Why I Have Sent Tudor Equity A Cheque For £2.5k With A Smile On My Face by Clare Hanbury

Money Gym Subscriber Clare Hanbury-Leu says: The relationship with Passive Investments was built on trust. I have trusted them to find the right properties – to renovate them to a high standard – to rent them out as quick as they can – to advise on the best mortgage deal – to re-mortgage and turn things around as soon as they can etc.

Most of us must be happy to accept risk to put so much trust into the hands of people we don’t know well. My friends, my financial adviser, my partner all felt nervous of the arrangement and advised against it but I pursued it – uncharacteristically ignoring their advice. My instinct felt strong on this one.

I have been involved with Passive Investments for 3 years and have two properties. The rental on one of these was a little slow in coming and the turnaround on the first mortgage again a little slow. I had one property fall through and lost a bit of money on legal costs and survey etc. All this said, I have been delighted with the results of the investments to date and delighted with every contact I have had with the company. I have felt totally supported by them. I like having them in my life. Every glitch, every query has been dealt with quickly, politely, humorously.  I have been happy to talk to two potential clients and chat through my experiences with them.

I have had some contact with Greg in the last few months and found him open and straightforward. He is an ideal business partner. Even prior to my contact with him there was no doubt in my mind that these are very tough times for the company with its peculiar business model that clients pay when we have done well and not until then! I am staggered that he has stuck at it as long as he has with no salary. I know he has worked for the future of his own properties (which is good thing) but he has also worked free for me too!

When the letter came though last week, the trust I had placed in them suddenly felt foolish. However after a few minutes indulging in panic…most of what I felt was what a WASTE of the talent and expertise that is this team. I felt upset that I would not complete the portfolio. I felt nervous about having to deal with the properties on my own and I felt frustrated to have to do so when they have a good system in place. I have a property in London too which I manage myself and would much rather it was in Passive’s care! Then I read that Steve wanted to keep things going with the team there and I was keen to know how I could help.

So…..there is this 2.5k (which is a LOAN) to help Tudor Equity capitalise – this is money that the very same advisers, partners friends etc will describe as throwing good money after bad – but I don’t think so. From a numbers point of view…Because the 15K back payment /property has been reduced to 10K this means that by the end of completing the portfolio of 5 properties, there will be a SAVING to me of 25K from the original agreement AND I’ll get the 2.5 loan back.

Hmnnn why is this a difficult one to agree to? I guess that it’s difficult because of trust. Do I trust them again? The way I see it is that they have ALREADY done so much for me re: my properties that they have ‘earned’ this AND if the team don’t think they can make a go of it because there are not enough of us signed up – we’ll get the money back anyway…and if they DO think they can make a go of it – well I am willing to give them an opportunity to do so.

My cheque is on its way to them with a smile on my face. I really want to help keep this business going and I am grateful to them for giving us a chance. I have not yet spoken to anyone outside of Passive and I have not looked on the internet to read what is being said so my words are unaffected by others’ opinions.

I don’t see any point in NOT supporting the team now. I feel the market is not only stabilising but strengthening – I think we all know this and what we also know is that we have a dedicated team and they will be even more so if this can go ahead. I really hope there are enough of us to give them a chance to navigate a path to creating a robust business again. I’m sure they can do it. The banks won’t help but I will.

Clare Hanbury B.Ed (Cambridge) MSc (London) MA (London)
International Development Consultant ClareHanbury.com

Shocking Truth About Judith’s Money | What Will Be YOUR “Return On Investment”?

Judith Morgan says: Nicola’s always asking me “Why won’t our clients tell us PRECISELY how much more money they have made by being in The Money Gym?”

I don’t know is the short answer!   What I do know is that in the UK we don’t like talking about money whether it’s because we’ve made less than we would like (and don’t want to share that) OR the more likely Money Gym scenario which is that we’ve made more than we think our friends and family would like (and we don’t want them to know or to show them up).

Many’s the time when we have been contacted by a particularly successful client and asked to TAKE DOWN a testimonial, because they are getting divorced, have just met someone new, don’t want to be stalked, are worried about burglars, don’t want the tax man to have any inkling….many, many differnent reasons.

This, of course, makes our Money Gym marketing very difficult, particularly for the Gold and Boardroom coaching programmes and it makes it hard to give people specific examples when they ask that age old question “How quickly will I get a return on my investment and how much will that be?”

Read more..

Anyone Can Do It – Property Investing That Is!

What am I most looking forward to on Saturday apart from catching up with 200 of my favourite people?   What are my anticipated highlights?

Just one woman’s view but it might be useful if you are still sitting on the fence and are a last minute purchaser, still undecided?

Anyone Can Do It, opening inspiration from my mate Peter Stanley.

http://www.themoneygym.com/events/property

Handing over a HUGE cheque to those worth folks at The Big Issue, about which more tomorrow.   I am just loving the idea of a marriage between The Money Gym and TBI since they are so entrepreneurial in their approach to homelessness.

The Caribbean Dream by Katharine Wooller.   Most of her clients are making their first ever investment in an overseas commercial hotel unit which can create a substantial income from only a tiny deposit.

http://www.themoneygym.com/events/property

A short presentation about SIPPS in which I am anticipating Roger turning us all onto them – and not a moment too soon.

The prizes!   So many gorgeous gifts to give away.

One Networking Minute – my experiment to get 60 delegates on stage telling us about themselves.   Should be chaotic but fun, I have this image of something akin to The Generation Game!

Rick Otton and his Rent2Own/Lease Options strategies.   I ran a teleclass last Friday about this (and if you missed it, please email me and I will sort you out a link to it).  My intention was to give an overview of how you can buy a house for only £1.

http://www.themoneygym.com/events/property

Who would be good at this?   Anyone who can be taught (by me if necessary) to “get” the maths, creatives who love to look for the deal, people for whom this might be their only route into property ownership and good negotiators.   Any one of those, not all of them.

A testimonial flooded in after the call from Heather who is coming on Saturday:

“Thankyou for the recording of Friday’s teleclass. It was of great interest to me. The thing is I can think of at least 3 properties I have looked at in the past month which would be perfect to “control” in this way – properties I know I could rent out and easily cover the mortgage payment and some each month. It means that there is the potential to help people with very little or even no equity in their property which it would not be possible to do with the traditional BMV purchase. I think the most exciting thing is that there is the potential for monthly cashflow if that’s what you need, but also if you want to use this strategy for adding to your own portfolio some deals will be suitable for that as well, but without the need to immediately find a large deposit – perfect! I’m looking forward to learning more on the 21st”

By George, she’s got it! There are so many routes to making money and/or buying property using these techniques which are all in the negotiation. Rick has promised to put up some real worked examples so we can understand even more about this and how to do it.

I really love to see the penny drop and will be looking for that on your faces on Saturday. We also run a Money Gym special interest Google Group for all those involved in Rent2Own and if you decide to take this further, we will look forward to have you join us there. We can help you to get those few important deals under your belt.

Last but absolutely not least, the triple whammy of being able to meet Martin Roberts from TV’s Homes Under The Hammer who opens the presentation for Unique and Henderson. Two sides to the same business sharing one absolutely unique benefit – your capital  investment is guaranteed and underwritten by Lloyds.

Unique offer the chance to buy ten years’ holidays for the price of one average family holiday AND they throw in the capital appreciation of the unit you have bought AND the opportunity to take your holidays in your own unit, others’ units or not at all and take the rental income instead.

Henderson offer the same thing but multiple units with a reinvestment programme for the rental income which means you end up with a lot of overseas real estate and an income pot, all compounding nicely for you with that same capital guarantee underwritten at Lloyds again.

http://www.themoneygym.com/events/property

I haven’t met Kerry Welch yet who was one of the brilliant minds behind this one although I have met the rest of her team and I am much looking forward to seeing their presentation again. I know that this is an innovative opportunity that many will enjoy and take comfort from that guarantee.

Finally an explosive Q & A panel game where I really hope and expect we will grill the speakers so that they finally convince us what we know in our hearts, that now is precisely the right time to be finding a way – multiple ways – to invest in property.

See you there!

Judith

PS   Whilst writing this another handful of tickets sold, total now is 162. So if you ARE intending to come, please book now and bag your seat, your one moment on the stage, and lots of wonderful new ways to make your fortune/pension in property.

http://www.themoneygym.com/events/property

Money Gym Interviews | Anthony North, The Big Issue

We hosted a lively interview with Anthony North, Head of Fundraising for The Big Issue, yesterday and you can listen again here on our Blog Talk Radio show.

Anthony, as you can hear, is a raging intra-preneur for the Big Issue and is totally passionate about his work.  Listen to the show below and then…..

You can help us reach our £4500 target by coming along to our “Property Extravaganza” to hear the GOOD NEWS about property investing in the UK, right now.

Only £25 per person, eight great speakers, and a rocking day out!

Secure your seat here >>> http://www.themoneygym.com/events/property