Part 2 - Doing Property Differently with Property Developer Jerome Roith
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Description
This is the second instalment of Kevin’s discussion with property developer educator Jerome Roith. They continue to talk about their property strategies, focusing on how they finance their projects and developments, highlighting the key differences and similarities between property investing and property developing. KEY TAKEAWAYS  There are two core mechanisms when offering to an investor in property development. Either give them equity in the deal or a fixed rate of return. It’s important to remember that the risk is often much higher for an investor for a property development project than investing in an existing house, If you can have investors take a share in a project/company it means you can continue to have them invest. It can be a problem borrowing from smaller investors or those you know as they can’t afford to ‘lose’ the money, meaning they will be higher maintenance to deal with. Inflation rates mean that more people want to invest their cash rather than leave it sitting in the bank. BEST MOMENTS   "I’m not a huge believer in borrowing expensive money especially when you don’t know when you’re going to be able to pay it back” “It’s cheaper for them than traditional lettings” “One of the issues with running a company today is the level of administration you have to adhere to” “It’s become easier to raise money because of inflation” 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/ TikTok: https://www.tiktok.com/@progressiveproperty YouTube: https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g Twitter: https://twitter.com/progperty LinkedIn: https://www.linkedin.com/company/progressiveproperty Instagram: https://www.instagram.com/progressiveproperty/ Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity Facebook Page: https://www.facebook.com/Progperty progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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