In this episode of Lazy Wealth Creation, Carl shares a candid review of their journey with Progressive Property, a UK-based property investment training organisation. The discussion begins with Carl's initial struggles in the property market, including poor credit and a lack of knowledge, leading to their first encounter with Rob Moore, a prominent figure in the field. The host recounts attending various courses, particularly the BRRR (Buy, Refurbish, Rent, Refinance) training, which ignited their passion for property investment and provided valuable insights into deal sourcing and financing options. They also delve into the structure and benefits of the Progressive Academy, highlighting the importance of mentorship and accountability in achieving financial success. Additionally, the episode covers the host's experience as a Progressive Property Network (PPN) host, emphasising the value of networking and community support in the property investment journey. Overall, the episode serves as an honest reflection on the transformative impact of Progressive Property on the host's life and career.
KEY TAKEAWAYS
Value of Education and Networking : Attending property courses, such as the BRRR program, can provide essential knowledge and networking opportunities that are often not available through traditional education. Engaging with experienced mentors and peers can significantly enhance one's understanding of property investment.
Understanding Market Dynamics : The course highlighted various reasons why properties may be sold below market value, such as personal circumstances of the sellers. This knowledge can help investors identify lucrative opportunities in the property market.
Leveraging Resources : The concept of "no money down" investing was introduced, emphasizing that individuals can connect with those who have capital but lack investment opportunities. This approach encourages collaboration and resourcefulness in property investment.
Importance of Accountability : Joining an academy or mentorship program provides ongoing support and accountability, which can be crucial for success. Regular check-ins and guidance from mentors can help individuals stay focused and motivated on their investment journey.
Diverse Opportunities in Property : The Progressive Property Network (PPN) offers various strategies for entering the property market, including deal sourcing, HMOs, and commercial conversions. Engaging with local PPN events can provide valuable insights and connections for aspiring property investors.
BEST MOMENTS
"What we're going to do each episode is we're going to review all of these different gurus and their different programs that we've actually, I personally have attended."
"I was like, wow, I did not realize that. And then I came on to the, you know, But I've got no money and they're like, yeah, you've got no money, but you've got stuff that other people are interested in."
"For me, the academy was a game changer, but what it does give you is the opportunity to take the day off work and just focus on how can I be financially successful."
"If you're going to pay somebody 10 grand to go on Academy, and there are mentors there, you best listen to them. Please listen to them. Do what they say."
"Overall, I would say in balance that Progressive lit a fire under my bottom that got me moving in a direction I needed to travel."
Meet Carl Mannion, the warts-and-all host of the "Lazy Wealth Creation Podcast." From a council estate to self-made millionaire, Carl's journey is both humorous and inspiring. Despite describing himself early on as "autistic, poor, and hungry," he now proudly identifies as "autistic, doing-well, dadbod."
Through candid interviews, Carl shares the highs and lows of his journey, offering invaluable insights into overcoming adversity and seizing opportunities in the world of wealth creation. Despite facing challenges like a marriage breakdown and single parenthood, Carl persevered, ac