What is the best property investment strategy this year? Join Kevin in the first episode of 2024 of the Progressive Property Podcast and learn all about no-money-down (NMD) techniques and why they could work for you in your property investing journey!
KEY TAKEAWAYS
- Strategies vary in their success depending on the area but all strategies work all the time.
- Historically buy to let, commercial conversions, HMOs and serviced accommodation have always worked and always will.
- Before you think about which investment strategy to use you need to first get the ‘house’ or property. This is where no money-down techniques come in.
- No money-down property investment techniques allow you to scale.
- Don’t confuse property investing with property owning. Most investors own a job but don’t always have lots of properties in their ownership at one time.
- Cash and a mortgage aren’t the only ways to get into property investing.
- Time and debt are valuable resources, using no money down techniques you focus on buying these rather than focusing on the physical asset
- Those with a poor mindset follow the system of getting into debt at a young age and out of debt for retirement.
BEST MOMENTS
“You can’t do property with your money down”
“Most property investors, they own a job”
“No money down investment techniques allow you more ideas than traditional thinking”
“The richest people on this planet have the most good debt”
“If you retire with no debt you’ll likely retire without significant wealth”
“There’s a big difference between good debt and bad debt”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
ABOUT THE GUEST
Want to Connect with Carole? This is how:
Website: https://www.clearwaterpropertypartners.com
Email: carole@clearwaterpropertypartners.com
If you would like to help support Judy and Abigail with finding their forever home or future Christmas Venue, please reach out to Carole using her contact details above.
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/
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
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