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Does anyone know of this guy? Has anyone actually been through his "pricey" property course? what are the genera thoughts surrounding this guy?
I would always recommend trying our search engine before posting.Putting Simon's name in brings up a number of discussions:Ben Rogers - is Simon Zutshi correct?YPN magazine and Simon ZutshiSimon Zutshi's mastermind mentors Simon Zutshi webinar on Instalment Contracts ..I am confusedI would recommend reading through those and asking any further questions you have on the most relevant thread.
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 have read his book "Property Magic"( It .was a freebie by the way) Another magician turned GURU .He is also a director of a property crowd funding company
Yes, Don - it is called Crowd Property.They ran a crowdfunding raise on Seedrs in 2017, which was over-funded.
I know Vanessa as i have been registered as an investor with them for a couple of years (but never invested).Their record so far has been excellent returning investors' money on time and funding each of their projects in some cases in a matter of hours.Why have i never invested? In my view its sub-prime equity lending based on market value when it should be based on forced sale value -ie The price you are likely to obtain at auction
When doing Due Diligence earlier today on a post asking about Peter Rowan he had a successfully funded crowd funding campaign on Crowd Property with his company Peninsula Property Ltd
It says Paid Back in Full on the link which may or may not be the case, with a £-105k Net Asset Loss within the company something doesn't appear right, if he has returned all the investors funds, it's left the company with a significant loss, did he achieve the price he was expecting? Looks like hasn't been resold yet......
According to Rightmove Sold Prices, No recorded sale after his initial purchase at £150k 22nd Feb 2016, strange also it shows Sold (Before) yet after 31st March 2016 £80k?
Peter Rowan has five entries on Companies House - see DueDil screenshot - the oldest company being 5 years old.Of the two that are old enough to have filed accounts and show company financials, he has net assets of circa minus £140K
Looks like a Shawbrook Bank refinance.Search companies house
Your right as you say he's refinanced to pay investors back and it's still on the market at an aggressive and maybe over priced £495k, £125k over the £375k he was expecting once completed. Definately No 34. Once sold it will have been a profitable project whatever it sells for.
I have invested with crowd property quite a number of times, never put very large amounts on each property my normal investment is between £1000 and £3000 i have invested on 17 properties of which i still have 8 running on the others i was paid back 100% plus interest at least 8% the reason i say at least is that if for some reason the borrower runs over the agreed time then a higher interest is paid. Which has happened on a couple of times through no fault of the borrower. The way crowd properly carry out the loans ( ie in stages and valuations are carried out at each stage give little chance of there being any loss. From their payback record and the way they run the company, i have 100% confidence in crowd property.
Simon Zutshi is one of the 'bigger' names in the wealth creation sector and charges accordingly.
People learn in different ways, some can read books, retain and implement, read forums, webinars and go to local networking meetings. Others feel more comfortable with a mentorship and learn better, become motivated by going on a journey with like minded individuals, each to their own.
How much do you have to invest in yourself? or get started in property? Which type of person are you?
All these things only you can decide yourself, pointless spending money educating yourself if you have no money to fund purchases or have a job that will allow you to raise the finance needed to build and operate a portfolio.
I don't believe in these no money down strategies of LOA, R2R/HMO or R2R/SA, if may work for a few hard working, resilient, persistent people with a specific mindset prepared to make 100 calls a day that may come across the odd landlord, in the right circumstances. But to work and work compliantly you still need a strong financial base to start you from and for any eventualities that may occur.