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  • Property Training/Mentoring

    Progressive Property Query

    Just wondering has anybody done their training events. Very hard to get a negative review and am curious. I'm sure this has been asked here already I just couldn't find any similar question.

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    Hi Kenneth,

    Welcome to the tribe.

    Could we back up a moment?

    The first thing to do, before spending money on education, is to ensure that you have the finance to do it.  (Forgive me please if you are a cash buyer).

    Do you have the 25% to 35% deposits, the acquisition costs like stamp duty and legals, and access to BTL mortgage products.  Finance is the lifeblood of property, so I always recommend that anyone considering undertaking education, speaks to a reputable mortgage broker to check that they can access BTL finance.

    What is your starting position and what do you hope to achieve through attending such a course?

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    How hard was it to find this?

    https://uk.trustpilot.com/review/www.prog...en&stars=1

    There are interesting details of some of the officers.

    https://beta.companieshouse.gov.uk/compan...7/officers

    Dissolving a company may be for entirely legitimate reasons.

    For the avoidance of doubt I am not suggesting for a second that Progressive Property are anything other than fantastic, and no doubt are a fine and admirable bunch!

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    Hi Vanessa,

    Thanks for your reply.

    I'm not a cash buyer unfortunately (wouldn't we all love to be) .  I'm based in the Rep. of Ireland and am interested in buying my first HMO. 

    I had heard that Progressive Property are running a free MSOPI event in Dublin later in the year and I am interested to attend purely because of the networking at such an event.

    Thanks,

    Kenneth


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    Hi Kenneth,

    I am sorry to say that to get an HMO mortgage if you have no experience is highly unlikely. They are generally the province of more experienced landlords with property and tenant management experience.  In the first instance, as previously stated, a conversation with a reputable mortgage broker would assist you in enormously in gaining clarity for a realistic direction you can take with your circumstances.

    As the event is free, then its certainly worthwhile attending for networking purposes and picking up some nuggets, but be under no illusion, there will be an up-sell. Nothing wrong in that, but just be aware.

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    I plan on getting in touch with one asap Vanessa.

    I said that I would give it a shot anyways, there's no downside.  Fully expecting those upsells too!

    Thank you for your advice and help on the subject.

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    Hi Kenneth,

    I did MSOPI a few years ago. 

    Upsides: you get about and hour of good content on each property strategy (BTL, HMOs, Deal Packaging, Options, Commercial Conversion, Exchange with Delayed Completion, Serviced Accommodation etc).  This may inspire you to look at alternative strategies.  It's free.  There is good networking.  You'll learn the "formula" for public speaking/selling courses after the first few sessions (personal life journey/sob story, rags to riches, actual content, sales pitch). 

    Downsides: WAY TOO MUCH selling!  At the end of each session you get a sales pitch to buy a course in that particular strategy with an emphasis on urgency. 

    If you're interested in any of them, wait till the end of the third day where they do a super-discounted bundle and you'll get them even cheaper.  No food/refreshments - bring your own coffee, lunch and lots of munchies which you can share - a great way to break the ice as most people don't know/prepare so you'll be flavour of the month - at least on day one. 

    It did open my eyes to a lot of alternatives and I took lots of notes, but it was at the start of my "property journey", so if you'll well versed in the business or absolutely sure which strategy you want to follow, it might be rather dull.

    Keep doing your own research, do some free courses, ask lots of questions and get friends and family on board to support you as it can be challenging.

    Best of luck!

    Heather

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    Hi All, my first post so here goes!

    I've been to one of Progressive's network events which seem good and full of enthusiastic attendees they appear more polished than other outfits. I've also read their MSOPI book and various other property related stuff of theirs. Specifically I'm looking to BTL to build a portfolio of properties either on my own or via JV. Looking into doing HMO's further down the line.

    I'm thinking of attending their MSOPI course which I was invited to. I'm just wondering if it will be worth my time - 3 days is a long time for me so will I get value from it?

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    Got a follow up email from them offering me an exclusive to a sit down meal with the trainers by purchasing a £77 premium ticket which is limited to 25. Something tells me this 3 day event may not be worth my time.

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    Curious why has such an email made you feel like that? 

    My view is it's all part of the marketing funnel - up-selling at every available opportunity and also creating a more intimate environment where trainers can sell directly to individuals in a more informal environment.  They can be making money even during lunch!.  That is a smart way to work and nothing wrong with it , but obviously be aware that you are paying even more to be "sold to" ...

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    I only say that as I've read and listened to their other stuff so still a bit undecided as to what I will get in terms of value from the 3 days that I don't know already.

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