How I Built a Serviced Accommodation Portfolio From Scratch
The Progressive Property Podcast · Kevin McDonnell
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Show Notes
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Richard Stone has spent most of his life in construction but in the last few years, he decided to start to build his property portfolio. He joins Kevin to talk about his property journey and what he has learnt along the way.
KEY TAKEAWAYS
- It was after beginning his property journey that Richard realised he needed training and education in Property. This is when he started attending Progressive Property courses, including Progressive's flagship even MSOPI, to learn how he could best utilise his knowledge and skillset.
- It all starts with the client and although Richard has tons of hands-on construction experience, he didn’t know how to find and retain clients and raise money. This is what he learnt with Progressive.
- You don’t need your own money to get started on serviced accommodation, you just need to learn how to raise capital.
- Focus on the feedback you get in the right places, not all advice is good advice. Your clients will tell you if you are doing the right things.
- There are endless opportunities in the world if you have the right mindset.
- Now is always the right time to buy property.
- Being around the right people on your property investing journey is essential. To help guide you but also to support you.
BEST MOMENTS
“ A lot of it isn’t skillset, it’s mindset”
“There’s a difference between what you think is right and what’s actually right”
“I reignited my passion for education”
“Your own money actually holds you back”
“Poor people get their advice from family, friends and neighbours, wealthy people get it from people who have done it before them”
“You don’t know what you don’t know”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/