The Progressive Property Podcast Sean's Success Stories: Matt's No Money Down Success
Sean interviews Matt Hawes, a carpenter turned developer who shares his property journey. After years of running his company, Matt reveals how attending Progressive Property training transformed his approach to property development. Most impressively, Matt discloses how he raised £500,000 with just one phone call to an investor who was in his network all along! Discover how Matt leveraged his construction skills, investor finance, and Progressive Property knowledge to convert a bungalow into a five-bedroom house for profit and learn about his exciting plans for future developments.
KEY TAKEAWAYS
- Matt's background as a carpenter and construction project manager gave him practical skills but it wasn't until he received proper training from Progressive Property that he learned how to leverage these skills effectively for property development.
- After attending Progressive Property's "No Money Down" course with Kevin McDonald, Matt discovered assisted sales strategies that allowed him to develop properties without paying stamp duty or needing substantial upfront capital.
- Matt raised £500,000 from an investor with just one phone call by offering a 10% return (compared to bank rates of 4-5%), demonstrating how accessible investor finance can be when you know how to present the opportunity.
- Before Progressive Property training, Matt made mistakes buying off plan properties through Inside Track, which taught him valuable lessons about the importance of buying properties close to home where he could utilise his building skills.
- Matt successfully structured a deal where he used investor finance to purchase a bungalow and his own building company's resources to convert it into a five bedroom house, creating two profit streams: one for his building company and an additional £80,000 development profit.
- The key to Matt's success was taking decisive action. He describes how he made several calls early one morning and secured £500,000 in financing before 7:30 AM, emphasising that people need to "get out of your own way" and just ask for what they need.
BEST MOMENTS
"I just made a list of all the people I knew that had money and I rang them... I managed to raise half a million pounds on one of the first phone calls I made."
"Get out of your own way, ask the question, and you can do it.”
"I really would like to start getting back into doing our own thing... I really liked it when I came to Progressive, just felt a lot more like a family... more like a cohesive network."
"So the flip and pulling all your money out... I bought this bungalow and then turned it into a five bedroom house.”
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.
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