The Progressive Property Podcast How I Went From a Barber To Property Investor
FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
Kevin is joined by Stephen Kempt, who has spent the past 3 ½ years building up a property portfolio in single lets, buy-to-lets and HMOs. Listen in to hear how you can build a property portfolio from scratch in the current climate.
KEY TAKEAWAYS
- Pre-property Stephen says he was just like any ‘normal’ person. Generally thinking about pensions but having two holidays a year and living with his partner working full time.
- Stephen and his partner bought their first buy to let for pension purposes but they soon discovered that this wouldn’t be enough financially.
- The first step to building their portfolio was to gain property education.
- The key to Stephen scaling so quickly was by finding outside investment. It would have taken them much longer to build their portfolio relying on just their income.
- Stephen admits property investing is hard but it’s about choosing your hard. Either work full time until your late 60s or work hard now so you can have an easier life in years to come.
- Property isn’t a get-rich scheme but you will make wealth, it just takes time.
BEST MOMENTS
“We believe education and mindset are the foundation for everything”
“Start small, start grassroots, it starts at home but certainly ripples outwards from there”
“Be consistent, show up and be authentic”
“You’ve got to work hard in order to not work hard”
“You need to find that thing that stops you quitting”
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.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/