The Progressive Property Podcast Thinking About The Bigger Picture; With Mark Homer & Peter Jones!
In todays podcast, Kevin gets you behind the scenes and listen in to two experienced property investors discuss; the property market, their current deals and developments, planning permission and proven property strategies working right now in today’s market. Get listening to hear Marks in-depth discussion with Chattered Surveyor, Serial Property Investor & Master Class Trainer, Peter Jones.
KEY TAKEAWAYS
- Mark: How have you been growing your portfolio?
- Peter: Traditionally I’ve been investing in the North East but more recently I’ve purchased a plot of land which we were planning to build 5 terraced housing but due to some issues with planning that have taken over 2 ½ years to go through we have finally been settled on 3 bungalows with actually will generate us the same amount of profit and are cheaper to build so currently we’re now applying to remove the conditions and should have the foundations in before Christmas. The goal now is to have 2 or 3 projects running at the same time because of how long planning can take to go through.
- Mark: What investments have you been doing?
- Peter: As you know I owned one flat in a block of fourteen and it was a disaster, all fourteen were rented out and none of the owners could agree and it the whole block started to deteriorate so I was planning to sell. But in the end, I managed to get acquire four more flats and convince the other owners to secure the plot with a fence and make the area a lot nicer. Additionally to this, I have also been investing with my son-in-law in properties around Nottingham, mainly single-lets following the BRRR model.
BEST MOMENTS“The whole planning system is a game and you just need to know more ways round”
“More recently it’s taken me over 18 months to get planning consent”
“The goal now is to have 2 or 3 projects running at the same time because of how long planning can take to go through”
“Capital values have been rising in certain areas and the Midlands and the North are still playing catch-up to London price rises”
“The property market is like a rollercoaster and property prices follow a ripple effect”
VALUABLE RESOURCES
ABOUT THE HOST
Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.
CONTACT METHOD
- Email: Markhomer@progressiveproperty.co.uk
- LinkedIn: https://www.linkedin.com/in/markhomer1
- Facebook: https://www.facebook.com/markprogressive
- Twitter: https://twitter.com/markprogressive
ABOUT THE GUEST
Peter Jones is a Chartered Surveyor, an author and a serial buy to let property investor. He has been involved in property for over 30 years having graduated from the College of Estate Management, Reading University, and then qualifying as an Associate Member of the Royal Institution of Chartered Surveyors in 1983, before being elected a Fellow in 1992.
By the age of 35, he was a Salaried Partner in a well-respected firm of Chartered Surveyors and was managing partner of their West End of London Office. His speciality was commercial property but during the recession of the 1990s his specialisation became redundant, and so did he
CONTACT METHOD
- ThePropertyTeacher@gmail.com