The Progressive Property Podcast

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

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/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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/ progressive, property, investing, rent, housing, b

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

Kevin 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/

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

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

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

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

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

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 fre

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

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

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

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

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

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

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

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/keepitrealwithkhadijaEmail: [email protected] / [email protected] Kalifa Instagram Khadija Kalifa Twitter progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

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

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

Kevin answers burning questions from the Progressive Property Community in a Live Q&A. Discover how to secure commercial development, the most effective way to rent out your SA units and how to structure your very first JV partnership. Tune in today to hear the expert answers. KEY TAKEAWAYS Kevin offers his knowledge to the public in a facebook live, here's the questions he was asked. Q: What is the best way to go about securing commercial development funding? A: The best way to secure commercial development funding, and avoid risk is to do joint venture (JV). On a commercial funding you can possibly borrow up to 60-70% of the purchase price and then borrow up to 100% of the development money. The challenge is finding the 30-40 percent deposit. Often the money is already tied within the building. A good idea is entering into a joint venture with the building owner. This way you could work together with the owner and not have to put in any of your own money. You would then approach a development lender who would lend you 100% of the development against the building, allowing you to do the development together. This could allow you to make a profit without putting in any money. You could also try actively searching for commercial developers or joint venture investors on social media platforms. A key bit of advice is don’t find the deal before having the money ready! Q: I’m thinking of rent to SA (serviced accommodation) in flats most seem to be leasehold in your experience is there any success with agreeing this with the leaseholder? A: Most people when they are doing rent to SA (serviced accommodation) think to do it on flats. However, please remember not to rule out other options such as, semi detached houses, terraced houses and larger properties. However, if you are doing them on a flat your challenge is getting permission. Whilst you may gain permission from the letting agent, and then from the landlord. You need to ensure you also get permission from the freeholder if the property has one. These are the people that can have the final say on whether or not they are allowed in that particular building. They may simply give you permission, or they may give you permission with some terms and conditions such as a yearly fee. Alternative options, are houses that have been split up into separate flats or rooms, as they do not have a freeholder, the lease usually does not mention not being able to short term lease the property. Q: I am looking to buy a business we are thinking about asking the vendor to finance us in some capacity. How do we broach this subject with them? Would putting the business into a limited company and them having shares be a good option? A: Yes, that is one good way of doing it. You could get the person to leave some shares in their company, so they keep their shares and then pay them out at a later date. A good idea would be to find out what the seller is going to do with the money they will earn from the sale of their business. If they have no plans other than to place it in the bank then you could suggest they leave the money in the business and you come to some agreement with what they will gain from that. Perhaps they keep a large portion of the money in the company, and you give them monthly interest on their money and then a balloon payment of the remainder in a few years time. This option, along with having the seller keep some shares in their company are the best legal options. Q: How do you approach a JV partnership when looking for JV partner with money? How do you the partnership and the structure the contact? I am starting out and I am looking for partners with the cash, what are the next steps? A: Some key advice here, is to go after investors with larger money to spend, The key fact here is not to pedestalize the investors money. Investors with large amounts of money to lend to you will end up pedestalizing their time and not their money. If you keep the focus on how much you need their money, you run the risk of coming across as desperate and this could deter potential investors. They are investing in you as a person and not just a developer. Show them you have the knowledge and credibility to be able to turn their investment into a profit by showing them how committed and trustworthy. Your job should be focusing on showing them how they can save a huge amount of time by investing with you, show them your skill set and everything you have to offer for them. Secondly, do what is best for your investor. Ask them “what is most important to you with working with me?” If you’re able to solve the answer to that question, then they will want to work with you. Tailor your expertise to what they want to do with their money. If the client would like you to focus on HMO (house of multiple occupancy) for example, then keep that as your main focus. Q: What is the best no money down strategy to start with? A: The best no money down strategy should be marketing. You cannot do anythi

Kevin answers burning questions from the Progressive Property Community in a Live Q&A. Discover how to secure commercial development, the most effective way to rent out your SA units and how to structure your very first JV partnership. Tune in today to hear the expert answers. KEY TAKEAWAYS Kevin offers his knowledge to the public in a facebook live, here's the questions he was asked. Q: What is the best way to go about securing commercial development funding? A: The best way to secure commercial development funding, and avoid risk is to do joint venture (JV). On a commercial funding you can possibly borrow up to 60-70% of the purchase price and then borrow up to 100% of the development money. The challenge is finding the 30-40 percent deposit. Often the money is already tied within the building. A good idea is entering into a joint venture with the building owner. This way you could work together with the owner and not have to put in any of your own money. You would then approach a development lender who would lend you 100% of the development against the building, allowing you to do the development together. This could allow you to make a profit without putting in any money. You could also try actively searching for commercial developers or joint venture investors on social media platforms. A key bit of advice is don’t find the deal before having the money ready! Q: I’m thinking of rent to SA (serviced accommodation) in flats most seem to be leasehold in your experience is there any success with agreeing this with the leaseholder? A: Most people when they are doing rent to SA (serviced accommodation) think to do it on flats. However, please remember not to rule out other options such as, semi detached houses, terraced houses and larger properties. However, if you are doing them on a flat your challenge is getting permission. Whilst you may gain permission from the letting agent, and then from the landlord. You need to ensure you also get permission from the freeholder if the property has one. These are the people that can have the final say on whether or not they are allowed in that particular building. They may simply give you permission, or they may give you permission with some terms and conditions such as a yearly fee. Alternative options, are houses that have been split up into separate flats or rooms, as they do not have a freeholder, the lease usually does not mention not being able to short term lease the property. Q: I am looking to buy a business we are thinking about asking the vendor to finance us in some capacity. How do we broach this subject with them? Would putting the business into a limited company and them having shares be a good option? A: Yes, that is one good way of doing it. You could get the person to leave some shares in their company, so they keep their shares and then pay them out at a later date. A good idea would be to find out what the seller is going to do with the money they will earn from the sale of their business. If they have no plans other than to place it in the bank then you could suggest they leave the money in the business and you come to some agreement with what they will gain from that. Perhaps they keep a large portion of the money in the company, and you give them monthly interest on their money and then a balloon payment of the remainder in a few years time. This option, along with having the seller keep some shares in their company are the best legal options. Q: How do you approach a JV partnership when looking for JV partner with money? How do you the partnership and the structure the contact? I am starting out and I am looking for partners with the cash, what are the next steps? A: Some key advice here, is to go after investors with larger money to spend, The key fact here is not to pedestalize the investors money. Investors with large amounts of money to lend to you will end up pedestalizing their time and not their money. If you keep the focus on how much you need their money, you run the risk of coming across as desperate and this could deter potential investors. They are investing in you as a person and not just a developer. Show them you have the knowledge and credibility to be able to turn their investment into a profit by showing them how committed and trustworthy. Your job should be focusing on showing them how they can save a huge amount of time by investing with you, show them your skill set and everything you have to offer for them. Secondly, do what is best for your investor. Ask them “what is most important to you with working with me?” If you’re able to solve the answer to that question, then they will want to work with you. Tailor your expertise to what they want to do with their money. If the client would like you to focus on HMO (house of multiple occupancy) for example, then keep that as your main focus. Q: What is the best no money down strategy to start with? A: The best no money down strategy should be marketing. You cannot do anythi

If you’re looking to start a business or simply discover how to grow your existing venture today’s guest has some important insights from the former manager of the Millenium dome, Pierre-Yves. Kevin and Pierre-Yves discuss in detail the things you need to do and the traits you need to have for you to succeed in your business. You need to know your product, finances and the business model inside out and they go on to share with you the principles you need to learn to make your business profitable. KEY TAKEAWAYS Does playing professional sports helps you in the transition to business? It helps daily. Managing pressure, manager of stress, manager of success, manager of failure, how you reinvent yourself, how you inspire people in crisis. Management of being able to handle and strive under pressure is quite crucial in the property business. If you ever want to be successful in business, look at the product and say, "Can I reinvent this product? Can I reposition it?" If it's yes, you do it. Then look at the finances, business model. Can I again raise equity, raise debt, can I reinvent the business model, improve the profitability of the business? If yes, then do it and you will be successful. And then last but not least, people, who are the people managing the business? Can I inspire them to do differently as a kind of followers with our credit management style? If it's a yes, then go ahead and do the business because you will succeed. The principle of finance, the principle of good accounting, the principle of making sure you have the skills to do it and surrounding yourself with the right people, it's the same for a small business or major corporation. Do not be shaken by people who are handling multi-million businesses because they are using the same principles you are using in your small business. Keep focused and following those principles and one day you will be like them. When you're in trouble, if you don't bring stamina, energy and positive attitude, you're going to struggle and having a very strong sense of humour because you're going to have dark days, you're going to have days you want to give up and if you have a good laughs at days, you're going to be alright. Your best asset is the people in the business and the most important people, the frontline staff, the guys who are serving the food, who are cleaning the floor, if they’re not fitting an integral part in business, you're going to fail. A good entrepreneur is a matchbox. And the matches come in scratch and then shine, and then they go away somewhere else. I think that the responsibility to entrepreneur is not only legacy and building replacement, but it's also allowing others to be able to shine and to develop, and then goes somewhere else and find themselves in other places, being CEO’s, Chairman position and they're going to help you and proudly invest in your business saying that this is the guy that allowed me to be here. The golden rule in any business. If the business plan or the business model is not right and the people are not right, just don’t get involved. For you to succeed in business, you need to be very adaptable and be reactive because preferences are changing regularly as the generations change. The role of a good leader is to be able to predict, to be able to anticipate. Advice to people who are starting a business, small is beautiful, it's not about getting big, is again, it's being successful on your own, and then few if you want to grow, make sure you surround yourself with the right people and it's all about going big, step by step and make sure you got around you people who are going to support you, embrace you and drive this thing forward with you and take them with you for a long time. It is crucial for anybody starting a business to find one or two mentors. Somebody you can trust, somebody who believes in you, somebody who embraces you, somebody, that kick your ass when it's needed for you to grow. BEST MOMENTS “You’re as good as your last one.” “Principles are the same for a small business or major corporation.” "If you're going to carry responsibilities, and you're going to be the captain of the team, you got to lead by example, it's not doing what I say not what I do, it doesn't work that way.” “Property is not about buying houses, the property is about people.” “As a property owner, if you’re not able to attract the right attitude towards the entire network of your tenants or your business partner, you're just going to fail. “ “The more I practice, the luckier I get.” “Key values, loyalty, honesty, ethics, that's all we ask from people.” “When you are at the helm of something big, you got all the fair-weather friends that come out.” “Entrepreneurs or leaders are never on the job, they’re on a mission.” “It’s fine to have an ego because you need that confidence because if you're shaky, people won't follow you.” VALUABLE RESOURCES https://kevinmcdonnell.co.uk/ ABOUT THE GUEST The charismatic Frenchman, Pierre-Yves G