The Progressive Property Podcast

Kevin McDonnell
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Jan 16, 2024 • 17min

The Big Property Investing Question Quantity or Quality ?

Join Kev as he explores the question of quantity -vs- quality in property investing. He talks about the quality of house, tenants, refurbs and and reveals the most important things you need to weigh up when purchasing property. KEY TAKEAWAYS  You have to think about mortgage -vs- cashflow but also growth. You can get good tenants in all income brackets in all areas of society, just because someone has money and can pay more, it doesn’t mean they will be a higher quality tenant. Knowing your area is essential to finding quality tenants. They will be ‘areas within areas’ and one street can make all the difference. The monthly rental profit isn’t the only number to focus on, you also should look at the capital growth opportunities. A lower quality area means less capital growth but you probably will have a higher cash flow as your initial outlay is less. Whether you focus on quantity or quality, the most important thing is that you just get started and don't procrastinate! BEST MOMENTS   "Are you sacrificing quality for quantity?” “You need to know your area” “Your return in the North looks better in the South” “What I am always focused on is cashflow, cus cashflow is the oxygen for the business” "It doesn't matter if you go for the quality or the quantity, what matters if you go for something" 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/
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Jan 9, 2024 • 10min

Dan Eaton | How to Get Started in Commercial Conversions

Dan Eaton hosts the podcast in this short episode where he talks about how you can get started in commercial conversions this year. If you have wanted to get into property development, particularly around converting unused and unwanted buildings then this is for you. KEY TAKEAWAYS  From old banks to closed-down offices, there is a huge opportunity to convert into much needed residential accommodation. There is a whole host of building types that have permitted development rights and these are what you want to focus on. Permitted development is easy, it’s as simple as putting in the application form and waiting for the council to accept. Leveraging the expertise of others is essential in the strategy including builders and investors. Conversions may not cost as much as you expect. Commercial conversions rely on finance and investors you cannot save your way to pay for a conversion. BEST MOMENTS   "What type of buildings do we need to convert?” “We can take those buildings and convert them into residential use without the need for planning permission” “I don’t know how to build things but I do know how to ask people who do” “We use other peoples money to do these types of conversions” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE GUEST Want to Connect with Carole? This is how: Website: https://www.clearwaterpropertypartners.com Email: carole@clearwaterpropertypartners.com  If you would like to help support Judy and Abigail with finding their forever home or future Christmas Venue, please reach out to Carole using her contact details above.  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/
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Jan 2, 2024 • 25min

NMD Techniques | Get started in Property Investment this year!

What is the best property investment strategy this year? Join Kevin in the first episode of 2024 of the Progressive Property Podcast and learn all about no-money-down (NMD) techniques and why they could work for you in your property investing journey! KEY TAKEAWAYS  Strategies vary in their success depending on the area but all strategies work all the time. Historically buy to let, commercial conversions, HMOs and serviced accommodation have always worked and always will. Before you think about which investment strategy to use you need to first get the ‘house’ or property. This is where no money-down techniques come in. No money-down property investment techniques allow you to scale. Don’t confuse property investing with property owning. Most investors own a job but don’t always have lots of properties in their ownership at one time. Cash and a mortgage aren’t the only ways to get into property investing. Time and debt are valuable resources, using no money down techniques you focus on buying these rather than focusing on the physical asset Those with a poor mindset follow the system of getting into debt at a young age and out of debt for retirement. BEST MOMENTS   “You can’t do property with your money down” “Most property investors, they own a job” “No money down investment techniques allow you more ideas than traditional thinking” “The richest people on this planet have the most good debt” “If you retire with no debt you’ll likely retire without significant wealth” “There’s a big difference between good debt and bad debt” VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE GUEST Want to Connect with Carole? This is how: Website: https://www.clearwaterpropertypartners.com Email: carole@clearwaterpropertypartners.com  If you would like to help support Judy and Abigail with finding their forever home or future Christmas Venue, please reach out to Carole using her contact details above.  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/
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Dec 26, 2023 • 47min

Collaboration Over Crisis: Solutions to Homelessness | Carole Neales speaks to Judith Vickers and Abigail Noonan of Lifeshare

Looking for a boost in knowledge? Download Kevin McDonnell’s FREE NO-MONEY-DOWN GUIDE → https://bit.ly/nmdreport-yt Want to see the Lifeshare Interview and any extra information?  You can watch the video on our YouTube channel here: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g  Maybe you’re keen to meet the progressive Trainers in Person? Come to our FREE, 3-day event here:  https://bit.ly/msopi23 Show your support towards Lifeshare - DONATE HERE: https://www.lifeshare.org.uk/donate/  In this festive episode, property investor Carole Neales interviews Judith Vickers and Abigail Noonan from Lifeshare, Manchester's oldest homeless charity. Hear the inspiring story of how Lifeshare has adapted over 40 years to meet the evolving needs of the homeless community. Learn clever CSR tactics that support charities and benefit businesses too. Gain insight into the property investor mindset shift towards social impact investing and how you can get involved, even with limited funds and help work towards a collaborative solution for the UK’s housing crisis. KEY TAKEAWAYS  Lifeshare started in 1984 with a soup van and pioneered many 'firsts' in homeless support services in Manchester Data poverty is a key issue preventing access to housing, jobs, and services Construction companies can provide vacant sites over holidays for shelter and food service Donating used tech helps people access support services and develop digital skills Partnering with charities boosts planning applications and contractor scores Training programs for construction jobs transform lives from homelessness to employment Central 'one stop shop' buildings allow charities to share resources and build community Government incentives and policy changes could better enable charity and business collaborations BEST MOMENTS   "Everybody's two check paychecks away from being homeless." "If you get a new phone, and your old phone is still workable, you could donate that to us." "Having everyone on site get along and be excited to be there every morning, it's not gonna hurt." "No one person, no one charity can solve this problem." VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE GUEST Want to Connect with Carole? This is how: Website: https://www.clearwaterpropertypartners.com Email: carole@clearwaterpropertypartners.com  If you would like to help support Judith and Abigail with finding their forever home or future Christmas Venue, please reach out to Carole using her contact details above.  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/Progperty progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Dec 19, 2023 • 33min

Mindset Shift: Profiting While Making Real Change with Carole Neales and Andrew Powell

Looking for a boost in knowledge? Download Kevin McDonnell’s FREE NO-MONEY-DOWN GUIDE → https://bit.ly/nmdreport-yt Want to see a tour of Bancroft house or the Interview itself? You can watch it all in our recent YouTube video : https://youtu.be/rC-jkwCzVXw  Maybe you’re keen to meet the progressive Trainers in Person? Come to our FREE, 3-day event here:  https://bit.ly/msopi23 Show your support towards the Healthier Hero’s Campaign - DONATE HERE: https://www.gofundme.com/f/the-picos-de-europa-veterans-expeditions-2024 In this special episode, property investing expert Carole Neales takes over the Progressive Property podcast to interview Andrew Powell, Director of the veterans’ charity Healthier Heroes. Hear the moving story of Andrew's difficult childhood, military career, and mental health struggles that led him to create safe housing for vulnerable veterans. They talk about the shocking realities of social housing shortages and homelessness amongst veterans and other groups. Carole and Andrew also reveal the ways property investors can make money while making a massive difference through social impact investing. KEY TAKEAWAYS  Childhood adversity led Andrew to join the military, which he loved, but he still struggled mentally After Afghanistan, marital and family breakdowns caused a crisis for Andrew including alcohol, drugs, crime and then suicide attempts Andrew’s first call for help was rejected, showing Andrew that only he could save himself He created education projects and armed forces housing services to help people from similar backgrounds Andrew’s mission was to provide 24/7 supported housing for vulnerable veterans and it led to him creating Bancroft House Funding repairs and staff is one of the biggest barriers, heating alone costs £40k annually The move-on process to independent living for many is hindered by a lack of available housing stock Investors can fund buildings and houses, they can make donations that make a massive social impact and business sense too BEST MOMENTS   "I was homeless at the age of 14, never finished school. So the only thing for me to do to, to escape and try and find a real family unit and connection was to join the military." "When I picked that phone up and spoke to somebody, I was actually told that was too complex for the service. And to take myself to A&E. And I was wished all the best, and the phone was put down on me." "If they were willing to buy the property, do it up, and then wait for their return on investment, so then becomes a longer game, that would work." "Because it's not just veterans who are struggling. Homelessness, it's vast." "If we can make it work on that rate...then we're fine." VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE GUEST Want to Connect with Carole? This is how:   Website: https://www.clearwaterpropertypartners.com Email: carole@clearwaterpropertypartners.com    If you would like to help support Andrew Powell with his properties, please reach out to Carole using her contact details above. 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/Progperty    progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Dec 12, 2023 • 44min

Breaking Down Social Housing for the Growing Property Investor with Carole Neales

Would you be interested in a boost in knowledge? Download our Free Buy To Let guide - https://bit.ly/BTLReport-POD or Download our No Money Down FREE GUIDE → https://bit.ly/nmdreport-yt (either or on these ones) and  Want to meet Kevin in person? Come to our FREE, 3-day MSOPI event here:  https://bit.ly/msopi23 Kevin welcomes social housing expert Carole Neales to discuss the intricacies of investing in properties that provide affordable housing. They explore the different types of social housing, typical property formats, support provided to tenants, benefits for investors, challenges to be aware of, and how to ethically enter this impactful sector. Carole stresses the critical need across the UK and shares uplifting stories of the immense good this model offers communities when done properly. KEY TAKEAWAYS  Social housing involves partnering with councils, charities and associations to supply accommodation and support programs helping disadvantaged groups transition positively. Investors buy and lease properties to providers, earning higher rents without voids or maintenance costs, and supporting social improvement. Typical formats are shared houses, HMOs, converted buildings, but ideal options are end terraces or detached to limit neighbor disruption. Strict due diligence is essential to avoid unscrupulous providers overpromising unsustainable returns that inevitably collapse. Ethical best practices include ensuring full safety compliance regardless of legal minimums, with regular inspections. While more complicated to enter, you can get fulfilment from improving many lives and strengthening communities. Giving generously comes full circle, opening unexpected doors and attracting conscious investors. BEST MOMENTS   "If more investors were involved in this as an ethical way of making money, then we would be using less and less temporary accommodation." "I make sure that all the properties have an HMO license and are fully compliant...to future-proof the fact that I take on a property now." "By investing in this strategy you will do so much good in the community. You will create such an amazing sense of well-being that you will open doors that you never thought were there." "Give to receive. Totally. And you're doing so much good for the local community that you're helping the local residents, you're helping the taxpayer." 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/
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Dec 5, 2023 • 16min

How to Deal Package from Zero: Katy W interviews Abby Pendlehurst

Katy interviews deal packager Abby on this episode. They discuss Abby’s journey to property investing and her latest deals. Abby and Katy also talk about the mindset and behaviours needed to succeed in property including being consistent and building relationships. To listen to Abby’s previous episode, head here: https://omny.fm/shows/progressive-property-podcast/from-property-to-merchandising-back KEY TAKEAWAYS  Abby was working as a merchandiser and had a very busy schedule but wasn’t earning what she wanted, she knew something needed to change and attended the Progressive Property Deal Packaging course. Abby is an advocate of direct mail, she has had consistently strong leads from it. A deal Abby is recently working on is a conversion into holiday lets. It will be a lot of work but for a brilliant end result! Abby has also recently completed an assisted sale deal, which she got via a direct mail lead. Probably Abby’s most impressive deal to date is on her own £1million dream home! Part of this success was due to relationships she had previously built. BEST MOMENTS   "You can’t have a week off from it you’ve got to keep at it, consistent action” “I’ve done a deal whilst in the room” “It was a complete fluke how we did it” 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/
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Nov 28, 2023 • 25min

How to Get Propertyand Deals Anywhere! with Sophia Botchway

Kevin is joined by property investor and previous guest Sophia Botchway. Sophia gives an overview of her property investing journey, what she has been up to since her last episode with Kevin and shares why she is on the episode solo this time! She also shares tips for getting investors’ money to help you build your property portfolio and how to manage your time to create the lifestyle you want. KEY TAKEAWAYS  Sophia’s portfolio has more than doubled in the past 9 months. The team mostly focus on single lets by investing and refinancing using investors' money. Sophia and her daughter learnt to invest in their local area. They live in an expensive area but always find ways to add value. Networking is essential to find investors willing to give cash. They have the money but not the time and want to get better returns on their money. Your attitude and passion are two of the biggest things to help you to get investment, followed by knowledge. Sophia has set up a networking event in her local area as well as an estate agency! There is no such thing as not enough time, it’s all about priorities. You can make time if you want to. Sophia’s biggest difficulty is that there are more deals than she can handle so anyone who says they can’t find any deals aren’t looking hard enough. BEST MOMENTS   "We’re investing in Oxfordshire, so right on our doorstep” “The money is sitting there and they want to get a better return on their money” “Just let people know how passionate you are about what you’re doing and that makes a big difference” “If you want to change your life, you can’t say you haven’t got time” “People are not looking for the deals, there are so many deals out there” 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/
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Nov 21, 2023 • 40min

Part 3 - Doing Property Differently with Property Developer Jerome Roith

The third and final instalment of Kev’s conversation with Property Developer Jerome Roith where we learn how Jerome finances projects, raises private finance, and navigates government obstacles. He shares why direct vendor deals yield the highest ROI and how to turn "sealed" bids to your advantage. Jerome busts myths around market timing, explains why persistence trumps perfection, and gives insight into leveraging agents to your benefit. KEY TAKEAWAYS  Property investing requires financial creativity, such as seller financing or joint ventures, not just capital. Approach deals asking "How can I make this work?" rather than "Can I afford this?". Surround yourself with positive, ambitious people; "If you stay close to the fire, stuff will happen." Detach from naysayers sticking to conventional, low-yield paths. Governments often make decisions to get re-elected, not to help citizens. Since you can't fix the system, learn to profit from it. Agents often lack investing experience, so don't let them dictate what constitutes a good rental or deal. Go direct to motivated sellers whenever possible. Timing the "perfect" property deal is futile. Executing dozens of good enough deals leads to portfolio growth and mastery. Sealed bids reward preferred bidders. Leverage relationships with agents to access insider information on competing offers. Minor social media critiques are irrelevant. Focus your attention on high-reward activities like financial modelling rather than perfect spelling. BEST MOMENTS   "I thought everybody was broke...there's more money on the planet today than there's ever been." "If I hired a Lamborghini with some attractive females around the post, it would blow up. If it's you and me talking about deal strategies, they don't want to know." "Anyone has the ability to be anything that they want to be. It's being that best version of yourself." "My attention to detail has to be on the contracts... The social media stuff, you've kind of now opened that up." "Only do a sealed bid or preferred bid scenario if you've got the agent in your pocket." 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/Progperty    progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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Nov 14, 2023 • 18min

Part 2 - Doing Property Differently with Property Developer Jerome Roith

This is the second instalment of Kevin’s discussion with property developer educator Jerome Roith. They continue to talk about their property strategies, focusing on how they finance their projects and developments, highlighting the key differences and similarities between property investing and property developing. KEY TAKEAWAYS  There are two core mechanisms when offering to an investor in property development. Either give them equity in the deal or a fixed rate of return. It’s important to remember that the risk is often much higher for an investor for a property development project than investing in an existing house, If you can have investors take a share in a project/company it means you can continue to have them invest. It can be a problem borrowing from smaller investors or those you know as they can’t afford to ‘lose’ the money, meaning they will be higher maintenance to deal with. Inflation rates mean that more people want to invest their cash rather than leave it sitting in the bank. BEST MOMENTS   "I’m not a huge believer in borrowing expensive money especially when you don’t know when you’re going to be able to pay it back” “It’s cheaper for them than traditional lettings” “One of the issues with running a company today is the level of administration you have to adhere to” “It’s become easier to raise money because of inflation” 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/

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