Progressive Property

Lunchtime Reading
Network and masterminding
Most people are working too hard to be rich. Most people think that working harder on more operational tasks is going to lead to an early retirement of doing nothing. They are deluded.
... If you study the people perceived by society as having been the most successful, the ones that movies are made about and statues are built of, most of them were visionaries and strategists. And every single one of them, without exception, had one thing in common: they had great people around them. The people could have been in the form of a great wife/ husband, great employees for a business owner, great team members for a sports person, great mentors, coaches and advisors, great agents, accountants, tax advisors, great sages and muses.
Your network is your networth. And your relationship with that network defines the amount of money you leverage from it. One of the biggest factors in your success will come down to your long-term relationships and the trust you build, creating goodwill and leverage from your contact base who will work hard serving you and in harmony with your vision. The more business you generate for your network and the more money you help make them by giving them employment or contracts, the more money you will make.
This little snippet of gold was from Rob Moores 'Life Leverage' this chapter especially is fantastic if your unsure of how networking can benefit you - not just for property but business in general!
https://www.amazon.co.uk/Life-Leverage-Ou tsou…/…/ref=sr_1_1…
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Always get at least 3 quotes for any job
In trades where the trades people hold the knowledge and skills, it is quite easy for them to pull the wool over your eyes. Boiler quotes are the best example of that. Most of the time ou will get told you need a whole new boiler system that will cost you £3,000 when perhaps it is just the ignition/ pilot that just need fixing. Boiler costs can vary by 100% or more. Refurb costs can too. Scrutinise and itemise every cost, take out everything that is not necessary, and then drive the price down again. People need your business right now, and you're probably having to do the same for your clients in your business or job.
Be cautious and question all costs. The compounded effect of saving 10% on all your costs is likely to be thousands a year, hundreds of thousands, or more, in your life.

For you to be able to make the right investments in terms of cash, time and decisions, you need to have more than one option open to you. Every investment goes through its own cycles and counter cycles, and so offer value or is overpriced at different stages within its own cycle. This is independent of other classes. These cycles are just like plates spinning at different speeds, some slowing down, some just starting to spin and speed up, and you balancing them all. For some ...
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Is any income truly passive? Technically i'd have to say no. If you completely take your eye off the ball with anything, it will eventually go wrong, change, or stop. But if half an hour a month 'keeping an eye' on your income streams or 'random checking' while you're traveling, playing golf, shopping or doing the things you love would work for you, then passive income is VERY real. Don't let anyone tell you otherwise. Passive income DOES NOT exist on a brand new, 'black hat'... 'super spy' 'plug-in piece of software' that found a 'loophole' in a 'system' that 'even the experts don't know about' where all you have to do is buy it, plug it in, then retire for a life of sun, sea, and Sangria. 'You have to work hard enough to not work hard' - Richard Templar You have to 'set' before you can 'forget' You need real assets from the stream to pay you, and they need to be maintained. You don't have to do the maintenance yourself, which makes the income more passive. There are rules to passive income, here they are: 1 - You have to set up the income stream first, from an asset. That takes education, knowledge, work and time; but it is still more leveraged than the earned stream. 2 - The 'Setup' time diminishes each time you set up a new passive income stream because you have experience, cross stream investment and people to leverage 3 - Passive income becomes more passive the longer you have it, dramatic market changes notwithstanding, through compounding and your experience managing it. 4 - Passive incomes requires leveraged management to make it passive [systems, software, outsourcers, and managers] 5 - Passive income only becomes nonpassive when your management and systems are not in place or fail. 6 - Passive income should have random checking systems to monitor changes such as tenants not paying rent, books no longer selling, etc otherwise it will stop.
This is from our Multiple Streams of Property income book :D For more great snippets like this grab a copy from Amazon
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There are risks to property investing, just like any investment. The upsides are so big that the downsides can be bankrupt inducing if you get it badly wrong. Property can get you on the rich list or the repo list.
- KEep your costs down Everything that you spend on your property portfolio eventually comes out of your profit (or your pocket) You must know exactly where (and where not) to spend your money. Keep a hawks eye on your spreadsheets and numbers like Mark Homer, or... get someone to do it for you (like Rob has) Every pound saved goes straight on the bottom line, but every pound earned has costs of sales, operational expenses and taxes to come off, so a pound saved is more valuable than a pound earned. And like Mark likes to say ' every pound is a prisoner'
Holiday homes will costs £1,000s. Emotional Refurbs to make a house you'd live in could drain month or years of profit. Overpaying for properties is a waste of cash. Bad mortgage deals can cost you for 25 years.Paying a JV partner too much could eat all of your cashflow and leave you in a legal battle.
If you want profit, then you need to keep costs as low as you can, and then keep trying to get them lower. Now of course there is a limit, doing things too cheaply so that it ends up being far more expensive in the long run gives diminishing laws of returns. We are not talking about cutting corners or pulling fast ones.
You will learn the right balance as you go, and it will be specific to your area and the people you use. As a guide, be on the tighter, Mark Homer end of the scale ;)
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Keep as much #property as you can. Selling is tempting & you may need to to fund other projects but when a property yields well you should keep it. You will usually regret that you didn’t some years later when it’s worth a lot more & you have lost the income it produces

Did you spot our this Blog post!?
If not here is a recap from our very own Jamie Madill
> Five points to consider when building a professional HMO business
... 2. Know Your Local Rules Despite the generic definition I shared above, historically the rules and licensing requirements surrounding HMOs often caused confusion because the terms used have varied across different local authorities. Different HMO classifications meant different licensing requirements were applicable but this has now been simplified. From 1st October 2018 across England and Wales the definition of an HMO under the Housing Act 2004 states it is any property occupied by five or more people, forming two or more separate households.
When setting up your professional HMO business and you want to invest in property, if it has five or more people renting from you on an individual tenancy agreement then you will need an HMO licence. If your HMO business is operating as Rent2Rent and you find property that also can be rented out to five or more people then you will also need a licence. As you want to have a professional HMO business please make sure you comply by the rules!
To read all five follow the blog and take your HMO business to the next level
https://www.progressiveproperty.co.uk/… /five-points-to-con…/
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'Learn from your mistakes' they say. Bad advice? Some potentially dangerous advice I hear a lot is 'get out there & do property & learn from your mistakes'. Perhaps there's a safer, smarter, easier way. When I (Rob) started in property I was hungry, motivated & totally naive. I was ripe for falling for every wrong scheme & strategy out there. After all, what did I know other than not a lot? Enthusiasm is powerful but also dangerous. There was one 'thing' that saved me from at... least 80% of my mistakes. Mark Homer. Fast forward 3 years & the global recession/crash hit home. We'd never experienced anything like this, but got some great lessons watching many big property companies struggle through it. We were young, lean & had nothing to really lose. Mark & I got to know the owners of the biggest players well, & watched at a safe distance as they wrestled, panicked, & many went under. We didn't intend to 'enjoy' the hardship of others, we helped if/where we could, but learning vicariously about the challenges of property & business is FAR cheaper & better than feeling the pain yourself. Mark had made some early mistakes in overseas, off plan & new build property in the early 2000s, & he sheltered me from those mistakes when I started & was vulnerable. I'd have fallen for them NO doubt, but I got his experience vicariously. As did Mark & I with both 'victims' & 'survivors/thrivers' through the recession. Would you like to learn about law by going to prison? Managing a business by going bust? Building a portfolio by getting repossessed? You don't know what you don't know, & you could make some big & dangerous mistakes that could ruin you while you are learning. Peers, mentors, education, good communities, podcasts, books, audiobooks & previous challenges, auto-biographies, investors with experience, previous recession-fighters & more can teach you about the hard-knock lessons so you endure less of the hard-knocks. Then of course you have to get out there, get started, keep going & endure some of your own challenges. These will mostly be when you didn't listen to good advice! I know this has 'happened to' me. There's a better way, as summarised best by Warren Buffett: "It's good to learn from your mistakes. It's better to learn from other people's mistakes." What do you think?
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We have our 100th Episode of the Progressive Property Podcast coming up :O
Its going to be a jam packed Q&A so start listing those questions below and who knows you might get yours answered by our expert host!
We are SUPER excited for this huge milestone!

This is a proper throwback :O
For those thinking of Deal Packaging or perhaps never heard of it - Then give this a listen!
https://youtu.be/PYZQzg94hsI

Who here is currently doing Deal Packaging?

When buying an asset, set your maximum 'walk-away,' price based on proper diligence of the numbers. If the numbers don’t work and you can’t get your desired price for the asset, then change your investment strategy, walk away and DO NOT increase your price. The investment of time will create a sense that you’ll have to do the deal to get that time back: this is an emotional illusion. Do not go into deals chasing assets you really want; you’ll break your rules in an attempt to... win. Do not go into deals trying to recover previous losses, you’ll break your rules in an attempt to recover them. Do not go into deals because you are frustrated at a lack of progress, you’ll chase shiny objects or over expose yourself. Remember you are in business and investing for the rest of your life; you don't have to do a deal everyday. You don't have to feel like you 'won,' or 'lost,' a deal, or to another investor. You just stick to your life long vision, knowing that opportunities present themselves daily and that some are right for you, and some are not
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For those thinking of deal packaging, this is a great listen!
Peter sits down with our deal packaging expert David Siegler to discuss his journey and the strategy that changed everything!
Progressive property podcast - Episode 30
... Stitcher - https://www.stitcher.com/…/the-progress ive-prope…/e/50595227
Itunes - https://itunes.apple.com/…/the-progress ive-pr…/id1176574597…
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There are many strategies available to create wealth from property & it can be quite confusing to find which strategy or finance options is right for you especially if you’re just starting out. One of the great things about using property as a vehicle to achieve your goals and desires is you can tailor it to fit your own personal circumstances.
There is no ‘one size fits all’ or a standard ‘cookie cutter’ approach to property investing strategies.
The best property strategies... for you will depend on a number factors such as your own personal financial situation, your attitude to risk, your goals and ambitions, availability of time, hassle, skills and experience, credit rating, and whether you want short or long terms gains.
You might not know of the many strategies which are available to create short & long term wealth from property.
Click here to read about the different strategies or why not pop below which one you are currently doing!
https://www.progressiveproperty.co.uk/… /property-strategies/
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When choosing which assets, classes and businesses to invest in, it is a good idea to pick ones that banks understand, like and can secure their money against. Most income producing property meets this criteria, but as soon as it becomes non-mainstream such as a leasehold house or equities based on a lesser-known exchange like AIM, there will be much less interest from banks wanting to lend. Careful leverage can also be applied to funds which hold equity and bond based Investments. Barclays Wealth offer such a facility lending around 60% against a portfolio they manage. This leverage can provide more interesting returns especially coupled with low-interest rates. Any questions or comments please post below.

The ability to say "no" at a certain price point when negotiating is a tremendous advantage for an investor

It's the weekend! Finally, time for you to relax from the boring 9 - 5 of your J.O.B and focus on your passion.
Well done if you packed in the 9 - 5 a long time ago but for those just starting on there journey it's easy to get overwhelmed by everything and why wouldn't it be! You have so much information arriving from all different platforms and before you know it you buried beneath it all.
So here are some quick tips from Rob on how you can get at least one area under contr...ol before the weekend is over.
https://www.facebook.com/robmooreprogress ive/videos/1165596906811760/
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Only Make basic/ light refurbs
When refurbishing a property, you're not looking to make an MTV crib or footballers wives home. You're looking to make the property clean, rentable and neutral so that any person can quickly move in and make their own mark on it. You may like purple carpet, other people may not. You may like floral curtains, mint green wallpaper and brown bathroom suites (If you're still living in the 1970s) other people may not. The exception to the rule is if ...you are developing flats to sell or boutique style HMOs.
Spend your time and (tight) budget on kitchens and bathrooms and keep them basic, neutral and cost-effective. We use Howdens or go through LNPG. This is what most people will notice, and make the biggest difference on the value uplift. Carpets should be neutral but dark enough to hide stains; walls should be eggshell white or magnolia to look clean and open. Perhaps spend on light fittings/ lampshades or mirrors to make small rooms look bigger, but remember every penny you spend is money out of your profit.
Match your refurb to the type of property you are renting out - lower end means lower end. No need to spend on white goods, they'll bring their own and only cost you when they break the ones you put in anyway.
At Progressive we look to keep a full redecoration under £2,500 and a full refurb (Redc plus kitchen and bathroom) under £5,000. These prices haven't gone up much over the years.
The more you get tradesmen fighting for your work and the more you set the expectation, the more you will be able to get them down to a price you want to pay
https://www.amazon.co.uk/…/B00CZA6ZLG/r ef=pd_lpo_sbs_14_t_0…
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Who LOVES free content!
There is so much taking place on our podcasts at the moment that its important to subscribe to ensure you dont miss out :D Each week we upload new interviews, rants and deep dive topics which all of you can access.
Always great if you have some spare(dead) time such as the commute which you can actually start using to your advantage.
... ***The Disruptive Entrepreneur (Rob Moore)***
Itunes - https://itunes.apple.com/…/the-disrupti ve-ent…/id1076679649… Stitcher - https://www.stitcher.com/…/rob-…/the- disruptive-entrepreneur
***Mark My Words (Mark Homer)***
Itunes - https://itunes.apple.com/…/mark-my-word s-podc…/id1165370399… Stitcher - https://www.stitcher.com/po…/rob-moore/ mark-my-words-podcast
***Progressive Property ***
Itunes - https://itunes.apple.com/…/the-progress ive-pr…/id1176574597… Stitcher - https://www.stitcher.com/…/rob-moore/th e-progressive-proper…
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Where to begin? I attended my first progressive event 18 months ago, a complete sceptic. Having attended many courses and networking events, plus partaking masterminds with Rob & Mark, I am now a true believer and on my way to building my property journey. The community really want to see each other so well and I'm so glad to say that I'm also a Peterboroughian and live 5 minutes from PP HQ. Cannot wait to see what the future holds! Thank you Progressive teams, you literally change people's lives! �

What a fantastic community.... people helping and contributing to each others success �

I have personally introduced many family and friends to this community... who are now going on to change their life for the better in many ways.... ���

Went to an amazing 2day jv course content and speaker amazing life changing day! Thank you toni Gargan and progressive property for this amazing community and all the lovely people I met!

VIP programme is excellent - Nick Thorpe is the greatest mentor I could have picked for me! So sad that my year on the VIP programme has come to an end! Loved it!

Two weeks ago I attended my firstly PPI event , It was Mind blowing I came back a different inspired person with No limitations . I went on to attended JV funding training and going on to Do the Master class next week .

Since doing my training I have made amazing contacts arround the Progressive Community. I am now working on two projects that I am looking to secure with an investor I got through the network.

I am so much on fire no-one can put this fire out

THIS THING WORKS

Spent the day with amazing positive people who are action takers who are getting fantastic results on their property journey as well as their personal development. The speaking academy is enabling me to grow my business. Just awesome. Thanks to everyone.

So so glad I am attending this in Peterborough. It's the 2nd day of the 3 day MSOPI event and I feel like my head will explode with so much information. Being equipped to take control of my future now, I am joining the SA and the R2R JV course.

Want to know what that means? Go on their website for the next dates in your area.

Privileged to listen to Rob Moore live today for a Q and A session. No gimmicks.

Amazing. Awesome trainers in Big Kevin and Small Kevin, David and Anna. Eagerly looking forward to tomorrow for more.



Need I say more?

Progressive property offers high quality property training courses packed with content - it is exceptional value for money.



They employ excellent trainers and support staff all wanting to help others to make a positive change in their lives.



The wider Progressive Property community is very supportive with everyone happy to share their successes and failures for the benefit of the community and it feels like a big family. I feel lucky to be a part of it.



Progressive Property has had a huge and positive impact on my life and I really can not thank them enough. They are changing lives day by day.

On Wednesday I was at a VIP session, which is always good to have that 1-2-1 with a mentor to make sure you are on the right track and doing things properly (thanks for your help, support and wisdom Tasha Darrington :-))

On Thursday I was back at Progressive Property but this time I was crewing (volunteering to help out on an event), the event was Social Media Marketing with Paul O'Mahony - a great event, very interesting and it opens your eye's to ways to make money from app's that we all use waaayyyyy toooo much on a daily basis. It always impresses me just how collaborative the Progressive Property community is - and how willing they are to share and support each other.

No money down. What a course will blow your mind. Unbelievable knowledgeable of the presenters. Kevin Mcdonnell and Dan Buchanan. Basically just do the course it can change your mindset and give you more properties strategies than you can shake a stick at!

Life changing. They offer the information and you need to take the action but if you do, it is truly life changing stuff! I am so grateful to and for Rob, Mark and their fab team!

Just got back from MSOPI, brilliant weekend with a great bunch of approachable like minded people with everyone very open and willing to help each other, lots of contacts made, let's hope we continue to grow together. Felt tempted to sign up for everything but settled on JV's for the time being. Thanks to everyone for making it a wonderfully worthwhile 3 days.

I recently completed a three day masterclass and was amazed by the depth of the information conveyed. It was pure quality content, delivered in a lively and sensitive way. It was well worth the money and I would whole-heartedly recommend the course to others. This course is life-changing!

I have completed a number of courses with Progressive Property along with my husband. We have always found them extremely informative with heeps of information and friendly support from all the mentors as well as a great community of like minded individuals!! The positive attitude we get from this community is a real delight and we love learning from the best in the business!

I have completed a number of courses ranging from 1 day to 3 days with Progressive.Some have been free,others minimal cost, some in the thousand of pounds.The couses have been well planned out and very informative, taught by people who have and are still doing what they teach.I would advise to not do every course offered as also advised by the owners but to do one at a time that sits well with your profile/comfort zone.Stick with it and give it chance to work before moving on to another course.There is an upsell for courses as its all part of marketing but i have never felt pressured into buy a course.If you do sign up for a course then do take action after doing the course and stay committed .There is plenty of advice and additional support given freely in the community by fellow members.Good luck,you are the master of your own fate

I attended the R2R/NMD with Kevin Macdonnell on 21/23rd July, what can I say, awsome is the word. Kevin is the Connor McGregor of NMD.



Needless to say the rules of the B2L/property game have changed since 2008 crash, and anyone who does not educate themselves with cutting edge/creative/innovative techniques for financing are on the road to ruin and will simply not survive in this business. You need to get creative and learn how to structure deals -period ! and Kevin will show you how to do that.



Go attend, don't waste time procasting and most importantly enjoy the experience and go out and apply it.

I attended a Multiple streams event in March 2015 to see what all the fuss was about. I went there thinking that my knowledge of property was at least 7/10 and came away realising that it was probably 2/10. I've since attended a few training courses and each one is better than the other. The online Academy is excellent, the books are loaded with great content and the free Podcasts should be required listening for every entrepreneur.

I am currently on the multiple streams of income and it is fantastic. As a mortgage broker wanting to get into investment it is a great place to start! 5 stars from me!!

Always an amazing day, well educated and inspired when visiting the Progressive community