One of Mark’s biggest property deals, a conversion of an old M&S building into residential apartments and a supermarket is almost complete and in this episode he talks about the many lessons he learnt. He also talks about planning decisions, the impact of new building regulations and the many new environmental policies such as heat pumps, new EPC thresholds and electric charging points.
KEY TAKEAWAYS
BEST MOMENTS
“Electric vehicle charging points won’t have any value at all”
“They’re getting a heating system that I don’t think is very good”
“It some ways it’s quite good as those sort of landlords that aren’t compliant they are weeding them out one by one”
“It’s a virtual guarantee that they will spend more in the long term with a product like that”
“The whole planning system in this country is a big web of individual offices making arbitrary subjective decisions made on whims and what they feel”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
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/markprogressive