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  • Landlords in Distress

    Anon letter in YPN sheds light on mentoring



    Has anyone seen this anonymous letter in YPN?

    It's a good read for anyone thinking of undertaking mentoring without doing due diligence on the individual.

    It documents the sales process, and what happens when things turn sour.















    The last few paragraphs reveal how some mentors manage to keep a lid on negative stories about them.

    How despicable to threaten someone that you have bought their domain as a name and will create a vile website about them.

    I suspect this letter is just the tip of the iceberg.

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    Phil Stewardson.

    Stewardson Properties.

    Stewardson Developments Ltd.

    Burson Land Ltd. & Jennings & Gilchreaste Ltd.

    http://www.stewardson.co.uk

    Follow me on twitter - @philstewardson

    Well done YPN for bravely publishing this when they rely on support from the guru community.

    But is it worth anything without naming the particular scam artist? Logic says that it is only worth something if one of 2 situations apply:

    1) ALL property mentors are scammers and this is a general rule of thumb.

    2) There are a limited number of scam artists and this is a warning to avoid Mr. X or Mrs. Y 

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    I noticed a couple of subtle hints in the article as to who it is and the picture used in the article of a generic actor bears a striking resemblance.

    I am aware of this case and have been contacted by the affected parties over a number of months. There are a significant number of them.

    Mr Millionaire Maker promised he would run an experiment to create 6 property millionaires in a year.  Only 6 lucky ones would be chosen!

    However, it transpired that there were 6 groups of 7 ... so 35 people - and they soon found out about the other groups and that it was not as advertised.

    After a few months, the mentoring fizzled out.  Not surprising really, as it would have been a big commitment, along with all his other marketing and teaching activities.

    I am reliably informed by the group that, once the last court case has been completed, they will name the individual.

    To me, the most significant thing about this story is the way the mentor tried to divide and rule and shut the mentees down.  It gives a true insight into his character.  If he had simply refunded them the money, or solved it amicably with them, he would not be on the brink of being exposed.

    The article does also show the sales tactics such as the sob story and crying to get people to empathise and trust you, and the "limited opportunity" - so it has some value in that regard as well.

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    I saw MIA speak at a PIN meeting about 3 years ago.He described how he broke his hips / legs as a result of a parachute jump. He then spent a lot of time in hospital in recovery.

    On the night he was selling places on a course.

    I didn't even consider buying a place.

    Why ? He seemed to be be able to jump around while doing his sales pitch. Physically jump. With no trace of a limp or anything to suggest multiple severe breaks.So I thought that is odd. The guy is lying. So I didn't think of him since then.

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    I have just received some further information from a mentee affected by this.  I am told that the affected people have taken the purchase of their domain names by this mentor to the police, and logged all details with them, so that if this mentor ever makes a move to create any form of damaging website the police can act immediately as a case is open and there will be no lead time to an investigation being started.

    ​This was the advice given to the affected mentee by the most recent judge.

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    Hello Richard, long time, no post!  Hope you are keeping well? Smile

    Here's the actor used in the article:

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    I am well thank you, if this is who I think this is, I was told about this some time ago and the refrence to one trick pony makes sense.

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    Can I just say in my defense that when I made the comment before I had no idea who the Guru referred to was, and consequently my comment was made without the knowledge that they were one of YPN's recommended Mentors, and my post was not a snide dig.

    As it happens I do know a little about this case, although it has taken years for the story to leak out. A few years ago a friend came to me having been invited to spend £6000 on the "Making 6 people Millionaires in 12 Months" program. My friend invited was a successful property developer looking to give up the day job, and was flattered by the line "you are one of only 6 people identified to have what it takes" and so was tempted by the offer. Equally my friend hadn't made a success of their business without having developed some nous & skepticism. Together we researched the Guru in depth and established that he had no property of his own, and that the remarkable successes that he published widely were actually his Mother-In-Law's who really was a talented, successful, and wealthy Property Developer & Philanthropist - but of course MiL wasn't a Guru because talented, successful, and wealthy Property Developer & Philanthropists have better things to do, and are far too busy to have time for advertising themselves on Social Media and "Giving Back" through Mentorship and Training. So my friend gracefully declined the offer to be made a millionaire, and it was at least 2 years before the story that there were lots of "only 6 people" started trickling out, and I am astonished that 4/5 years later this is still rumbling on.

    Interestingly I would regard the Guru as a friend, & as the letter in YPN says he is very personable, a pleasant character who writes extremely well (I remember on the old Ning Property Tribes he put forward very strong arguments in favour of ..... Phil Martin? Glenn Armstrong? ... I forget). The letter is entirely correct that he is highly regarded, most people reading this will have heard him speak or read his book, and I would think that the "I can make 6 people millionaires" was just a funny 5 minutes that went wrong.

    What I would like to say is that the information about his property wealth (or lack of it) is out there to be researched, if you cannot do the Due Diligence on the Mentor perhaps you can't do the Due Diligence on your next property deal?

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    I thought the guru in question was Glenn Armstrong...

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    The letter is entirely correct that he is highly regarded, most people reading this will have heard him speak or read his book, and I would think that the "I can make 6 people millionaires" was just a funny 5 minutes that went wrong.

    Sounds a bit more thought out and sustained than an 5 minute aberration.  Even if it was a genuine offer that the 'guru' found he couldn't honour, there's no excuse for the subsequent intimidation.

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