In this episode of Mark My Words, Mark is interviewed by Kurt and Diane on the Back to Business Podcast!

 

Mark discusses his upbringing, wealth, investments and his own ethos as well as many hints, tips and ideas to be a successful entrepreneur.

 

 

KEY TAKEAWAYS

 

• Mark’s Dad was always very careful with money and this instilled the belief in Mark that you saved money to make money. This also meant he was taught ‘delayed gratification’ which helps him with his future and has helped him build his wealth.
  
  

Although Mark’s Dad was very frugal, the older he got the more he was exposed to how the other half lived, especially when he went to boarding school. This made him want this kind of lifestyle for himself.

• There are many common mistakes people repeatedly make when getting into property. One of them being ‘shiny penny syndrome’ this meaning that they do too many strategies not very well. It is wise to start small so that you can get experience and understand where all the risks and control points are. 
  
  

We are taxed on everything in the UK  but there is no capital gains tax on owning your own property. Capital growth has got to be around 5% a year, with that being said by getting a fixed 2-3% rate on a mortgage for your home, you will essentially live in your house for free or even make money on it. 

These are the times where the rubber meets the road. Residential is generally less risky and in the last recession, commercial was hit harder, however, next time it may be another industry affected. The next recession will not be like this one and different businesses get affected in different ways. You don’t know what will cause the next recession so now may be the time to diversify into other tenant types. 

Many people will have goals they wish to achieve but rather than cracking on with it, will procrastinate. It is important to have the ‘start now get perfect later’ mentality. As you progress you will instinctively see more risks and problems. Start small and therefore the risks are going to be smaller. 

 

 

 

 

BEST MOMENTS

 

"Champagne lifestyle for lemonade money"

“My home doesn't cost me anything.”

“Am I going to be out of stock with property? No.”

“Everything just suddenly came together.”

“These are the times where the rubber meets the road.”

 

 

VALUABLE RESOURCES

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

 

ABOUT THE GUESTS

ABOUT THE HOSTS

Kurt Wilson - Entrepreneur, Internet Veteran and Property Investor with multiple 7 figure businesses and property investments in UK, GI, LT, BY and GR. CEO and founder of advansys (www.advansys.com) a global ecommerce, web development and online marketing agency headquartered in the UK.

Di Forster - Entrepreneur, Property Investor and Mum with exceptional grit. Expert in all areas of Online Sales and Marketing (SEO, PPC and Conversion). Quit corporate life and now enjoys working with and helping others grow and scale their businesses.

CONTACT INFO

INSTAGRAM.COM/KURTWILSON.UK

INSTAGRAM.COM/DIFORSTER.UK

WWW.ADVANSYS.COM

[email protected]

[email protected]

 

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

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/