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I've received an email this morning via YPN magazine where I've been offered a deal to Partner with Aran Curry & Property insight to build a portfolio. It mentions I should have a minimum of £35,000 to invest and be prepared to pay Aran a commission on each property sourced.
Does anyone have any experience of Aran Curry & Property insight that they could share with me?
Hi Dan,We have these threads on Aran Curry:Property Insight, Aran Curry - any info? Property Insight / Aran Curry - anyone invested with these guys? My opinion - the best person to take care of your money is the person you see in the mirror each morning!
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Again very helpful and thanks.
Lesson of the day: I'm going to try to search for existing threads that answer my questions!
Wish me luck.
Remember - keep an open mind, do your own research, asking a so-called guru is not going to help you arrive at your decision.
Learn to make up your own mind about a company, individual or a strategy that works best for you.
Just taking someone's word for it because you think they know best is like asking your parents, friends or family for property advice.
Read the book, visit the company and get to know them and what they do best.
Trust Your Own Instinct
" Perhaps Vanessa dislikes what Aran does because he is successful. "
To quote yourself from another thread:
" You made me laugh so much. "
I posted the following comment on another thread last night, you may find it helpful;
Referring to your original post - a little while ago I looked into ready made deals for a mentee and found that the numbers advertised were somewhat "open to interpretation" and newbie investors would take them at face value.
I was clearing out my files the other day and came across this which had got lost in reams of stuff:
Three reasons why new businesses fail:
Lack of training. Not having the insight, necessary skills and capabilities to run the business.
The sums don’t work. There is not enough demand for the product or service at a price that will produce a profit for the business, in that it is based on outdated or incorrect data and a misunderstanding of the market.
Lack of a cash buffer. A business needs a buffer to protect itself against financial stresses such as, poor financial planning, late or non – payment, unexpected costs.
Its origin was not property related but applies all the same IMO.
Had a look at his website:
Says he is the founder of the "Insight Group": There is a company of that name but it does not mention Mr Curry as a director: Funny that..
The website also claims that "".... allowing Aran to do the things he enjoys most – teaching people how they too can successfully invest and developing his charity Property for Freedom. "". The charity commission website has no record of a charity of that name. Funny that. If anyone can point to a record of such a - genuine - charity of that name I'll gladly donate £25 to an agreed housing charity.
Put it like this, I wouldn;t trust him further than I could throw him, & I'm 69 with a bad back.
Thanks for that. It certainly sounds a bit dubious.
There are a number of companies of which he is director with the name "Insight" as part of them. The biggest one (NORTHERN PROPERTIES (SCARBOROUGH) LIMITED) has an asset value of around £1m (and mortgage debts of around £700k). You can see it all here: https://beta.companieshouse.gov.uk/office...pointments
I have written to Aran Curry to alert him to this thread so that he can address the points raised in it.
Vanessa – thank you so much for flagging the thread to me. I really appreciate it.
Dan – we massively appreciate your interest and it is great you are doing your due diligence and checking that all is in order. Of course if you would like one of my team to ensure that all the questions you have is answered personally we would love to do that. In the meantime though to address a couple of points from here and theartfullodger.
The Insight Group has been around for ten years as it currently trades and my oldest business Mortgage Insight for 17 years.
It is a group of companies that each have their own Ltd company and own set of accounts. The threads that Vanessa mentions above cover this in some detail with me sharing my personal income and the companies income in those threads and also explaining that profits were being taken out of the company and used in my investing elsewhere. Following that thread last year and other feedback from clients we have left a lot of money in the company and any genuine investor can ask to see our bank statements and accounts to see monies sat on account. (Thank you again for the great feedback in the other thread)
In fact when a client is interested in investing with us, my team are happy to share (confidentially) all my personal financial information as well as the companies. We understand you are committing to work with the companies and me personally. We have over 40 members of team in the group of companies and have been growing portfolios for clients for over a decade.
As covered in the other posts, for some people investing their money themselves is the best way. Get educated and do it yourself. For others they prefer to leverage other people’s time and experience and are happy to pay for that in either fees or equity share (joint ventures). It is never one size fits all and when as a company we know what your goals are and what time, money and experience you have, we can help come up with the best plan and also explain how we can best help.
There are lots of ways to meet us and check us out. Some people interested in investing come to Discovery days. Others who want to understand what we know first attend our FREE one day events. we run 2-3 every month in either London, Birmingham, Nottingham, Lees, Manchester etc. These are full of great educational content (me on stage for around 7 hours) and have around 100 people on average at each event. we do explain what we do for around 25 minutes of course and then some attendees move forward with us for more education or with our investment products. But all the rest of the day is FREE education.Feedback on these events is superb.
In terms of the charity Property For Freedom. This is in its early days. I am very passionate about it and have personally donated a lot of money. They are the current donations. We have not raised money from other people yet, so the charity does not have its charity number etc. I am good at building portfolios so the goal is to build a really successful property portfolio for the charity, which will then for generations to come support three causes:
First the portfolio needs to be grown and then we can start giving to these causes. We are just opening the charity and have funds to buy around 3 properties (from my own resources) for the charity. Then we will make it more public and ask for donations more often as we know the property community likes to give back.
So theartfullodger – your £25 is safe for now but I look forward to sharing the registered charity details over the next year and asking if your offer still stands. ?
Dan if we can provide any other information, please do just let us know. We are open and transparent and then you can work out if we are the right fit or not.
Thank you again Vanessa