The Progressive Property Podcast

Katy interviews deal packager Abby on this episode. They discuss Abby’s journey to property investing and her latest deals. Abby and Katy also talk about the mindset and behaviours needed to succeed in property including being consistent and building relationships. To listen to Abby’s previous episode, head here: https://omny.fm/shows/progressive-property-podcast/from-property-to-merchandising-back KEY TAKEAWAYS  Abby was working as a merchandiser and had a very busy schedule but wasn’t earning what she wanted, she knew something needed to change and attended the Progressive Property Deal Packaging course. Abby is an advocate of direct mail, she has had consistently strong leads from it. A deal Abby is recently working on is a conversion into holiday lets. It will be a lot of work but for a brilliant end result! Abby has also recently completed an assisted sale deal, which she got via a direct mail lead. Probably Abby’s most impressive deal to date is on her own £1million dream home! Part of this success was due to relationships she had previously built. BEST MOMENTS   "You can’t have a week off from it you’ve got to keep at it, consistent action” “I’ve done a deal whilst in the room” “It was a complete fluke how we did it” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kevin is joined by property investor and previous guest Sophia Botchway. Sophia gives an overview of her property investing journey, what she has been up to since her last episode with Kevin and shares why she is on the episode solo this time! She also shares tips for getting investors’ money to help you build your property portfolio and how to manage your time to create the lifestyle you want. KEY TAKEAWAYS  Sophia’s portfolio has more than doubled in the past 9 months. The team mostly focus on single lets by investing and refinancing using investors' money. Sophia and her daughter learnt to invest in their local area. They live in an expensive area but always find ways to add value. Networking is essential to find investors willing to give cash. They have the money but not the time and want to get better returns on their money. Your attitude and passion are two of the biggest things to help you to get investment, followed by knowledge. Sophia has set up a networking event in her local area as well as an estate agency! There is no such thing as not enough time, it’s all about priorities. You can make time if you want to. Sophia’s biggest difficulty is that there are more deals than she can handle so anyone who says they can’t find any deals aren’t looking hard enough. BEST MOMENTS   "We’re investing in Oxfordshire, so right on our doorstep” “The money is sitting there and they want to get a better return on their money” “Just let people know how passionate you are about what you’re doing and that makes a big difference” “If you want to change your life, you can’t say you haven’t got time” “People are not looking for the deals, there are so many deals out there” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

The third and final instalment of Kev’s conversation with Property Developer Jerome Roith where we learn how Jerome finances projects, raises private finance, and navigates government obstacles. He shares why direct vendor deals yield the highest ROI and how to turn "sealed" bids to your advantage. Jerome busts myths around market timing, explains why persistence trumps perfection, and gives insight into leveraging agents to your benefit. KEY TAKEAWAYS  Property investing requires financial creativity, such as seller financing or joint ventures, not just capital. Approach deals asking "How can I make this work?" rather than "Can I afford this?". Surround yourself with positive, ambitious people; "If you stay close to the fire, stuff will happen." Detach from naysayers sticking to conventional, low-yield paths. Governments often make decisions to get re-elected, not to help citizens. Since you can't fix the system, learn to profit from it. Agents often lack investing experience, so don't let them dictate what constitutes a good rental or deal. Go direct to motivated sellers whenever possible. Timing the "perfect" property deal is futile. Executing dozens of good enough deals leads to portfolio growth and mastery. Sealed bids reward preferred bidders. Leverage relationships with agents to access insider information on competing offers. Minor social media critiques are irrelevant. Focus your attention on high-reward activities like financial modelling rather than perfect spelling. BEST MOMENTS   "I thought everybody was broke...there's more money on the planet today than there's ever been." "If I hired a Lamborghini with some attractive females around the post, it would blow up. If it's you and me talking about deal strategies, they don't want to know." "Anyone has the ability to be anything that they want to be. It's being that best version of yourself." "My attention to detail has to be on the contracts... The social media stuff, you've kind of now opened that up." "Only do a sealed bid or preferred bid scenario if you've got the agent in your pocket." VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progperty    progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

This is the second instalment of Kevin’s discussion with property developer educator Jerome Roith. They continue to talk about their property strategies, focusing on how they finance their projects and developments, highlighting the key differences and similarities between property investing and property developing. KEY TAKEAWAYS  There are two core mechanisms when offering to an investor in property development. Either give them equity in the deal or a fixed rate of return. It’s important to remember that the risk is often much higher for an investor for a property development project than investing in an existing house, If you can have investors take a share in a project/company it means you can continue to have them invest. It can be a problem borrowing from smaller investors or those you know as they can’t afford to ‘lose’ the money, meaning they will be higher maintenance to deal with. Inflation rates mean that more people want to invest their cash rather than leave it sitting in the bank. BEST MOMENTS   "I’m not a huge believer in borrowing expensive money especially when you don’t know when you’re going to be able to pay it back” “It’s cheaper for them than traditional lettings” “One of the issues with running a company today is the level of administration you have to adhere to” “It’s become easier to raise money because of inflation” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Join Kevin for the first instalment of a discussion with property developer educator Jerome Roith. Jerome works very differently from Kevin but has had a lot of success which is why Kevin wanted to get him on the show, to share his knowledge and different perspective on property. Jerome shares his personal journey into property development and Jerome and Kevin share the similarities and differences in their property approaches.   KEY TAKEAWAYS  After Kev had investments go under in the 2007 crash he had to get creative with making property deals, this is when he started doing rent-to-rent and lease options. Jerome sells to developers, which carries a different level of risk but gives him better margins. Time is valuable and the more experience you have the more valuable your time is to others. Kevin is always looking for new creative ways to invest in property, such as converting student accommodation into serviced accommodation or HMOs for professionals. Being an expert in your local area can help you source the best deals especially if joint venturing. Joint venturing is also something that can be useful in Jerome’s world of property development, particularly around enabling scale. BEST MOMENTS   "You do a lot of land and not the house itself” “I had the realisation that if I don’t do something I’ll be paying this off for the rest of my life” “The thing that put me in debt was property but the quickest thing to get my out of debt was…property” “There’s too many people running around not making enough of a margin and taking all the risk” “When I move into other things that’s when I make mistakes” “If you’re not making money when you sleep you’ll work til you die” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Join Kevin McDonnell, Katie Wilson, Dan Eton, Toni Gargan and Kevin Poneskis for their biggest property-investing horror stories in this Halloween special! KEY TAKEAWAYS  Whilst viewing a house she wanted to offer on, Katie discovered drugs that had been left there by the evicted tenant! Toni bought a portfolio during covid which meant some properties she was unable to view. Once able to view one property in particular, the damp in the bathroom was so bad that the walls were crumbling and the radiator was copper and black! It was in an old doctor’s surgery basement that Dan discovered a Roman urn! Many people felt a presence in this basement too. A haunted house in a not nice part of town that is also very ugly, makes just as much money as Kevin’s other serviced accommodation properties! BEST MOMENTS   "I did get chased down the road by a cage-fighting drug dealer when deal packaging once” “Nightmare into a ker-ching moment” “This is not a kids story” “Every time I see a for sale sign up I wonder maybe there was something contained in that urn” “They’d go to bed at night time and they would hear things moving and they’d wake up in the morning and the blinds had been moved or something had been moved in the house somewhere” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Beth Cardy, an experienced service accommodation provider, shares her journey of finding a better way to make cash in property. She discusses the importance of mentoring, systems, and support in her success. Beth highlights the value of having a reliable cleaning and maintenance team. The progressive network and community provide invaluable support. Discover the benefits of running serviced accommodation as a business and the challenges faced. Explore the selling and management of apartments for investors. Learn about changing mindset, dealing with challenges, sourcing a team, joint ventures, and getting educated in service management.

Ahmed Khan, a property investor who started his journey while still in university, shares his approach of starting small and working up to bigger projects while building confidence. He explains how he used rent-to-rent as a low-cost strategy to save up for deposits, transitioned to buying properties, and refinanced to get his capital back. Ahmed emphasizes the importance of taking small actions aligned with your experience level and having a long-term plan. He also discusses the mindset of making excuses and the progression from flats to houses in his property portfolio.

Halstead Otley shares his journey from working in retail to building a substantial property portfolio, including challenges with high-interest rates in the 1990s. He discusses different property investment strategies such as buy-to-let, HMOs, and commercial. Halstead emphasizes the importance of education, taking action, and networking. Despite challenges, he remains motivated by financial freedom and helping others achieve the same.

Darren O'Reilly, a SA Delegate who learned the benefits of network and support from Progressive. Chose rent to rent as his strategy, making 9k cash flow a month. Lessons learned: parents taught him to never sell anything, a nervous person almost discouraged him, ongoing support accelerates success. SA is a hospitality business with unique challenges. Money to be made in SA if willing to work hard. Expanding rental properties, dealing with challenges in deal packaging and sourcing, building units to generate income.