{"id":1694,"date":"2021-06-05T14:59:43","date_gmt":"2021-06-05T14:59:43","guid":{"rendered":"https:\/\/mcgpropertygroup.co.uk\/?p=1694"},"modified":"2021-07-01T00:30:55","modified_gmt":"2021-07-01T00:30:55","slug":"property-is-in-my-dna","status":"publish","type":"post","link":"https:\/\/mcgpropertygroup.co.uk\/property-is-in-my-dna\/","title":{"rendered":"Property is in my ‘DNA’"},"content":{"rendered":"

Co Londonderry woman Tanya McGeehan tells HELEN MCGURK why she is on a mission to become Ulster\u2019s top female property entrepreneur.<\/h2>\n

 <\/p>\n

Who hasn\u2019t watched a TV show like Homes Under the Hammer and dreamt of buying a dilapidated property with a 1970s avocado bathroom suite and Artex ceilings, doing it with up swish new fittings, and selling it on for a cool profit?<\/p>\n

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Let\u2019s face it, the idea of ditching the humdrum nine-to-five to make a quick buck doing up a horrible house is a seductive one. But, of course, TV programmes make property developing look like a cinch, when the gritty reality \u2013 as NI property entrepreneur Tanya McGeehan points out \u2013 is it takes strong foundations of \u201cresilience, determination and passion\u201d… and, one should point out, money.<\/p>\n<\/div>\n

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The 43-year-old Magherafelt woman who has completed some 15 \u2018flips\u2019 (industry lingo for buying a property doing it up, then selling it on for a profit) developed her \u2018love\u2019 for property out of very tragic circumstances.<\/p>\n

\"\" \"\"<\/p>\n

\u201cMy mother and father had their own property business, which my father started after taking early redundancy as a bank manager when he was 36. In the early 1990s he purchased his first buy-to-let property and went on from there to build up quite a successful property business.<\/p>\n

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\u201cI have grown up with property from I was a very young age. I always say it\u2019s in my DNA. I am also the eldest of four girls, so we were all very much familiar with property. All my dad\u2019s portfolio was primarily in Belfast, so we spent many times when we were at university driving around collecting rent from students. Myself and my friends in my first year at the University of Ulster lived in one of my dad\u2019s properties off the Lisburn Road.\u201d<\/p>\n<\/div>\n

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Tanya, however, did not go straight into the property business; instead after university she worked for her local council.<\/p>\n<\/div>\n

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\u201cDuring this time my dad started to get unwell and at the very tender age of 53 was diagnosed with early frontal dementia \u2013 he was literally struck down in the prime of his life<\/p>\n

.\"\"\"\"<\/p>\n

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\u201cNone of us girls worked in the property business, it was something he ran himself along with my mum, a community nurse. In April, 2009 my mother reached out to me, being the eldest, and asked me to help her with it.<\/p>\n<\/div>\n

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\u201cSo, due to the tragic circumstances of my father, I ended up going into the family business, not having had any real desire previous to that to work in it. But I ended up falling in love with the industry.\u201d<\/p>\n<\/div>\n

\n

Tanya\u2019s father died nine years ago at the age of 57 and she still looks after his property portfolio.<\/p>\n

\n

\u201cI was really loving the whole industry. I had a lot of experience working in the rental side of things at that point, as well as managing the properties, as you are constantly having to upgrade and maintain them, but I wanted to get into refurbishment, the \u2018flipping\u2019 side of the business.\u201d<\/p>\n<\/div>\n

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Tanya established her business, MCG Investments, and set about following her dream, working alongside a team of tradesmen her father had worked with to transform run-down properties into desirable homes.<\/p>\n

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\u201cWe are about to start project 16. The properties are all in Belfast, mainly around Ravenhill, Ormeau, Saintfield. We\u2019ve just completed three units in South Parade and we\u2019re just about to embark on one on the Malone Road and one in Rosetta.<\/p>\n<\/div>\n

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\u201cWe tend to go for highly-sought after areas with high demand from professionals; the more affluent, higher income areas.\u201d<\/p>\n

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With the \u2018flips\u2019 going well, she saw a niche in the market and decided to branch out.<\/p>\n<\/div>\n

\"\"<\/p>\n

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\u201cPrimarily when I first set out it was just with a view to doing \u2018flips\u2019 for myself. I was fortunate enough to have a pot of capital that I was able to start off the business with, and then I simply worked for myself and nobody else was involved.<\/p>\n

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\u201cThen at the start of last year I did a property training course in Glasgow. On the back of that training we pivoted the business and started opening up to investors to come on board with us and started promoting the business and talking about what we do and how we can help other people who have absolutely zero experience or knowledge of property, but are interested in getting a foot on the ladder.<\/p>\n<\/div>\n

\n

\u201cAlso, we identified a real gap in the market for people that want to invest in property long-term, as a buy-to-let investment, whether it be for a pension or to hand over to their children, whatever their reasons, and are simply too busy with their own primary jobs or businesses.<\/p>\n<\/div>\n

\n

\u201cThat is one of our main services, a consultancy service where people that are time-poor hire us as consultants to do all of the work for them \u2013 from sourcing and acquiring the properties, negotiating the price, doing all the searches and viewings and communicating on behalf of the client with their conveyancing solicitor, broker, surveyor, whatever professionals are required.<\/p>\n<\/div>\n

\n

\u201cWe\u2019ll also set up an appointment with a letting agent to find suitable tenants and also a management agent that once the tenants are placed they are managed by a local agent. The only involvement that the client has is collecting their rental income at the end of each month. It is a very seamless, one-stop shop service, which has proved very popular.\u201d<\/p>\n<\/div>\n

\n

As anyone who has ever bought a house knows, the process can be incredibly stressful, but Tanya believes the key to being a successful property entrepreneur is passion.<\/p>\n<\/div>\n

\n

\u201cIt is stressful at times, but I absolutely love it, you must have a passion for it.\u201d<\/p>\n<\/div>\n

\n

The attributes she deems crucial are organisational and numerical skills.<\/p>\n<\/div>\n

\n

\u201cYou have to be a numbers person, which I am. I can very quickly calculate the numbers of a deal.\u201d<\/p>\n<\/div>\n

\n

When she does up a house and it\u2019s looking gorgeous, isn\u2019t she ever tempted to move in?<\/p>\n<\/div>\n

\n

\u201cYou need to eliminate any emotion from the job. You have to be extremely disciplined in that it\u2019s a numbers game. You can\u2019t get carried away and think you are going to be living in the property yourself – you have to remember it\u2019s not your home.<\/p>\n<\/div>\n

\n

\u201cResilience is also very important. There\u2019s lots of times when you\u2019ll be disappointed because something didn\u2019t work out. I would be quite calm when it comes to that.\u201d<\/p>\n<\/div>\n

\n

When it comes to her own professional ambition, Tanya is determined to reach the top spot.<\/p>\n

\"\"<\/p>\n<\/div>\n

\n

\u201cWhen you think about Northern Ireland<\/a> there\u2019s not too many women that are big in property, but we can all name lots of males. I would love to be Northern Ireland\u2019s number one female property entrepreneur. Of course, it\u2019s not just me on my own \u2013 my team are all female too!\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Co Londonderry woman Tanya McGeehan tells HELEN MCGURK why she is on a mission to become Ulster\u2019s top female property entrepreneur.   Who hasn\u2019t watched a TV show like Homes Under the Hammer and dreamt of buying a dilapidated property with a 1970s avocado bathroom suite and Artex ceilings, doing it with up swish new […]<\/p>\n","protected":false},"author":2,"featured_media":1809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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