Remote Property Investor

Being an Eternal Student and Choosing the Right Property Strategy - Speaking with Kevin McDonnell

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In this episode, Andrew is interviewed by Kevin McDonnell. Kevin is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. 

 

This is a motivating and informative episode which delves deep into Andrew’s property journey, his successes and his ‘failures’ too.

 

KEY TAKEAWAYS

 

  • Andrew’s property journey started in 2009. He was yet to do any property education and hadn’t invested before. He bought a piece of land and then went onto to invest in more houses. In the end he actually lost money on his first investment but it didn’t matter so much as it is what ‘gave him the bug’ and his later investments held him up!

  • Andrew attended the multiple streams of income event which accelerated his journey in the property world. In his words it ‘blew his mind’, was revolutionary and rewired his brain, from that point he couldn’t get enoufh of learning and also began reading over 100 books a year!

  • There is so much free content and information out there now for anyone starting in property. It’s important to remember this wasn’t the case 10, 15 or even 5 years ago.

  • Following advice and techniques leant from courses Andrew found a joint venture partner and completed a no money down HMO deal – he made money but it also made him realise that HMO’s was too much ongoing work for him. At the same time he realised one of his buy-to-lets was in a less than desirable area. So he then decided to invest in an area that his friend knew very well so he would not make this mistake again.

  • Your network is your net-worth. It takes time and effort to build strong relationships with many people that will help you on your journey. It’s these relationships that can often make or break a deal.

  • Diversifying your property portfolio does not mean scatter gunning. You need to know the area you invest in. Diversifying means to mix it up WITHIN your property investments, by using different strategies, for example your tenant type, such as having students, professionals and universal credit tenants.

  • There is a property strategy for everyone. We all want different things from life. Some people have the time an energy to put in a lot of work in for several years whereas someone else may just want a small passive income – you have to figure out what is right and manageable for you.



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    BEST MOMENTS

     

    “I was obsessed with learning”

    “That network is 90% me now...I built a network off the back of social media”

     

    “What they really mean is that you pick and area and then you become the subject matter expert of that area”

     

    “There’s different things that people want from life”

     

     

     

     

    ABOUT THE GUEST

     

    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.  

    https://www.facebook.com/kevinMcDonnellProperty/

     

    https://kevinmcdonnell.co.uk/

     

    ABOUT THE HOST

     

    Andrew Harvey

    Andrew built his property portfolio and businesses in the Northeast of England, whilst living in the south, allowing him to spend time with his family and travel regularly. 

     

    Having built up the systems and team to run from his phone and largely on autopilot, he's now focused on helping others excel on their property journeys and build a remote investment lifestyle for themselves through group and 1:1 coaching programs. 

     

    His signature program, which runs 4 times per year, is the 6 Stage Remote Buy Refurb Refinance (RBRR) Blueprint.

     

    👓| Find Andrew on Facebook 

    👓| Find Andrew on Instagram

    👓| Find Andrew on YouTube 


    👓| Find Andrew on TikTok

     

     

     

     

    This show was brought to you by Progressive Media

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