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  • Property Training/Mentoring

    Due Diligence - Finding & Vetting a Mentor

    Hi guys,

    Thanks for your input and... mental images I guess! :')

    How did you find out it was close to being compulsorily struck off Muzungu?

    Also, how did you find out he was in admin for the SF Patrick? on his site, he does have pictures of him apparently operating weapons (maybe they're staged?)

    Thanks,

    Tom

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    Hi Tom,

    Companies house filing history.  It is indicative that the company has not filed accounts in time.  I note it was the day after the notice that the action was discontinued and the accounts subsequently filed show not much in the way of financial activity. (see below).  It all adds to the picture.

    https://beta.companieshouse.gov.uk/compa...ng-history

    I have no idea as to his service history but all servicemen and women undergo weapons training even if their job is peeling spuds.  Whether he has embroidered his service or not I have no idea, I vaguely remember another guru who played on his time on "active service", It all adds (or detracts) to the picture.

    All the best.

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    Hi Tom, it came about in a discussion with two other parties who I served with in Afghan.

    One had found his YouTube stuff then googled him, thought R2R with a no brainier passive income money stream and asked me about it. I had a gander and the  further back the biogs went Neil said he was a senior NCO and that he had a commendation for doing something cool but unmentionable. My other mate looked at the biogs and wrote them off as BS and Neil was a ‘crumper’ (a squaddie who fibs about his career).

    I expect you could go straight to Neil and ask and if has done something cooler than sharpening pencils at  Credden Hill  I’ll doff my cap and buy him a beer...
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    Hi Tom,

    I have been in the property sector for 15 years, and not heard of this individual.

    These two threads should assist your decision making:

    Property education, training, and mentoring 

    How to do due diligence on a property mentor

    Hope that helps?

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    Hi Vanessa,

    Thanks for the links, some great information in there! He does seem to check some of the boxes, but not all of them. Definitely helpful in weighing it up though!

    Not a great sign if you haven't heard of him with all your experience though.

    Thanks,

    Tom

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    Hi All,

    I have never been on Property Tribes before, so this is my first post.

    Several people emailed me about this post and suggested that I respond to provide further information and answer questions, due to some inaccuracies.

    In the spirit of avoiding debate or an argument with anyone, I'll only to answer questions and correct any comments that could be seen as negative.

    Firstly, Tom messaged us several times, and one of my team members replied to him out of office hours at 8:07pm on the 31st May 2019 answering all of these questions/concerns. I’m very happy with her response and her diligence in offering customer support outside of office hours, on a Friday night heading into a weekend.


    The main points covered in this thread are as follows:


    1. Forward Thinking Group - struck off, debts, etc - This is a mix up by the person doing his due diligence. He responded to say that he has never done this before and had not consulted advice on how to best do due diligence. So his research was based on not having prior experience in looking at accounts. I don’t mean any offence to Tom, he was just trying to not get caught out, and I appreciate that as I would have done the same too. I hold no grudge against Tom and wish him all the best on his property journey.

    The Forward Thinking Group Ltd was a private limited company with share capital, owned by 2 gentlemen from Cyprus and had absolutely nothing to do with my ‘Forward Thinking Group’ - a group is not a Limited company. A Group holds Ltd companies WITHIN it. This is common knowledge by anyone in business or solicitors or accountants.

    So to summarise: Me: Forward Thinking Group, still running, no issues. THEM: Forward Thinking Group Ltd - dissolved, I don’t know the back story, or anything about these guys.


    2. My Lettings company not doing well? As Ltd company accounts are private, no one would be able to make this claim about anyone else anyway. What you can search online are simply basic accounts and summaries, it tells you absolutely nothing.

    Caveat: This does not constitute as legal/accounting advice: I do not leave cash in any of my companies, cash is just useless paper to me. I want to turn it into tangible physical assets that I can touch/use. Business owners who leave cash in the bank in my opinion are making a big mistake. Much better to pay out the cash as a combination of a salary and dividends and then invest that capital.

    Also, I am constantly investing my RTR profits back into improving the houses, refurbishments, better furniture, etc… as I write this, we are renovating 9 houses just this month to get them in a really high standard and condition.

    I do own other companies, you need to do more than just Google my name or type my name into companies house, here's an example below of several companies that are all disconnected within the companies house database, even though they should all be connected to me as the owner, due diligence takes a LOT of effort, you really do need to be very good at it to get it correct.


    3. My training company being close to being struck off last year? - this is misleading. The annual return filing was ONE DAY late. The return was filed the next day and the action was stopped. If we had filed the return just 24 hours earlier, it would have never happened, but alas, mistakes happen and accounts are sometimes complex and timely. But none of my companies have ever had any financial problems, they are well run and the accounts are managed by an ACCA accountancy firm.


    Now we get into more character assassination, which I don’t really like responding to in all honesty, but I will on this occasion:

    4. RLC clerk doing admin stuff for SFSG? Again, this is not accurate. I was attached to a squadron within 22 SAS Regiment in Hereford. I served in both Iraq & Afghanistan. SFSG (Special Forces Support Group) was not based at Hereford back when I was serving, but yes, I did know most of those guys and have the greatest respect for them, I would be honoured to have served with them as an ‘RLC clerk’ or whatever else people say. But regardless of whatever I say, and the medals and awards I achieved - someone will criticise my Military service and awards no matter what. So there really is no point in me going in to what I did in my military career. People either respect military service, or criticise it - anything I say won’t have any impact on the latter point of view. And these types of comments only ever exist over the internet, in a room together or face to face - it never happens.

    I have the greatest respect for anyone who served in the military, because it takes selflessness, commitment, courage and honour. Making comments about military chefs being 'potato peelers' or clerks 'breaking a pencil' or whatever - is quite disrespectful to those people who put their life on the line to SERVE people like those posting. And also, no one has any idea what support staff actually do when in their units... you would actually be surprised at the sheer level of SF training and operations they go on actually.


    Overall, if you can’t find any negative comments about people who have been in business/training for a long time, and only hear good things about that person… I would suggest there is no conspiracy theory going on. It’s because that person is genuinely offering a good service.

    I’ll leave everyone to make their own mind up, I can’t really say much more than the facts above, but I do try my best to give as much value and service to my communities as possible. I see my communities as an extended family, I only want the best for them and to see them succeed.

    Thanks for you time and have a great day. Partrick, I'll see you for that beer mate... bring your cap and we'll share some stories.

    Regards,

    Neil,


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    Well done for replying Neil. Consider cap doffed and a beer in the pipe. Regards Pat
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    Yeah I can confirm that Neil and I have been in contact and his team were helpful in answering my questions. Apologies for not posting an update in this thread, my personal life has drawn me a way from this for the last few weeks.

    Thanks to Neil and everybody else for replying, it would appear I need to learn a bit more about carrying out due diligence ?
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    Just watching some videos via Property Tribes YouTube channel of dislexic_landlord. What an amazing lady and such a good role model for us all. Kudos to her and Vanessa who's conducting the interviews. If you are looking for a mentor, you will get a head start by investing your time watching those videos to start with.
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