The Progressive Property Podcast Progressive VIP of The Year, Charlie Taggart!
In today's podcast, Kevin is joined by Charlie Taggart, Charlie first attended a Progressive Property event in 2017 and since then has gone on to enjoy a successful career in property. Charlie left her full-time job as a lawyer in London and has gone on to make property investment her full-time job, even winning Progressives VIP of the year award in 2019. Listen in today to hear Charlie's story and find out how you can do it too.
KEY TAKEAWAYS
Q. When did you first come to progressive?
- I first came to progressive in 2017, I attended multiple streams of property income event.
Q. Where you already involved in any property at that point?
- At that moment in time, we had one buy to let property and we were accidental landlords. We had just had our daughter and I was due o go back to work and I was a lawyer in London, with really long hours. Once you have a child all of that changes and I very quickly realise I was missing out on the most important to years. I was having to leave work each day at fie thirty to get home to see my daughter, this was having a knock-on effect on my job as well. I was in quite a bad place mental health-wise as I was under a lot of pressure, and around that time we found Progressive, and I just knew that was for me.
Q. What did you get out of the event?
- It’s a three-day event, and you have all of the progressive speakers there who give you an insight into every type of property strategy there is. We only knew to buy a property you have to save for a deposit and buy a house. I knew there must be something that we didn’t know. Over the three days we had some amazing speakers deep diving into every type of property strategy, things we had never heard of before and it was just mind-blowing. We then joined the VIP programme.
Q. Where did you start cash-wise?
- We didn’t have any savings, we weren’t financially educated and didn’t start with any of our own money. Everything was Rent to HMO, to begin with.
Q. How did you structure one of your deals?
- The first HMO that we got was through an estate agent, we knew what we were looking for and how to analyse a deal and then sourced it through an estate agency. It is a rent to rent for a 5 bedroom house, where we pay the landlord monthly rent. We then turned it into a six-bedroom house, we bought all the HMO licensing and rented it out room by room.
Q. The people in the progressive community have they helped you in your property journey?
- Being part of the community is so so important, the mentorship alone, really helps you with direct questions and answers on a monthly bases. However the community is great, to be around like-minded people makes such a difference, it can be quite a lonely journey that you start on , to come here once a month who are either just starting out or who are ahead of you, you all learn from each other and everyone has already been through it. I have made life long friends and the support is amazing and we are a family and that's just invaluable.
Q.How much time does it take after setting up a property to get the income coming in?
- Our first property took us a month to source the property and build relationships with estate agents, at probably 5 hours a week. To get a property set up will depend on the state of it in the first place. From start to finish it is usually about a month but our quickest has been 3 days.
Q. Do you think you would be where you were today without progressive?
- Absolutely not, even when times are hard my husband suggests going back to a full-time job and I say “absolutely not!”. I owe so much to progressive, it has completely changed our lives.
BEST MOMENTS
- “It quite honestly blew our minds”
- “I came to progressive, I got educated and I got mentored”
- “Life is so much better now”
- “If I can do it, anyone can do it”
VALUABLE RESOURCES
https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767
https://www.youtube.com/watch?v=o8TZdualhcw
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.
ABOUT THE GUEST
Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/