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