The Progressive Property Podcast

Are you sick and tired of listening to all the negativity in the news in regards to the new pandemic COVID-19? Well, tune in today as Kevin informs you of some of the risks you may face during this difficult time. More importantly, how to overcome these risks and how to turn this into one of the greatest opportunities you will ever receive in your property journey.  KEY TAKEAWAYS Risks and opportunities that the Coronavirus will impose on the property industry. Risks: There is likely to be less viewings. Meaning there will be less opportunity for you to do viewings on potential property investments, as well as less tenancy viewings on your properties. Incentivise your current tenants to stay, they are also unlikely to leave their current accommodations. Selling a property. People will be rethinking moving and staying in their current homes. If you are desperate to sell, that means reducing your property prices. This is a good opportunity for property investors as you will be able to pick up properties at a lower price, and earn a profit on them when the market picks back up. Serviced accommodation. If you own serviced accommodation relying on the tourism industry, you will face risks as there are not as many people travelling. You need to react quickly, look at contractors, open reach workers and commuters. Hotels are risky and people would prefer to be in a clean serviced accommodation alone. Less productivity. If people are ill and self isolating for the recommended 2 weeks, you may be short of staff who are renovating parts of your property, meaning delays. Look for alternative build teams. Tenants unable to pay rent from contracting the virus from one another. Create simple rules in your HMO about hygiene and social distancing. Look now for rent guarantee insurance, to ensure all rent is covered. Delaying getting deals completed. There may be a delay in the buying or selling of property. Perhaps you should re-evaluate the current situation and hold back on purchasing as there may be some better opportunities arising. Opportunities: It has never been easier to raise Joint Venture partnerships. Joint venturing is a brilliant way to grow your business. People who are looking to get their money out of the stock market will in turn invest in property, if you can provide the knowledge to these people and joint venture with them you will come out on top. Interest rates have dropped to the lowest they have ever been in history. People who have money in the bank as savers, will be making virtually nothing on their money now. They may decide to take their money out of the banks and invest in property. Cheaper finance. If you currently have a mortgage, you will end up paying less on your mortgage. If you are looking to buy property you will receive cheaper finance on your properties. It is a great opportunity to get yourself a cheap long term fixed rate mortgage. Lower purchase prices. There will be deals everywhere. Look for opportunities rather than worrying about the impact of the virus. BEST MOMENTS “We cannot bury our head in the sand and not think about the future” “Be looking for the opportunity” “Be proactive in this process and we will come through this” “What we can control is the decisions we make” “There might never be a time in history for an opportunity like this” 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/

We have a brand new channel to get your property knowledge with extra benefits and nuggets of info We also have a major announcement! We now have a Progressive Property Supporters page where you can gain exclusive offers, bonuses and exclusive knowledge. Who it’s for, why its better, exclusivity Separate from RM supporters Dedicated solely to property What You Need To Do Go Here: cc/ppsupporter Log in to Facebook or it will already have you logged in Pay on FB’s own system Enjoy the content! What’s Included with PP supporters? First 70 get Premium tickets to last ever MSOPI Exclusive Ask Me Anything LIVE with Progressive Co-Founder Mark Homer monthly Recordings of all webinars & online training/livestreams 1 Q&A every 2 weeks by a Progressive Expert Property trainer Property course discount: 2 for 1 (bring a friend) on selected courses Exclusive Property Content Videos Daily Exclusive access to Progressive challenges, only for Supporters: cc/ppsupporter Now our major announcement: Not only that, we have a MAJOR change We will be hosting our FINAL EVER MSOPI in April 2020! We need to refresh and make way for brand new, exciting content. To make these the best we can we will Both Rob & Mark will be giving keynote speeches Rob & Mark will do a private Mastermind dinner for Premium ticket holders We will we share the most lucrative cashflow strategies We'll reveal what we believe is happening and about to happen plus our best content & cashflow strategies in the current Buy-To-Let market   Our Premium ticket access gives you: Opportunity to have dinner with either Rob Moore or Mark Homer Digital copy of Buy-to-Let boom part 1 and 2 Reserved seating at the event Fast track entry to the event   What we have planned for the future... This isn't the end, it's the beginning In fact, there is something BIG happening at Progressive this week... Rob has just made a HUGE announcement that the 3-5 April & 24-26 April Multiple Streams of Property Income events will be our LAST EVER. What are we going to do?: Online course new, specialised courses with what members want to know VALUABLE RESOURCES supporter ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage. “If you don't risk anything, you risk everything”   CONTACT METHOD 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/

In today's podcast, Kevin is joined by Charlie Taggart, Charlie first attended a Progressive Property event in 2017 and since then has gone on to enjoy a successful career in property. Charlie left her full-time job as a lawyer in London and has gone on to make property investment her full-time job, even winning Progressives VIP of the year award in 2019. Listen in today to hear Charlie's story and find out how you can do it too. KEY TAKEAWAYS Q. When did you first come to progressive? I first came to progressive in 2017, I attended multiple streams of property income event. Q. Where you already involved in any property at that point? At that moment in time, we had one buy to let property and we were accidental landlords. We had just had our daughter and I was due o go back to work and I was a lawyer in London, with really long hours. Once you have a child all of that changes and I very quickly realise I was missing out on the most important to years. I was having to leave work each day at fie thirty to get home to see my daughter, this was having a knock-on effect on my job as well. I was in quite a bad place mental health-wise as I was under a lot of pressure, and around that time we found Progressive, and I just knew that was for me. Q. What did you get out of the event? It’s a three-day event, and you have all of the progressive speakers there who give you an insight into every type of property strategy there is. We only knew to buy a property you have to save for a deposit and buy a house. I knew there must be something that we didn’t know. Over the three days we had some amazing speakers deep diving into every type of property strategy, things we had never heard of before and it was just mind-blowing. We then joined the VIP programme. Q. Where did you start cash-wise? We didn’t have any savings, we weren’t financially educated and didn’t start with any of our own money. Everything was Rent to HMO, to begin with. Q. How did you structure one of your deals? The first HMO that we got was through an estate agent, we knew what we were looking for and how to analyse a deal and then sourced it through an estate agency. It is a rent to rent for a 5 bedroom house, where we pay the landlord monthly rent. We then turned it into a six-bedroom house, we bought all the HMO licensing and rented it out room by room. Q. The people in the progressive community have they helped you in your property journey? Being part of the community is so so important, the mentorship alone, really helps you with direct questions and answers on a monthly bases. However the community is great, to be around like-minded people makes such a difference, it can be quite a lonely journey that you start on , to come here once a month who are either just starting out or who are ahead of you, you all learn from each other and everyone has already been through it. I have made life long friends and the support is amazing and we are a family and that's just invaluable. Q.How much time does it take after setting up a property to get the income coming in? Our first property took us a month to source the property and build relationships with estate agents, at probably 5 hours a week. To get a property set up will depend on the state of it in the first place. From start to finish it is usually about a month but our quickest has been 3 days. Q. Do you think you would be where you were today without progressive? Absolutely not, even when times are hard my husband suggests going back to a full-time job and I say “absolutely not!”. I owe so much to progressive, it has completely changed our lives.   BEST MOMENTS “It quite honestly blew our minds” “I came to progressive, I got educated and I got mentored” “Life is so much better now” “If I can do it, anyone can do it”   VALUABLE RESOURCES  https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767  https://www.youtube.com/watch?v=o8TZdualhcw  https://robmoore.com/    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.      ABOUT THE GUEST  Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018.   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 know you know the best way to market your property business? In today’s market, it’s now more important than ever to stand out from the crowd and market your property business effectively. Today, discover Kevin’s top tips for marketing your business, the value in building a personal brand, how to expand your reach on social media and why networking events, billboards, and leaflets can still bring you a tonne of new business if you know what you’re doing. Tune in to learn how to market your business, build a brand and get the phone ringing.  KEY TAKEAWAYS: Marketing is fundamental for any business. It is not just about marketing your business, it is also about marketing your personal brand. What can you do to build The Brand Of You? Attend networking events getting to other people and other people getting to know you and your business. Attend both local property events as well as business events. Join property Facebook groups where you connect with like-minded people. Make sure you’re active on every other platform of social media such as Instagram, LinkedIn. Interact on your social media platforms at least once per day. Helping and giving advice to others, as well as sharing your property journey as well as some of your personal life. How are you going to find the property deals and advertise to let people know you’re looking for the deals? Start with estate agents. They spend a lot of money each month on marketing to homeowners. You can also go directly to the vendor. Things such as direct mail marketing campaigns work for many estate agents, therefore it should work for you and your business. Keep an eye out for “For sale by owner” sales boards whereby homeowners are privately selling their property without the help of an estate agent, knock on the door and speak with them. Use Bandit Boards to market your property making sure you carefully follow the rules of the ‘Clean Neighbourhood Act’. Use A-boards in local areas and offer leaflets out to people either yourself or by hiring someone else. Implement a strategy for all of your marketing ideas.   BEST MOMENTS “Why sit watching somebody else build their brand when you could be building yours” “Leverage the estate agents.” “Follow the success and success follows”   VALUABLE RESOURCES https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767 https://www.youtube.com/watch?v=o8TZdualhcw https://robmoore.com/ 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.  ABOUT THE GUEST Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018. 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/

ONE-OFF Opportunity to Join a Special 40th Birthday Private 40x40 Property Mastermind With Mark Homer Apply HERE! http://bit.ly/mark4040 Follow the link above to fill in your application and be in with a chance to be one of the 40 participants in Marks 40th Birthday Special Mastermind! It’s Mark Homer’s birthday and this BRAND NEW offer is about to go WILD bit.ly/mark4040 Tune in for a Total ONE-OFF Opportunity to join a special 40th birthday private 40x40 property mastermind investing group with property expert and Progressive Property Co-Founder, Mark Homer. This is an APPLICATION ONLY Offer so listen in to find out more. PLUS get the chance to secure an EXTRA two-day bonus property, business, and finance masterclass. If you’re a determined, enthusiastic and success hungry property investors looking to take your portfolio to the next level, this is for YOU. bit.ly/mark4040   40x40 Property Mastermind With Mark Homer (Application Only) Private and exclusive mastermind for 6 months in Peterborough Available for 40 people ONLY Every session (one per month) will be with Progressive Property Co-founder, Mark Homer Limited places are available. The first 25 accepted onto the mastermind will receive a bonus two-day business and finance masterclass with Mark Homer.   What You Need To Do Go Here: bit.ly/mark4040 Fill in the application form in detail and state why you think you should be accepted onto the mastermind. All applications will be reviewed and those suitable will be contacted.   What’s Covered On The Mastermind? Mark Homer will be masterminding on all things property: HMO deals Commercial conversion projects, Property planning, Building a portfolio, Analysing deals, Developing and converting projects, Building a power team Understanding property finance and lending.   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   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/

In Part 4 of Progressive Properties One-off Bonus series, Rob continues to share the essential lessons learned from 14 years of business with property expert and awesome business partner, Mark Homer.   Tune in to hear Marks moe contrarian business lessons that can super-charge your business and help build your wealth. Understand the value in knowing your enemy, how to merge social with business, why it’s essential to plan for every scenario, the reasons behind why cash is king and how you too, can pivot quickly and always be flexible.   KEY TAKEAWAYS Lessons Learned From Mark Homer   Knowing your enemy - Be friends with your enemy, know what they’re doing and obsess over the competition. Learn from them, understand how they’re dominating the marketplace and take from them what you can to improve your business and brand.   Suppliers will lure you in with a price - Aim to constantly review, renegotiate and challenge your suppliers in your business, property developments and joint-ventures. It’s important to view money-making decisions and money-saving decisions in the long-term.   People make claims and predictions all of the time - And you can benefit from listening and learning from these claims if you make a note to check the claim in a year’s time.   Never tell people when you’re coming back from holiday - If you never tell people when you’re back you can get on top of your work, stay on top of your work-life balance and be better prepared for when your staff knows you’re back.   Merge social and business - Merging social occasions and business meetings/opportunities is a great way to do business, especially if you’re surrounding yourself with other like-minded business individuals.   Buy, rent or lease - It’s important when making the decision to buy, rent or lease to consider the total depreciation cost. If you’re looking at purchasing a car you must look at all of the costs, future values, maintenance costs, and comparative pricing.   Always plan worst case, best case, and likely case scenarios - It’s essential to plan for every situation and outcome when planning a business deal or securing a property deal so always plan every scenario so that you’re prepared for every outcome both financially and mentally.   Aim to have the lowest fixed overhead that you can - It’s okay to have higher variable costs as long as you have low fixed costs because that’s your bottom line and you need to account for these every month.   Pivot quickly and always be flexible - If you’re a lean business you can reduce costs quickly and react to business situations easier and more effectively.   SANT (Save & Never Touch) - It’s important to have money/savings that you never touch in order to be prepared for irregular stocks. The aim is to save up enough capital so that you live off the compounding interest.   Track the money months. - Aim to track the number of money that you can live off of just the capital. The mindset is to understand if you don’t earn anything...how long can you live?36. Diversify your assets - Always secure assets that appreciate in value so that you’re always growing and your income and wealth are always increasing. Target art, watches, gold, stocks and precious metals that can increase in capital worth overtime.   There are not many good consultants and only a few great ones - It’s essential to have a great project manager and planning consultant and once you find them, keep them. Hiring people is basically luck and it can take time to find the best people for the job.   Protect your credit file with your life - Never miss a payment, never default and stay organised.   Cash is king, not trash - It’s important to stay liquid and have cash or assets that can be liquated easily so that if the markets change you’re ready and you can take opportunities.   Test new finance methods - Always be aware of new finance, lending, and borrowing methods so that you know how much capital you have access to. BEST MOMENTS “Mark is the best business partner anyone could wish to have”“Mark is very diligent and knowledgable because he plans and follows up”“As an entrepreneur and business owner it can be a lonely place so it’s important to surround yourself with inspiring people”“Saving money, creating good contracts and due diligence is like a game for Mark” “Test small, test earlier and with not much risk”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   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/

In Part 3 of Progressive Properties One-off Bonus series, Rob celebrates more lessons learned from Mark Homer. Get the fast-track knowledge from over 14-years of successful business, property and wealth. Learn about longevity, consistency, and compounding focus and wealth. Discover the value in consistency, self-insurance, and absolute clarity and accuracy. Understand the need for leveraging your tax-free allowances, planning your contingencies and keeping everything on file in this revealing episode.   KEY TAKEAWAYS Lessons Learned From Mark Homer   14. Mark believes in longevity, consistency, and compounding. Consistent action over a long period of time will generate vast, lasting and deep-routed compounding wealth. Don’t concern yourself with big and loud competitors in your marketplace because they won’t be there long. Slow and steady wins the race and consistency is key. 15. Accuracy is very important in business. Take the right amount of time to be specific and accurate in anything that you’re doing and what you say and what you do. You must be happy with what you post, what you claim and what you propose in everything that you do.   16. Only listen to those that have been there and done it. Free advice is worth every penny   17. Believe in self-insurance by having an account that over-time becomes its own insurance pot. Begin by putting the amount of money you would pay for insurance in a separate account as a safety fund. 18. You must have a bigger contingency than you think that you need. Mark has multiple bank accounts for every scenario, for irregular shocks, for save and never touch, for VAT and for expenses. Saving money away will compound and prepare you for every situation. 19. Aim to get multiple quotes for every job. For builders, boilers, contractors, car insurance, refurbs, building projects and everything in between. Suppliers tend to quote low and then bump them up over time, so you need to stay vigilant and look after the pennies so that the pound looks after itself.   20. Always hold back the last payment for any refurb or contract work on your properties to ensure that the job is done to the standard agreed. As soon as you’re up-to-date with payments people get lazy.21. Mark believes in absolute clarity and absolute detail. The devil is in the detail and this definitely applies to contract joint-venture partnerships and agreements. 22. Aim to keep a file on everything and every one of anyone that you work with. You may need it down the line and may need to recall it in a certain situation. Remain organised wit accurate information that can serve you.23. Leverage and maximise all of the tax-free and tax-saving allowances that you have as property investors and entrepreneurs. Look to max out your ISA, leverage your entrepreneur’s relief and capital allowances in commercial projects. Research and investigate what you do not need to pay because you don’t know what you don’t know. 24. Surround yourself with a great tax advisor, accountant and everyone that is very knowledgable with tax and it can save you hundreds of thousands of pounds in the long run. Hire specialised in the right areas that you’re operating in. 25. Know your enemy! (Covered in Part 4) BEST MOMENTS “Mark is a very private person and drives a lot of what happens at Progressive“ “Mark and I partner on everything, we split everything 50/50” “Stay on one course until you’re successful” “Mark believes in longevity, consistency, and compounding” “Learn from those that have been there and done it”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   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/

In Part 2 of Progressive Properties One-off Bonus series with Rob Moore, discover more lessons learned from 14-years of business with Mark Homer. Learn the insider secrets to property investment, why it’s important to look after your costs and manage your capital, why evolution is more beneficial than evolution and why focusing on your market will bring you compounding and consistent wealth. Tune in for more never-heard-before property and business lessons from expert and entrepreneur, Mark Homer.   KEY TAKEAWAYS Lessons Learned From Mark Homer   6. Don’t buy overseas, don’t buy off-plan and don’t buy new builds. Always buys local, older and existing properties. Mark tested overseas properties himself and knows they do not work as well and you cannot take the numbers on a spreadsheet with projected figures as fact. You need to test, measure and get proof of property strategies before scaling up to another bigger strategy. 7. Every pound is a prisoner - You make more by saving a pound than you do by making a pound because when you make a pound you’ve paid the tax, charges and a host of costs to obtain that pound and the net value of a made pound is a lot less than a pound saved. You must preserve capital at all costs and only purchase assets that appreciate in value and generate and income which in turn you can spend on your business, but never spend the capital.   8. Things cost more, take longer and are harder when you’re in the inexperienced phase of business. So it’s important to understand the maximum exposure and maximum risk in any deal and planning accordingly with best, worse and likely case analysis. 9. Trust but verify first both in deals and in relationships and partnerships. Do random spot checks to better understand the trust in your joint-ventures and the accountability of your relationship. The key is to check and then check again. 10. Saving tax and managing your expenses well is often more important than driving turnover. Aim to be careful with the amount of money you spend vs earned because a point saved is much more beneficial than a pound earned.   11. You can make money in all property markets no matter the economic situation. There are creative strategies for a rising market (adding value) to a falling market (securing BMV deals) and in a stagnant market by changing the use of a property (residential to commercial).   12. Never do refurbs too big or too soon. Aim to focus on the evolution of your property and where you can add value rather than the revolution.   13. Often the business that you’re in is often the best route to success than changing careers or moving industries. Focus on what you’re already doing better and improve it rather than just doing something new. This will you a compounding positive effect on the industry you’re operating in. Consistency will bring you wealth in the end.   BEST MOMENTS “Find other people who have been there and done it and learn from them” “If you want to learn how to do something well, find something who’s done it and learn from them, learn from their mistakes and don’t be a trailblazer” “Spend the income not the capital” “Mark is very persistent and he doesn’t take no for an answer” “Mark looks to build a deeply layered pyramid of wealth”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   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/

Welcome to a special Progressive Property Bonus series with Co-Founder Rob Moore. In this unique series, Rob shares with you something new and completely different. Over the next few episodes, Rob will be revealing the lessons learned from property expert, mentor, and partner, Mark Homer. Tune in to discover never-heard-before insights from over 14 years of business with Mark. Hear advice, lessons and behind the scenes insights on property, business, finance, and joint-ventures. Listen to part 1 of this special bonus series today.   KEY TAKEAWAYS   Much of the stability, longevity, and security or our wealth and Progressive’s success is Mark. He’s an unsung hero and I don’t know anyone who knows more about property in UK than Mark Homer. Sometimes people jump into joint-venture partnerships too soon they don’t do enough due diligence and the partnership ends up breaking down. The odd few people trust to quickly and assume too much. Mark’s view is to ALWAYS test partnerships before getting into contracts and legalities. Do not rush it and make sure it works. Mark tested our partnership before we went into business and watched me work for 3 months before we started a joint-venture, so always test, observe, watch and do your due diligence. Watch and listen rather than to think and to act. You learn a lot more listening than you can by talking and where there is conflict and challenges it is better to sit and do nothing than to react emotionally. Mark is fiercely loyal and does all of the ‘dirty’ work behind the scenes that keeps Progressive going and keeps everyone including myself accountable. It’s important to hold your business to a high standard and keep your business secure behind the scenes, you may not get a lot of credit for this but it is essential to success and stability. You never know the real numbers of a property or a deal until you’ve been in it, owned it or done it for 6-12 months. Therefore it’s important to buy a small number of properties and to test strategies such as buy-to-let, HMO or serviced accommodation because you don’t know until you’ve been in it and seen the numbers for yourself. You need to judge the average net income, tenancy rates, and voids before you scale and you know it’s a success. You cannot master what you do not measure. Mark taught me to track my net-worth (net-assets minus total liabilities) It’s important to find out your net-position and every 3 months evaluate it. As a result, your net-worth will increase as a subconscious driver. Mark also routinely does worst case, best case, and likely case analysis to better understand the position of your assets and income.   BEST MOMENTS “I’m very grateful and fortunate to be Mark Homers, business partner” “Observe potential partners intensely and do your research without telling them” “Don’t scale to quickly, only buy more and scale aggressively when you’ve got the systems and the proof that it works” “Always look an an assets minus sale costs”   VALUABLE RESOURCES https://robmoore.com/   ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.   “If you don't risk anything, you risk everything”   CONTACT METHOD   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/

In today's episode, Kevin is joined by former Royal Navy communicator, corporate world project manager, Serviced Accommodation expert and Progressive Property VIP, Dan Eaton. Dan first attended a “Multiple Streams Of Property Income” event back in 2017 and since then has gone from strength to strength in the property industry and is now a full-time property developer and serviced accommodation provider. Listen in today as he describes his journey to success as well as providing top tips on how to make it in the property industry.     KEY TAKEAWAYS:  Tell us a little bit about what you were doing before you came to progressive? About 2 years ago, I came to progressive along with a friend. At the time I was a project manager in the corporate world, prior to that I had been in the Royal Navy for 10 years.  Before this had you ever invested in property before? No not at all, I had watched ‘Homes Under The Hammer” but I was always under the impression that you needed to have money to do property.  You attended the multiple streams of income event in 2017, what did you do off the back of that event? I signed up for some of the training courses that Progressive have to offer and I attended the masterclass and the serviced accommodation course.  You decided that you wanted to do serviced accommodation, how did you do it? In the training we learned about rent to serviced accommodation, meaning borrowing a house or accommodation from the landlord and using it for serviced accommodation. We then found some properties in Cheltenham that we could do that with and we went from there.  How critical do you think networking is to build your property business? It is absolutely essential. I met my business partner Andrew through networking, we took on his SA units. Then through other networking events, I’ve met others, the four of us are now in a partnership where we’re doing a six house new build. It is absolutely imperative. Two of my deals now are off-market deals, because of my contacts through networking.  What are your plans going forward? To be honest, it is more of the same. Our services accommodation is up and running, we have systemized a lot of that so I don’t spend much time with that. I do the commercial conversion side and development side and the next 12 months, is just more and more of the same. We want to take on more SA units, we want to take on more commercial conversions some used for services accommodation and some used as starter homes.  Why is the progressive property community so helpful? Coming from the commercial world where everybody is out for themselves, I couldn’t believe how helpful people were in the property industry. I think it stems from whoever started doing property in the past, they had been successful, decided to help some people out and decided to pay it forward and it built into this massive community. The market for property is so vast, there are hundreds and thousands of houses. There is enough out there for everyone and I think the property communityrealisethat and want to help.   What are your top tips for people who are interested in getting into property? Think about what it is that you want to achieve.  Think about how you are going to achieve it.  Start going networking and find people willing to help you.   Get the education to make sure you are doing it properly. Attending progressive property events to help gain knowledge of the industry.   Take action to implement. Join the VIP programme which will help keep you accountable.  What do you say to people wondering if they are capable of being successful in property? I would say ‘Yes you can be successful’, one thing I have learned is that you can achieve a lot of stuff, not necessarily straight away, but it is a simple process that you just need to follow.  BEST MOMENTS  “I was always under the impression that you needed to have money to do property”  “Sometimes it's the deals you don’t do that make you the money as well”  “Networking is absolutely imperative”  VALUABLE RESOURCES   https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767   https://www.youtube.com/watch?v=o8TZdualhcw   https://robmoore.com/   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.    ABOUT THE GUEST   Dan Eaton is a Property Developer and Serviced Accommodation Provider. Dan, a former Royal Navy communicator then corporate world project manager, started in property in 2017 and has transformed his life through Serviced Accommodation, building a portfolio for himself and his investors and winning the Progressive Property VIP of the year award 2018.  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/