Episodes
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
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What is the best property investment strategy this year? Join Kevin in the first episode of 2024 of the Progressive Property Podcast and learn all about no-money-down (NMD) techniques and why they could work for you in your property investing journey!
KEY TAKEAWAYS
Strategies vary in their success depending on the area but all strategies work all the time. Historically buy to let, commercial conversions, HMOs and serviced accommodation have always worked and always will. Before you think about which investment strategy to use you need to first get the ‘house’ or property. This is where no money-down techniques come in. No money-down property investment techniques allow you to scale. Don’t confuse property investing with property owning. Most investors own a job but don’t always have lots of properties in their ownership at one time. Cash and a mortgage aren’t the only ways to get into property investing. Time and debt are valuable resources, using no money down techniques you focus on buying these rather than focusing on the physical asset Those with a poor mindset follow the system of getting into debt at a young age and out of debt for retirement.BEST MOMENTS
“You can’t do property with your money down”
“Most property investors, they own a job”
“No money down investment techniques allow you more ideas than traditional thinking”
“The richest people on this planet have the most good debt”
“If you retire with no debt you’ll likely retire without significant wealth”
“There’s a big difference between good debt and bad debt”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE GUEST
Want to Connect with Carole? This is how:
Website: https://www.clearwaterpropertypartners.com
Email: [email protected]
If you would like to help support Judy and Abigail with finding their forever home or future Christmas Venue, please reach out to Carole using her contact details above.
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BTLReport-POD
Kevin shares 9 top tips he has learnt in the past 9 years as a Property Investor. Kevin has been in the property game for over 20 years, but it was only when he came to Progressive Property 9 years ago that he really learnt how to become a professional property investor.
KEY TAKEAWAYS
I am not a landlord; I am a property investor. Raising finance is one of the most important aspects of property investing Property is a people business The right house will always find the right tenants You can’t plan your week in detail Become knowledgeable about your local council and regs Long-term thinking is what you need in this business Your network, it’s not just what you know it’s whom you know Boring is best!BEST MOMENTS
“There’s a very big difference between a landlord and a property investor, a landlord owns a job while a property investor runs a business”
“The quicker you can become the investor the quicker you will scale your business”
“Do not pedestalise the money, the most important thing is your knowledge, your action, your time”
“Property is about collaboration; property is about your network”
“The long-term takes care of itself”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Missing episodes?
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
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Kev is joined by social media expert and property investor Scott Wroe in this episode. They talk about strategies anyone can follow to flip houses as well as the unique ways you can leverage social media in your property investing business.
KEY TAKEAWAYS
Scott’s parents were flipping houses throughout his childhood. He is only 27 but has lived in 30 houses! Scott focuses on the cheapest house on an average street. If you are starting out, don’t buy houses that need any major work, instead focus on things that need updating cosmetically. Look for a mentor to guide you and prevent you from making expensive mistakes. After just two deals, Scott made a 70k profit. As Scott grew, he started using contractors and even established deals with kitchen suppliers via social media. You would be surprised how easily brands want to gift items and products to 'house' accounts, you only need a 30k following to get noticed.BEST MOMENTS
"It’s knowing the difference between expensive things and things that are going to cheap [to rectify]”
“I think they could be much more successful by attending one of your courses”
“I made 40k on the first one, I was 20”
“It was so much easier having other people doing the work because then I could be doing other things”
“People will literally gift you anything”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BUYTOLETPOD
Rachel is a property investor in Peterborough, the same location as Progressive Property founders Rob and Mark. In this episode, she proves that there are still great deals to be found and money to be made in locations that have large investors in the area.
KEY TAKEAWAYS
Previously a management consultant who moved into commercial cleaning once she had a family. Rachel was inspired by Rob Moore’s book, Multiple Streams of Property Income to attend the MSOPI event and create her own property portfolio. Being someone who finds an opportunity in a problem is the reason Rachel was able to pivot during the pandemic. Don’t decide on one strategy to use instead look for properties and then adapt and use the strategy that suits that particular property. A lot of the best deals can take time and patience. Rachel frequently works with investors that don’t have the time to find deals or put the work in required for big returns and so she does this for them with their money.BEST MOMENTS
“There’s enough for everybody”
“The properties ran themselves”
“Find properties and then decide which strategy suits the property”
“They’ve got to trust you and want to work with you and understand your ethics”
“I work with investors who don’t have time”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BUYTOLETPOD
Kevin talks openly and factually about whether you should be selling or buying in the wake of the further BOE interest rate rise!
KEY TAKEAWAYS
The BOE has increased increase rates again, the base rate is now 4%. The majority of people who decide on rises are in agreement that this is close to the highest they should go. The 2007 crash was for completely different reasons to the struggles we are seeing now. As fewer people are buying, particularly amateur investors, that presents opportunities for experienced investors. Property investing should be about the long term, house prices will always increase in the long run. You can easily waste time waiting for the ‘right’ or ‘best’ property, meaning you’ll miss out on a lot of great investing opportunities. Everybody needs to use creative techniques and other people’s money to build a property portfolio.BEST MOMENTS
‘They are talking about it being pretty close to the top of the interest rate rises’
‘If it stops people spending money it also stops people buying property’
‘Less buyers, prices start to go down’
‘We know fundamentally that property prices in 2024, 2025, will be significantly higher than they are today’
‘Whilst many people are waiting for the best property, they miss just doing deals that work’
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BUYTOLETPOD
In this episode of the Progressive Property Podcast, Kevin discusses everyone’s most hated topic, Tax! There are new tax changes incoming, and here is what you need to know. Do not fear, there have always been tax changes and people have ALWAYS made money, the key is to roll with the punches and listen to Kevin’s top tips so that you can make the most of your money!
Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPIKEY TAKEAWAYS
Run your investment property as serviced accommodation to avoid paying tax on your interest only mortgage! Turn your properties into a limited company to get access to incorporation relief. (You will still have to pay stamp duty) STOP PAYING TOO MUCH TAX by getting a tax advisor instead of an accountant. If you run a business (and property is a business) make sure you claim for all of your deductible expenses before tax! If you’re investing in a property to rent, look for properties with happy, paying tenants already in it. That way, you don’t have to risk finding potentially rubbish tenants yourself!BEST MOMENTS
“There have always been tax changes from the government, and people have ALWAYS made and lost money, the key is to roll with the punches”
“Accountants are tax collectors for the government, get a Tax Advisor instead!”
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BUYTOLETPOD
How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the perfect episode for you.
Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPIKEY TAKEAWAYS
Just get started – stop procrastinating! You will make mistakes, be aware of this and own it. Reduce the risk by educating yourself. Know your numbers. Start with the end in mind. There are plenty of houses to flip, don't be folder by hearsay. You can flip houses with none of your own money. You need to build a power team, to build success you need people around to help and support you, tap into others knowledge and expertise. Speed – You have to move quickly with house flipping. Don’t do the work yourself – Get the right professionals in to do the work, don’t be pennywise and pound foolish!BEST MOMENTS
“The best time to start is right now”
“Maybe you need to be around the right kind of people…money is everywhere you just need to get out and find it”
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BUYTOLETPOD
Should I manage my own properties or outsource them to a lettings agency? This might be a question that you are asking yourself, as you start your journey in property. From his fifteen years experience in property, where he now owns his own lettings agency, Kevin McDonnell gives his take on how you should go about it. Whether it’s making sure you get experience self-managing a property, to the benefits of partnering up with an existing agency in a JV partnership, Kevin gives you all the pros and cons of Self-management vs Outsourcing.
KEY TAKEAWAYS
When I start out in property I thought I would have to do everything. When I started I would always do everything from meeting the tenants, gaining references, prepare and write the contracts. I’d do the repairs, and deal with the day to day issues. I thought that was what an investor required. Whereas today I find great deals and my partner manages out the letting agency on a day to day basis.
Learning what the agents need to do. Self-management is a good thing to do at least a small amount. You’ll find out what kind of problems that your tenants have. Your tenants are your clients and you are providing them with a service which you need to provide to the best of your ability. This will also save you on the management fees but cost you in time. This will make sure you have the experience so you know your agent is doing things in the right way.
What sort of systems should you have to self manage? I used for my first ten properties, Microsoft Excel. There are loads of fancy apps, but if you have ten properties you can manage them on a spreadsheet. Just get your first house and manage it on Excel. Once it becomes too big, over ten properties, you should look at things like Arthur or GoTenant. We have now moved on to Jupix because we are running a letting agent, and my JV partner runs that but that’s too complicated and costly for if you are just starting out.
Give your first couple of properties to an agency. Learn how to do it properly, learn how to self manage your property. Then take on property to self manage so you get an inside guide to what they go through. Learn everything that an agency does. An agency does a lot of work from people who say they are interested in that property, lodge the deposit, gaining references and sorting out contracts.
I found a JV partner. I found a local guy who was running a satellite office but he wasn’t on the high street. He was like a virtual agent. I approached him. I asked him to move into the high street into a property that I had bought. He’s 50/50 in the letting agents. I have a JV partner and he gets 50% of the profits.
BEST MOMENTS
‘Its about being smarter with your time.’
‘Be an investor rather than a landlord.’
‘Since outsourcing, I have more time to think.’
‘Make sure you see your tenants as clients.’
‘You don’t need fancy software to manage one house.’
‘Get perfect later.’
‘It was cheaper to manage in house.’
‘The management fees from other landlords pay for the fees.’
‘When you're starting out you don’t have a skillset.’
‘Agents do a lot of work.’
‘You can shadow an agency.’
‘I wanted to be a business owner.’
‘It’s a win, win situation.’
VALUABLE RESOURCES
https://www.xero.com/uk/
https://jupix.com
https://gotenant.co.uk
https://www.arthuronline.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
Kevin McDonnell Facebook
Kevin McDonnell website
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BUYTOLETPOD
Kev is interviewed by MJ, who is doing a dissertation around AI and wants to quiz Kev on what he thinks the impact will be on the property world. They talk about the real-life implications and applications of AI and VR including relationships with clients, costs and convenience.
KEY TAKEAWAYS
VR and AI present a unique opportunity to build better relationships. There will be huge time savings to be had once AI has been established within a workflow. Virtual reality means that staff and people other than the landlords can review accommodation, sending the recording to the landlord to review at their convenience. Communication is essential if AI and VR are to work in any industry, individuals and companies need to be educated with realistic expectations. MJ believes that real estate agents haven’t been told or educated about why and how AI and VR could work for them. You don’t have a business unless you have happy customers, if you can make your customers happier then you can generate more income, Kev would want AI or VR to aid in this.BEST MOMENTS
“I’m really excited about this and also really scared”
“Relationship building is important between a real estate agent and a customer”
“Any relationship starts with trust in the first place”
“Would you buy a house on the back of a virtual reality tour?”
“You know way more about the technology than the actual client that would be using it”
“If you want to sell me on virtual reality you need to sell me the benefits not ask me why I would use it”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
https://bit.ly/BUYTOLETPOD
Kevin joins Jessen James on the Mind Over Money podcast to talk about the power of property investing itself, as well as his own personal journey in business, and the part that mind-set has played in his incredible rise to success.
KEY TAKEAWAYS
Inspiration can take many forms, but nothing stirs us or empowers us more than seeing others who have succeeded, and hearing the stories of how they did so. When our backs are against the wall, we usually discover how strong and resourceful we can be. Never be afraid of pressure, because it can serve to highlight our strengths. Often, we tell ourselves that success is elusive. We are afraid to take the risks for fear that they won't work out. Taking that first step towards action is crucial. Accountability is important when it comes to our business journey. We must take responsibility for the choices we make, even if they are wrong ones.BEST MOMENTS
'Within 12 months I'd replaced my income'
'I had no choice but to think creatively'
'It's not difficult to raise money. It's difficult to try'
'Stop looking back and look forward'
VALUABLE RESOURCES
Mind Over Money Podcast - https://omny.fm/shows/mind-over-money
ABOUT THE GUEST
Jessen James
Jessen has spoken to and trained thousands of entrepreneurs all over the world, and has featured on Channel 5's Rich House Poor House.
Having built, bought and sold multiple businesses himself, Jessen has had some amazing wins and some rather spectacular fails too! He now dedicates his time to serving others to better their lives and businesses by sharing his learnings. Get in touch today.
ABOUT THE HOST
Kevin McDonnellKevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD
A motivating and informative episode where Kevin speaks to property investor Martin Sanderson. Martin talks about how he got started in property investing and how he turned his initial zero investment into a scalable successful property business.
KEY TAKEAWAYS
Martin was working in hospitality but then read Kevin’s book which made him decide to do the Progressive No Money Down Course and hasn’t looked back since. When lockdown hit, Martin took the initiative and put himself out there on social media and it worked – he secured deals whilst most of the country was on pause. Martin has already managed to scale his no-money down property business, he has managed this mostly by using creative techniques he learnt from Progressive, often helping people along the way too. Networking was incredibly beneficial to Martin and his team. This made him want to join and expand the Progressive Property Network in his area of Preston.BEST MOMENTS
“You can create the money to buy that building out of the profits of the pub, it becomes a true no-money-down deal the money is created before you ever buy it from the asset you’ve acquired”
“It’s helping people get more from their property in a creative structured way”
“If you’re listening to this, do not share the details of a deal unless you’ve got it secured”
ALUABLE RESOURCES
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD
One of the biggest hurdles when starting property investing is getting over the idea that it is hard. It isn’t hard, it’s just new to you. In this episode, co-founder of Progressive Property, Rob Moore tells you why this is and what you need to do to conquer this feeling.
KEY TAKEAWAYS
Working for yourself, doing what you love and building an empire might feel daunting. But it’s a lot easier living a life you want to instead of wishing your time away doing something uninspiring and that you hate.
There will always be people in the game that are struggling. Those people will tell you that it is too hard and it’s not as it seems. If things feel hard that means you haven’t created realistic expectations.
Don’t focus on the negatives of something new. Enjoy this period of time, when something is new it’s exciting and you won’t get to experience it in that way again.BEST MOMENTS
“It’s not hard, it’s new”
“You have to work hard enough not to work hard”
VALUABLE RESOURCES
DISCOVER HOW TENS OF THOUSANDS OF ORDINARY BRITS ARE QUIETLY GETTING RICH WITH MINIMUM INVESTMENT!
https://bit.ly/PRS-Podcasthttps://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD
In this episode of the Progressive Property Podcast we revisit episode 134 where Dan gives you the 5 essential things to consider when looking for a JV partner.
Choosing your JV partner is NOT a child’s game, like pin the tail on the donkey or ring-around-the-rosy. There’s too much at stake when you don’t think carefully and you don’t have your guards up. Discover how you can thoroughly pick the best JV partner in your property business through Dan’s simple steps. There will always be one who’s very compatible with your knowledge, skills, and vision, so never settle!
KEY TAKEAWAYS
Work out the real reason you need a JV partner. Are you really in dire need? Or are you just lacking of self-belief? What business are you looking to bring your JV partner on? Make sure that your bringing in the right person. If you don’t want to do it alone, it’s worth considering also to have a mentor who can guide you. Having a JV partner might complicate the situation if you aren’t clear yet of your purpose. What will each person’s role be? It’s best that you complement each other. Find someone who have the knowledge and skills that you lack. And, who will deal with the day to day issues? If you just want someone who will provide the funds, then being active with the operations is the least to worry about when looking for a JV partner. Before any agreements, remember to make a list of things you need to agree upfront. A JV Partnership agreement must entail everything each of you must bring to the table. What does your JV partner want? Know what outcome are they looking forward to. Also prepare an exit plan just incase of unforeseen circumstances (e.g. breach of contract, critical illness, etc.) If you’re looking for a joint venture in property, familiarize yourselves first with PS13/3 regulations. There are only a bunch of people you’re allowed to joint venture with, and PS13/3 has it detailed. Don’t pick someone just like you. You are not looking for another you, you are looking for someone who can do what you can’t do. Consider taking the Wealth Dynamics Test to gauge if your personalities are compatible. You and your partner can be: a Creator, a Star, a Supporter, a Deal Maker, a Trader, an Accumulator, a Lord, or a Mechanic. Don’t rush in to picking a JV partner. If you’re picking someone for the long term, test everything out first. It would be a waste of time to know that what you have hope for in the partnership won’t be fruitful. Be clear about their values, not just about the money, the skill, and the knowledge they can offer.BEST MOMENTS
“Sometimes, people think they need a JV partner and they go into business with somebody when in hindsight, all they needed was to build some knowledge and gain some belief for themselves.” “We have the end in mind before we even started, and that’s what’s really important.” “You are not looking for the best mate to go out with, you are looking for a business partner who brings a different dynamic, a different skillset.” “Pick the right person to grow the business.” “It’s not a race; it’s a journey.” “I made a lot of mistakes in property, but I made them before I got educated.”VALUABLE RESOURCES
Progressive Property PS13/3 Restrictions on the retail distribution of unregulated collective investment schemes (PDF) Wealth Dynamics TestABOUT THE HOST
Kevin McDonnellKevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BUYTOLETPOD
One of Kevin’s most asked questions is how to add value to a rental property, in this episode he explores various ways you can do this including 5 fundamentals you need to focus on.
KEY TAKEAWAYS
Buy something where you know you can add value, where there is space for improvements, particularly focusing on the kitchen and bathroom. Probably one of the most effective ways to add value is to think about the internal layout of the property and how you can make this work better and more valuable. E.g turning a 2 bed into a 3 bed house; this can add up to 25% of the equity. Carpets and decoration are the final two touches for every room in the property that adds value. Loft conversions and basement conversions can add significant value to a property, especially in cities.BEST MOMENTS
“nice bathrooms, nice kitchens, they’re going to give you highest impact on value and highest impact on rental income”
“You don’t have to spend a huge amount of money”
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
***FREE DOWNLOAD*** How YOU Can Make A FORTUNE From Buy-To-Let http://bit.ly/BTLReport-YT
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Shimon Rudich of MS Law joins Kev to talk about creative property investing including the many options out there and the most effective ways of utilising them to grow your property investing business.
KEY TAKEAWAYS
You have to be willing to think outside of the box and out of your comfort zone in order to use creative property investing techniques. If you want to scale quickly and make money faster then creative property techniques are the way forward for you. There are many similarities between what is happening now and 2008, if the housing market crashes there will be many opportunities for experienced property investors. If the market crashes, as a property investor you pay less but you can still charge the same rent. It also ‘culls’ a lot of investors that aren’t serious so can be a positive thing for you as an investor. There isn’t one single strategy that works for everyone or even every situation. You must tailor your strategy to your unique circumstances.BEST MOMENTS
“Different people have different mentalities”
“If you only do things in one way you limit the opportunities”
“We buy properties to make money and instead of buying in the usual way we can buy to make more money, why say no”
“They deserve to be out of the game”
“Less competition, pay less, what’s bad about a market crash now?”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the perfect episode for you.
Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPIKEY TAKEAWAYS
Just get started – stop procrastinating! You will make mistakes, be aware of this and own it. Reduce the risk by educating yourself. Know your numbers. Start with the end in mind. There are plenty of houses to flip, don't be folder by hearsay. You can flip houses with none of your own money. You need to build a power team, to build success you need people around to help and support you, tap into others knowledge and expertise. Speed – You have to move quickly with house flipping. Don’t do the work yourself – Get the right professionals in to do the work, don’t be pennywise and pound foolish!BEST MOMENTS
“The best time to start is right now”
“Maybe you need to be around the right kind of people…money is everywhere you just need to get out and find it”
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Rob joins Kev in this episode to talk about his property journey. He talks about how he balances his day job with his property investing and why anyone can work out this balance in their own lives. Rob and Kev also talk about the importance of thinking creatively in property investing and why there are always opportunities out there for investors.
KEY TAKEAWAYS
Even though he has a day job, Rob is always thinking about his next move in property. He believes that anyone can find the time to do property investing is they are focused enough. He started with buy-to-lets and then started to look at more creative ways to invest. An accountant and a tax adviser are different things. If you want to save money on tax, then an adviser is who you want to be hiring. Rob used to not talk about his property investing but after altering his mindset is happy to boast about being a property investor and the success he is having as a landlord.BEST MOMENTS
"I’ve been interested in property since I was at school and at the end of the day if you focus on it you can find the time”
“If you can be open-minded about things and think creatively to do these deals then I think there is a lot more opportunity out there”
“One of my mindset changes is now I’m proud to boast I’m a property investor”
"All three of us became millionaires through investing in property"
VALUABLE RESOURCES
Ashley & Lewis Property - https://www.ashleylewisproperty.com/
Rob Walters Facebook - https://progressivegroupweb.slack.com/archives/D038X69QB8S/p1724225985152269
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Kev is joined by fellow property investor and podcast host of the Tutor Podcast, Neil Cowmeadow. Neil first started investing in property 8 years ago and shares with Kev the upsides, downsides and the many lessons he has learnt along the way. Neil also talks about why he trained with Progressive Property and how he became financially free.
KEY TAKEAWAYS
Most financial advisors aren’t financially free themselves. They are still just working a job. Neil did a couple of property flips before finding Progressive Property and got his knowledge through reading property books. He started attending some of the free Progressive courses and then began doing some of the paid ones. Training with Progressive Property allowed Neil to implement a strategy he knew would work for him and that was tried and tested. Neil now has 21 rental properties and has used 400k of other people’s money to not only give them value for money, but also allow him to grow and scale as a property investor. No matter where you live, there will be a property strategy that will work in your location. There are great books out there on property investing but nothing compares to learning from experts directly and networking in a room alongside people on the same journey as you.BEST MOMENTS
"Sunk some money in, thinking the cost of a course would be less than the cost of implementing a failed strategy”
“I wouldn’t have had the skillset, the belief, that possibility of scale (without Progressive Property training)”
“I’m doing just single lets at the moment as they take less of my time”
“It’s all based on how much you know and you can read…but the very best thing I’ve found is to get in a room with people who are also travelling in the same direction”
"If I can do it anybody can"
"Believe in yourself, no one is coming to the rescue"
VALUABLE RESOURCES
www.neilcowmeadow.com
Twitter @tutorpodcast
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Darren and Kev talk about a frequently forgotten topic in property, CDM regulations. Darren shares his experience in property and CDM regulations and talks about why he is so passionate about teaching others the importance of understanding how to protect themselves. Kev and Darren also outline the scenarios where CDM regulations matter and how to protect yourself as a property investor.
KEY TAKEAWAYS
CDM regulations stand for construction, design and management regulations. This is essentially about running construction projects in the right way. CDM regs apply to you in any non-domestic construction. As the client, as the investor, understanding or having someone who understands the CDM regulations is essential to protect yourself. On a large project, it can be worth paying for one contractor to deal with all sub-contractors, to save you time and derisk the project. When choosing a contractor ask for recommendations and ask them if they will work to CDM regs.BEST MOMENTS
"CDM regs are in place regardless of what project you’re in, so anything to do with construction”
“People get scared by it (CDM Regulations) because they think it’s a big thing”
“Always ask contractors if they’ll work to CDM regs”
VALUABLE RESOURCES
https://linktr.ee/darrenburrows Taurus Project Solutions - https://www.taurus-property.com/projects?r_done=1 Facebook - https://www.facebook.com/darren.burrows1/?locale=en_GB LinkedIn - https://www.linkedin.com/in/darrenburrows1/ YouTube - https://www.youtube.com/channel/UCuGLmCrylHRvjsovzotwuQQ
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Sean Fitzpatrick joins Kev to talk about what he has been doing on his property investment journey. He shares why one deal was enough for him to quit his job, and the value of the Progressive community and talks about why investing in your own local area is excellent advice!
KEY TAKEAWAYS
Sean was told all his life to study hard and get to university, but it was whilst he was there, that he realised that his degree left him very few real options to make a living. He moved to England and sang in church choirs as this provided him accommodation. After a few years, he then became a school teacher but it became exhausting and he knew he needed to do something differently. After listening to the audio version of Rich Dad Poor Dad by Robert Kiyosaki, something in his brain flipped and he started to think of ways he could turn his current property into an asset. Robert Kiyosaki said he completed a no money down course, and it changed his life so Sean looked into doing a no money down course too, and this is how he found Progressive Property. Sean began to implement some of the things Kevin had told him to do on the course and they worked. In one deal, Sean managed to make enough to earn more than his monthly salary as a teacher and it was then he considered quitting his full-time job. Since his first deal Sean has worked on flipping properties and well as standard buy-to-lets.BEST MOMENTS
"I started getting that niggling feeling inside that something wasn’t right, I needed to do something different, I realised unless I did something fairly drastic I would be stuck in the system of constantly working for very little pay”
“Robert Kiyosaki mentioned he did a no money down course and that’s the thing that changed his life”
“It turns out that Kevin McDonnell was right!”
“Follow the successful and the success follows”
“That one deal gave me the flexibility of thinking about leaving my job”
VALUABLE RESOURCES
Facebook - https://www.facebook.com/sean.fitzpatrick.752/?_rdr
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
TikTok: https://www.tiktok.com/@progressiveproperty
YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g
Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
Instagram: https://www.instagram.com/progressiveproperty/
Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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