Mark My Words

In an emergency episode, Mark breaks down the impact of the Russian Invasion of Ukraine on the UK markets, inflation and house prices.
 
THE HEADLINES

• INTEREST RATES: Interest rates aren't going to move that much. Away from their current expected path. The market thinks that a UK based rate goes to about one and a half percent terminal rate of about one and a half, 2% over the next two to three years.
• LONDON HOUSE PRICES: There is an estimated 1100 Russian owned properties in London, even if all were seized this would not likely have an impact on the overall market. It potentially may in west London where the majority are owned.
• REGIONAL HOUSE PRICES: Is it going to affect house prices regionally in the provinces, across the rest of the country?  I don't think this is going to have a major effect on UK house prices.
• STOCKS: Lots of stocks have been hit really hard, particularly brands that export to Russia either goods or services. Overall markets will continue to dip based on the uncertainty of the global situation. More money will go into bonds.
• FUEL AND ENERGY: Some economists saying fuel could hit £2 per litre, as supplies from Russia are cut off in the immediate future there will continue to be increasing energy and fuel prices, compounded by supply chain issues of the last 2 years.
   

VALUABLE RESOURCES

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

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
 

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

“Progressives' vision is to help as many people on the planet invest freedom, choice and profit. We’ll keep doing that as long as we can and not quit”

Join the co-founders of Progressive Property, Rob Moore and Mark Homer as they celebrate the 15 year anniversary of Progressive! Rob and Mark have made hundreds of deals, navigated through recessions, highs and many lows, constantly having to innovate and change to remain relevant and prosperous. They also talk about their favourite moments, who and what inspires them and what the next steps for themselves and Progressive will be.

KEY TAKEAWAYS

• Like many businesses, Rob, Mark and the various Progressive companies, have had to adapt and pivot to manage through covid. Their ability to adapt, willingness to evolve and foresight has allowed them to not just survive during the pandemic, but thrive.
• The biggest thing that has impacted Progressive in the past and continues to do so, is government changes; including introducing new laws, regulations and planning regulations.
• The renting landscape is changing. There is more and more demand for residential properties and the standard is also shifting. Such as included amenities and the high quality finish that is being created and found in rental properties.
• Neither Rob or Mark envisioned the place they are at today. They could easily retire off their property portfolio alone, excluding the income they receive from their other businesses.
• The journey to becoming the biggest training company was exciting but the challenge has been staying there. People are constantly trying to steal Progressives ideas, trainers and everything else! They have to be ahead of the game to remain at the top.
• Rob and Mark have never wanted to quit the Progressive journey. Of course they have had their share of challenging and difficult times but they have always had faith in property and in themselves, to keep moving forward.
• Progressives visions is to help as many people as they can, to invest for freedom, choice and profit. They have helped thousands of people to date, Rob and Mark don’t celebrate this often enough!
• To key being a successful entrepreneur is remaining unsatisfied; you have to always be striving for more.
• It’s essential to have complimentary skills with a business partner. This is how Rob and Mark have been able to work together so successfully for so many years.
• The government have a lot of power; this is the most valuable lesson that Rob and Mark have learnt since the start of the Progressive journey. They cost Progressive the most and they also impact them the most with many regulations and changes they make. Key to overcoming these challenges is the fact Rob and Mark have kept Progressive Nimble, with good cashflow and surrounded themselves with the right professionals to navigate any changes that impact Progressive.
• Life is for living, we all only get one life. It’s important to always remember that. This is one of the things that drives Rob through life and
  
  

BEST MOMENTS

“You do get passive income but you also get active problems”

“All these changes have been sped up over the past couple of years”

“I learned a lot from Mark in those early years to catch up…once I started to believe in myself I started to think we could do everything”

“It’s got to be about our customers and our tenants, and our investors and our community”

“It was always property first, before training and course…you can’t teach what you don’t know”

“One of the biggest lessons for me is to stay nimble, keep plenty of cash”

VALUABLE RESOURCES

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

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/

In this revisited episode episode, Mark shares his thoughts on how to teach and motivate children to invest in property and be successful. There are tips on how to get a mortgage, what types of property to buy, how to rent your property, what you need to know about taxes, and the secret strategy that could allow you to obtain a house for free!

VALUABLE RESOURCES

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

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/

Mark talks through his plans for the next year, including where he is at with his present development and discusses the current state of the UK market. Mark also highlights what impact he thinks various current events might have on business owners, investors and property developers.

KEY TAKEAWAYS

• Retail and Offices have had a difficult time but this could be an opportunity for some.
• The stats show that property prices have risen significantly across the board but as discussed in previous episodes, there are many reasons for this both directly due to the pandemic as well as indirectly.
• There is clearly a major energy crisis at the moment, this has been building for many years and is coming to an expensive head. Environmentally friendly options are the end goal but in the medium-short term we need to consider other options such as nuclear energy.
• Food apps such as Deliveroo and JustEat are here to stay, the growth and investment at the moment is very high. Eventually it will be too much and there will be some consolidation but for now it’s a booming market.
• The Chinese economy continues to grow tremendously, there has been a lot of investment and development but it’s important to pay attention to the messages the Chinese government are sending too.
  
  

BEST MOMENTS

“Interest rates are expected to go up but really all they’re doing is normalizing”

“These apps are clearly here to stay, they’re going to grow”

“Does it mean the rich are getting richer? Well no, not necessarily”

"This is communist China, what's actually going on under the surface no one really knows"

VALUABLE RESOURCES

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

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/

Listen in to this episode to hear Mark Homer talk about his predications for 2022, where the market is going, what he thinks may happen and the impact this will have on business owners and property investors

KEY TAKEAWAYS

• Smaller units and apartments have been selling slower in 2021 –vs- houses, especially in London. The North and satellite cities such as Peterborough have benefitted from this and have been ‘catching up’ with London.
• There have been a lot of discussions around inflation. Mark doesn’t believe there is going to be some massive spike of inflation into the double digits, he just doesn’t think this is likely to happen, most of what we is seeing is just a short term side effect of restrictions and lockdowns on supplies.
• Mark thinks that capital growth in 2022 will be higher on smaller units and apartments in cities than it will be on houses in rural areas, mostly due to the success the latter has found in 2021, everywhere else will be playing catch-up.
• Cryptocurrency has had another successful and strong year in 2021. Many people have used it as a speculative investment strategy as well as a way to store money. 2022 is likely to be a more turbulent year and many of the smaller cryptocurrencies will probably fail.
• Look for yield in 2022. Only invest in assets that are solid, will yield well and that you fully understand.
  
  

BEST MOMENTS

“I don’t need to tell you in 2021 house prices went up a lot”

“My educated guess is that the equilibrium rate probably hasn’t changed that much”

“Once you become the best, you beat the rest of the market and you end up making solid returns”

VALUABLE RESOURCES

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

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/

 A brief but informative episode where Mark shares his views on the rumour of crash coming and if so, why that is. He gives an overview of the current state of the market and the varied and likely reasons behind what we are seeing.

KEY TAKEAWAYS

• The market has dipped a little bit, possibly because of Omicron and also because the market has been doing a little too well previously.
• If anyone is saying they can predict a crash then they are either lying or misguided. There are only two types of investors, those who can’t time the market and those who know they can’t time the market.
  
  

BEST MOMENTS

“That’s usually how I have lost money in the past, I like buying certain stocks when I feel they’re really cheap”

VALUABLE RESOURCES

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

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/

One of Mark’s biggest property deals, a conversion of an old M&S building into residential apartments and a supermarket is almost complete and in this episode he talks about the many lessons he learnt. He also talks about planning decisions, the impact of new building regulations and the many new environmental policies such as heat pumps, new EPC thresholds and electric charging points.

KEY TAKEAWAYS

• The key with any big project is to have enough profit to make it work. Costs and challenges are inevitable so you need to have that margin of error to deal with these things.
• There’s been massive change in the construction of residential blocks since Mark first embarked on this project. There’s a lot of new legislation around wall buildups, cladding and building regulations are being properly enforced that were previously ignored by unscrupulous developers. 
• Heat pumps are really ineffective for many types of houses. It makes them worse for the environment if they don’t work efficiently. They are a high cost and are unlikely to bring bills down.
• A new product on the mortgage market is a 40 year mortgage with no early repayment fee. Mark states that essentially it is ‘insurance’ as fixed mortgages are and people will end up paying a lot more for this product.
• Local councils are under huge pressure from central government to build and consent more residential schemes. Once areas run out of brownfield sites there are only greenfield sites or previously declined sites: this is probably why there are more instances of new builds etc flooding. Part of the difficulty with these things is that planning decisions are made by individual/regional offices that all make different subjective decisions.
  
  

BEST MOMENTS

“Electric vehicle charging points won’t have any value at all”

“They’re getting a heating system that I don’t think is very good”

“It some ways it’s quite good as those sort of landlords that aren’t compliant they are weeding them out one by one”

“It’s a virtual guarantee that they will spend more in the long term with a product like that”

“The whole planning system in this country is a big web of individual offices making arbitrary subjective decisions made on whims and what they feel”

VALUABLE RESOURCES

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

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/

Welcome to another episode of the Mark My Words Podcast. In today’s episode, your host Mark Homer interviews Michael Edwards, yes the one and only Eddie the Eagle. Here, Eddie talks about all of his experience being a professional ski jumper, what he has learned in life and about property investment.

Firstly, they discuss Eddie’s success in the ski jumping world and how he was able to overcome all the obstacles put in front of him, despite all the sneers from the negative people around him. Mark and Eddie discuss he journey to the Olympics and, the experiences Eddie has had since entering the world of property investment.

KEY TAKEAWAYS

• Eddie is knowledgeable when it comes to property investment. If he had money, he would buy a property. He does not like to rush. He would develop the property in 3 to 4 years and then sell it and then repeat the whole process. He made a lot of money because of his style of investment.
• Eddie mentions that he would have preferred to manage his own money in the past. He would have more control over it, and it would not have dwindled away. He wouldn’t have to file for bankruptcy. His money wasn’t being taken care of well by the Trustees. He thought he could trust them but apparently not.
• Eddie wants to advice everyone to never give up. To never lose sight of where you want to go and what you want to do. Sometimes that might mean taking a step to left or to the right or taking a few steps back in order to progress forwards.

BEST MOMENTS

”One thing that drove me is that passion for doing something that I absolutely love doing.”

“I don’t believe in the word ‘can’t’. I always think there is a way and you’ve just got to work out what that way is.”

“Life’s too short to not to do what you enjoy doing.”

“You’ve just got to think outside of the box and get around that obstacle. But never lose sight of where it is that you want to be. Never give up.”

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 his other investments he’d tried in the last ten years, combined.

CONTACT THE HOST

• Email: [email protected]
• LinkedIn: https://www.linkedin.com/in/markhomer1
• Facebook: https://www.facebook.com/markprogressive
• Twitter: https://twitter.com/markprogressive

ABOUT THE GUEST

Michael Edwards is an English skier who in 1988 became the first competitor since 1928 to represent Great Britain in Olympic ski jumping, finishing last in the 70 m and 90 m events. He became the British ski jumping record holder, ninth in amateur speed skiing (106.8 km/h (66.4 mph)), and a stunt jumping world record holder for jumping over 6 buses.

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

Listen in to this episode where Mark is joined by Shaz Nawaz, chartered accountant and labour councillor as they delve deep into the recently announced budget. They discuss their own views on what Rishi Sunak has announced and also how this will impact many of us in real terms.

KEY TAKEAWAYS 

• Rishi Sunak has announced many things in this new budget, nothing that is particularly ground-breaking but quite a few things that will impact property investors and developers.
• Rishi stated he will be putting 24 billion into affordable housing which will be around 180 thousand new homes – but over what period is this over and will it actually have much of an impact on the housing crisis, house prices and rent? Probably not.
• Any government who are serious about tackling the housing crisis needs to move away from affordable homes and this term as they do not actually solve anything as they aren’t affordable for those who need them most.
• Any developers in blocks of flats will have to pay a 4% surcharge on corporation tax to help pay for the removal and replacement of dangerous cladding.
• Inflation is a hot topic around this budget announcement. It’s important to put this into perspective and understand what is driving this: businesses being shut during the pandemic, supply chain disruption but then high demand as we are going back to normal. This is basic economics and was always going to happen.
• Shaz has been quite disappointed with this budget announcement. Especially regarding the pressures currently on local government. People care about what is happening to them locally on a daily basis such as street cleaning, business rates and other local provisions: they have had their budgets cut by 80% in Shaz’ local city of Peterborough.
• There will be a 50% business rates discount/relief for those in the service industry which includes serviced accommodation.
• Shares of property developers are all up around 1% and large property landlords are also up. This is good news and shows that the market is confident at the moment, perhaps partly due to brownfield land being made available for residential property and changes to permitted development rights continue to help generate retail conversions.
• There has been talk about a wealth tax to replace inheritance tax. But Mark feels like this is unfair, but he does understand why we need tax. He believes in making a faster economy and generating tax from increased economic activity rather than having large public spending which we can’t afford.

BEST MOMENTS 

 “What is sold to be affordable really isn’t affordable to people who can’t afford these homes”

“it’s just simple economics, price rises equal inflation, this was always bound to happen”

“All politicians just want to deliver good news…some of these ideas or just old ideas”

“It’s always good to use those kind of sites as you aren’t going to upset people as you aren’t going to be tearing up the green belt”

VALUABLE RESOURCES

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

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/

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