The Progressive Property Podcast

Join Kevin for the first instalment of a discussion with property developer educator Jerome Roith. Jerome works very differently from Kevin but has had a lot of success which is why Kevin wanted to get him on the show, to share his knowledge and different perspective on property. Jerome shares his personal journey into property development and Jerome and Kevin share the similarities and differences in their property approaches.   KEY TAKEAWAYS  After Kev had investments go under in the 2007 crash he had to get creative with making property deals, this is when he started doing rent-to-rent and lease options. Jerome sells to developers, which carries a different level of risk but gives him better margins. Time is valuable and the more experience you have the more valuable your time is to others. Kevin is always looking for new creative ways to invest in property, such as converting student accommodation into serviced accommodation or HMOs for professionals. Being an expert in your local area can help you source the best deals especially if joint venturing. Joint venturing is also something that can be useful in Jerome’s world of property development, particularly around enabling scale. BEST MOMENTS   "You do a lot of land and not the house itself” “I had the realisation that if I don’t do something I’ll be paying this off for the rest of my life” “The thing that put me in debt was property but the quickest thing to get my out of debt was…property” “There’s too many people running around not making enough of a margin and taking all the risk” “When I move into other things that’s when I make mistakes” “If you’re not making money when you sleep you’ll work til you die” 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 McDonnell, Katie Wilson, Dan Eton, Toni Gargan and Kevin Poneskis for their biggest property-investing horror stories in this Halloween special! KEY TAKEAWAYS  Whilst viewing a house she wanted to offer on, Katie discovered drugs that had been left there by the evicted tenant! Toni bought a portfolio during covid which meant some properties she was unable to view. Once able to view one property in particular, the damp in the bathroom was so bad that the walls were crumbling and the radiator was copper and black! It was in an old doctor’s surgery basement that Dan discovered a Roman urn! Many people felt a presence in this basement too. A haunted house in a not nice part of town that is also very ugly, makes just as much money as Kevin’s other serviced accommodation properties! BEST MOMENTS   "I did get chased down the road by a cage-fighting drug dealer when deal packaging once” “Nightmare into a ker-ching moment” “This is not a kids story” “Every time I see a for sale sign up I wonder maybe there was something contained in that urn” “They’d go to bed at night time and they would hear things moving and they’d wake up in the morning and the blinds had been moved or something had been moved in the house somewhere” 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/

Beth Cardy, an experienced service accommodation provider, shares her journey of finding a better way to make cash in property. She discusses the importance of mentoring, systems, and support in her success. Beth highlights the value of having a reliable cleaning and maintenance team. The progressive network and community provide invaluable support. Discover the benefits of running serviced accommodation as a business and the challenges faced. Explore the selling and management of apartments for investors. Learn about changing mindset, dealing with challenges, sourcing a team, joint ventures, and getting educated in service management.

Ahmed Khan, a property investor who started his journey while still in university, shares his approach of starting small and working up to bigger projects while building confidence. He explains how he used rent-to-rent as a low-cost strategy to save up for deposits, transitioned to buying properties, and refinanced to get his capital back. Ahmed emphasizes the importance of taking small actions aligned with your experience level and having a long-term plan. He also discusses the mindset of making excuses and the progression from flats to houses in his property portfolio.

Halstead Otley shares his journey from working in retail to building a substantial property portfolio, including challenges with high-interest rates in the 1990s. He discusses different property investment strategies such as buy-to-let, HMOs, and commercial. Halstead emphasizes the importance of education, taking action, and networking. Despite challenges, he remains motivated by financial freedom and helping others achieve the same.

Darren O'Reilly, a SA Delegate who learned the benefits of network and support from Progressive. Chose rent to rent as his strategy, making 9k cash flow a month. Lessons learned: parents taught him to never sell anything, a nervous person almost discouraged him, ongoing support accelerates success. SA is a hospitality business with unique challenges. Money to be made in SA if willing to work hard. Expanding rental properties, dealing with challenges in deal packaging and sourcing, building units to generate income.

In this podcast, the hosts discuss the recent decline in house prices and the opportunities it presents for property investors. They explain the importance of understanding mortgage stress tests and the internal coverage rate when considering interest rates. They also analyze the current state of the UK property market and provide insights on affordability levels. The podcast concludes with discussions on new legislation, predictions for the Bank of England meeting, and the opportunity for further education through the Progressive Property YouTube channel.

Kev gives his thoughts on the current report put out by the Renters Reform Coalition. He discusses their claims that landlords are responsible for the shortage of housing and talks about how the government could actually help solve the housing crisis instead. KEY TAKEAWAYS  Many landlords wouldn’t have benefitted from the rises between the 1990s and now. You can’t compare the value of a house in the 90s to now, it’s not comparable. The government are responsible for building council homes, not landlords. Help to buy isn’t a good solution for the housing crisis, it benefits developers and helps them sell whilst putting buyers in more debt. Landlords have no choice but to put the rents up, this is an economic issue caused by the government, it’s inflation. There are many properties out there that could be put back into use, providing new homes for people but also jobs as they are refurbished. BEST MOMENTS   “All homeowners have had their values go up too, it’s a bit one-sided” “Are landlords responsible for the housing crisis?” “Help to buy is not the answer” “If that property value goes up, they hit you going out the door with your inheritance tax, the death tax” 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 interviewed by MJ, who is doing a dissertation around AI and wants to quiz Kev on what he thinks the impact will be on the property world. They talk about the real-life implications and applications of AI and VR including relationships with clients, costs and convenience. KEY TAKEAWAYS  VR and AI present a unique opportunity to build better relationships. There will be huge time savings to be had once AI has been established within a workflow. Virtual reality means that staff and people other than the landlords can review accommodation, sending the recording to the landlord to review at their convenience. Communication is essential if AI and VR are to work in any industry, individuals and companies need to be educated with realistic expectations. MJ believes that real estate agents haven’t been told or educated about why and how AI and VR could work for them. You don’t have a business unless you have happy customers, if you can make your customers happier then you can generate more income, Kev would want AI or VR to aid in this. BEST MOMENTS   “I’m really excited about this and also really scared” “Relationship building is important between a real estate agent and a customer” “Any relationship starts with trust in the first place” “Would you buy a house on the back of a virtual reality tour?” “You know way more about the technology than the actual client that would be using it” “If you want to sell me on virtual reality you need to sell me the benefits not ask me why I would use 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/

Toni talks about what is happening in the property market right now including housing prices becoming more affordable, the student market as well as an update on EPCs and why knowing what is happening in your community is essential.  KEY TAKEAWAYS  What has happened in the past year has skewed the property market, things may seem more affordable now but only because they have been so inflated. A drop in the housing stock in the market doesn’t mean there won’t be property available for you to take on, many landlords are exiting properties for a variety of reasons, and there are many opportunities to be taken. The average salary of 33k in the UK means single people are being priced out of buying a house, which presents opportunities for the rental market. Student lets is a part of the property sector that is growing dramatically and it isn’t too late to get started, it’s projected to keep growing at a high rate. You need to get your communities on side as a property developer, this will only help you with the planning stages. BEST MOMENTS   “This is a huge opportunity for you to be doing some more direct-to-vendor marketing, identifying the potential challenges and highlight the win-win situations” “If properties are more affordable than they were a year ago the educated people are the ones winning in this instance” “Student lets, definitely something to keep your eye on” “It’s really important that you know what’s happening in your communities” 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/