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  • Property Training/Mentoring

    Expensive property invest course worth it?

    My builder who we used to do building projects with has enrolled into a 2 year property investment course run by Gill Fielding.

    I understand that he has gained A LOT from the meetings but he hasn't completed his online part of the course yet. Course costs £14K. Anyone else done it, is it worth the money as it is a huge investment for a novice like me?. We have money to invest and I have time. 

    We only have one BTL and now started venturing into development as my full time job.

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    No. Just ask questions here and loads of people will give you advice for free! Use that money for deposit Wink
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    Saagar

    Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences. 

    Thanks Saagar, I just just realised that as I managed to find previous posts on the matter. Thanks to Vanessas post on this matter I just saved myself 14k that I will put towards deposit! Smile

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    Hi Lukos,

    First of all, you say you are venturing into property full time.  I therefore have to assume that you are a cash buyer?  I say this because, if you don't have a regular income, you will struggle to get finance.

    Have you spoken to a broker about your access to finance, and how you are going to re-cycle your cash if you can't get BTL mortgages.  Or are you planning on buying on cash and then selling?  If so, do take into account the current stagnant market and also the 6 month rule.

    Now to a £14K course ... that's a lot of money - a deposit on a house.

    We produced this thread to answer this FAQ:

    Property education, training, and mentoring

    It's quite a long read, but it will bring clarity to the question you asked.

    Property Tribes recommended trainer is John Howard, a property developer with 40 years experience.  John is just completing a massive development of 150 flats in Ipswich in association with the Government's Homes England initiative.

    John runs a one day training course for property investors and developers for £247.00.

    His youtube channel also have a lot of educational content and shows the scale of projects he undertakes.

    We have this archive thread on the trainer in question:

    Fielding Financial Family

    My advice is, before you spend any money on training, to speak to a broker and understand your access to finance.  Without that, its all a moot point.  (Please forgive me if you have done this and/or you have significant cash starting funds).

    ​Hope that helps for starters?

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    Thank you Vanessa. Within minutes of posting I saw your previous answer to this matter (2017) and you just saved me 14k!! THANK YOU!

    I have time because I am a housewife. I become such after having my son but previously was working in construction with my business partner that has told me about that course.

    We have quite a bit of savings sitting in out off-set mortgage account. My husband runs his own business and has access to a finance.

    So I want to use my time and our cash to get into property development.

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    I forgot to add that property is something I have always wanted to do. I always itch to do a project, I am currently refiguring our only BTL to add a 3rd bedroom.

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    Is it a professional course for some professional certs - if not then 14K sounds a tad rich and most likely a waste of money - happy to be proven wrong. 

    This site of a wealth of free info and there are others too including YouTube channels and podcasts with great nuggets of information.

    I never part with any cash without having clarity as to what I will gain in return. 

    Funding a fancy room in a sub par hotel for a get together is not good use of my money. 

    Good luck.
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    totally agree with your point! Thank you.

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    I went on the FF three day course in Bristol last autumn.

    The three days give me an overview of the fundamentals in property investment, they cover finance and leverage a fair bit with a lot about mindset and trying to think differently about debt which i did find enlighting. They do warn of the pitfalls and did not encourage anyone to do things they were not happy with but the overriding aim of the 3 days I felt was to upsell you the main mentoring course.

    I expected upselling but it was annoying and I had zero intention of doing this, as fully believe I can do this without spending thousands on a training course, as others have said the cost is a deposit!

    I purely went to gain a different perspective on how to approach my journey in property and it did give me the kick to get on with investing I needed as up to then I was procrastinating.

    I only recently discovered PT and would say this site is by far the best source of advice you can get.

    In my opinion, these expert training schemes are just huge money-making businesses and while I am sure they help some people get investing successfully, your money is best spent on a property.

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    I see lots of posts saying not to pay for property courses, knocking the sector and that all of the information is available free in books, online or in this forum.  They are right you are unlikely to hear anything that you cannot find on Google!!  What I understand is that there are a lot of poorly run training courses where the founders have only one motive, to line their pockets, but I do not think you should discount paying for training because there are bad companies out there.  I have hired a lot of bad tradesmen but I have no plans on learning to be a tradesman! 

    Everyone reading this will either have paid for education or had education paid for them!  I am a qualified accountant and whilst I could have studied for the exams doing my own studying I paid to attend professional courses.  I am an experienced landlord (Commercial, Residential, Serviced Accommodation) and developer (Conversions and new builds) yet I made the conscious decision to join a monitoring/training group in Bristol (The Good Property Company).  I did the course for 2 years.  Lots of the information I knew, but lots I did not as it covered area I had not focused on.  I also got to understand the mindsets of others and their strategies. Property can also be a lonely business and have made numerous friends from the group.  Some of which are just friends, others I have done business with.

    So don’t discount paying for good training, but do do your due diligence and know why you are doing it.  Also don’t spend your investment money on training and have nothing left to invest!  One of my sayings is “You are going to make mistakes in property, make them cheap ones!!”
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