The Progressive Property Podcast Progressive Channel

According to Forbes, house prices have declined at the fastest rate since 2009! In this episode, Toni looks through the housing price index (HPI) and identifies ways this may impact a property investor including the threats it poses as well as the many opportunities to be found.

KEY TAKEAWAYS 


What will be a struggle and threat to some property investors or homeowners could present an opportunity for the right property investment strategy.
Sometimes it can be better to pay a slightly higher interest rate rather than fixed rates as the stress test is lower.
Lenders still need people to borrow money, you will see this demonstrated in different deals.
We are at the end of a cycle and moving into another, this is the perfect time to buy. Prices are dropping now but prices will start to increase.
When you put the right tenants in your properties and have done the right affordability calculations and stress tests, you will always be in a good position as a landlord.

BEST MOMENTS  

“This is all indicating that there are opportunities”

“There is a clear north-south divide in prices”

“The stress tests were actually below the mortgage rate”

“While rents are increasing you’re going to get a fabulous cash flow”

VALUABLE RESOURCES

Looking for more? Download Mark Homer’s FREE 42 Tips Guide →

https://bit.ly/mhreport-yt

https://youtu.be/JDh3EQSgscQ

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
This show was brought to you by Progressive Media

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/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
This show was brought to you by Progressive Media

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/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
This show was brought to you by Progressive Media

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/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
This show was brought to you by Progressive Media

Nick Thorpe has been a mentor with the Progressive Academy for 8 years, having sourced over 450 properties of his own and building and exiting multiple businesses. Nick joins Toni to talk about the multiple property strategies he has used over the years, his biggest challenges and why he settled into the sector of student accommodation.

KEY TAKEAWAYS 


One of Nick’s most challenging projects was his first development, converting properties in Brighton into HMO. He was living in Leeds at the time so it was difficult to project manage from a distance, especially with some of the difficulties he faced and he only broke even.
Nick has also partnered with the wrong people previously which has caused him to lose money.
Nick noticed that there were many student landlords in his area that had been doing the same thing year in and year out so he decided to disrupt the space, bringing in more aesthetically pleasing options in great locations.
Bringing people in-house to help with his projects is something Nick has replicated across all his property investments.
Having the right location is essential for student lets.
You need to understand what’s important to students specifically, such as good wifi and local amenities.

BEST MOMENTS  

“You had an intention and you built a business around it”

“It really worked that was the niche, I could make it look very good and at a decent cost”

“That’s the standard now, but it wasn’t then”

“There are accommodation shortages according to UCAS”

“Literally find out what people want and give it to them”

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
This show was brought to you by Progressive Media

Kevin is joined by Carol Neales in this episode to talk about the 240 units she has built in just 6 years. Carol came to Progressive in 2015 and started her journey properly in 2017 and talks to Kev about how Progressive helped her and what she has learnt since attending Progressive Property courses. Carole also talks in-depth about her unique property portfolio in social housing.

KEY TAKEAWAYS 


Carole works with charities and supports many people through her property portfolio as the units she manages are social housing.
Working in the hotel business as well as events means that Carole had always worked in customer-facing roles, she likes people and her favourite thing is talking!
After seeing vulnerable children and having empathy for those struggling financially, Carole wanted to do something she could help society whilst also making good investments.
Most landlords aren’t bad people, they want to help people.
Bad tenants come from all walks of life. Carole doesn’t believe she has had any more issues with damage and rent arrears with her social tenants than private landlords would get.

BEST MOMENTS  

‘Everything we do whether it’s needed or not we make sure is HMO compliant as there’s always going to be more than 2 people in the property’

‘Some of us are quick to judge people that have fallen on hard time’

‘Landlords are really great’

‘Because I work with them so closely, I get preferential rate’

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE GUEST

Carole Neales

Director

Clearwater Property Partners

carole@clearwaterpropertypartners.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/

TikTok: https://www.tiktok.com/@progressiveproperty

YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g

Twitter: https://twitter.com/progperty

LinkedIn: https://www.linkedin.com/company/progressiveproperty

Instagram: https://www.instagram.com/progressiveproperty/

Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity

Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
This show was brought to you by Progressive Media