The Progressive Property Podcast Neville Wright: How I Went From £0 to £100MILLION
‘If you keep going on a daily basis you will succeed in the long run’
In this podcast Neville Wright talks about his journey in retail and property.
Having started with just 39p Neville along with his wife built a hugely successful retail business and property portfolio and are now multi-millionaires.
Neville shares his experiences and business wisdom in this engaging podcast that will inspire you whether you are just starting out or already on your business journey.
KEY TAKEAWAYS
Starting a business
- When you are running your own business it’s hard work, but it stops being your job because you are doing what you want to do.
- If you are beginning in business you must be prepared to learn something new every day.
- Once you know how to run your business successfully you can expand on it and become the best in your niche.
- It’s what you are doing that counts and the only competition you have is inside of you.
How did property come into the equation?
- I began with window cleaning and said ‘yes’ to everything additional I was asked to do, such as repairs, after 3 months I left the window cleaning behind me and moved across to property maintenance.
- We used any excess materials to renovate a series of small terrace houses which we purchased, renovated and sold. Each refurbishment was completed in a very short time frame to enable us to move on as quickly as possible.
- There isn’t a shortcut you have to go up the ladder one step at a time and if you keep going you will succeed.
Scaling up
- At that time for every 4 properties completed the fourth was all profit and we grew year by year.
- Start small, focus on each day, keep reinvesting the money and don’t be afraid to borrow money to grow your business.
- Debt is personal, it is things that go down in value and that you don’t need.
- An investment is something that will go up in value, you can work to make more.
- In property, lots of people think they can come in at a higher level but in reality, they need to come in at a lower point in order to learn about property investment and earn the trust of potential lenders.
BEST MOMENTS
‘If you borrow money and use it for the purchase of equipment, it is not debt but an investment’
‘If you are in it you must be trying to win it’
‘Success can be just around the corner and you must not give up, you must get through the challenges’
‘You find a passion and you become the best’
VALUABLE RESOURCES
No Money Down: Property Investing book by Kevin McDonnell
https://www.facebook.com/groups/progressivepropertycommunity/
The Answer is Yes Now What is the Question book by Neville Wright
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