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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

    • Investering

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.

    My 6 Biggest Property Failures

    My 6 Biggest Property Failures

    In today’s episode, property expert Kevin McDonnell takes us on a trip down memory lane as he looks back on some of his biggest failures in the property industry and gives us his expert advice on how you can avoid making these mistakes yourself! Don’t miss Kevins expert advice on how you can become a success in property!

    KEY TAKEAWAYS

    6 Biggest Property Failures-

    Investing Abroad- Don’t buy off-plan property. You are buying something that might go up, or down in value. You’re also purchasing something that might not even get built, there is no real guarantee, and whilst you are waiting for the build to be complete you are not making any money from the property. Purchase property in an area you are familiar with that can make you money instantly and whereby you are familiar with the tax and property laws.

     

    Doing All Your Own Refurbs- This takes up far too much time which can stop you from looking for more property investment deals. The standard of work was also not up to the standards of professional tradesmen, meaning a few years later the poor workmanship will have to be redone. Tying to do those refurbs yourself, will cost you more time and more money.

     

    Waiting Too Long Before Quitting Your Job- Just commit and get out, because quitting your job will allow you to focus more on property and your results will have scaled massively once leaving your job, allowing the freedom and mind space to really focus on scaling your property business.

     

    Waiting Too Long To Hire Staff- Where in your business can you add income? Where can you put money into your business? Things such as speaking to joint venture partners, people who want to invest money into your business, negotiating property purchases or contracts on rent to rents with homeowners, that is where your focus should be. Outsource all the other tasks to staff such as property management, speaking to the tenant, maintenance inspections, all of the tasks that are time-consuming but don’t generate income but rather take money from the business.

     

    Not Having A Clear System To Check Staff’s Work- Hiring any staff comes with an element of trust, and sometimes in fast-growing businesses you can end up leaving staff to get on with their job whilst your focus is on other things. This could potentially result in foul play from your staff as they feel like they are able to get away with things easier as they are not being monitored. Create a system whereby this is not possible. Check your properties out, check your own staff out and make sure that what’s being said is the reality.

     

    Not Hiring A Project Manager- A project manager will hire the entire refurb team to avoid any miscommunications between different tradespeople. If possible, make somebody you know or are familiar with and that you trust your project manager who can get the job delivered on time. Them being responsible for the project means that there's no way there can be any excuses or tension between the rest of the team.

     

     

     

     

    BEST MOMENTS

    “Mistakes are a part of life”

     

    “You only have to be right 51% of the time”

     

    “The richest people on this planet have made many mistakes”

     

    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/

    • 19 min
    The only Way You Fail is if You Quit!

    The only Way You Fail is if You Quit!

    “The only way you fail in property is if you quit” Kevin started his property journey in 2003 and after the first 11 years was over £100,000 in debt. Since getting educated in 2014, he has built up a multi-million-pound property business with a cashflow of over £11,000 per month, lets over 200 rooms, owns over 30 single-let properties and is a speaker, trainer and mentor for Progressive Property. Today, Kevin shares with you his journey into propety, the struggles and the successes, tune in to discover how Kevin managed to build a multi-million-pound portfolio with none of his own money.

     

    KEY TAKEAWAYS

     
    First interest in property in the late 1990s when studying quality management at University. Discovered that becoming a landlord and property investor could be a full-time job.

     
    2002 moved to London to work for Laing O’Rourke and began living in shared accommodation with work colleagues and began discussing property. As a result, Kevin Attended a 3-day property seminar in London realised he wanted to do property full-time.

     
    In 2004 Kevin attended the Property Investors Show in London and was attracted to off-plan properties abroad (Estonia, Turkey, Bulgaria). At the time Kevin didn’t know how to creatively purchase properties without deposits. Unfortunately, Kevin wasn’t familiar with these areas and in 2007 when the crash came Kevin lost all of the money overall loosing £135,000 plus interest on the loans taken out to purchase them and the properties were never built. For a while Kevin forgot about property, working harder in his job to pay off his debts.

     
    In 2009, Kevin moved to Nottinghamshire as a quality manager and forgot about property. Then in 2013, Kevin was contacted by Progressive Property offering him tickets to the Property SuperConference at Wembley. Attending the event Kevin was inspired by the speakers on stage, all of which had been in debt, just like Kevin. It was then Kevin decided property could work for him.

     
    In 2014, at the Property SuperConference Kevin invested in a number of training courses with Progressive and began with creative strategies such as Rent2Rent, lease options and started to build a portfolio local to him that he knew. Kevin rented one property which he lived in and rented the rooms out to other tenants (HMO) and met his now wife as a result. Kevin continued his creative strategies renting another property with an option to buy and backfilled his rent2rent property portfolio with tenants to cover the rent and generate a profit. Kevin was essentially living for free and building up cashflow to replace his income.

     
    In 2016 Kevin left his job and become a full-time property investor.

     
    In 2017 Kevin was asked by Progressive Property to run some training on how he build his portfolio without any money. This is where No Money Down, Rent2Rent, Lease Options and the No Money Down matrix was formed. Kevin also formed JV partnerships and now has 11 companies focussed on property as an individual and as a partner.

     
    Kevin now lets over 200 rooms and owns or has a stake in over 30 single let properties that are either owned or controlled by creative Rent2Rent strategies or lease options.

     
    In 2017 Kevin set up a lettings agent to help manage his time and look after his property portfolio. This has now been scaled as a business by itself to break even and additionally save Kevin time and money to do other things.
    The first 11 years in property Kevin built a debt of over £100,000. Since 2014 and training with Progressive, Kevin has built up a multi-million property business with a cashflow of over £11,000 per month and has an aim of one property deal per month.

     

    BEST MOMENTS

    “Always take positive steps towards success”

    “The only way you fail in property is if you quit”

    “Invest locally”

    “I buried my head in the sand and worked harder to

    • 17 min
    Kevin McDonnell My personal plan for 2020

    Kevin McDonnell My personal plan for 2020

    2020 is going to be a huge year in property? But are you prepared? and what are your plans? In today’s episode of The Progressive Property Podcast, Kevin McDonnell shares his guidelines for a bumper year in property. Discover how to scale your business, find new joint-venture partners and make a fortune through property in 2020.  

    KEY TAKEAWAYS 

    What’s your plan? What's your property plan? Where are you going with your business this year? 
    When you have the best year businesswise, you should know that you also had a bad year because great achievements come with great challenges. As you plan on how to be successful in your business, you should also prepare and be ready for any challenge that will come your way. 
    Challenges like staffing should be dealt with when they arise because these are the people that you need to trust with your business that they will do their best to keep your business up and running and also profitable. You can’t do that while you are having this issue; make some staffing changes to suit you and your business if you want to scale up your business in 2020. 
    In the year 2020, make an effort of having a joint venture partner because there's plenty of opportunities that arise when you are in a joint venture with someone and there are lots of benefits that you get to enjoy such as, in case any risk occurs in your business, you are both liable, in case of a loss, you both share the losses, you get to make well-informed decisions in your business because you get to consult your partner and many others. 
    When you have more money in your bank account, don't let the money stays in the bank because you will not earn anything while it's still in the bank, take a step of lending it to other investors so that they can also do some more investments with it and you get a return on your money in terms of interests. With this, your year 2020 will be a year of more success. 
    The last crash was what 2006, 2007, 2008, we're at 12 years into the property cycle now, there is likely going to be another crash in the next decade, in the 2020s at some point, there's likely to be a crash. You got to be prepared for that crash and ready for the crash. Don’t be mistaken, it's coming. It's about being ready for when it does come. 
    Scaling the rent to rent business should be a big part of your plan in 2020 so you can build cash flow to get ready and cash-rich for when the next crash comes because letting agents are struggling at the moment a lot across the country  
    In 2020, buy, refurbish, refinance or lease option, refurbish refinance or taking control of other people's properties, refurbishing them, refinancing them. Good opportunity to build, rent rental value that cash flow, but the lease option and the buy to refurbish refinance, that's about the long term legacy, the long term wealth. 
    You should have your businesses this year and be sure that your businesses are profitable and self-funding because you do not want to have a business where instead of it giving you money, you are the one who is getting into your pocket and getting it the money. Make sure that all your businesses are profitable. 
    How do you raise 5 million pounds in property? The key part of raising 5 million pounds is you need to be known, people need to know you exist, people need to know you do property. 
    In your plan, apart from just finding houses, you've got to have a plan of how you are going to attract and meet more people. What networking events are you attending? How often are you posting on social media? How many people are you contacting and speaking to every week? By doing this, you’ll attract more opportunities. 

    BEST MOMENTS 
    “If you don't ask you don't get.” 
    “There's going to be a lot of opportunities out there with Brexit, the uncertainty in the marketplace comes with a massive opportunity.” 
    “For you

    • 18 min
    Mark Homers 2020 Property Predictions!

    Mark Homers 2020 Property Predictions!

    Do you want 2020 to be your year in property? Do you want In today’s episode Progressive Property Co-founder, Commercial Conversion expert and best-selling Author, Mark Homer joins the show to bring you his 2020 Property Predictions. Tune in to the opportunities, threats and challenges 2020 will bring. Mark covers everything from BREXIT to interest rates and from property prices to supply and demand. It doesn’t matter if you’re a beginner and a pro, this episode is for you.

    KEY TAKEAWAYS

     

    2020 Property Predictions
    Since 2016 we’ve had large central London price falls of up to 25-30% but Central London has now reached the bottom of the price falls and we may seem some growth in residential house prices in 2020 and beyond. The risk has come out of them and the future looks bright in those parts London. Since the election has happened there is a lot more certainty in the market and investors are more positive.
    Confidence will gradually lift through 2020 with a better Brexit negotiating stance. Looking at GDP and the purchasing managers index the UK is looking to head on an upward trajectory.
    Over the past 3 years, we’ve seen a sustained attack on residential landlords form the government with stamp duty increases, surcharges, section 24 and other issues putting a lot of landlords off buying properties. As a result, professional landlords have been buying the smaller properties accidental landlords have been selling meaning there is now less supply on the residential market. If there are less supply and demand remains the same you may see residential prices rise in 2020. If you’ve got the right strategy and you understand the regulations there is an opportunity to navigate the property market and purchase the properties smaller landlords are selling and make a profit.
    We’re not in a recession, GDP is increasing and we’re still growing but 2020 is not going to be a ‘bumper’ year with a lack of investment in the UK due to the political uncertainty. As a result, the Bank Of England needs to continue to generate demand and therefore interest rates are likely to remain flat and perhaps unchanged in 2020.
    Towards the end of 2020, we will see some the change in sentiment will start to reflect on the banks as we move into the ‘roaring twenties’ this could be a golden few years. The banks could become more aggressive, the yield curve has moved from invested to in-form and this all indicates that a recession is less likely and money markets will become freer. As a result, banks will lend at lower rates and higher loan to values. We could see 95% mortgages in buy-to-let, investment loans and development loans, just as we’ve seen with residential mortgages since the last recession.

     

    BEST MOMENTS

    “Small one bed flat yields have been rising since the Brexit vote”

    “Since the election has happened there is a lot more certainty in the market and investors are more positive”

    “The property investing backdrop is looking more certain”

    “As we get closer to the Brexit deadline the media will ramp up the fear”

    “Section 21 could mean you could evict tenants for any reason”

    “There is lots of stuff reducing the supply of properties available to let and therefore residential prices may increase”

    “Focus like a laser one thing and become the best at it”

    “2020 could be very could for all bank lending”

     

    VALUABLE RESOURCES

     

    ABOUT THE HOST

    David is a property expert with over 25 years’ experience and his own portfolio of 26 units. His current rent roll is in excess of £10k per month. He is also a partner in a Deal Sourcing and Packaging business in the North West of England and has sourced over 250 properties for investors since 2004.

     

    In recent years he has, by necessity, had to develop an expertise in LHA strategies. This area is increasingly becoming a niche for him, a

    • 22 min
    7 Things You Need to Make 2020 Your Year

    7 Things You Need to Make 2020 Your Year

    Want to make 2020 the year of financial freedom? Is it finally time for you to live the property investor life you’ve been dreaming of for years? Tune into today’s podcast where property expert Kevin McDonell shares his 7 top tips that will make 2020 your year! Today, Kevin shares some motivational advice that will help you achieve your full potential and turn you into the successor you’ve been dreaming of, so listen in today and make 2020 the best year yet.

    KEY TAKEAWAYS

    7 things to make 2020 your year.

     
    Mindset: mindset is key. Whatever it is you want to achieve, it all starts with belief. The starting point is believing in yourself and your success. If one person in your town can be successful in property then why can’t you? You don’t need to know everything to start, you just need to start and the rest will happen.

     
    Knowledge: Once you have the mindset that you can do this, you need to make sure you have the right specialist knowledge. You need to have not just knowledge of a strategy, but knowledge of your area. You need to know about tax, systems, builders and letting agents. It is not only about acquiring this new-found knowledge but using it to move forward.

     
    Time: You need to invest time into property in 2020. You need to prioritise your time. Try writing down everything you’re doing with your time over a 7 day period and you will find you’re wasting loads of time. If you can allocate 1 hour a day, 7 days a week you can move your business forward. Put the time into making your success and you can’t fail.

     
    Money: You do need money to be involved in property however, It doesn’t have to be your money. Even if you’re doing a no money down deal, there is still invisible money involved such as the property value or borrowed money. You need to be able to access money from various sources when money is needed. Attend networking events, local, national or international events in order to grow your property business.

     
    Clear Goals: Each year before the new year approaches, you should write down clear goals for where you want to take your business in the following year. You need to do this before you end up too far into the new year and direction is lost. Make sure your goals are clear and structures. Follow a 6 step concept with your goals:
    Smart
    Specific
    Measurable
    Achievable
    Realistic
    Time Bound

    Take some time to write out the clear goals that are specific to you, and implement them do the steps to make sure that you achieve them.

     
    Willingness to accept rejection: There is not a single successful person on this planet that has not been rejected. Many people expect to get their first big deal and become a success within the first few months, it is not always that simple. Whilst it is a step by step simple process, it needs a lot of work. You need to be willing to understand that rejection is part of the journey, and it is part of the success. Do not let rejection stop you from moving forward.
    Accountability: Many people think that they are able to do property alone. The reality is, that you can’t. Get yourself a mentor and your results will completely change. You need to be working alongside and be accountable to someone who has walked that road before you, who tells you ‘you are not thinking big enough’ and ‘you can do this’. Somebody who gives you actions to take, otherwise life gets in the way. Prioritize your property journey as number 1. You need accountability from different places if you really want to get your business to where you want it to be.

     

    BEST MOMENTS

    “You don’t need to see the whole staircase, you just need to take the first step”

    “Richard Branson has the same amount of time as us and he has over 400 companies he’s involved in”

    “Don’t try and run before you can walk”

    “You don’t need to be perfect to get started, but you do need t

    • 25 min
    What to Look For When Doing Viewings

    What to Look For When Doing Viewings

    Thinking of investing in a property but not sure what red flags to look out for? Well look no further, in today's podcast property expert Kevin Mcdonell tells you the warning signs to look out for on your viewing to avoid those unwanted costs! He shares with you his essential checklist to take on every viewing which will get you the best property deal and maximize your profit! Don’t miss this exclusive advice which will help you reach your property inventing potential!

    KEY TAKEAWAYS
    When investing in property there are many things you need to, viewing the property, analysing the deal, etc. surround yourself with experts when it comes to the building work. They will understand how to break down the costings of specifics.

     
    It may not be possible to bring a builder with you on your first viewing. View The property by yourself first, and if it is a property you wish to proceed with then take an expert with you on your second viewing. They will be able to tell you about things that you may have overlooked or not thought about on your first viewing but they are important things for you to know.

     
    Tradesmen work on problem properties each day. Having them as part of your power team allows then to identify problems before you go ahead with the deal and save you a significant amount of time and money.

     

    Where to start when viewing a property for the first time?
    Park away from the property, down the street and analyze the type of area your potential property is in, allowing you to think about who your possible future tenant would be.
    Cross the road to take in a full view of your property, look outside for any potential structural issues with the property, as well as specifically comparing the roof of the property you are viewing with the other properties along the street.
    Walk around the perimeter of the property paying particular attention to the brickwork and any potential issues of damp.
    Enter into the property and in each room, you go into you will need to look at the ceiling, the floor, and all four walls. Look out for any red flags such as damp, loose floorboards, and plastering problems. A good idea would be to purchase a damp meter to take along to viewings.
    If you do encounter some current or rising damp during your viewing, a good idea is to get a builder to come along for your next viewing to give you a quote on what this could cost you in the future.
    Have a look around each wall of the property, keeping an eye out for cracks in the walls. You will almost always encounter some hairline cracks, but you are looking for larger cracks meaning you could have some structural issues.
    Take note of the doors in the property, do they close properly? Open and close each door to make sure it closes and latches properly.
    Take a look at the windows. Are the double or single glazed? Are there signs that they may be slightly dated? What material are they?
    Coming to the bathroom. Make sure you run the water (also do this with the kitchen), check the pressure and the temperature.
    Looking at the boiler is critical, how do I know if it’s a good boiler? Take a picture of it and show it to your gas engineer. It is also recommended to look at the installation date. Typically, a boiler fitted within 7 years will be fine. Look for signs of service stickers.
    It's critical to look at the consumer unit. Consumer units are a few hundred pounds but legally, you have to have a metal box consumer unit. If you see a plastic one, this will need changing before your future tenant moved in. This is an additional cost. Take a look at the plug sockets, are they up to date or will they need rewiring?
    Take a look at some more general stuff in the property such as the garden, rivers/flood risk area?
    A good idea on your viewing is to bring a checklist of all the above, removing the risk of forgetting something critical which could cost you money in the

    • 22 min

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