The Progressive Property Podcast

In this latest episode, Peter interviews Property investor, traveller and co-host of The Property Nomads Podcast Rob Smallbone. Rob took the decision to make his yearly goals public, filing monthly accountability facebook videos. Stay listening to hear how making them public has helped Rob achieve his goals and all about his journey which has seen him relocate from Reading to Hull for his property business. Key Takeaways Why Did You Publically Make Updates On Your Facebook Page? I’d always set my yearly goals on my birthday in July. Making them public has really helped my accountability. People were asking for updates on my goals so there was a demand from others. Goal setting is really important in succeeding. You achieve things with goals because if you don’t have any then you won’t achieve anything. How Do You Set Your Goals? Every mid-July, I will take a day out and put my phone on airplane mode. I go somewhere and do a personal reflection on the last twelve months, what has gone well, and what hasn’t. I have to be really honest with myself to set the best goals. Letting yourself off on small elements can snowball out of control. I’ve always had goals, but each year I try something new for the discipline. Why do you set goals? The want and the desire to be better. I know that if I can discipline myself in my life it will help build my business. I know that I can be better. Ultimately I want to visit every country in the world before I’m fifty. Trying to use property to help facilitate and achieve that. What areas in your life do you set goals? I set goals in seven key areas: business and work, personal wealth, energy, mental, physical, spiritual, social and spiritual. Some current goals that I have are below: No coffee, alcohol chocolate for a year. The aim is for the discipline. I was wasting too much time with lost days to hangovers, and those energy lulls caused by coffee. To be personally debt free as of 13th July 2020. I’ve strategically planned out how I’m paying off the debt incrementally. To publish my first book by the 13th July 2020. Over time i’ve built up a series of blog posts, and now I want to repackage and repurpose them. It’s on the theme of how to buy your first buy-to-let property? To successfully establish the Property Nomads podcast. This has been achieved. The Nomad name sat well with me. It’s a blend of property and business content. The latest episode is around the fourteen people you need to have in your power team. We are looking to do a mini-series on individual historically important properties. To have 25 positively cashflow properties by 13th July 2020. We are about halfway there at the moment. We still have plenty of time to make the full amount. To finally get rid of moobs, so I can look in the mirror and be happy in my own body. I’ve become more disciplined in my routine and surrounding myself with the right people to learn from. Why did you choose to buy properties in Hull? At the time of going up there, it was about to become the city of culture. Seeing it work really well in Liverpool was a good draw for me. The main reason was renewable energy, however, as there is a lot of investment in the area, with regards to that sector. Siemens has invested heavily there as well, and there is a sense that the city is going in the right direction. Having moved there from Reading, it’s easier to react to things, like viewing properties first. It gives you a competitive advantage How did you get to know the area? I got stuck in at every level possible. I had time on my side. I’m on the committee for Humber housing association, which is something that I sought out. Simple things, like driving round Hull during the day and at night and talking to lettings agents. They know where the high demand is in the city. There are any number of reasons why you don’t reach a goal. It might be that your goal wasn’t quite framed properly. If you don’t achieve the goal in the set time frame, just learn from it and then extend the date to the goal to achieve it. What difference has it made making your goals public? Public accountability has been really useful. There are lots of people who can understand body language, so they could know I’m lying. You will shoot yourself in the foot if you lie about achieving your goals. Best Moments ‘Entrepreneurs know we always want to do more.’ ‘If you are not honest with yourself than you are only cheating yourself.’ ‘It’s all about your mindset’ ‘If you want to do property then you have to be in the mindset to do so.’ ‘Don’t hide behind that mindset that you can’t learn a certain skill.’ ‘Write blog posts, and then you will have some content for a book.’ ‘You don’t have to relocate to invest in a gold mine area.’ ‘Don’t overthink it, just do it.’ ‘It’s easy to get stuck in analysis, paralysis.’ ‘Make yourself accountable.’ ‘Letting agents can be key for getting to know the area.’ ‘You cannot be a property investor if you only look on Rightmove.’ ‘We all have the 24 hours in the day so it’s what you do with them that matters.’ ‘There is no shame in resetting goals.’ ‘Knowing how you learn to represent your goals in the right way.’ VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ Leveraged Lifestyle Podcast If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. The Property Nomads Podcast - https://omny.fm/shows/the-property-nomads ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. About Your Guest Rob Smallbone, Property Investor, traveler and co-host of The Property Nomads Podcast. The vision of the Property Nomads is to 'bring the world to you' and our mission is to 'guide your success'. Rob just wants to make a huge difference to people around the world. He’s here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He’s travelled, explored, and invested. And they’re not planning on stopping these activities anytime soon. Buckle up, sit tight and enjoy the ride that is life. CONTACT METHOD Therpropertyteacher.co.uk - Peter Jones LinkedIn:  https://www.linkedin.com/company/the-property-nomads Facebook:  https://www.facebook.com/ThePropertyNomads/ Instagram: https://instagram.com/thepropertynomads?utm_source=ig_profile_shprogressive, 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 episode of the Progressive Property Podcast with your host Peter Jones. In this episode, Peter looks ahead to 2019, and how best to set your goals for the new year. Peter goes through a 17-step process developed by Progressive Property co-founder Rob Moore to ensure that you have the best 2019 possible and achieve everything you want to.   Key Takeaways Be Goals: Who do I want to me? How do I want to be known? How do I want to be remembered?   My Vision, Legacy and Cause: How will you change the world? Imagine that you have changed the world?   Your Mission and Purpose: What caused the change in the world? What did you do that helped you change the world?   What Am I The Very Best At: What are the five things that you need to get very good at, to change the world? Don’t hamper yourself with a negative mindset, everyone can do anything.   My Values. The 1 to 8 things that are the most important things to you. Things that drive you as a person. Peter talks through his values that are centred around freedom.    My Roles In My Business (KRA): Write down 1-4 vision roles? What roles will you be doing to make the business work? E.g Raising finance, strategic planning.   Do Goals: What are the significant goals that you are going to achieve? What are the 5 five main goals for 2019? This could be split between your business, life and spiritual goals.    Have Goals: These are the things that you are going to own. These are things that resonate with you. Five things that you really want to have.   Health And Fitness: If you are not healthy and fit then you can’t achieve your other goals. Please set five health and fitness goals that are personal to you.   Business Goals: Write five business goals. These are more detail? How much profit? How much cash-flow? What services are you going to create? What do you want your turnover to be?   Giving Goals: These are the things that you are going to give or do that is for others. Maybe giving to charity, or donating blood, whatever it might be. You need five Giving Goals.   Money Goals: Think specifically about you as a person and what you want.               What do you want your Net Worth to be? How much Cash In Bank do you want? How much Salary do you want? How much do you want in your emergency fund to be? E.g ISA fund How much passive income do you want coming in?   Investing Goals: Where are you going to invest in 2019? How much do you want to invest in Property? Are you going to invest in stocks? Physical items e.g Gold, Art Other   Education Goals in 2019: What books are you going to be? What courses do you need to attend? What audio books do you want to listen to? What mentorships do you want to take up? What biographies and autobiographies are you going to study?   Network Goals: Write down a list of five people that would be in your black book? People who you can contact around finance for example. Is there anyone out there who you wish you knew better with the intent that in 2019 you will add them to your network.   Lifetime Goals: There is no limit to this, just keep adding them. They can be from any of the previous 16 sections. Add these over time on something like Endnote.   Best Moments ‘Don’t hamper yourself with a negative mind-set, everyone can do anything they set their mind to.’ ‘Make sure you complete each step of the 17-step process.’ ‘The bigger you think the more you will achieve.’ ‘If you are not healthy and fit then you can’t achieve other goals.’ ‘Life is more than money.’ ‘You don’t know what you don’t know’ ‘Your network is your net worth.’ ‘Spend half your time networking.’ ‘No right or wrong answers, write down what is right for you.’   VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ Leveraged Lifestyle Podcast If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker.   ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money.   CONTACT METHOD Therpropertyteacher.co.ukprogressive, 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 episode of the Progressive Property Podcast. In this week’s episode, Rob and Mark have tracked down some of their mentors and bring them to you the listeners. In the first in a series of special interviews, Mark Homer interviews Andreas Panayiotou one of the biggest names in property and the one time UK's largest private landlord. Mark and Panayiotou talk through his start in property, his biggest challenges and where he sees the next opportunities in property? Key Takeaways How did you first get into property? It started around 30 years ago. My parents ran a dry cleaner, and I converted the flat above the business. That made me £25,000, and over the next 25 years, we amassed over 7,000 flats from redundant buildings. We were renting these out but not selling. In 2006, as we had kept everything in-house, we saw yields drop from 20% to 3% so we decided to get out of that business and sell the properties. Where do you think the next opportunities are across the whole spectrum? We went through the last recession which was more of a depression and we’ve seen residential bounce back. The golden rule is that you have to add value whichever sector you’re in. We are heading for another crash in buy-to-let but If you are adding value then you will be more protected from that. How would you compare residential to commercial? With regard to pure investment, office buildings are a more secure investment as you have long-term tenants compared with residential. But unless your adding value it’s the same as residential. Where do you see the differing levels of growth, outside of London? You should look at what most drops during the recession that will bounce back quickest. London is a bubble and yields are small. London is a long-term investment. As long as you are near city centres or train stations you will see further growth. Those satellite towns is a better area to be in now Peterborough, Luton or the Midlands for example. Outside of London, you will get the returns a lot quicker. What have your biggest challenges been? Throughout the recession, the financing of banks, they were going bankrupt at the time. They are businesses as well at the end of the day. There was a changing attitude to financing which was a difficult period in my property career. What do the big achievers do differently to the not-so-big achievers? It’s all about focus. You have to ask yourself, do I put 100% into my business? If that’s not the case then that is where the issue is. It’s about daily focus, not working harder, but sharpening the knife. I treat every day as the beginning of my new business, so I keep moving forward. You have to make sure you are always learning. What daily traits do you have that could help others? You have to be disciplined. The more you achieve, the more vulnerable you are. In our hotels, we have over 4,000 staff so it’s a big responsibility. So you have to be on your business morning until night. There should be a real focus on living and breathing your business.   When you were starting out how did you go about it? I was doing something where everything was in my favour. There were lots of redundant schools and other buildings which people were happy to hand over cheaply. It’s a lot more difficult today but there are still some opportunities. Best Moments ‘You always have to be adding value.’ ‘Buy-to has been an easy way for people to enter the market, without thinking about the next three or four years.’ ‘The last recession was more of depression but governments bailed out the banks unlike a hundred years ago.’ ‘We heading for another crash in the buy-to-let.’ ‘Every day you need to be learning more about your business.’ ‘It’s a lot more difficult today but there are still opportunities.’ ‘You have to be on your business from morning until night.’   VALUABLE RESOURCES   Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. ABOUT THE HOST Mark Homer Mark’s Mantra – “Focus like a laser on one thing and become the best at it” Mark has bought over 600 properties [& counting] for himself, Rob, his family & his investors since 2003. He is a systems and spreadsheet geek, er, guy, and has developed a complex, secret algorithm that takes all human error out of buying residential, commercial and multi-let property. He has commented and been referenced in almost all major publications including BBC Radio, The Independent, the FT, The Wall Street Journal, as well as co-authoring the UK’S 4 Best Selling Property Books. Mark quit corporate life in 2006 where he saw a long road to quiet desperation, giving up a ‘good job’ that was actually dead end and monotonous. Yes it was above average pay, but life was empty and it was not his path. Maybe you can relate to this. On the side, Mark has been an Entrepreneur investor since the age of 15, setting up many small businesses through University, and continually saving, re-investing and compounding the money using laws of wealth that he now teaches to 10,000’s of people. Mark is a paranoid spreadsheet geek and an analyst. Giving up a good career was a big decision for him, he is a bit of a recluse but he makes up for it in finance. Mark has been obsessed and [literally] sleep deprived on finding the very best investment vehicle and at the end of 2007 his joint portfolio with Rob produced more profit than any of his other investments he’d tried in the last 10 years, combined. Contact Method Website: https://www.progressiveproperty.co.uk/contact/ About Your Guest ANDREAS PANAYIOTOU, GROUP CHAIRMAN, CEO, THE ABILITY GROUP Founding the prestigious Ability Group in 1996, Andreas Panayiotou remains the Group Chairman and CEO, thanks to his expertise in property development. Since 1996, Andreas and the Ability Group have realised the potential of the UK and European property investment opportunities through residential, commercial and hotel assets. For Andreas, his business acumen came at a young age. Thanks to the support of his parents, Cypriot immigrants, who taught him the value of hard work to achieve your aspiration. CONTACT METHOD Therpropertyteacher.co.uk Website: http://panayiotou.org.uk/andreas-panayiotou-bio/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 the Progressive Property Podcast. In this latest episode your host Peter Jones, takes a look at some of your questions and tries to answer them. Peter answers questions on which regions are good for property investments, do you need to relocate as an investor and actually where do investors buy property? With fascinating and insightful answers Peter gives you some really key info for anyone interested in property at whatever stage of your career? Key Takeaways Can Any Region Of the UK Work for a Property Investor? Yes, there will be deals everywhere. Peter recommend researching which property strategies works in your region. HMO’s, serviced accommodation and commercial refurbishments will work in most regions. The only strategy which is more region is buy-to-let’s through the BRR model which can be difficult in some regions such as London. Returns in London might be 3 or 4% which is hard to sustain cash flow. Do You Need To Relocate? No, can you find a JV partner, who can help you source the area for you and help you find properties. Sometimes you can do this from a distance, or you can relocate but you don’t have to. People do relocate into different regions but like all these things it depends on your circumstances and your strategy. Where Do Investors Buy Property From? This does depend on your strategy, as different strategies will dictate your different options. For example, with buy-to-lets, you can go to Estate Agent which is a really simple, easy way to find properties. There is more than enough properties to cover different investors in your area. Your job as an investor is to go through the detail and make sure the numbers add up. There are other more creative ways to find properties such as gorilla marketing as you are going directly to the vender. Property auctions can be helpful but if you’re new to property it can be difficult as there is a lot of groundwork beforehand. You can pay out a lot of fees before the auction and still not get a single bid in. How Can I Spot A Good Area? What Signs Are There That The Values Will Rise In The Area? An area is only a good area if your strategy works in that specific area. It doesn’t matter if your prices are going up if your strategy doesn’t work. Then it’s not a good area. There is an argument that property investors should focus on cash flow rather than capital values, higher values aren’t always helpful. Individuals investors can’t change the market. Infrastructure and the geography of the city with the relation to the suburbs, such as areas which are improving can all affect the market.   Are There Other Ways Of Making Money From Property Not Just Buying and Selling? Yes, there are other ways like packaging up properties or sourcing properties. Some of the properties that we look at and don’t buy it might work for other people. Not everyone wants to be a professional investor. Some people would like a small extra income. You can do the deal and then sell the deal on. Another reason might be when you have a large number of properties you could set up your own Letting Agency. Another way is to educate people in property through mentoring for example. Should I Only Buy Properties Near Where I Live? There are advantages to buying near where you live, as you know the local area, the potential suburbs which you can use and it cuts down on travel time. You are leveraging yourself in that regard. There is a downside however in that you run the risk of managing these properties and getting bogged down in tenant complaints for example. Purchasing at a distance forces you to allow others to manage your properties. It can be helpful to buy near where you live, but not necessarily. Best Moments ‘Most strategies work in most regions. Except for buy-to-lets through BRR.’ ‘Your options are always dependant on your strategy.’ ‘If something is easy and something is hard always try the easy first.’ ‘Make sure you do your due diligence.’ ‘It doesn’t matter if your prices are going up if your strategy doesn’t work then it’s not a good area.’ ‘Cashflow is the foundation of everything.’ ‘Values tend to go up with improvements to infrastructure like a new road, or a new business.’ ‘The past can be a good guide to the future.’ ‘We all buy for different reasons.’ ‘Many people would like to be mentored by someone only a few steps ahead rather than someone light years ahead.’ ‘You have to buy property that works for you.’ VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/   If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. ABOUT THE HOST Peter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.ukprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

There’s been a huge demand for Peter to return with more expert answers, to questions from you guys, in the Progressive Property Community and today, he’s back. Peter shares with you the typical day for a property investor and if you need a permanent office space or not to be successful. He goes on to explore how many hours you should be working when getting into property and who you should include in your property investing power team. Learn all of this and more in today’s episode of The Progressive Property Podcast. KEY TAKEAWAYS Is there a typical day for a property investor? It depends on your strategy but really all property investors should be out there sourcing deals and finding finance. Now, these two things go hand in hand and as a property investor, you must always be aware of doing both at the same time. If you’re starting out you will need to spend time researching your goldmine area, visiting estate and agents and building rapport with those in and around your investment area. Your network IS your NET-worth. Do property investors need offices or a place to work? If you want to have a mobile lifestyle you don’t want to have an office that ties you down. However, if your particular property strategy scales and grows if may mean that you need offices and a letting agency. If you aspire not to have an office, you need to implement systems and automation in your business so that you can become a more organised paperless office. How many hours should I be looking to work as a fledgeling investor? If you’re still in full-time employment you’re going to have to juggle your time. This means getting organised and cutting out unnecessary tasks from your daily routine so you can free up an hour a day to work on your new property business. Use this time to arrange viewings, scroll through Rightmove and determine your goldmine area. You can easily start with 7-10 hours a week and if you outsource you can perhaps do it with less.   What services and specialists will a good property investor have on speed dial? Your strategy determines your power team. There is going to be a different makeup of team dependent on the property strategy you’re implementing. However, one of the most important is your mortgage broker. You will want to have a broker that’s a specialist in your particular strategy. BEST MOMENTS “We should spend at least half of our time networking to find JV funds.” “Everyday plan in raising finance and finding the deals.” “There are tax breaks to having an office.” “With a mobile phone and a tablet you can probably work anywhere.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ Leveraged Lifestyle Podcast If you’re interested in finding out more about the right mortgage product, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. ABOUT THE HOSTPeter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.ukprogressive, 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 the Progressive Property Podcast. In today's special episode, Co-founder of Progressive Property, Rob Moore takes over the podcasts to bring you 10 practical ways to dominate your local goldmine area. A lot of people are trying to find the highest growth investment area in the country but on average you'll find that over-time all areas will roughly double in value, They'll just have peaks and troughs. So, if you’re looking to secure BMV deals, get the insider secrets in your area and grow your property portfolio, dominating your local goldmine area is essential to success. KEY TAKEAWAYS 10 Practical Ways To Dominate Your Local Goldmine Area. The grass is greener syndrome is a fools game - Most of the best deals that you will ever do will be local to you and right under your nose. Continually view properties on a consistent basis - Viewing properties is much more than just seeing a house, you're getting to know the agents, learning the market and understanding prices. View properties to let in order to build up a relationship with the letting agents - Discover Rent2Rent deals and create a relationship with your local lettings agents so that when your sourcing, selling or letting you know the market and have a contact you can trust. Get to know people in the council - Learn about development and future plans for your local area. Find out how many houses are being built and what shops, restaurant and industries are coming to your goldmine area. Attend local property networking events - Meeting investors and connect with people. You can also attend commercial property meetings that attract a higher level of investor. Find other investors like yourself that are doing deals - Have a collaborative mindset and learn from other investors out there doing what you want. Take diversions and look around at property - Learn your area and spot the deals that can make you money. The better you know your area the more likely you are to secure more property deals. Keep a spreadsheet for sold prices - Any property that you're interested in take note of what it listed for, what it sold for and what you would offer on it. Over a couple of years, this will provide you with really useful data when deciding to buy. Spend 10-15 minutes per day on Rightmove - Build up-to-date knowledge of your local area and make sure you know what's going on. Get leafleting - Find direct to vendor deals by leafleting consistently in your area. BEST MOMENTS "Most of the time the area that works best for you is the area that you make work best for you. Not the area that is the best" “Local property investing works better than national property investing” “The better you know your area the easier it is to spot a cheap property and get it secured.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOSTRob Moore is an author, public speaker, entrepreneur, property investor and property educator. He is the co-founder of the Progressive group of companies including Progressive Education, Progressive Lets, Progressive Property Network and Progressive Portfolio Builder. Moore is the co-author of The 44 Most Closely Guarded Property Secrets, Make Cash in a Property Market Crash, Progressive in Property: From Beginners to Winners and sole author of Multiple Streams of Property Income and "Life Leverage: How to Get More Done in Less Time, Outsource Everything & Create Your Ideal Mobile Lifestyle. He is the owner of collections of fast cars and expensive watches.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 the Progressive Property Podcast with chattered surveyor and property investing expert, Peter Jones. In this episode, Peter answers questions from the Progressive Property Community and shares with how to get started in property, even when you don’t have any money or own any property. Peter goes on to discuss where you can find JV finance and JV partners and why if you’re not yet part of the community you should go ahead and join now! Tune in now and learn how to believe that you’re a property investor, how to get yourself started and begin growing your empire. KEY TAKEAWAYS Do I need to have a lot of money to become a property investor? Well, you don’t know what you don’t know and in property, other people’s money is much better and much more efficient to invest with. By using other people’s money you will see far greater returns to you than using your own. You can accelerate and accentuate your portfolio by using other people’s money. It’s good to have a lot of money, as long as it’s someone else's money. Finally, it’s also important to maintain a good credit rating so that you can regularly borrow finance, it’s doesn’t always have to be a JV partner. You can use bridging loans, personal finance and credit cards to get you started. Can I get started in property, even when I don’t own any? Yes, of course. You need to be telling people you’re a property investor even before you do your first deal. Being a property investor is a state of mind, it’s not a qualification. You need to get out there, get networking and begin telling people who you are and what you’re looking at doing. So many property deals and JV finance is done as a result of networking and telling others that you are a property investor. Where can I meet other investors? Really it depends on the type of investor you want to meet. The usual places are networking meetings such as Progressive Property Network (PPN) and Property Investing Network (PIN) but you can also check out National Landlords Association and Residential Landlords Association meetings to expand your network. This works particularly well if you’re doing a Rent2rent strategy or tired landlords worried about the Section24 act. You can also attend Progressive Property’s Joint Venture Day and learn how and where to meet other investors. BEST MOMENTS “When you begin property investing and you have your own money you will actually start off slower on your journey because you become fixated on the amount of personal money you have to invest.” “Sometimes we get so fixed on raising JV finance that we forget we can borrow from the banks. This can even be a bridging loan.” “If you’re going to be a property investor you’re going to have to get your hands on some money, and there are multiple ways to do this.” “Tell everyone that you’re a property investor.” “Get out there and do it, be it until you see it.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOSTPeter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Thepropertyteacher.co.ukprogressive, 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 property mini-series with your host, Peter Jones. Today, Peter dives into Commercial Property Conversions and why this strategy can give you huge chunks of cash from just one deal. Most people think that commercial conversions are only for seasoned pros and expert investors. This is not the case. Really they can be done by anyone with the right knowledge. There are so many commercial properties out there waiting to be converted. It's a perfect storm with incentives from the government, prior approval from local authorities and a market desperate for more housing. KEY TAKEAWAYS So what is a commercial conversion? - Converting a property for commercial use - Usually turning an office building into a block of apartments - There are plenty of pubs and corner shops readily available to be converted Why Commercial Conversions? Just one deal can change your financial future because there are large numbers involved. Bigger projects mean bigger profits and you can get bigger returns with the same effort of converting a smaller project. Because of the scalability of commercial conversions and the potential to earn big profits from one deal, you don't need to own and manage a big portfolio or properties. Just one or two deals can make you financially free. Most of the time you will be converting properties and selling them on for large chunks of cash. As a result, you won't have to deal with tenants and the associated risks. The great thing about commercial conversion is the scalability, it's like doing a number of refurbs all at once. This means when refurbing you'll start to see economies of scale. for example, purchasing lots of kitchens will be cheaper than just buying one. There are tax breaks to commercial conversions with capital allowances. We can depreciate the cost and the value of plant and machinery etc. when taking on commercial conversions. We can use prior approval under permitted development from the local authority. Progressive Property Co-founder Mark Homer purchased a large scale commercial conversion project. He purchased the old Marks & Spencers building in Peterborough for 4.2 million and is converting them into 98 apartments with a projected worth of 15 million. There are three main ways you can add value to a property. Refurbish it - As part of a commercial conversion will change the use of the property but we will also refurbish it to fit the new use of the property. Extend the property - You may be able to build up the property out the back or around the side to add value and create a bigger property. Change of use - We can add value simply by changing the use of the property. You will need to get planning consent and due to government demands, it's much easier to get approval for a change of use. BEST MOMENTS "Although there's still hassle with commercial conversions, it's a better quality hassle" "It's often much easier to borrow a large amount of money as people who have the large funds want to put their money into bigger projects for bigger profits." "With commercial conversions, it is very likely you will be able to do your deals no money down" "Because Mark was able to buy the whole property and then sell off the ground floor as a commercial unit, he's been able to do the whole deal no money down" “The fall of high street shops has provided a huge opportunity for commercial conversion investors.” “You can JV with investors providing the finance by offering your time to go out there and find the deals.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ If you're interested in learning more about Commercial Conversions you can contact Progressive Property to find out more about their expert course. ABOUT THE HOSTPeter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.ukprogressive, 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 The Progressive Property Podcast. Peter continues the property strategy mini-series and today discusses Rent2Rent. If you’re looking to invest in property with little or none of your own money, generate an instant monthly cashflow and benefit from property capital growth, Rent2Rent is the strategy for you. In its basic form, you're essentially renting a property and then sub-letting it on to someone else for a monthly cashflow. Tune in today to hear the pros and cons of Rent2Rent property investing. KEY TAKEAWAYS Stereotypically you might be renting it from a tired landlord and then sub-letting it on to a tenant that wants to live in the property. You'll guarantee the monthly rent to the owner. For some of us, the term sub-letting is a bad word, but Rent2Rent is perfectly above board if you do it right. Rent2Rent is about negotiating a long-term tenancy from a current landlord that's mutually beneficial. The good thing is you can negotiate a lower rent as you'll be taking it on a long-term and sub-letting it for a higher monthly income. You're taking aware of the risk of them have a void and the property is empty. This means the landlord will have no issues with the property and see an income coming in every month. Be careful how you structure you agree with the owner of the property. You need to make sure your agreement is not in any violation of the landlord's mortgage. Make sure you do your due-diligence here so that there are no issues with you using the Rent2Rent property as part of your portfolio. Once you have an agreement in place you can also agree an option deal to purchase the property for an agreed price today for a future purchase. Rent2Rent can be a great strategy that adds to the overall pot of what you're doing. You can use this strategy in conjunction with other strategies to help give you a monthly cashflow and build towards the property goals you want to achieve. The big benefit of Rent2Rent is that you can start with very little capital. You don't actually have to buy the property. However, as you won't own the property you won't benefit from any capital growth. This isn't an investment as much as it is a property activity. BEST MOMENTS "If I was doing a Rent2Rent I would always agree on an option deal with the landlord. This way you will earn the cashflow to purchase the property in 2,3,4 years time and you will benefit from the capital growth of the property" “You can take all of the costs and hassle away from the landlords. This is why Rent2Rent is very attractive to a lot of property owners.“ “Rent2Rent has progressed over the years and it is now used as a strategy for larger properties, in particular, HMO's. Although you won't be seeing your asset grow, you will be seeing a monthly cash flow. You could then use this cashflow as a deposit for future property investment strategies such as flips or your own HMO projects.” VALUABLE RESOURCES Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOSTPeter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.ukprogressive, 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 The Progressive Property Podcast. Peter returns to discuss the property strategies you can use to begin your own journey in property investment. Today Peter focuses on Serviced Accommodation and brings you both the pros and cons of this new innovative property cashflow strategy. KEY TAKEAWAYS With Serviced Accommodation, you essential let out your property on a short-term basis. The difference is with a buy-to-let, you will have a 6-month or longer tenancy, however, with Serviced Accommodation you are letting out your property for a shorter period of time. It's very flexible and not as rigid as a buy-to-let where you will need to have an AST (Assured Shorthold Tenancy) and often the type of properties that are being used as buy-to-lets can also be used as Serviced Accommodations and the best bit, you will typically achieve a much higher rent. Rental fees that you can charge for a shorter-term let will be substantially higher if you're using your property as a serviced accommodation unit. However, you might not have it filled every night. Therefore you will need to work out your occupancy level and how many nights you will need it to be filled to make a profit. In many ways, serviced accommodation is more of a business strategy than a property strategy. It's much like a B&B, an alternative name would be holiday lets as they are very similar. You will need to set up your unit a bit like a hotel and furnish it and keep it clean etc. There's a lot more work that you need to put into it to get it up and running. 95% of the time you will need planning for your serviced accommodation. It’s not considered as residential property, its more of a holiday let. As you need planning this will affect how you finance the property, this is different to a buy-to-let and you will need commercial lending. With Serviced Accommodation, you need to ensure you have the right insurance and policies in place. BEST MOMENTS With all the things you need to do to maintain your serviced accommodation, you will need to have a team behind you. With Serviced Accommodation, you are really creating yourself another job, rather than freedom. However, the returns are so good it's worth it. If you get contractors as tenants they may stay a lot longer at your serviced accommodation. Do not use your buy-to-let mortgage to purchase a property to then use it as a serviced accommodation.   VALUABLE RESOURCES If you’re interested in finding out more about the right mortgage product to finance your serviced accommodation, please email ThePropertyTeacher@gmail.com and Peter will put you in touch with his mortgage broker. Join the Progressive Property Community here: http://www.thepropertyteacher.co.uk/ ABOUT THE HOSTPeter Jones is a Chartered Surveyor, an author and a serial buy-to-let property investor. He has been involved in property for over 35 years and now owns 78 letting units. He is still actively involved in buying and renovating property, and regularly flips properties for profit. Peter has written a number of successful property books. The first, An Insider’s Guide to Successful Property Investing, was first published in 2000 and was one, if not the very first, book of its kind which was written for what we’d now call buy-to-let investors. On the back of its success, he was invited to be a guest writer for Property Secrets and wrote Spanish Property Secrets, French Property Secrets, and Portugal Property Secrets. He has since written a number of other successful titles dealing with UK investing including 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investors Strategy Workshop and The Property Renovator’s Workshop ,in which Peter describes step-by-step how he built his own property portfolio, starting with virtually none of his own money. CONTACT METHOD Therpropertyteacher.co.ukprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/