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Vanessa Warwick
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A few considerations: Rent to Rent only works legitimately on freehold houses. Most leasehold flats have clauses prohibiting of sub-letting. Lenders do not like properties associated with lease options and refuse to lend on them. That means, that , when you come to completion, you need to finalise the sale with cash or bridging finance. There are many, many pitfalls associated with all of the above strategies, and it's worrying how little these are mentioned. The "Grand Daddy" of lease options, Rick Otton, who brought this strategy to the UK and trained most of the people training it, was fined the largest corporate fine in Australian history for deceptive marketing - £12 million. It was also found that he had only ever done one lease option himself - very odd wouldn't you say? You can buy a property for a £1 consideration, yet he hadn't done it himself! I can only conclude that training people in these strategies is easier/more profitable than actually doing them ...
From:
Vanessa Warwick
25 January 2021 12:23 PM
Thank you very much to Lewis and Property Investor Today for raising this issue. However, to be clear, which is very important around sensitive issues involving harassment, malicious communications, and stalking, I have never had a "spat" with Samuel Leeds. New threads, content, and videos created by me about Samuel Leeds = 0. New threads, content, and videos created by Samuel Leeds about me = 82 minutes of video, numerous facebook posts, threads on his own website. So many, I have lost count. The LandlordZone story you kindly linked to explains the situation very clearly. A second police investigation is now on-going as Samuel continues his campaign against me and PropertyTribes. This is the result of community-generated and substantiated commentary being allowed on Property Tribes. Samuel does not like it. Samuel wants to discredit PropertyTribes' due diligence resources, and he sees attacking me as the way to do that. PropertyTribes has not bowed down to his campaigns. It will continue to allow substantiated reporting on him as it is most definitely not defamatory and also very much "in the public interest". If Samuel takes this kind of action against me, what hope does a newbie wanting a refund have? The "get rich quick" industry definitely needs regulation. These companies are preying on vulnerable and naive people who believe that you can buy a ticket to see a Unicorn. (AKA become wealthy through property with little or no money).
From:
Vanessa Warwick
21 October 2020 10:42 AM
I must confess this article is ill-advised timing-wise when the entire sector is reeling from the suicide of a property mentee who got into debt paying £18K for courses and training with another property guru who promises the world, but who did not deliver on those promises. Furthermore, unless we know how much money the "winner" started with, then its totally pointless to talk about his success imho. Did the other competitors start with more or less money? His commercial project hasn't even completed. It's just "projected" returns. Hmmmm! Where have we heard that before? Additionally, this is very similar kind of stealth marketing content as to that produced by the trainer of the suicide victim and is little more than "fake news" imho. I suspect Nick Rowland will be setting himself up as the next property guru off the back of this win - after all, selling training courses is far more lucrative and a quicker way to wealth than being involved in property!
From:
Vanessa Warwick
06 November 2019 14:06 PM
Crowdfunding to me is the "wild west" of finance. We are hearing of people who are raising millions via this method across multiple platforms and for multiple projects. What we do not hear hardly anything about is investors being paid back! Those stories and news items seem a bit thin on the ground ... With the property market stagnating, many projects are likely to fail to sell at a viable price taking into account the returns offered to investors, which means they will have to be rented out for many years until the market recovers. So, if you need your capital back within a certain timeframe, do not invest using this method, or only invest an amount you can afford to lose/not get back within a short timeframe.
From:
Vanessa Warwick
02 November 2018 12:23 PM
Caroline? Our properties are all of a high standard and in good order. I would be more than happy to spend time in them, as long as you put our tenants up in comparable hotel rooms. What would your "angle" be with regards to the above?
From:
Vanessa Warwick
06 June 2017 10:47 AM
I would strongly advise all landlords to boycott this programme. It will be a stitch up. I was contacted by Boundless Productions and the whole slant of what they wanted was a rich and arrogant landlord going back to find out what it was like to be a tenant. They said such things as "We'd like you to go and experience one of your rental properties, to bring you back down to earth as to the reality of the PRS for tenants". When I told them that I had a four bed rental house in High Wycombe that was nicer and valued more than my own home, and wouldn't that make for an interesting programme, they quickly ended the call! I am certain that this programme will cast landlords as wealthy people out of touch with reality and being forced to experience their own sub-standard "product". The whole concept is biased against landlords and any landlord appearing on it will be the subject of derision and hatred. 15 minutes of fame? No thanks!
From:
Vanessa Warwick
06 June 2017 09:31 AM
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Vanessa's Recent Activity
From: Vanessa Warwick
25 January 2021 12:23 PM
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21 October 2020 10:42 AM
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From: Vanessa Warwick
06 June 2017 09:31 AM