The Progressive Property Podcast

A new Winter Economy Plan sees the Government try to support tenants and those affected by COVID-19 pay their rent in an attempt to combat the £437 million of lost landlord rental income. Predicted changes to Capital Gains Tax regulations could now be a net benefit to landlords as it is proposed that tax is only paid on capital gains above the rise in monetary inflation and more in this week’s Progressive Property weekly news update with your host, Kevin McDonnell. Join the Progressive Property Community SUBSCRIBE TO A BRAND NEW MINI-SERIES How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes     KEY TAKEAWAYS Weekly Property News   The Winter Economy Plan: The Government have announced at New Jobs Support Scheme and extension tp self-employment income support with over £1 million businesses also receiving extra flexibility in paying back Government loans. With the end of the furlough scheme predicted to cause many household difficulties in paying rents these measures will help to combat this as private landlords across England have faced rental losses of up to £437 million as a result of COVID-19. The Government should follow hardship loan schemes set up in Scotland and Wales to help support tenants to pay their rent as a result of the COIVD-19 pandemic and landlords are now seeking out Government-backed tenant income to ensure rent is paid through schemes such as supported living and housing benefits. Landlord Today: Capital gains tax changes could result in landlords paying less, not more tax. Historically capital gains tax is not applied on all profits, only those that are above standard measures of inflation. If the Government is to reform capital gains tax regulations then they need to reintroduce a form of inflammatory relief, meaning a potential benefit for most landlords that purchased property in the 1990s and 2000s. Progressive Property Community News & Discussions   What do you do when a property purchase is down-valued? There has been an upsurge in property prices due to furlough, people moving out of the cities, an influx of foreign money coming into the UK, stamp duty holidays etc, however, lenders who value the property are concerned about a downturn in the market in 2021 and are assessing the property from a safe loan to value metric, not simply how much is the property worth. Also, remember that if you’re purchasing a property and it is downvalued that is a net=benefit to you as the investor. BEST MOMENTS“The Government should follow hardship loan schemes set up in Scotland and Wales to help support tenants to pay their rent as a result of the COIVD-19 pandemic.”“A lot of landlords are looking for Government-backed income through new schemes such as supported living and housing benefit tenants to ensure rent is paid”“You’ve always got to have income coming in no matter what is happening in the current economic climate.”“There are interesting times ahead with how the Government is going to try to recoup all of that furlough money.” 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/

Luke Brindley has scaled his property empire to over 15+ properties since joining the VIP programme at Progressive Property and is now securing JV funding for more deals helping other investors source and scale their own property portfolios. Listen in as Kevin and Luke discuss the fundamentals of property investments, what it takes to scale up your business from part-time investor to full-time property entrepreneur and how you can shift your mindset, leverage social media and build up a network of investors around you quickly and effectively.   Join the Progressive Property Community KEY TAKEAWAYS   In property you get out what you put in. It can take a long time to get traction in the property market and secure a deal but you need to be persistent, invest in your local area and look for the longterm gain and not the short term wins.   When you’re starting your property portfolio, exchanging your time for money is just too slow. You need to JV with investors and like-minded individuals in the property community to secure JV finance and more quickly scale your portfolio.   If you’re investing in property alone you can have a very limited mindset and it is not until you join a mentorship group that will you understand the value in ‘getting out there and speaking with people’ and discovering that you can raise funding for property deals. Start investing in property, building your network and mastering your strategy in your local area part-time whilst you’re still employed until you have partly replaced your income and cost of living. Once you do move into property full-time your portfolio, funding and JV funding will grow exponentially.   Use social media to share your property journey, interact and help other investors on their journey and you will organically grow your network and find more deals and funding for your property business.   SUBSCRIBE TO A BRAND NEW MINI-SERIES How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes       BEST MOMENTS “Don’t look for the quick win, look for the long term gain.” “At the age of 35, I’ve been able to quick my day job and spend more time doing what I love” “In property you get out what you put in” “You don’t know what you don’t know” “My portfolio is 100% self-funded” “I’ll post property content daily on social media to share my success” “Two years ago I didn’t have property network and now I’m turning down deals” “Build your parachute while you’re in the aeroplane before your jump full time into property” “Social media has been the single source of finding investors for funding in the past 2 years” 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/   ABOUT THE GUEST   Luke Brindley is a property investor, BTL portfolio owner in Hull and East Yorkshire and has been actively investing in the area since 2011 with the aim of improving the quality of available housing in the local area and provide tenants with a ‘new home’. Luke is the owner of Wizard Properties & founder of Grow Your Property Portfolio.     CONTACT METHOD www.growyourportfolio.co.uk https://www.linkedin.com/in/luke-brindley-grow-your-property-portfolio/               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/

In this weeks property news, we see increased activity in buy-to-let and residential mortgage searches with the rise of property prices and the start of lockdown 2.0. Listen in as Kevin brings you the latest updates from the world of property investing and shares his advice both on short-term and long-term property strategies to combat the lockdown trend seeing a mass exodus of city apartment rentals.  Join the Progressive Property Community SUBSCRIBE TO A BRAND NEW MINI-SERIES How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes KEY TAKEAWAYS Weekly Property News   Property Investors Today: Warns investors not to change strategy based on lockdown trends. In the short term COVID has resulted in an exodus of people leaving apartments in the main cities and moving out to more spacious and greener areas but should we stop investing in these types of properties? Longer-term these apartments remain a good investment as we return to normality. Mortgages have seen an increased in activity admit the start of lockdown 2.0 in England. Weekly mortgage, buy-to-let and residential mortgage search volumes have increased demonstrating a renewed interest in the property market as prices rise.    Progressive Property Community News   Can you get a buy-to-let mortgage for 15-20k? There are only a couple of lenders that will loan at 80% LTV in the current economic climate. Whilst it is possible to get a mortgage at this rate it may not offer a favorable interest rate. What do you do if your HMO tenant isn’t paying? Part of your property journey will involve tenants not paying their rent. But what can you do? You can serve a section 8 notice and get the tenant out of the property and by investing in a Rent2Rent or HMO strategy you can scale to 20 tenants quickly which will cover the cost of the non-paying tenant.   Check out a brand new Serviced Accommodation 7-day challenge with Kevin Poneskis. Learn about what it takes to start, run and grow a Serviced Accommodation business. Join Here   BEST MOMENTS“We should not take a short term change such as COVID as a long term change in the property market.” “Follow the fundamentals of what has made property a great investment strategy not the short term changes.”   “Now is the time to start investing in property and grasp the current opportunities in the market”   “This is the new 2008, how many people wished they had invested in property back then?”    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/

Progressive Property Co-founders Rob Moore and Mark Homer join the show to share with you the best active and passive investment strategies for high returns and regular income when investing £10,000.  Discover how to get the quickest returns on your investment for short, medium and long-term capital growth from investing in everything from property, stocks and businesses to assets such as cars, watches and commodities.   KEY TAKEAWAYS The quickest returns on an active £10,000 property investment will be when you combine your capital with effort and hard work and create a business. eCommerce is a great opportunity for investment, it’s a growing market with huge potential for scale. Platforms such as Shopify and Amazon can help you reach huge audiences quickly. If you’re passively investing £10,000 the safest options are most ISA’s or a portfolio of tracker funds that invest in the FTSE or American spread. Platforms such as Vanguard and Hargreaves Landsdown are recommended to use. The best property businesses to start for returns are Rent2Rent, Serviced Accommodation or Deal Packaging, these property strategies will give you a fast cashflow each month and ability to get a return on your investment so that you can scale your empire. However, a joint-venture with other investors is also a great way of pooling your capital together for larger projects with bigger returns. One of the better longer-term passive investments to make is in classic cars and watches. If you do your due-diligence using sites such as Glenmarch you can track the price of classic cars and their average price sold. With the right research on the right premium brands, these investments will increase in value year on year and you will see a positive return.   BEST MOMENTS “By starting a business and by working hard you will see a better return than any other investment strategy” “We started our training business with £300 each” “Put your £10,000 into a business that you’re passionate about so that you’re motivated to grow” “Purchased non-depresiative items” “Do your own diligence on all your investments” VALUABLE RESOURCES https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/ https://www.glenmarch.com/https://www.hagerty.co.uk/valuation/tool/https://www.vanguardinvestor.co.uk/https://www.hl.co.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 At7PM 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/

Tune in for another dose of the UK’s hottest property news and investing updates. In this episode, Kevin covers recent reports of the emerging ‘Landlords Market’, how investors are looking to expand their portfolio in 2020/2021 and dives into the announcement of an extension to the re-possession exemption landlords are facing due to the COVID-19 pandemic. Plus listen to the end to hear the latest news straight from the Progressive Property Community. Join the Progressive Property Community SUBSCRIBE TO A BRAND NEW MINI-SERIES How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes     KEY TAKEAWAYS Weekly Property News   Landlord Today confirms that there will be no enforcement of possession orders except in urgent cases including trespassing, squatting and fraud. 1 in 11 private renters are currently furloughed and the extension of re-possession exemption will be a lifeline to renters relying on it. However, this does not address arrears tenants and landlords are still facing and the Government need to put together a bespoke package to help renters pay off their arrears with increased benefit support and hardship loans.   Property Investors Today reports that it is now ‘Landlords Market’ 10% of landlords are currently looking to expand their portfolio compared with only 3% at the end of 2019 and 82% of landlords claiming they would not look to purchase another investment property in 2020. Now landlords are looking to take advantage of the stamp duty holiday and this could see a spike in investments outside of city centres.     Progressive Property Community News   How can you invest 150k? Aim to leverage the investment by spreading it out into deposit pots to purchase up to five individual property investments. Additionally, 150k could be used to find JV partners and as a strategy to build out a much bigger property portfolio.   There is an opportunity to purchase unencumbered land, obtain planning and then use this as leverage to build out property units. The exit will be to sell some units and keep some for passive income. With this opportunity, it’s important to think about your cashflow strategy as well as the long-term capital gains that will come with this investment.   BEST MOMENTS“Extreme arrears is one of the few reasons for eviction during lockdown”“Renters have abused the ban on the re-possession exemption causing hardship”“Property in city centres no longer represent a good investment”“Now is an opportunity for landlords to take advantage of the stamp duty holiday” 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/

Should you invest in Property or Cryptocurrency? What’s the better investment for someone looking to make a return on their money? Today, Kevin explores the advantages and disadvantages of Property VS Crypto and shares his opinion on the best investment vehicle for a steady, reliable and passive income. Listen in and learn the cycles of the property market, the reason for rising house prices and the history of Crypto market volatility. Disclaimer: Before you invest you should seek independent financial advice from a qualified professional. Join the Progressive Property Community SUBSCRIBE TO A BRAND NEW MINI-SERIES How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   PROPERTY INVESTING   The richest people on this planet have either made their money in property or invest their money into property. Property has made more people on this planet more money in history than any other wealth-generating vehicle and property is the investment class whereby people protect their wealth.   The population in the UK is rising year after year and there is a lack government plans for more housing despite the growing demand and a lot of the population are living in existing sub-standard accommodation. This presents opportunities to the property investor as a growing demand will push up the value of house prices and rental contracts.   Property house prices are constantly rising overtime and with generation rent, the future of UK property is destined for an increase in rental properties.   There is a proven cycle to property investment with the marketing booming and busting regularly. This cycle cannot be timed but can be spotted overtime and investors can see the rise or drop coming and act accordingly to either increase their property portfolio or exit the market.   CRYPTOCURRENCY INVESTING   There’s massive fluctuation in the crypto markets with prices going up and down regularly. It’s a volatile investment that can yield huge returns but can also drop suddenly and as an investor it’s impossible how to know what direction the price is going in. Crypto blockchain technology is incredibly complicated and only a small number of experts truly understand it. Investing in individual Crypto coins is actually quite simple. There are thousands of Crypto coins and new ICO’s everyday so how do you know which coins will turn you a profit? Most coins will lose investors’ money and in reality Cryptocurrency is the wild west of investing today. PROPERTY VS CRYPTO   In a property transaction you can force the value by leveraging the banks money, take control, keep the asset and take your money back out of the deal. This is known as the B.R.R model. With Cryptocurrency you have less control over the price.   Property can be a passive income investment once you pull your initial investment back out of the deal, with Cryptocurrency you will only see a return when you sell the coin and therefore no longer have the asset.   BEST MOMENTS“Property has been around forever and there will always be a demand for property, people need homes to live in and it will generate you a stable monthly cashflow every month.”“With the rise of the population and lack of new property developments, house prices and rental agreements are being pushed up.”“You’ve got to make investment decisions today that are going to make you money”“Crytocurrency is the wild west of investing”“Only invest what you’re willing to lose”“Do not out your life savings into Cryptocurrency” 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/

Welcome to another Progressive Weekly Property News Update. In today’s episode, Kevin dives into breaking news from Landlord today and PropertInvetorstoday.co.uk as they cover the upcoming licensing of private landlords and the growing retail to residential plans for retail giants as they feel the effects of the COVID-19 pandemic. Plus listen to the end to hear the latest news straight from the Progressive Property Community. Join the Progressive Property Community SUBSCRIBE TO A BRAND NEW MINI-SERIES How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes     KEY TAKEAWAYS Weekly Property News   Landlord Today: The licensing of private landlords is on the horizon. This regulation has cross-party support and is in the pipeline to be completed in the next few years. If you’re already a private landlord you will automatically qualify for licensing but moving forward new landlords will have to meet the regulation.   Property Investors Today: Will retail to residential property conversions continue to grow? Vast changes forced by COVID-19 have brought into sharp focus the dilemmas that high-street retailers are facing right now. Retailers are looking to use the space of their properties to incorporate residential property also.   Progressive Property Community News   If you have a HMO property and one of your tenants falls pregnant you must contact them to further understand their plans as you cannot have a HMO tenant with a newborn baby. In this situation you can retain the tenant buy offering them a single-let property as an alternative. You must do your due-diligence with tenant references. As a landlord, there are three further checks you can do to ensure you’re entering into a contract with your ideal tenant. 1. Ask them for 6-months previous paycheck/proof of rental payment. 2. Ask the second to last landlord for their reference. 3. Use a credit check platform to check their eligibility to let your property.   BEST MOMENTS“Lidl and Aldi have incorporated residential space about their new stores”“Tesco own a development arm with their business”   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/

Join a brand new and exclusive investment mini-series with Progressive Property Co-founders Rob Moore and Mark Homer as they share with you how to perfectly invest £5,000 with an array of investment tactics, strategies and opportunities ranging from active and passive investments in property, business, classic cars and the stock market. If you’re looking to make a good return on your capital and invest in something you love, this episode is for you. WATCH ON YOUTUBE How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic CarsSUBSCRIBE TO THE SERIES Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes     KEY TAKEAWAYS   When you are investing, you have to first decide whether you want to use your time in that investment which is called active, or whether you don’t want to use your time in an investment which is called passive. £5,000, is a relatively small some to begin investing so for the highest return it would serve you to invest in a business, invest your time and invest the bulk of your finances in marketing to drive increased sales. If your passion is to invest in property if may be wise to continue to save until you can move into property investment full time and be smart with your finances by securing loans and JV finance to turn your initial investment into much more. You could also invest it in stock marketing or ISO, but this is passive and it would take longer to generate a huge amount of money. This would be a slower investment and return overtime but can yield impressive results. Training and education businesses are a very good investment because you only need to have the internet and a good phone to record yourself. You only need to know something to teach and a paying audience will listen. Classic watches and cars can generate you huge returns if you purchase them at the right price, but it would be more beneficial to invest in a business to generate you the type of passive income you need to invest in wealth-generating assets. Cryptocurrency is a newer market that can give you a very high return when the price and market cap go up.   BEST MOMENTS"I would invest it in marketing to generate leads to clients resulting in sales." “Nothing is truly passive; you have to work hard for you not to work hard.” “It is important to preserve capital and have contingency cash.” “Cash protects you in terms of your monthly bills, liquidity and also pay your debts.” “Invest in something that you love doing.” 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/

Welcome back to another weekly update of hot property news, advice and investment strategies. Today, Kevin explores recent articles from ‘Landlord Today’ and ‘Property Investor Today’ covering the booming UK holiday let market, advantages of the current stamp duty holiday and dives into the best investment areas for consistent high yields from your buy-to-let.   Join the Progressive Property Community   KEY TAKEAWAYS   Lower purchase price areas that provide the highest yields don’t necessarily give you the least hassle. There is a much higher turnover of tenant and as a landlord investing during the current economic climate you may see missed payments and tenants facing redundancies.   There’s a common misconception is you want to invest big in an affluent area for a stress free, high return investment in the buy-to-let market. Areas with higher earners will always require a much larger investment cost upfront.   Cheap does not mean valuable. One of the best areas to invest in is right in between the low yielding and high yielding areas where there is good tenant demand and good employment prospects.   You should be looking to invest in the holiday let market to service the demand for staycations. Since the Stamp Duty holiday announcement in July, mortgage providers have seen a direct increase of 39% in mortgages for holiday lets and bookings for UK holiday let cottages in July increased by in 19% in July YOY demonstrating the boom in the UK holiday let market. There is a delay in approved mortgage applications. Due to COVID restrictions local councils valuations and searches taking longer than normal. Additionally independent legal advice for purchases made through a limited company are also taking longer in tier 2 and 3 areas.   BEST MOMENTS“Just because a higher yielding area looks like a greater investment, doesn’t necessarily mean that it’s the case.”“The UK holiday let market is booming”“You should be looking to invest in serviced accommodations with the stamp duty holiday and demand for staycations” VALUABLE RESOURCES https://www.landlordtoday.co.uk/ https://www.propertyinvestortoday.co.uk/ https://www.youtube.com/user/progressiveproperty 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/

Are you scared of making a mistake? Are you fearful of making a bad investment? In today’s episode of the Progressive Property Podcast, Kevin shares with new investors a 7-stage step-by-step guide on purchasing property and how to know if it’s a good investment. Discover how to spot a strong rental demand, where you can add value and what investments are best for instant cashflow. Join the Progressive Property Community   KEY TAKEAWAYS   Strong rental demand. You should not invest unless you’re sure that you can tenant that property. Research the demographic, demand, value and type of property that rents well in your chosen investment area online and in-person and even survey potential tenants and competition to discover your ideal investment. Cashflow. You need to invest in property that pays a positive cashflow today. Calculate your rental income (turnover) minus your expenses = profit/cashflow. Cashflow will also help to protect you from a recession negatively affecting house prices. Can you add value? Making money is about adding value to a property. Don’t gamble with a property that cannot be improved. Always research the footprint of the property for opportunities to add value. Capital growth potential vs stable property prices. When prices are stable and growth is miserable you will more accurately be able to predict future capital growth potential for that property on that street. Local Economy. Monitor the local economy and understand weather companies will be investing in the area and creating jobs and wealth which will lead to increased rental demand and capital gains. Make your money when you buy. Purchase at the right price, add value and bank future profits. Property Management. Always purchase in an area with good management companies and never manage your investments yourself so that you can focus on finding more deals to increase your wealth. BEST MOMENTS“View other properties to get a good idea of what rental properties should look like”“Property is a business that needs to create you an income today”“If you build up cashflow generating assets, you can replace your income and cover your cost of living”“Equity is vanity, cashflow is sanity”“You cannot add value to new build properties”“Force the value of your property to increase wealth”“Add value and recycle your investment back out by leveraging the banks money” VALUABLE RESOURCES Rob Moore - MONEY 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/