Mark Homer Talks Investing and How to Avoid the BIGGEST Financial Mistakes
CLASH OF THE TITANS - Go To moorevleeds.com to find out more FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let https://bit.ly/BTLReport-POD Join Mark as he speaks to Kevin for a second time about how to build and manage a property business including your accounts and finances as well as investing. Mark and Kev also discuss investing abroad, the best way to do crypto and the biggest financial mistakes they see people making again and again. KEY TAKEAWAYS One day Mark envisions moving abroad, his plan would be to come back to the UK once a month for 3-4 days for tax rules and use that time to manage him team on the ground in the UK Mark recommends using a simple spreadsheet to manage your costs, finances etc when first starting out, it’s simple, it works and is usually free! The impact of late payments (excluding mortgages) on a company credit file is less than on a personal file, another one of the benefits of setting yourself up as a limited company as soon as you can. Bitcoin is probably the most stable coin from an investment perspective, anything else is a real gamble. Mark would still recommend you don’t put anymore of 5% into Bitcoin as it’s still very high risk. Most of those in cryptocurrency are then converting it into something ‘real’ such as fiat currency. Now is the time to buy property, prices are falling and will continue to fall and then increase again. Mark only buys properties with a 10 year view, he doesn’t flip properties. He also focuses on unloved properties as this is where he can add the most value. BEST MOMENTS ‘Leverage is often not paying a bill, because the bill is wrong’ ‘The underlying technology behind crypto, the ledger system, is revolutionary’ ‘You can use property [investing] as the vehicle to earn money and put that into crypto…it’s a no-money-down crypto’ ‘I’ve never made more money, investing wise, out of anything other than property’ ‘As interest rates have gone up, it’s pushed property prices down’ ‘I love the stuff that’s unloved because that’s where you add value’ 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: Markhomer@progressiveproperty.co.uk 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/