Tigrent Learning – would you recommend this training?

Reply to the comment left by "Mega Star" at "29/09/2015 - 12:09":

No need to look too far for help!

Reply to the comment left by "Mega Star" at "29/09/2015 - 12:09":

.. basically a good piece of advice is if you hear the course promoter mention the words "financial freedom" you should run for the exit door and have a cold shower and when you've dried off, resolve to read websites where the owners are not trying to flog stuff.... this one, LandlordZone, Property Tribes, mine etc
Good luck

Hi everyone. I am very interested in this discussion as I have a burning desire to succeed in btl investment.
I did pay the £1000.00 for the 3 day seminar back in January 15, and was completely blown away with what I learned there.
I Have very mixed emotions about it. Some good, Some great, and others not so good.
Dr Roe, I believe is an absolute Legend. ( slippery as a fish I would imagine, but an extremly talented guy.)
I felt that in the 3 days the entire course content could have been done in 1 day, and that 2 days were very high pressure pyramid selling of further education.
A lot of the names of the people involved with Tigrent seem to be celebrity names. (cast your own opinion there )
I also had concern that Friday/ Sataday and Sunday, being very long and intense days with the pressure to sign up immediatly left no time to research the company that people were investing in.
After all. they claimed to be the UK`s No. 1 training company, and yet when I phoned the NLA, they had no idea who Tigrent was.
By research I do not mean google reviews. I looked very deep into them. Even visited the companys home in Richmond to make sure it did exist. ( to be fair, it is there )
I feel that some of the information is out dated and most of there sourcing websites do not exist.
I also felt that what they did teach was a bit jumbled up and needed arranging orderly ( maybe that was intentional so as to feel dependant on them to hold our hands through it. ?)

However. As a result of what I learned there, it has made big changes to my life already, for the better. I now have a couple of investment property`s under way with a couple more coming in the very near future with my own strategy.
some of there teckniques i have applied to my business and seem to working well for it.

overall, was it 1k well spent ? I think it was, but only becouse I read through the bull+++t and took on board the information that was relevant .
It was for sure an eye opener as before it I only believed that the rich could do this, and now I no different.
Would I spend a further 10/20+ k. Not in a million years.

Reply to the comment left by "Douglas Cleland" at "15/10/2015 - 00:34":

Hi all,

I'm new to this forum. I went to the 2 hour seminar last night, and was very impressed. Although I was prepared for the upsell at the end, which is inevitable from free seminars. We did sign up, but didn't pay, as I wasn't prepared to pay £1000 on the spot - its not my style. I went home and researched the company and doesn't look worth it, as previously said its sharp marketing tactics - in fact lifestyle marketing and motivational speaking techniques applied to make you want it - which I do, but I don't want to spend that much money on something I know very little about.

What did you learn on the 3 day course? That could be specifically applied to the rest of us? I'm particularly interested in learning about tax/legislation and financing.

I was told by the speaker of the evening that it was possible to buy property with bad credit/debt (by peer-to-peer lending I presume) where after some research I'm not so sure. Can anyone confirm this?

Also what steps should I take as a newbie? Amazon, read forums?

Thanks

Recently, at a blog post, we wrote the following re Crowdfunding / peer to peer lending....

"Many folks who cannot get into buy to let due to lack of funds for a deposit or who don’t fancy learning what really they have to do to make a success of being a landlord are often attracted by crowdsourcing, sometimes called Crowdfunding.

Crowdfunding takes the combined power of peer-to-peer financing, mixes it up with buy to let and is supposed to allow anyone with modest means access to the housing market and the joys of being a landlord, without ever needing to worry about finding tenants, voids or fixing a boiler that’s just conked out.

This will sound appealing to many – and the better and bigger crowdfunders are bubbling along very nicely.

But we think this collective approach has significant risks. And we advise extreme caution.

Let’s have a look at the dangers.

First off there is the issue of control. Basically, you won’t have much. And crucially no control at all really over the key things that make an investment in residential property stack up – like who the tenants are, how the property is managed or how costs are worked out.

You may also have limited or no control over what type of property is bought or in which area. And even if you do, you will have no say over the actual properties that are bought or how much is paid for them.

Second, most crowdfunders keep for themselves the right to borrow against the property, should the money that comes in not be enough to cover costs. If that happens you will see the value of your own share fall rather than increase. And you won’t be able to do a thing about it, at least until, or if, you are allowed to vote on it.

Third, whoever is the manager will need to be paid. These guys aren’t doing it for love. Most funds charge a five per cent up front fee and a profit share of around 25 per cent. Others we have seen want 15 per cent of the gross or net rents plus 15 per sent of any capital gain. Ouch!

Fourth, getting your money out is not going to be easy. If you own a directly held property, you can always sell it as long as the price is right. You retain control. But with a crowdfunded house you cannot do that. You can only sell when you are allowed to, which will be set out in the prospectus, but even the timing of that can usually be altered if circumstances permit.

And even when you can sell, what price will a punter pay? The fact is that there will some discount tied up in the house until the whole group sells. And if prices are falling when you come to sell, that discount will be higher still.

In effect it is like buying and holding shares in an investment trust. All investment trusts trade at a discount to net asset values of the underlying assets that they hold, simply because of the nature of the fact that no one person owns the whole trust. But, with investment trusts, as a punter, you can at least buy a trust at a discount to its net asset value anyway. It won’t be so easy to do that with property.

No Easy Road

Crowd funding looks easy. It seems like an easy win. And it certainly has its place for those who like a hand off investment. A big merit of Crowdfunding has to be not having to deal with mortgage lenders, most of whom have silly criteria which exclude lots of decent investors.

But we think Crowdfunding will result in some tears for some before bedtime in a few years.

The alternative is to be a hands on landlord.

The fact is that being a hands on landlord is not hard. When one invest in property to let, one is not finding a cure for malaria or sending a rocket to mars. It is really not impossibly hard and you don’t have to do that much. If you wish, you can outsource the tenant-find to a letting agent (though you’ll still need to set criteria and check anyone before they are allowed into your property).

And when the boiler breaks, it’s not that hard these days to find someone competent to come and fix it.

Hi again. The 2 hour free seminar is simply just a teaser to sell you the dream and think your going to get rich quick.
Back in the real world.
Yes with the use of crowdfunding you eliminate the need for a mortgage, but obviously gives you very little control of the situation.
That is not something for me to be honest unless it was a long term land investment.

regarding the debt situation, they explain the difference between good debt and bad debt. Which is not rocket science,
A lot of people with bad credit and ccj`s ect presume they will never be able to fix it. That is not the case, but that is why the credit referencing agency(s) are there, not just for the banks, but also to help the individual repair there own bad credit on order to show they are worthy in the future.

Tax....... We all have to pay it. Fact. If nobody paid any tax, we wouldn`t have a NHS/Police/Fire/ Street lighting and bins collected ect. ( not to mention the amount of social renters out there in our houses. )
A good accountant is everything.
However the cheapest accountant is not always the best.
If you are looking at buying investment property, then i would say talk to the right people with experience for advice and not your mate in the local pub who has an opinion on everything and less than a fiver in his pocket.

tigrent, ha haa, let me tell you this, if you want to waste time and money then pay and go , you will find that the initial course will tell you very little of what you were sold and inevitably the MEAT will be on the next course........"or maybe the one after that" ......."or"...???
choice is yours as always and ali is a slick talking guy but keep your wits about you, all this rich dad poor dad stuff and tony robbins is fine but you need a reality check. the old adage "if it sounds too good to be true" nothing will fast track you quicker than doing your own homework and speaking with people who are already doing what you want to do such as on this forum...but there again as usual if its dressed in overalls and looks like work usually people dont want to do it "which is what all of the ones i mentioned are really looking for...thats their strategy..!!! "get it"

Reply to the comment left by "Sherif Sobky" at "15/05/2015 - 08:53":

damn right..!

Reply to the comment left by "perry newton" at "16/01/2016 - 19:15":

Damn right! Jeeeez, yer can buy a property for £35,000 one even £20k if you get out of London.

Just hope Mark don't read this, or you we will have to pay £1000 to sign up here - but worth every penny.......

Reply to the comment left by "Chris Byways" at "16/01/2016 - 19:56":

We run on donation Chris, please see below

http://www.property118.com/how-do-i-give-a-donation-to-property118/41508/
.