The Progressive Property Podcast What Actions Can You Take During Lockdown
Many people are stuck right now, thinking that they can’t do anything. that they must wait and look to the future. Kevin is here to show you why that is wrong. we are still only at the start of the year- don’t wait until 2021, we still have 8 months left! Kevin talks about why you shouldn’t wait for lockdown to get lifted, and what you can do while we are all stuck at home. This is the opportunity many investors have been waiting for since 2008, so don’t waste what precious time you have. Act now!
Key Takeaways:
- Just because a door is closed, it doesn’t mean you can’t work. Kevin has his own agency that is still working from home, arranging virtual viewings. You should be doing this now, not waiting. If you have a property to sell, get it up there for investors to see, or if you want to buy, let agents and vendors know you're interested.
- There is a window of opportunity to get rid of properties that are costing them money. Many landlords will feel desperate to bring cashflow back into their properties and will be more willing to accept creative partnerships with you. But if you decide to wait, you will find yourself at the back of the queue with everyone else jumping back into the market.
- You can still send letters to properties that are for sale. You can get to the vendor directly to build a rapport and possibly do a deal. This all comes from learning your area, what is for sale and how many people are looking to buy. Do your research. Know the price of your area. You can do all this research online. you will become credible when you talk to agents.
- Huge opportunity to become educated. Books, online classes, podcasts. Use your time well and you could come out of this lockdown with more knowledge than most investors in your area, giving you a huge advantage in negotiating deals
- Speak to other locals- get to know investors in the area, go on virtual networking events. Or maybe you’ve always wanted to get to know investors in another area? Well now's your chance to do it and find a group to speak to and connect with to share knowledge of your goldmine area.
Best Moments:
- “This is the time for planning, this is the time for action, this is the time to educate yourself”
- “Don’t waste the opportunity you have been asking for”
- “You can attend any network event right now across the country from the comfort of your home”
- “Now is the time to get your ducks in a row, you don’t want to be waiting until after the lockdown is over”
VALUABLE RESOURCES
https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767
https://www.youtube.com/watch?v=o8TZdualhcw
https://robmoore.com/
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
Contact Method:
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
http://progressiveproperty.co.uk/