The Progressive Property Podcast

One of the biggest hurdles when starting property investing is getting over the idea that it is hard. It isn’t hard, it’s just new to you. In this episode, co-founder of Progressive Property, Rob Moore tells you why this is and what you need to do to conquer this feeling.     KEY TAKEAWAYS   Working for yourself, doing what you love and building an empire might feel daunting. But it’s a lot easier living a life you want to instead of wishing your time away doing something uninspiring and that you hate. There will always be people in the game that are struggling. Those people will tell you that it is too hard and it’s not as it seems. If things feel hard that means you haven’t created realistic expectations. Don’t focus on the negatives of something new. Enjoy this period of time, when something is new it’s exciting and you won’t get to experience it in that way again.   BEST MOMENTS   “It’s not hard, it’s new”   “You have to work hard enough not to work hard”   VALUABLE RESOURCES DISCOVER HOW TENS OF THOUSANDS OF ORDINARY BRITS ARE QUIETLY GETTING RICH WITH MINIMUM INVESTMENT!https://bit.ly/PRS-Podcast 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/

  Co-founder of Progressive Property, Rob Moore personally speaks in this episode. He talks about why his wealth of experience and knowledge means that he knows investing locally is the best practice. Investing ‘anywhere you like’ doesn’t create anywhere near as many property success stories as investing locally does.     KEY TAKEAWAYS   Investing locally means you can ‘see’ and ‘touch’ your portfolio. You already have ingrained and in depth knowledge of the area making decisions easier. If something isn’t right at one of your properties, you know and recognise it sooner as well as being able to deal with it quicker and more easily. If you really want to invest somewhere you don’t know very well then find a partner or collaborate with someone who does.   BEST MOMENTS   “Your portfolio, hands down, local investing works way better, way way better” “Get to know an area better than anyone else”   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 episode Kevin discusses expensive mistakes in building work, price hikes in building materials  and the extended scheme in Wales bringing unused properties back into use.     KEY TAKEAWAYS   There is a scheme that has been relaunches in Wales focusing on bringing unused properties back into use. They are doing this by giving grants towards those buying and renovating run-down properties. Anyone who receives this help will have to live in the property for 5 years – it is for home owners or prospective home owners. Be careful about any renovation projects, especially on older properties, you need to do your due diligence and ensure you aren’t going against a conservation order or other legislation. Contact the below four departments before doing any work: Conservation Department Planning Department Building Control Department HMO Department (if relevant)   Building materials have increased a lot in recent months there are many things in play here; inflation, Brexit and Covid to name just three.   BEST MOMENTS   “Don’t get caught out”   “When you print money it devalues money”     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 episode,  Rob shares a hack to making a low offer on a house without actually making an offer!   Multiple streams of income was Progressives Property ‘flagship event’ and because of covid hasn’t been able to run for 18 months! But great news there will be running on very soon, if you’re interested in attending then show your interest by signing up on the link below: https://www.progressiveproperty.co.uk/property-courses/multiple-streams-of-property-income-msopi-event/     KEY TAKEAWAYS   A client of Rob’s asked for advice on how to get a better deal, he gave them a great strategy to end up paying a lot less!   BEST MOMENTS   “You’re allowed to be a bit cheeky with an agent you know”         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 episode, Kevin interviews Andrew Harvey. Andrew is the founder of Growth Properties Group, a small group of companies that help people live on their terms through property: with education, portfolio building, and property management.    This is a motivating and informative episode which delves deep into Andrew’s property journey, his successes and his ‘failures’ too.   KEY TAKEAWAYS   Andrew’s property journey started in 2009. He was yet to do any property education and hadn’t invested before. He bought a piece of land and then went onto to invest in more houses. In the end he actually lost money on his first investment but it didn’t matter so much as it is what ‘gave him the bug’ and his later investments held him up! Andrew attended the multiple streams of income event which accelerated his journey in the property world. In his words it ‘blew his mind’, was revolutionary and rewired his brain, from that point he couldn’t get enoufh of learning and also began reading over 100 books a year! There is so much free content and information out there now for anyone starting in property. It’s important to remember this wasn’t the case 10, 15 or even 5 years ago. Following advice and techniques leant from courses Andrew found a joint venture partner and completed a no money down HMO deal – he made money but it also made him realise that HMO’s was too much ongoing work for him. At the same time he realised one of his buy-to-lets was in a less than desirable area. So he then decided to invest in an area that his friend knew very well so he would not make this mistake again. Your network is your net-worth. It takes time and effort to build strong relationships with many people that will help you on your journey. It’s these relationships that can often make or break a deal. Diversifying your property portfolio does not mean scatter gunning. You need to know the area you invest in. Diversifying means to mix it up WITHIN your property investments, by using different strategies, for example your tenant type, such as having students, professionals and universal credit tenants. There is a property strategy for everyone. We all want different things from life. Some people have the time an energy to put in a lot of work in for several years whereas someone else may just want a small passive income – you have to figure out what is right and manageable for you.   BEST MOMENTS   “I was obsessed with learning” “That network is 90% me now...I built a network off the back of social media”   “What they really mean is that you pick and area and then you become the subject matter expert of that area”   “There’s different things that people want from life”         VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk   ABOUT THE GUEST   Andrew Harvey Andrew built his property portfolio and businesses in the Northeast of England, whilst living in the south, allowing him to spend time with his family and travel regularly.    Having built up the systems and team to run from his phone and largely on autopilot, he's now focused on helping others excel on their property journeys and build a remote investment lifestyle for themselves through group and 1:1 coaching programs.    His signature program, which runs 4 times per year, is the 6 Stage Remote Buy Refurb Refinance (RBRR) Blueprint.   👓| Find Andrew on Facebook  👓| Find Andrew on Instagram 👓| Find Andrew on YouTube 
 👓| Find Andrew on TikTok       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 episode Kevin explores the knock on effect to the new tenant eviction laws.  Have you struggled with tenants over the pandemic, have you experienced lengthy delays, damage or non-payment? Get in touch with Kevin, he would love to hear from you.   KEY TAKEAWAYS   The average time to evict a tenant is about to soar. The average time to evict could now take an additional 6 months on top of the already 44 week average.   One way to protect yourself as a landlord, is to ensure you get references for tenants if renting directly or that you are using a recommended and reputable lettings agency to do this for you.   The green homes grant has been stopped, the government need to come up with an alternative quickly if they are going to meet their emissions target by 2050.   When at auction, if you get into a bit of a bidding war, make you are far enough apart to not cause confusion and save any embarrassment further down the line – you don’t want you both thinking you have won!   BEST MOMENTS   “It’s crazy!”   “Are you looking to change the way you do refurbs?”   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/

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 episode, Kevin discusses the boom in the serviced accommodation and holiday let sector, the current state of the market and how we can all keep safe when working alone, especially when on property viewings.     KEY TAKEAWAYS   There has been a big surge in mortgage products available for holiday let landlords. There are more lenders offering products than six months ago and building societies in particular are offering more deals to meet the growing demand. Holiday lets are classed as a business which makes them more favourable to investors, you pay less tax on them and they are also not governed by section 24.   Across the UK properties are still selling at a high level, but London is not increasing in the same way as the rest of the country. This could be an opportunity, to invest in London whilst the market there is slow. There is talk of introducing a ‘pet insurance’ policy for tenants in rented properties. This would mean the tenant would pay for the insurance on behalf of the landlord, meaning the landlord doesn’t end up footing the bill for any pet damage.     BEST MOMENTS   “Serviced accommodations, staycations, have had a massive bounce back since the lockdown started to open up”   “If you can go direct to vendor you’re not competing with other people in the market”   “Where there is a risk you must mitigate that risk”   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 episode, Kevin talks about one of the most popular strategies for professional property investors; the buy, refurbish, refinance and rent property model. He shares his insights, tips and advice on using this as a strategy and how to make it work successfully for you, time and time again.     KEY TAKEAWAYS Many people refinance before renting the property out but Kevin believes you should always rent before refinancing! You want to get your property to the highest standard in that area, so that you get the highest rent possible, this is why it is important to rent it out before refinancing, so you can prove its value. If you reverse engineer the process and have the end value in mind, you know how much you can afford your costs to be and how much you can afford to purchase the property for, and ultimately, can ensure you come out of the deal with a profit. Delve deep into what purchases will give you the most return. It’s often more profitable to buy two cheaper single lets than to pay for a more expensive property to rent out. Lower demographic areas tend to give more return but it is a fine line between this and somewhere too cheap that will just give you problems, particularly with tenants. One of the most important numbers to focus on with this strategy is your ROCE-return on capital employed. How hard is the money you have left in that property working for you? Ideally you want to get all of your initial investment out in the first 12 months. When refurbishing, remember this is not going to be your home, so put your personal preferences and tastes aside and just ensure it is a clean and comfortable property for your future tenants. Cosmetic areas of the refurb are where you can really add value, especially focusing on kitchens, carpets, bathrooms and redecorating.    BEST MOMENTS   “Reverse engineer the process, start with the end in mind”   “The asking price is unimportant and irrelevant, the important price is the reverse engineered number”   “It’s important to not get emotional, do not bring your own personal tastes into this”   “The rental income has an impact on the end value”   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/

Today Kevin explores why the house prices have increased so much in the UK since the pandemic started and why they are still increasing.     KEY TAKEAWAYS   Many people believe the uplift in the property market is because of the stamp duty holiday, but this can’t be the only reason. 1% interest rates have really stimulated the property market, as if you are trying to save you are almost getting no interest, investing in property is a much more viable option right now. People haven’t been spending like they usually would, their outgoings have gone down. They are perhaps sitting on larger amounts of money that they then want to use to invest. Inflation for the next period is still uncertain, it’s quite likely that any cash people have saved right now will actually be worth less in 12 months, this combined with almost 0% interest rates means people will lose money. Property is a way of not only protecting this cash but actually increasing it if inflation does increase as predicted. There has also been an influx of foreign money coming into the UK, there are lots of countries across the world that have either 0% interest rates or negative, which means they will be paying for the bank to hold money, so people are taking their money out of banks and into property. There is a huge need for more housing in the UK and the pandemic has increased the rate of disused commercial buildings, the government have relaxed planning rules around these types of conversions to help alleviate the pressure.      BEST MOMENTS   “What else is affecting the market?”   “It’s got nothing to do with property investing, it’s got everything to do with economics”       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/