The Progressive Property Podcast

The energy price crisis is going to change the world of investing forever. Listen in to this episode with Kevin as he explores why this is but also why there is likely to be more opportunities than ever. Kevin also talks about his recent issues with mould, what corrections and changes are likely coming in the property market, what he believes Liz Truss’ policies will be in the coming months and more in an Ask Me Anything. KEY TAKEAWAYS  The billions printed in the pandemic are why we are in the situation we are now. The money Liz Truss is printing now will have minimal impact, both negative and positive. Interest rates are rising but they are still historically low. The cost of money is only relevant is you are paying more than you are making. If your property is already making a profit, don’t worry about if the government brings in rent freezes particularly if you are on a fixed rate mortgage. The coming years are going to create the most wealth-generating opportunities seen in years. You need to focus on growth and investing in your mindset and knowledge. You could start off in property and go straight into serviced accommodation but it’s worth remembering this isn’t helping solve any housing issues the country is currently facing. Time, knowledge and money are what you need for buy to let, however you don’t need all three to get started. There are lots of creative ways you can raise finance if you have time and knowledge for example. When there is a monetary crisis people obviously look to save money, This is why you typically start to see the lower end of the market rise in demand. Always be open-minded to opportunities and deals in property. BEST MOMENTS   “ 180 billion will do nothing to fix this country” “Interest rates now are now high” “The government does not have enough housing stock” “Money is not necessarily the issue for most people, people will still want to buy those properties but will there be a correction in the market?” “There’s a lot of hatred out there for landlords” “The most important part of the transaction is the person selling the house” “When you go out there looking for deals, suddenly you realise they are everywhere” 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/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 shares 9 top tips he has learnt in the past 9 years as a Property Investor. Kevin has been in the property game for over 20 years, but it was only when he came to Progressive Property 9 years ago that he really learnt how to become a professional property investor. KEY TAKEAWAYS  I am not a landlord; I am a property investor. Raising finance is one of the most important aspects of property investing Property is a people business The right house will always find the right tenants You can’t plan your week in detail Become knowledgeable about your local council and regs Long-term thinking is what you need in this business Your network, it’s not just what you know it’s whom you know Boring is best! BEST MOMENTS   “There’s a very big difference between a landlord and a property investor, a landlord owns a job while a property investor runs a business” “The quicker you can become the investor the quicker you will scale your business” “Do not pedestalise the money, the most important thing is your knowledge, your action, your time” “Property is about collaboration; property is about your network” “The long-term takes care of itself” 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/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kevin has been investing in property for 18 years, has built up a multi-million pound business and uses creative property investment strategies. In this episode, Kevin reacts to a  recording of Judge Rinder on Good Morning Britain about landlords. Kevin gives his take and insight on this video and gives his thoughts on how we can actually tackle the Housing Crisis in the UK. KEY TAKEAWAYS Yes, there are rogue landlords out there. But Kevin, his team and the landlords Progressive Property train are not part of them. In fact, they invest in run-down, sub-standard properties and make them better for future tenants of theirs as well as bringing properties back into use. Section 21 can get abused by some landlords. But Kevin has never done this, he wants his tenants to treat the property as their home. We have to think about the other side, section 21 is there for bad tenants, for the ones who don’t look after the property, who don’t pay on time. There are also many landlords out there who aren’t investors, that just have one property-when that tenant doesn’t pay or creates expensive repairs it can leave them in financial ruin. There is a lot of unnecessary red tape and it actually becomes an obstacle for tenants and landlords when there are issues to be solved. Unfortunately there are many tenants that don’t look after a rental property in the same way they would if they owned it. This is especially demonstrated when it comes to preventing damp. Not opening windows, not wiping down the shower and drying clothes incorrectly can cause damp issues, simple things that could be avoided. The types of property Kevin buys/invests in aren’t properties that would appeal to first time buyers. He isn’t creating competition for them as they wouldn’t purchase what he does, without landlords like him they simply wouldn’t be bought. Everything has to be in balance. There needs to be robust legislation that supports both landlords and tenants. To solve the housing crisis the country needs to become creative with solutions, the government, councils and landlords need to work together:-We need better accommodation to solve the housing crisis. There are plenty of buildings out there, it’s about bringing them back into use and to a good enough standard. The council could work with landlords to bring these back into use.-We need a more streamlined way of the government/councils paying landlords when tenants cannot. Universal credit has made this much harder. Capping rents would only harm tenants in the long run. Proper landlords reinvest their money back into the property creating a higher standard of living accommodation. BEST MOMENTS “Don’t tar every landlord with the same brush, don’t make every landlord a rogue landlord, because not every landlord is” “Maybe he’s got a hidden agenda” “They create damp in the properties” “Everything has got to have balance” “The private investors are the ones that can solve this problem” 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/

In this week’s episode, Kevin talks about all things auctions. Listen to Kevin talk about how you can still make money with auctions, what to look out for and how you can avid expensive mistakes. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI KEY TAKEAWAYS Making good money on auctions is all about knowledge and education. You need to have a good overall understanding of property investing and be educated around what to look for. Relationships are important to make deals with estate agents. With auctions, there’s no relationship needed, in this sense it’s easier and requires less work. With auctions, you know what other people were willing to pay. As long as you are educated it’s then easy to see if you have offered the right price or not. There’s 200+ auction houses around the country, just because someone has been to one and it wasn’t good or was expensive that doesn’t mean there aren’t deals to be had in other places. Keep things financial, don’t let emotions have an influence over your price and use your knowledge to get great deals. Kevin never makes early bids. He waits until people stop bidding as much and then offers. Sometimes he even offers post-auction if there have been no bids. If you can read the room properly then you can offer directly with the owner and use it not selling at auction as leverage.  BEST MOMENTS “Auctions are phenomenal now” “With right move it’s already too late” “If you bid too early you’re adding fuel to the fire' VALUABLE RESOURCES https://www.progressiveproperty.co.ukhttps://kevinmcdonnell.co.uk  ABOUT THE HOSTKevin McDonnell 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/

Kevin McDonnell talks us through the Dos and Don’ts of successful networking. Networking events can be daunting and can be unsuccessful and time-consuming if you don’t make that unforgettable first impression! Tune in today to find out how you can grow your network, make a lasting impression, attract JV partners and property investors and ensure that every networking event is a success!   KEY TAKEAWAYS  Where Can You Network?  There are many places you can go to network. Progressive property run about 40 property networking events all over the country, meaning it is likely there will be a PPN event near you. However, it is not only about networking events, but it is also a great idea to attend business networking events both locally and in different parts of the country. Have in your networking plan, to attend other types of events as well as events in other locations around the UK and the rest of the world that can help build your power team.   What To Do At Networking Events?   Have a clear plan before you attend, don’t just attend a networking event to listen to guest speakers. You should be bringing business cards to the events, you need to have a way that you can capture people's attention. As well as handing out your business cards, make sure you collect other people's contact details.   You want to be listening to others, more than you are speaking about yourself. Learn a little bit about people, keeping your eyes and ears open to find the person who is looking to invest.   If you do get the chance to tell people a little bit about yourself, keep it to a minimum and have what's called an ‘Elevator Pitch’, practice this at home before you attend. Focus your pitch on the features and benefits of working with you.   Make a list of people you need to help fulfill your power team, and go to the networking events to specifically source these people.   -A key part of attending networking events is the number of people you speak to. You don’t need to spend the entire event talking to just one or two people, you will be missing out on speaking to the majority of people at the event. The main goal of each networking event you attend should be to collect as many people’s contact details as possible.   Dress well when you attend a networking event. Don’t give people the opportunity to have a negative impression of you based on the way that you present yourself.   Give people the opportunity to talk about themselves, only speak about yourself if you’re asked. Ask them, how you can help them and what they’re looking for that can be mutually beneficial. Do not try to sell them things within the first few moments of meeting them.   BEST MOMENTS  “If you really want to scale your networking business, if you want to do a lot of property deals, then you’re going to need the help of other people”  “A wise person once said, ‘you’ve got two ears and one mouth, you should move them in the proportion”   “People want to work with people that they know, like and trust”  VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767   https://www.youtube.com/watch?v=o8TZdualhcw   https://robmoore.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/  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-Let https://bit.ly/BTLReport-POD Paul and Ben are a deal-packaging property duo who decided to joint venture together after re-meeting in the Progressive Property network. They join Kevin in this episode to talk about the 200+ property deals they have achieved over the past 3 years. KEY TAKEAWAYS  Paul and Ben had virtually no experience in property, before attending courses with Progressive Property and gaining an incredible network. Liverpool and Manchester is where Paul and Ben’s property portfolio is based. The duos experience in business meant they looked at the deal packaging process as a ‘conveyor belt’ so they had services to offer each step of the way, from start to finish. Systems are a worthy investment; it allows your property business to scale quicker. You can’t do 96 deals a year on just pen and paper. The education and support network Paul and Ben have gained from Progressive Property has had an immeasurable positive impact on their property journey. Businesses are evolving all the time, once you solve one problem you will find another one. But if you build a good support network around you and embrace the challenge you will thrive. BEST MOMENTS   “223 deals in 3 years!” “You can do property investing no matter how long you have been doing another career, no matter where your starting point is you can get started and begin a property business” “It all came down to systems and people” “Time is the most important element, and you can’t replace that” “Build your parachute before you jump out of the plane” 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/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 Samuel Chick joins Kevin for a second time in this episode to give an update on what he has achieved in the past 12 months. Last time he was on the podcast he was still working full time and it was mid-pandemic. Listen in to hear what Samuel has been up to the past 12 months and what he has managed to achieve. KEY TAKEAWAYS  In just 9 months, Samuel and his wife have managed to build 700k in equity in their property investments. Samuel’s strategy is to buy ex local authority properties and then push up the value by renovating them, extending them and turning them into HMO’s. Students are Samuel’s main market, he finds his properties are really popular because of the finish he puts on them and the great branding he has created. The benefits of the student market is the cashflow. Students move in at the same time each year and look for rooms for the following year at the same time too. So for 21 months of the year, you know where you are with your rooms. There are some small disadvantages to students, because they are usually young, they may call more often because they don’t know how to change a lightbulb and similar small maintenance issues. Samuel is able to rent his houses out for the entire year because they are in such high demand. He is proud of the high standard he offers and would happily live in them himself! You pay zero council tax on a student property and the student pay ‘uni homes’ for all their bills. All Samuel has to collect is his rent. The art of systemisation has helped Samuel with his HMO portfolio. He has built robust systems to ensure he is up to date with all regulations and maintenance. BEST MOMENTS   “The brand is really important” “All our houses are immaculate, I’d live in them, I feel proud” “If you do a good product, people will pay for it” “It’s as close to the single-let and forget but with higher cash flow” 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/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 is joined by Malcolm Ridley in this episode to talk all about his property investment journey. Malcolm didn't start his property journey until later in life but argues, and proves, that it's all about mindset, age truly is just a number. Listen in now to be inspired to start or scale your property investment strategy! KEY TAKEAWAYS  Malcolm was working for network rail as a commercial manager. It involved 60 hour+ working weeks and was what he describes as a ‘grey existence’. Becoming an accidental landlord is how Malcolm started his property journey. Shortly after this he also bought a property for his daughter to live in after realising how much she would be paying in rent in Leeds. Several years later, after his son had also lived in the house he bought in Leeds, Malcolm and his son bought a house at auction and his property investing started to expand. Malcolm learnt a few lessons from this auction property, including to not try and do all the work on a house yourself and why buying the worst house on a good street is a good strategy. After the auction property, Malcolm realised luck had been on his side as he learnt a few things that could have spelled disaster for him and his son. This is when he decided property education was something he needed to invest in next. Having a mentor helped Malcolm build his confidence in property and business as well as taught him how to overcome many barriers. Building relationships and rapport with agents has been part of Malcolm’s property strategy and helped him with his acquisitions. If your aim is to make capital, Malcolm believes there is money to be made in ‘flips’ in London. If it is cashflow you are after, then your best bet is probably to invest in the north of England. Property works in all locations; you might just not be applying the right strategy or technique. Joint venturing is a great way to start your property investing journey. You can rely on their expertise and time whilst still maintaining your job. Property is a people business. Malcolm found that by being fair with his pricing he got offered more properties further down the line. He played the long game by considering the true value of the property and not ‘squeezing’ the vendor at each deal. Malcolm didn’t start properly property investing until he was 61, he says all you need is the right mindset, age doesn’t matter.   BEST MOMENTS   “Don’t do all the work yourself” “I realised that what we needed was education, so I decided to invest in education” “Once you’ve bought one and they [estate agents] know you’re serious they are interested in presenting more opportunities to you” “In London you can probably make money on flips, but you have to buy carefully” “That’s one of the great things about property, collaboration” “It’s never ever too late to invest in property”   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/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 is out on the road, viewing his properties so wanted to do a ‘day in the life of’ whilst answering your questions! KEY TAKEAWAYS  Being in your 50’s is definitely not too late to get into property investing. It takes less time than you think to make just one deal, just start now. Don’t take a bridging loan on a property if you don’t have an exit strategy. You have to start with the end in mind. Joint venture with someone to build up credit. Use your time to benefit them but utilise their credit. How can you find your first investment property? Go direct to vendor, tell everyone you know that you are looking to get into property and market yourself. Trying to find good people in this recruitment climate is difficult at the moment so try and put this first and as a priority when you are scaling. When you buy a property, you should be adding value and creatively making deals. This protects you against the market. There’s no failproof way to know if your client is good or bad, you can do all the checks but this still doesn’t completely protect you. Your plan for property business should be how to create money from the houses you buy and to hold them long term.   BEST MOMENTS   “You can replace your income in 6-12 months”           “Don’t be emotional, take a financial decision” “Educate yourself on how to find these deals” “It’s not that you can’t find the deal, it’s just that you don’t know what you’re looking for”   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/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Jason and Blondine join Kevin today to talk all about their own journey into London Property. They discuss what drove them to starting their property journey, why working together as a team has been important and how attending various Progressive Property courses has helped them find success. FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD KEY TAKEAWAYS    Individually Jason and Blondine started in property separately. But 18 months ago they met at a Progressive Property event and led to them making their first deal together. Working together has helped Jason and Blondine because they have different skillsets, they play to one another’s strengths. Rent2Rent has been important to Jason and Blondine’s growth because there is less risk involved. It’s a strategy that if you get the right balance and demand you can grow quickly and effectively. It’s important to follow the process in property, don’t sit back or give up if you don’t find instant success. It takes time, effort and practice. Jason and Blondine attribute their success to the knowledge, support and the community that have found with Progressive Property. Training, support and confidence is the key to finding success in property. Training and courses are invaluable, you learn from others mistakes as well as become inspired.   BEST MOMENTS   “[Progressive] completely changed my outlook on property with creative ways of dealing with properties, completely changing my mindset” “The key is not to find someone just like you…find someone who brings a skillset you don’t necessarily have” “We all have the same passion, the same drive” 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/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/