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In this podcast, Kevin is being interviewed by Sally Kember of Serviced Accommodation Secrets. They talk about Kevin´s book, why he wrote it and how he used case studies to ensure that it went into enough detail to be practical in the real world.
They discuss why Kevin switched from Buy to Let to SA as part of his strategy to handle the fallout from clause 24. As well as talking about the different tax regimes and how property owners and developers can use them to significantly improve returns. They also talk about the opportunities the CoVid crisis has created and one that everyone can potentially take advantage of right now.
KEY TAKEAWAYS
If you are trying to get a big project done, for example writing a book, try to lock yourself away from distractions, it greatly improves your efficiency.
Case studies are a great way to learn, they are inspiring as well as informative.
Investing in some proper property education is worthwhile doing.
Ignorance is what gets you in trouble financially and leads to your missing out on business opportunities.
Serviced accommodation is a trading model, which enables you to get around some of the issues related to clause 24 changes.
The SA model can be made to work well even in the cheaper areas of a town.
Educating yourself properly about the various taxable allowances will save you a huge amount of money.
CoVid has created a bigger market for SA owners.
Kevin shares details of a new type of project which enabled him to quadruple his profit.
BEST MOMENTS
‘I am a firm believer in proper training. When people say property education is expensive, I say that ignorance is more expensive.’
‘With SA 35%, of a property can end up as a capital allowance, yet most people are not claiming this.’
‘One deal can create life-changing recurring income, so you don't need a job anymore.’
VALUABLE RESOURCES
The Serviced Accommodation Property Podcast
https://propertysoldier.co.uk/
ABOUT THE HOST
Your host Kevin Poneskis enjoys public speaking, travelling, exercising, and keeping fit. He also enjoys working with a charity called STOLL which provides accommodation and training for homeless veterans.
Kevin was in the British Army serving 24 years, mostly in a Commando unit and retired at the rank of Regimental Sergeant Major. He left the Army in 2011 and became a full-time property investor. During most of his Army career, Kevin was investing in property and has been a property investor now for over 27 years.
CONTACT METHOD
https://en-gb.facebook.com/propertysoldier/
[email protected]
