In this episode Progressive Property co-founder Rob Moore discusses depression in building your property business.

In this episode Progressive Property co-founder Rob Moore discusses depression in building your property business.

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

Progressive Property Podcast

Depression in Building Your Property Business featuring Rob Moore

In this episode of the Progressive Property Podcast, Kevin discusses everyone’s most hated topic, Tax! There are new tax changes incoming, and here is what you need to know. Do not fear, there have always been tax changes and people have ALWAYS made money, the key is to roll with the punches and listen to Kevin’s top tips so that you can make the most of your money!

Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPI

KEY TAKEAWAYS 
Run your investment property as serviced accommodation to avoid paying tax on your interest only mortgage!
Turn your properties into a limited company to get access to incorporation relief. (You will still have to pay stamp duty)
STOP PAYING TOO MUCH TAX by getting a tax advisor instead of an accountant.
If you run a business (and property is a business) make sure you claim for all of your deductible expenses before tax!
If you’re investing in a property to rent, look for properties with happy, paying tenants already in it. That way, you don’t have to risk finding potentially rubbish tenants yourself!

BEST MOMENTS 

“There have always been tax changes from the government, and people have ALWAYS made and lost money, the key is to roll with the punches”

“Accountants are tax collectors for the government, get a Tax Advisor instead!”

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/

In this episode of the Progressive Property Podcast, Kevin discusses everyone’s most hated topic, Tax! There are new tax changes incoming, and here is what you need to know. Do not fear, there have always been tax changes and people have ALWAYS made money, the key is to roll with the punches and listen to Kevin’s top tips so that you can make the most of your money!
Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment! <a href="http://bit.ly/Podcast-MSOPI">bit.ly/Podcast-MSOPI</a>
KEY TAKEAWAYS 
<ol>
<li>Run your investment property as serviced accommodation to avoid paying tax on your interest only mortgage!</li>
<li>Turn your properties into a limited company to get access to incorporation relief. (You will still have to pay stamp duty)</li>
<li>STOP PAYING TOO MUCH TAX by getting a tax advisor instead of an accountant.</li>
<li>If you run a business (and property is a business) make sure you claim for all of your deductible expenses before tax!</li>
<li>If you’re investing in a property to rent, look for properties with happy, paying tenants already in it. That way, you don’t have to risk finding potentially rubbish tenants yourself!</li>
</ol>
BEST MOMENTS 
“There have always been tax changes from the government, and people have ALWAYS made and lost money, the key is to roll with the punches”
“Accountants are tax collectors for the government, get a Tax Advisor instead!”
VALUABLE RESOURCES
<a href="https://www.progressiveproperty.co.uk/">https://www.progressiveproperty.co.uk</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk</a> 
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor &amp; 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
<a href="https://www.facebook.com/kevinMcDonnellProperty/">https://www.facebook.com/kevinMcDonnellProperty/</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk/</a>

STOP Paying Too Much Tax In Your Property Business!

How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the perfect episode for you.

Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPI

KEY TAKEAWAYS 
Just get started – stop procrastinating! You will make mistakes, be aware of this and own it. Reduce the risk by educating yourself.
Know your numbers. Start with the end in mind.
There are plenty of houses to flip, don't be folder by hearsay.
You can flip houses with none of your own money.
You need to build a power team, to build success you need people around to help and support you, tap into others knowledge and expertise.
Speed – You have to move quickly with house flipping.
Don’t do the work yourself – Get the right professionals in to do the work, don’t be pennywise and pound foolish!

BEST MOMENTS 

“The best time to start is right now”


“Maybe you need to be around the right kind of people…money is everywhere you just need to get out and find it”

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/

How can you flip properties easily and successfully? Listen in to this episode to hear Kevin’s 7 tips of flipping properties for profit. If you are new to this area or have only done one or two property deals this is the perfect episode for you.
Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment! <a href="http://bit.ly/Podcast-MSOPI">bit.ly/Podcast-MSOPI</a>
KEY TAKEAWAYS 
<ol>
<li>Just get started – stop procrastinating! You will make mistakes, be aware of this and own it. Reduce the risk by educating yourself.</li>
<li>Know your numbers. Start with the end in mind.</li>
<li>There are plenty of houses to flip, don't be folder by hearsay.</li>
<li>You can flip houses with none of your own money.</li>
<li>You need to build a power team, to build success you need people around to help and support you, tap into others knowledge and expertise.</li>
<li>Speed – You have to move quickly with house flipping.</li>
<li>Don’t do the work yourself – Get the right professionals in to do the work, don’t be pennywise and pound foolish!</li>
</ol>
BEST MOMENTS 
“The best time to start is right now” 
“Maybe you need to be around the right kind of people…money is everywhere you just need to get out and find it”
VALUABLE RESOURCES
<a href="https://www.progressiveproperty.co.uk/">https://www.progressiveproperty.co.uk</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk</a> 
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor &amp; 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
<a href="https://www.facebook.com/kevinMcDonnellProperty/">https://www.facebook.com/kevinMcDonnellProperty/</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk/</a>

7 Tips on How to Flip Properties For Profit

Should I manage my own properties or outsource them to a lettings agency? This might be a question that you are asking yourself, as you start your journey in property. From his fifteen years experience in property, where he now owns his own lettings agency, Kevin McDonnell gives his take on how you should go about it. Whether it’s making sure you get experience self-managing a property, to the benefits of partnering up with an existing agency in a JV partnership, Kevin gives you all the pros and cons of Self-management vs Outsourcing.  

KEY TAKEAWAYS

When I start out in property I thought I would have to do everything. When I started I would always do everything from meeting the tenants, gaining references, prepare and write the contracts. I’d do the repairs, and deal with the day to day issues. I thought that was what an investor required. Whereas today I find great deals and my partner manages out the letting agency on a day to day basis.   

Learning what the agents need to do. Self-management is a good thing to do at least a small amount. You’ll find out what kind of problems that your tenants have. Your tenants are your clients and you are providing them with a service which you need to provide to the best of your ability. This will also save you on the management fees but cost you in time. This will make sure you have the experience so you know your agent is doing things in the right way.  

What sort of systems should you have to self manage? I used for my first ten properties, Microsoft Excel. There are loads of fancy apps, but if you have ten properties you can manage them on a spreadsheet. Just get your first house and manage it on Excel. Once it becomes too big, over ten properties, you should look at things like Arthur or GoTenant. We have now moved on to Jupix because we are running a letting agent, and my JV partner runs that but that’s too complicated and costly for if you are just starting out.   

Give your first couple of properties to an agency. Learn how to do it properly, learn how to self manage your property. Then take on property to self manage so you get an inside guide to what they go through. Learn everything that an agency does. An agency does a lot of work from people who say they are interested in that property, lodge the deposit, gaining references and sorting out contracts. 

I found a JV partner. I found a local guy who was running a satellite office but he wasn’t on the high street. He was like a virtual agent. I approached him. I asked him to move into the high street into a property that I had bought. He’s 50/50 in the letting agents. I have a JV partner and he gets 50% of the profits.  

BEST MOMENTS

‘Its about being smarter with your time.’ 

‘Be an investor rather than a landlord.’ 

‘Since outsourcing, I have more time to think.’ 

‘Make sure you see your tenants as clients.’ 

‘You don’t need fancy software to manage one house.’ 

‘Get perfect later.’ 

‘It was cheaper to manage in house.’ 

‘The management fees from other landlords pay for the fees.’ 

‘When you're starting out you don’t have a skillset.’ 

‘Agents do a lot of work.’ 

‘You can shadow an agency.’ 

‘I wanted to be a business owner.’ 

‘It’s a win, win situation.’ 

VALUABLE RESOURCES

https://www.xero.com/uk/

https://jupix.com

https://gotenant.co.uk

https://www.arthuronline.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  

Kevin McDonnell Facebook

Kevin McDonnell website

Should I manage my own properties or outsource them to a lettings agency? This might be a question that you are asking yourself, as you start your journey in property. From his fifteen years experience in property, where he now owns his own lettings agency, Kevin McDonnell gives his take on how you should go about it. Whether it’s making sure you get experience self-managing a property, to the benefits of partnering up with an existing agency in a JV partnership, Kevin gives you all the pros and cons of Self-management vs Outsourcing.  
KEY TAKEAWAYS
When I start out in property I thought I would have to do everything. When I started I would always do everything from meeting the tenants, gaining references, prepare and write the contracts. I’d do the repairs, and deal with the day to day issues. I thought that was what an investor required. Whereas today I find great deals and my partner manages out the letting agency on a day to day basis.   
Learning what the agents need to do. Self-management is a good thing to do at least a small amount. You’ll find out what kind of problems that your tenants have. Your tenants are your clients and you are providing them with a service which you need to provide to the best of your ability. This will also save you on the management fees but cost you in time. This will make sure you have the experience so you know your agent is doing things in the right way.  
What sort of systems should you have to self manage? I used for my first ten properties, Microsoft Excel. There are loads of fancy apps, but if you have ten properties you can manage them on a spreadsheet. Just get your first house and manage it on Excel. Once it becomes too big, over ten properties, you should look at things like Arthur or GoTenant. We have now moved on to Jupix because we are running a letting agent, and my JV partner runs that but that’s too complicated and costly for if you are just starting out.   
Give your first couple of properties to an agency. Learn how to do it properly, learn how to self manage your property. Then take on property to self manage so you get an inside guide to what they go through. Learn everything that an agency does. An agency does a lot of work from people who say they are interested in that property, lodge the deposit, gaining references and sorting out contracts. 
I found a JV partner. I found a local guy who was running a satellite office but he wasn’t on the high street. He was like a virtual agent. I approached him. I asked him to move into the high street into a property that I had bought. He’s 50/50 in the letting agents. I have a JV partner and he gets 50% of the profits.  
BEST MOMENTS
‘Its about being smarter with your time.’ 
‘Be an investor rather than a landlord.’ 
‘Since outsourcing, I have more time to think.’ 
‘Make sure you see your tenants as clients.’ 
‘You don’t need fancy software to manage one house.’ 
‘Get perfect later.’ 
‘It was cheaper to manage in house.’ 
‘The management fees from other landlords pay for the fees.’ 
‘When you're starting out you don’t have a skillset.’ 
‘Agents do a lot of work.’ 
‘You can shadow an agency.’ 
‘I wanted to be a business owner.’ 
‘It’s a win, win situation.’ 
VALUABLE RESOURCES
<a href="https://www.xero.com/uk/">https://www.xero.com/uk/</a>  
<a href="https://jupix.com/">https://jupix.com</a> 
<a href="https://gotenant.co.uk/">https://gotenant.co.uk</a> 
<a href="https://www.arthuronline.co.uk/">https://www.arthuronline.co.uk</a>  
ABOUT THE HOST   
Kevin McDonnell is a Speaker, Author, Mentor &amp; 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   
<a href="https://www.facebook.com/kevinMcDonnellProperty/">Kevin McDonnell Facebook</a>   
<a href="https://kevinmcdonnell.co.uk/">Kevin McDonnell website</a>

Depression in Building Your Property Business featuring Rob Moore

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