The Progressive Property Podcast Unleashing Property Success From Doubt to Deals
Kev is joined by John and Sarah Crew who share their journey in property investing the past two years. This episode might just inspire you to get started or give you new ideas on what you can do with your property portfolio in your area. John and Sarah also talk about how important the network and knowledge gained from Progressive has been in their recent success.
KEY TAKEAWAYS
- On his days off as a firefighter, John began helping his builder friend. Sparked by an interest in their Victorian property, John and Sarah then began to renovate and used money they had saved to start their own buy, refurbish, refinance strategy.
- They first attended a progressive event in 2020 which made them realise they would need to use other people’s money to build their portfolio.
- All locations have an abundance of property deals, you just have to learn how to find them.
- Build your profile in your area and network, if people know who you are and what you’re looking for the deals will be easy to find.
- If you find good deals then finding an investor to back you won’t be difficult. You are providing a valuable service.
- The purchase price of a property in BRR is one of the least important factors, the main focus is actually on the redevelopment value.
- John and Sarah are still working full time but this will change within the next two years when John and Sarah plan on both taking property investing on full time.
- The best time to start investing in property is right now.
BEST MOMENTS
“We decided to use a bit of money we had to start the BRR strategy”
“There are more deals out there than you could ever imagine”
“I don’t think necessarily you have to physically be everywhere but you have to put yourself out there and make sure people know what you’re doing and what you’re looking for”
“It was quite a scary concept, using other people's money. Now we feel comfortable with that”
“We’re working towards something and nothing will get in our way”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
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