The Progressive Property Podcast

The world is an uncertain place right now and with nobody being able to predict the future it begs the question, where should I put my money? Join founders of Progressive Property Rob Moore and Mark Homer as they discuss how best to invest £1 million. Discover how you’re able to snap up hotels in the current market, the best watches to invest in and high risk crypto currency strategies.   Key Takeaways  Become really interested and passionate about what you are potentially investing in. Become knowledgeable about a particular class and stick with that when investing. If you are aiming to make serious amounts of money through this platform, then you will likely need to become a professional in this niche.    If you want to make a large amount of money fast, the best way to do that would be to invest into a business and become really good at it. Secondly, put your money into property that is well leveraged as that will always do better than investing in cars, watches etc.    Out of £1million pound it is wise to hold 10%-20% back in cash as a contingency. Max your government ISA out every year by placing £20,000 into it.    Property: Due to the current pandemic there are many hotels sitting empty waiting for investment. If there aren't deals there now, there will be very shortly. There will be many opportunities within the hotel industry to either re-open to guests in the summer months or to convert the hotel into something else.    Things to consider if looking to invest into a hotel are: Where is it? What is it? And What is the occupancy? Occupancy in both HMO’s and Hotels is everything. If it is running at 70% full, that is all your profit gone and it is then running at a loss.    You can invest in different property strategies such as buy to let, single lets and HMOs. You have got to become knowledgeable about all of them in order to become successful in these fields. Focus on one or two of these at a time. Over time try to diversify into a few classes of properties.    Assets: When investing in watches, cars or art try to ensure that you invest in products that are limited edition or where there was only a small amount produced. Rolex, Patek Phillipe and Richard Mille are the three watch models that are strong in the market currently.    New petrol and diesel vehicles will not be available from 2030 according to the government. Theoretically speaking existing petrol and diesel cars will go up in value as they become rarer to buy. There will likely be less service stations to purchase petrol and diesel however it is unlikely that they will be impossible to run.    As long as you buy right, investment into classic cars is a good place to park your money and enjoy it at the same time. Whilst it may go up in value, it probably won’t make much profit. What you should be aiming for is to have something that doesn’t go down in value.   Stocks:   You could invest a small amount of your £1 million into a higher risk strategy such as crypto currency or EIS schemes. They are very high risk and can drop to be worth nothing however there are big tax benefits to doing this. Best Moments  “I think it has surprised a lot of us at how aboyant it's been.” “The world is in a completely different place. We don’t know when this ends.” “When the next recession comes along we do not know what is going to cause it. This one was caused by a virus and the previous one was caused by a banking crisis.” “Over time try and diversify into a few use classes in property.” “All of those could be good, all of those could be rubbish.”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   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. Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur   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 Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979progressive, 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 keeps you in the know this week as he discusses this week's hot topics in the property world. Kevin talks through  the government's new ‘pet friendly’ tenancy contract initiative which will see all landlords being obliged to rent to tenants with ‘well behaved’ pets and whether or not landlords should continue to invest in urban areas. Kevin also looks at news within the progressive property community which looks at which bank to secure a limited company account with.   KEY TAKEAWAYS Property News: In a recent report by ‘Landlord Today’, , they discussed how the government wants to introduce pet friendly tenancy contracts as standard. The new agreement means that renters with what are described as ‘well behaved pets’ will be able to secure tenancies easier.   Landlords will no longer be able to issue blanket bans on pets, instead consent for pets will be the default position. The landlords will have to object in writing within 28 days of a written pet request from a tenant and provide a good enough reason. The reasoning behind this introduction is that the government says currently just 7% of private landlords advertise for pet friends properties meaning many people with pets struggle to find suitable homes.   There has been a lot of talk of people buying properties away from cities due to COVID-19. Long term you want to be buying in the bigger towns or cities. It all comes back to supply and demand, if you’re buying a house in the middle of the county you are going to struggle to buy a tenant for that property. Nearly 7/10 landlords will continue to target property in urban areas.   Mortgage Works has now announced that they are launching new limited company mortgages targeting the growing number of incorporated ‘buy to let’ landlords. The new rates at 75% loan to value (are also available for new mortgages) are two year fixed rates currently at 3.34%. The more lenders that start to come into limited companies, the more competitive it will be, which is great for landlords.   Progressive Property: A property has added a £146,500 increase in value due to the adding of a second bedroom. The property was purchased as a one bedroom flat for £303,500 and then converted part of the kitchen into a second bedroom which increased the value of the property.   The reality is during the middle of COVID-19 it is very difficult to get a bank account with many banks. The banks are worried that you are just trying to receive the bounceback loan from the government. Once the bounceback loans opportunity closes, you will see banks will begin to allow you to open up their bank account again.   Longterm, the best bank to have a limited company account with is probably Natwest or Lloyds. These two banks are both lenders who lend in commercial finance at a very good rate.     BEST MOMENTS “How do you describe a well behaved pet?” “The reality is, it is mainly homeowners that are looking to buy outside the cities.” “68% are looking to buy in urban areas despite the coronavirus countryside craze.” “These rates will change if you’re listening to this in the future.” “A lot more people should be looking at that strategy.”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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 is joined by just two of Progressive Properties successful students Alex and Kate Moyes, today they discuss their journey on purchasing and renovating their first buy to let property. Together they discuss the knowledge gained on their first deal, the importance of being honest about our experience with your investors and why the property market is the best way to invest your money.   KEY TAKEAWAYS Many people focus on the money they make on their property deals. The money is good, but knowledge and experience you have gained from doing the project is priceless.   Good tradespeople are not typically available. You are going to have to wait for them to finish another project before you can get them involved. The earlier you secure them the better. The minute you have your deal agreed you should get your tradespeople lined up. Ask your agent or vendor if you are able to show the tradespeople around before completion.   You don’t need to have loads of experience in property. You need to be yourself and you will become investable. There will be people out there that will fund your deals because they trust in you.   You are significantly better off investing in property than you are investing in the stock market. Whilst you can get 8% returns on investment in the stock market, you cannot leverage in like you can with property investments. Overall you will make more profit investing in property than you will in stocks and shares.   BEST MOMENTS “It has been our playground. The ability to learn has been really powerful”   “What you want to happen the day after completion is not show tradespeople around, it is having them starting the work.”   “You made yourself be investable by being honest.”   “They know that I take it seriously because I am investing in myself.”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/

Join your host property expert Kevin McDonnell as he discusses property news from around the UK and the Progressive Property Community. Kevin discusses a possible 6-month delay on new electrical safety standards, why the UK property market is always a safe place to invest in and how to spot a good business partner.   KEY TAKEAWAYS Property News: Lettings agents trade bodies have accused many local councils of being socially irresponsible and have called for a pause in the push to have new licensing for landlords brought into place. Safeagent wants a six-month delay on new electrical safety standards being introduced for existing tenancies pushing the deadline out from 1st April until 1st October. There are an estimated 4.5 million households that need these electrical reports carried out. The government has been slammed for missing out Landlords in proposals for new energy efficiency regulations. Property Mark has given its formal response to a consultation triggered by the government about the energy performance of privately rented homes in England and Wales. The new EPC regulations would require all new tenets from April 2025 to meet band C or higher on the energy performance certificate.   The UK property market was by far the standout success story of 2020. House prices experienced their highest pace of growth since 2015, finally ending 4 years of Brexit related price stagnation. The one great thing about property is the fact that it is a stable market. It is supply and demand, house prices have always gone up and until the supply and demand issue is sorted house prices will continue to grow.   Progressive Community:   When choosing a business partner, look closely at their attitude and behaviours before you jump into a business deal with them. Red flag behaviour is a sign of things to come. You need to be very careful of who you chose as a business partner. It is very easy to get into a relationship in business but it is getting out of that relationship that can cause challenges later. Make sure you always have your contracts drawn up legally to protect both you and the other partner.   BEST MOMENTS “I feel the government needs to push this back until October as it makes no sense.”   “Either way it is something that you need planning into your business.”   “Whatever happens in this country we cannot deny that we like on a small island where the population is getting bigger and bigger and we’re not building enough houses.”   “Brexit or not, pandemic or not there is a demand for houses in the UK”       SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic CarsWatch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTVListen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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 will share with you the seven areas he will be focusing on to monetise in property throughout the coming year and areas where he feels all property investors should be looking at to make money throughout 2021 and beyond.  There are various areas you could be looking at to maximise your profits, from raising money to build up your portfolio, reaching out to other local businesses who may have struggled through the pandemic and conversions from one bed to two-bed flats and/or commercial to residential property. KEY TAKEAWAYS Converting 1 Bed Flat to 2 Bed Flats Throughout the Covid-19 pandemic there has been a drop in the value of one-bedroom flats in a lot of the major cities in the UK. The reason is simple, a lot of these properties are owned or rented by people who commute to work but live in another part of the country and these people may now be furloughed or working from home - the demand may no longer be there after Covid-19 if people lose jobs or continue to work from home. This could be the best time to purchase a larger one-bedroom flat and convert into a two-bedroom, you can add a really good margin in an uplift from a one-bedroom to a two.   Raising Money There will be a huge opportunity in 2021 for raising private finance to build your portfolios. People are trying to get their money out of the banking systems with low-interest rates and potentially negative interest.   Joint Ventures Some investors will want a joint venture and not just make an investment, ie a share of the pie. However, be careful. Make sure you’re only working with sophisticated investors and do your research on the FCA Regulations to make sure you stay compliant.     Buying Businesses Look to collaborate or go into joint ventures with other local businesses who may be struggling in the current climate. Also, you will be able to buy businesses for very little in 2021;  buying an existing business makes it easy to scale up in the coming years.   Creative Strategies Think about lease options, exchange with delayed completions, vendor finance. These opportunities will be massive in 2021 and onwards. Landlords will be looking to sell portfolios due to Section 24 as well as the impact of Covid. Rent to Rent Where you control other people’s property on a rent to rent agreement but on a profit share basis, not guaranteed rent. The landlord gets the property taken care of and an income and you will make money from the profit with none of the downsides. This is a great way to scale a business and create cash flow.   Commercial Conversions There are empty commercial buildings all over the country at the moment and this creates a huge opportunity to convert these buildings to residential. However, don’t just think about commercial to residential conversions. What about commercial to a different commercial use? With the government relaxing laws around permitted development rights, there has never been a better time to purchase a commercial property for conversion to residential.   BEST MOMENTS “Use the 3’ rule - everyone within 3’ of you, no matter where you are, needs to know that you are in property and that you are looking to do deals in property. “ “Not everybody is going to just want to lend money for an interest rate return, some will want a joint venture - a share of the pie” “The biggest opportunity has come in the middle of Covid when the government announced a relaxation in the Permitted Development Rights” “Keep an eye on all of the changes the Government are going to be making to try and incentivise developers”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic CarsWatch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTVListen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   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/

Keep yourself up to date with all things property by joining your host and property expert Kevin. Kevin discusses the new announcement by the government whereby section 21 is being abolished and looks at what should be put in place to help protect landlords going forward. He also takes a look at the best Universities for rental yield and what’s been going on this week in the Progressive Property Community.   KEY TAKEAWAYS Property News: The government has said that the Renters Reform Bill will be in very soon. The government will introduce the controversial bill soon, this is the bill that will abolish section 21 rights for Landlords. Section 21 currently allows landlords to remove tenants for no fault other than wanting to get your house back.   There is lots of research to discuss what can be done to replace section 21. Section 8 doesn’t currently allow for no-fault eviction. There needs to be something to replace section 21 that would make it easier for a landlord to evict a tenant that’s causing damage to the property or who is not paying their rent.   The University Of Southampton is currently the UK’s best buy to let University at present according to the figures. Southampton is a great area to do student HMO’s. Southampton has a current average house price of £226,489 whilst the current average rent sits at £1688 per month. A buy to let in the University postcode has a rental yield of 7.4%.   Other Universities in the top 10 for rental yield were Nottingham, Newcastle, Warwick, Cardiff, Leicester and Kent. Many landlords have seen their rental income come down during the pandemic. Despite the current landscape, demand for student accommodation remains high across the country.   Progressive Community: Real-life property deals as a Progressive Property member has secured their first rent to rent deal during Covid. The member took on a four-bedroom flat on a five-year lease at £1100 PCM. The deal returns £2585 PCM with £1000 PCM profit.   BEST MOMENTS “There needs to be something different that will balance both sides. At the moment it’s very much weighed against the landlord and for the tenant.”   “Many focus on their study plans with an eye on life after the pandemic.”   “They installed a piano above the cooker and the hob!”     SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic CarsWatch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTVListen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/

Mark is joined by fellow co-founder of Progressive Property Rob Moore and together they discuss how you can get the highest returns when investing £500,000. Learn today how £500,000 could allow you to invest in 14 single let properties, why it would be a good idea to invest your money in a freehold block of flats and how you can make huge savings by purchasing your own office blocks.   WATCH ON YOUTUBE How To Perfectly Invest £500,000 |Property | Stock Market | BusinessSUBSCRIBE TO THE SERIES Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   KEY TAKEAWAYS Property: With a £500,000 property investment you can secure 14 single-let properties with a price range of £120,00-£130,00 and putting down a £35,000 deposit. These properties can be running simultaneously with a refurb scheduled every 6-9 months. It is a great strategy to achieve long term capital growth.   Many units on the high street have been battered and valuations have dropped in a big way and many are empty. There is a big opportunity to put a shop in the unit and convert the uppers into flats. There are a lot more of these opportunities to come; we are only at the beginning of this.   With £500,000 you can buy a freehold block of flats. The property may need a refurb and once this is done you are able to rent all the flats out. These are good investments because since you own the freehold it is similar to buying a house, you don’t have all the ground rent. There are really good opportunities since the values have dropped and there are currently plenty of tenants available.   It is a very good idea to buy your own office blocks for your company. By buying your own office building you are making a huge saving every year and the property itself will go up in value every single year.   Stocks and savings: Cars: If you are going to invest in classic cars it is best to start off with something cheap. Buy a low mileage, better quality car and in the end, you will make a better profit. Work your way up and build up your collection. Buy a ‘Classic Car’ insurance policy if your car is garaged which will allow you to keep your insurance costs down. Assets: Holding physical gold is a good investment. Buy the gold physically and put it in a secure vault and allow the asset to mature.   Whilst it is a possibility to buy a company with half a million pounds, you really do need the experience to know if what you are investing in is a viable business. People will usually try and sell you something that works for them and often it will not be worth your money.   BEST MOMENTS “You are going to end up with a great return on investment.” “You’ve really got to know what you’re doing.”“If you have a passion for something you are going to learn how to do it well, if not better than anyone else.” “Your timing of what you buy is really important and sometimes it is wise to wait for the market to come back down.” VALUABLE RESOURCES https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode:How To Perfectly Invest £500,000 |Property | Stock Market | Business Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTVListen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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. ABOUT THE GUEST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller "Life Leverage" Host of UK's No.1 business podcast "The Disruptive Entrepreneur." "If you don't risk anything, you risk everything." CONTACT METHOD Rob’s official website: https://robmoore.com/Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rsLinkedIn: https://uk.linkedin.com/in/robmoore1979  progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

After last year's unexpected mini property boom during a global pandemic, many people are anticipating what this year's property market will look like. Kevin keeps you in the loop with this week's property news as he discusses Sadiq Khan’s call for an eviction ban extension and the effect Brexit will have on newbuild homes. Kevin also discusses what has been discussed this week in the Progressive Property community.   KEY TAKEAWAYS Weekly Property News In an article in Landlord Today, London Mayor Sadiq Khan has called for an extension of the eviction ban and a two-year rent freeze in London. Although he has no major powers over the private rental sector Khan wants the government to give renters the same protection as commercial tenants who have been granted an eviction extension until March.   The effect that Brexit will have on the housebuilding sector is that a lot of house building materials are manufactured in Europe. This means that there is likely to be a slowdown in production and delivery of materials especially early on in 2021.   With the stamp duty holiday coming to an end in March then it is likely that this could see an effect on builders and house building in general. It will be interesting to see if there is still the same demand for new build property.   Progressive Property Community News & Discussions Rob Moore posed the question to the community ‘When do people think that the property market will correct or slow down?’ The property market will likely slow down after the stamp duty holiday has ended. Once it has ended, there could be a crash in the market and a lot of property could end up having negative equity. When opening a business bank accounts many people opt for the famous high street banks. There are a lot of lesser-known online banks such as Starling and Tide banks which are easy to navigate and are cheaper options.   BEST MOMENTS “He is asking for more powers to implement a two-year rent freeze in London as an emergency measure.” “This could have a big impact on the slowing down of house building.” “It is going to be interesting to see how the layout of houses will change.”       SUBSCRIBE TO THE A NEW INVESTMENT SERIES   Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   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/

Nobody could have predicted that a mini property boom would have happened during a global pandemic in 2020. With that in mind Co-founder of Progressive Property, Mark Homer takes over today’s podcast with his property predictions for 2021. Mark discusses why many retailers are moving to the outskirts of the city, a possible stamp duty exemption extension and why we are likely to see a rise in single let properties as unemployment rates rise.   KEY TAKEAWAYS The pandemic has had a huge effect on many industries, especially retail. Many retailers are moving into warehouses on the outside of town to fulfil their customers’ needs for online purchasing. Despite what most of the property experts said, the property is gone up significantly this year.   Many people want to move to different sized homes in different locations as they are not having to commute as far with the pandemic. In addition to this, a stamp duty exemption has reignited the market and pushed it on. The stamp duty exemption ends in march, however, there is talk of it being extended.   Focusing on whether the property is going up or down is the wrong thing to be looking at. You need to be looking at strategies that work in all markets because it is unpredictable. Nobody knows what will happen to interest rates or government support, which has given support to the employment and property market.   The residential housing markets (specifically single lets and HMO’s) are likely to see increased tenant demand in 2021 because unemployment is predicted to rise and people will likely decide to rent instead of buy. This is likely to push rent up and reduce voids.   The further into the year we go it is likely that house prices and stock markets get a significant lift as the value of money decreases. The prices of consumer goods and everything that goes into the basket for the retail prices index is not likely to lift that much if it did quantitative easing would be reduced significantly and interest is likely to go up. However, it is more likely that asset prices are likely to increase.   Lessons learned from 2020 taught us that things can only get better. It also taught us that people can have a very short term mindset, there were much more motivated sellers in the last recession and there were many more property deals to do because there were so many sellers that needed to offload to raise cash. After the market came back, property prices rose.   BEST MOMENTS “Most experts were predicting either a shallow fall or a crash.” “It is something that you nor anybody else can get an answer for.” “This is a good thing for poetry investors as it lifts the value of your asset.”   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/

Nobody could have predicted in March 2020 that the UK property market would enter a mini-boom during a global pandemic. Join Kevin today as he discusses whether the market will continue to rise or fall in 2021. Kevin looks at the reasons behind the 2020 property boom, why putting your money into property is a safe option and why you should only invest in properties that can pay you a positive income every month.   KEY TAKEAWAYS In 2020 we saw a mini property boom. Who would have thought that house prices would have continued to rise throughout a global pandemic? This happened for a number of reasons. One reason is because of the stamp duty holiday which lit the flame of the property market boom.   Those that were put on furlough also caused a rise in the property market since they actually had more available money and more time to think about the type of lifestyle they wanted. Interest also dropped to 0.1% meaning people were getting less money on their savings.   If you have more than £85,000 in your bank account and the bank you’re with goes under you will only be protected for the £85,000. People with cash have been moving their money into property as it is safe there.   In ten years’ time house prices will be higher than they are today. The experts in the property industry are talking about a 4% rise in the property industry. Even if there is a reduction in the market this year you can still buy value. You do not want to buy a property where there is no way to add value.   All you can do is buy what is in front of you today. Make sure you have got the numbers right, make sure you purchase a property that can pay you a positive income every single month.   BEST MOMENTS “Could banks go bust again? Who knows? Anything is possible.” “Property is the safest thing you can put your money in.” “Nobody knows exactly what is going to happen. You would need a crystal ball” “You make your money when you buy”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic CarsWatch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTVListen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/