Mark My Words

Go behind the scenes and join two experienced property investors discuss the property market, their current deals and developments, planning permission and proven property strategies working right now in today’s market. Listen in and hear Marks in-depth discussion with Chattered Surveyor, Serial Property Investor & Master Class Trainer, Peter Jones. 

 

KEY TAKEAWAYS 

Mark: How have you been growing your portfolio? 

Peter: Traditionally I’ve been investing in the North East but more recently I’ve purchased a plot of land which we were planning to build 5 terraced housing but due to some issues with planning that have taken over 2 ½ years to go through we have finally been settled on 3 bungalows with actually will generate us the same amount of profit and are cheaper to build so currently we’re now applying to remove the conditions and should have the foundations in before Christmas. The goal now is to have 2 or 3 projects running at the same time because of how long planning can take to go through.  

 

Mark: What investments have you been doing? 

Peter: As you know I owned one flat in a block of fourteen and it was a disaster, all fourteen were rented out and none of the owners could agree and it the whole block started to deteriorate so I was planning to sell. But in the end, I managed to get acquire four more flats and convince the other owners to secure the plot with a fence and make the area a lot nicer. Additionally to this, I have also been investing with my son-in-law in properties around Nottingham, mainly single-lets following the BRRR model.  

 

 

BEST MOMENTS“The whole planning system is a game and you just need to know more ways round” 
“More recently it’s taken me over 18 months to get planning consent”  
“The goal now is to have 2 or 3 projects running at the same time because of how long planning can take to go through” 
“Capital values have been rising in certain areas and the Midlands and the North are still playing catch-up to London price rises” 
“The property market is like a rollercoaster and property prices follow a ripple effect” 

 

VALUABLE RESOURCES 

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  

ABOUT THE GUEST 
Peter Jones is a Chartered Surveyor, an author and a serial buy to let property investor. He has been involved in property for over 30 years having graduated from the College of Estate Management, Reading University, and then qualifying as an Associate Member of the Royal Institution of Chartered Surveyors in 1983, before being elected a Fellow in 1992. 

By the age of 35, he was a Salaried Partner in a well-respected firm of Chartered Surveyors and was managing partner of their West End of London Office. His speciality was commercial property but during the recession of the 1990s his specialisation became redundant, and so did he 

CONTACT METHOD 

http://www.thepropertyteacher.co.uk/ 

• [email protected] 

 

 

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

Do you want to fly first class around the world and stay in 5-star hotels for next to nothing? In an insightful interview with fellow frequent flyer Mark interviews professional Avios point collector, savvy travellor and property developer Ian Walmsley. Mark and Ian share with you the tips and tricks to collecting travel points, the best cards to use and how to collect a number of rewards simply by knowing which cards and services to use. Take a trip into Mark and Ian’s wallets and hear first hand which cards they use to travel first class around the world. 

KEY TAKEAWAYS 

 

Where are you redeeming the most points? 

For earning for points I will use the American Express Platinum card. The annual rate is £575 per year but you will earn that back during the year. This card earns you 1 membership point per pound spent which can be exchanged for flights on BA, Virgin Miles and a range of hotels, you also get travel insurance around the globe and premium car hire insurance. For every pound that you spend on the American Express card transfers to 1.5 Hilton points and additionally and for every 5 nights that you stay gives you get one night free. 

 

Where do you pick up the tips and tricks? 

I pick up a lot of information from blogs and sites and quite often read non-English blogs to pick up some great deals. It’s also worth setting up Google alerts to notify you when certain sites post offers and deals. 

 

British Airways Platinum Plus Card 

Only generates British Airways points at  1.5 Avios points per pound spent. The biggest benefit of this card is that when you spend £10,000 per year you get a companion voucher each year which allows you to get 2-4-1 on travel fair. If you and your partner both have these cards and spend regularly you can get two companion vouchers meaning you will get 4 return flights for the price of 2 in business or first class. For long-term spending, this is the best card you can get.  

 

The Curve Card 

Where credit cards are not accepted you can use the Curve card and re-charge those payments to a visa or MasterCard. You will also pay zero foreign exchange fees while abroad. You can use this to re-charge to the Virgin visa card and as systems recognise the curve card as a debit you can pay for government services with the HMRC with your card. A lot of people are paying taxes and earning points through the Curve card.   

 

BEST MOMENTS 

“I’ve been collecting originally air miles before they were Avios for over 15 years.” 

“I like to save money” 

“Since air miles became Avios and it came online, I’ve been able to save a lot more and now I frequently use them to fly around the world” 

“I got around a million Avios points at the moment” 

“I got a trip to the Maldives in the Waldorf that hotel should of cost me 20K and I got it for 2K” 

“The Hilton is probably the best hotel scheme for mid-range members. It’s the only scheme that includes breakfast and more benefits.” 

“The majority of people don’t actually know how easy it is fly first-class and get these trips for next to nothing. Essential we’re just playing the game.” 

“HSBC and Virgin cards are good for visa spending.” 

“The Virgin credit card is the best credit for collecting points” 

“When your window opens up you’ll quickly be able to see what you’ll be able to book.” 

VALUABLE RESOURCES 

https://jacksflightclub.com/ 

https://www.headforpoints.com/ 

https://rewardflightfinder.com/ 

https://awardwallet.com/ 

 

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  

ABOUT THE GUEST 
Ian Walmsley is a professional Avios point collector and savvy frequent flyer along with Ian’s travel geek and planning geek hats he is a professional property developer and owner of South East property company Leading Homes.  

 

 

 

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

Join an in-depth property discussion with your host Mark Homer and founder of property management software Go Tenant!, multiple business owner and self-made millionaire, Rick Gannon. Hear expert property advice for both beginners and pros and get insights on the best property strategies, the future of the UK property market post-BREXIT and discover what you can do to become a successful property investor as Mark and Rick answer questions from the community.

KEY TAKEAWAYS

• Question: Are we going into a recession?

Answer: If we leave the EU on the 31st October we will see a correction in the UK property market, this can vary from 10-30%. The bank of England believes we will see a 30% reduction in prices in the first 12 months with another correction at the end of 2020. However other articles predict 15-20% reductions. Nevertheless, it depends where you’re located in the UK, in the North property prices are still achieving 100% of asking, however, year on year properties in London are seeing a decrease in prices of about 0.8%.

Question: What can you do if your strategy isn’t working and you’re not securing any deals?

Answer: You’re probably not doing enough viewings and not offering on every property. You need to offer on 10 properties a week and fill your pipeline up. It’s a numbers game and simply by the numbers, you will get some deals. Learn from the objections you’re getting and work on your pitch.

Question: Should you manage your property portfolio yourself or outsource it to an agent?

Answer: It depends on your lifestyle and how much time you’ve got. It’s a good use of time to outsource your properties however, it does depend on the property strategy. With HMO’s it can be more difficult and it may be better to manage it yourself. Rick has a useful app called Go Tenant! To help with these challenges.

Question: How can I minimise risk when investing in the current market?

Answer: There are lots of types of risk such as yield, capital, tenant risk, financial risk, and contractor risk, ultimately it’s important to fill up your pipeline and manage your financial risk with fixed rates and to ensure you’re not exposed. You can also reduce your risk a lot by referencing tenants effectively. We do all of the due-diligence of tenants before the viewing using Go Tenant! Remember an empty room is better than a problem tenant.

Question: Do you have any tips on negotiating a property price?

Answer: Try and give them what they want. Try to give them everything they want other than the price, be flexible with completion dates, accessibility and build a relationship with the seller directly. Make yourself better than everyone else bidding on a property.

Question: Are property investments in the North overtaking London?

Answer: It depends on what context, the yield is guaranteed to be higher in the north although the capital gains and property value are less certain. It’s very hard to predict, however historically London has always been ahead in terms of capital gains. There is a lot of uncertainty right now and the sterling is very, very low but once the uncertainty lifts after BREXIT all the money waiting on the sidelines will just pour into London both locally and internationally once we’re in a more stable market and the pound recovers.

Advice From Mark

Clause 24 and difficulties with clause 21 are making property investment more challenging. The Holiday let market along with serviced accommodation units sidestep a lot of recent rules and regulations affecting more established property investment strategies. Although It’s always a good idea to diversify your portfolio to adapt to changes to the current economic climate.

 

BEST MOMENTS

“The last cycle started in Mayfair in 2010 and then price rises spread throughout the country as people moved”

“It’s always a good time to buy at certain price levels, it depends on potential capital gains and potential yield”

“The next month might actually propose an opportunity to buy at lower prices”

“The bank of England has made an assumption on XY&Z and either way it’s only one outcome”

“There’s always going to be something that stops people from investing, there’s never going to be a right time.”

“You’ve got to adapt to survive”

“Don’t focus on the things that you can’t control”

“We’ve moved the majority out into limited companies”

“The direction of property moving forward politically. Is it better to progress with a commercial strategy that drives cashflow?”

 

VALUABLE RESOURCES

https://gotenant.co.uk

https://www.rickgannon.com

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

ABOUT THE GUEST

Rick Gannon is a serial entrepreneur, multi-business owner and self-made millionaire. Rick's main focus is helping others achieve their financial goals through investing in high cash flowing property. Rick is the Founder of "Go Tenant!" Property management software and tenant recruitment software. Rick is the best selling Author of Number 1 best seller property book "House Arrest" and columnist for 2 national UK property magazines. Rick has featured on Sky Television and is seen as the industry expert for multi-let / HMO property in the UK.

 

 

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

Today, Mark interviews Aitch Group’s head property developer, influential in the development of over 2500 homes and expert in private housing, Henry Smith. Mark and Henry discuss in detail why property investment is the perfect opportunity for entrepreneurs and share with you the tools you need to be successful in today’s turbulent market. 

KEY TAKEAWAYS 

Property investment. This is the best investment you can ever get into because the business plan is already there and the buildings are already there, all you need to do is just spot the right one for you that you can refurbish and maybe rent it out or sell it out and make a lot of money, either office apartments or homes. 

Why do you hold the properties? You can decide to hold your property because the world is always changing and a lot of people are looking for homes, office space and many more, and then you can wait for the right time to sell your property, and this is when the market price is very high so that you can make huge amounts of money. 

What do you need to succeed in property investment? There is a need for the best management there could be because poor management of these properties, poor refinancing, poor attitude, all these can result to you as a business making poor decisions and very huge losses. 

Training and seminars. And this is not only for property investment, but it runs through all businesses. If you want to succeed in your business, you need to be trained on what your business should entail, and you should look for people who have done your business and succeeded in it. 

Another way to succeed in property investments such as buildings is all about working with the right developers. Having the right team with you and people that you are able to work with throughout, what they can build and how quickly you can build it. 

• Investing in property is very advantageous because you get to travel the world, meet a lot of people and make lots of money. 
• Hold property wherever financially you can, it's a great asset, both commercial and residential in the right location. If you've got a commercial unit lockup, perhaps, in the middle of nowhere, that is very hard to let, then don’t do that. 
• Good management is the root of a successful business. If you have the best management in your business, then you're going to be successful in your business because good management prevents misuse of resources and other things in the business. 

BEST MOMENTS 

• “Don’t think of now, think of 10 years' time, think of the future because once you build that building, you can't wake up tomorrow morning and decide to demolish it again and start building it again.” 

• “You lose a lot of money when people don't put any skin in the game.” 
• “If you don't sell, you don’t earn.” 
• “Plan for the worst and hope for the best.” 
• "Borrow as much as you can is the worst advice you could ever receive. Borrow money when there is a need for money." 
• “You need to learn from your mistakes but don’t repeat the mistake twice.” 

VALUABLE RESOURCES 

https://www.standard.co.uk/business/secrets-of-my-success-henry-smith-boss-of-london-housebuilder-aitch-group-a3731706.html 

ABOUT THE GUEST 

Henry Smith is the boss of property developer Aitch Group, a private house building firm founded in 1995 which has built more than 2500 homes. Being able to provide homes and employment opportunities in the area that he grew up in is a real win for him. 

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/

Are you an entrepreneur out there who wants to know and invest in liquid assets like wine and see huge returns on your investment? In today’s episode of Mark My Words, Mark and innovative entrepreneur and investor Daniel Gurr discuss in detail the opportunities in wine investment, how to store your wine to avoid damage, the benefits of investing in wine over other investments and why now is as good a time as any to begin to invest liquid assets.

KEY TAKEAWAYS

• Financial markets and how the traditional remit of investments have changed over the past decade. That's due to financial market volatility and of course, the environments of record-low interest rates we find ourselves in, so traditional investors are starting to look outside the mainstream box and adopt strategies within alternative asset classes. Fine wine has characteristics which enable the markets to have a very low correlation to other financial markets. With, of course, the trajectory of the market over the past 10 years, we've got consistency, of course, with the market being demanded by the higher echelons, which is increasing year by year is a good time to invest into the asset class itself.
• You might come into the market and ask how is the price going to keep on going up in value? The fine wine market has two very unique characteristics.
• It has an ever-increasing demand because of course, it's a consumable asset, but it's also an asset that increases its quality over some time. So straight away what we've got here is a market that's got finite supply, ever-increasing demand because the wine is maturing, but it's also got an ever-decreasing supply.
• The best thing about fine wine is that it works off a compound interest formula. It's interest upon interest upon interest. So in your first year from that asset, you might see eight to 10% but come that second year, the circulation is decreasing.
• All of the client’s wine is stored and insured and as long as it's stored in HMRC regulated facility, the wine will stay in that bonded warehouse for remaining of its life. So, therefore, duty and capital gains tax are not applicable.
• If you had two investors that wanted to come up to you and invest into property, one was a complete novice and never invested into a property before, you're probably not going to introduce them to an HMO or commercial conversion, whereas if you've got someone that has been in property, they've got a background in property, you would introduce them to something different, and that's the same for wine. They can sort of diversify and get into the slightly riskier stuff and make higher returns once their knowledge grows.
• Red wine is at the core of investment, what about white wine investment? That is more so into a specialist market. What we advise clients is we look at the red wine because of course, with regards to that it all comes back to history and with ourselves, if we're putting our name to what we're suggesting you as you can appreciate, we have to know the full corporate background of that particular wine and it's not to say white wines don't go up in value but of course, they don't have the history and they don't have the corporate background to what red wine has.
• Where and how do you store wine? There are a few storage facilities in the UK. They’re HMRC regulated facility. They're holding it 13 degrees here, away from sunlight, away from the vibration. If you're going to store wine yourself, it has to be stored at the right temperature. As long as you keep red wine at a consistent temperature, because if you've got the uncertainty affecting that wine, that there will be an effect there.
• There are different subsidiaries, you've got Octavian, you've got LTB and you've got AHD just to name a few, but I'd be phoning them and asking them how this business is? How long have you been working with that particular company? Would you say they're credible? And get their opinion. Also ask the question, "Do you have a wine that you're trading to me? Is this currently in your account?" Or are they taking your funds and then going out to source the stock.
• Why is wine better or not better than other physical assets? The direct answer to that is fine wine has characteristics that other collectables and other alternative investments don't have and that would be fine wine matures as time goes on. So it has an ever-increasing demand, but because it's a consumable asset, there will be a time where the availability of that wine is going to run out.

BEST MOMENTS

• “Bullshit baffles brain.”
• “The quality of the wine improves over time as it gets older unlike a watch or a car.”
• “As people drink it, there is less of it, therefore; the supply side and the demand side should become more favourable over time pushing the price up.”
• “I believe fine wine is a great way to insulate your wealth when there is economic uncertainty and even more so than gold.”
• “Fine wine is inverse to cyclical trends and cyclical trends being traditional re-investments.”

VALUABLE RESOURCES

• Book called Investing Into Liquid Assets

ABOUT THE GUEST

Daniel Gurr is an entrepreneur helping people reach their financial objectives by creating innovative and exciting strategies. Daniel is one of the portfolio advisers and has been with Elite Fine Wine for 3 years after transferring from a wine merchant in Australia over to the UK. Daniel has been instrumental in the accelerated growth of Elite over the past 2 years and played a key role in the development of some of our more junior team members.

CONTACT METHOD

• LinkedIn: https://www.linkedin.com/in/daniel-gurr-665b6014a/?originalSubdomain=uk

 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/

In this joint episode of the Mark My Words Podcast with The Property Vault, learn how Mark could start and grow his own property business, Progressive Property. From his bedroom alone buying single-lets to a company who has now more than tens of thousands of members, Mark’s journey is something to hear about. 

Just like other businesses, Mark and his partner Rob Moore face challenges. Unforeseen encounters are likely to happen no matter what preparations you put in place. Learning, re-evaluating, and tweaking the system when necessary can make the tasks and processes run as smoothly as possible. Progressive Property grew before our own eyes and is now one of the established property investment companies in the UK. Learn more today how they did it so you can do it also, even on your own, when you listen in.  

KEY TAKEAWAYS 

• How important are systems and processes in a property business? It’s difficult to find the best model that will work for your business. So, at the beginning, it’s advisable not to overthink about this—just go with it and you’ll see what the perfect system is for your business as you go along. 
• Should you own your investment property personally or via a limited company? Mark says to be careful of the high taxes that will be incurred. Consider how small or how big your portfolio is before deciding what’s suited for you. It’s best to ask your accountant or financial adviser. 
• It’s the planning consultant you approach first, not your architect. You can get more units, prevent inflated prices, and have more interested vendors when the design, which can become inflexible or inefficient for some, is already placed. 
• Tips on finding the right builder: 

• Go around the site, look for buildings of the same standards you want, then ask who the builder is.  

• Take lots of pictures that you can show the project manager. 

• What are the core things you need to consider when you build systems in a property business? 

• Establish good relationships (partnerships, teamwork, customer service, etc.) 
• Be flexible. 
• Testing in different environments. 

•  Who inspires your business in a daily basis? Warren Buffet and Charlie Munger 

BEST MOMENTS   

"You need to find the right person for the job.” 

“Test them for 3-6 months working with them reasonably to see how your personalities fit.” 

“There is a risk in responsibility.” 

VALUABLE RESOURCES 

Progressive Property 

HMRC - https://www.gov.uk/government/organisations/hm-revenue-customs 

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/

What’s the best car model to invest in right now? 

Having classic cars (or vintage cars) isn’t a big liability at all, as most think. If your investments are already in placed and you’re looking for a new game plan, then look into classic cars.  

In this episode of Mark My Words Podcast, Mark chats with Daniel Gannon, the Co-director of Car-Iconics Ltd. Daniel has been passionate and very knowledgeable about cars ever since. Discover everything you need to know today so you can make money and enjoy your passion about cars at the same time. 

Mark and Daniel dive deep on the technical stuff--aside from giving financial advice—from learning about what to inspect when looking for cars worth investing to learning about the car market, there’s a lot to learn on this episode. 

KEY TAKEAWAYS 

• The classic car market, since early 2000s, have slowly fell down. Cars right now have become electronic- or technology- heavy.  
• Putting it in in a bank is also a risk. So, if you’re in a good position with your investment portfolio, it’s okay to put those extra cash on a new car. At least, a classic car’s value grows through time and it’s something you can enjoy at the same time. 
• How do you make sure you’re buying a high-value car? Do visual and mechanical inspection. And, brands are all the same so it shouldn’t be your first basis. 

• According to him, the best car is a Mercedes-Benz AMG SL 65 MG V12 (R230). He bought his own of the same model with just £7,000, and it was worth it. 
• They’re looking on putting more left-handed driven cars because there is a larger demand for them. 

BEST MOMENTS   

"Definitely, for the last 10 years, you can say that money has never been cheaper.” 

“Look at cars that are off the radar.” 

“You got to love what you buy.” 

“It’s important that you buy a car that’s been restored by the right company.” 

VALUABLE RESOURCES 

Progressive Property 

How Many Left? - https://www.howmanyleft.co.uk  

ABOUT THE GUEST 

Daniel Gannon is the co-director of Car-Iconics Ltd. Daniel’s and his father Stephen’s passion about cars inspired them to start their own brand and in which, they’ve been sharing their knowledge and experience on driving, collecting, racing, and restoration of cars. Aside from these, their business also gives the best advice so you can choose the best car out there which you can not only enjoy driving and owning, but also enjoy its investment potential. 

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/

If you’re planning to do a big property development in your area, then this episode of the Mark My Words Podcast is for you. Today, Mark talks to David Kemp, who has over 15 years of experience in planning. Planning is a long process but David will make sure to touch all the topics that are involved—from submitting your application to financing to talking to authorities and the neighbourhood to starting the property development.

Learn more about permitted development rights, the key risk management areas, and dealing with the objections that come from people in the area. It’s important that everyone is well-informed and no one will be so everything will go as smoothly as possible. David also shares some planning challenges he has faced and how he dealt with it so make sure to listen in.

In planning, you have to push the boundaries if you have to.

KEY TAKEAWAYS

• Permitted development rights allow you to convert buildings without a planning commission. There’s a process you have to go through first before you enjoy the automatic grant. You have to get the approval of the council after they’ve consulted your immediate neighbours. The neighbours need to be informed about the depth of your extension.
• Traditional retail is struggling lately in the country. It’s become difficult to find a space since there is a shortage or the rates are high.
• In regards to the right of light, you have to consult a property lawyer for legal advice. Make sure you’re not breaking any laws, so you don’t have to face legal ramifications.
• We don’t know what will happen with Brexit and the Bank of England is giving forecasts with what might happen to the UK economy. People now realize opportunities in property investment.
• Always think about the risk. Observe before selling. Test if you have to so you don’t lose a big amount of money. Also, note the key risk management areas. For example, in terms of traffics and parking, hire a team member who’s a good parking highway consultant and can work well with your planning consultant. Other things you should take note: flooding, trees, heritage areas, community engagement, viability and marketing.
• 5 Tips On Meeting Residents and Neighbours
• Figure out who the key influencer is in the area and win them over.
• Explain what the scheme is about. Make them understand.
• Keep your cool. Practise the art of positive communication.
• Encourage them to sign feedback forms.
• Highlight the benefits for the area.
• Speak first to your borough or district members.

BEST MOMENTS

• "It’s politically often a lot easier to change the offices at the moment than to change to residential.”
• “There’s not much free office space left. The rents are going up.”
• “Always ask questions.”
• “As developers, we’re not going for the planning process as the academic exercise.”
• “So much of the planning is a grey area, and it’s all about where we see if we can push the boundaries.”

VALUABLE RESOURCES

• Progressive Property
• Mark My Homer Podcast: Mark Interviews David Kemp Development Consultant | Omny | Apple | Stitcher 

ABOUT THE GUEST

David Kemp has over 15 years of experience as a planning consultant for both the public and private sectors. He has also worked as a chartered surveyor, Town and Country Planning consultant and as a planning and environmental lawyer. Throughout the years, his expertise has helped developers, occupiers, and local authorities on the legal and procedural aspects of planning.

David Kemp is currently the Director of DRK Planning Ltd.

• [email protected]
• LinkedIn - https://uk.linkedin.com/in/dkemp

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, as well as 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/

In this episode, recorded at the Property Super Conference keynote speaker Mark Homer discusses the current picture for the economy and the possibilities for the future as we move through the economic cycle.

He provides an insight into the research and data he analyses to ensure the continuing adaptation of his business to meet the challenges of our changing economic landscape.

He discusses his current strategies and why it’s all about doing deals that work in any cycle and protecting the downside whatever the economic backdrop.

KEY TAKEAWAYS

Where we are now

• The lesson about predictions and guessing when the next recession will be and where we are in the cycle is that there are many unexpected variables in play at any point during the length of the cycle.
• It's about doing deals that work in any cycle, protecting the downside, going for a rental model, going for a long term strategy based on income.
• Based on the cycle over the last 10 years, we are on the upward trajectory - rates are low and confidence is starting to rebuild.
• Most businesses are not investing, mechanising or spending money on infrastructure because we have experienced a series of uncertainties.
• Lots of them still have the income and are making sales but because they don’t want to make long term investments they are hiring more staff.
• If there is a downturn they can make redundancies whereas it's more difficult to get back funds from long term technological investments.

The productivity puzzle

• The yield curve switched recently, often an indicator that a recession is around the corner
• The output per worker is not increasing and the cycle is changing indicating the underlying story of what will happen in the future.
• There are more investment opportunities, new housing and developments are not selling at the same rate as previously.
• My solution strategy  is to develop, keep it and rent it out
• A PRS development managed in-house provides a good yield and the capital growth comes over time.
• If you are selling, work with smaller units in areas with good rental demand and make sure yields would be good for implementation of a secondary plan – letting them out.

The next recession

• We are in the second part of the cycle, in the first half there was growth. The last cycle was 18 years long.
• Incomes have been increasing and businesses haven’t been investing resulting in money ready to be invested when Brexit is resolved and there is more certainty.
• Currently, there are opportunities and finance available, if you can adapt the ways you are investing you can move forward successfully.

 

BEST MOMENTS

‘The bank of England give you very specific information and households are still spending ‘

‘If you can get the site cheap enough, almost anything works, it's all dependent on what you pay and what the market is afterwards’

‘There has been a big shift which has dramatically altered the backdrop’

 

VALUABLE RESOURCES

Progressive Property

 

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, as well as 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 protected]

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

https://www.facebook.com/markprogressive

https://twitter.com/markprogressive

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

Mark answers questions from his mentees. Discover how you can utilise limited liability partnerships (LLPs) for your business, how you can SSAS for residential property purchases, how you can transfer properties to ltd companies, and how you can claim incorporation reliefs instead of paying capital gain. He gives detailed answers and great advice on their problems. You might have some questions about property that Mark has answered already so make sure to check out this episode.

KEY TAKEAWAYS

• Advice for company structure arising from business plan reviews. A business plan has 70% rent to SA, 20% e-commerce, 10% acquisitions.
  • Mark suggests including 1 LLP to offset against taxes. An LLP comprises two or more people (i.e. sole traders) and it limits the liability. The debts of the LLP can not be your debt personally.
• Can a single property be transferred to another company? Some put it in an LLP for 2-3 years the move it to an ltd company, but you got to pay the fees. If you’re dealing with multiple properties, you can directly transfer to an ltd company and claim incorporation relief.
• Can SSAS be used to purchase residential properties? If you want to use the money for residential purchases, it can lend the money to an ltd company as a loan but it needs to be charged over the building.
• Section 162 Incorporation relief – You can claim incorporation relief and not pay capital gain when you’ve proven that validity of your business.

BEST MOMENTS                                                                                                                                                                                

• "I think having 1 LLP in your suite of entities is definitely good idea.”
• “If you've got a lot of properties, you can go straight to an ltd company and claim incorporation relief.”

VALUABLE RESOURCES

• Progressive Property

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, as well as 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/