The Progressive Property Podcast

How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the perfect episode for you. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI KEY TAKEAWAYS Just get started – stop procrastinating! You will make mistakes, be aware of this and own it. Reduce the risk by educating yourself. Know your numbers. Start with the end in mind. There are plenty of houses to flip, don't be folder by hearsay. You can flip houses with none of your own money. You need to build a power team, to build success you need people around to help and support you, tap into others knowledge and expertise. Speed – You have to move quickly with house flipping. Don’t do the work yourself – Get the right professionals in to do the work, don’t be pennywise and pound foolish! BEST MOMENTS “The best time to start is right now” “Maybe you need to be around the right kind of people…money is everywhere you just need to get out and find it” VALUABLE RESOURCES 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/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Are you scared of making a mistake? Are you fearful of making a bad investment? In today’s episode of the Progressive Property Podcast, Kevin shares with new investors a 7-stage step-by-step guide on purchasing property and how to know if it’s a good investment. Discover how to spot a strong rental demand, where you can add value and what investments are best for instant cashflow. Join the Progressive Property Community KEY TAKEAWAYS Strong rental demand. You should not invest unless you’re sure that you can tenant that property. Research the demographic, demand, value and type of property that rents well in your chosen investment area online and in-person and even survey potential tenants and competition to discover your ideal investment. Cashflow. You need to invest in property that pays a positive cashflow today. Calculate your rental income (turnover) minus your expenses = profit/cashflow. Cashflow will also help to protect you from a recession negatively affecting house prices. Can you add value? Making money is about adding value to a property. Don’t gamble with a property that cannot be improved. Always research the footprint of the property for opportunities to add value. Capital growth potential vs stable property prices. When prices are stable and growth is miserable you will more accurately be able to predict future capital growth potential for that property on that street. Local Economy. Monitor the local economy and understand weather companies will be investing in the area and creating jobs and wealth which will lead to increased rental demand and capital gains. Make your money when you buy. Purchase at the right price, add value and bank future profits. Property Management. Always purchase in an area with good management companies and never manage your investments yourself so that you can focus on finding more deals to increase your wealth BEST MOMENTS“View other properties to get a good idea of what rental properties should look like”“Property is a business that needs to create you an income today”“If you build up cashflow generating assets, you can replace your income and cover your cost of living”“Equity is vanity, cashflow is sanity”“You cannot add value to new build properties”“Force the value of your property to increase wealth”“Add value and recycle your investment back out by leveraging the banks money” VALUABLE RESOURCES Rob Moore - MONEY 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/progressive, 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 FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD Which is the better investment, a cheap house or one that’s of higher value? Kev answers this question as well as talks through his most recent refurbishment and gives tips for anyone looking to do the same. KEY TAKEAWAYS  Kitchens and bathrooms are where you make value. You don’t have to spend a fortune to add value. Don’t change a boiler just because it’s old as long as it’s safe and it works you can just keep it. Finish the cupboards in the same way as everywhere else, it makes a big difference to tenants, at little cost to you. If you look at areas on a scale of 1 being the worst and 10 being the best, Kev advises looking at areas 2, 3 and 4 to get the highest return on a long-term rental. Cheaper areas will you give you more income month to month but you will get more capital long-term from a property in a more expensive area. BEST MOMENTS   ‘The kitchens and bathrooms are where you need to spend a bit extra’ ‘What this country needs is more good landlords providing quality accommodation for people’ ‘The upside of a cheaper area is you’ll make more monthly money, the downside is you don’t get as much capital growth’ 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 FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD Is a property market crash imminent? Kev explores this question and reveals everything you need to know about the market right now! KEY TAKEAWAYS  Kev has both breadth and depth of knowledge in property, he has invested in everything from buy to lets to commercial conversions. This is why he is best placed to answer questions around the imminent ‘crash’. High-interest rates aren’t all bad news, they effectively stress test all of your investments, meaning you’ll never risk buying something you later can’t afford. Property investing is about the long term, that’s why you don’t need to worry about high inflation right now. There are big deals and opportunities out there to make money in property and anyone could find and take these but people don’t think creatively. If you are looking to move up the ladder and get a ‘dream home’ for a good price, now is the perfect time. The only route out of a recession is to stimulate the economy, to create growth and to do this a key way is to make lending cheaper which means interest rates will need to drop. BEST MOMENTS   ‘I know the property market inside out’ ‘High interest rates actually protect you’ ‘You do not need to be a professional property investor to find these deals’ ‘It doesn’t matter how high the Bank of England push up interest rates, I’m not convinced it will control 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/

Welcome to a very special episode of the Progressive Property Podcast as Kevin covers the five key things to know before you get started in property. Discover why you don’t need your own money to start investing, why it’s important to surround yourself with a network of like-minded people and why cheap doesn’t mean cheap! If you’re starting out in property, this episode is for you. KEY TAKEAWAYS You don’t need your own money to start. With low-interest rates, there are billions of people looking for safe investments in the property market and you can help them by finding and sourcing deals and purchasing property with none of your own money. Surround yourself with likeminded people. Your network is your network, the right network of people will help to advise you to build assets, invest your wealth back into yourself and help to grow you and your legacy over time. Invest locally. You know your local area better than anyone else. Investing locally means you can move quickly, negotiate better deals, build and expand on your local network and invest in the right areas because you know your local streets. Find a mentor that challenges you to think bigger. Everyone has a mentor in their life but are they protecting you and holding you back? Join the Progressive community and find a property mentor that is an expert in property and that can help to propel you and your property portfolio forward. Cheap doesn’t mean valuable. The R.E.A.S.O.N model helps you identify what not to buy. Rundown, Expensive, Abroad, Scattergun, Off-plan, New-build. BEST MOMENTS “There’s nothing safer than property investment” “When you invest locally, you know the property market”  “Investing with your own money is the thing that holds most of us back in building a property portfolio.” VALUABLE RESOURCES No Money Down Challenge - YouTubehttps://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 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/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Lethttps://bit.ly/BTLReport-POD One of Kevin’s most asked questions is how to add value to a rental property, in this episode he explores various ways you can do this including 5 fundamentals you need to focus on. ***FREE DOWNLOAD*** How YOU Can Make A FORTUNE From Buy-To-Let http://bit.ly/BTLReport-YT KEY TAKEAWAYS Buy something where you know you can add value, where there is space for improvements, particularly focusing on the kitchen and bathroom. Probably one of the most effective ways to add value is to think about the internal layout of the property and how you can make this work better and more valuable. E.g turning a 2 bed into a 3 bed house; this can add up to 25% of the equity. Carpets and decoration are the final two touches for every room in the property that adds value. Loft conversions and basement conversions can add significant value to a property, especially in cities.  BEST MOMENTS “nice bathrooms, nice kitchens, they’re going to give you highest impact on value and highest impact on rental income” “You don’t have to spend a huge amount of money” VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ***FREE DOWNLOAD*** How YOU Can Make A FORTUNE From Buy-To-Let http://bit.ly/BTLReport-YT 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/progressive, 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 FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD Kev is joined by “The brains behind Progressive Property” Mark Homer for a second time to talk about how to build and manage a property business including your accounts and finances as well as investing. Mark and Kev also discuss investing abroad, the best way to do crypto and the biggest financial mistakes they see people making again and again. KEY TAKEAWAYS  One day Mark envisions moving abroad, his plan would be to come back to the UK once a month for 3-4 days for tax rules and use that time to manage his team on the ground in the UK Mark recommends using a simple spreadsheet to manage your costs, finances etc when first starting out, it’s simple, it works and is usually free! The impact of late payments (excluding mortgages) on a company credit file is less than on a personal file, another one of the benefits of setting yourself up as a limited company as soon as you can. Bitcoin is probably the most stable coin from an investment perspective, anything else is a real gamble. Mark would still recommend you don’t put any more than 5% into Bitcoin as it’s still very high risk. Most of those in cryptocurrency are then converting it into something ‘real’ such as fiat currency. Now is the time to buy property, prices are falling and will continue to fall and then increase again. Mark only buys properties with a 10-year view, he doesn’t flip properties. He also focuses on unloved properties as this is where he can add the most value. BEST MOMENTS   ‘Leverage is often not paying a bill, because the bill is wrong’ ‘The underlying technology behind crypto, the ledger system, is revolutionary’ ‘You can use property [investing] as the vehicle to earn money and put that into crypto…it’s a no-money-down crypto’ ‘I’ve never made more money, investing wise, out of anything other than property’ ‘As interest rates have gone up, it’s pushed property prices down’ ‘I love the stuff that’s unloved because that’s where you add value’ 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/

Kev is joined by “The brains behind Progressive Property” Mark Homer to talk about how he built his multi-million property empire, his thoughts on the property market right now, as well as how to find investors and venture partners. He also delves deep into the importance of risk in business and how you can manage it. KEY TAKEAWAYS  The biggest risk mark has had to contend with is his most recent property development when lockdown hit right in the middle of the project and he was paying 60k a month in interest. But the risks taken have paid off. Lots of people use the asking price as a guide price in property, but it can be irrelevant in the grand scheme, a property will sell for what someone is willing to pay for it. There’s still leverage to be had in single-let properties, you just need to focus closely now more than ever, on the yield. Direct to the vendor can be a great way to get a discount on your purchase price but working with agents and fostering those relationships can help you get more and bigger deals too. You have to educate yourself so that you know how to recognise a good property deal anywhere, regardless of whether that is from an agent, direct or even at auction. Build credibility for yourself and show the value you can bring to a deal, creating your own track record, this will make you appealing to investors. Debt can be powerful. It’s important to not over leverage but you can actually make more money from inflation by reducing the value of the mortgage than actual growth in real terms. A good accountant can add a lot of value, you don’t know what you don’t know and they can reduce your tax bills significantly. BEST MOMENTS   ‘If I’ve got a property question, if I’ve got a business question, Mark Homer is the person I’m going to go to” “You always want to add value, it’s so important” “The best deals we have ever done have been direct vendor” “We all start the same way” “You can make more money out of inflation, reducing the value of the mortgage than you can growth in real terms” 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/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD Kev answers your questions again on another Q&A episode of The Progressive Property Podcast. Kev focuses on the state of the market, the fundamentals of property investing and why there is still plenty of money and deals out there to be had. KEY TAKEAWAYS  A lender will lend as long as the rental income is 130% more than the mortgage payment, as a minimum. This is the lender stress test. Although the market is difficult at the moment, there are more motivated sellers in the property market right now allowing you to use creative investment techniques. Using your own money isn’t the way to build your property portfolio, there are multiple ways to borrow and use other people’s money. Landlords are leaving property, but mostly due to retirement, nothing to do with the market. Don’t confuse below market value with below asking price. You can create value in a variety of ways, particularly if you are willing to do the work. BEST MOMENTS   ‘You need to add value and force the value up’ ‘You can buy property cheaper than you could 3 years ago’ ‘The banks are not at risk today, the banks have plenty of money’ ‘You aren’t buying a house for today, you’re buying a house for life’ ‘Please don’t confuse below market value with below asking price’ 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/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let  https://bit.ly/BTLReport-POD Kevin answers your burning questions from a professional’s point of view – everything from why now is the perfect time to engage with the buy-to-let strategy, to the most effective way to make sure you damp-proof your house and achieve better energy efficiency. KEY TAKEAWAYS  Buy-to-let is to buy a property and let it out to a tenant. BRRR is to buy a property, refurbish it, and rent it out to a tenant. You make money not from rental income only – you buy value from the beginning. When you’re damp-proofing a house, you only need to go about 1.5 metres up a wall. Don’t confuse damp-proofing with energy efficiency. The mainstream media are convinced that buy-to-let is dead as a strategy, but those who actually operate in the sector know very different. Buy to let is very much alive and kicking. Cheap doesn’t always mean valuable. Cheap generally means cheap. Don’t invest elsewhere in an unknown place just because it’s cheaper. Invest in the places you know, even if it costs you a little bit more. BEST MOMENTS   ‘No property investor should be buying a perfect house and renting it out to a tenant!’ ‘Insulate your ceilings to keep the heat in!’ ‘It has never been easier to do buy to let!’ ‘There are way more opportunities for investors like me and you’ 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/