The Progressive Property Podcast The Rollercoaster Journey of Life and Property with Jamie Brookes
Jamie joins Kevin on the podcast to talk about what prompted him to change his life and start investing in property. He shares the knowledge that has helped him build and grow his portfolio and also reveals why buy-to-let is his favourite property investing strategy.
KEY TAKEAWAYS
- After travelling to the USA Jamie realised that he needed to change the direction of his life.
- Once Jamie decided property investing would give him the lifestyle he wanted, he started doing two flips a year alongside his Dad whilst still working full-time.
- After a few years, Jamie and his Dad split the money they had made and Jamie started investing on his own.
- One of the negative sides of flipping properties is the waiting for the sale, it can take anything from weeks to months to complete.
- HMOs as an investment strategy can be a lot more maintenance and work than many people realise. You have to keep it at a high spec to continue to keep it at full capacity to generate the income you need.
- Jamie’s next step is to move to the U.S and expand his business.
- Having a good social media presence means potential clients will already feel like they know you, there is a relationship being built before you even speak let alone approach making a deal.
- Positive procrastination can come from fear, it’s better to just start the process of property investing, you don’t need everything to be perfect to get started.
BEST MOMENTS
"I decided that I would get into property someway, somehow”
“I prefer to by-to-lets, I’m not overly keen on HMOs”
“I didn’t have a leg up, at all”
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.
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