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  • Landlords in Distress

    Hometrader Privilege Club?

    I was wondering if anyone has had any dealings with, or know any information about, HometraderPrivilege Club?

    I have had a few promotional emails from them.

    thanks
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    My advice is stay away, do more due diligence including searching this site.
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    [Image: New-logo2.png] Manchester based investor. I buy, sell, renovate and rent investment property in East/North Manchester Wink email: mike@brentwoodinvestments.co.uk Call: 0161 681 3724

    is this a way of keeping the property assets thread alive
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    any1 been paid out in full yet??????????????
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    I have perhaps got a little closer than most to possibly getting repaid.

    Earlier this year, I finally managed to get a face to face meeting with Mr Brendan Kiely to discuss my investment via Property Assets ltd (PA).

    It was at the Hometrader office in Middleton.

    There was myself, Mr K and a silent third person in the boardroom - upstairs.

    In summary, Mr K said he would repay the investment in full, I had made via PA. All I had to do was sign a contractual settlement agreement and I would be repaid in full four weeks later. Then once paid, I signed my Unilateral notice on the property allocated via PA.

    Additionally, the settlement agreement was worded 'By signing this agreement I also confirm I will not make any negative comments on any social media sites.'

    I duly signed and returned a copy to the office. Needless to say nearly three months after this bu**sh*t meeting, I have not received a penny.

    I have frequently rung the HomeTrader sales team and get fobbed off with 'he is out of the office', or 'only Brendan can authorise the payment' etc. Mr K, has switched his mobile off. They do not reply to emails and the last time I rang all such calls were being to filtered by a receptionist lady.

    I am aware of other PA clients who have still not been repaid. This is just a warning to others who might be offered hope by having a meeting with Mr Kiely. Do not be fooled!

    Should anyone (moderators included) want a copy of my settlement agreement for their info, just send me an email.



    The Hometrader office
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    (23-04-2014 09:01 PM)2 UP 2 DOWN Wrote:  I have perhaps got a little closer than most to possibly getting repaid.

    Earlier this year, I finally managed to get a face to face meeting with Mr Brendan Kiely to discuss my investment via Property Assets ltd (PA).

    It was at the Hometrader office in Middleton.

    There was myself, Mr K and a silent third person in the boardroom - upstairs.

    In summary, Mr K said he would repay the investment in full, I had made via PA. All I had to do was sign a contractual settlement agreement and I would be repaid in full four weeks later. Then once paid, I signed my Unilateral notice on the property allocated via PA.

    Additionally, the settlement agreement was worded 'By signing this agreement I also confirm I will not make any negative comments on any social media sites.'

    I duly signed and returned a copy to the office. Needless to say nearly three months after this bu**sh*t meeting, I have not received a penny.

    I have frequently rung the HomeTrader sales team and get fobbed off with 'he is out of the office', or 'only Brendan can authorise the payment' etc. Mr K, has switched his mobile off. They do not reply to emails and the last time I rang all such calls were being to filtered by a receptionist lady.

    I am aware of other PA clients who have still not been repaid. This is just a warning to others who might be offered hope by having a meeting with Mr Kiely. Do not be fooled!

    Should anyone (moderators included) want a copy of my settlement agreement for their info, just send me an email.



    The Hometrader office
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    when people true to subdue information like that it only makes the guilt/level of wrong doing appear more deliberate and purposeful
    there has to be some elements of their business that works tho or else he wouldn't have a business
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    surprised no1s asked u 2 remove ur posts 4 fear of damaging ur investment
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    Anyone on this thread might be interested in this post.
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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **5 reasons to get your FREE portfolio review NOW**
    inspite of what ive said above
    I still think the model of buying a property with 20k at auction or from distressed sellers should and could work with auction financing/bridging funds to finance the remainder and hometrader paying for the refurb
    the stock property assets sold was obv not well selected
    but im unsure how u get round the 6month rule,although it may be possible with full disclosure of refurbs etc
    ive asked for examples of recent sales to gauge the full time scale but they haven't been forth coming
    I don't get the feeling the urgency for sales is there as its taken 6month just to get more than 1 photo per property uploaded onto rightmove
    but this can be explained away by the volume they are dealing with
    in light of the lack of work carried out by property assets
    I sincerely hope they don't keep people hanging on long enough just so they are happy top get their original investment returned
    only time will tell
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    Guess Who

    When your JV in Milltown Apartments at Radcliffe, is possibly sold at the property auction in early May, are you expecting to get any of your investment back?
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