Manage episode 245220361 series 2342628
Kevin joins forces with Business & Lifestyle Coach, Mumpreneur & BBC Apprentice Finalist, Khadija Kalifa to discuss their journeys to success. Kevin and Khadija dive into their humble beginnings and share learnings from how they got started in business and in property. Learn key lessons on how to start, grow and scale your property business and why starting out with nothing and getting creative and lead to huge opportunity.
You need to just get out there and immerse yourself in the property world. Make sure you attend events, read books and listen to podcasts in order to educate yourself. Starting out in property is just like starting out a new job, you need to listen, learn and watch what’s going on and follow those that have done it before you. Most importantly, you need to get out there and meet people, find joint venture partners and opportunities for property investing.
Don’t listen to BREXIT no one knows what’s going to happen there is a lot of uncertainty, but one thing is certain, people are always going to need properties and houses to live in. The population of the UK is growing every year and each year we do not have enough housing accommodation.
In order to be successful, you need to surround yourself with mentors, coaches, peers and like-minded people. Fill your room with a power team of people that can help push you forward. Surround yourself with people who are smarter than you. You can’t learn everything so leverage others knowledge and expertise.
Lots of investors are selling properties due section 24 and new taxations on mortgages why? Because investors own properties in their own names. This provides you with an opportunity to purchase properties at a lower value as part of a limited company.
Kevin “I got lucky that I lost so much money it became physically impossible to just get a job and get out of debt”
Kevin “I learnt No Money Down property strategies because I had no money, I had to get creative”
Kevin “Comfort is more dangerous than debt”
Khadija “My business is called Opal & Pearl after mine and my daughter’s birthstones”
Khadija “It took me 3 years to reach 35 employees”
Khadija “It’s better to get a project done than to wait for it to be perfect”
Khadija I started a cleaning business without knowing anything about cleaning, I just Googled it”
Kevin “While others are fearful you need to be greedy”
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.
ABOUT THE GUEST
BBC Apprentice finalist and busy Mumpreneur, Khadija is on a mission to build an empire whilst raising two children, inspiring others to make their passion their profession. Khadija speaks openly about how she grew up in an underprivileged area, turned her daughter’s birth trauma into a motivational story, and became a BBC Apprentice finalist, successful business mentor, motivational speaker, property investor and podcast host.