well as business events. Join property Facebook groups where you connect with like-minded people. Make sure you're active on every other platform of social media such as Instagram, LinkedIn. Interact on your social media platforms at least once per day. Helping and giving advice to others, as well as sharing your property journey as well as some of your personal life. How are you going to find the property deals and advertise to let people know you're looking for the deals? Start with estate agents. They spend a lot of money each month on marketing to homeowners. You can also go directly to the vendor. Things such as direct mail marketing campaigns work for many estate agents, therefore it should work for you and your business. Keep an eye out for “For sale by owner” sales boards whereby homeowners are privately selling their property without the help of an estate agent, knock on the door and speak with them. Use Bandit Boards to market your property making sure you carefully follow the rules of the ‘Clean Neighbourhood Act'. Use A-boards in local areas and offer leaflets out to people either yourself or by hiring someone else. Implement a strategy for all of your marketing ideas. BEST MOMENTS “Why sit watching somebody else build their brand when you could be building yours” “Leverage the estate agents.” “Follow the success and success follows” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. ABOUT THE GUEST Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
In today's episode, Kevin is joined by former Royal Navy communicator, corporate world project manager, Serviced Accommodation expert and Progressive Property VIP, Dan Eaton. Dan first attended a “Multiple Streams Of Property Income” event back in 2017 and since then has gone from strength to strength in the property industry and is now a full-time property developer and serviced accommodation provider. Listen in today as he describes his journey to success as well as providing top tips on how to make it in the property industry. KEY TAKEAWAYS: Tell us a little bit about what you were doing before you came to progressive? About 2 years ago, I came to progressive along with a friend. At the time I was a project manager in the corporate world, prior to that I had been in the Royal Navy for 10 years. Before this had you ever invested in property before? No not at all, I had watched ‘Homes Under The Hammer” but I was always under the impression that you needed to have money to do property. You attended the multiple streams of income event in 2017, what did you do off the back of that event? I signed up for some of the training courses that Progressive have to offer and I attended the masterclass and the serviced accommodation course. You decided that you wanted to do serviced accommodation, how did you do it? In the training we learned about rent to serviced accommodation, meaning borrowing a house or accommodation from the landlord and using it for serviced accommodation. We then found some properties in Cheltenham that we could do that with and we went from there. How critical do you think networking is to build your property business? It is absolutely essential. I met my business partner Andrew through networking, we took on his SA units. Then through other networking events, I've met others, the four of us are now in a partnership where we're doing a six house new build. It is absolutely imperative. Two of my deals now are off-market deals, because of my contacts through networking. What are your plans going forward? To be honest, it is more of the same. Our services accommodation is up and running, we have systemized a lot of that so I don't spend much time with that. I do the commercial conversion side and development side and the next 12 months, is just more and more of the same. We want to take on more SA units, we want to take on more commercial conversions some used for services accommodation and some used as starter homes. Why is the progressive property community so helpful? Coming from the commercial world where everybody is out for themselves, I couldn't believe how helpful people were in the property industry. I think it stems from whoever started doing property in the past, they had been successful, decided to help some people out and decided to pay it forward and it built into this massive community. The market for property is so vast, there are hundreds and thousands of houses. There is enough out there for everyone and I think the property communityrealisethat and want to help. What are your top tips for people who are interested in getting into property? Think about what it is that you want to achieve. Think about how you are going to achieve it. Start going networking and find people willing to help you. Get the education to make sure you are doing it properly. Attending progressive property events to help gain knowledge of the industry. Take action to implement. Join the VIP programme which will help keep you accountable. What do you say to people wondering if they are capable of being successful in property? I would say ‘Yes you can be successful', one thing I have learned is that you can achieve a lot of stuff, not necessarily straight away, but it is a simple process that you just need to follow. BEST MOMENTS “I was always under the impression that you needed to have money to do property” “Sometimes it's the deals you don't do that make you the money as well” “Networking is absolutely imperative” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. ABOUT THE GUEST Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Discover the top tips for refinancing your property, the dos, and don'ts of property, how to attract JV partners and the risks of refinancing with a mortgage. Tune in to learn how to maximise your profits and build your portfolio with the right property refinancing. KEY TAKEAWAYS: -You could purchase the property using yours or your JV partner's cash, by borrowing money or by taking out a mortgage using a deposit. - There are some risks of refinancing with a mortgage. If you buy a property with a mortgage from a bank and you put down a deposit of 25% and have the remaining mortgage of 75% with the bank. If in six months' time, you go to refinance that property with the same bank it is most likely that the bank will not value the property any higher than they gave you six months earlier. -What some people may risk doing, is to buy a property with a mortgage from one bank do a small refurb, six months' time refinance with a different bank than who the initial mortgage was taken out with. That can work in terms of the refinance, but you run the risk of getting blacklisted by the first bank. - Mortgage lenders like to see you keeping the product with them. Therefore the smart and professional thing to do is to use cash or a loan to purchase the property, do the work and then six months later, refinance onto your first mortgage product, rather than moving from one lender to another. - When applying for a mortgage, it is vital that you get a mortgage broker. They are able to get approval done that you would otherwise not be able to get yourself. They have good relationships with certain lenders and know what sort of things that you need to have included in your application for the lenders to say yes to your loan. - When choosing a mortgage broker, it is important to choose one that understands buy to let property. It is important that you stick to the same broker, don't mix and match every few months. - When the valuer turns up to value the property. Do not try and tell them what you think it is worth, however there are a number of things you can do to help you get the valuation to what you are looking for. Get pictures of the property before you do any refurbishments. Get pictures of the property in its worst possible condition. Get pictures the day the valuer comes to see the house. - This can help you to show them how you have added money from the purchase price. You showing his pictures from six months to today is one of the most important ways for you to help him come to realize that the value is higher. - Give them a copy of the tenancy agreement. He will base his valuation on a percentage of the rental income that you're achieving for that property. - Include a schedule of the works that you have done to the property since you purchased it to show that there have been a lot of things done since you bought the house that have added value. -Look for properties online that have sold with a higher comparable as you're looking for as a value for yours. BEST MOMENTS “The mortgage broker earns there money for you” “How is this property worth more money today than it was six months ago?” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Kevin McDonnell talks us through the Dos and Don'ts of successful networking. Networking events can be daunting and can be unsuccessful and time-consuming if you don't make that unforgettable first impression! Tune in today to find out how you can grow your network, make a lasting impression, attract JV partners and property investors and ensure that every networking event is a success! KEY TAKEAWAYS Where Can You Network? There are many places you can go to network. Progressive property run about 40 property networking events all over the country, meaning it is likely there will be a PPN event near you. However, it is not only about networking events, but it is also a great idea to attend business networking events both locally and in different parts of the country. Have in your networking plan, to attend other types of events as well as events in other locations around the UK and the rest of the world that can help build your power team. What To Do At Networking Events? Have a clear plan before you attend, don't just attend a networking event to listen to guest speakers. You should be bringing business cards to the events, you need to have a way that you can capture people's attention. As well as handing out your business cards, make sure you collect other people's contact details. You want to be listening to others, more than you are speaking about yourself. Learn a little bit about people, keeping your eyes and ears open to find the person who is looking to invest. If you do get the chance to tell people a little bit about yourself, keep it to a minimum and have what's called an ‘Elevator Pitch', practice this at home before you attend. Focus your pitch on the features and benefits of working with you. Make a list of people you need to help fulfill your power team, and go to the networking events to specifically source these people. -A key part of attending networking events is the number of people you speak to. You don't need to spend the entire event talking to just one or two people, you will be missing out on speaking to the majority of people at the event. The main goal of each networking event you attend should be to collect as many people's contact details as possible. Dress well when you attend a networking event. Don't give people the opportunity to have a negative impression of you based on the way that you present yourself. Give people the opportunity to talk about themselves, only speak about yourself if you're asked. Ask them, how you can help them and what they're looking for that can be mutually beneficial. Do not try to sell them things within the first few moments of meeting them. BEST MOMENTS “If you really want to scale your networking business, if you want to do a lot of property deals, then you're going to need the help of other people” “A wise person once said, ‘you've got two ears and one mouth, you should move them in the proportion” “People want to work with people that they know, like and trust” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
In today's episode, property expert Kevin McDonnell takes us on a trip down memory lane as he looks back on some of his biggest failures in the property industry and gives us his expert advice on how you can avoid making these mistakes yourself! Don't miss Kevins expert advice on how you can become a success in property! KEY TAKEAWAYS 6 Biggest Property Failures- Investing Abroad- Don't buy off-plan property. You are buying something that might go up, or down in value. You're also purchasing something that might not even get built, there is no real guarantee, and whilst you are waiting for the build to be complete you are not making any money from the property. Purchase property in an area you are familiar with that can make you money instantly and whereby you are familiar with the tax and property laws. Doing All Your Own Refurbs- This takes up far too much time which can stop you from looking for more property investment deals. The standard of work was also not up to the standards of professional tradesmen, meaning a few years later the poor workmanship will have to be redone. Tying to do those refurbs yourself, will cost you more time and more money. Waiting Too Long Before Quitting Your Job- Just commit and get out, because quitting your job will allow you to focus more on property and your results will have scaled massively once leaving your job, allowing the freedom and mind space to really focus on scaling your property business. Waiting Too Long To Hire Staff- Where in your business can you add income? Where can you put money into your business? Things such as speaking to joint venture partners, people who want to invest money into your business, negotiating property purchases or contracts on rent to rents with homeowners, that is where your focus should be. Outsource all the other tasks to staff such as property management, speaking to the tenant, maintenance inspections, all of the tasks that are time-consuming but don't generate income but rather take money from the business. Not Having A Clear System To Check Staff's Work- Hiring any staff comes with an element of trust, and sometimes in fast-growing businesses you can end up leaving staff to get on with their job whilst your focus is on other things. This could potentially result in foul play from your staff as they feel like they are able to get away with things easier as they are not being monitored. Create a system whereby this is not possible. Check your properties out, check your own staff out and make sure that what's being said is the reality. Not Hiring A Project Manager- A project manager will hire the entire refurb team to avoid any miscommunications between different tradespeople. If possible, make somebody you know or are familiar with and that you trust your project manager who can get the job delivered on time. Them being responsible for the project means that there's no way there can be any excuses or tension between the rest of the team. BEST MOMENTS “Mistakes are a part of life” “You only have to be right 51% of the time” “The richest people on this planet have made many mistakes” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
“The only way you fail in property is if you quit” Kevin started his property journey in 2003 and after the first 11 years was over £100,000 in debt. Since getting educated in 2014, he has built up a multi-million-pound property business with a cashflow of over £11,000 per month, lets over 200 rooms, owns over 30 single-let properties and is a speaker, trainer and mentor for Progressive Property. Today, Kevin shares with you his journey into propety, the struggles and the successes, tune in to discover how Kevin managed to build a multi-million-pound portfolio with none of his own money. KEY TAKEAWAYS First interest in property in the late 1990s when studying quality management at University. Discovered that becoming a landlord and property investor could be a full-time job. 2002 moved to London to work for Laing O'Rourke and began living in shared accommodation with work colleagues and began discussing property. As a result, Kevin Attended a 3-day property seminar in London realised he wanted to do property full-time. In 2004 Kevin attended the Property Investors Show in London and was attracted to off-plan properties abroad (Estonia, Turkey, Bulgaria). At the time Kevin didn't know how to creatively purchase properties without deposits. Unfortunately, Kevin wasn't familiar with these areas and in 2007 when the crash came Kevin lost all of the money overall loosing £135,000 plus interest on the loans taken out to purchase them and the properties were never built. For a while Kevin forgot about property, working harder in his job to pay off his debts. In 2009, Kevin moved to Nottinghamshire as a quality manager and forgot about property. Then in 2013, Kevin was contacted by Progressive Property offering him tickets to the Property SuperConference at Wembley. Attending the event Kevin was inspired by the speakers on stage, all of which had been in debt, just like Kevin. It was then Kevin decided property could work for him. In 2014, at the Property SuperConference Kevin invested in a number of training courses with Progressive and began with creative strategies such as Rent2Rent, lease options and started to build a portfolio local to him that he knew. Kevin rented one property which he lived in and rented the rooms out to other tenants (HMO) and met his now wife as a result. Kevin continued his creative strategies renting another property with an option to buy and backfilled his rent2rent property portfolio with tenants to cover the rent and generate a profit. Kevin was essentially living for free and building up cashflow to replace his income. In 2016 Kevin left his job and become a full-time property investor. In 2017 Kevin was asked by Progressive Property to run some training on how he build his portfolio without any money. This is where No Money Down, Rent2Rent, Lease Options and the No Money Down matrix was formed. Kevin also formed JV partnerships and now has 11 companies focussed on property as an individual and as a partner. Kevin now lets over 200 rooms and owns or has a stake in over 30 single let properties that are either owned or controlled by creative Rent2Rent strategies or lease options. In 2017 Kevin set up a lettings agent to help manage his time and look after his property portfolio. This has now been scaled as a business by itself to break even and additionally save Kevin time and money to do other things. The first 11 years in property Kevin built a debt of over £100,000. Since 2014 and training with Progressive, Kevin has built up a multi-million property business with a cashflow of over £11,000 per month and has an aim of one property deal per month. BEST MOMENTS “Always take positive steps towards success” “The only way you fail in property is if you quit” “Invest locally” “I buried my head in the sand and worked harder to pay off my property debts” “I thought I needed deposits to secure property deals” “I'd decided I want to do property full-time” “Property is the one thing that as made more millionaires and billionaires than anything else” “People have either made their money in property or have invested their money in property” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Want to make 2020 the year of financial freedom? Is it finally time for you to live the property investor life you've been dreaming of for years? Tune into today's podcast where property expert Kevin McDonell shares his 7 top tips that will make 2020 your year! Today, Kevin shares some motivational advice that will help you achieve your full potential and turn you into the successor you've been dreaming of, so listen in today and make 2020 the best year yet. KEY TAKEAWAYS 7 things to make 2020 your year. Mindset: mindset is key. Whatever it is you want to achieve, it all starts with belief. The starting point is believing in yourself and your success. If one person in your town can be successful in property then why can't you? You don't need to know everything to start, you just need to start and the rest will happen. Knowledge: Once you have the mindset that you can do this, you need to make sure you have the right specialist knowledge. You need to have not just knowledge of a strategy, but knowledge of your area. You need to know about tax, systems, builders and letting agents. It is not only about acquiring this new-found knowledge but using it to move forward. Time: You need to invest time into property in 2020. You need to prioritise your time. Try writing down everything you're doing with your time over a 7 day period and you will find you're wasting loads of time. If you can allocate 1 hour a day, 7 days a week you can move your business forward. Put the time into making your success and you can't fail. Money: You do need money to be involved in property however, It doesn't have to be your money. Even if you're doing a no money down deal, there is still invisible money involved such as the property value or borrowed money. You need to be able to access money from various sources when money is needed. Attend networking events, local, national or international events in order to grow your property business. Clear Goals: Each year before the new year approaches, you should write down clear goals for where you want to take your business in the following year. You need to do this before you end up too far into the new year and direction is lost. Make sure your goals are clear and structures. Follow a 6 step concept with your goals: Smart Specific Measurable Achievable Realistic Time Bound Take some time to write out the clear goals that are specific to you, and implement them do the steps to make sure that you achieve them. Willingness to accept rejection: There is not a single successful person on this planet that has not been rejected. Many people expect to get their first big deal and become a success within the first few months, it is not always that simple. Whilst it is a step by step simple process, it needs a lot of work. You need to be willing to understand that rejection is part of the journey, and it is part of the success. Do not let rejection stop you from moving forward. Accountability: Many people think that they are able to do property alone. The reality is, that you can't. Get yourself a mentor and your results will completely change. You need to be working alongside and be accountable to someone who has walked that road before you, who tells you ‘you are not thinking big enough' and ‘you can do this'. Somebody who gives you actions to take, otherwise life gets in the way. Prioritize your property journey as number 1. You need accountability from different places if you really want to get your business to where you want it to be. BEST MOMENTS “You don't need to see the whole staircase, you just need to take the first step” “Richard Branson has the same amount of time as us and he has over 400 companies he's involved in” “Don't try and run before you can walk” “You don't need to be perfect to get started, but you do need to start to get perfect” “You've got to earn your stripes” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Thinking of investing in a property but not sure what red flags to look out for? Well look no further, in today's podcast property expert Kevin Mcdonell tells you the warning signs to look out for on your viewing to avoid those unwanted costs! He shares with you his essential checklist to take on every viewing which will get you the best property deal and maximize your profit! Don't miss this exclusive advice which will help you reach your property inventing potential! KEY TAKEAWAYS When investing in property there are many things you need to, viewing the property, analysing the deal, etc. surround yourself with experts when it comes to the building work. They will understand how to break down the costings of specifics. It may not be possible to bring a builder with you on your first viewing. View The property by yourself first, and if it is a property you wish to proceed with then take an expert with you on your second viewing. They will be able to tell you about things that you may have overlooked or not thought about on your first viewing but they are important things for you to know. Tradesmen work on problem properties each day. Having them as part of your power team allows then to identify problems before you go ahead with the deal and save you a significant amount of time and money. Where to start when viewing a property for the first time? Park away from the property, down the street and analyze the type of area your potential property is in, allowing you to think about who your possible future tenant would be. Cross the road to take in a full view of your property, look outside for any potential structural issues with the property, as well as specifically comparing the roof of the property you are viewing with the other properties along the street. Walk around the perimeter of the property paying particular attention to the brickwork and any potential issues of damp. Enter into the property and in each room, you go into you will need to look at the ceiling, the floor, and all four walls. Look out for any red flags such as damp, loose floorboards, and plastering problems. A good idea would be to purchase a damp meter to take along to viewings. If you do encounter some current or rising damp during your viewing, a good idea is to get a builder to come along for your next viewing to give you a quote on what this could cost you in the future. Have a look around each wall of the property, keeping an eye out for cracks in the walls. You will almost always encounter some hairline cracks, but you are looking for larger cracks meaning you could have some structural issues. Take note of the doors in the property, do they close properly? Open and close each door to make sure it closes and latches properly. Take a look at the windows. Are the double or single glazed? Are there signs that they may be slightly dated? What material are they? Coming to the bathroom. Make sure you run the water (also do this with the kitchen), check the pressure and the temperature. Looking at the boiler is critical, how do I know if it's a good boiler? Take a picture of it and show it to your gas engineer. It is also recommended to look at the installation date. Typically, a boiler fitted within 7 years will be fine. Look for signs of service stickers. It's critical to look at the consumer unit. Consumer units are a few hundred pounds but legally, you have to have a metal box consumer unit. If you see a plastic one, this will need changing before your future tenant moved in. This is an additional cost. Take a look at the plug sockets, are they up to date or will they need rewiring? Take a look at some more general stuff in the property such as the garden, rivers/flood risk area? A good idea on your viewing is to bring a checklist of all the above, removing the risk of forgetting something critical which could cost you money in the future. If you think this is a property that you may want to buy, bring your builder along with you for your second viewing to eliminate any doubts, or to give you a price for the repair work. On your third viewing, finalise everything and get your offer in! BEST MOMENTS “ A good idea would be to purchase a damp meter to take along to viewings.” “Take a video for yourself, so you can have a look back in your own time and identify things that maybe you missed!” “Tradesmen work on problem properties each day. Having them as part of your power team allows then to identify problems before you go ahead with the deal and save you a significant amount of money.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Listen in and learn the expert tools to No Money Down investing success. Kevin covers 5 of the key No Money Down strategies from Lease Options to Vendor Finances and Assisted Sales To Rent2Own. If you're looking to fast-track your property investing knowledge, discover the fundamentals to some of the UK's most creative property tools and techniques, this is the episode for you. KEY TAKEAWAYS No Money Down Investing Tools Lease Options - This is where you would pay a small consideration upfront to secure a contract that agrees on the purchase price today but is paid for over a period of time. This is similar to the model of car leasing except that your asset appreciates in value over time and you can add forced value over time by renovating the property. This tool allows you to make a profit from day one by renting out the property to cover your mortgage/payment costs. Vendor Finance - The easiest person to joint-venture with is the vendor of the property you're looking to purchase. It's a simple tool that avoids fees and the need for you to save expensive 25% deposits. Let the vendor be your bank, service their debt and take over their mortgage. This model works as you're cutting out the bank, paying the vendor directly and it allows you to purchase properties BMV. Both you and the vendor are making a profit. Assisted Sales - Why buy a house that you're planning on selling 6-9 months later? There are a lot of costs involved when purchasing an investment property such as stamp duty, legal fees, capital gains etc. This tool is a joint-venture with the homeowner where you will agree with the property owner to delay the sale of their property, allow you to renovate the house and add value and then split the profits when its sold. Planning Gain - Use a lease option to secure a property subject to planning permission and then apply for planning permission. If you don't get the planning you don't by the land, if you do get the planning you go ahead and purchase the property and it's risk-free. This is an example of using two No money down tools together. Rent2Own - This tool utilises tenant-buyers whereby you move a tenant into the property and agree a purchase price. This price is lower than what you've purchased the property for and locks in your profit. The tenant-buyer then pays you a monthly rent and is also able to save up their deposit to purchase the property off of you in the future. This is renting in a non-traditional way whereby you're acting as the bank for the tenant and helping them to get onto the property ladder. Notes Kevin started investing in property in 2003 and made a lot of mistakes costing a lot of money. In 2013 Kevin joined progressive and in debt from his previous property dealings he had to get creative, and that meant investing in property no money down. No money down means investing with none of your own money and potentially using joint-ventures to fund your property investments. However, the strategy of No Money Down encompasses much more than just simple property investment, it covers tools such as lease options, assisted sales, exchange-delay completions, Rent2Rent, Rent2Own or vendor finance. The common problem with all property investors is they know what they want to do, they know the strategy they want to implement and the type of property they want to invest in, what stops them is they simply do not have the funds to invest. Working full-time and saving up deposits is simply too slow. If you're saving 20/25% to purchase a property over 5 years and every 5 years you're able to invest in another property you're only going to end up with 4 properties over 20 years. The method is just too slow and you'll run out of life, so you need to get creative. BEST MOMENTS “You can purchase a property for a pound” “Vendor finance is a massive opportunity to get No Money Down deals and BMV” “I see the amateur investor all of the time, they're trying to get deals at 20-25% BMV” “To be a professional investor you need to be creative, you can't only have one investment strategy” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Do you want to rent your property out privately but don't know where to begin? Are you scared about having a nightmare tenant? Join us today as property expert Kevin shares his tips and tricks to finding that perfect tenant for your property. Kevin takes us through the common mistakes and shortfalls made by landlords as well as sharing his expert advice on how to protect yourself and your property, as well as how to create the perfect listing which is sure to attract your ideal tenant! Tune in now to find out more! KEY TAKEAWAYS Things to be aware of to not give your property to someone who could cause you problems. What are some mistakes people make when looking for their own tenants? Only rely on referencing. If you only rely on referencing this could cause problems. They pass referencing checks but are not actually good tenants. The reason they pass referencing checks is that their previous landlord did not take legal action against them for issues such as owing money etc. The reason a landlord wouldn't take legal action on a bad tenant is that their main focus is to get rid of the tenant and get their property back. Taking a tenant to court is also a huge cost to the landlord, with no guarantee of ever getting their unpaid rent back. What should you do to find the very best tenants? It all starts with the listing of the property, make sure you have very good photographs. The good quality pictures will sell the need for somebody to want to view the property. As well as the pictures, the text really matters as well. Highlight the best features of your property such as “recently decorated” “lots of storage space” “fully furnished” etc, as well as including when the property will be available from and local amenities. If you already have the perfect tenant in mind then portray that tenant in your listing. Finally, you must always include a copy of the energy performance certificate as this is now legality of any listing. Where do i put my advert? If it is a room let advert, then the best place to advertise is Spareroom.com, as well as using OpenRent, Zoopla or Rightmove. Another great way to get a better quality tenant is by asking for recommendations from your current tenants! After all of this, how do I pick my Tennant? Referencing should not be your only source, there are still other things you can do to help you find your perfect tenants. Speak to their previous landlord (not their current) they should give you an honest appraisal of what that Tennant was like. Another way of doing your own research is by searching their social media accounts. This gives a potential insight into the way that they may treat your property. Another bit of advice is to always rely on your gut feeling. Ask potential tenants lots of questions and get to know them. Everything may add up on paper but if your instinct is telling you to avoid them, then listen to it! As well as this, bank statements are a good indication about whether or not this is the tenant for you. Get them to give you a copy of their bank statements from the last 6 months, whereby you can clearly see the rent being paid in their previous accommodation on time. Always get a guarantor that is in a better financial situation than your potential tenant, so that you know if your tenant is not in a position to pay the rent, their guarantor will. Taking deposits from tenants is a good way to protect yourself should there be any damages made to the property. In shared accommodation where damage could occur in communal areas and working out which tenants deposit to deduct the costs from, a good idea would be to scrap the deposit and up the rental value by a small amount each month, keeping this little bit extra aside each month to cover any costs that may have occurred over the duration of the agreement. BEST MOMENTS “If you only rely on referencing..this could cause problems!” “If you have the perfect tenant in mind, then portray that in your listing” “Always, always rely on your gut feeling!” “Speak to their previous landlord, they should give you an honest appraisal of what the tenant was like” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Jump in and hear live questions from the UK's largest property community. Kevin resumes his Q & A with Keiran Kevan. Listen in as they dive into lease options, Rent2Rent strategies and the art of negotiation. Discover valuable insights from property investors of all levels of experience and hear the real life deals investors are making right now to secure NMD, Rent2Rent properties below market value and with great potential for profits. KEY TAKEAWAYS In negotiations, you must walk away at least once. Most people get emotionally involved in a deal that they grab the keys no matter what, spend more and end up losing money. Babysitting is a term used in property when you're looking after somebody's mortgage as part of a lease option agreement. A lease option means that you're contractually and legally bound to pay that mortgage, the title deed is still in the vendor's name and you remain responsible for taking care of homes maintenance. If you invest in rent2rent you will not benefit from the capital growth of the property, however, if it's a lease option that you absolutely will as you agree to purchase the property and will gain from any capital growth in the property. Rent2Rent is a strategy that can be utilised on both HMO, SA and Single-lets. All Rent2Rent does is replace the word buy with rent. It's a strategy that can be used with a variety of properties but you need to make sure you're using it on the right ones. The sweet spot is a 4-bed home that can be converted into a 'HMO' which will generate higher rents and will cost the same as a 2 or 3 bed. Rent2Rent needs to fit the property that you've secured. Don't focus on one strategy and only look for properties that fit your certain strategy. What you need to do is fit properties that you can secure BMV or with lease options and then fit the right tool/strategy with the property. For a 1 or 2 bed, this might be a sing-let, for a 2 or 3 bed it may be a Serviced Accommodation depending on the area and for 4 beds and more a 'HMO' strategy might fit. You need to be flexible with your strategies to make the most profit. New council tax regulations are forcing investors to add a break in Rent2Rent contracts stating that if the council tax band in the properties area changes the landlord will be responsible for additional council tax charges past one room. BEST MOMENTS “Always stick to your guns” “You cannot cut your own throat to secure a deal” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
Jump in and learn the top three strategies for making money through property, discover how to get started without any money and which the tools, strategies and techniques to use to replace your income through creative property investment and become a full-time investor. Find out how to use the 70,20,10 model to your advantage and begin investing in your local area right away. KEY TAKEAWAYS The top three strategies will depend on your area and what part of the country you're investing in. However, there are a variety of good strategies you can get started with such as single lets, serviced accommodation, Buy-to-flip, commercial conversion and HMO, although you will need tools like Rent2Rent and lease options to achieve these strategies, that's how you can be creative and begin investing without any money or if you're in debt. Picking the right strategy for you also depends on your goals and what you're looking to get out of property. If you're looking for a cash flow strategy, long-term retirement investments or simply big pots of cash you'll need to big the right strategy to most effectively achieve those goals. Pick the strategy that works in your area and then the tool to make that strategy work because if your plan is to buy property and rent them out it will not work, you'll run out of money before you have enough houses generating a substantial monthly income. Property investments are not bought by saving up and buying houses, there's not enough time so you need to get creative. Rent-to-Rent is the quickest way to get started in property, it's the fastest way to achieve success and to build your property portfolio. Aim to set the initial goal to replace your income Lease options are a creative No Money Down investment strategy but do not attempt a lease option without any training. A lease option means you will have two contracts, one to buy the property and one to manage the property along with a consent to let. You will not be buying the property yet so there is no need to get a mortgage all you have done is agree to buy the property from the owner. Lease options are a great way of investing in property when you don't have any money. A lease option is not a strategy but a tool you can use to deliver a strategy, for example using a lease option to obtain and own a single-let. BEST MOMENTS “Getting the knowledge to invest is easy, it's when you don't have the cash that you need to get creative.” “Don't try and do something along, at least try and get some experience” “When I first started getting into property I was in debt and my first property was a Rent-to-HMO. I owned and lived in the property and rented out the other rooms which covered the cost of the mortgage and outgoings.” “Manage your property strategies using the 70,20,10 model. You need to test different strategies for your area until you find what works and upscale.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
In today's episode, Kevin reviews his recent No Money Down 24 Hour Challenge. Listen in today to hear his personal insights and behind the scenes exclusives from that day. Gain insights and essential information which will guarantee you to secure a No Money Down Deal in no time! See what property expert Kevin did to secure viewings, leads and funding to ensure he made not one, but TWO no money down deals in under 24 hours! KEY TAKEAWAYS The challenge began at 6 am where Kevin quickly learned that the 24-hour challenge would not be a “24-hour challenge” as such. With estate agencies typically closing their doors at 6pm his 24-hour window just halved into a 12-hour challenge. The next thing Kevin discovered about this challenge is that it would not be taking place in his local area, an area of which he is extremely familiar with when it comes to property knowledge. He soon learned the challenge would be taking place in Norwich, a town he had no prior knowledge of. Kevin made the quick-thinking decision to ask another member of the team to drive him there so that he could utilize the long journey to do some research on the area and hopefully find some leads. Kevin used various different social media platforms such as Facebook, Gumtree and Spare Room in order to increase the percentage of an investment. These social media sites often have vendors advertising their properties, which enables direct to vendor viewings and deals. Direct to vendor deals are desirable to both parties since they cut out the agency fees. After making several phone calls, Kevin made contact with two agencies whereby assisted sales could be an option. Whilst both of these avenues led to positive roads, the time restraint meant that no money down deal would not be possible due to the landlord's schedules. Really positive agent, but not quick enough to get a deal done in a day. Kevin then had a viewing with an agency. This viewing did not go well at all. The reason being, that Kevin was unable to answer the agents questions when it came to his local knowledge. Had he had a longer time frame to do his research, Kevin would have been able to answer the vendor's simple questions and build a trusting rapport with the agent. This shows the importance of having up to date knowledge on your area, make sure you research and no your goldmine area inside out. One of the biggest challenges was just getting viewing. Kevin rang numerous agencies and enquired about making viewings, but kept getting rejected. He rang over ten agents and kept getting told NO. This did not make Kevin quit the challenge however and he still continued to chase leads and call more and more agents. Do not let rejections let you quit. Rejection is part of the process. Keep chasing because these will eventually lead to deals. During the drive to Norwich, Kevin placed online adverts for tenant buyers. Within two hours of this advert being placed, he had already sparked interest and received leads and possible funding. Kevin made the decision to sit in a cafe and call different leads he had received as well as estate agents to see if they could assist him. Once again, Kevin's advances for no money down deals were met with rejection. Although the agents weren't necessarily saying no to working with him they were saying no to arranging viewings at such short notice. The day went from bad to worse when Kevins Spare Room account got shut down. This was because he had sent messages to around 50 landlords via the sites messaging service all saying the same thing. This was again, due to the short time constrictions. In reality, it is not a good idea to use the sites messaging service, it is recommended to phone the landlords directly, or arrange viewings to speak with them face to face. Finally, 12 minutes to 5 in the evening, a deal came through. A developer had 13 apartments not sold and was willing to do a deal with Kevin for guaranteed rent. This came about by calling over 100 people, agents, vendors and advertisers, showing the more people you call the more you increase your risk of getting a deal. After this, more and more calls were coming in and Kevin went to more viewings. One of which, the vendor was willing to complete a deal however Kevin declined this deal since it did not feel right. Do not so any property deal, do one that is right for you. Finally, a second deal came through, again thanks to Kevin's persistence in contacting valuable leads as well as his social media presence. This agent and the landlord agreed to a long term lease with the option to buy. If you do the right things in the right order for long enough you cannot avoid getting a deal. Had there been a longer period of time for Kevin to prepare for this challenge, more emphasis would have been placed on both types of research into the area as well as additional marketing such as leafleting. The key to Kevin completing this difficult challenge was chasing so many leads and making contact with as many people as possible. Do not get disheartened by rejection as eventually, you will make a deal. BEST MOMENTS ”After meeting with the second agent I felt very confident, I felt like they would reach a deal in no time at all, I would be out of there by lunch.” “Within two hours of placing this advert, I had already received leads and funding.” “Finally, with 12 minutes to 5 in the evening, an agent gets back to me with a deal” “Later on during the day, I was receiving all sorts of calls from Tennant buyers and had around £10,000 worth of funding from tenant buyers” “If you do the right things in the right order for long enough you cannot avoid getting a deal.” VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ See omnystudio.com/listener for privacy information.
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 See omnystudio.com/listener for privacy information.
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
Do you want to become a master negotiator? Do you want to secure property deals and grow your business? If the answer is yes, this episode is for you. Your host, Kevin McDonnell interviews world renowned negotiation expert and best-selling author of bare-knuckle negotiation, Simon Hazeldine. Kevin and Simon discuss the key skills you need to have to become a master negotiator, mistakes to avoid and techniques to follow to ensure you end up with the deal you deserve. KEY TAKEAWAYS What do you see as the key skills of a master negotiator? Being a good negotiator is a critical part of your skill set, have a successful property portfolio, property investment, investment business. What makes what makes a really good negotiator is research shows, for example, a good negotiators gather twice as much information as they give, they focus a lot of time, a lot of efforts, a lot of energy in doing what I call getting inside the other person's head and understanding things from their point of view. Good negotiators are also very well planned and prepared. Make sure that people are thoroughly planned and prepared, that they follow a planning process that increases your confidence that helps you consider options before they come up. A good negotiator doesn't do every deal and a good negotiator does every deal that makes good commercial sense. Knowing when to walk is another important thing for people. Patience is also a good thing to be acting unhurriedly even if you are in a hurry, remaining as calm and objective as you possibly can because emotions can obviously flare, human beings are very emotional creatures. Be very polite and respectful is also a good thing. A good negotiator does less what is called irritating behaviours, finger pointing, aggression, sarcasm and insults. Keeping it professional is an important thing to do, particularly if you want to be doing repeat business with that individual or that organization. Good negotiators have the ability to step into their shoes of a seller and see it from the seller's point of view. Price is a factor in any negotiation. Usually, it is very rarely if ever, the only factor and if it's just got narrowed down to price, you might be missing other opportunities to add value to the deal for the other parts. It is always about the people, the people who own that property that you want to buy must be willing to also sell it to you or want to do a joint venture with you. If you find out what's most important to people and then you show them how you can help them get what's most important to them, that's selling a negotiation in a nutshell. Solve their problem instead of trying to buy their house. What are the biggest mistakes people make in negotiating? Moving too quickly to sort of doing the bargaining, how much are we going to pay and then that they don't spend enough time planning and preparing. They don't spend enough time understanding the perspective of the other person. New property investors, property developers are sometimes very anxious to get some notches, some numbers and get some deals done and sometimes pursue a deal far too long when they should walk away because they feel nothing's happening and it's not working. If your first five deals that you sign up roll pretty badly, you're going to have those bad boys in your portfolio for a while. Definitely move fast but move faster when the deal is right. Tips for getting better results in a negotiation. Do your homework and do your research. Knowledge is power, walk the streets, have a look, get to know the areas, monitor things, watch what's happening. Ask more questions, do less talking and more listening. Find out if you can construct something that is going to meet what that person needs, solve their problems and take away their pain. BEST MOMENTS “People think that negotiation is the sexy exciting cut and thrust, but that's only going to be sexy and exciting if you've done your homework in advance.” “The more time you invest in the deal, the harder psychologically it is to get out it.” “Neuroscience research shows that 95% of the influence on our decisions is from more emotional primitive regions of the brain.” “Average man or woman in the street thinks negotiation is open high, drop down, meet me halfway and back and forth but it's much more than that.” “Empathy is different to sympathy, empathy just means I get how you're feeling, I understand how you're feeling, I understand why this is important to you.” “Word of mouth is very powerful and also a very bad form of marketing, depending on what's being said about you.” “Understand that if you feel a bit uncomfortable, that's called being human and that's really normal and that's not a bad thing.” “The more you learn, the more you earn.” “The more desperate you are, the worst deal you will do.” “If you don't ask, you have rejected yourself.” “You make your own luck through the work and the effort and the focus that you put in.” VALUABLE RESOURCES simonhazeldine.com https://kevinmcdonnell.co.uk/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell ABOUT THE GUEST Simon Hazeldine is a world renowned negotiation expert and best-selling author. Simon is an international speaker and has worked as an expert consultant in the area of sales, negotiation, business performance and applied neuroscience with Fortune 500 and FTSE 100 companies. CONTACT METHOD Website: simonhazeldine.com Twitter: @simonhazeldine Email address: simon@simonhazeldine.com See omnystudio.com/listener for privacy information.
In this episode of the Progressive Property Podcast, Kevin McDonnell interviews Disruptive Entrepreneur and Progressive Property Co-founder, Rob Moore. Tune in today to hear them discuss the UK's biggest property event of the year, what you'll learn and why you should attend. KEY TAKEAWAYS What's your favourite property investment strategy? My personal favourite property investing strategy is commercial conversion, because that's what we do and that works for us, because it works well in Peterborough, there are good deals that need planning and we've worked out how to get the planning and we're doing one that's 85,000 square foot that could be up to 160 units. No money down is a way of buying, rent to rent is a way of buying, a lot of people confuse strategies, they think they're going to do rent to rent or no money down or lease options, but actually no, what you're doing is a way of buying a property. Rent to rent is just circumventing needing a deposit, lease options are circumventing needing a deposit, we use all of those strategies within the strategy of commercial conversion. How many years have you been doing property now? December 15, 2005, was the day my life changed. The last week of that year, I met Mark up my very first property networking event and in February 2006, I started my property investing career properly working in a property company and buying with Mark. That's 13 years nearly. When was the first super conference? 2010 was our first really big event, there's a lot of people that start property training, who never really got much property and that's how progressive is different. The critics say there are too many people out there who teach but haven't done and maybe there are some, but how we're different is every strategy that we teach, we've done. Why did you stop doing the super conference? Those events got more and more expensive, like hundreds of thousands of pounds, this super conference will cost us 500 grand, half a million quid to run an event. The bigger the room, the more expensive they get. That was one thing. The second thing was we started to think if there's a cheap strike if there's a bomb scare if something goes wrong and three to six months of our marketing and our revenue are based on this one event, massive risk. The third thing was I like connecting with people, I'd prefer to speak to 100 people or 200 people than in 1400. I'm better in a smaller room. Every speaker loves the thought of the big stage, but I started to feel more disconnected. We bought our own training sweet over there, what's the point in going into massive events in London when you can do in smaller events here. What's the main thing you're sort of excited about a product? One of them is creating multiple streams of income. We want to teach you how to create multiple streams of income. The second thing is we wanted the quickest cash flow strategies. What is the reason you give too much content without stopping? My Why is trying to earn respect and love from people and that just won't go away, I love property and I love business. Attend the 10X super conference and learn to be the best. BEST MOMENTS “The harder my challenges are, the more motivated I am.” “All the property strategies that we teach work, otherwise it wouldn't teach them.” “I did single let so many years, but when you've done loads of them, you kind of hunger to scale up and your time isn't worth just doing a single that when you can do bigger stuff.” “I don't want people to look at me and say, “Rob is doing big commercial conversions, that's what I'm going to do.” if they haven't done a single let yet.” “There are too many people out there who teach but haven't done” “I never teach anything unless I've done it.” “You can learn something from everyone if you stay humble enough to look at someone.” “To know not to do is not to know.” “The easiest person to lie to is you.” “It's okay to fail and it's best to fail small and fast.” “Mindset skill set strategy and tactics.” VALUABLE RESOURCES https://robmoore.com/ https://kevinmcdonnell.co.uk/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell ABOUT THE GUEST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK's No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything” CONTACT METHOD Rob's official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 See omnystudio.com/listener for privacy information.
Do you want to know how to raise joint venture finance? Do you want to learn how to finance deals with none of your own money? Do you want to build a property power team that could make you millions? On today's episode of the Progressive Property Podcast, your host Kevin McDonnell interviews Co-founder of Progressive Property and expert in JV finance, Rob Moore. Tune in today to discover the skills, techniques and tools you need, to successfully raise millions in Joint-Venture finance and fund your property empire. KEY TAKEAWAYS In raising JV finance, have a folder of deals past and present. Any deals you've done past and present, keep them in that folder. With this, there's an element of social proof in these deals because one element of doing joint ventures is having good deals. A great deal that's put out there enough and is seen by enough potential JV partners probably will find the money. Some JV partners that you'll meet, they will be most interested in the deal itself. You should always have these deals in a folder even if it was 20 years ago, with this, when the joint ventures partners see these deals, they will even notice that you have been in properties for 20 years. The next thing is when it comes to joint ventures, you want to imagine that you don't need the money and you want to build the relationship as if you don't need the money. What a lot of people do is they don't really do anything and when they need the money, they're posting in Facebook groups, they're pitching to people. If people think you want them only for their money, you're going to get a much lower conversion and you're going to push some people away. There are FCA regulations around pitching for joint ventures and actually when it comes to a JV where there's equity involved, you can't properly pitch until you've got some evidence that there are a sophisticated investor or a high net worth. It's better for them to come to you than for you to go to them because of those regulations. The next thing is having more than one JV partner to access. If you only have one JV partner, then they have a little bit of negotiation power and leverage because you need their money, they may know you need their money and that gives them a bit of power. If you had three partners, you can go to them all with your next deal and if one wants a little bit more, you can just say, I have other partners I can go to for this deal and so you have a little bit more of the control. If you don't tell people about the deals you've done, they'll never know, but I think if you leave a bit of information and education as well, I think it just comes across a bit better because people can get value from your post. So you've got to showcase your journey on your own social media in the progressive social media, and other property groups, on LinkedIn, on Instagram, etc. And then over time, three months, six months, people are going to connect with you and it works, it actually works better than you pushing to them. The best kind of attraction marketing and finding what you might call your ideal JV partner is to communicate in your content in their language, putting their specific needs and desires in your content. when you're doing your content, you might say, I don't do deals under a quarter of a million pounds, because I don't find that they are great leverage, I tend to do deals between 250 grand and half a million. When you say that, you don't attract people who can't do a 250 grand deal, because you've said I don't do deals under 250 grand. Or you could say I bought a lot of single lets in my career over the years, I'm now scaling up and doing bigger developments. In a way that's just gently pre-qualifying, attracting people who could only afford a single let. When it comes to a joint venture, do it with one investor if they've got the whole purchase price. If you're doing a joint venture, and they put the deposit in, you've got to go through all that rigmarole of applying to get a mortgage and proving where the funds come from. And the way that the question of source of funds, if they know that you borrowed it from a JV partner, you might get declined on the mortgage, you need a really good mortgage broker and really good technical advice, and you don't want to fall for foul or then accidentally committing mortgage fraud by not filling the form in properly and then you've got the mortgage company has the first charge. So the investor can only have a second charge or a restriction. If you go to London Business angel or any kind of angels den, they will ask you if are you an investor or are you sort of looking to pitch for money? You want to go in there to meet the investors but ideally, you don't want to pitch early because they'll always look at you as the person who's looking for the money, which is fine, but the guys with the money probably feel like they have control. You should go there, you meet investors, you build your network and then you develop relationships with them outside of the network and that's probably the best way. Charity balls and flying clubs, there's a massive, really wealthy and successful and inspiring people there. Definitely get along to those events if you can. You can also raise the money by borrowing the funds from your family members, relatives or even from your close friends who have the money and wants to invest in your business that you want to start. Progressive property networks work really well for people as well. The good thing about business networking events is they don't have as many property people in, so when you stand up and do your elevators pitch, you're usually the only property person and that can be an advantage. Give an investor reasons for him to invest with you which include: Credibility. This is having integrity and being honest. Return. Some people looking for a return when they want to invest. Exit, some people want to go out and get their money out before they put their money in. Security. When an investor invests with you, is their money safe? Trust: For a lot of human beings, trust is the biggest thing. Can they trust you? BEST MOMENTS “A great deal will always find the money.” “If people think you want them only for their money, you're going to get a much lower conversion and you're going to push some people away.” “Pushing people away and make making them want it a little bit more as effective sales.” “Try and build relationships and find JV partners before you need the money.” “Make sure you publicize your journey of what you do.” “If you put content out on social media, it won't cost you anything, so it's only your time and make sure you put content out there linked to the people you want to attract.” “It's easier to keep one partner happy than it is three or four partners happy.” “Don't accidentally push money away by only requesting the deposit, request the full purchase price first.” “Every master was once a disaster.” “If you don't risk anything, you risk everything.” VALUABLE RESOURCES https://robmoore.com/ https://kevinmcdonnell.co.uk/ ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell ABOUT THE GUEST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK's No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything” CONTACT METHOD Rob's official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 See omnystudio.com/listener for privacy information.
Exclusive Interview with Property Superconference Speaker and Deal Packaging legend, David Siegler. The upcoming 10x Property Superconference has the power to change your life, and In today's episode, Kevin interviews one of the most experienced property investors in the business, and who will be speaking at the Superconference in just a few weeks time. In this interview, Kevin talks to David Siegler about his journey into property, his specialism in Deal Packaging and why getting a ticket to the 10x Superconference will change your life. Key Takeaways We saved a deposit, and got a mortgage and bought a house. When I first started it was a really slow process and the cashflow was limited. The problem was there was no one to ask, no one to ask how you can improve your skills, or learn from others. I was stuck. Rob and Mark were out there buying property when I was sitting at home watching daytime TV. I now have a deal packaging business. Which I learnt how to do at progressive property. In year one I was able to pay myself over 140,000 and then each year since then I've turned over six figures. I've been able to reorganise my property portfolio, which initially I was netting around £3500 but then without buying any more properties, due to getting educated, I was able to increase that to over 8K a month. Why did you want to invest in property? I got into property by accident, because I had a retail business. On several of our units, we were able to get the freehold, so we then started buying various over the years when they became available because it can help enhance your balance sheet. I love property because if you hold it for long enough it will go up in value. What's your favourite property strategy? My favourite is deal packaging because it's all about the cash. I have residential and commercial properties, but with deal packaging, you can get cashflow without having to get any more tenants. I had a lot of contacts where I didn't want to buy so I could then help others by selling them on. What's your journey been to being on the stage at the 10x Super Conference? In 2014 I threw myself into deal packaging, and it was a lot of work to do initially. 12 months later I learnt about the speaker training at Progressive, and took the course, to become ready to speak. I would then drive around doing twenty-minute slots in various locations around the country. Who is your biggest inspiration? In business and in property, I think Progressive Property is something special. How Rob and Mark have built this from nothing over the years, is incredible. Special people are going to be in the room at 10x conference. How has deal packaging changed over the last few years? The cutting edge deal packaging is around serviced accommodation. When I first came into property serviced accommodation wasn't a thing, but it's the way to earn money quickly in property. Rent to Rent deal packaging is also an area where people are earning a lot of money very quickly. Why should everyone be excited about the 10x super conference? Mark Homer who is the smartest man in property in the UK and one of the smartest men in business and he is speaking. Grant Cardone, is there, who will 10x your life and supercharge your property business. Finally, we have Rob Moore and all the other speakers. Then there is a secret speaker who is a major player in property, all to be revealed. What does 10x mean to you? For me, it feels aspirational. It can be a goal in the future for anyone. If you aim for 10x then even if you don't get there you'll still be making a lot of money. It changes your mindset, your contacts change, your friends change and the way that you think changes. Valuable Resources https://www.10xpropertysuperconference.com/10xhome Best Moments ‘When I started there was no property education.' ‘Everything stopped in 2008, because of the crash.' ‘I spent three years at home.' ‘I joined the deal packaging family.' ‘The power of the property was keeping my business going.' ‘I got into property by accident.' ‘Property is the most passive way to keep my finances up-right.' ‘Deal packaging allows for cash flow without any tenants.' ‘I work with people in my business.' ‘My job now is investor facing.' ‘Your the go-to expert for deal packaging.' ‘If you know how to do it then you can find deal packaging next week.' ‘If you can build your war chest now then you can fund your property business.' ‘Progressive property is a magical place.' ‘We are changing lives here.' ‘Everything I have achieved as a speaker I owe directly to Rob Moore.' ‘You have to put the work in.' ‘I was totally committed.' ‘I practice my speaking, and all the conversations I have with investors and builders.' ‘You have to get the training, and work hard.' ‘In deal packaging, you have to know all the property strategy.' ‘You can now book serviced accommodation on your phone.' ‘I love learning all the time.' ‘What gives me the drive to keep going is helping people.' ‘10x is a whole mindset shift.' ‘10x is about the bigger picture.' ‘I'd spent 40 years in business without a 10x mindset.' ‘If I'd had the mindset 30 years ago I would have been a different person.' ABOUT YOUR HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell ABOUT THE GUEST David is a property expert with over 25 years' experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours. CONTACT METHOD David's LinkedIn David's Facebook See omnystudio.com/listener for privacy information.
Is going big or go home the right strategy? You hear a lot of people, especially on social media, talking about ‘going big or going home' as being the right strategy but what if this isn't right for you and your circumstances? In this episode, Kevin talks through why you should ignore that talk and focus on your own goals. Kevin talks through the best ways you can set SMART goals in your property business, whether you are aiming to save for your pension or you want to become a property multimillionaire. If you haven't set your business goals yet this is the episode for you. Key Takeaways Everyone's goals are different. It's important to set goals that are important to you, and related to what you love not influenced by other people. Sometimes, it's enough to know that you can quit your job if you need to. You might love your job but would like to build a bigger pension pot. Even aiming to earn £3,000 to £5,000 a month from property is a great goal. We don't all want to own hundreds of properties and that is fine. It's important to set your goals effectively, whatever they are. Make sure you write your goals down and that they are not dreams. To ensure they are not dreams work out how you are going to achieve these goals and when for. For example, if you want to earn £5,000 a month from property, set a date in the future when this will happen. A really good technique for goal setting is SMART which stands for Specific, Measurable, Achievable, Realistic and Timebound: This means being really precise in what you want to achieve, and how you are going to do it. For example, this could mean the type of property that you are going to purchase, how you are going to fund it or what type of marketing you are producing in your property business. How are you going to measure where you are in your journey? In terms of marketing; how are you going to measure the success of your marketing. Once you start to measure your marketing results you can create Key Performance Indicators (KPIs.) KPIs allow you to adapt and change based on evidence. You will know how many leaflets you have to deliver to get one deal through for example. Make sure that your goals are achievable from the position that you are starting from and in the time you've set. Recently I heard of one client who had a goal of purchasing 2,000 properties within two years, all of which would be through a tenant buyers process. Progressive Properties, which has been going for ten years only has around 700 properties, so this was just a completely unachievable target. When setting your goals you have to make sure that they are grounded in reality. All sorts of factors can make a property deal realistic or not such as access to finances, JV partners, savings and where you live in the country. Similar to achievable make sure you are being realistic in your goal setting. There is nothing more disheartening than a goal which is not achieved because it was too unrealistic to start with. Time-bound. Make sure you give yourself a deadline for your goal. This might be delivering 1000 leaflets by the end of next week, or speaking to five estate agents in a day. Once you have a time-bound goal you can measure where you are against that goal. In our day jobs, we are sent on lots and lots of training. This is to enhance the companies profits not just give you a good personal development day. Similarly, in property, make sure you educate and invest in yourself to make the most money possible and achieve your goals. Best Moments ‘Everyone needs to focus on doing what's right for them.' ‘Don't worry about other people's path.' ‘What's important is how smart you work.' ‘Don't have dreams, have goals.' ‘Focus on you and your goals.' ‘KPIs are critical for all successful businesses.' ‘I'm always checking where I'm at in terms of KPI's.' ‘Be specific about how you are going to measure your success.' ‘The reality is that a lot of people have dreams rather than goals.' ‘Where success happens failure often has happened at some point before it.' ‘We are all failing forward.' ‘Sit with your mentor to figure out your realistic goals.' ‘Stop listening to all those 5 am club people.' ‘Focus on your own path.' ‘Do something every day that gets you a little closer to achieving goals.' ABOUT YOUR HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell See omnystudio.com/listener for privacy information.
Would you like to network with 12,000 like-minded property investors? Learn from some of the most experienced, and successful property entrepreneurs in the world? Then the 10x Superconference is for you. Kevin Mcdonnell, the host of Progressive Property Podcast, interviews Mark Homer. Listen in as Mark talks about being one of the speakers at this year's conference, which is all but sold out. Mark also talks about his journey into property, what are the best strategies at the moment and what he’s going to be talking about in his presentation at the conference. KEY TAKEAWAYS Most of my time is spent doing property deals, running our property business. I’ve bought, sold and refurbished over 800 properties. At the moment I'm doing a lot of commercial conversions into residency. I help oversee our letting agency and the numbers for the business. Why property? It’s all about the returns. When you’re talking about property things start and finish with return on capital invested. There are lots of leverage you can get on one single let, compared with other investment types. I’m doing more and more, larger buildings where you can get a return of 25-30% back on a property. Not many other investments would give the same returns as property. I started with small terrace houses. I was buying, refurbishing, and building up my portfolio. I graduated into bigger buildings, and HMO’s. It’s been a fifteen-year journey for me where I’ve ended up doing more and more commercial conversions from pubs and empty buildings. What's your preferred strategy? This is very much based on things that are of their time. I’ve recently gradually started doing more and more commercial conversions around putting a retailer on the ground floor and converting the higher floors into flats for example. Often the projects I do are opportunity-led and of its time. Whose has been your inspiration? In terms of residential and property, I would say Andreas Panayiotou. I think he ended up owning thousands of properties in London over the years. In terms of investors, I do think Warren Buffet is great. I love his long-term attitude to investing and he compounds his returns. Why do you think you should attend the Superconference? I’ve moved on in my journey because I’ve learnt from other people. I’ve learnt how to do the tax, contractors and others. At this conference, there will be 12,000 other property investors in the room and the speakers. Grant Cardone portfolio is nearly a billion dollars. We are all doing different things. What are you going to be talking about at the Superconference? Lots of things are changing in our economy at the moment and I'm going to be talking about how we can take advantage of the uncertainty. I’m going to go through a couple of case studies which I’m working on at the moment. Is there 'one' really exciting thing about the Super-conference? In terms of finding the right commercial buildings, finding the right partners and finance. I think people will hopefully get a lot of interesting different things. There will be a lot of different mindset of things there with Grant Cardone. I’ll be speaking and learning about different strategies. Top three benefits of attending the Super-conference? Property starts and finishes with income, and cash flow, replacing that income. Networking with other people and are like-minded. How inspiration is it to have all these speakers who are coming, What has property done to 10x your life? 10x is different to me than for others. For me, it’s around commitment but growing in stages and making mistakes at the right level. As soon as you know everything and you have the right data it's vital to scale up. If you know it works you need to make sure that you scale it up to make it work. BEST MOMENTS ‘Most of my time is spent doing property deals.’ ‘The returns are really good.’ ‘The stock market is harder to get right.’ ‘I like turning older properties that haven’t got use into residential properties.’ ‘Often the best time is now to get into property.’ ‘Don’t extend yourself at the minute as we are in the second half of the cycle.’ ‘Warren Buffet has been a big inspiration for me. He reads for hours everyday.’ ‘The experience and knowledge is deep in lots of different niches.’ ‘There are lots of different options even if you don’t have any money.’ ‘I met lifelong friends at the last conference.’ ‘Always invest locally.’ ‘Try and avoid scattergun approach.’ ‘Try and find the best letting agent.’ ‘If you go to a new town you have to learn everything all over again.’ ‘You can make millions of pounds in one deal.’ ‘If you don’t know the detail, and start from the bottom you can lose out.’ ‘Everyone is always learning.’ ‘The inspiration you will get from all these people.’ ‘You have to work hard and work smart.’ ‘Get into your niche and be the best at whatever that is.’ ‘I’ve moved on in my property journey by learning from others.’ VALUABLE RESOURCES www.10xsuperconference.com ABOUT YOUR HOST Mark Homer Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best-selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined. CONTACT METHOD Markhomer@progressiveproperty.co.uk https://www.linkedin.com/in/markhomer1 https://www.facebook.com/markprogressive https://twitter.com/markprogressive ABOUT THE GUEST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell See omnystudio.com/listener for privacy information.
Would you like to network with 12,000 like-minded property investors? Learn from some of the most experienced, and successful property entrepreneurs in the world? Then the 10x Superconference is for you. Kevin Mcdonnell, the host of Progressive Property Podcast, interviews Mark Homer. Listen in as Mark talks about being one of the speakers at this year's conference, which is all but sold out. Mark also talks about his journey into property, what are the best strategies at the moment and what he’s going to be talking about in his presentation at the conference. KEY TAKEAWAYS Most of my time is spent doing property deals, running our property business. I’ve bought, sold and refurbished over 800 properties. At the moment I'm doing a lot of commercial conversions into residency. I help oversee our letting agency and the numbers for the business. Why property? It’s all about the returns. When you’re talking about property things start and finish with return on capital invested. There are lots of leverage you can get on one single let, compared with other investment types. I’m doing more and more, larger buildings where you can get a return of 25-30% back on a property. Not many other investments would give the same returns as property. I started with small terrace houses. I was buying, refurbishing, and building up my portfolio. I graduated into bigger buildings, and HMO’s. It’s been a fifteen-year journey for me where I’ve ended up doing more and more commercial conversions from pubs and empty buildings. What's your preferred strategy? This is very much based on things that are of their time. I’ve recently gradually started doing more and more commercial conversions around putting a retailer on the ground floor and converting the higher floors into flats for example. Often the projects I do are opportunity-led and of its time. Whose has been your inspiration? In terms of residential and property, I would say Andreas Panayiotou. I think he ended up owning thousands of properties in London over the years. In terms of investors, I do think Warren Buffet is great. I love his long-term attitude to investing and he compounds his returns. Why do you think you should attend the Superconference? I’ve moved on in my journey because I’ve learnt from other people. I’ve learnt how to do the tax, contractors and others. At this conference, there will be 12,000 other property investors in the room and the speakers. Grant Cardone portfolio is nearly a billion dollars. We are all doing different things. What are you going to be talking about at the Superconference? Lots of things are changing in our economy at the moment and I'm going to be talking about how we can take advantage of the uncertainty. I’m going to go through a couple of case studies which I’m working on at the moment. Is there 'one' really exciting thing about the Super-conference? In terms of finding the right commercial buildings, finding the right partners and finance. I think people will hopefully get a lot of interesting different things. There will be a lot of different mindset of things there with Grant Cardone. I’ll be speaking and learning about different strategies. Top three benefits of attending the Super-conference? Property starts and finishes with income, and cash flow, replacing that income. Networking with other people and are like-minded. How inspiration is it to have all these speakers who are coming, What has property done to 10x your life? 10x is different to me than for others. For me, it’s around commitment but growing in stages and making mistakes at the right level. As soon as you know everything and you have the right data it's vital to scale up. If you know it works you need to make sure that you scale it up to make it work. BEST MOMENTS ‘Most of my time is spent doing property deals.’ ‘The returns are really good.’ ‘The stock market is harder to get right.’ ‘I like turning older properties that haven’t got use into residential properties.’ ‘Often the best time is now to get into property.’ ‘Don’t extend yourself at the minute as we are in the second half of the cycle.’ ‘Warren Buffet has been a big inspiration for me. He reads for hours everyday.’ ‘The experience and knowledge is deep in lots of different niches.’ ‘There are lots of different options even if you don’t have any money.’ ‘I met lifelong friends at the last conference.’ ‘Always invest locally.’ ‘Try and avoid scattergun approach.’ ‘Try and find the best letting agent.’ ‘If you go to a new town you have to learn everything all over again.’ ‘You can make millions of pounds in one deal.’ ‘If you don’t know the detail, and start from the bottom you can lose out.’ ‘Everyone is always learning.’ ‘The inspiration you will get from all these people.’ ‘You have to work hard and work smart.’ ‘Get into your niche and be the best at whatever that is.’ ‘I’ve moved on in my property journey by learning from others.’ VALUABLE RESOURCES www.10xsuperconference.com ABOUT YOUR HOST Mark Homer Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best-selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined. CONTACT METHOD Markhomer@progressiveproperty.co.uk https://www.linkedin.com/in/markhomer1 https://www.facebook.com/markprogressive https://twitter.com/markprogressive ABOUT THE GUEST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom. Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell
Would you like to network with 12,000 like-minded property investors? Learn from some of the most experienced, and successful property entrepreneurs in the world? Then the 10x Superconference is for you. Kevin interviews one of the speakers at this year's conference, which is all but sold out, co-founder of Progressive Property Mark Homer. Mark talks about his journey into property, what are the best strategies at the moment and what he's going to be talking about in his presentation at the conference. If you're looking for a reason to book your ticket to the conference, then listen ahead to this fascinating interview with Mark Homer. KEY TAKEAWAYS Most of my time is spent doing property deals, running our property business. I've bought, sold and refurbished over 800 properties. At the moment I'm doing a lot of commercial conversions into residency. I help oversee our letting agency and the numbers for the business. Why property? It's all about the returns. When you're talking about property things start and finish with return on capital invested. There are lots of leverage you can get on one single let, compared with other investment types. I'm doing more and more, larger buildings where you can get a return of 25-30% back on a property. Not many other investments would give the same returns as property. I started with small terrace houses. I was buying, refurbishing, and building up my portfolio. I graduated into bigger buildings, and HMO's. It's been a fifteen-year journey for me where I've ended up doing more and more commercial conversions from pubs and empty buildings. What's your preferred strategy? This is very much based on things that are of their time. I've recently gradually started doing more and more commercial conversions around putting a retailer on the ground floor and converting the higher floors into flats for example. Often the projects I do are opportunity-led and of its time. Whose has been your inspiration? In terms of residential and property, I would say Andreas Panayiotou. I think he ended up owning thousands of properties in London over the years. In terms of investors, I do think Warren Buffet is great. I love his long-term attitude to investing and he compounds his returns. Why do you think you should attend the Superconference? I've moved on in my journey because I've learnt from other people. I've learnt how to do the tax, contractors and others. At this conference, there will be 12,000 other property investors in the room and the speakers. Grant Cardone portfolio is nearly a billion dollars. We are all doing different things. What are you going to be talking about at the Superconference? Lots of things are changing in our economy at the moment and I'm going to be talking about how we can take advantage of the uncertainty. I'm going to go through a couple of case studies which I'm working on at the moment. Is there 'one' really exciting thing about the Super-conference? In terms of finding the right commercial buildings, finding the right partners and finance. I think people will hopefully get a lot of interesting different things. There will be a lot of different mindset of things there with Grant Cardone. I'll be speaking and learning about different strategies. Top three benefits of attending the Super-conference? Property starts and finishes with income, and cash flow, replacing that income. Networking with other people and are like-minded. How inspiration is it to have all these speakers who are coming, What has property done to 10x your life? 10x is different to me than for others. For me, it's around commitment but growing in stages and making mistakes at the right level. As soon as you know everything and you have the right data it's vital to scale up. If you know it works you need to make sure that you scale it up to make it work. BEST MOMENTS ‘Most of my time is spent doing property deals.' ‘The returns are really good.' ‘The stock market is harder to get right.' ‘I like turning older properties that haven't got use into residential properties.' ‘Often the best time is now to get into property.' ‘Don't extend yourself at the minute as we are in the second half of the cycle.' ‘Warren Buffet has been a big inspiration for me. He reads for hours everyday.' ‘The experience and knowledge is deep in lots of different niches.' ‘There are lots of different options even if you don't have any money.' ‘I met lifelong friends at the last conference.' ‘Always invest locally.' ‘Try and avoid scattergun approach.' ‘Try and find the best letting agent.' ‘If you go to a new town you have to learn everything all over again.' ‘You can make millions of pounds in one deal.' ‘If you don't know the detail, and start from the bottom you can lose out.' ‘Everyone is always learning.' ‘The inspiration you will get from all these people.' ‘You have to work hard and work smart.' ‘Get into your niche and be the best at whatever that is.' ‘I've moved on in my property journey by learning from others.' VALUABLE RESOURCES www.10xsuperconference.com ABOUT YOUR HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell ABOUT THE GUEST Mark Homer Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK's best-selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he'd tried in the last ten years, combined. CONTACT METHOD Markhomer@progressiveproperty.co.uk https://www.linkedin.com/in/markhomer1 https://www.facebook.com/markprogressive https://twitter.com/markprogressive See omnystudio.com/listener for privacy information.
Ever thought that you can't buy property because you don't have a 25% deposit, or you don't earn enough to gain a mortgage? Well, there are plenty of ways for you to invest in property, with either no money, very little money or with someone else's money. Kevin this week talks through the various different ways that are available for you to invest in property with ‘No Money Down.' From using rent-to-rent and Planning Gain, listen from the expert in ‘No Money Down' property structures to make sure you start investing in your future today. Key Takeaways Do you know people who own a lot of property? Do you know them personally or have you read about them? The reality is they probably get there by doing ‘No money down' property deals. They didn't do this by working in a job to save for a job. If you don't use ‘no money down' investing otherwise you won't own enough properties. What is ‘No Money Down' Property investing? There are three types of ‘No Money Down.' It could literally mean there is no money down on the property, or there is very little or no money down on a property. Would you be willing to purchase a property for £1 which is worth millions and gives you lots of passive income? The final meaning is where you use other people's money to put down on a property. What ways can you do ‘No Money Down'? People say you need a mortgage or you need 25% or you need to go through an estate agent, none of these things is necessarily true. This is not what creative property investors do. You need time, you need knowledge, you need the money to get into Property. It doesn't happen to be your money, however. There isn't enough money to give back everyone the money there is in their account. A lease option is a really powerful strategy, which allows you to control someone else's property. When you buy a house, you get a title deed. It has the owner name and it has the address on it alongside anyone else who has an interest in the company. This means you get control of the title deed, which gives you control of the mortgage, cash flow and profit. Rent-to-rent is a great option. You can get control of other people's property and the cash flow without the deposit. We'll get the landlord to make sure that there is a few months free rent, you can even get the furniture in buy now pay later scheme. You rent the property, and then you put the tenants in the property. People don't want the hassle of managing a property. If you don't have a deposit rent to rent can be great. Rent-to-Buy. There are lots of people who are in rented accommodation and they want to buy a house but they can't afford to. You pay the market rent and have an option to buy later. The purchase price is locked in on day one. So you can move in, or someone else can be moved in. There is no cost to the landlord, the purchase price can be increased. Buy-to-Flip. There are costs to this when you are doing the refurbishment. Buy-to-flip has to pay an additional 3% stamp duty which has eaten into profits. But an assisted sale could be useful. This is where you joint venture with the homeowner. You pay the refurbishment and increase a purchase price up front. You can split the sale cost after the event, so it's a win-win from the homeowner. You can joint venture with someone else to pay for the refurb costs as well. Planning Gain. You don't need to buy a house to benefit from planning gain. This could be where you get an option to buy on a plot of land, and submit planning permission and then sell your option to buy. Best Moments ‘Just because some money is needed it doesn't have to be your money.' ‘Don't think that without any savings ‘Money doesn't really exist.' ‘The situation of the homeowner is more important that the ‘Lease option is a really powerful strategy' ‘In a leasehold, you are not buying the house.' ‘People don't want the hassle of managing a property.' ‘There are opportunities to make money in areas where people don't want to do the work.' ‘A tenant-buyer property contract you have the security of ownership.' ‘Buy-to-flip pay an additional 3% stamp duty.' ‘You don't need to buy a house to benefit from planning gain.' ‘Joint venturing is a hugely powerful strategy.' ‘You can exchange your time and knowledge for their money.' ‘Don't pedestalize the money.' ‘The more you network the more money you can make.' ‘One of your greatest assets is the time and willingness.' ‘Ask people to look at your deals before you go to investors.' ‘Don't chase for the money.' ‘Sell through not to.' About Your Host Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell See omnystudio.com/listener for privacy information.
Get $100 OFF Rod's Live Event, go to www.rodsbootcamp.com and enter discount code: Dwellynn Get your free book: www.audibletrial.com/dwellynn Guest Bio Kevin McDonnell is a Serial Entrepreneur, Author, Property Investor and Public Speaker and is regarded as the foremost expert in the UK when it comes to creative property investment strategies. He is the Author of “No Money Down Property Investing” and “The 7 Biggest Mistakes when starting out in property & how to avoid them”. When he initially started out on his investment journey back in 2003, Kevin made almost every mistake imaginable, eventually resulting in over £135,000 of debt – just about the only thing he did right in his first 10 years in property was to keep going! Contact Kevin: kevin@KevinMcDonnell.co.uk Content mentioned: No Money Down Property Investing https://www.amazon.com/No-Money-Down-Property-Investing/dp/B07ND4KBWK/ref=sr_1_2?crid=16U0FR4I1KJJZ&keywords=no+money+down+property+investing&qid=1555929869&s=gateway&sprefix=no+money+down+property+in%2Caps%2C125&sr=8-2#customerReviews Money: Know More, Make More, Give More https://www.amazon.com/Money-Know-Learn-money-transform/dp/1473641322/ref=sr_1_1?crid=XW1AI457BVMD&keywords=money+rob+moore&qid=1556123996&s=gateway&sprefix=money+rob%2Caps%2C127&sr=8-1 Follow Ola [www.instagram.com/oladantis] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.dwellynn.com/invest
Property is one of the safest and most lucrative investment opportunities. If you have been procrastinating buying your first property, or delaying starting your property business, Kevin has ten reasons why you should start investing in property today. Property is great to leverage, you'll get instant equity, and it gives you a better return than any bank will these days. Listen to the ten reasons why you should be investing in property right now. Key Takeaways Population Growth. The UK population has increased, a record, 8% in the last decade. This is getting bigger every day, and there is no more land so there is a housing shortage. We're not building homes quick enough, which is pushing house prices up. There are 100s of thousands of empty properties that are ready to be brought back to the market. Generation Rent. We are right now living in generation rent because people can't afford or don't want to buy their own house. Throughout history, we have a much more own-house mentality in the UK compared with other Europen companies. The average age for a first-time buyer is mid-30's. A quarter of the UK population will rent by 2021. Property allows you to leverage money more than any other investment class. The same £100,000 goes a lot further than investing in stocks and shares even if the property market goes up half of what stocks and shares do, you'll still get good cash flow. You can leverage everything including estate agents, letting agents and solicitors to make sure your time is used most effectively. Instant Equity. You can make equity on the same day when you purchase property. You can think about the potential future value of a property where you turn a 3-bed house, to a multiple ownership house. You can add instant equity, over a matter of weeks. People always tell me they are always waiting for the right time to buy property after Brexit for example. You should always just buy now. It doesn't matter about Brexit or a recession but it matters that you buy property now and make money now. Don't try and guess whether the property will make you money in the future because that's gambling. Section 24. This means that landlords, anyone who has more than one property, will no longer be able to claim their mortgage payments as a tax-deductible expense. A lot of landlords had been buying properties in their personal name so they have moved from profit to loss. To avoid this you have to buy properties as a limited company. This means that there are a lot of properties on the market from Landlords trying to sell their properties. Brexit is all over the news at the moment, and no one knows what is happening. They cause the newspapers to hype things up. One thing for sure is that people will need to live in houses. We need to be ready to make successful property purchases in this business. More and more people are waking up to the reality of their pensions not being worth as much as you had hoped. Most people do not have enough from their pension to live off when they retire. The retirement age is getting longer and longer, further and further away because of the pensions deficit. I use my pension through SASS and SIPP to purchase commercial, and residential property, which gives me a far greater pension than my previous job ever would. Property Investment is much better than leaving it in the bank. You will get a much healthier return even on a single let property compared with leaving your cash in a bank. Once you have more than £85,000 then your money is not protected if the bank went bust like Northern Rock. Putting your money in bricks and mortar protects it from inflation. Political and Economic Stability. We are living in one of the most politically, and economically stable countries in the world. It's probably the safest property market in the world. Even with Brexit, we are living in one of the best countries in the world to invest in property. Sometimes we take that for granted. Best Moments ‘Success leaves clues.' ‘Some of the most successful people have made their fortune from property.' ‘More people are looking to rent by the room, and smaller properties.' ‘The UK is more crowded than any other EU company.' ‘The UK will have double the density than Germany in the next ten years.' ‘We're not building enough stock.' ‘The number of houses now is at its lowest since the 1920's.' ‘It is not cheap to build houses.' ‘Rental maybe a good thing to move around but it's not a good thing to build wealth.' ‘You can outsource everything and retain most of the money.' ‘With property you can add instant equity.' ‘You have to buy for cashflow.' ‘People went bust in the recession because they didn't buy property for cashflow. ‘You don't wait to buy property, you buy property and wait.' ‘Now has always been the time to buy property.' ‘There is no such thing as jobs for life anymore.' ‘Always look for win, win opportunities.' ‘Be greedy when others are fearful, and fearful when others are greedy.' ‘Just one property will be a great addition to your pension.' ‘Use property to grow our pension.' ‘Your money is getting eaten away by inflation.' ‘Sometimes we forget just how lucky we are, and gives us the freedom to live our dreams.' About Your Host Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell See omnystudio.com/listener for privacy information.
Have you already got your hands on the 10X Property Super Conference tickets? You better be! This episode of the Progressive Property Podcast might convince you to stop doubting about going and finally decide to go the biggest property network event of the year. Today, Kevin interviews Grant Cardone, the Founder of Cardone Capital and the best-selling author of ‘The 10X Rule'. This shall give you a good sneak peek on what the 10X Property Super Conference shall offer since Grant will be a Key Speaker for the said event and will be sharing more of his experience, tips, strategies, and resources on the event itself. Grant advises that you – with your positive mindset, vibrant energy, and exciting ideas – be ready on meeting new people that could help you and also collaborate with, in your property journey. Discover more about Grant when you tune in! KEY TAKEAWAYS Why is property a major part of Grant's business? According to Grant, for people who want to grow their wealth, property investment is the most straightforward, least complicated and most conservative way. You don't have to graduate with flying colors or join elite groups to be the best real estate agent. You just have to equip yourself with the knowledge, skills and the best judgment in choosing your properties. What makes Grant different from other real estate agents? He sees so much possibilities with real estate at this point in time. Grant's tip on how to not lose your property: Make sure that it provides income that services the debt and operations. Do your homework – research so there is always certainty. Don't panic. Buy the best piece of land and you're going to be fine. How important is network? If you don't network with the right people and wait until the crash to move, then you'll never get great deals. “Commercial real estate is not controlled by individual owners; the best real estate is controlled by brokers and financial institutions.” Grant's advice to those who are just starting in real estate. Network during the 10X Property Super Conference. Start studying the key speakers so you know the right questions to ask. Don't buy on a budget. What worries Grant today? Grant recalls the first deal he ever made where he relied only on how much money he got that time. It was a bad decision which has put him in the bad spot. He wished he knew that lower cash flow in better locations appreciate when things blow up. What's the most important skill for Grant? Be persistent and keep going. If you got knock down, get back up. Study the rich people, the financial institutions, and the insurance companies. Where do they buy? BEST MOMENTS “I'm a hardworking person, I didn't have connections, and I didn't have money. In real estate, unlike any of my businesses - I run seven businesses, but real estate is the simplest of them all.” “I think people are underestimating the possibility with real estate at this time in the world.” “Cheap is cheap.” “Find something that's going to be a great investment.” “I would rather have a lower cash flow in a better location.” “If you know you can do more, then do more.” “I don't find my luck if I don't work.” VALUABLE RESOURCES bit.ly/10xpodcast 10X Property Super Conference with Grant Cardone & Mark Homer (June 7-8, 2019) The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone ABOUT THE GUEST Grant Cardone is a multimillionaire entrepreneur whose personal property empire is valued at over $900 million. He is also the Founder of Cardone Capital and the author of the best selling book, The 10X Rule. Official Website: https://grantcardone.com/ Grant's Twitter: https://twitter.com/GrantCardone ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell See omnystudio.com/listener for privacy information.
In today's episode of the Progressive Property Podcast, Kevin McDonnell discusses action, buying at auction, selling at auction and the difference between buying at an auction and buying through estate agents. Learn the tips you need to know before buying at auction and the types of auctions that offer the best property opportunities. KEY TAKEAWAYS What's the difference between buying an auction and buying through an estate agent? the main key difference is, when you purchase the property through estate agents, you get the opportunity to go visit the property, have a look at it may be more than once, maybe two or three times even just so you're really comfortable with that property, you could get a builder to take a look at it and get some quotes on the maintenance, so you're really clear on what your numbers are before you buy, but also, when you put your offer forward and you start the process of purchasing, you can change your mind. So if anything pops up, if your circumstances change, you can back out of the deal. The difference with an auction is once you secure the purchase, so if your bed is the highest bid on the day of the auction and it's higher than the reserve price, then once that hammer drops, you are legally bound to buy that property within generally 28 days and if you don't buy it, then you would lose your 10% deposit money. So they the owner of the property would receive the 10% deposit money plus fees in some cases, and they'd be able to have their property back and maybe stick it in another auction. Buying at auction, you can get some amazing deals, but you can also get what I call property dogs, and they are properties that are not anywhere worth what they may think they're worth and properties that have got problems. So traditionally if you go to an estate agent to sell a property and maybe it's got some issues with the title or a Scott some covenants on it, or it's got structural issues or subsidence issues, any type of issue with the property, that would be picked up really quickly through an estate agent purchase, but in auction, if you don't do your due diligence, if you don't do your research before the auction, if you don't look at the property, check it out, then you could end up bidding on this property, purchasing the property having to put down your 10% deposit, and then finding out somewhere between the drop of the hammer and the 28 day completion period that you haven't quite bought what you thought you'd bought. Tips you should have before buying at an auction. Before the bidding starts, you've got an auction pack, which is basically a legal pack of all the information that you need around the property, you need to look at this legal pack. If you are not familiar understanding legal packs, get a solicitor to read through that legal pack and make sure that it's very clear that there are no issues with the property. Number two always views the property. Showing up for the auction and showing up on time is very important because you want to see if there's another interest in the property, see what other people are talking about, get into some conversations. Don't let anybody know, though, that you're interested in that property or which one you're interested in. When the bidding starts, you have to watch out for the auctioneer and what's called off the wall bids, because what you'll see is the auctioneer is trying to show some interest, and he'll start bringing the price up and they can do anything they want between the first bid and the reserve price because it's not for sale. So they'll start taking bids in what's called off the wall and they'll point and random people, but not at any specific person. Now there are two different types of auctions. Online auctions and actual physical auctions where there are an auction house and you have to show up and you're sitting in the audience. Reserve price. So how an auction generally works is you have a lot, so each property is listed within a lot and they're listed from lot one, for instance, if this 40, 50 properties in the auction, it will be listed from lot one to lot 40, lot 45, lot 50 in an order, and lot one is the first property that goes up for auction on that day, then lot two, lot three and so on. Now, each property when it's listed and advertised for the auction has what's called a guide price. Now the guide prices what the auction has suggested the property should sell for and then it also has the reserve price. Now the reserve price is the key because the reserve price is the price that the seller so the owner of the property is telling the auction has, if it hits that number, so the reserve price or higher, they will accept the offer and the property can be sold, but any offer lower than the reserve price, then it's not sold. BEST MOMENTS "What generally happens with the guide price is auction houses want to get you in early and they want to build interest and what you'll often see is the first few lots on an auction are priced with a really low guide price and the idea of this is not that they're priced wrong but the Auction House is trying to build interest in the auction and the trying to get people into the Auction House early." “Learn from other people's” “Surround yourself with people that can help you out when you are caught up in some kind of trouble.” “You can lose money or make money from property.” VALUABLE RESOURCES facebook/progressive property community.com youtube/progressiveproperty.com ly/nmdbook.com The no money down property investing book ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell See omnystudio.com/listener for privacy information.
Learn how to grow your property business quickly and understand the benefits of getting an education in today's episode of The Progressive Property Podcast. Today, Kevin interviews entrepreneur and property investor with over £250million pounds worth of property assets, Alfie Best. KEY TAKEAWAYS Property is a people business. One of the best gifts that you can be given is learning how to speak to everybody because you never know who's coming out from behind that door. It could be somebody 90, it could be somebody 15. They're from many different worlds. Learning how to speak to people on the spot is a massive education because it gives you the confidence to know how to speak to people. How to grow your business quickly. Everybody has problems but your problems should not be an issue, your problems should be a learning experience and every issue that you come across makes you stronger for the next round. It's about going out for the fight, being fit for the fight, being fit for the purpose of the fight, and learning by your mistakes. Education. Another thing you should do to grow your business rapidly is about knowing your business whether it is vehicles selling, whether it is property or whatever. Through education and learning how you should operate your business to reach optimum production of your company or business, you will always succeed in your businesses. Self-belief that failure is not an option. This is something that should always be in you whether you are successful or not or whether you are rich or poor. Having this kind of spirit in you always keeps you going whenever the times get hard and be sure with this, you will always emerge at the top. We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from. We don't make mistakes unless we harp on them, what we do is we learn from them to not make that decision in that way again. Be prepared to listen. There's a reason we were given one mouth and two ears by God, this is so that you can listen more and do less talking. The more you listen the more you learn. This helps a lot because you get to learn more skills that you didn't know from people by listening to them. Ask if you are not sure of anything. Be prepared to take advice from people who have already achieved great success. Swallow your pride and ask, do not assume that you know everything which may cost you big in the future. If you want advice, don't ask the funeral or the undertaker how to arrange your wedding and don't go to the wedding exhibition expecting them to arrange a funeral, go to the right person to ask the right question, ask people that are within the industry. When you're in a job that you love, do more than you're paid to do because you will be recognized for it and you will climb the ladder faster than anybody else in that company. Because people can see that you're somebody that is conscientious about what you're doing. For you to achieve success in your personal and business life, you need to look at the company that you surround yourself with because if you surround yourself with people talking about football, you'll talk about football, if you surround yourself with people talking about boxing, you'll talk about boxing, if you surround yourself with people talking about business, you'll talk about business, this is because we are all creatures of habit. Try to surround yourself with people that have the right habits. BEST MOMENTS “One of the best gifts that you can be given is learning how to speak to everybody.” “Always learn through your mistakes.” “Everybody makes mistakes, the two things you need to do is admit them and learn from them. People that can't admit them and people that can't learn from them will stay stagnant.” “We can all fail if we believe it's a failure, or we can all win if we believe our failures are just lessons that we're learning from.” “You fail when you quit.” “We don't live long enough to make all of the mistakes ourselves, learn from others and life will be a lot shorter and a lot more enjoyable where your work is concerned.” “A man with a plan will be a genius without a plan.” “We are never ever too old to learn.” “The only person that put somebody down is themselves.” “Success is made up of good habits.” “Believe in yourself and always listen to everybody but the advice you choose to take must be your decision.” VALUABLE RESOURCES Website: https://kevinmcdonnell.co.uk/ ABOUT THE GUEST Alfie Best. He was working from the age of eight and with time, his entrepreneurial mind kicked in at an age of around 12 and 14. He got a 250 million pound plus empire in different types of property, mainly around stuff like Park homes, commercial buildings, and other assets across land developments, different stuff. CONTACT METHOD www.twitter.com/alfiebest33 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell See omnystudio.com/listener for privacy information.
The 2019 10X Super Conference is going to be a very different style of property event. You're going to learn, the new cutting edge property strategies, the quickest cashflow strategies and the low money down, no money left in deals all property investors are after. Over the weekend, our expert trainers will share with you why you don't need mortgages, deposits or large sums of cash to get into property. If you're thinking about going to a property event of any kind, get yourself to the 10x property super conference, it's going to be the biggest and the best property event of the year, it's going to be bigger and better than any event that Progressive or any other property event the country has held before. Come and learn from the real property people who are not just talking the talk but walking the walk. www.bit.ly/10xpodcast 7th-8th June 2019 KEY TAKEAWAYS What is Property super conference? The property super conference is something that progressive property used to run in the late 2000s, early 2010s. progressive property has run a number of super conferences but they've not run one for six years now, and Grant Cardone who some of you will be aware of, who's the author of the book 10 X, and is a massive, massive property investor and business entrepreneur in the US has joined forces with progressive to bring the 10 x property super conference to the UK. This is an event where Grant Cardone himself and many other expert property trainers will be sharing their knowledge on how to become a successful UK property investor. The advantage of this event. This event will help you to generate a monthly cashflow and multiple streams of income. Seeing somebody else become successful is something that gives you a kick in the ass and lets you know that you can be successful too. Believing that you can do something and always focusing all your efforts towards it will ensure your success. At the conference, you will be taught how to believe in yourself and achieve your dreams. At the event, you will realise that we are all the same, whether you are rich or poor, we are all the same and that you also can become successful in your business and become rich too. We're all on the same journey. We're all from the same place, we all grow up, we all get jobs, and we can all learn anything. The 2019 10x super conference will show you that you don't even need to own property to get to 3k to 10k a month cashflow, you can make it through controlling other people's properties, you're going to learn low money down, no money down and how to use other people's money. The most creative ways to own, flip, rent out and control property without spending your own cash. You're going to learn how to retire on one deal, scale from single lets to big projects that kick out cash flow and give you lump sums 10x bigger than the small deals you might be doing now. You're going to learn the newest ways to source, rent out and leverage properties for fast and lasting cashflow, capital growth and empire building.. BEST MOMENTS “You learn from your mistakes.” “Mark Homer doesn't speak at many property events and having him talk at the at the super conference and getting the opportunity to listen to him speak is a huge, huge opportunity for you.” “People are always the same.” “The conference has changed many people's lives and they are now successful and if it has done that for them, it can do the same thing for you.” “If you're thinking about going to a property event of any kind, get yourself to the 10x property super conference, it's going to be the biggest and the best property event.” “This conference is not just for people with properties, but also people with property that want to really scale their empire. It's for everybody at all levels through the weekend.” VALUABLE RESOURCES bit.ly/10xpodcast ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. CONTACT METHOD Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official website: https://kevinmcdonnell.co.uk/ https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767/ref=sr_1_1?s=books&ie=UTF8&qid=1553015287&sr=1-1&refinements=p_27%3AKevin+McDonnell by Kevin McDonnell See omnystudio.com/listener for privacy information.
The Progressive Property Podcast has changed hosts. While Peter is spending more time in his Portugal villa Kevin McDonell is taking on the mantle as your host, and he has some great ideas on how to take this podcast to the next level. In his first solo podcast, Kevin talks through his property journey. Kevin explains how he has learnt from his mistakes in investing in property abroad and through education and meeting the right people he's been able to build a multi-million-pound property business. Learn from the expert of No Money Down deals, and join this new chapter of the Progressive Property Podcast. Key Takeaways How did I get here? I've been involved in property for a number of years, I attended some property training back in 2003. I became really excited about property and what it could do for me. I'd seen how successful other people had become from property. The Celtic boom in Ireland was all based around property, and I didn't think I needed any training. I initially invested in Turkey. That property got built, but while it was being built I decided to look at more. I took a flight out to Estonia to build a two-bed apartment over a lake. I bought that for just over €36,000. Everything was going great, and I thought I was a professional property investor. I went and did this all again in a Bulgarian ski resort. But then I had no contact from Estonia. It went dead. They had shut up shop and closed down the business. All the developments had been stopped, and we lost our money. Bulgaria and Turkey did get built, but there were expensive management fees. After we removed them the old management company took everything from that company. We realised that they were linked to the mafia in Bulgaria. I had done nothing between 2009-2013 but then I attended a progressive property event. I met other people who had been in a similar situation, lots of debt, only a few years before, and had come through the other end really successfully. Since then I have focused on joint strategies, and using other people's money to get property. I have become an expert in no money down property financing and now teach on the progressive property courses. The past is the past. You can set a new future. The one thing I used to do was focus on property in one hour before and after work. I didn't lose an hour each side of my day only around twenty minutes because I avoided the traffic. I also got bigger pay rises and bonuses from my work because of the perception that I was working harder. I see a lot of other people waste time, by having a chat or taking a longer lunch. I wanted to use my time as effectively as I could. We all have the time available to commit to property. Property in the last four years has changed everything in my life. I was living in a room as part of a HMO four years ago but last year I moved to my dream home. When you commit to property in the right way you can do it in quite a short space of time. I didn't set out to build a multi-million pound business in the first few months. You don't want to run before you can walk. Just start with one property, and then cookie cutter the process. I love property. I love the lifestyle it allows me to have. It allows me to spend time with my family, see my son take his first steps. I'm not into posh watches and fast cars. I want to provide for my family. My parents sacrificed a lot. We weren't wealthy but we were just ok. I don't want to have to sacrifice as they did. Best Moments ‘Make hay whilst the sun shines.' ‘Everything was going great, I thought I was a professional property investor.' ‘The mortgages never happened after that because of the 2008 crash.' ‘I got myself into huge debt.' ‘The only way you faily in property is if you quit.' ‘Having the right people around you helps accelerate your success.' ‘I see the money that I lost as an entrance fee.' ‘I have made lots of mistakes in property.' ‘I now make more money from property that I had lost.' ‘Property is very forgiving.' ‘The past is the past. You can set a new future.' ‘I bet you can think of time in your day where you can do stuff on your business.' ‘How are you making use of your 24 hours.' ‘Focusing on replacing your income, so you can get your time back.' “If you bite off more than you can chew then it feels a lot worse when you fail.' ‘Use small steps on your business/property journey.' ‘I don't want to sacrifice like my parents did to provide for my wife and kids.' ‘You need to get educated like I did.' About Your Host Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell See omnystudio.com/listener for privacy information.
Peter's Farewell and His Ultimate Advice for Property Investors If there's one thing that our host Peter Jones learned while he was producing content for all of you, it was the importance of freedom. He's joined today by Rob Moore and Kevin McDonnell. Peter says his farewell and shares his experience while he was podcasting. He also gives his ultimate advice to property investors out there; it's important to do networking, so you see more significant results. Today, we also welcome the new host of the Progressive Property Podcast for the upcoming episodes, Kevin McDonnell! He's excited to share new stuff with you and are open to suggestions so make sure to let us know what you want to hear in the future episodes. KEY TAKEAWAYS Peter has been podcasting for over two years. He has produced more than 100 episodes with great and entertaining content about property and business. One of the things that he emphasizes a lot when creating a business is the importance of financial freedom and passive income. Freedom, above all, is what Peter values, and this is what he wants to explore when he gives up podcasting. Peter has excellent reviews from people over time because of his expertise in property, his flow, and his storytelling voice. Progressive Property Podcast episodes won't be taken down and will be available anytime and anywhere for free for those who need of resources about property and everything else. Kevin McDonnell is excited to be the new host of the Progressive Property Podcast for the upcoming episodes. Peter's ultimate advice: Network. Think about who you network and who you deal with. It makes the biggest difference in your property journey. BEST MOMENTS “One of the things which I realised when I came to Progressive is that my highest value is freedom.” “The one thing that makes a big difference in their property journey is networking.” “If you're just new to property, if you're just new to Progressive, you probably don't understand yet the power of being in a network, and the difference that can make in your financial life is absolutely key and crucial.” VALUABLE RESOURCES Progressive Property Progressive Property Masterclass Rob Moore ABOUT THE GUESTS Rob Moore is the host of the UK's no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage. “If you don't risk anything, you risk everything.” Facebook: https://www.facebook.com/robmooreprogressive/ LinkedIn: https://uk.linkedin.com/in/robmoore1979 Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom. Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider's Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we'd now call buy-to-let investors. On the back of its success he was invited to be a guest writer for Property Secrets, and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor's Strategy Workshop and The Property Renovator's Workshop, in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD The Property Teacher Progressive Property See omnystudio.com/listener for privacy information.
Want to land on a deal as smooth as possible? Today on Property Sourcing Profits podcast, we learn directly from the expert, Kevin McDonnell. Kevin is a Serial Entrepreneur, Author, Property Investor and Public Speaker and is regarded as the foremost expert in the UK when it comes to creative property investment strategies. Our host David, together with Kevin, enacts a vendor-seller purchase – from the phone calls to the in-house meeting to actually landing the deal. The episode is divided into these 3 parts. After every section, they give great tips you can use in your future sales. You’ll encounter different kinds of clients, so this episode could be a starter for you to actually build a rapport with them and help them sell their property. Make sure to take down notes so you can focus on getting big property deals in the future. KEY TAKEAWAYS Ask everything about the house you’re selling from how it looks like to the time how long you’ve got it to the contract terms to its features. Prepare your critical questions before the call so you won’t miss anything. You’ll be needing this to know how you’ll structure and price the property. Build rapport and show you really want to help the client. Always call the client by his name when communicating and ask nicely. Observe how he responds to your questions during the call so you’ll be ready to deal with his character face-to-face. During the in-house meeting, make sure that you didn’t miss anything. Know the client’s motives and urgencies. To build rapport, try to find items (e.g. photographs) that could be the start of the conversation and loosen up the atmosphere a bit. For sure, the client would want his property to be sold at a higher price. It’s your job now to make him understand and settle on a reasonable price. When you’ve agreed with an amount, make sure you update them with the schedule while sorting out the search for a buyer and other processes. BEST MOMENTS “Obviously, he still thinks the house is beautiful, and I didn’t I focused on me saying the house wasn’t. I focused on how every type of person has their own preference for what they like in the house… so I’m not making him dislike me for saying the house isn’t nice. I’m making him understand that people are different.” VALUABLE RESOURCES Progressive Property Facebook Community Better Homes and Gardens Real Estate Star Homes ABOUT THE HOST David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004. In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him and he enjoys empowering other landlords by sharing the knowledge he has gained. The ultimate purpose when sourcing properties in this sector for investors is to minimise risk while maximising profit. He has had to find answers to the challenges of Tenant Find, Management, ensuring rents are paid and the transition to Universal Credit. These are strategies he uses in his own business and also on behalf of investors. His investor clients regularly achieve annual gross yields of over 20% with high occupancy rates and voids resolved, sometimes within hours. ABOUT THE GUEST Kevin McDonnell is a Serial Entrepreneur, Author, Property Investor and Public Speaker and is regarded as the foremost expert in the UK when it comes to creative property investment strategies. He is the Author of “No Money Down Property Investing” and “The 7 Biggest Mistakes when starting out in property & how to avoid them”. CONTACT METHOD David’s LinkedIn David’s Facebook Kevin McDonnell Email https://kevinmcdonnell.co.uk/