Avsnitt
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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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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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Saknas det avsnitt?
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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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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/BUYTOLETPODKevin 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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Kevin shares the 3 biggest mistakes he has made on his property journey, so you don’t have to make the same mistakes he did! Kevin talks about why he made these mistakes, what you can do to avoid them and talks about what he did to transform his journey to success.
KEY TAKEAWAYS
Using all his savings to invest in off-plan properties abroad Didn’t believe anyone would lend him money Was stuck in the 'system'BEST MOMENTS
"I didn’t have a plan”
“I didn’t have belief, mistake number 2 was I really didn’t believe in myself, I didn’t believe anyone would lend me money”
“I used all my problems as an excuse not to take any action”
“Formal education will make you a living but self education will make you a fortune”
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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Kevin interviews Tina Cleary, a photographer turned property investor. Tina shares her journey from struggling with an inconsistent photography income to building a thriving property portfolio in just 18 months. Discover how Tina overcame her initial hesitations, leveraged her skills, and achieved financial stability through property investing.
KEY TAKEAWAYS
Tina transitioned from a 28-year photography career with unpredictable income to generating nearly £4,000 monthly from property investments within 18 months. Despite initial hesitations and having no money on her property journey, Tina successfully entered property investing using no-money-down strategies and mentorship. Tina's first rent-to-rent deal, secured with borrowed funds, now generates £800-900 monthly profit and in January after paying off her investor will increase to £2300 which will covers her bills Networking and leveraging transferable skills, such as property photography, can create additional income streams and investment opportunities. Tina stresses the importance of taking action, even when scared, as the alternative of staying stagnant is more frightening! Tina’s future goals include creating a legacy, helping others get on the property ladder, and exploring supported living investments for a positive social impact.BEST MOMENTS
"I will never regret doing this because I feel that nothing would have ever changed because I have tried so many things to have a more income."
"It's even scarier staying still and nothing changing. And I would bring my daughters here, which I already have bought one. And I hand on heart would just say, do it because it is life changing."
"I think it actually helped like not having the money because like how you train us. So sometimes money can be a distraction."
"Don't wish for no problems, wish for the ability to handle bigger ones."
VALUABLE RESOURCES
Property Website - https://ultimatepropertyinvestments.co.uk/about/
Photography Website - https://www.tinaclearyphotography.co.uk/welcome/#home
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.
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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Kevin hosts Swedish property investors Nana Piesie and Emelie Lindberg Piesie. They share their journey of investing in UK property remotely from Sweden, and soon to be Spain. Discover how they've built a diverse portfolio across England, their strategies for finding deals, and the importance of networking. This episode shows how international investors can succeed in the UK market, offering knowledge for both local and foreign property investors.
KEY TAKEAWAYS
Remote property investing is possible with the right education and network. Nana and Emelie have successfully built a portfolio of 16 rent-to-rents, 2 lease options, and several purchases across England while living in Sweden. The UK property market offers more opportunities for small investors compared to Sweden, where regulations and finance options are restrictive, making it difficult for individuals to invest in property. Joint ventures with local partners can be an effective strategy for remote investors, ensuring better management and alignment of interests in rent-to-rent deals. Consistency in your property investment journey is crucial for attracting investors. Staying focused on property and avoiding frequent shifts to other investment types builds trust and credibility. Networking is fundamental to success in property investing, leading to off-market deals, partnerships, and investment opportunities. Building relationships at property events and trainings is invaluable. Getting properly educated about the UK property market is essential for foreign investors. It provides the knowledge needed to navigate regulations, find deals, and build a successful portfolio remotely.BEST MOMENTS
"If UK had the sun, we would move directly. Because the people in the UK, we love the people in the UK. You're amazing. Everyone is happy, even if they're not happy".
"Without the network, we wouldn't be here, where we are today. No obviously all of the connections that we made and some of them have turned out to be become friends now."
"We have some investors that came like three years in because they were like just looking, okay, are they still doing property? Are they still doing property? And then boom."
"Get educated, I would say. Yeah. You gotta get educated first if you don't live there, if you don't know the rules. That was like critical for us."
VALUABLE RESOURCES
Miracle Properties Links Website https://www.miraclepropertiesltd.com
Facebook - https://www.facebook.com/miraclepropertiesltd#
Instagram - https://www.instagram.com/miracle_properties_ltd/
YouTube - https://www.youtube.com/channel/UCX47jkL2qUfzn59fsZwGo6w
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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At the halfway point of 2024, Kev gives a mid-year kickstart and talks about 7 steps you can take to start your property journey now. If you haven’t started your journey this year, or you’re feeling behind, this will help motivate you and get you on your way to making 2024 a property investing success!
KEY TAKEAWAYS
Adjust your mindset. Your mindset can be the biggest barrier to achieving your goals. Get rich quick schemes never work, you need to think longer term to change your life. Self-education makes you a fortune, formal education only makes you a living. Raise money resourcefully, you need the right finance to get started but this doesn’t have to be your own money! Start simple, boring is best. Over time you can build to bigger projections when you have experience. Build a supportive team of people who understand what you are trying to achieve.BEST MOMENTS
“Half of 2024 is now gone but this is still a great time to start”
“It’s about a clear long-term perspective”
“The job you are in is working for someone else, it’s working for them but it’s not working as well for you”
“Your bank account is holding you back”
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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Join Kevin as he interviews Tricia Crocker, a property investor who's made remarkable progress in just 18 months. Discover how Tricia went from juggling multiple jobs to successfully managing rent-to-rent properties and executing creative deals. Learn how she overcame self-doubt and leveraged unconventional strategies to build her property portfolio, all while maintaining a full-time job and family commitments.
KEY TAKEAWAYS
Tricia transitioned from various careers to property investing after attending a Multiple Streams of Property Income event, demonstrating the impact of education and networking. She utilises creative strategies like rent-to-rent, vendor finance, and assisted sales, proving that property investing doesn't always require significant personal capital. Tricia manages six rent-to-rent properties, generating an average monthly profit of £8,000, showcasing the potential of this strategy. Building confidence and overcoming self-doubt were crucial to Tricia's success, achieved through continuous learning and surrounding herself with like-minded individuals. Direct-to-vendor approaches have been more effective for Tricia than working with estate agents, highlighting the importance of personal communication in property deals. Balancing a full-time job, family commitments, and property investing is challenging but achievable through prioritisation and consistent daily actions towards goals.BEST MOMENTS
"I've always had an interest in property, So that's how come I ended up here and I turned up at a multiple streams property income one day. And the rest is history."
"I come to the mastermind sessions frequently every month without fail to surround myself with people who are further ahead than me and who know what they're doing."
"I've managed to help other people within my family and my friends and my kids, friends, parents and other things sort out Issues that they've had with their properties and that."
"I have learned that I'm the only person that's responsible for how I react to things. And I'm the only person that's responsible to change my life."
EPISODE RESOURCES
JTaP Properties - https://www.jtapproperties.com
https://www.facebook.com/tricia.stock.18/
https://www.instagram.com/triciacrockerdevelopments/
https://uk.linkedin.com/in/tricia-crocker-dipnebosh-75668160
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/
- Visa fler
