Rick Gannon

We take a short pause from our End Times series this week as guest speaker Rick Gannon joins us to bring a special message!

This week I got to catch up with Rick Gannon.  Rick has a great story and the reasons behind moving from the police force into property is something everyone should hear. We talk about "that" LinkedIn post, property education and spinning plates as a property couple. I hope you enjoy!

As business people, some become too aggressive to ensure that their investment yields  big returns and in the process, often forget how to be ethical and moral. The world has been affected by the Coronavirus pandemic and pushing people down and negotiating for too low prices is not a good thing to do. In today's episode of The Roadmap to Wealth Show, I am going to talk to property investor, Rick Gannon, a Co-Founder New Era Training, author of two best selling books, "House Arrest" and "45 Ways to Find Property" and creator of property management software, “Go Tenant”. Rick is going to answer important questions you may have wanted to ask him personally, around the subject of property investment and get tips and advice in order to succeed. If you're looking for opportunities and want to start on property investing, listening to this podcast is a good way to start. Enjoy listening! What You Will Learn From This Episode: - How Rick Gannon start into property investing - How to position yourself during this time of Coronavirus - As business people we need to be aggressive, but still be ethical - What in Rick Gannon’s business is local and global - What is "Go Tenant" software and how it works? - How to avoid buying blindly and minimize the risk? - What are the risk in property investment and steps to take to avoid such risks - Steps to take to avoid bad tenants - Tips for people  who want to start in real estate investing - How to negotiate and add value of property you are buying - What to look for in a coach and a mentor, what is the difference between the two - Common mistakes by beginners and RIck Gannon’s advice to them - How to manage your team Quotes: “Life is short, so we're only here for a moment.” “I don't think that now is the right time to be trying to push people down and negotiate really really really good deals because in my mind, that is not particularly an ethical way of investing.” “ Ethically, heal the country first.” “ A deal is only a deal if it works both ways.” “ If a property is at auction, it's gone to auction for a reason.” "If you are not prepared to take the risk, then go and get a man to find job and put them on payroll." “Don't ever be tempted by people waving wedges of money underneath your nose.” “Cash flow is king.” Connect with Rick Gannon: https://rickgannon.com https://gotenant.co.uk/ https://newerapropertysolutions.co.uk Twitter: https://twitter.com/Rickgannon Facebook:  https://www.facebook.com/RickGannonUK/ Resources: Where to get his books http://amzn.eu/d/ek4vliV http://amzn.eu/d/cTcWZ8V Connect With Elena Marches: NiftyBoss.com Facebook Twitter YouTube Instagram Linkedin

Learn the challenges and truimphs of being a property investor for over 20 years with Rick Gannon, author of 'House Arrest' and Founder of 'Go Tenant' software for tenants management. He owns 150 units of HMO's. Hosted by Jack Dawhra  Presented to you by Property Entrepreneurs Network (PEN)

Join Me and mark Homer - Co Founder Progressive Property where we have a good old fashioned chat about Brexit -property prices, good investments vs Bad Investments and much more. Grab a Brew - see you on the other side.

In an effort to super-size our faith, we may miss out on the nutritious elements that feed a healthy faith. We can easily develop a quick-fix, fast-food theology that may not be grounded in Scripture. This series will take us from the “mystery meat” thoughts of the day to the hearty steak of the Bible. More Messages at hopefellowship.net/messages 

Join an in-depth property discussion with your host Mark Homer and founder of property management software Go Tenant!, multiple business owner and self-made millionaire, Rick Gannon. Hear expert property advice for both beginners and pros and get insights on the best property strategies, the future of the UK property market post-BREXIT and discover what you can do to become a successful property investor as Mark and Rick answer questions from the community. KEY TAKEAWAYS Question: Are we going into a recession? Answer: If we leave the EU on the 31st October we will see a correction in the UK property market, this can vary from 10-30%. The bank of England believes we will see a 30% reduction in prices in the first 12 months with another correction at the end of 2020. However other articles predict 15-20% reductions. Nevertheless, it depends where you’re located in the UK, in the North property prices are still achieving 100% of asking, however, year on year properties in London are seeing a decrease in prices of about 0.8%. Question: What can you do if your strategy isn’t working and you’re not securing any deals? Answer: You’re probably not doing enough viewings and not offering on every property. You need to offer on 10 properties a week and fill your pipeline up. It’s a numbers game and simply by the numbers, you will get some deals. Learn from the objections you’re getting and work on your pitch. Question: Should you manage your property portfolio yourself or outsource it to an agent? Answer: It depends on your lifestyle and how much time you’ve got. It’s a good use of time to outsource your properties however, it does depend on the property strategy. With HMO’s it can be more difficult and it may be better to manage it yourself. Rick has a useful app called Go Tenant! To help with these challenges. Question: How can I minimise risk when investing in the current market? Answer: There are lots of types of risk such as yield, capital, tenant risk, financial risk, and contractor risk, ultimately it’s important to fill up your pipeline and manage your financial risk with fixed rates and to ensure you’re not exposed. You can also reduce your risk a lot by referencing tenants effectively. We do all of the due-diligence of tenants before the viewing using Go Tenant! Remember an empty room is better than a problem tenant. Question: Do you have any tips on negotiating a property price? Answer: Try and give them what they want. Try to give them everything they want other than the price, be flexible with completion dates, accessibility and build a relationship with the seller directly. Make yourself better than everyone else bidding on a property. Question: Are property investments in the North overtaking London? Answer: It depends on what context, the yield is guaranteed to be higher in the north although the capital gains and property value are less certain. It’s very hard to predict, however historically London has always been ahead in terms of capital gains. There is a lot of uncertainty right now and the sterling is very, very low but once the uncertainty lifts after BREXIT all the money waiting on the sidelines will just pour into London both locally and internationally once we’re in a more stable market and the pound recovers. Advice From Mark Clause 24 and difficulties with clause 21 are making property investment more challenging. The Holiday let market along with serviced accommodation units sidestep a lot of recent rules and regulations affecting more established property investment strategies. Although It’s always a good idea to diversify your portfolio to adapt to changes to the current economic climate. BEST MOMENTS “The last cycle started in Mayfair in 2010 and then price rises spread throughout the country as people moved” “It’s always a good time to buy at certain price levels, it depends on potential capital gains and potential yield” “The next month might actually propose an opportunity to buy at lower prices” “The bank of England has made an assumption on XY&Z and either way it’s only one outcome” “There’s always going to be something that stops people from investing, there’s never going to be a right time.” “You’ve got to adapt to survive” “Don’t focus on the things that you can’t control” “We’ve moved the majority out into limited companies” “The direction of property moving forward politically. Is it better to progress with a commercial strategy that drives cashflow?” VALUABLE RESOURCES https://gotenant.co.uk https://www.rickgannon.com ABOUT THE HOST Mark Homer is an entrepreneur investor.  He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books.  Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.  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 ABOUT THE GUEST Rick Gannon is a serial entrepreneur, multi-business owner and self-made millionaire. Rick's main focus is helping others achieve their financial goals through investing in high cash flowing property. Rick is the Founder of "Go Tenant!" Property management software and tenant recruitment software. Rick is the best selling Author of Number 1 best seller property book "House Arrest" and columnist for 2 national UK property magazines. Rick has featured on Sky Television and is seen as the industry expert for multi-let / HMO property in the UK. ‘Brought to you by Progressive Media’: https://progressivemedia.uk/See omnystudio.com/listener for privacy information.

Rick does many things, and one he does very well is Property. His Direct 2 Vendor Campaigns have proved successful, and he now owns an entire street (minus one house!). He's been on SkyTV, is an author, speaker, coach and has a very large Facebook Community. He talks about HMOs (which he writes about every month in YPN Magazine), how to find them, rennovate them and what to look for. As an Ex-copper (Policeman) Rick has an interesting history with HMOs and was skeptical at first. Rick is very engaging and shares some real gems, I know you're going to like this episode.Please leave a review here on Apple/iPhone: https://itunes.apple.com/gb/podcast/tej-talks-property/id1419653019?mt=2 or Android: https://www.facebook.com/pg/tejtalkspodcast/reviews/ Hosted on Acast. See acast.com/privacy for more information.

Rick was just a normal guy working as an operational Police Officer. After a hard night shift he came home and had a conversation with his son that changed his life forever… Don't forget to subscribe on iTunes so you don't miss another episode, and download our free guide to Financial Freedom Goal Setting at www.insidepropertyinvesting.com/goals. Full show notes available at http://www.insidepropertyinvesting.com/rickgannon/