The Progressive Property Podcast

Join Kev as he speaks to property investor and progressive property network host Heidi Mobbs. Heidi reveals the strategies she used to replace her income completely with property investing. Kev and Heidi talk about the benefits of Progressive networking events and Progressive Property courses and Heidi stresses why it’s essential to have goals and a purpose to push you through the challenges of starting your own property business. KEY TAKEAWAYS  Heidi needed to be confident she was successful enough in property investing before she left her established role in social housing. She had a lot to lose. Networking and negotiating with investors to give her opportunities is how she first started to build her portfolio. Heidi scaled very quickly, she didn’t leave her job until she had all systems in place including employees and CRM systems. The hardest part of her journey was managing this whilst working full-time. Progressive networking events provide support and opportunities for property investors. Heidi wanted to utilise this and host a networking event rather than doing something independent. Hosting PPN events gave Heidi instant credibility as a property investor. Not all projects go to plan, Heidi has had to give properties back that she has been unable to manage and has lost money too. You will never find great property deals without making some mistakes along the way. BEST MOMENTS   "Just give us a go, I’ll prove a point and I’ll turn that property around” “You’ve got to have a big enough why to quit your job and that keeps you going through the bad days” “PP and Progressive are like a family” “The networking boosted my credibility straight away” “I’ve done loads of deals where they kind of didn’t work out the way I hoped them to, but I wouldn’t have got the good ones if I didn’t go through the bad ones” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kev is joined by Mike Chadwick in this episode who has been part of the progressive property network for 10 years! Mike talks to Kev about what his journey has looked like and what he has planned for the future. He also talks about why he became a PPN host and why anyone can do it! KEY TAKEAWAYS  Hosting network events gives accountability, you have to show up every month. One he learnt about multiple income streams, Mike couldn’t forget about it and it’s why he always has to do more in his career and life than one job. Mike has started exploring new property strategies in the past couple of years including HMOs and serviced accommodation. Being a host of PPN events gives you exposure to other property investors and can present unique opportunities. Make sure people you are hosting know what you are doing in property, nurture those relationships. BEST MOMENTS   "To me it’s not work, I love hosting the event, to me it’s like meeting your friends every month” “Some people can use it as a way to make progress in property” “Because I did training with Progressive, I understood the ins and outs of it” “Make sure you’re telling people what you’re doing” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Join Kevin as he speaks to property expert Richard Stone about Jeremy Hunt's latest budget. They discuss how this may impact property investors, including VAT, capital gains tax and changes around national insurance for the self-employed. VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kevin and his team share the various tenant issues they have had over the years. They talk about how to defend yourself against bad tenants including why referencing isn’t always enough and reveal the worst tenants they have ever had to deal with. However, let this prepare you, not put you off property as Kevin and his team mostly deal with perfect tenants! KEY TAKEAWAYS  Nightmare tenants usually have a honeymoon period before showing their ‘true colours’ Alcohol, drugs and visitors are often the start of many issues. Referencing is key as a first defence against nightmare tenants. Landlords may not always be completely honest about current tenants as they want them to move. If you can find potential tenants on social media that can give you more information to decide on whether to rent to them. Dealing with aggressive tenants is one of the biggest challenges, especially in a HMO situation. You have to deal with bad tenants swiftly or you risk losing the good tenants. Don’t give bad tenants an inch or they will take a mile. You need to be fair but firm. Regular inspections can help you combat issues early. BEST MOMENTS   "Most tenants are great but there is always that nightmare tenant that appears every so often” “We use a referencing company, but you will always find a landlord reference doesn’t always reflect the truth” “We have over 300 tenancies and very rarely do we have a bad one” “That’s not really a bad tenant, that’s a tenant with a problem and we as landlords aren’t social workers” “If you don’t deal with the bad tenant quickly the good ones will leave” "Cat fleas are worse than cats" VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

The UK is officially in a recession. In this episode, Kev talks about the news and how it may impact you as a property investor. He discusses what might happen with interest rates, the opportunities and creative techniques available to property investors and why this is the perfect time for you to scale your business. KEY TAKEAWAYS  There are different challenges now to 2008, particularly around inflation. The Bank of England will be feeling pressure to reduce interest rates. A recession can be an opportunity for property investors, there will be a lot of deals out there. There are two types of sellers in a recession, those that want to sell and those that have to. The main form of control you have as an investor is the money you put in today, the rental income you make and how you scale your business. Recessions are great periods to scale your business. Don’t confuse good debt with bad debt. Good debt is serviced by someone else that creates profit for you. There is a looming house price drop but in the long term, the prices will always increase. Property investing is about the longer-term trends. BEST MOMENTS   "This is the longest recession ‘not a recession’ I’ve lived through” “People are poorer” “That creates a lot of opportunities for creative property investing” “The techniques you can use in a recession can allow you to scale massively” “There are loads of £1 deals out there!” “We are going to see a house price drop” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Join Kev as he talks to title-splitting expert Rachel Knight. Rachel talks through the implications of the recent announcements by the government that will release positive opportunities for property investors. She also reveals her unique strategy for getting high value from her properties with less work than you may think! KEY TAKEAWAYS  Title splitting is the creation of leasehold from freehold. The government are looking at changing the current system of leasehold/freehold to common value. This means the value will be in the lease, no longer the freehold. Think outside of the box, Rachel reconfigured two flats she owned together to make 3 luxury 2-bed apartments. The number 1 advantage to title splitting is you get the capital growth from day 1. This title-splitting strategy can work in any area. You need the right people to understand this title-splitting method, not every solicitor will know how to achieve it and neither will all banks. You can title split at any point, not just when you are buying or selling. If you split before you may want to sell, it means you can sell flats individually to retail buyers, not just to another investor as a ‘job lot’ of flats as many people do. Title splitting is a good way to diversify your portfolio. For example, switching your SA to single let or vice versa. BEST MOMENTS   "Title splitting is something that has been around for centuries” “I got a massive value uplift in doing that” “This is out of the box to legally get round things you might consider a blocker to your business” “You want things that are easier to manage as you get older” “You need a solicitor who knows what they’re doing” “Title splitting is a good way of diversifying” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kev is joined by social media expert and property investor Scott Wroe in this episode. They talk about strategies anyone can follow to flip houses as well as the unique ways you can leverage social media in your property investing business. KEY TAKEAWAYS  Scott’s parents were flipping houses throughout his childhood. He is only 27 but has lived in 30 houses! Scott focuses on the cheapest house on an average street. If you are starting out, don’t buy houses that need any major work, instead focus on things that need updating cosmetically. Look for a mentor to guide you and prevent you from making expensive mistakes. After just two deals, Scott made a 70k profit. As Scott grew, he started using contractors and even established deals with kitchen suppliers via social media. You would be surprised how easily brands want to gift items and products to 'house' accounts, you only need a 30k following to get noticed. BEST MOMENTS   "It’s knowing the difference between expensive things and things that are going to cheap [to rectify]” “I think they could be much more successful by attending one of your courses” “I made 40k on the first one, I was 20” “It was so much easier having other people doing the work because then I could be doing other things” “People will literally gift you anything” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kevin discusses the newest government idea to solve the housing crisis – to evict everyone! Kevin talks about latest government press release around social housing and gives his educated opinions and thoughts on the policies. KEY TAKEAWAYS  Those who display antisocial behaviour can face a ban on living in social housing accommodation for 5 years.  The government is seeking views from the general public on this proposal. Kev agrees, people shouldn’t be given a social housing home if they are abusive or a criminal. However, he doesn’t think all of the implications have been considered for this policy to work. This kind of policy is to reduce pressure on the waiting lists. What will happen to those who are banned from social housing? The policy also states having to prove connections to the UK and local area. Could this be a discriminatory policy? Those with mental health issues will suffer from this policy. BEST MOMENTS   "You won’t be able to get social housing for 5 years” “Play by the rules, pay in and we will support you. If you choose not to this country is no longer going to be a soft touch” “The government knows it doesn’t have enough houses for everybody” “Is this just about stopping illegal immigrants from getting social housing” “Where do they go? Where are you putting them all?” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Kevin joins Jessen James on the Mind Over Money podcast to talk about the power of property investing itself, as well as his own personal journey in business, and the part that mind-set has played in his incredible rise to success. KEY TAKEAWAYS Inspiration can take many forms, but nothing stirs us or empowers us more than seeing others who have succeeded, and hearing the stories of how they did so. When our backs are against the wall, we usually discover how strong and resourceful we can be. Never be afraid of pressure, because it can serve to highlight our strengths. Often, we tell ourselves that success is elusive. We are afraid to take the risks for fear that they won't work out. Taking that first step towards action is crucial. Accountability is important when it comes to our business journey. We must take responsibility for the choices we make, even if they are wrong ones. BEST MOMENTS 'Within 12 months I'd replaced my income' 'I had no choice but to think creatively' 'It's not difficult to raise money. It's difficult to try' 'Stop looking back and look forward' VALUABLE RESOURCES Mind Over Money Podcast - https://omny.fm/shows/mind-over-money ABOUT THE GUEST Jessen James Jessen has spoken to and trained thousands of entrepreneurs all over the world, and has featured on Channel 5's Rich House Poor House. Having built, bought and sold multiple businesses himself, Jessen has had some amazing wins and some rather spectacular fails too! He now dedicates his time to serving others to better their lives and businesses by sharing his learnings. Get in touch today. ABOUT THE HOSTKevin McDonnell Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/

Gary Das joins Toni in this episode for a quick but valuable discussion on bridging loans. They discuss what they are, where they might be useful but also reveal the three main reasons you may not want to use them. KEY TAKEAWAYS  Traditionally you would get a mortgage for a property but if you are buying from auction or similar you may need a bridging loan before you can get a mortgage. This is a short-term loan. To be accepted for a bridging loan generally, you will be borrowing against assets, but this doesn’t have to be another property or even the property you are using the bridging loan for. One of the advantages of bridging is the option to either pay an upfront fee or a certain timescale where you don’t have to pay anything yet. There are horror stories surrounding bridging loans, usually when a term has been breached and good advice wasn’t sought out. BEST MOMENTS   "The key thing with a bridge is how does the bank get the money back in the not-so-distant future?” “There are certain instances where you’ll use bridging instead of a mortgage” “The more you know about the properties and the finance side the easier it is to walk in with confidence and do the deals” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progpertyprogressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/