The Progressive Property Podcast No Money? No Problem! Kicking Off Your Property Empire
Kevin shares his expertise on starting a property empire with no money down. He challenges conventional wisdom, debunks common excuses, and reveals how anyone can kickstart their property journey, regardless of their financial situation.
KEY TAKEAWAYS
- No Money Down is not just a technique, but a mindset and way of life that allows investors to scale their property portfolio without using their own funds.
- The CREST model (Credibility, Return, Exit, Security, Trust) is crucial for raising money and building successful property deals.
- Having money can be a disadvantage in property investing, as it can lead to analysis paralysis and missed opportunities.
- Surrounding yourself with the right people and changing your environment is essential for success in property investing.
- There are numerous No Money Down techniques, such as rent-to-rent, lease options, and vendor finance, that can be used to acquire properties.
- Focus on creating passive income streams from property to fund lifestyle expenses, rather than relying on earned income from a job.
BEST MOMENTS
"No money down doesn't mean no money. No money down is a way of life. No money down is a change of thinking."
"I spent a bit of time doing what most people won't. So I can spend the rest of my life living how most people can't."
"Most people make excuses instead of making money. And the thing is, you can only have one of them. It's which one you choose."
"Money has never been the obstacle. It's all about the knowledge of what techniques to use and how."
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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