How a Mother & Daughter Started a Property Business Together From ZERO

The Progressive Property Podcast

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Kev is joined by mother and daughter team Sophia and Danica to talk all about their journey into property including how much invaluable knowledge they learnt from Kevin’s No Money Down Course and Mastermind.

KEY TAKEAWAYS

• Sophia built her initial property portfolio by sourcing properties on behalf of her previous accountancy clients as investors. She would then charge them a sourcing fee and then a management fee.
• After 6 years, Sophia was finding the business growth difficult to manage, so she recruited her daughter Danica.
• They found progressive in 2020 and bought Kevin’s online No Money Down course. This led to them joining Kevin’s Mastermind and they haven’t looked back since.
• Since doing the course, Sophia and Danica have started to use other people's money to buy their own properties as well as doing some rent2rent deals and serviced accommodation, expanding on what they were previously doing.
• There are a lot of opportunities in the market right now. There’s not a lack of money like many believe.
• Buying at the lower end of the market isn’t the only way to make money. If you buy in more expensive areas, there are a lot of opportunities to add high value.

BEST MOMENTS

“Something just said to me, go for it”

“The right time was yesterday, now is a great time to get into property, there is so much coming onto the market”

“Expensive areas are where you can actually make a lot more money because you can add a lot more value”

"There's a benefit to the tenant and the landlord"

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

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.

CONTACT METHOD

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

https://kevinmcdonnell.co.uk/

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