Mark is a property investor based in Plymouth. He joins the show to talk to Kevin about his property journey, including what he was doing previously and his current projects. Mark’s investment journey hasn’t been linear, and he shares with Kev the lessons he learnt and how Progressive Property training has aided him in transforming his portfolio.
KEY TAKEAWAYS
- Mark first started investing in property 20 years ago, but his progress hasn’t been straightforward, one of his first properties remained in negative equity for years after purchase.
- Mark wasn’t educated about adding value or how to be an effective property investor and landlord. This education has transformed the way he approaches his property business and investments.
- Adding value was one of the first and most important lesson Mark learnt from Progressive. It’s about recycling your money and being able to build growth.
- When buying off-plan, you will always overpay.
- No money down and HMOs resonated with Mark so these are the strategies he began to invest in.
- In 26 months, Mark has done 9 deals, which is more than one deal every 12 weeks!
- One of Mark’s proven strategies is sending out letters to potential landlords and investors.
BEST MOMENTS
"I’ve always had a passion for property”
“If you want to be a property investor you should be adding value, recycling your money”
“It wasn’t that property was bad it was just I was bad at it”
“As entrepreneurs, we will never be happy with what we’ve got”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.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/
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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