The Progressive Property Podcast How Rent-2-Rent & Deal Packaging Saved Me with Kevin McDonell
https://www.progressiveproperty.co.uk/raf/
Sean interviews previous host Kevin McDonnell. Kevin shares his journey from a farm in rural Ireland to becoming a multi-millionaire property investor. He reveals his painful mistakes buying off-plan properties abroad that left him £100,000+ in debt and how he transformed his life through property strategies like rent-2-rent. If you haven’t heard Kev’s story already, this episode will leave you inspired and informed. If you’d like to learn more from Kevin, he has written multiple books on property investing, including No Money Down Property Investing and Multiple Streams of Property Income.
KEY TAKEAWAYS
- Kevin began with zero property knowledge, making mistakes by investing in off-plan properties in Europe that put him over £100,000 in debt, this is why proper education before investing is crucial.
- After hitting rock bottom at age 35, living in a shared house and in debt, Kevin discovered rent-2-rent and deal packaging strategies that allowed him to become debt-free without needing significant capital.
- By moving into his first rent-to-rent property and subletting the other rooms, Kevin eliminated his own housing costs while simultaneously generating income to service his debt.
- Kevin emphasises that mindset and environment are critical success factors; surrounding yourself with positive, like-minded people creates opportunities that reading books alone cannot provide.
- From his initial failures, Kevin built an 18+ million pound portfolio with over 100 properties, 18 businesses, and several bestselling books, demonstrating the power of consistent action.
- Kevin's success formula is to believe in yourself and take the first step, surround yourself with like-minded people who share your vision and take massive action without fear of rejection.
BEST MOMENTS
"I realised that property was the thing that put me in debt. But actually, the only thing that could get me outta debt was property."
"Most people don't wanna change. They're full-time in a job, and they're building their boss's dream. But if you put as much effort into yourself as you do into building your boss's dream, you'd become successful."
"If you've read my book three times and it's not made you a millionaire, reading it a fourth time's not gonna make any difference. But maybe working with the guy who wrote it would."
"I'm not trying to buy a hundred houses. I never did. I just wanted to buy one. I now own over a hundred, but I only ever started to buy one."
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey.
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
https://www.facebook.com/kevinMcDonnellProperty/
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This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/