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(*Moderator note: Thread split off from Samuel Leeds thread to avoid thread drift*).A 28-year-old entrepreneur claims he no longer needs to work after teaching himself to become a property tycoon by watching YouTube videos.
Nathan Winch said his property business turns over £10,000 a month from investments.
He has a small portfolio of cheap properties in Barnsley, South Yorkshire worth around £500,000, despite only having started devoting himself full-time to this venture in September 2018.
In addition to owning nine properties, Nathan helps complete deals for investors, sourcing properties and generating a 'finder's fee' for himself.
Nathan credits his rapid success to watching 'property investor crash course' videos produced by Samuel Leeds - a famous multimillionaire property investor.https://www.dailymail.co.uk/news/article...e-masthead
See Vanessa's post at the bottom of P5 Samuel Leeds Training Review thread https://www.propertytribes.com/samuel-lee...663-5.html
She had some correspondence with Nathan in the comments section of one of Samuels Winners on a Wednesday YouTube posts where he interviews Nathan.
It turns out that the "newbie" is nothing of the sort. His name is Nathan Winch and he has run a wealth creation and advisory business - Winch and Co - since 2011, so has been in business longer than Samuel. He is the Director of 5 companies, and shows some net assets.
Oh dear!Another "puff piece" to stealthily promote Samuel Leeds? It is such a poorly researched and inaccurate article, I can only assume that it has been paid for. I have written to the journalist for clarification on that point.It is very disappointing to see a successful young man like Nathan Winch, who obviously has some business acumen and success - far more than Samuel Lees in fact - being drawn into being another side-kick to Samuel Leeds.He would be far better to build his own brand away from Samuel Leeds imho.It seems likely he will be announced as a new SL business partner in the near future - perhaps teaching lease options?It is also concerning to see lease options being promoted, when the FCA has issued regular warnings against lease options in residential property.I commented on his youtube interview with Samuel Leeds and mentioned about Rick Otton being fined $18million (Aus) for deceptive marketing over lease options not requiring any money.Instead of Samuel replying, Nathan Winch did as follows:
Winch & Co2 weeks ago
PropertyTribes There is nothing wrong or illegal with Lease Options if done correctly. Agreed there are people out there acting illegally, but anyone acting or teaching ethically knows that Lease Options are ALWAYS the VERY LAST offering you give to a seller, you should always try and spell out their other options first and never think that a Lease Option should be your first proposal.Anybody who thinks Lease Options, or property in general, is a ‘get rich quick scheme’ shouldn’t be doing property in the first place. I don’t know if this comment’s content is true, but if it is, I’m not surprised; but you are overshadowing all of us that are trying to show people the positive (mutually beneficial) power of Lease Options when used correctly and ethically.
PropertyTribes2 weeks ago (edited)
@Winch & Co Forgive me, but where did I say there was anything illegal about lease options?! The comment I made was concerning a significant legal judgment about the way lease options are marketed to newcomers, in respect of claims made about not needing any money.It is misleading in the extreme and Samuel's video is so lacking in detail as to be dangerous to gullible or naive individuals. If you put Rick Otton's name into google, you would be able to find that the legal ruling is true.This link from the Australian Government website: https://www.accc.gov.au/media-release/pr...18-millionTo suggest that the content is not true, without checking for yourself first, is overshadowing all of us that are trying to alert newcomers to the misleading way lease options are marketed and also the many pitfalls surrounding them. For someone working in the sector, I must confess I am very surprised that you are unaware of this landmark legal judgment!
Apologies, it just comes across quite heavy handed... I did state in the video that there are legal costs for lease options of approximately £1,000.
@Winch & Co I guess legal judgments are heavy handed.In the video, Samuel makes out you are complete newbie who learned of lease options through watching his videos, yet looking at your website, it appears you have a business advising people on wealth creation strategies and you are also making your own videos about other strategies such as HMOs , serviced accommodation etc. https://www.winchandco.com/Your business was incorporated in 2011, so you have been in business longer than Samuel Leeds.I am struggling to understand why you would make yourself appear less experienced than you are. You probably have more experience and competence than Samuel Leeds.I am also struggling to understand why you would allow yourself (and your business) to be portrayed in this false manner for the benefit of Samuel Leeds' marketing funnel.Perhaps you could offer an explanation as I am left wondering if you hoodwinked Samuel or are you actually in league together in some way?
Winch & Co2 weeks ago (edited)
Thanks, I appreciate that. My business is purely for purposes of investment. We don’t offer wealth creation advice as a service. Samuel did state in his video that I wasn’t new and had been successful in business already.I think what we were trying to do was to not let that be an excuse or a barrier to entry for other people.Did you watch the video? I suggest you do because we’ve tried hard to inspire people and if anything comes across as misleading I’m more than happy to help correct, but I think the video is great. Yes, I’ve been in business for almost 10 years, but I’ve only been in property for 4 years, and most of that time I was learning how to do things.
@Winch & Co Yes I did watch the video thank you. Samuel specifically asked you about your background and you did not state anything about running a property related investment business for 10 years or that you had been sourcing deals and undertaking other strategies for some time.Here a link to a video of you offering wealth creation advice about serviced accommodation:
The narrative states: "Welcome to the mini explainer series on property strategy. In these videos we briefly cover all the main operational property strategies and how to maximise your profit after purchasing a property".I am sure Samuel thinks your video is great too. You are making him a wealthy man with the lack of pertinent detail in the video inciting people to sign up for his courses.I am really sorry for you that you have got involved with Samuel Leeds. I hope it is just that you are naive and did not do any due diligence on Samuel, but whatever the reason, I have no doubt you will come to regret your association with him and that it has gone down on the record that you advocate his training.You seem like a smart and intelligent young man with some business track record behind him - director of five companies with some assets - so I fear you have been misguided in hitching your star to Samuel Leeds or trying to raise your profile off his coattails._________________________________As Samuel Leeds introduced Nathan in the video - "Welcome to the new and improved Samuel Leeds". I think this article heralds the birth of Samuel Leeds - the sequel.
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**
I actually think the serviced accommodation video above is pretty good/balanced as an introduction, even mentioning some pitfalls and possible risks. And there is nothing about promoting Samuel Leeds..? I may be seeing a different video?
This "story" is obviously doing the rounds.It has also appeared in the Sun - almost word for word as the Daily Mail story - and also in the Barnsley Chronicle, which greatly calls into question the integrity of the journalism and whether any due diligence was undertaken before publication. It looks more and more like an advertorial.Meanwhile, on twitter, Nathan Winch is sourcing lease options deals:
I have just heard back from the Daily Mail who have informed me that they are investigating the provenance of this article with the news agency who sent it to them.I will revert back here when they send me their conclusion.
It was a paid article to promote Samuel Leeds. Not even the Daily Mail readers believed it. The comments were hilarious.
I can just picture the scene in Samuel's "boardroom".... He would have said something like "Listen Nathan, I can make you a star by telling your story and it will benefit me at the same time. Let's create a win/win situation for both of us and when your deal sourcing pipeline starts producing deals, I'll bring you in as my business partner and fast-track to you success!".Just as he did for Kyran Melland.
I shouldn't be shocked that the papers would publicise this crap, but I still am. They've literally done no digging around what so ever. Nathan comes across as quite dishonest in the interview "errr Samuel Leeds I think his name is". We all know he knows Samuel Leeds very well.
These papers are now desperate to fill their pages with any old carp they can. The Daily Fail has long since slid down the ranks into red top territory.
I heard back from the Daily Mail. They denied the article was paid for and they said they syndicated it from the Doncaster Chronicle.This means that Samuel Leeds paid the news agency to create the article and syndicate it.I hope other people challenge them as to how easy it is to get lies and smoke and mirrors published and to reach such a wide audience with what is nothing more than "stealth" marketing.Now Samuel can add "as seen in the Daily Mail" to his list of credentials. * Sigh *.