General (main property discussion here) - Your Opinion On This Course........

http://www.propertymentor.co.uk/

The cost is around £5000 for a two day course, i have read the site on every page, and they are basically saying, if i pay £5000 for this two day course, they will help and teach me how to buy propertys around 25% under market value, AND how to buy properties with minus £2500 down (cashback), and the properties are meant to give you £500 to £1000 a month in income!

At first i thought this was a scam, but i phoned them, and emailed them, surely if it was a scam they would of been shut down?

Keep in mind i have never been to a workshop before, and im trying to find courses that i can do to learn more.

They also give you there property solicitor, and broker, but £5000 is alot of money to me, thats why i would like opinions about it.

Thanks all

Matt

Matt

5k is a lot of money and you need to think very seriously about any workshop making these promises and charging this sort of cash. Whilst I can't comment on this particular course, I would personally advise you to invest in some literature on the subject and get yourself a good team of advisors that you can trust, preferably those that come personally recommeded. Using the personal advice on this forum is excellent, but it is up to you to take all of the advice given and check it out for yourself. Save your money for a property deposit once you've learned what exactly you wish to do and have formulated a strategy as to how you are going to acheive it.

There is a commonly quoted saying, "If it seems too good to be true, it probably is"

Good luck John

I have read all the blurb about the course but don't know anyone who's been on it.

Certainly it's a lot of money. I bet Sunil is making a killing out of it at 5k per delegate ! and the price is set to go up too !

I would personally save the 5k towards your first deposit. Or at least wait until you get some feedback from someone who has been on the course (and not just a bunch of old testamonials - pun intended).

I haven't bought one myself yet but have heard good reports about Robert Kiyosaki's (probably wrong spelling) board game "Cashflow". May I be so bold as to suggest giving that a go ? - It's 'only' £100 or so. Might get you thinking along the right lines and leave you with £4,900 in your pocket !

Cheers,

FM.

Thanks for the feedback guys,

Its funny you say " I bet Sunil is making a killing out of it at 5k per delegate ! and the price is set to go up too !" - Because on his site he says, "i bet you think i must be making a killing with the workshop, but the truth is im involved in property deals worth millions and im just sharing my knowledge in the workshop".

There is a forum involved with the site, here: http://delegates.realityexpansion.com/index.php?page=Forums, and people on there say they have done the course and never looked back!

My problem is, is it would take my months to get that course fee together, i would rather not do the course due to the fee.

Im trying to learn all i can about no money down or cashback deals to get onto the ladder, as deposits and legal fee's are too much, i wish someone that did no money down or cashback deals would tell me everything i needed to know........wink wink.

Matt

Matt

Email me - I may be able to help

Russell

russell@propertyinnovations.net

Matt,

Email me - I may be able to help

Russell russell@propertyinnovations.net

matt,hello mate i can't believe you'd even think about paying that much for a course,what a nice guy he must be sharing his knowledge for only 5grand a person,just because he hasn't been shut down YET doesn't make it a good deal.

you don't need to pay people to tell you how to buy bmv,just find a distressed seller ie 2 ea boards outside a house are a good clue,or your aunt sally knows a couple who moved abroad 6 months ago and are desparate to sell their house and will take any sensible offer (don't forget in todays market you are in the driving seat and are effectivly a first time buyer)

view houses and make silly offers or at least 20% bmv,there are loads of mortgages that lend to valuation rather than purchase price assuming rental figures add up why not keep the 5k for buying fees (stamp duty,solicitors fees etc.) and then remortgage to fixed rate and hopefully get your bvuying fees back

although personally if i was you i wouldn't be in such a rush at the minute and would sit tight. what are your diy skills like?why not brush up on those in the meantime so when you do get your first you can add value for example when the next time i'm quiet i'm gona do one of them 4 day intensive plastering course's

Matthew, A certain well known internet auction site could be of interest to you! In the "Business" catagory,you will see several items which are "eight dvd's which will show you how to become a property millionaire".They are supposed to be from a "property course that cost thousands of pounds",but with a reserve price of 99p these could be worth a look.It might save you time and a lot of money! Good luck.

Matthew, Further to my last post,I have just looked at that certain well known internet auction site.Just type "Property investment" into the search box for All Catagories,there are several there at the moment!!

Matt,

Looks like you might owe Simon a beer for that one, He's hopefully just saved you about 5k. Post back if you secure the DVD's and let us know what they are like.

Regards,

FM.

The 5k course has had alot of bad reviews on the Singing Pig forum, looks nasty hehe, im not off to Ebay to take your advice, if i can copy the CD's on my PC i can send them to you free.

I will report back on this!

Thanks

Matt

To Matt.

I would seriously advise against it mate.

"I haven't bought one myself yet but have heard good reports about Robert Kiyosaki's (probably wrong spelling) board game "Cashflow". "

Correct spelling Funky. Would you recommend it? I have his book, Rich Dad, Poor Dad, only about half way through though. Seems good, but I think further into the book will be even better.

Hi Chris

"i'm gona do one of them 4 day intensive plastering course's"

Are these widely available?

To Funky

"Post back if you secure the DVD's and let us know what they are like"

I just bought a set, I will let you know what it is like. Might even sell it on after I am done with it.

I made a spelling error!

I put...... "im not off to Ebay to take your advice".

That should be.... im NOW off to Ebay to take your advice!

Matt

Here Matt

I just picked up a copy for a tenner, I think there are more left. I will email you the link.

hi, which did yer get?

i ordered a 8 dvd set on monday for £15 ,should be here any day now, was gona say we should perhaps do copies and swap,but don't think i fancy copying a set of 8 two or three times,lol

frank, there are 4 day courses advertised in the papers for about £400 but they all seem to be down south. i might see if any local colleges do them on a night. i've got his books as well, read the first one and found it a bit dissapointing so can't can't get into the others..i'm reading a book from taxcafe at the minute about property tax - much more usefull..suppose i could forward a copy as well if any one wants as i have it on pdf document

Hi Chris,

I wouldnt mind a copy of the property tax book please. My email address is aarti_samani@hotmail.com. Thanks.

Chris,

This 8x DVD set you are talking about. Is it the Inside Track set or the other. Inside Track DVD's (8 x) is going for £24.99 but there is another at £15, which one did you get?

I'm wondering actually if they are one and the same and didnt want to buy the more expensive one for obvious reasons.

Regards

Simon

In fact looking further down the screen like, it seems there are more than one price for even the Inside Track DVD's.

Anyone wishing to thank me in the normal fiscal manner,may send their cash to me at Swissbank,Zurich account number.......

Only kidding-I will have to get a set for myself before they run out!! Hope that they are as good as the write ups!

To Chris

I got a set called "Learn how to become a PROPERTY DEVELOPER! 8 DVDs!"

I will let the board know what it is like after I have watched it.

Did anyone see this in the Q&A section?

Question :Do you offer property to your delegates?

Answer: Absolutely not, one thing you won't get from me is an "Investment Property"

My view is that if you can't buy property yourself after coming on the Property Mentor workshop than you should be shot.

Comment: A bit harsh, don`t you think? LOL

LOL so you pay £5000 and then should be shot, nice.

I think i have learnt more on this forum and Singing Pig, than i would learn on that 5k course, there are other courses with better reviews.

frank

i got the course - just says property investment course 15quid and that these were offered for 995 after you had attended the course

someone else is selling them for £45 looks the same

anyway we'll see

arti - i'll dig out that pdf its lurking in me e-mails somewhere and send it over when i get a minute mate

oh yeah frank

just seen a course in northumberland advertised 4 or 8 day intensive,think i'll give them a ring.

Chris, please let me know the info about the 4 to 8 day intensive, the more knowledge, the better, right?

Cheers mate

Matt

wahay just got the dvds

wait till our lass finds out she'll hit the roof,8 lovely discs all about property,nice

aarti and matt

just forwarded a copy of that pdf let me know if it didn't work

happy reading

Hi Christopher, Will you please post your opinions after you have watched some or all of these dvd's? Thank you.

I will do the same Simon

Hi Frank,

Re : Cashflow board game : Haven't seen it so unable to recommend - see singing pig, think there are some comments about it on there. Second book - the Cashflow quadrant is good too (repeats bits from the first book though)

Re : DVD's : Nice one. Which course did you get ? Could I have first refusal on them if you decide to sell them on (or copy them on - ;o) )? Thanks.

FM

Hi Funky

I have never copied DVD`s, so I will have to learn how to do it. If that does not work I can probably put it onto my hard drive then send them on.

Brilliant !

Thanks. Let me know when you have finished them !

FM

Hi Matthew,

You said you wanted a perspective from someone whose been on the course, so I thought I might come and give you my impression.

I believe that the course is worth the money, even at that price. I've bought property at 10% discount, and know personally people who have done much better. This particular property makes over 600£ a month in profit.

Now, before anyone claims i'm a corporate shill, a toady for the company or whatnot, let me just say that I have no financial stake whatsoever in whether you go on the course or not.

What you learn are techniques that actualy work, how to negoiate, how to find the right tenants, and basically a complete and comprehensive package as to how to buy and let property.

What's more, you don't just get abandoned after the course is over. There is an expansive forum, on which people post information, suggestions and advice, and where people who have achieved good results can post guidance and answer questions if you get stuck.

For myself, financial freedom is worth the cost of the course. I've made four times the price of the course, in the discount of my first house, so I would say it was good value for money.

Now I realise i'm biased, but by the looks of this thread, i'm also the only person who has done the course, so I'd like to make a suggestion.

Every month, Reality expansion holds a Foundation for Success day. These are free days, where your only expense is time and travel, where a large group of delegates and non-delegates gather and trade information, exchange anecdotes and learn from people like Dolf De Roos (who will be there via Videolink at the F4S day this weekend)

These are a good way to meet with various people who have achieved success using Sunil's methods and course and get a true first hand opinion. The one this weekend is at the NEC in Birmingham and if you ask Caroline, i'm fairly sure you can still get tickets.

So rather than relying one way or the other, totally on an internet board, come for the free day, talk to people, then go home, think about it and make your own decision.

If you want to talk more, please email me at Steven_Quinlan3500 (at) Yahoo.co.uk, and i'll answer any questions you want, or post here and i'll answere here.

Given that the entire tone of this thread has been one of disparagement, I felt that I should at least provide one positive view.

Cheers

Steven Q

Why dont we between us all, we would only need 10 or so, get together approach a develloper and bulk buy.We would get the 20% discount that would then give us all a no deposit deal with money left over for legals etc. Thats all these property companies do is use there members to bulk buy allowing them big discounts.

Good idea.

But that would mean 10 trust worthy people, and the best negotiaters to get the deals, could be done, any more info??

Sounds good to me.

Hi Steven Q,

Having done the course yourself, Can I just ask you how I might go about organising a "no money down" deal in the UK?

Regards, PO

PS. Would the £5K be TAX deductable?

Having paid my dues to the suits i am keen to join a private buying team. I'm running out of arms and legs.

Recently i have bought 5 BTL new builds. Whilst the actual cash paid out by me was small this was engineered by using gifted deposits and a high mortgage level of 87 percent. The cash back nearly covers the out of pocket expenses stamp duty, valuation, solicitors cost (necessary) but finders fees, brokers fees, financial leverage fees amounting to about 4 percent could be saved by a direct approach. This would give either a cash back purchase or lower mortgage percentages.

The beauty of this site is the wealth of properties available without ever leaving your computer.

May i suggest that more than 10 interested investors would be better as not all would be able to participate at any given time. Secondly, not everyone would want to invest in the same type of investment. Possible areas are BTL, HMO, Overseas, Student, development sites etc.

I would like to join a team/club.

This is no light undertaking. We would need access to solicitors, possibly brokers and surveyors. There would need to be a central bank account with an accountant.

What about subscriptions into an account to jointly buy property to redevelop and rent or sell on. Its been done before.

Brian can i have your email mate?

I want to ask some questions about the new builds you have, as i can see it being my only way onto the ladder.

Matt

Hi Guys,

Dan from Landlord Trader here. I have read this thread with interest and will discuss with my bosses, who have experience in this field to see whether anything can be done through Landlord Trader.

I think it's a cracking idea so long as the demand is actually there. As Brian rightly points out, you'd need a decent number of members in view of different tastes/strategies.

Does anybody have an idea of what these 'clubs' generally ask for in terms of joining fees?

Dan

Hi Dan

I am only one person, but i have an opinion here.....

With not having a 15% deposit and cash for fee's etc, i see my only way onboard is through off-plan, so if a GENIUNE (big word when it comes to off plan companys lol) club was created, and the deals stacked up, i know that i would stick with the club and continue to buy the properties you had going.

But you would need to be geniune (meaning the deals stack up), and some really good incentives? Like legal fee's paid for, deposit paid, and all other fee's paid for, i mean, if you even let people use your broker etc, and everything went smooth, you would have lots and lots of customers, thats all people like me are looking for, it can be done, but theres too many companies out there who hide some of the truth.

On the fee you should charge, could you not do something like, arrange 2% cashback, but that 2% goes to you, that would mean you get paid, and people get to buy without any money down.

Im just a minority though, other developers will have cash to pay for fee's etc, but im thinking just an option for people like me.

Cheers

Matt

Matthew, please email at b.baggarley@btconnect.com Brian

Hi Dan, Thanks for your quick reply and interest in this idea of mine.

Generally the larger Property Investment Clubs seem to charge a joining fee of 1000 to 4000 plus VAT GBP. Some ask for and get 6000 plus. Further charges of between 1 and 2 percent plus VAT are raised once you take up a deal on offer. These can add some 3 to 4 percent to the cost of a deal.

I would like to get away from this and set up what could be described as a property buying co-operative.

My suggestion would be to look at this from two start points. The first, for those with some cash who can afford to purchase properties and pay the necessary dues. Landlord Trader could supply the leads. I would also suggest using gifted deposits and 85 percent loan to value mortgages with limited or no penalties.

Secondly for those who cannot raise deposits set up some form of subscription club where they will own a part of a property bought from a centrally managed fund. Probably a limited company paying an accountant to administer the fund. This is the more difficult as it could result in endless argument about type of property to buy. I see this side as redevelopment, buy to renovate to sell organised by a committee voted by the subscribers. The whole aim being to keep costs down to the absolute minimum.

Its early days for this scheme. I only came up the idea having discovered the Landlord Traders site and combined it with some ideas i already had. Lets hope it flies.

Brian

This all sounds very interesting, please update the board as things progress.

Brian, could you start a separate thread about this?

Frank,

Have now opened up a separate thread under Property Investment Co-operative/Club within the general category

Brian

To Funky.

Just to let you know I am sending the dvd`s to Matthew and he will contact you once he has watched them to arrange posting them off to yourself.

Hi Frank,

Thanks very much. I'll be in touch when I hear from Matt.

Funkyme@ntlworld.com

Brian,

I'm interested in this sort of idea. Collective purchase power with no middlemen. I have heard of purchasers involved in a recent development near me who got some really good genuine deals. I purchased 2 properties at the same development and I got a fairly good deal but I would have been able to negotiate a far superior deal to purchase the remaining 10 properties to eager investors such as yourselves !!!

I'll catch up on reading the other thread now !

Regards,

FM

To Matt,

Hi, you finished with Frank's DVD's yet ?

FM.

Yes, but i cant hear them lol, can you email me your address on MatthewJHolland@hotmail.co.uk and i will mail them right out.

Thanks

Matt

I was on that course last November, and i found whatever that was taught to be very very useful. It opened the doors to opportunities, or rather how to open the doors to opportunites.

The basic skills taught there were, human-human relationship, what you need to know as a property investor, money management, how to plan for your goals, how to put into action, and of course we had fun during those 2 days, with lots of chance to network.

To be honest, I paid only £2700, and we all know the course was well worth that much, even at £7500, i reckon its worth that much.

£5000 is a lot of money i agree, but i also believe, if this knowledge will bring you a couple of hundred thousands in the years to come, ITS WORTH IT!

If anyone is interested, go for the free workshop and see if its worth the while.

Book it at http://www.propertymentor.co.uk/ . And if you do wish to go for the paid seminar, tell CJ or anyone there that Allan Tan of Cardiff referred you, and I will get a referral commission, I will be willing to give you back 50% of it.

Hope it helps the professional landlords here.

from Cardiff, Allan Visit us at the below website http://www.mortgagez4u.com/ http://www.moneymakingguru.ws/ http://moneymakingguru.blogspot.com/ Make US$200 A Day While Surfing The Web. Why Not?

The best property course out there is a 1 day intensive course run by a well known property investor and only costs £395.00 for the day... You learn more in this 1 day than you will splashing out £5+k on other so called property courses.

I seriously recommend this one way above any of the courses that cost you anyway upwards of £5,000... see this one 1st then think whether £5k is worth spending !

Roger do you have any more info on that course?

Frank, Email me on roger@rjm-properties.com and I'll be more than happy to suppply the contact details. Regards, Roger

To Funky

Did you get the dvds from Matt?

No, ihavnt sent them yet lol.

As i wanted to get them working, but thanks for reminding me i will get right onto it!

Matt