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(*Moderator note: Moderator amended title).It would start with an innocent invitation to Liverpool by an acquaintance, but it would end with me lamenting how unscrupulous “gurus” can make tens of thousands of pounds from innocent people who just want a better life.What a great trip I thought; a chance to meet up with someone I had met on a previous trip to the North, network with like-minded people and pick up some tips about an interest of mine (property).Make no mistake I did expect some element of up selling, this is a business after all and hiring a big room in this 5 star hotel must have been expensive. However, what following was unsubstantiated dream selling by professional salespeople, not property millionaires as they claimed.Over the three days clever (*Moderator note: Content removed*) and appeals to human greed made for a very uncomfortable experience.First, the (*Moderator note: Content removed*) used basic compliance techniques to make the audience agreeable “Put up your hand if you want a lot of houses?” “Who wants to make a lot of money?” were examples of the questions frequently asked of the audience. When the (*Moderator note: Content removed*) had compliance they tell you they were in your shoes"that exact seat" a few years ago and now, after investing in their “education”, they are financially free.Finally, they offer you their special course or mentoring for a heavy “discount”. With the most expensive mentoring being £24,995+VAT for 8 meetings and 8 Skype calls with the founders – WTF.Sceptical after a day of people I’ve never met telling me how successful they are, I decided to investigate. A cursory look at the Companies House website determined that one of the (*Moderator note: Content removed*) who said that they had a million pounds worth of equity in their property company, only had £18,000 worth of cash in that company as of a year ago. As much as I want to believe this person had created a multi-million property portfolio starting with £18,000 in the space of twelve months, I just couldn’t...After researching the other (*Moderator note: Content removed*) I found a similar story, although the one above was the most ridiculous. (*Moderator note: Content removed*).The majority of the people that attended the course that I spoke to either had money problems or literally hated their job and would do anything to escape it. The fact that the (*Moderator note: Content removed*) would happily take tens of thousands of pounds over the weekend off these people deeply upset me. (*Moderator note: Content removed*)If you feel like your career is stalling or you are not happy in your job then please seek qualified help ... (*Moderator note: Content removed*).
Our enlightened speakers:
The most farcical (claimed just shy of £1 million worth of equity): https://beta.companieshouse.gov.uk/compa...ng-history
Deal packaging guru and JV all for £1,997+VAT, this company was started before he was born!: https://beta.companieshouse.gov.uk/compan...ng-history
Serviced Accommodation guru all for £1,997+VAT: https://beta.companieshouse.gov.uk/compan...ng-history
I haven't find the MC or the Rent2Rent expert on Companies House as their names are too common, but they were Dan Eaton and Kevin McDonnell.
You can do your due diligence on Rob Moore and Mark Homer's companies and LLP's by clicking their names on the following link: https://beta.companieshouse.gov.uk/compan...0/officers
They clearly do own property but are not "deca-millionaires" as our trainers kept repeating, and that they think their time is worth £1,874.63 an hour to hopeful investors (assuming the 16 occasions of contact are indeed an hour, they didn't stipulate this) is frankly insulting.
I was also suspicious of the people that would be in the audience that just happened to be making a lot of money using the EXACT strategy the speaker was presenting on that day, only never to be seen again.
Finally, their Gold mentoring scheme of ONE meeting a month for 12 months for £6.995+VAT was also insulting. £699.50 a month for a morning with supposed experts. is that really worth it? Just join a forum like this!
(*Moderator note: Content removed*).
It's not just limited to certain people / companies and not even just to the property world. There's a guy called Mike Winnet on YouTube who is beginning to expose a lot of what actually happens at these events. A great video called "The Contrepreneur Formula Exposed" on YouTube details much of what goes on.
The video is a must watch to anyone who intends to go to these events. Not saying don't go but do be very consciously aware of the subtle but very powerful sales tactics that will be used on you.
Having attended these events myself I can relate to much of what is in the video.
Hope this helps future attendees
I discovered Mike Winnet a few days ago and am really happy I did! Can't wait for his series.
I am halfway through a Level 3 Certificate in Letting and Managing Residential Property with the Chartered Institute of Housing, an NLA Accredited Landlord after taking 35 online modules and halfway to being qualified to give mortgage advice after passing CF1 with the CII. Total cost is just over £1,100 and I sure I am getting more value from these as opposed to a 2 day course costing twice as much.
Is their some sort of regulator? (*Moderator note: Content removed*).