How to Invest With No Money | Mark Homer & Rob Moore

Mark My Words Podcast

The famous saying ‘save the best for last’ rings true today as Mark and Rob are back with the final instalment of their investment series. In today's podcast discover how even if you have no disposable money, you can still make worthwhile investments which can set you on your journey to success. Mark andRob discuss the benefits of a JV partnership, how to find long lasting investment partnerships and how to secure loans.

KEY TAKEAWAYS

• One way to get into property investments without deposits is by agreeing a deal with the owner, exchange contracts and complete the deal in ten years time. Similarly you could do a rent to rent with an option to purchase. You could also turn the property into a serviced accommodation, where you rent the property by the night and you end up taking the differential layer.

• The big area where many people start with little or no money in property is within a joint venture (JV) partnership. You bring somebody in who has the money and combine that with your experience and you can find your property deals together.
• It is possible to do ‘no money down’, whilst there may be periffable costs such as legal fees, these could be rolled into the JV deal that you do with the person who's financing the deal. If you get a loan, make sure those periffable costs are included in the loan.
• Being creative, innovative and resourceful are all ways that you can bypass needing cash. If you can learn to leverage some of the tools and the tricks that you have learnt, you can also bypass having to hire a large workforce.
• The easiest way to structure a JV partnership is to have someone put all the money in without a mortgage (this is easier and quicker) and then someone else does all the work. This is the easiest way to split it down the line. There are a lot of people who want to be hands off investors and JV with experienced people.
• Join all the social media groups, get seen and known on all social media platforms as this is the modern form of physical networking. Start a podcast and interview people who you know have money to help build up your contacts list.

BEST MOMENTS

“If you can provide value to people as an individual you will be rewarded for that.”

“Essentially you are going into a deal with none of your own money.”

“The reality is, everyone that has had a brilliant mentor will say that it wasn't one or two things it was 1000 tiny little things that they taught me.”

SUBSCRIBE TO THE A NEW INVESTMENT SERIES

Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars

Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV

Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes

BEST MOMENTS

“The world is in a completely different place. We don’t know when this ends.”

“When the next recession comes along we do not know what is going to cause it. This one was caused by a virus and the previous one was caused by a banking crisis.”

“Buy what the heck you know about.”

“Over time try and diversify into a few use classes in property.”

“All of those could be good, all of those could be rubbish.”

VALUABLE RESOURCES

https://www.youtube.com/user/progressivepropertyhttps://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: [e-mail]

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

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

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