The Progressive Property Podcast

In this episode of the Progressive Property Podcast, Kevin discusses everyone’s most hated topic, Tax! There are new tax changes incoming, and here is what you need to know. Do not fear, there have always been tax changes and people have ALWAYS made money, the key is to roll with the punches and listen to Kevin’s top tips so that you can make the most of your money! Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI KEY TAKEAWAYS  Run your investment property as serviced accommodation to avoid paying tax on your interest only mortgage! Turn your properties into a limited company to get access to incorporation relief. (You will still have to pay stamp duty) STOP PAYING TOO MUCH TAX by getting a tax advisor instead of an accountant. If you run a business (and property is a business) make sure you claim for all of your deductible expenses before tax! If you’re investing in a property to rent, look for properties with happy, paying tenants already in it. That way, you don’t have to risk finding potentially rubbish tenants yourself! BEST MOMENTS  “There have always been tax changes from the government, and people have ALWAYS made and lost money, the key is to roll with the punches” “Accountants are tax collectors for the government, get a Tax Advisor instead!” 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/

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/

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD Kevin talks openly and factually about whether you should be selling or buying in the wake of the further BOE interest rate rise! KEY TAKEAWAYS  The BOE has increased increase rates again, the base rate is now 4%. The majority of people who decide on rises are in agreement that this is close to the highest they should go. The 2007 crash was for completely different reasons to the struggles we are seeing now. As fewer people are buying, particularly amateur investors, that presents opportunities for experienced investors. Property investing should be about the long term, house prices will always increase in the long run. You can easily waste time waiting for the ‘right’ or ‘best’ property, meaning you’ll miss out on a lot of great investing opportunities. Everybody needs to use creative techniques and other people’s money to build a property portfolio. BEST MOMENTS   ‘They are talking about it being pretty close to the top of the interest rate rises’ ‘If it stops people spending money it also stops people buying property’ ‘Less buyers, prices start to go down’ ‘We know fundamentally that property prices in 2024, 2025, will be significantly higher than they are today’ ‘Whilst many people are waiting for the best property, they miss just doing deals that work’ 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 Rental income is increasing at a staggering rate and there are no signs of it stopping. Listen in to this episode with Kevin to find out what he thinks the future holds for rental prices and what you should be doing right now if you’re a landlord. KEY TAKEAWAYS  The cost of living impacts everything, rents have to increase if interest rates are going up and the cost of maintaining a property is increasing too. Rent controls don’t solve anything, landlords just hike up the rent prices upfront before putting tenants in. If you get rid of landlords, who will provide the homes? Kevin can only see rents increasing more in the future, mostly due to supply and demand issues. Landlords are doing their best to help their tenants by making their rents as affordable as possible, in most cases, they aren’t passing all their increases in costs on to the tenant. Now is still a good time to be a landlord, you just need to find the right deals. BEST MOMENTS   “The cost-of-living crisis affects everybody” “Rent freezes are a bad idea as it forces those that are looking for homes to have to pay more” “You should not be hoping and wishing to get rid of landlords you should be pushing for more investment because that will mean more stock availability and lower rents” “Many landlord's mortgage repayments have increased by 100%” “The very answer is to provide more accommodation to bring the price down, it’s very simple” 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 keeps being asked the same question, is buy-to-let dead? He answers this question and gives his thoughts on the current market for landlords in this quick and straight to the point episode. KEY TAKEAWAYS  You always have to balance the cost of work to added value, sometimes things you think might add value won’t be enough to offset the cost. Buy-to-let is not dead, there are people watching this video that will become millionaires in property. You can become wealthy in property investing at any age in any year with the right strategy. The press loves to talk about problems and curate fear which is why they are creating headlines saying property investing, particularly buy-to-let is dead. BEST MOMENTS   “Buy-to-let will never die!” “Sometimes what looks like a good financial idea, is not a good idea” “It’s easier to make excuses than to take action” 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 In this episode, Kevin wants to share his thoughts on the looming housing crash of 2023 and how you can either take advantage of it or avoid it! KEY TAKEAWAYS  House prices have increased hugely in the past 2.5 years. Now they are correcting themselves. In the next few months, Kevin believes the number of first-time buyers will reduce because they follow the media. The amateur investors, those that think you need to time the market will also stop buying but this opens up opportunities for those who are experienced. There is an opportunity right now in the next 12-18 months to pick up properties at significantly lower prices. Saving money right now is a terrible idea, your cash is losing value. The bottom of the market, will drop but not as much as the top of the market. 5-10% -vs- 20-25%. Adding value is the way forward to existing property purchases. Simple economics is that house prices will continue to go up over time, if you are doing long-term investment, property is still a good decision. BEST MOMENTS   “There will be more and more stock coming available but less buyers” “People are still going to want to sell, people are going to need to sell” “The top of the market, the most expensive properties are going to drop massively, maybe 20-25%” “In 2025, house prices will be higher than in 2022” 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 Should You Buy a Property in 2023? The short answer is yes, but it’s essential that you have the right tools and education to make good decisions on what to and what not to buy. Listen in to Kevin’s top tips for buying property in 2023 and how you can turn this turbulent time into an opportunity. KEY TAKEAWAYS  Don’t wait and save, you’ll lose value on your cash. The market is so quiet right now, nobody is buying right now which means opportunities for investors. Your buy price is less in 2023 than it was in 2022 and long term, house prices will recover and increase again. Whilst everyone else is panicking about the market, those who think and act simply, will win. BEST MOMENTS   “Now is the worst time ever to be saving” “In 2023 there is tumbleweed on estate agents row” “Biggest crash in 2008…prices are higher now than they were then” 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 Mark in this episode where he unveils his personal predictions for the property market in 2023 including why property prices are set to drop 30-40%! KEY TAKEAWAYS  Inflation is now 10% and mortgage rates have gone up considerably resulting in property prices dropping around 10-15% already. The reverse is happening in the rental market as fewer people are buying and supply is too low. Mark doesn’t believe the bank of England will go to 5% inflation however, we won’t be seeing the historically low rates we have had over the past decade. Wages are now starting to increase in line with inflation. Properties will continue to fall in 2023, potentially in real terms a 40% drop in house prices. The big national builders are already building less. There will be fewer houses built in 2023. BEST MOMENTS   “Clearly it’s not been an easy ride for lots of businesses” “We’re on course for a 30-40% drop in real house prices” “They printed too much money” “The national house builders are cutting back” VALUABLE RESOURCES  https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. CONTACT METHOD Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive  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-Let https://bit.ly/BTLReport-POD Professional property investors do deals no matter the market conditions. Listen in to this episode where Kev gives you the information you need to succeed in property in 2023. KEY TAKEAWAYS  Focus on adding value Focus on cash flow; equity is vanity. Raise capital and find deals; it doesn’t have to be your money Use creative investment techniques Change your mindset and surround yourself with the right people   BEST MOMENTS   “You make your money when you buy” “The amateur is waiting for the right time and they never get started…you can never time the market” “You cannot spend equity” “The skillset without the mindset will leave you upset” 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 This is a Q&A episode from Kev, giving the best answers to his most common questions and queries over the past few weeks, including about rising rents, issues with tenants as well as the importance of landlords for housing the population. KEY TAKEAWAYS  Every deal or purchase Kev and his team are making they are carefully taking into account EPC ratings, to future-proof their investments. You will save money, get a better mortgage and also receive higher rent. Only around 1% of tenants become an issue. It’s important to keep issues in proportion and context when they arise. It’s not landlords that are forcing up rents, it’s government laws and regulations. There’s not enough property stock, the country is building enough or renovating enough. Reducing landlords actually increases housing problems, it would mean even less supply of homes. BEST MOMENTS   “Do the work to get it up to a C-rating EPC now, it will save you money in the long term and give you the best mortgage deals” “Know the outcomes before you do the deal” “The government are forcing up rents, not landlords” “If there’s more stock available, house prices will come down and rents will come down” 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/