Live Q&A on Love of Flying, How to Find Deals, Would Mark Buy a Night Club? - a podcast by Mark Homer

This episode is a must watch for anyone dealing in properties.

In today's episode of Mark My Words, Mark discusses the essential things you need to do if you want to be a success in property. Why having the right knowledge, skills and mentors around you are key components to successful property investing. If you’re looking to become a full-time property investor, this episode is for you.

KEY TAKEAWAYSFor you to succeed in life, you always need to know the kind of people you surround yourself with. You should always surround yourself with people who have good intentions and always help you to succeed in life.
No one can make it on his or her own. Always talk to people, they may have something that you could use and you may even succeed in life with someone’s idea. No man is an island in this world.Trial and error is the key to success because you do things and test them over time to see which one works well than the other and which one does not work at all. So if you find out that a thing you tried to do did not even work, that's the thing that you remove from your plan or don't do ever again. Then if you do something and you find out that that's the one that is working well over another thing, then that is the thing that you should always strive to perfect and be sure if you do this, you will become successful in life.
Keep building the portfolio if you want to be successful in life and always try to build it in the best way possible for it to attract more customers to your business.Get into business, start sort of sourcing properties, create a business around it, if you can create a training business or some sort of trading business to generate an income stream, whether you sort of present, or maybe you're creating information products, or whether you're doing sort of online, whether it's training or marketing, loads of people create marketing businesses around this, and some people just go into sort of pure property, but they need a very high-income strategy, maybe be doing sort of high end HMO or service accommodation. You've got to get the income rolling. You can't be focusing on a capital strategy.
Location is very important. In the city centre, that will be a lot, lot better. I've done stuff on the outskirts, service accommodation; it did not work so well. Smaller units, city centre. For your business to hit the roof, you need to be very keen around this point of location, where you locate your business.The marketing is very important how they're priced if the cleanings added on separately, all that is really, really important. If you are not good at this, you should always look for someone or hire someone in your company with marketing skills to do this business for you because marketing is very crucial.
Always love what you do. Find something that you love doing in your life and do it with a lot of passion and you will find that you are succeeding in life because you are not doing something that you do not love, you always perfect what you love because you are not being told what to do.Knowledge is the other key to success. Always have the passion to learn and know more about what you are doing in life or in your business.
Have mentors. Always have people who will advise on what you are planning to do before you go into it. This helps you from making hasty decisions on things that you want to do in life and this also protects you from huge losses.BEST MOMENTS
“Two hands are better than one.”“You should always learn from your mistakes.”
“Education is the key to success.”“Old is gold.”
“Licensing is key, have the right papers with you for you to make it.”VALUABLE RESOURCES
Markhomer@progressiveproperty.co.uk%C2%A0ABOUT THE HOST

Mark HomerMark 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, as well as 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.

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