The Progressive Property Podcast Cash in a Property Crash - Why is NOW the right time to get into Property
Kevin is interviewed about his new book, "Cash in a Property Crash". Kevin shares critical insights on the current state of the UK property market, predicting a significant crash following the election. He reveals strategies for investors to not only survive but thrive during this downturn, and talks about the importance of education and creative thinking in property investing.
KEY TAKEAWAYS
- The UK is in a property market correction and heading towards a crash, with many people struggling to afford their mortgages due to rising interest rates.
- Financing property deals is more about mindset than actual money; the wealthy control debt and leverage other people's money and properties.
- Property investing should be treated as a business, focusing on building a portfolio during a crash rather than saving for a single property.
- The system is designed to keep people in the middle class, paying taxes, and unaware of financial strategies used by the wealthy.
- Creative property investing techniques, such as lease options and vendor financing, can help investors acquire properties with little to no money down.
- Self-education is crucial for building wealth, as formal education primarily prepares people for jobs and paying taxes.
BEST MOMENTS
The great thing about property is anybody can do it. The jobs you do today are probably a lot more difficult than property."
"The system doesn't survive without the middle class. And the system doesn't want people to be financially savvy, because if they're financially savvy, then they'll stop paying the taxes
"I didn't put any money into my office deal, but on my home, I didn't just do my home with no money. My home, I was paid to purchase it."
"Self-education makes you a fortune. Formal education makes you a living."
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
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