The Progressive Property Podcast

Nick Thorpe has been a mentor with the Progressive Academy for 8 years, having sourced over 450 properties of his own and building and exiting multiple businesses. Nick joins Toni to talk about the multiple property strategies he has used over the years, his biggest challenges and why he settled into the sector of student accommodation. KEY TAKEAWAYS  One of Nick’s most challenging projects was his first development, converting properties in Brighton into HMO. He was living in Leeds at the time so it was difficult to project manage from a distance, especially with some of the difficulties he faced and he only broke even. Nick has also partnered with the wrong people previously which has caused him to lose money. Nick noticed that there were many student landlords in his area that had been doing the same thing year in and year out so he decided to disrupt the space, bringing in more aesthetically pleasing options in great locations. Bringing people in-house to help with his projects is something Nick has replicated across all his property investments. Having the right location is essential for student lets. You need to understand what’s important to students specifically, such as good wifi and local amenities. BEST MOMENTS   “You had an intention and you built a business around it” “It really worked that was the niche, I could make it look very good and at a decent cost” “That’s the standard now, but it wasn’t then” “There are accommodation shortages according to UCAS” “Literally find out what people want and give it to them” 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 Carole Neales in this episode to talk about the 240 units she has built in just 6 years. Carole came to Progressive in 2015 and started her journey properly in 2017 and talks to Kev about how Progressive helped her and what she has learnt since attending Progressive Property courses. Carole also talks in-depth about her unique property portfolio in social housing. KEY TAKEAWAYS  Carole works with charities and supports many people through her property portfolio as the units she manages are social housing. Working in the hotel business as well as events means that Carole had always worked in customer-facing roles, she likes people and her favourite thing is talking! After seeing vulnerable children and having empathy for those struggling financially, Carole wanted to do something she could help society whilst also making good investments. Most landlords aren’t bad people, they want to help people. Bad tenants come from all walks of life. Carole doesn’t believe she has had any more issues with damage and rent arrears with her social tenants than private landlords would get. BEST MOMENTS   ‘Everything we do whether it’s needed or not we make sure is HMO compliant as there’s always going to be more than 2 people in the property’ ‘Some of us are quick to judge people that have fallen on hard time’ ‘Landlords are really great’ ‘Because I work with them so closely, I get preferential rate’ VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE GUEST Carole Neales Director Clearwater Property Partners carole@clearwaterpropertypartners.com 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/

Mark Homer talk about what’s happening in the news right now in regards to residential property investment and gives an update on what we are seeing in the marketplace too. KEY TAKEAWAYS  House prices have dropped 3-4% across the country. We aren’t seeing a big increase in repossessions as some might have expected. There are 110k people coming off fixed-rate mortgages a month right now Lenders have had pressure put on them by the government to switch people to interest-only mortgages to help with affordability. There are a lot of new permitted development rights going through consultation right now which could be transformative for anyone looking to convert buildings into residential use. Betting offices, and payday loans will be within the permitted benefit scheme under new changes for redevelopment. There is a collaboration between the government and a property steering committee to get property digitalised, creating less friction, speed and transforming the industry. BEST MOMENTS   “You can imagine these interest rate rises are going to bite and decrease their spending elsewhere” “This is quite different to what we saw in the late 80s and because of that repossessions are still very, very low” “House prices have probably dropped 10-15% in many areas” “ 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 shares some of his YouTube content in this episode, to help you in your property journey and save you from making mistakes. Kevin explores the topic of freehold -vs- leasehold properties, whether you should invest in either or both and outlines the key differences you need to be aware of as a property investor. KEY TAKEAWAYS  When you buy a freehold it means you are buying the property and the land it is on. With a leasehold, you lease the land. This means as well as a mortgage to pay you also have service charges. With leasehold, you may be expected to pay for things that are external as well as internal, anything external is a joint responsibility between you and the leaseholder. Short leases, under 75 years, are hard to mortgage and start to devalue. You can get creative with leasehold properties and make money in ways you can’t do with freehold. You need to be the expert and work out your profit yourself, make sure you always include additional fees, estate agents might not include these. BEST MOMENTS   “As long as that mortgage is paid, that freehold property is yours” “Leasehold properties are typically, blocks of flats” “When you buy a leasehold property make sure you know what you’re buying” “The benefits far outweigh owning freehold property because it is always yours” “Be very careful of leasehold property, where you do your numbers wrong!” 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/

Toni and Emerald join the podcast to talk about Michael Goves’s housing crisis speech, the pressure on housing prices in the South of England and whether buy to let is now dead. KEY TAKEAWAYS  House prices dropping can present some unique opportunities for investors so don't be frightened by headlines. Average house prices are now falling on a yearly basis in most places in the UK -vs- the last two or three years. However in Yorkshire, Midlands and Northern Ireland they have actually increased. Sales are half of what they were this time last year but last year we were still in a bubble, Toni believes the market is simply correcting itself. The government needs to support landlords, they play a critical role in plugging the housing shortage gap but instead, they keep bringing in more regs and rules to punish them. The government need to take some ownership of the current situation. BEST MOMENTS   “It’s the largest year-on-year decrease since 2011” “We like that Forbes tells you one thing on one page and something totally different on the next” “What goes up must come down” “The asking price is irrelevant as it’s usually been created by over-enthusiastic estate agents” 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.  progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

What exactly is inflation and why is it important to us as the general public but also as property investors? Kev explores these questions and gives straight forward, unbiased, and honest answers and talks about the real reasons why more billionaires are created in a crash than at any other time. KEY TAKEAWAYS  The measuring of inflation isn’t always that accurate. It’s not just about the goods you buy in a supermarket but everything in the economy that requires currency to exchange hands. In the past couple of years wages are simply not high enough to keep up with inflation, even the government is looking at increasing public sector wages by 6%, which is still way below the rate of inflation. Right now you can enter the property market for less, there are unique opportunities out there for investors. Buy to let investors have always had to buy with a higher deposit, if you have the cash you can invest as long as you stress test yourself. Property prices are going to come down, there will be many repossessions including rental properties. The amateur investors who overleveraged and did not plan will be the ones who suffer. It’s the ones that need to sell and that you can help where you will make money. BEST MOMENTS   “Inflation is simply the buying power of money” “Does increasing interest rates help solve the inflation problem? Yes to a point but not like it used to” “Will every landlord have future proffed their portfolio like I did? Absolutely not” “More billionaires are created in a crash than any other time” 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/

Abby Pendlebury joins Kev in this episode. Abby is only 4 months into her property journey but gives inspiration for what you can do in a short amount of time as well as what you can focus on for the future of your property journey as she shares her current plans and those for the next few years. https://www.linkedin.com/in/abby-pendlebury-57078b266/?originalSubdomain=uk KEY TAKEAWAYS  Previously a merchandiser, Abby’s father has always been in property as well as other family members so it’s always been something she has thought about. Abby attended the progressive deal packaging course and as soon as she completed it she decided to quit her job and start on property full time The packaging Abby offers is to order, they will source for their clients and deliver exactly what it is they want and need. You have to take time to build relationships with investors, they need to trust you to work with you. Start small and build upon your network in order to grow and scale. BEST MOMENTS   “Things are always changing, you need that education, learn from people who have done it” “You and the buyer make more money and the loser is the government and banks” “We will literally do what it is you want us to do” 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/

Shimon Rudich of MS Law joins Kev to talk about creative property investing including the many options out there and the most effective ways of utilising them to grow your property investing business. KEY TAKEAWAYS  You have to be willing to think outside of the box and out of your comfort zone in order to use creative property investing techniques. If you want to scale quickly and make money faster then creative property techniques are the way forward for you. There are many similarities between what is happening now and 2008, if the housing market crashes there will be many opportunities for experienced property investors. If the market crashes, as a property investor you pay less but you can still charge the same rent. It also ‘culls’ a lot of investors that aren’t serious so can be a positive thing for you as an investor.  There isn’t one single strategy that works for everyone or even every situation. You must tailor your strategy to your unique circumstances. BEST MOMENTS   “Different people have different mentalities” “If you only do things in one way you limit the opportunities” “We buy properties to make money and instead of buying in the usual way we can buy to make more money, why say no” “They deserve to be out of the game” “Less competition, pay less, what’s bad about a market crash now?” 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/

It’s a take-over this week as Toni and Emerald give their opinions on the past month's property headlines including whether now is the right time to invest. They also give tips and solutions to some of the difficulties property investors may be facing right now. KEY TAKEAWAYS  House prices are falling, but only by small amounts in most places. Many property headlines are currently sensationalising to the max! A lot of them can be mostly ignored. For every downside, there is an upside. Now could be a good time to buy for many people including first-time buyers. Ensure that the information that you are engaging with is from people who know what they talk about, people and experts with experience and knowledge in property investing. There are key differences between landlords and property investors. If you’re buying long term, it’s unlikely you will regret what you pay for a house. Property investing is for the long game. A joint venture is one way to decrease your own personal risk in the current market. Toni and Emerald would recommend downloading Mark Homer’s e-book, 42 tips. The price an estate agent gives is not a sold price, always bear this in mind when looking at the changes in prices. The news is never where you should base your decisions on, the information they give is to sell news not to help you in business. BEST MOMENTS   “House prices are now falling” “Get an education from people who know what they are doing” “Look at creative solutions which you will know if you surround yourself with the right people” “Part of being an investor is understanding the market, doing your own research so you know what’s going on” “How is anybody supposed to decipher this, day to day everything is changing” “Perspective is absolutely key” 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/

CLASH OF THE TITANS - Go To moorevleeds.com to find out more Kevin gives his honest thoughts and advice in response to some of the most popular questions from his students and masterminds surrounding property investing including how to use debt to generate money, whether rent2rent is a legitimate business and even how Kevin keeps up his motivation and energy! KEY TAKEAWAYS  You can create money through using assets, such as property. You can move from earning money to creating money by taking on ‘good debt’. Kev used to get up tired and go to bed tired in his corporate job, property investing is living his dream and spending each day creating and building something for himself. This is where he finds his energy! Property investing is one of the few things that allows average people to build a legacy. Think of all the opportunities each day presents to you. The problem with the world today is we aren’t building resilience into our children yet the world is a very difficult place to live. Property investing isn’t about competing with one another like in the corporate world, it’s all about collaboration. Your success comes with other people, not at their expense. AI will change the world and to succeed we need to embrace it and see it as an opportunity. BEST MOMENTS   “Only the government can make money, they print it” “A property business pays you today, a property investment doesn’t necessarily pay you today” “I’m building something I’m passionate about” “Property investing allows you to build your own dream, your own legacy” “Everything happens for a reason, there is no such thing as good luck or bad luck just balance” “You can’t think an impossible thought, anything is possible” 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/