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If you’re looking to get your property questions answered, then you have come to the right place. Join property expert Kevin as he answers all your burning questions and offers invaluable property information to those of you that need it. Today, Kevin discusses what to look for in a property, how to make property work in your local area and how to legally reduce your tax bill.   KEY TAKEAWAYS Everyone wants to invest somewhere else, they all believe that the grass is greener somewhere else. The reality is that property works where you are. Single let or buy to let may not work but there are strategies that will.   As property investors you are looking for value. There are strategies that work in every area. If you are in an area where there are only expensive properties, don’t panic as this usually means that the rental value of the room or property is higher.   Professional property investors possess the ability to make money in any market. The market may be going up, staying the same or going down and professionals will still be able to make money because they are buying value.   Property is a business and the bigger the business, the higher the tax bill. Do not worry about large tax bills as long as you have large profits too. When you are making money you need to contact a tax specialist who can help you reduce your tax bill in a legal way. There are many things you can offset as tax that you do not yet realise.   If you are running properties as serviced accommodation, section 24 does not apply to you. Meaning you can offset part of your mortgage as well as also applying for ‘capital allowances’. Capital allowances is tax free money up to a certain amount of the property value.    BEST MOMENTS “Cheap does not necessarily mean valuable, cheap means cheap.” “A phenomenal strategy in an expensive area.” “It is about understanding business and property is a business.” “If I am paying £1million a year tax, then how much money am I making?”   VALUABLE RESOURCES 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/See omnystudio.com/listener for privacy information.

The property industry is booming and there has never been a better time to invest than now. Kevin is joined by Mary and Andrew who share their story of how they managed to build up a hugely successful property business whilst working their full time jobs as Architects. Together they discuss how to handle your first deal, how anyone with a full time job can build their property business if they learn how to maximise their time and why networking events are vital to building your property business.   KEY TAKEAWAYS Rent to serviced accommodation is where you take control of somebody else's property and you give them either a guaranteed rent or a profit share on that yield. You then run the property on either a HMO (House of multiple occupancy) basis, single let basis or a single let basis.   The first deal is going to be the hardest one you will ever have to do. You have to be on point. It may take a lot of perseverance to secure your first deal. As soon as you get your first deal you may even find that the other deals come rolling in. You have to open the door and as soon as you open that door, you become more confident about selling yourself and your brand.   Anyone with a full time job can absolutely get into property at the same time. There has to be some understanding that it may not be as quick as if you were full time into property. All you should focus on is doing one thing everyday that moves the business forward. As long as you have done that you are a step further ahead than you were before.   Getting into property whilst maintaining a full time job does not mean that you have to put in copious amounts of hours every day. Learn how to maximise your time, perhaps by focusing on your property business in your lunch break or maybe being more effective in your day job so that you can free up more time to visit estate agents or push your property business forward.   Property is not easy and there is a lot to learn and a lot to systemise. Start to systematise a lot of what you do look into hiring a VA who can do a lot of your day to day admin or property management work. Try to ensure that your key focus is on things that only you can do that you can do in your spare time.   Quite often it is the people you meet that are the most important. Never underestimate who you meet or where you meet them. Sometimes relationships take time to build throughout your property career you should continue to make new relationships and grow them.   BEST MOMENTS “It took a lot of perseverance.” “You’ve got to believe  in yourself.” “It is not about slogging five hours every night, it is about finding that one thing you can do and maximising your time.” “We knew that there is always a different way and if you are confident enough you can go and do something else.”   VALUABLE RESOURCES 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/See omnystudio.com/listener for privacy information.

Are you looking for a joint venture partner but don’t know where to start? Join Rob as he delivers his 7 step tried and tested model for raising finance and finding JV partners. Rob discusses where you need to go in order to network and meet possible JV partners, why it is imperative that you always believe in yourself and the difference between fair and unfair exchange.   KEY TAKEAWAYS   The better the deal, the more likely it is that the money will find its way to you. You need to go to the places where the money is. You have to go where the money is and go to the high end venues. This step is a continual thing,   Connect with people and get their contact information. A big mistake people often make is by pitching people straight away, that is a mistake (unless it is a pitch environment). The goal is always to connect with someone because you want to build a relationship with someone outside of the environment that you met them.      If you don’t believe in yourself why should anyone else? There are two ways to get belief in yourself: Experience and your self belief. Even though you may have some reservations about things going wrong, always know that if this happens, you will do your best to fix it. As long as you know that about yourself, you can go in and get a deal done.   Fair exchange is the balance between fair service and fair profit, it is the balance between the fair division of roles and responsibility, If you charge too much and deliver too little that is unfair exchange. If you have ever felt that people have been taking too much from you for what you are being paid, that is an unfair exchange and the way to get rid of that emotion is to charge more.   The way you should always try and get to the discussion about money and potential deals is to get them to make the first move. It may be a little bit of ‘financial flirting’ by trying to talk about potential deals you have lined up. Try your best not to go in and instantly talk about business, try to make them come to you. Usually you can gently move the conversation towards property and business in order for them to make a move.     BEST MOMENTS “Nobody wants to be pitched to at a golf club or a flying club, that is where you meet them.” “Whatever you think he saw in me, you have in you.” “The biggest barrier is believing you can do it.” VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks     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 the 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 Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979See omnystudio.com/listener for privacy information.

The property industry is booming in the UK and there is no better time to start investing than today. Kevin is joined by yet another one of Progressive Property’s success stories Sam, who has gone from strength to strength in the HMO area of property investing. Together they discuss finding the right refurb team, investment opportunities and why investing on your doorstep is beneficial.   KEY TAKEAWAYS   If you are starting out in property and looking to create a reliable refurb team, a great tip would is to always ensure you are open and honest with people. If you do not like something, don’t be afraid to say. When you are starting a refurb always make sure you get some good quotes from experts, don’t go for the cheapest.   You need to find a professional building company rather than a ‘cash in hand’ or ‘day rate’ kind of builder. Whilst they may initially seem cheaper you may find that the invoices keep appearing and the costs begin to add up.   There seems to be a really good scope in turning properties further away from town into HMO’s, tenant the properties and then selling them on. There are quite a lot of out of town investors paying top end prices for tenanted properties.   People seem to be paying over the odds for student properties close to university campus’. The issue with student properties is that they have to be ready by January as this is when term time begins.   There is always a property technique that will work on your doorstep, whether that be student accomoddation/HMO’s, flipping properties or rent to rent. It is highly recommended to invest close to home as it makes it easier and quicker for you to attend to the property whenever you need to do so.   BEST MOMENTS “If it smells bad, that's the smell of cash.” “Work with good builders, clear prices and clear structure.” “I’d rather do something on my doorstep.”   VALUABLE RESOURCES 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/  See omnystudio.com/listener for privacy information.

An inspiring guest joins Kevin today, one who faced many hardships when the 2008 financial crisis hit the property industry. Gavin Gallagher joins Kevin to discuss how he was affected by the recessions, lessons he learned and how he aims to use his story to inspire others of what not to do. Together they discuss trials and tribulations of family businesses, why it is important to not build your identity around your financial success and how the worst advice you can take in property would be ‘go big or go home.’ KEY TAKEAWAYS   Getting into a family business can be complicated. There is usually a lot of politics involved and it is not always easy. When you are young going into business, you may not realise it but you don’t have a clue how business works.   When you find yourself in a situation where you have success after success you may find yourself getting complacent. You start to forget that it shouldn’t be that easy to make money, you have to have discipline.   If you notice that business is declining, you are likely to go through a phase of complete denial. The biggest mistake you can make is to sit back and weather the storm. You should be acting quickly to rectify the situation, reducing your outgoings and taking cuts. There should come a point where you realise that you need to make adjustments, by this stage the adjustments are going to be painful.   You mustn’t build your identity around financial success. If you run into difficulties, it completely shocks your whole world. If or when business begins to slow down and you find yourself in financial trouble, suddenly all of the material things can get stripped away. If your identity is built on something that cannot be stripped away then it is an awful lot more powerful.   Many people wish to get into property investment but you first need to understand whether or not it is good for you. Check your skillset first before entering the industry. You have to be able to free up the time to be able to follow through with a deal. You have got to have the mindset and a small network of people that will help you add value to properties.   The worst advice you could ever listen to would be in property investment would be “go big or go home”. That is the kind of advice that sinks ships. You have got to be more careful and understand that this is a cyclical market that goes up and down.   Think about the four E’s. Your ego and your emotions are two things that can sink your ship. Your ego can get too big and your emotions can get involved allowing you to get lost in a deal. Then there is the Economy and Events. The economics of today is not necessarily what they’re going to be in a year. Unanticipated events such as Covid-19 has huge effects on the world economy as well as the property industry.   BEST MOMENTS “I had what was called ‘normalcy bias.” “ When you start making money so quickly you begin to quickly think ‘how can I spend it?’” “It was like death by a thousand cuts.” “That is a really difficult thing to accept.” “Start with the end in mind.”   VALUABLE RESOURCES 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/   ABOUT THE GUEST Gavin has been a property investor and developer for over twenty years. He has experienced two major recessions and has a feeling we are about to enter a third. Gavin got caught badly in the 2008 Global Financial Crisis and spent the better part of a decade in damage control and paying off debt. The collateral damage from being careless and over-leveraged taught Gavin some powerful and often painful lessons. Today he is motivated to share these experiences with others in the hope he can elevate their game, shape their investing habits and help avoid some of the mistakes he made.   Contact: Website: https://about.me/gavinjgallagher LinkedIn: https://www.linkedin.com/in/gavinjgallagher/ Twitter: @GavinGallagher1  See omnystudio.com/listener for privacy information.

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Discover today how one man went from amatuer to professional property investor overnight! Kevin is joined by Ranjit, just one of Progressive Property’s many success stories. Ranjit shares his journey to success using the VIP programme and together they discuss how slow and steady wins the race, the benefits of the VIP programme and how you should always remember to enjoy the journey.   KEY TAKEAWAYS Many people go into property thinking they are going to get rich quickly, however this is not that case and many people soon realise that. When the deals are there the money will come, slow and steady every little bit helps.   In the VIP programme at Progressive Property, you will receive one to one mentoring. As well as this you can attend a ‘deal clinic’ meaning you can go on stage and share about a property deal you have got and all the other members of the VIP programme can give you advice on how to go forward with that deal. They can also offer funding for that property deal and enter a JV partnership with you.   The sweet spot for HMOs in 4-6 bedrooms. Anymore than this then you start getting into planning permission requirements. When you go into 7+ bedrooms, professionals do not necessarily want to live there. It is likely that a HMo with more than 7 bedrooms will attract a lower demographic tenant type.   The knowledge you gain on the VIP programmes is invaluable. Having the education behind you ensures that you will avoid making costly mistakes. You will also have the opportunity to make long lasting friends who can help and advise you along your property journey. Whist free education is good, there comes a time where paying for it will give you a huge advantage in your industry. You can either pay for it and learn from the mistakes of others, or learn from your own mistakes by going it alone.   Life has its ups and downs, there could be a grand opportunity right around the corner. Do small but high quality projects, often and you will get results. Make sure to enjoy the journey along the way with your business partner and those who you meet along the way.   Learn the basics slowly, take a bit of time to learn the basics so you have a good grounding before you decide to jump straight into it. Focus on one thing and do that really well. That focus will help you reach your goals. There will always be something that appears to be bigger and better, avoid that distraction and focus on one thing at a time.   BEST MOMENTS “I had never heard of HMO’s, but I soon realised that I had lived in one.” “At VIP you get mentored one to one.” “Get as much free education as you can, but there comes a point where you have got to pay your cost of entry.” “At the pace of the tortoise not the hare.”     Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   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/See omnystudio.com/listener for privacy information.

Discover everything you need to know about property bonds in today’s informative podcast with your host Kevin McDonnell. Today Kevin details exactly what a property bond is and how it can benefit you. He discusses the typical length of the agreement, the security that property bonds can offer and how they can help create a secure and healthy rate of interest.   KEY TAKEAWAYS Also known as property investment bonds, property bonds are a way for developers to raise funds from investors. The main aim is to finance the initial stages of a building development. When a residential or commercial development is proposed, the property bond forms a legally binding agreement between the development company and those investing in the property.   Whether you’re the development company, or the person wanting to invest in the company, you have a legally binding agreement to protect those funds. What most often occurs is that capital is provided in the form of a loan to the development company and this is backed by a contract between both parties that details exactly how the funds will be used, how it will be repaid and how the capital is to be secured.   The length of the agreement is typically between 2-5 years. Most developments take at least 2 years and potentially up to 5 years to complete however there is no actual length for the agreement. Many people wouldn't want their funds tied up for much longer than this time frame. If you’re the person lending the money via the property bond then you are paid interest on that money plus the capital you lend, returned to you at the end of the development   Anybody who is looking to diversify and spread their money across various different asset classes, then property bonds are certainly something you should consider. The returns can be significantly higher than other dividend paying investment schemes. Just like any other system, property bonds come with risks so you need to know what you are doing.   Investing in property bonds is a great way of creating a passive income at a healthy rate of interest. It is one of the most secure property investment schemes around.   BEST MOMENTS “Security is key in any development. How are you going to secure your money?” “Property bonds can be very appealing as they offer a healthy level of fixed annual interest.” “The security that a legal charge provides to people investing property is considerable. As far as the property market is concerned you will struggle to find anything that offers more in terms of peace of mind.”   VALUABLE RESOURCES 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.uSee omnystudio.com/listener for privacy information.

Today, Kevin is joined by Progressive Property success story Tania who shares her inspirational story of how she managed to build up a six figure property business in one year whilst working as a doctor and a full time mum. Together they discuss the advantages of serviced accommodation, why it is imperative to your new venture to surround yourself with people who share the same success mindset as you and why those who say they just don’t have the time, are using it as an excuse!   KEY TAKEAWAYS Service accommodation is a hospitality business as well as a property business where you provide short term accommodation to people in your area. These people may be there for work, corporate contractors or for leisure and tourism. Rent to SA is where you use other people's properties to do the same thing, with their permission.   The mastermind programme can be instrumental in being able to uplevel your network. It can also allow you to surround yourself with people of a similar success mindset who are pushing themselves continuously out of their comfort zones.    Those people who say that they don’t have time to commit to being a property investor are using that as an excuse. There are other people who have come from far worse off circumstances with much less time than others, who have created success for themselves. Those people also have the same amount of time in the 24 hours that anyone else has. If they can do it then there is no reason why you cannot.   It is all about desire and how much you want to achieve something. It is hard to nurture that mindset on your own which is why it is so valid to be in a mastermind programme as you are constantly surrounded by people who think similarly to you. Many people in the programmes are a few steps ahead of you and thriving, this gives you the motivation to keep pushing forward.   BEST MOMENTS “I always felt like I was meant for more.” “They are really powerful strategies to create cash from property.” “In the first year, I built it up to a six figure business.”   VALUABLE RESOURCES https://kevinmcdonnell.co.uk https://www.progressiveproperty.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/See omnystudio.com/listener for privacy information.

There have been many predictions of market crashes, recessions and a great depression looming in the next few years and many people have been anxiously awaiting Chancellor Rishi Sunak’s 2021 budget briefing. Join Mark today as he depicts the budget and explains what this means for  you. Mark discusses the freeze of the nil rate allowance, the increase of cooperation tax to 25% and the end of the bounceback schemes.   KEY TAKEAWAYS It is going to take a while for the economy to recover. The first thing the chancellor Rishi Sunak has said is that there will be no increase on income tax, national insurance or VAT, however he will freeze the nil rate allowance which typically rises every year. He will also freeze the top tax rate. These strategies are a slightly less visible way of taking the money back, and it does not happen straight away.   Many people thought that the capital gains tax rates would go up however Rishi stayed silent on this matter. Rishi also confirmed that he would not change the inheritance tax allowance and would not change the pension lifetime limit which is £1million.   Unlike reports of cooperation tax going up to 23% he is going to raise the rates to 25%. This rise will not be seen until 2023. The current rate is 19% and many people will notice the 6% rise significantly. Smaller companies with less than £50,000 will still pay 19% and inbetween £50,000 and £250,000 you will pay between 19%-25% depending on how much the company makes in that tax year.   At the end of March when the bounceback loans end there is going to be a new loans scheme where the government is going to guarantee 80% of the loan. The business rates holiday will continue until the end of June with a tapered reduction and the 5% reduced rate of VAT is extended until the 30th September with a 12.5% rate until mid next year.   The big news in the property world is the stamp duty holiday extension. This and the 90% mortgage guarantee will support the lower end of the property market. With all the government support it seems less likely that the market will crash.   All the schemes have given consumers a lot of savings to spend, there is a huge amount of money in savings accounts and as the economy opens up, they are going to go and spend that money and there is likely to be some inflation. As inflation picks up, you could see inflation rise by 3%-5%.   BEST MOMENTS “It is probably an even bigger hit since world war 2 with the amount the economy has shrunk.” “That was quite a surprise, in many ways quite dove like, not particularly harsh.” “Loads of people have cash in their pockets.”   VALUABLE RESOURCES https://www.progressiveproperty.co.uk ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. CONTACT METHOD   Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressiveSee omnystudio.com/listener for privacy information.

McDonnell Mondays are back! After a brief hiatus you host Kevin is back with his much loved series McDonnell Mondays where he gives you the chance to ask him all things property. In today's episode Kevin discusses why not to listen to those advising to steer clear of London investments, why the ‘tenant buyer’ strategy is the most hands free of them all and how to sort the good builders from the bad.    KEY TAKEAWAYS    Over the last few months, people have started the question if it is wise to invest in London, given the way of the world. That is because the masses are questioning London. Observe the masses, and do the opposite. Interest rates are going to drop to negative, so there has probably never been a better time in history to raise money to help invest in properties.    Many people would consider single lets the most ‘hands free’ strategy. However with single lets you often have the management, the maintenance, the voids and the inspections. With a tenant buyer, it is completely hands free strategy. You don’t need a letting agent or a maintenance team and you can do it remotely as it is completely outsourced to the tenant buyer.    If you're setting up a limited company, you should be putting  a personal loan into that company. When running a limited company you need to ensure you get a property tax accountant . Everything from mobile phones to office supplies can be put through the company as company property rather than putting it through your own name.    If you ring a builder up and he says he can come tomorrow, they’re likely a bad builder. The good builders are always busy. The moment you get a property agreed, you need to find a builder. You will get the keys anywhere between 4-8 weeks after the agreement, leaving it until then to find a good builder will cost you.    You need two years of company accounts in order to qualify for mortgages in your company name. You can start by doing rent to rent and lease options in order to build up your accounts.    Many people want to quit their jobs to become property investors. The reality is, you do not need to quit your job.Managing your time is a better step than quitting your job. You have got plenty  of time to do property in your spare time, if you are smarter with your free time.  Aim to quit your job later but first you should build up cash flow and passive income.    If you are just starting out and do not have the funds or knowledge to invest in property yet, it is a good idea to go and work for an investor and offer to work for free. Find the big player in your area and ask how you can help them. They will give you some work to do and you will learn from their expertise.    BEST MOMENTS “Raising money has never been easier” “You don’t find it difficult to raise money, you find it difficult to try, you find it difficult to ask.” “Quitting your job is not the route to success.” “If you give, you will receive.” VALUABLE RESOURCES 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/See omnystudio.com/listener for privacy information.

In today’s episode, Kevin gives an update on what he’s been up to recently, current opportunities and hosts a question and answer session to help members of the community with any of their property challenges. He advises listeners on various ways of raising money for their property investing with in depth details of the different options, strategies to use during Covid-19 and tips on rent to own, rent to rent and how to start building a ‘power team’. KEY TAKEAWAYS A lot of people are saying that property in London could now be dropping in price, this hasn’t been the case for many years. Consider doing the opposite of what the masses are doing and perhaps think of investing in this location.   In terms of raising money for property investments, there are various ways of doing this and there’s never been a better time with interest rates being so low. Reach out to people, let them know you’re in the property business. Joint ventures, banks, private finance and bridging loans are all ways of raising money. Bridging is the most expensive way of raising funds, more suitable for commercial properties and HMO’s and private funding is probably the best way as there are no upfront costs.   There is a huge demand for rent to own currently and there are big benefits to this. As a landlord you have no maintenance, no management costs and you’re helping someone become a home owner. It can work in any part of the country and is the most hands free strategy, which can be done remotely.     Don’t state the rent and terms for a rent to own when advertising. Try and be deliberately vague. A lot of potential applicants will just read the ‘rent’ part of an advert or won’t be eligible, for example if they can’t afford it or are on universal credit, but this is still a great way of building up your tenant database.   Covid shouldn’t be a reason to alter your plans and strategies. The world and business is still moving forward. There is still a housing shortage and people still need homes. One thing you can alter slightly is changing from guaranteed rent to offering landlords profit share agreements. It’s risky offering guaranteed rent without knowing when the pandemic will end and when furlough will end. Remember to market in the right places and in multiple places.   Depending on your personal circumstances, you’re probably better putting everything into a limited company rather than paying personal tax. You’ll have limited liability and it’s a better strategy long term as you can pass shares on, sell shares etc.  However, the best advice is to get yourself a property tax accountant.   If you’re trying to build a ‘Power Team’ let people know where you’re based and what you’re looking for and start to build your team around that area. Remember to use your name, property is a people business.   If you’re a young person trying to get into property with no funds or income, try to get a job working for somebody who is already in the property business. Don’t do the obvious thing and get a job in a letting or estate agent, most don’t buy property and they won’t teach you how to become an investor.   BEST MOMENTS ‘If the taxi driver in New York says to you ‘which stocks to buy’ then you need to get out of that stock immediately because if the man on the street knows what stock to buy, you’re too late to the show’ ‘Observe the masses, do the opposite’ ‘Property is a people business’ ‘You’re not going to learn about property working in an Estate Agent’   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   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/    See omnystudio.com/listener for privacy information.

Rob and Mark discuss one of the most exciting ways to invest. Join them both as they tell you all you need to know about investing with little or no money. They discuss rent to rent property deals, how to master No Money down as well as how to source the best JV partnerships.   KEY TAKEAWAYS   One way to get into property investments without deposits is by agreeing a deal with the owner, exchange contracts and complete the deal in ten years time. Similarly you could do a rent to rent with an option to purchase. You could also turn the property into a serviced accommodation, where you rent the property by the night and you end up taking the differential layer.   The big area where many people start with little or no money in property is within a joint venture (JV) partnership. You bring somebody in who has the money and combine that with your experience and you can find your property deals together.   It is possible to do ‘no money down’, whilst there may be costs such as legal fees, these could be rolled into the JV deal that you do with the person who's financing the deal. If you get a loan, make sure those costs are included in the loan.   Being creative, innovative and resourceful are all ways that you can bypass needing cash. If you can learn to leverage some of the tools and the tricks that you have learnt, you can also bypass having to hire a large workforce.   The easiest way to structure a JV partnership is to have someone put all the money in without a mortgage (this is easier and quicker) and then someone else does all the work. This is the easiest way to split it down the line. There are a lot of people who want to be hands off investors and JV with experienced people.   Join all the social media groups, get seen and known on all social media platforms as this is the modern form of physical networking. Start a podcast and interview people who you know have money to help build up your contacts list.   BEST MOMENTS “If you can provide value to people as an individual you will be rewarded for that.”   “Essentially you are going into a deal with none of your own money.”   “The reality is, everyone that has had a brilliant mentor will say that it wasn't one or two things it was 1000 tiny little things that they taught me.”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter         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 the 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 Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 See omnystudio.com/listener for privacy information.  See omnystudio.com/listener for privacy information.

Join your host Kevin as he discusses everything that’s been happening in the property industry this week as well as news from the progressive property community. Today Kevin discusses how the rise in staycation popularity  is likely to see an influx of holiday let investments, how low interest rates have further proven why property is a great investment choice and why diversity within a property portfolio can lower the investment risks.    KEY TAKEAWAYS  Property News: Landlord Today described six reasons why the staycation sector may be a good bet for property investors, despite recent lockdowns restricting tourist travel and hitting owners' income. The growth of staycations means the holiday let sector is now a potentially long term investment opportunity.    For holiday let properties considered a furnished holiday let that is let 105 days or more a year, there are allowances and tax reliefs. You can deduct costs such as mortgage interest and letting agency fees from pre tax profit and there may also be tax advantages for kitting out a property.    As a furnished holiday let owner, you will need to register for business rates which are generally cheaper than council tax. Holiday lets are a low risk strategy, with payments upfront there is no financial risk of non payments compared to long lets because the guest pays before they stay.    There are several reasons why investing in property this year is a good idea. Firstly, in a bid to restore the economy interest rates have dropped as low as 0.1% to encourage both consumer borrowing and spending. Secondly, if 2020 has taught us anything it is the resilience of certain investment assets over others that has delivered the returns, and nothing is better than property for that.    Having a variety of assets means investment risk is significantly lowered. We have consistently seen that single assets do not match the performance of a diverse and well balanced portfolio. In property, diversification can be achieved with a single asset. One portfolio could include different types of property or include the same property in different areas, or both.     Progressive Community: If you get a builder to do a job, agree upfront when he is going to get paid. Speak to the builders before they carry out the work for you and ask them when they would like to get paid. Ensure that you deliver on that time so that you continue to work in harmony together.    BEST MOMENTS  “An investment you can enjoy. Owners can stay in their property as well as letting them at other times.”   “Owners are seeing returns of between 4%-6% after costs.”   “Property will be the best investment for 2021” SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/  See omnystudio.com/listener for privacy information.

The world is an uncertain place right now and with nobody being able to predict the future it begs the question, where should I put my money? Join founders of Progressive Property Rob Moore and Mark Homer as they discuss how best to invest £1 million. Discover how you’re able to snap up hotels in the current market, the best watches to invest in and high risk crypto currency strategies.   Key Takeaways  Become really interested and passionate about what you are potentially investing in. Become knowledgeable about a particular class and stick with that when investing. If you are aiming to make serious amounts of money through this platform, then you will likely need to become a professional in this niche.    If you want to make a large amount of money fast, the best way to do that would be to invest into a business and become really good at it. Secondly, put your money into property that is well leveraged as that will always do better than investing in cars, watches etc.    Out of £1million pound it is wise to hold 10%-20% back in cash as a contingency. Max your government ISA out every year by placing £20,000 into it.    Property: Due to the current pandemic there are many hotels sitting empty waiting for investment. If there aren't deals there now, there will be very shortly. There will be many opportunities within the hotel industry to either re-open to guests in the summer months or to convert the hotel into something else.    Things to consider if looking to invest into a hotel are: Where is it? What is it? And What is the occupancy? Occupancy in both HMO’s and Hotels is everything. If it is running at 70% full, that is all your profit gone and it is then running at a loss.    You can invest in different property strategies such as buy to let, single lets and HMOs. You have got to become knowledgeable about all of them in order to become successful in these fields. Focus on one or two of these at a time. Over time try to diversify into a few classes of properties.    Assets: When investing in watches, cars or art try to ensure that you invest in products that are limited edition or where there was only a small amount produced. Rolex, Patek Phillipe and Richard Mille are the three watch models that are strong in the market currently.    New petrol and diesel vehicles will not be available from 2030 according to the government. Theoretically speaking existing petrol and diesel cars will go up in value as they become rarer to buy. There will likely be less service stations to purchase petrol and diesel however it is unlikely that they will be impossible to run.    As long as you buy right, investment into classic cars is a good place to park your money and enjoy it at the same time. Whilst it may go up in value, it probably won’t make much profit. What you should be aiming for is to have something that doesn’t go down in value.   Stocks:   You could invest a small amount of your £1 million into a higher risk strategy such as crypto currency or EIS schemes. They are very high risk and can drop to be worth nothing however there are big tax benefits to doing this. Best Moments  “I think it has surprised a lot of us at how aboyant it's been.” “The world is in a completely different place. We don’t know when this ends.” “When the next recession comes along we do not know what is going to cause it. This one was caused by a virus and the previous one was caused by a banking crisis.” “Over time try and diversify into a few use classes in property.” “All of those could be good, all of those could be rubbish.”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties. 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 the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur   CONTACT METHOD Email: Markhomer@progressiveproperty.co.uk LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979See omnystudio.com/listener for privacy information.

Kevin McDonnell keeps you in the know this week as he discusses this week's hot topics in the property world. Kevin talks through  the government's new ‘pet friendly’ tenancy contract initiative which will see all landlords being obliged to rent to tenants with ‘well behaved’ pets and whether or not landlords should continue to invest in urban areas. Kevin also looks at news within the progressive property community which looks at which bank to secure a limited company account with.   KEY TAKEAWAYS Property News: In a recent report by ‘Landlord Today’, , they discussed how the government wants to introduce pet friendly tenancy contracts as standard. The new agreement means that renters with what are described as ‘well behaved pets’ will be able to secure tenancies easier.   Landlords will no longer be able to issue blanket bans on pets, instead consent for pets will be the default position. The landlords will have to object in writing within 28 days of a written pet request from a tenant and provide a good enough reason. The reasoning behind this introduction is that the government says currently just 7% of private landlords advertise for pet friends properties meaning many people with pets struggle to find suitable homes.   There has been a lot of talk of people buying properties away from cities due to COVID-19. Long term you want to be buying in the bigger towns or cities. It all comes back to supply and demand, if you’re buying a house in the middle of the county you are going to struggle to buy a tenant for that property. Nearly 7/10 landlords will continue to target property in urban areas.   Mortgage Works has now announced that they are launching new limited company mortgages targeting the growing number of incorporated ‘buy to let’ landlords. The new rates at 75% loan to value (are also available for new mortgages) are two year fixed rates currently at 3.34%. The more lenders that start to come into limited companies, the more competitive it will be, which is great for landlords.   Progressive Property: A property has added a £146,500 increase in value due to the adding of a second bedroom. The property was purchased as a one bedroom flat for £303,500 and then converted part of the kitchen into a second bedroom which increased the value of the property.   The reality is during the middle of COVID-19 it is very difficult to get a bank account with many banks. The banks are worried that you are just trying to receive the bounceback loan from the government. Once the bounceback loans opportunity closes, you will see banks will begin to allow you to open up their bank account again.   Longterm, the best bank to have a limited company account with is probably Natwest or Lloyds. These two banks are both lenders who lend in commercial finance at a very good rate.     BEST MOMENTS “How do you describe a well behaved pet?” “The reality is, it is mainly homeowners that are looking to buy outside the cities.” “68% are looking to buy in urban areas despite the coronavirus countryside craze.” “These rates will change if you’re listening to this in the future.” “A lot more people should be looking at that strategy.”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/  See omnystudio.com/listener for privacy information.

Kevin is joined by just two of Progressive Properties successful students Alex and Kate Moyes, today they discuss their journey on purchasing and renovating their first buy to let property. Together they discuss the knowledge gained on their first deal, the importance of being honest about our experience with your investors and why the property market is the best way to invest your money.   KEY TAKEAWAYS Many people focus on the money they make on their property deals. The money is good, but knowledge and experience you have gained from doing the project is priceless.   Good tradespeople are not typically available. You are going to have to wait for them to finish another project before you can get them involved. The earlier you secure them the better. The minute you have your deal agreed you should get your tradespeople lined up. Ask your agent or vendor if you are able to show the tradespeople around before completion.   You don’t need to have loads of experience in property. You need to be yourself and you will become investable. There will be people out there that will fund your deals because they trust in you.   You are significantly better off investing in property than you are investing in the stock market. Whilst you can get 8% returns on investment in the stock market, you cannot leverage in like you can with property investments. Overall you will make more profit investing in property than you will in stocks and shares.   BEST MOMENTS “It has been our playground. The ability to learn has been really powerful”   “What you want to happen the day after completion is not show tradespeople around, it is having them starting the work.”   “You made yourself be investable by being honest.”   “They know that I take it seriously because I am investing in myself.”   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/  See omnystudio.com/listener for privacy information.

Join your host property expert Kevin McDonnell as he discusses property news from around the UK and the Progressive Property Community. Kevin discusses a possible 6-month delay on new electrical safety standards, why the UK property market is always a safe place to invest in and how to spot a good business partner.   KEY TAKEAWAYS Property News: Lettings agents trade bodies have accused many local councils of being socially irresponsible and have called for a pause in the push to have new licensing for landlords brought into place. Safeagent wants a six-month delay on new electrical safety standards being introduced for existing tenancies pushing the deadline out from 1st April until 1st October. There are an estimated 4.5 million households that need these electrical reports carried out. The government has been slammed for missing out Landlords in proposals for new energy efficiency regulations. Property Mark has given its formal response to a consultation triggered by the government about the energy performance of privately rented homes in England and Wales. The new EPC regulations would require all new tenets from April 2025 to meet band C or higher on the energy performance certificate.   The UK property market was by far the standout success story of 2020. House prices experienced their highest pace of growth since 2015, finally ending 4 years of Brexit related price stagnation. The one great thing about property is the fact that it is a stable market. It is supply and demand, house prices have always gone up and until the supply and demand issue is sorted house prices will continue to grow.   Progressive Community:   When choosing a business partner, look closely at their attitude and behaviours before you jump into a business deal with them. Red flag behaviour is a sign of things to come. You need to be very careful of who you chose as a business partner. It is very easy to get into a relationship in business but it is getting out of that relationship that can cause challenges later. Make sure you always have your contracts drawn up legally to protect both you and the other partner.   BEST MOMENTS “I feel the government needs to push this back until October as it makes no sense.”   “Either way it is something that you need planning into your business.”   “Whatever happens in this country we cannot deny that we like on a small island where the population is getting bigger and bigger and we’re not building enough houses.”   “Brexit or not, pandemic or not there is a demand for houses in the UK”       SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic CarsWatch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTVListen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/See omnystudio.com/listener for privacy information.

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Keep yourself up to date with all things property by joining your host and property expert Kevin. Kevin discusses the new announcement by the government whereby section 21 is being abolished and looks at what should be put in place to help protect landlords going forward. He also takes a look at the best Universities for rental yield and what’s been going on this week in the Progressive Property Community.   KEY TAKEAWAYS Property News: The government has said that the Renters Reform Bill will be in very soon. The government will introduce the controversial bill soon, this is the bill that will abolish section 21 rights for Landlords. Section 21 currently allows landlords to remove tenants for no fault other than wanting to get your house back.   There is lots of research to discuss what can be done to replace section 21. Section 8 doesn’t currently allow for no-fault eviction. There needs to be something to replace section 21 that would make it easier for a landlord to evict a tenant that’s causing damage to the property or who is not paying their rent.   The University Of Southampton is currently the UK’s best buy to let University at present according to the figures. Southampton is a great area to do student HMO’s. Southampton has a current average house price of £226,489 whilst the current average rent sits at £1688 per month. A buy to let in the University postcode has a rental yield of 7.4%.   Other Universities in the top 10 for rental yield were Nottingham, Newcastle, Warwick, Cardiff, Leicester and Kent. Many landlords have seen their rental income come down during the pandemic. Despite the current landscape, demand for student accommodation remains high across the country.   Progressive Community: Real-life property deals as a Progressive Property member has secured their first rent to rent deal during Covid. The member took on a four-bedroom flat on a five-year lease at £1100 PCM. The deal returns £2585 PCM with £1000 PCM profit.   BEST MOMENTS “There needs to be something different that will balance both sides. At the moment it’s very much weighed against the landlord and for the tenant.”   “Many focus on their study plans with an eye on life after the pandemic.”   “They installed a piano above the cooker and the hob!”     SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic CarsWatch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTVListen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes 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/    See omnystudio.com/listener for privacy information.