The Execution Gap: Buying Your First HMO with Dr. Michael Taylor

Well, thank you for kind of sharing all that backstory, Michael.

And clearly you've been super successful in your own professional career as well.

And I think one of the things that's very interesting is that your training was in the health service in the NHS.

You've done a huge amount of training in there.

So it's very natural to you, wasn't it, to when you were looking at property to actually find someone to almost fill that kind of education, mentorship role to help coach and accelerate you.

And I suppose develop your confidence to actually apply yourself to this idea effectively.

And I think In all honesty, some of us don't come from a professional background or a career or an environment that really nurtured that sort of approach to many things.

For you, it was clearly second nature and something that played, I think I remember you saying, a really critical role in your ability to actually build the portfolio that you have and do it as successfully as you have as well.

And I've really got to know you over the last couple of years.

I should probably add to your list of accolades that Michael can also very effectively take out ski poles at high speeds, which I observed is standing in the middle of a piece in Switzerland earlier this year.

Appreciate that.

But you explained something to me, or you shared an idea with me that I suppose wasn't in itself interesting, It's unique, but the way that you explained it to me and how you highlighted it to me, I think really was quite poignant.

And having obviously worked with a lot of people myself, having a lot of friends and people in my network that are investing in HMOs at different levels, and a lot of people that approach me and us who are at the beginning of their journey.

It is very, very difficult to get off the ground despite how much information you can gorge on and take on board and all whatever training and coaching and however much you might even pay for it.

It can still be very hard to turn that into something material.

And you described this to me as the execution gap.

So I want to start today's episode by talking to you about what the execution gap is.

I know that this was something that you saw in the medical world as well, but help us understand specifically what that execution gap looks like in the property sector, Michael.

Yeah, of course.

I think it's within the NHS, of course.

I spent six years at med school.

I then went on to spend a further five years training to be a GP.

And education, of course, is so important, right? We can't do any of this without knowing what it is that we're meant to be doing.

I know that your listeners know that.

They are part of the HMO roadmap community.