The Progressive Property Podcast

Listen in to this bonus episode where Mark Homer, co-founder and owner of Progressive Property is joined by Shaz Nawaz, chartered accountant and labour councillor as they delve deep into the recently announced budget. They discuss their own views on what Rishi Sunak has announced and also how this will impact many of us in real terms. KEY TAKEAWAYS  Rishi Sunak has announced many things in this new budget, nothing that is particularly ground-breaking but quite a few things that will impact property investors and developers. Rishi stated he will be putting 24 billion into affordable housing which will be around 180 thousand new homes – but over what period is this over and will it actually have much of an impact on the housing crisis, house prices and rent? Probably not. Any government who are serious about tackling the housing crisis needs to move away from affordable homes and this term as they do not actually solve anything as they aren’t affordable for those who need them most. Any developers in blocks of flats will have to pay a 4% surcharge on corporation tax to help pay for the removal and replacement of dangerous cladding. Inflation is a hot topic around this budget announcement. It’s important to put this into perspective and understand what is driving this: businesses being shut during the pandemic, supply chain disruption but then high demand as we are going back to normal. This is basic economics and was always going to happen. Shaz has been quite disappointed with this budget announcement. Especially regarding the pressures currently on local government. People care about what is happening to them locally on a daily basis such as street cleaning, business rates and other local provisions: they have had their budgets cut by 80% in Shaz’ local city of Peterborough. There will be a 50% business rates discount/relief for those in the service industry which includes serviced accommodation. Shares of property developers are all up around 1% and large property landlords are also up. This is good news and shows that the market is confident at the moment, perhaps partly due to brownfield land being made available for residential property and changes to permitted development rights continue to help generate retail conversions. There has been talk about a wealth tax to replace inheritance tax. But Mark feels like this is unfair, but he does understand why we need tax. He believes in making a faster economy and generating tax from increased economic activity rather than having large public spending which we can’t afford.   BEST MOMENTS   “What is sold to be affordable really isn’t affordable to people who can’t afford these homes” “it’s just simple economics, price rises equal inflation, this was always bound to happen” “All politicians just want to deliver good news…some of these ideas or just old ideas” “It’s always good to use those kind of sites as you aren’t going to upset people as you aren’t going to be tearing up the green belt” 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/markprogressiveprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

What is the hardest thing about being a property investor? Listen in to this episode where Kevin talks about his experience in property and how you too can learn and benefit from the past 18 years of his property journey. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI   KEY TAKEAWAYS Kevin doesn’t see tenants as ‘tenants’ he sees them as valued customers. But over the years he has found that often tenants report problems late which makes the logistics and timing of maintenance one of the most difficult things to deal with in property investing. Three buy to lets is much more valuable than having 100k in cash, invest it and watch it grow. Many people think that money is the main thing they need to find success in property, but this just isn’t the case. There is money everywhere, it’s how you utilise this and your knowledge that will dictate your success in property. Rob Moore, the founder of progressive property, is a source of inspiration for Kevin. He inspires him to think bigger, do more and achieve more. We all need a mentor like this in our property and business journey.   BEST MOMENTS “A boiler will always break on Christmas Day” “The fun in property is in the negotiation, it’s in chasing the deal” “Rob Moore inspires me everyday”   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/

If you’re a first time buyer and interested in property investing this will be a question you will want answered! Listen in to today’s episode where Kevin talks about this decision as well as equity release and his experience in property investing. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI   KEY TAKEAWAYS Kevin has been in property investing for 18 years now, he has tried and tested many property investing strategies. Currently he has a large portfolio of single lets and HMOs. There are some big opportunities in the property market right now due to the end of furlough and the end of stamp duty holiday: both will change the property market. If you are buying a residential house you need to decide what the financial implications are – is this going to be your family home or just a stop gap? Equity release should be one of the last options, there are much better alternatives out there. It isn’t something Kevin would recommend.   BEST MOMENTS “Whichever one you choose to do, just make sure you do something” “Equity release, never done it, wouldn’t recommend 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/

“This is a golden era for small scale property developers" Kevin is joined by Martin Gaine, a chartered town planner . They discuss the opportunities to be gained in property, including commercial to residential conversions and why recent changes in  planning laws can now help you tremendously in your property journey. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI How to Get Planning Permission is available on Amazon here: https://amzn.to/3xaxFLh martingaine.com Facebook & Instagram: martintheplanner Linkedin: Martin Gaine KEY TAKEAWAYS In principle there should be no mystery around planning restrictions but in practice, there are methods that can be used to make planning to be more likely. And this is where Martin has always benefitted as he previously worked in and with a council. Even if you manage to get something cheap, if you then can’t do what you want it is a waste of money. So Martin always advises to buy ‘subject to planning permission’ via an option agreement. We are in a housing crisis, the government do not have too many options which is why many permitted development rights have been relaxed by this current government. There have been some key changes recently that help small scale developers including ‘Class MA’ a permitted development right to convert town centre commercial premises into flats and residential dwellings without full planning permission. You can make big money but working smart in higher value areas/locations. This why it shouldn’t always be a ‘race to the bottom’ in property. If you already own property, there is likely to be hidden value you haven’t thought about. For example, it’s worth looking into the new changes in adding floors to existing properties – this could dramatically increase your investment value.   BEST MOMENTS “You have an insider, expert knowledge of what they are looking for” “Once you’re in the game opportunities come to you” “Now is the time to grasp this opportunity” 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/

Conrad was working in a warehouse as a team leader, he started doing a side business alongside his role and this is how he first started to learn about investment. He then joined the progressive community and started his journey into property! Listen in today to hear how he built his property portfolio from zero and the mindset that has got him to where he is today. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI   KEY TAKEAWAYS It’s been three years since Conrad completed Progressives Multiple Streams of Income Course, he has also completed the no money down course and focuses on the rent to rent strategy. When Conrad started out he had no money at all. He was able to do deals and leverage these to create his property portfolio. Too many people fail in property because they just don’t get started. Conrad found success because he had the right mindset and just got started, rather than waiting for the ‘perfect’ deal.   BEST MOMENTS “ I couldn’t believe back then that someone would lend me money for something like that” “The money in property is irrelevant, you just need to find a good deal” “The first deal doesn’t need to be the best, it needs to be the first”   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/

Learn how anyone can make a decision to change their life and their wealth and listen in to Jamie Stevens talk in this episode about what he has achieved in his property journey. Jamie worked in the construction industry and was feeling unfulfilled but read Rob Moore's book Money and hasn't stopped investing and progressing since! Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI   KEY TAKEAWAYS Jamie followed the traditional route in education and had the drive to be educated to get a ‘good job’. He went to university and became a civil engineer. But after doing his chartership he felt like although he had done everything he had ‘supposed to’ he wasn’t in the position he wanted to be. After reading Rob Moore’s book Money, he was hooked and became obsessed with improving himself and learning how he could get into property investing and become who he wanted to be. Although Jamie has a background in construction and commercial property, he still started his property journey with buy to lets. This is also how Rob and Mark or Progressive Property started, it’s the perfect property strategy for beginners. Just start. There is knowledge out there, easily accessible and even for free. Anyone can get into property investing and personal growth. As Rob Moore says, start now get perfect later.   BEST MOMENTS “It’s been great to connect with people like that”   “The salary pays for renovations and covers those costs, my property income just gets reinvested”   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/

In this episode, Kevin speaks to Scotty, who has joined the podcast today to talk about what made and helped him become a property investor and what aided him in his success. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI   KEY TAKEAWAYS It got to a point in Scotty’s career where he became incredibly stressed, causing him to become ill. Fortunately he had supportive people around him so he managed to get through this difficult time. But Scotty never wanted to be in this position again, so after having to sell some of his time for money, he then started researching, started testing and ended up in property investing; to give him the lifestyle he desired for him and his family. Scotty found Progressive Property when first looking into property investing, he went to Progressives multiple streams of income event, it reignited his passion and solidified what he already knew he needed to do. Scotty now spends his time building modular serviced accommodation units, if he had been told this four years ago there is no way he would have believed it! BEST MOMENTS “I’d have to conform for self-preservation and that’s just not me…I was putting the money before the purpose” “It’s all fun and games!” “All of that testing has been able to clarify the vision”     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 the best areas in the UK to invest in buy to let. There are a lot of reports out there but are these relevant, up-to date and do they give you the right information to make decisions? Listen in today to hear a balanced view on various markers you can utilise to make the right investment decisions for you. Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!bit.ly/Podcast-MSOPI KEY TAKEAWAYS There are many variables and measures you can use to figure out where is the best location for buy to let properties. Each will give you a different outcome, for example if you solely focus on Rental Yield then locations in the North of England will be top of the list, but if you look instead at average total rent and long term return then you will get places like Cambridge and even London! Most data you read on the internet is not written by the right people, you need to look at the source. Are people making money in property in your area? Find out what they are doing and follow the success. There are people making money in property everywhere in the UK you just need to find out what works. BEST MOMENTS “You need to be careful where you get your information from”"Most data on the internet is not written by the right people”“Always start with the end in mind” 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 speaks to Curtis, who has joined the podcast today to talk about his journey to success in property, aided by education from Progressive! bit.ly/prspnpod https://we.tl/t-RS0GYVJrwW   KEY TAKEAWAYS To be successful in property it’s important to know that ‘your network is your net worth’. To understand that you have a lot to learn and this learning never stops, whether that’s through courses, mentorship or anything else. Curtis’ journey started around 6 years ago, it was his wife’s diagnosis with cancer that pushed him to make a change in his life. He started to absorb any free education he could moving onto courses and support from mentors. His first deal was a HMO and this was truly just the beginning. Curtis has now moved onto developments and refurbishments, his background in construction has really helped with the success of this. You don’t have to always use your own money or experience. You can partner with people to help you with either, or even both, of these. BEST MOMENTS “Like most businesses, this is a people game” “It was that pivotal moment that took us to our lowest point, but once you’re at your lowest you can’t go any lower” “Spot the thing that others aren’t seeing” 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/