Welcome to the 100th episode of the Mark My Words podcast, hosted by Progressive Property Co-Founder and expert investor, Mark Homer. Tune in to an exclusive anything goes Q&A, Mark answers listeners burning questions from the best way to get into property to what he is currently buying and selling in this uncertain time. Don’t miss this one-off special.

KEY TAKEAWAYS:

Q. What is the best way to get into property with limited money?

      A. The quickest way would be to find a partner who you can work with or possibly do a rent to rent deal whereby you are leasing properties from another landlord and then subletting rooms out. You could also do a JV with landlords where you can source properties for them and get into it that way using their money.

Q. Will the world be the same after COVID-19?

      A. I very much doubt it, I think people will want more protection when traveling. They are probably not going to get on a plane in the same way, they will be using more sanitisation products. Until we can get a vaccine I think people will behave differently.

Q. How do you recommend finding a JV partner during the lockdown?

      A. I think online is perfect. You are going to be having a lot of virtual relationships online because you cannot go out and meet people. Facebook, Twitter, Instagram, and LinkedIn are good ways. You can make lots of calls virtually on Zoom or Skype.

Q. If you’re starting out in property now what strategy would you use and when?

      A. If you can buy serviced accommodation units or hotels provided you have an experience that is a way forward. If you are inexperienced I think sticking with single lets or HMO is still a good idea, just ease yourself into it gently by doing only one. You will probably face some issues initially with getting people to move and buying property in this three month period. Learn as much as you can online, download study packs and get ready.

Q. What are you currently buying and selling?

      A. I am not buying anything at the moment, I am developing a number of apartments and I have another one in the planning.

Q. What shares and stocks are a must-buy?

      A. You could buy individual stock. If you are looking for a five to ten-year horizon then you could probably do well out of it. If you’re worried they will go down again then I wouldn’t buy right now. If you are not experienced you may want to buy a FTSE tracker fund or something like that where they put you into a nice spread of the market with very low fees.

 

BEST MOMENTS

“Cash is king right now”

“Educate yourself, and get ready”

 

ABOUT THE HOST

Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.

 

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/