The Progressive Property Podcast

Tune in to a brand new podcast series covering everything hot in property right now! Hear from Progressive Property’s expert trainers each week as they cover the most up to date property news, strategies and tactics in short, informative and educational episodes.   Today, Kevin weighs in on the debate between landlords, students and proposed COVID break clauses, shares his thoughts on the growth of medium-term lets and gives you an insight into the 2021 property market.   Let us know in the Progressive Property Community what your thoughts are on the COVID break clauses debate between landlords and student.   KEY TAKEAWAYS   Should landlords consider COVID break clauses? Current proposals state that the landlord should let the student (tenant) out of their contract or provide a rent-free break whilst the students are not staying in the property. Student accommodation platforms are stating that landlord and academic authorities have to consider break clauses and premature tenancy end for student lets with students studying online and lectures being held virtually. There has been a huge growth in medium-term lets such as Airbnb’s or up to 6-month rentals. Flatio has acquired digital housing marketplace NomadX in an acquisition worth over £3.6 million to expand medium-term lets into the UK marketplace. As investors, we should be looking at what the bigger players are doing and Serviced Accommodation and medium-term let’s are growing.   As a property investor, you should aim to follow the successful. There is going to be a boom in serviced accommodation so piggie back on it. Get in early ahead of the masses and you will get more money from your property as short-term let than a long term let.   2021 Predictions: With Furlough and stamp duty incentives coming to an end in early 2021 we’re likely to see a mirror image of the market crash in 2007/2008. Money will slow down and banks will stop lending but professional property investors will scale their business.   BEST MOMENTS“If you look at what the top of the food chain is doing you can replicate it”“This might be the time to start doing some deals in medium-term lets”“Flatio aims to have thousands of UK property lets in its inventory in the next few years”“Those that push forward with their property investments will make significant income over the next few years” 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/

Join the debate as Kevin dives into the age-old question of investing. Should you invest in property or stocks? In this insightful episode, Kevin shares his story of property investing success and what you can get out of property that you simply cannot with stock market trading. Learn the differences in return, how to leverage and liquidate and the reasons why property has created more millionaires than any other investment strategy. KEY TAKEAWAYS   Property gives you a tangible bricks and mortar asset that you can assess before buying and you’re able to control your return and plan your investment more easily than stock market investing.   Property is a lot more illiquid than the stock market as you’re able to get your investment back out completely (sell) within a few weeks, however, stocks and shares can be sold instantly and are a more liquid investment.   Returns in the stock market can massively fluctuate and the value of stocks can move based on the emotions of investors and external factors rather than the actual value of the stock.   Investing in property gives you far more control when leveraging. You can outsource to a letting agency or deal sourcer but you still remain in control. With stocks, outsourcing to a broker doesn’t give you the same level of control.   To the amateur investor, stocks give you a higher return, however when you successfully leverage the bank’s money you can make far more from property investing. For example, earning 3% of a £400k investment (£300k of the banks money) with property vs 8% return of a 100k investment in stocks. The economy moves in boom or bust cycles and property is more recession-proof as stocks are more volatile. Since the last recession property prices recovered, mortgages became cheaper, interest rates were lower and rents increased. Giving property investors a higher monthly cashflow.   BEST MOMENTS “Your comfort with risk will help you decide what to invest in.” “Property was the one thing that I wanted to spend the rest of my life doing” “More millionaires are created through property than anything” “The richest people on the planet either made their money through property or invest their money into property” “When Covid hit the stock market took a plunge and the property market reminded stable” “Property can give you a 50% extra return on stocks when you know how to leverage” “Leverage is the key to success in property”   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/

Kevin is joined by former student, property investor and joint-venture training graduate Alex. Together they discuss how you can get into property, what to look for and how to get that first deal under your belt. Tune in today to hear top tips and advice from two property investors successfully securing deals and investing in property right now. KEY TAKEAWAYS Don’t use all your money for one property. A lot of people have enough money to buy that first house, but then they can't do any more. By reading property education books and by joining online communities you will learn better ways to invest.  Education. You need to have the right knowledge for you to achieve success and not lose money. Attend courses, seminars, read books and listen to podcasts and acquire the right knowledge.  Refurbishing. After purchasing property, it’s good to do refurbs, but it's really important when you're doing a refurb that you do things in the right order. Why you should invest now and not wait in the future. There are always good deals out there and if you don’t invest in it now, someone else will do and make money that was supposed to be yours.  Viewing. While viewing a property, always know why the owner is selling it and if it’s in a bad state and always know if the property in in a prime area.  Funding. It’s okay to get money from other people and there are always people out there with the money to lend it to you, but you have to present yourself in the right way for them to invest in you. Joint ventures. You should always put yourself out there on social media, sell yourself as who you are and what you are doing on to attract investors with the same desires that you have. Numbers. What’s important is not the asking price; the important thing is the end value. What will be the worth of that property after you've done the work? BEST MOMENTS “Look at something as an opportunity and not a problem.” “Investing in properties isn't a retirement plan, it’s a now plan.” “The uplift in value is the bonus money.” “Have faith that other people will lend you money if you present yourself in the right way.” “Show yourself as you, show your area as something that you know, and just be honest and credible about what you've got.” “Wealthy people spend their money trying to save time, while poor people spend their time trying to save money.”   VALUABLE RESOURCES Rob Moore - MONEY Follow Alex Moyes https://www.facebook.com/alex.moyes.758 ABOUT THE GUEST Alex took part in the seven-day joint venture finance raising challenge that Progressive Property held on social media earlier in the summer. He was one of five people who got to pitch a deal to me and an angel investor for funding. Kevin chose Alex’s deal to fun and ‘he’s got the keys’ 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 a very special episode of the Progressive Property Podcast as Kevin covers the five key things to know before you get started in property. Discover why you don’t need your own money to start investing, why it’s important to surround yourself with a network of like-minded people and why cheap doesn’t mean cheap! If you’re starting out in property, this episode is for you.   KEY TAKEAWAYS   You don’t need your own money to start. With low-interest rates, there are billions of people looking for safe investments in the property market and you can help them by finding and sourcing deals and purchasing property with none of your own money.   Surround yourself with likeminded people. Your network is your network, the right network of people will help to advise you to build assets, invest your wealth back into yourself and help to grow you and your legacy over time.   Invest locally. You know your local area better than anyone else. Investing locally means you can move quickly, negotiate better deals, build and expand on your local network and invest in the right areas because you know your local streets.   Find a mentor that challenges you to think bigger. Everyone has a mentor in their life but are they protecting you and holding you back? Join the Progressive community and find a property mentor that is an expert in property and that can help to propel you and your property portfolio forward.   Cheap doesn’t mean valuable. The R.E.A.S.O.N model helps you identify what not to buy. Rundown, Expensive, Abroad, Scattergun, Off-plan, New-build.   BEST MOMENTS “There’s nothing safer than property investment” “When you invest locally, you know the property market”  “Investing with your own money is the thing that holds most of us back in building a property portfolio.”     VALUABLE RESOURCES No Money Down Challenge - YouTubehttps://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Do you want to know how to invest for maximum return? Well, look no further as Progressive Property co-founders and expert investors Rob Moore and Mark Homer introduce a brand new and exclusive Youtube live 12-week min-series every Monday at 7PM.   Each week Mark and Rob deep dive into the art of investing with actionable advice on investing in business, property, stocks, shares, assets and more with any amount of pounds or dollars, all the way from investing with nothing, up to investing £1 million. At each stage and at each investment amount there will be a different strategy, a different asset class to invest in and a different approach to investing that is tailored to yield the best return.   HOW TO WATCH 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   Discover the fundamentals of investing and why you must preserve capital at all costs, whilst maximising leverage to increase your capital.   Understand low, medium and high-risk investing strategies and tactics from defensive investing in low-risk physical asset classes such as wine, gold or art to high-risk high-return strategies tailored to your investment pot. At each stage and at each investment amount there will be a different strategy, a different asset class to invest in and a different approach to investing that is tailored to yield the best return.   Learn the value of compound interest, how to know when and what you can leverage and the difference between active vs passive investing. Uncover the secrets to the trade-off between returns on time and returns on capital among all investment classes. BEST MOMENTS “One of the best return on investments I’ve ever gotten has been investing in myself and starting a company” “Each time you rise up and increase your investment pot your strategy will change”   VALUABLE RESOURCES 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   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/    progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

The economy is down by 20% but somehow the property market is booming. Are you, like others struggling to understand why this is happening? Join Kevin as he explains why the property market is having a mini-boom during the worldwide pandemic. Learn how furlough, foreign investors and diminishing stamp duty are all contributing to the current property boom, the impact this will have on the property market and how you can use this to your advantage.   KEY TAKEAWAYS There are several reasons why the property market is still going up right now, What we have is the perfect storm in the property market. This will come to an end as we head into 2021. One of the reasons there is a mini-boom in the property market is because of the furlough scheme, even though you are getting 60-80% of your salary, that is probably more than you were living off with 100% of your wages. Your day to day expenditure has gone down, meaning you have more money to spend therefore more money in the economy.   If the government prediction is right and over 3 million people are going to lose their jobs once the furlough scheme is over, then those people are likely to be struggling financially. Each of these people will have mortgages or rent to pay, with their job loses and no substantial financial support from the government, this will result in them needing to downsize.   Wealthy people are smart enough to know that they have got to move their money. The safest place to move money is into the property market. They are willing to pay a little bit extra, and that is another reason there is another mini-boom in the property market. If you have money sitting in your bank account, you have got to get your money into property. Even if it was giving you 1.1% in the bank, you could make 2-20% on your money if you put it into a property.   There are a lot of foreign investors that are also trying to buy up UK property. China is taking over and changing the laws in Hong Kong, making it very difficult for people to risk keeping their money in that country. These people are looking to move to the UK, buying both residential homes and investment properties. They are snapping up property all over the UK right now, which is adding to the current property boom. This boom will die down as we move into 2021.   Winter is coming. There is no sunshine, you are stuck indoors and furlough has come to an end. This will have an impact on the property market. The market will take a hit once all of the furlough and investor money dries up. No matter how much money people need to save, people will continue to need to live in houses. The UK does not have enough properties and the government are not solving this problem. The people that are going to provide the housing are private landlords like you could be. Be ready for the opportunities coming in 2021 as this will be the biggest property opportunity.       BEST MOMENTS “A lot of people have looked at their lifestyles in the lockdown and decided that they want to change their lifestyle and part of changing their lifestyle is moving home. They’ve got that little bit of a false feeling that they’re financially stable right now. Those things are going to change.” “Now you’ve got a golden ticket. Now you’ve got the time. Let’s use it wisely.” “A property will not necessarily make you a millionaire in the next few months, but it can certainly grow much quicker than a bank will.”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Are you tempted to take the plunge and begin your property journey, but unsure if the ‘No Money Down’ concept can work? Well, look no further as today Kevin is joined by yet another No Money Down star who managed to succeed in property in just a short amount of time. Together they discuss how the strategy can work everywhere and anywhere, what to look for in a JV partner as well as the importance of surrounding yourself with a like-minded network.   KEY TAKEAWAYS The ‘No Money Down’ concept works in every area. On the mastermind, you can meet people from anywhere and everywhere making successful creative deals. There’s only one place where this doesn’t work and that is in your head. Do not worry yourself with where other successful people are making their deals and start concentrating on learning how to do it where you are.   There are many simple things you can do to ensure you make deals. Things such as highlighting and advertising your property in local markets and ensuring each of your properties has a sign on it to show that you are currently looking for tenants. When you follow these simple, low-cost techniques you will start to get direct calls and before long will be able to fully occupy your properties.   When looking for a JV partner, you do not always have to go with the person who can offer you the most financially. Work with someone you click with and who you are still able to work closely with if something was to go wrong. It is important to work with someone you have a good connection with and who you can celebrate the wins and figure out the losses with. If you portray yourself in your strengths and personality, the money will come to you. Do not seek someone who has money as your main focus, you will struggle to find the right people.   The property industry is extremely fast-paced. You may even lose deals because you were not quick enough to respond to potential clients. You have to move fast on your property deals. Do not be a procrastinator, especially a positive procrastinator. A positive procrastinator is somebody who makes themself feel busy but never does anything that actually makes them money, such as focusing on viewings.   Along the way, you will face challenges. The only way you are going to properly fail is if you stop. You have to keep going, the property industry is a forgiving business. You will face many challenges along the way, keep going and you will succeed. If you are on this journey alone, connect with people that are going through the same struggles, who may offer advice along the way. The purpose of the Progressive Property Community is to be able to identify people who can help you and who you can learn from.   BEST MOMENTS “The thing that matters is knowing what he is doing, and replicating it in your area.” “Protect what you’ve currently got, and then scale.” “As much as I thought that money was what I needed to move forward, it really wasn’t.”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Don’t miss this insightful podcast with Kevin as he answers all of your burning property questions. Today he covers everything from the importance of your social media profiles, never giving up on doing deals and ensuring your insurance policy is correct.   KEY TAKEAWAYS When looking for property deals it is important not to skip people. Do not miss people off your marketing list because you think they may not give you an opportunity. Don’t presume you know why somebody else would not be interested in doing a deal with you. The way to find out is by sending letters out. Not all large landlords are open to doing deals with you, but some of them are, it is not your job to work out what they want, it is your job to market to them.   What does your Facebook show when you click on it? Does it show that you are a property investor? Or does it show what you ate for your breakfast?. Your Facebook profile needs to give the right impression of yourself to those who may come across it.   You need to change your mindset. Get out of your negative mindset and questioning why big investors would want to go into property alongside you. Tell everybody what you do, build your business, brand and profile constantly. Once you have built yourself up, deals will come to you.   You need to ensure that you have the correct cover on the property you own and are renting out. The cover needs to be specific for the type of tenant that is living in the property. Your insurance provider will ask you what type of tenant you have occupied the property and you need to declare this. If you have the wrong insurance for the tenant living in the house, and something goes wrong you may risk receiving a payout from the insurance company.     BEST MOMENTS “There are landlords that want their rental income covered.” “Does your Facebook show the right thing?” “Go around the agent if the agent won’t work with you.”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Learn how to maximise your opportunity to get property deals as Kevin answers your property questions and gives advice on how not to get stuck in the marketing rabbit hole. Learn the importance of ensuring you are consistently marketing yourself and your service, the importance of having a marketing action plan and how to identify no go deals.   KEY TAKEAWAYS   The key to success in property is that you consistently market. Do not believe something is a deal until it materialises as a deal. When an opportunity arises from your marketing techniques, chase the deal but do not turn off the marketing tap. Continue to market for more opportunities, since that opportunity may not materialise into a viable option.   Many people are constantly going after something, and getting disheartened when they don’t get it and they have nothing else lined up in their pipeline. You have to build the pipeline of opportunity by consistently marketing. You need to be persistent in your marketing and ensure you are doing a little bit of everything. One marketing technique is not necessarily better than the other, a combination of techniques may accumulate into a deal.   Put together a marketing plan. Start structuring it around consistent actions. Decide what marketing techniques you are going to put out there each week. No matter how many times the phone rings, you should continue to execute your marketing plan week after week. It is not about waiting for that one deal that is going to ‘make it’, it is about consistently doing lots of little deals. Know that if you trust this process a deal will come.   Not every property that is on the market either for sale or for rent is going to be a deal, but there are always deals out there. When you get further into your property career you will soon be able to analyse a potential deal and move on from it. Learn how to stop chasing a deal that was never there and stop wasting your time on non-deals, when you could be marketing for more opportunities.   BEST MOMENTS  “If it turns into a deal, brilliant. What you have to do is make sure you are lining up a lot more opportunities behind it. You don’t want to be going back to square one.” “There is no point getting a deal, that you don’t know how to fill.” “You need to be consistently doing a little bit of everything.”     VALUABLE RESOURCES No Money Down Book ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

If you’ve always been interested in the No Money Down technique but thought it sounded too good to be true, then listen in to this episode as Kevin is joined by Istvan Vigo, one of the No Money Down Mastermind programmes many success stories. Together they discuss how important it is to not compare your journey to others, why you should stop looking for instant gratification and why leveraging your time is the key to success.   KEY TAKEAWAYS You are ALWAYS learning on this journey, time is not wasted even if you find that your property search is slower than you expected. Every time that you do a viewing and you do not get a deal, you are learning something. That is the knowledge you are going to take forward with you on your journey. The deal will come and the hardest deal you will ever do is the first one, after that your confidence will build and things get easier.    Stop looking for instant gratification and instant results. Yes, this may happen for some people but it doesn’t happen like that for everybody. Do not worry about what somebody else is doing. If you complete the training with others, and people get quicker deals than you, it doesn’t mean that those people are better than you. Just keep focusing on your journey, your time will come at a different point to other people.   Leveraging your time is the key to success if you are wanting to create a successful property portfolio. Business partners can allow you to share part of the risk, responsibility and profits. Having a partner can also allow you to share ideas with as well as advice that may stop you from committing to the wrong business deal. Virtual assistants that can help with the admin work are a cheap yet effective way to help leverage your time, get help as soon as you think you can afford it.   You have to do your own analysis and your own education to ensure that you are taking on the right properties that will make you money. It is okay to say no to some properties. You have to be very selective, and don’t be trigger happy just because there is a deal on the table. Be selective, take the right properties and then you will have a sound and successful business.   Property is simple, but it is not easy. There are many highs and lows you may face, the important thing to remember is to keep at it. Keep improving yourself by constantly educating yourself further. This will allow you to grow your business by using new techniques. Enjoy your property journey, if you don’t enjoy it or have a passion for property then it is not worth doing.   BEST MOMENTS “I could be just that close. What if I keep going for just a bit longer?” “Make sure you trust the process, you keep following the steps and the action. You need to have that accountability and drive within yourself to push yourself forward.” “It is the win-win-win model. If you do it right, everybody wins.”   VALUABLE RESOURCES No Money Down Book ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/ http://progressiveproperty.co.uk/ progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/