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  • Property Training/Mentoring

    Reena Malra - Queen Of Property Investment

    Hi has anyone been to Reena Property Profits Breakthrough 2 day course and/or joined her Royal Property Mentorship Programme. I have been on a few of her webinars which have focused on Lease Options and Rent 2 Rent.

    Any feedback would be helpful thanks

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    Hi James,

    Before looking at the trainer, look at the strategy.  Does it actually work in reality?

    See this information about Rick Otton who brought lease options to the UK and trained many of the current trainers.

    Lease options guru Rick Otton fined $18mill 

    Then have a read of ....

    See - Are all property education courses a scam?

    Out of interest, how many properties have you gained control of after listening to her webinars?  If the answer is "none", then you need to ask yourself "why not"?

    Property education, training, and mentoring

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    Thanks Vanessa. I did read the article on Rick Otton someone else i had been on a webinar previously. It seems from what i have read so far on the forum alot of the gurus/trainers/companies that i have seen there webinars bought there books have negative feedback.

    I haven't made myself compliant to try the Lease Option Method but i do see that there is a few of these 'Rent to Buy' deals on Rightmove with a local award winning letting agent, Castledene, that deals with them. I also read the opinion on the forums that this method was in some contributors opinion NOT watertight 'options'.

    I have enjoyed watching webinars, youtube of several of the ones that have negative feedback on here.

    Personally i am not too convinced on what extra value they can give on top of what may have been on youtube,webinar or there book if they have one or many.

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    Hi I have I did the two day in August last year, it was my first property event. There was a lot of Content for two days at the time I didn’t have anything to compare it with. 

    There is a lot of referencing  to how her mentees are doing and also what they’ve achieved so far. They do come on stage to tell there story.

    She does go through varies strategies.

    She does give value compared to other two day courses. I paid £400. I gained a potential JV partner from it. She supplied soft copies on how to speak to vendors estate agents. All meals & drinks were also included. 

    I would say you have to decide what you want to get out of it. Do you due diligence before you spend money iv learned that the hard way from another course I did. I’m now more cautious with who I spend money with now.


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    Here we are again, the property market is slow and, like magic, out of the woodwork come every "property expert" willing, for a small fee, to give you their own secret key to making a fast buck out of property.

    Oh I just love the idea of lease back, yes that's going to happen with quality property and golly, rent to rent now there is my personal favorite.

    So, what happens with rent to rent?... you do a deal with the willing landlord?... oh no, that would be just silly and why would any landlord go for it?... well the truth is they wouldn't, I'm going to take a stab that they teach you essentially how to "blag" the rental from a hapless landlord... here are a few examples (and yes I have seen them all while renting a 4 bed 3 bath house that is screaming "rent to rent"Wink… send ladies in with the "I'm single and work on the internet" story and yes a button more than you would expect undone and very flirty, "me and my partner" story and you clearly don't know anything about each other (oh and maybe you shouldn't appear with your real husband on your facebook page)…

    Day 2... how to create false references and disguise your current (mortgage) commitments. Honestly, IMHO both of these "systems" are just scams... if you want to defeat them, as a landlord, just ask for 6 months bank and credit card stats off EVERY applicant... you can tell more about an applicant from these than from anything else... No bank stats, no rent.

    Do understand these are not "systems" they are ways of making money which are in 99% of cases not legitimate and only serve to bring down the reputation of landlords...

    If you don't have enough money to do this business correctly then put your money in an ISA until you do.    

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    Brilliant post, well done.

    Unfortunately the people that should listen don't, at the back of their mind they know its not quite right, but are so desperate for it to be true they go with it anyway.

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    Phil Stewardson.

    Stewardson Properties.

    Stewardson Developments Ltd.

    Burson Land Ltd. & Jennings & Gilchreaste Ltd.

    http://www.stewardson.co.uk

    Follow me on twitter - @philstewardson

    If you asked 100 people if they could get away with doing an RTR deal that they knew wasn't legitimate, probably 90% of them would do it anyway.

    Unfortunately people love short-cuts to money, and Get Rich Quick schemes are nearly always exactly that.

    Phrases such as:
    'Grey areas',
    'don't ask',
    'didn't provide those details' etc.

    are the usual answers to questions where the method used could be considered 'creative' (another GRQ buzz-word!).

    My worry about investors getting involved with property with no money of their own is what happens when there's a problem that requires a big cash investment, such as a new boiler. They run for the hills most likely as "it's not my problem mate".

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    Speaking from experience, I really don't recommend Reena Malras mentorship programme especially if you want to learn about lease options. The 2 day course is great but you wont learn much more over the next 12 months. I stopped going after the first 6 months, after witnessing an illegal eviction during one of the mentorship days. During my mentorship not one person managed to snag a lease deal and on speaking with previous members it came to light that they also had failed to see an option deal completed. In saying that there were a few members who had completed on R2R deals. I fully regretted signing up to the year long mentorship and wouldn't recommend it to anyone!

    George

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