164 episodios

The Progressive Property Podcast helps you make smarter property & real estate investments, for leveraged property success & financial freedom, even with little or no money down. Whether you're a buy & hold investor, flipper, deal packager, multi-letter, want to get started, scale up, systemise or create multiple streams of property income, the Progressive Property Podcast will save you time & mistakes & help grow your knowledge, skills, & confidence. No fluff or filler, no ads and deep-dive real life information from real-deal investors who have some of the UKs largest portfolios. Interviews with millionaires, billionaires & successful real life Progressive Property community members will help you build your income generating portfolio in less time. Invest for freedom, choice & profit.

The Progressive Property Podcast Kevin McDonnell

    • Inversión

The Progressive Property Podcast helps you make smarter property & real estate investments, for leveraged property success & financial freedom, even with little or no money down. Whether you're a buy & hold investor, flipper, deal packager, multi-letter, want to get started, scale up, systemise or create multiple streams of property income, the Progressive Property Podcast will save you time & mistakes & help grow your knowledge, skills, & confidence. No fluff or filler, no ads and deep-dive real life information from real-deal investors who have some of the UKs largest portfolios. Interviews with millionaires, billionaires & successful real life Progressive Property community members will help you build your income generating portfolio in less time. Invest for freedom, choice & profit.

    Lessons I Learned From Mark Homer: Save & Never Touch

    Lessons I Learned From Mark Homer: Save & Never Touch

    In Part 4 of Progressive Properties One-off Bonus series, Rob continues to share the essential lessons learned from 14 years of business with property expert and awesome business partner, Mark Homer.

     

    Tune in to hear Marks moe contrarian business lessons that can super-charge your business and help build your wealth. Understand the value in knowing your enemy, how to merge social with business, why it’s essential to plan for every scenario, the reasons behind why cash is king and how you too, can pivot quickly and always be flexible.

     

    KEY TAKEAWAYS

    Lessons Learned From Mark Homer

     
    Knowing your enemy - Be friends with your enemy, know what they’re doing and obsess over the competition. Learn from them, understand how they’re dominating the marketplace and take from them what you can to improve your business and brand.

     
    Suppliers will lure you in with a price - Aim to constantly review, renegotiate and challenge your suppliers in your business, property developments and joint-ventures. It’s important to view money-making decisions and money-saving decisions in the long-term.

     
    People make claims and predictions all of the time - And you can benefit from listening and learning from these claims if you make a note to check the claim in a year’s time.

     
    Never tell people when you’re coming back from holiday - If you never tell people when you’re back you can get on top of your work, stay on top of your work-life balance and be better prepared for when your staff knows you’re back.

     
    Merge social and business - Merging social occasions and business meetings/opportunities is a great way to do business, especially if you’re surrounding yourself with other like-minded business individuals.

     
    Buy, rent or lease - It’s important when making the decision to buy, rent or lease to consider the total depreciation cost. If you’re looking at purchasing a car you must look at all of the costs, future values, maintenance costs, and comparative pricing.

     
    Always plan worst case, best case, and likely case scenarios - It’s essential to plan for every situation and outcome when planning a business deal or securing a property deal so always plan every scenario so that you’re prepared for every outcome both financially and mentally.

     
    Aim to have the lowest fixed overhead that you can - It’s okay to have higher variable costs as long as you have low fixed costs because that’s your bottom line and you need to account for these every month.

     
    Pivot quickly and always be flexible - If you’re a lean business you can reduce costs quickly and react to business situations easier and more effectively.

     
    SANT (Save & Never Touch) - It’s important to have money/savings that you never touch in order to be prepared for irregular stocks. The aim is to save up enough capital so that you live off the compounding interest.

     
    Track the money months. - Aim to track the number of money that you can live off of just the capital. The mindset is to understand if you don’t earn anything...how long can you live?

    36. Diversify your assets - Always secure assets that appreciate in value so that you’re always growing and your income and wealth are always increasing. Target art, watches, gold, stocks and precious metals that can increase in capital worth overtime.

     
    There are not many good consultants and only a few great ones - It’s essential to have a great project manager and planning consultant and once you find them, keep them. Hiring people is basically luck and it can take time to find the best people for the job.

     
    Protect your credit file with your life - Never miss a payment, never default and stay organised.

     
    Cash is king, not trash - It’s important to stay liquid and have cash or assets that can be liquated easily so that if the markets change you’re ready and you can take opportun

    • 24 min
    Lessons I Learned From Mark Homer! Know Your Enemy

    Lessons I Learned From Mark Homer! Know Your Enemy

    In Part 3 of Progressive Properties One-off Bonus series, Rob celebrates more lessons learned from Mark Homer. Get the fast-track knowledge from over 14-years of successful business, property and wealth. Learn about longevity, consistency, and compounding focus and wealth. Discover the value in consistency, self-insurance, and absolute clarity and accuracy. Understand the need for leveraging your tax-free allowances, planning your contingencies and keeping everything on file in this revealing episode.

     

    KEY TAKEAWAYS

    Lessons Learned From Mark Homer

     

    14. Mark believes in longevity, consistency, and compounding. Consistent action over a long period of time will generate vast, lasting and deep-routed compounding wealth. Don’t concern yourself with big and loud competitors in your marketplace because they won’t be there long. Slow and steady wins the race and consistency is key.

    15. Accuracy is very important in business. Take the right amount of time to be specific and accurate in anything that you’re doing and what you say and what you do. You must be happy with what you post, what you claim and what you propose in everything that you do.

     

    16. Only listen to those that have been there and done it. Free advice is worth every penny

     

    17. Believe in self-insurance by having an account that over-time becomes its own insurance pot. Begin by putting the amount of money you would pay for insurance in a separate account as a safety fund.

    18. You must have a bigger contingency than you think that you need. Mark has multiple bank accounts for every scenario, for irregular shocks, for save and never touch, for VAT and for expenses. Saving money away will compound and prepare you for every situation.

    19. Aim to get multiple quotes for every job. For builders, boilers, contractors, car insurance, refurbs, building projects and everything in between. Suppliers tend to quote low and then bump them up over time, so you need to stay vigilant and look after the pennies so that the pound looks after itself.  

    20. Always hold back the last payment for any refurb or contract work on your properties to ensure that the job is done to the standard agreed. As soon as you’re up-to-date with payments people get lazy.

    21. Mark believes in absolute clarity and absolute detail. The devil is in the detail and this definitely applies to contract joint-venture partnerships and agreements.

    22. Aim to keep a file on everything and every one of anyone that you work with. You may need it down the line and may need to recall it in a certain situation. Remain organised wit accurate information that can serve you.

    23. Leverage and maximise all of the tax-free and tax-saving allowances that you have as property investors and entrepreneurs. Look to max out your ISA, leverage your entrepreneur’s relief and capital allowances in commercial projects. Research and investigate what you do not need to pay because you don’t know what you don’t know.

    24. Surround yourself with a great tax advisor, accountant and everyone that is very knowledgable with tax and it can save you hundreds of thousands of pounds in the long run. Hire specialised in the right areas that you’re operating in.

    25. Know your enemy! (Covered in Part 4)

    BEST MOMENTS

    “Mark is a very private person and drives a lot of what happens at Progressive“

    “Mark and I partner on everything, we split everything 50/50”

    “Stay on one course until you’re successful”

    “Mark believes in longevity, consistency, and compounding”

    “Learn from those that have been there and done it”

     

    VALUABLE RESOURCES

    https://robmoore.com/

     

    ABOUT THE HOST

    Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world reco

    • 17 min
    Lessons I Learned From Mark Homer! Every Pound is a Prisoner

    Lessons I Learned From Mark Homer! Every Pound is a Prisoner

    In Part 2 of Progressive Properties One-off Bonus series with Rob Moore, discover more lessons learned from 14-years of business with Mark Homer. Learn the insider secrets to property investment, why it’s important to look after your costs and manage your capital, why evolution is more beneficial than evolution and why focusing on your market will bring you compounding and consistent wealth. Tune in for more never-heard-before property and business lessons from expert and entrepreneur, Mark Homer.

     

    KEY TAKEAWAYS

    Lessons Learned From Mark Homer

     

    6. Don’t buy overseas, don’t buy off-plan and don’t buy new builds. Always buys local, older and existing properties. Mark tested overseas properties himself and knows they do not work as well and you cannot take the numbers on a spreadsheet with projected figures as fact. You need to test, measure and get proof of property strategies before scaling up to another bigger strategy.

    7. Every pound is a prisoner - You make more by saving a pound than you do by making a pound because when you make a pound you’ve paid the tax, charges and a host of costs to obtain that pound and the net value of a made pound is a lot less than a pound saved. You must preserve capital at all costs and only purchase assets that appreciate in value and generate and income which in turn you can spend on your business, but never spend the capital.

     

    8. Things cost more, take longer and are harder when you’re in the inexperienced phase of business. So it’s important to understand the maximum exposure and maximum risk in any deal and planning accordingly with best, worse and likely case analysis.

    9. Trust but verify first both in deals and in relationships and partnerships. Do random spot checks to better understand the trust in your joint-ventures and the accountability of your relationship. The key is to check and then check again.

    10. Saving tax and managing your expenses well is often more important than driving turnover. Aim to be careful with the amount of money you spend vs earned because a point saved is much more beneficial than a pound earned.

     

    11. You can make money in all property markets no matter the economic situation. There are creative strategies for a rising market (adding value) to a falling market (securing BMV deals) and in a stagnant market by changing the use of a property (residential to commercial).

     

    12. Never do refurbs too big or too soon. Aim to focus on the evolution of your property and where you can add value rather than the revolution.

     

    13. Often the business that you’re in is often the best route to success than changing careers or moving industries. Focus on what you’re already doing better and improve it rather than just doing something new. This will you a compounding positive effect on the industry you’re operating in. Consistency will bring you wealth in the end.

     

    BEST MOMENTS

    “Find other people who have been there and done it and learn from them”

    “If you want to learn how to do something well, find something who’s done it and learn from them, learn from their mistakes and don’t be a trailblazer”

    “Spend the income not the capital”

    “Mark is very persistent and he doesn’t take no for an answer”

    “Mark looks to build a deeply layered pyramid of wealth”

     

    VALUABLE RESOURCES

    https://robmoore.com/

     

    ABOUT THE HOST

    Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.

     

    “If you don't risk anything, you risk everything”

     

    CONTACT METHOD

     

    Facebook - https://www.facebook.com/robmooreprogressive/?ref=br

    • 19 min
    Lessons I Learned From Mark Homer: Stability, Longevity and Security

    Lessons I Learned From Mark Homer: Stability, Longevity and Security

    Welcome to a special Progressive Property Bonus series with Co-Founder Rob Moore. In this unique series, Rob shares with you something new and completely different. Over the next few episodes, Rob will be revealing the lessons learned from property expert, mentor, and partner, Mark Homer. Tune in to discover never-heard-before insights from over 14 years of business with Mark. Hear advice, lessons and behind the scenes insights on property, business, finance, and joint-ventures. Listen to part 1 of this special bonus series today.

     

    KEY TAKEAWAYS

     
    Much of the stability, longevity, and security or our wealth and Progressive’s success is Mark. He’s an unsung hero and I don’t know anyone who knows more about property in UK than Mark Homer.
    Sometimes people jump into joint-venture partnerships too soon they don’t do enough due diligence and the partnership ends up breaking down. The odd few people trust to quickly and assume too much. Mark’s view is to ALWAYS test partnerships before getting into contracts and legalities. Do not rush it and make sure it works. Mark tested our partnership before we went into business and watched me work for 3 months before we started a joint-venture, so always test, observe, watch and do your due diligence.
    Watch and listen rather than to think and to act. You learn a lot more listening than you can by talking and where there is conflict and challenges it is better to sit and do nothing than to react emotionally.
    Mark is fiercely loyal and does all of the ‘dirty’ work behind the scenes that keeps Progressive going and keeps everyone including myself accountable. It’s important to hold your business to a high standard and keep your business secure behind the scenes, you may not get a lot of credit for this but it is essential to success and stability.
    You never know the real numbers of a property or a deal until you’ve been in it, owned it or done it for 6-12 months. Therefore it’s important to buy a small number of properties and to test strategies such as buy-to-let, HMO or serviced accommodation because you don’t know until you’ve been in it and seen the numbers for yourself. You need to judge the average net income, tenancy rates, and voids before you scale and you know it’s a success.
    You cannot master what you do not measure. Mark taught me to track my net-worth (net-assets minus total liabilities) It’s important to find out your net-position and every 3 months evaluate it. As a result, your net-worth will increase as a subconscious driver. Mark also routinely does worst case, best case, and likely case analysis to better understand the position of your assets and income.

     

    BEST MOMENTS

    “I’m very grateful and fortunate to be Mark Homers, business partner”

    “Observe potential partners intensely and do your research without telling them”

    “Don’t scale to quickly, only buy more and scale aggressively when you’ve got the systems and the proof that it works”

    “Always look an an assets minus sale costs”

     

    VALUABLE RESOURCES

    https://robmoore.com/

     

    ABOUT THE HOST

    Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.

     

    “If you don't risk anything, you risk everything”

     

    CONTACT METHOD

     

    Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs

    LinkedIn - https://uk.linkedin.com/in/robmoore1979

    • 27 min
    Where Did You Start & Where Are You Going? Dan Eaton; Former Royal Navy Communicator & S.A. Expert

    Where Did You Start & Where Are You Going? Dan Eaton; Former Royal Navy Communicator & S.A. Expert

    In today's episode, Kevin is joined by former Royal Navy communicator, corporate world project manager, Serviced Accommodation expert and Progressive Property VIP, Dan Eaton. Dan first attended a “Multiple Streams Of Property Income” event back in 2017 and since then has gone from strength to strength in the property industry and is now a full-time property developer and serviced accommodation provider. Listen in today as he describes his journey to success as well as providing top tips on how to make it in the property industry.  

     

    KEY TAKEAWAYS: 
    Tell us a little bit about what you were doing before you came to progressive?
    About 2 years ago, I came to progressive along with a friend. At the time I was a project manager in the corporate world, prior to that I had been in the Royal Navy for 10 years. 
    Before this had you ever invested in property before?
    No not at all, I had watched ‘Homes Under The Hammer” but I was always under the impression that you needed to have money to do property. 
    You attended the multiple streams of income event in 2017, what did you do off the back of that event?
    I signed up for some of the training courses that Progressive have to offer and I attended the masterclass and the serviced accommodation course. 
    You decided that you wanted to do serviced accommodation, how did you do it?
    In the training we learned about rent to serviced accommodation, meaning borrowing a house or accommodation from the landlord and using it for serviced accommodation. We then found some properties in Cheltenham that we could do that with and we went from there. 
    How critical do you think networking is to build your property business?
    It is absolutely essential. I met my business partner Andrew through networking, we took on his SA units. Then through other networking events, I’ve met others, the four of us are now in a partnership where we’re doing a six house new build. It is absolutely imperative. Two of my deals now are off-market deals, because of my contacts through networking. 
    What are your plans going forward?
    To be honest, it is more of the same. Our services accommodation is up and running, we have systemized a lot of that so I don’t spend much time with that. I do the commercial conversion side and development side and the next 12 months, is just more and more of the same. We want to take on more SA units, we want to take on more commercial conversions some used for services accommodation and some used as starter homes. 
    Why is the progressive property community so helpful?
    Coming from the commercial world where everybody is out for themselves, I couldn’t believe how helpful people were in the property industry. I think it stems from whoever started doing property in the past, they had been successful, decided to help some people out and decided to pay it forward and it built into this massive community. The market for property is so vast, there are hundreds and thousands of houses. There is enough out there for everyone and I think the property communityrealisethat and want to help.  
    What are your top tips for people who are interested in getting into property?
    Think about what it is that you want to achieve. 
    Think about how you are going to achieve it. 
    Start going networking and find people willing to help you.  
    Get the education to make sure you are doing it properly. Attending progressive property events to help gain knowledge of the industry.  
    Take action to implement. Join the VIP programme which will help keep you accountable. 
    What do you say to people wondering if they are capable of being successful in property?
    I would say ‘Yes you can be successful’, one thing I have learned is that you can achieve a lot of stuff, not necessarily straight away, but it is a simple process that you just need to follow. 

    BEST MOMENTS 

    “I was always under the im

    • 23 min
    Top tips for Refinancing!

    Top tips for Refinancing!

    Discover the top tips for refinancing your property, the dos, and don’ts of property, how to attract JV partners and the risks of refinancing with a mortgage. Tune in to learn how to maximise your profits and build your portfolio with the right property refinancing.

    KEY TAKEAWAYS:

    -You could purchase the property using yours or your JV partner’s cash, by borrowing money or by taking out a mortgage using a deposit.

    - There are some risks of refinancing with a mortgage. If you buy a property with a mortgage from a bank and you put down a deposit of 25% and have the remaining mortgage of 75% with the bank. If in six months’ time, you go to refinance that property with the same bank it is most likely that the bank will not value the property any higher than they gave you six months earlier.

    -What some people may risk doing, is to buy a property with a mortgage from one bank do a small refurb, six months’ time refinance with a different bank than who the initial mortgage was taken out with. That can work in terms of the refinance, but you run the risk of getting blacklisted by the first bank.

    - Mortgage lenders like to see you keeping the product with them. Therefore the smart and professional thing to do is to use cash or a loan to purchase the property, do the work and then six months later, refinance onto your first mortgage product, rather than moving from one lender to another.

    - When applying for a mortgage, it is vital that you get a mortgage broker. They are able to get approval done that you would otherwise not be able to get yourself. They have good relationships with certain lenders and know what sort of things that you need to have included in your application for the lenders to say yes to your loan.

    - When choosing a mortgage broker, it is important to choose one that understands buy to let property. It is important that you stick to the same broker, don’t mix and match every few months.

    - When the valuer turns up to value the property. Do not try and tell them what you think it is worth, however there are a number of things you can do to help you get the valuation to what you are looking for.
    Get pictures of the property before you do any refurbishments.
    Get pictures of the property in its worst possible condition.
    Get pictures the day the valuer comes to see the house.

     

    - This can help you to show them how you have added money from the purchase price. You showing his pictures from six months to today is one of the most important ways for you to help him come to  realize that the value is higher. 

    - Give them a copy of the tenancy agreement. He will base his valuation on a percentage of the rental income that you’re achieving for that property.

    - Include a schedule of the works that you have done to the property since you purchased it to show that there have been a lot of things done since you bought the house that have added value.

    -Look for properties online that have sold with a higher comparable as you’re looking for as a value for yours.

     

     

     

     

     

     

     

     

    BEST MOMENTS

    “The mortgage broker earns there money for you”

     

    “How is this property worth more money today than it was six months ago?”

     

    VALUABLE RESOURCES

    https://www.amazon.co.uk/No-Money-Down-Property-Investing/dp/1909846767

    https://www.youtube.com/watch?v=o8TZdualhcw

    https://robmoore.com/

    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/
    http://progressiveproperty.co.uk/

    • 13 min

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