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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.
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!
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 mentoringIt'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 FamilyMy 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?
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**
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.
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.
totally agree with your point! Thank you.
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.
Thank you Tom!
http://www.360Property.co (No UK)