The Progressive Property Podcast

Welcome to this two-part episode of the Progressive Property Podcast, today your host Peter Jones shares five things he’s learnt in property from over 20 years of investing. Hear the multiple investing strategies you can employ to reach your investing goals, and why you too, should adopt and adapt what the successful say and do and make it work for your own circumstances. Peter dives into his key learnings from over two decades of investing in his own right and shares the finely tuned steps you can follow to be successful. It doesn’t matter if you're a beginner or a pro, lack finance or confidence you can become a property investor as long as you investing in your foundation, your education.   KEY TAKEAWAYS There’s rarely just one way of doing things - Listening and learning from others will show you that there are multiple ways of achieving your property goals. There can be more than one right answer, so don’t give up after one attempt. There are numerous strategies to achieve success in property, the best way to do anything in property is to choose the solution that’s best for you and best suits your circumstances Most things that we worry about don’t actually ever happen - Most investors will take very little action at the start of their journey because they're worried about what might happen. In reality, if something does happen it’s usually unexpected and unprepared for. A lack of money should not hold you back from getting started in property - The key thing to consider is it doesn’t have to be your own money and you shouldn’t let this stop you from purchasing property. There are multiple ways of financing property you just need to get educated on it. Train your mindset and become a property investor. If you consider yourself poor you will act poor. You don’t have to run out of money - If you invest correctly you can continue to buy all from your initial investment. Refinance your portfolio to keep expanding by taking out the equity. Some things in property just take time - There are parts of the property industry that simply take time, so be patient and let things happen. Try not to get too stressed and realise this is part of the process. BEST MOMENTS “The failsafe mode in all of us is to not do anything, this actually causes us more harm.” “Don’t let worry stop you from taking action” “There are numerous ways to get into property no money down” “Those who know the least, often shout the loudest” “Your education has got to be foundational” “There are no hard and fast rules in property” “Modelling yourself on those that are successful is worthwhile if it works for you.” “You have to educate yourself, the more we know, the more informed we are and we will be able to make decisions for example if the property market were to crash, it doesn’t matter because if you’re educated and you will be prepared for it.” CONTACT METHOD Therpropertyteacher.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 Investor’s 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.progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Welcome to another episode of The Progressive Property Podcast! In today’s episode, your host Peter interviews specialist mortgage broker and longtime partner and friend, Alasdair Devine, about the best ways of financing refurb projects for buy-to-let property investing. In most cases, a buy-to-let mortgage is the best way to go, but if habitability is in question and you’re on a tight timeline, a bridge-to-let may be the more effective option to getting your property and getting it refurbished.   Key Takeaways:   Peter talks with Alasdair about refurbs, and that, while they vary in size and scope, generally in buy-to-let property investing, a refurb usually means fixing up or replacing the kitchen, bathroom, and carpets, as well as the decorating and other miscellaneous aspects.   But it can be tricky financing property refurbs sometimes because while a buy-to-let mortgage lender will consider the property, it will only usually be on the condition that the property is habitable on the date of completion of the purchase, which can be an issue if it requires refurb.   Peter points out that there doesn’t really seem to be any hard and fast rules as to what constitutes “habitability” and that every bank has its own criteria. Alasdair says that in his experience, though, it’s usually very simple, big picture factors like if there is a functioning kitchen or bathroom, if the property is watertight, and if it has all the basic services.   Peter, however, says it still seems like a bit of a lottery, recalling someone he knew who bought a horrible property with damp, rot, and other issues that would make a property virtually uninhabitable. But, against all logic, this person was able to secure a buy-to-let loan for it anyway. On the other hand, Peter was denied a loan on the grounds of the kitchen being uninhabitable even though it was still functional, just old.   Alasdair does admit that you can get wildly different views from surveyors on the same single property, to which Peter adds that it means that if you get turned down by one lender, you might as well try another because they may have different criteria for habitability.   There’s a lot of debate as to whether you should refinance with your existing lender or go find a new one. It’s a double-edged sword because the surveyor who was there before is likely to be pessimistic about the uplift in quality. A new lender with fresh eyes might give you a better value. But then there’s the issue with early repayment charges and if they are high, then it's often not worth trying to find a different lender.   Peter and Alasdair list off other options for financing, including using the portability of an existing buy-to-let mortgage to move it from one property to another, as well as paying for the property with cash, doing the refurb, and then refinancing the mortgage six months later. Using equity is also a perfectly valid option for funding deposits or purchases.   But in the case of properties that are clearly not going to be deemed inhabitable or are bought at well below the market value, a bridge-to-let can be an effective solution. A bridge, which is a short-term loan, is easier to get than a buy-to-let and much faster. It is, however, also more expensive because it is viewed as a riskier loan.   Both Peter and Alasdair agree that buy-to-let rates will always be the most competitive, but depending on your needs and the property and the time, a bridge-to-let is worth considering.   Alasdair provides a specific example of a client of his successfully using a bridge-to-let loan after buying a property through an online auction. After the deposit, he only had 28 days to complete, and while he initially wanted to do a buy-to-let, habitability was going to be an issue. So instead he used a bridge-to-let, got surveyors to the property within a week, got approved, and took care of the entire transaction within the 28 days, which a buy-to-let would not be able to fulfill.   Best Moments:   “The reality of property is that probably the best way of doing property is to buy properties where you can add value.”   “You put 10 surveyors in a room, you’re likely to get 11 different opinions.”   “I do know some banks that are keen to avoid what they would regard as buy-to-let speculative trading.”   “From a cost point of view, buy-to-let rates are extremely competitive now and will always be cheaper than traditional bridging. But, worth talking to a good broker, and looking at the figures and just seeing what’s right for you at the time.”   Guest Contact Method: Email thepropertyteacher@gmail.com to request information on getting in touch with Alaisdar   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 also written a number of successful property books, including An Insider’s Guide to Successful Property Investing, 63 Common Defects in Investment Property and How to Spot Them, the highly acclaimed The Successful Property Investor’s 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.     progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

On today’s episode of Progressive Property Podcast, our guest host Den Hedges talks to Simon Church, an ex-footballer turned property investor. Learn about how his early retirement from professional football led him to build an investment firm on his own name. Hear about how he got affected by the unforeseen retirement, how important influencer is his dad in this career shift, how he decided to focus in catering to professional sports people, and how he made the transition from his professional sports to property investment. Simon says that these two things are quite similar and there are things in sports that he was able to use inside the business. You can find out more if you listen to this episode! KEY TAKEAWAYS As a professional player in the world of sports, you have to be strong-minded be focused on your end goal. There will be a bad game and you won't be able to shoo away negative comments and reviews. You don't have to worry about everything they say. Focus on improving gameplay. "Stick in property." At a young age, this is Simon’s dad advice that he can’t seem to brush off. He always thought he'll play till 35. According to Simon, there are many sportsmen and women who don't know what they'll do after their career or haven't planned on anything to secure financial stability. It took him time get around the news of his retirement. It was all he was doing at that point from the age of six. He still has his hopes to be the top player at that time. "Outside football, the only thing that excites me is property." Simon doesn't like chasing stuff that he doesn't like. He educated himself about property investment. And, through this, he also saw the chance to help other players to go forward through property investment. His business provides services like sorting properties, guide them through mortgages, etc. to professional sports people. Simon sees every moment working on his business as part of his learning process. He saw opportunities and learned about networking when he exited the world of professional football. Simon felt he was in a bubble. He was just exposed to what you're allowed to. He's enjoying exploring every avenue he sees. BEST MOMENTS "Talent can only get you so far. I say, between the ages of 14 and 16, there's a lot of time that you need to realize where you wanna go... I think when you get into the professional side and you're in the professional club, you have to be one-minded - this is what I wanna do." – Simon "You can have the ability and the talent, but if your mind is not there on the day, then you could have a bad game." – Den “It resonates with sports players, we have to do what exactly what we're told." – Simon "Once your mind slips a little bit, your performance slips. Then, you can easily slip down the slippery slope." – Simon VALUABLE RESOURCES Church Investments ABOUT THE GUEST HOST Den Hedges is a Personal Development Manager, Trainer, Speaker and Author. He is currently the Account Manager for Progressive Property. ABOUT THE GUEST Simon Church is a retired footballer who played as a striker for Wales. He won the last of his 38 caps in the Euro 2016 semi-final defeat by Portugal.  After the retirement at 29, he decided to move onto a new career – property investment. The idea of getting into property investing was ingrained by his dad when he was a kid. At the age of 20, he already bought his first property and started building his portfolio. He, then, decided to give services to professional sports people who want to venture in property investments. CONTACT METHOD Simon Church Church Investments Simon’s Twitter Den Hedges Den’s LinkedIn progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Welcome to another episode of the Progressive Property Podcast, in today’s episode your host Peter interviews professional investor and modular property developer Andy Hubbard. Learn about Andy’s inspiring story from brick-layer to Progressive Property VIP of the year 2017. Hear about how Andy has become an expert in commercial conversions and went from working over one hundred hours a week in his business, to managing multiple businesses, mentoring others and developing property in just a few hours every week. Andy dives into his incredible journey and how he has been able to start, grow and scale a cashflowing property business starting with single lets and HMO’s too commercial developments of 34 plus offices and now, his latest project in modular housing, building ready-made homes in just 24 hours. KEY TAKEAWAYS Andy attended Multiple Streams of Property Income in 2015, and it was a turning point in his life. Andy discovered the techniques to leverage, how to create passive income, the proven property strategies, the networking opportunities, and the unrivaled joint ventures partnerships progressive had to offer. Andy has now attended 25 Multiple Streams of Property Income Events and each time picks up new pieces of information. In 2015 Andy signed up for the Rob and Mark VIP mentoring programme, and also attended the Cayman legacy with progressive and it helped him gain clarity within his business. Andy understood the idea of systemising and leveraging, and before he knew it he was earning the same amount of money each week without working. Now a valuable joint venture partner Andy is mentored by Mark Homer and mentors others himself sharing his knowledge of the property industry. Andy now focuses on modular construction and has partnered with a factory to produce ready-built homes with the first development scheduled for completion on the 13th of August. The modular homes are all done in a quality controlled environment and what usually takes 10 weeks to do can be done in 24 hours.   BEST MOMENTS “Was my own worst enemy and ended up doing everything in my business myself, I was working 100 hours a week” “We want to do more and build our businesses but because we have an entrepreneurial mindset it’s hard to let others in and leverage out tasks” “As long as people are doing 80% of the standard of work you’re looking for you can leverage out the tasks” “Modular housing is a game-changer in the construction industry” “I now personally mentor others, it’s the simplest way to becoming a developer” “Your first development is the most important one” CONTACT METHOD Andy@bishopsgatedevelopments.co.uk Facebook 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 Investor’s 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.  progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

What should I buy first: a house to live in or an investment property? If this question keeps bugging you, this episode of The Progressive Property Podcast will absolutely help you. Today, Rob lays down the pros and cons, strategies, and tips to help you on plan and decide whether to get your ideal home or an investment property. Rob’s hot take: You could choose one or you could choose both. The last thing we want is to be disappointed and be regretful of what we choose. Rob highly advises you to be a creative property investor. Aside from having a clear strategy, be open-minded on what the market presents. KEY TAKEAWAYS If thinking of relocating, rent first. Get a 6-month tenancy and get to know the area. You thought that what you found online might be where you want to live but you really don’t. The right house could take you years to find. You could know also the city if you try living in the area first. You could take the time while renting to find the perfect place. If you find a really good investment property after at least 6 months of renting, then go buy that investment property. It pays better than an owned home. In ten years, your own home, like any property, could double its value. You’d get capital returns but no income returns because you live in your home and you pay the mortgage. “Making a house a home centres” You might have used your deposit so no more deposits for investment property. But, sometimes, getting your own comfortable space could help you in your productivity, zen, and relationships in life and business. An investor friend, VC, or a crowd-funder is more probable to invest in investment properties because these properties pay income. If you want to lend money from banks, lenders, etc. for the deposits, it might get difficult. They might put security on it but they’re not gonna lend money to put into your house as an investment other than a residential mortgage. People see a deposit as a finite lump of money which disappears when you buy a house. You can buy below the market value, add value, or change the use to increase the value. Rent a shop underneath or have apartments on top. If you’ve consumed your deposit for a home instead, take it as a blessing. Look for income, capital, and loans. Learn how to raise and attract money. Convince other people about your visions. These are things you wouldn’t do if you invested and waited for the returns from your investment property. You can find a house that you wanna live in and make a deal with the vendor. You can do a rent-to-own scheme so you can choose not to put all the deposit right away. You can put the other parts on an investment property. It is the market that drives the result, NOT your strategy. It might take you a long time to find your ideal home because it is not on the market. Or, you might be looking at investment properties but the yield isn’t enough or you might not have enough on you to have it. Having a clear strategy is a good thing but remember to be open-minded about what the market presents. It’s wise to learn how to raise money and be a person of value and influence. In today’s baking world, commercial banks lend to the individual rather than depending on the numbers of the deal. Be compelling and investible. BEST MOMENTS “An investment property is gonna pay you more than your own home.” “Making a house a home – I found – it really centres me and it really helps me build a productive life. It balances the family and commercial aspects of my life and business.” “Not having a deposit anymore is a gift as well as a curse. The gift is it forces you to go out there and look for other opportunities.” “That’s the creative way to get into being a creative property investor – finding solutions to problems, bypassing the needs for deposits, preserving deposits for investment properties, and having a house you want to live in.” “Get to know an area first. There’s nothing wrong with renting before you buy. A lot of people think that the strategy drives the result. What often happens is, the market drives the result.” “One of the key skills of a progressive long-term investor is the ability to sell a vision to find good deals and get other people to see the vision of that.” ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything” CONTACT METHOD Facebook LinkedIn  progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Peter talks about himself! His personal story into property, his early years in property and the whole journey up to where he is today. His personal strategies, mistakes he did and lessons learnt, and how property education changed his career and helped him grow faster.progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Catherine Turner talks about her journey in property. Her experience from flips, HMO’s, buy-to-let’s and rent-to-rent’s and how she ended up meeting Rob Moore, being a mentor and achieving a leveraged lifestyle!progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Peter is answering your questions about managing properties, goldmine areas and property strategies. How to choose the right area or strategy before you start investing, how to manage your properties yourself or outsource it, tax changes and how they can affect you, and how to start investing with (almost) no money!progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Peter talks about surveys and mortgage valuations. Should you always need a survey or you can also rely on a mortgage valuation? Various types of surveys, common mistakes and when you should do or don't do your own survey.progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Peter interviews Alasdair on property financing, getting tips and tricks on how to find a reliable mortgage broker and how to budget/ spend wisely when getting finance in place for your property portfolio. progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/