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Posted - 12/10/2017 :  22:52:03  Show Profile  Reply with Quote
Gettin’ Jiggy Wit It is playing as we file into the Stephenson suite in the basement of the Hilton London Euston. Thirteen of us have come here to learn the secrets of investing from the former Liverpool and Justin Braun Womens Jersey England footballer and – we’re told - “property magnate” Robbie Fowler.
Vikings Official Jersey
Adverts for the Robbie Fowler Property Academy picture Fowler and promise wannabe investors they will learn how to “build a property portfolio without the need of a footballer’s salary”. Fowler became so well known for his reputed property empire that during his spell at Manchester City, fans used to sing “We all live in a Robbie Fowler home” to the tune of Yellow Submarine. The former striker, however, is not going to be sharing any of his personal insight. He isn’t here. The adverts point out in the small print: “Robbie Fowler will not attend these events.”

Instead, lessons are delivered by a trainer with Legacy Education Alliance, a transatlantic training company that owns the Robbie Fowler Property Academy and that promotes its property investment courses using the BBC Homes Under the Hammer presenter Martin Roberts, the former Olympians Roger Black and Steve Backley and the US personal finance guru Robert Kiyosaki.

The trainer explains at the beginning of the session that he is “obviously” not Fowler, “but I’m here on behalf of Robbie”.

The first thing he wants to do is “congratulate every single one of you guys”, because we have done what “99% of the population are unwilling to do: Russell Wilson Jersey invest in your financial education”, and we should applaud ourselves. The second is to make sure we don’t have any cameras or recording devices because everything he is about to teach is “copyright myself and Robbie”.

Once that’s out of the way, the acronyms come thick and fast. In order to make money in property, the two most important things to remember are BMV and OPM, he says. That’s below market value and other people’s money.

“This is not a get rich quick scheme,” the 20-something trainer tells us. But if you do want to get rich quick, he says, borrow other people’s money to buy properties at below market rates, then “flip them” (sell them on quickly for more money), and repeat.

“Write this down,” he says. “Money in, money out, asset for free, income for life.” On the screen he flashes up examples of investors who have followed his advice and made hundreds of thousands, or even a million pounds, and secured their “financial freedom”.

The big money, he says, comes from more acronym-based strategies. A favourite, he says, are HMOs (houses in multiple occupancy). “That’s buying a house and splitting it up into rooms and letting them individually.” The ROI (return on investment), he says, can be “infinite”.

The trainer Aaron Donald Jersey is also a fan of repossessed homes. But, he says, there are bigger profits to be made by finding people at risk of repossession. “I target repossessions before the people are repossessed,” he says. “I take out ads in the local paper: ‘Are you facing repossession? Call your local landlord, [the trainer].”

He promises to teach us how to run a tax-efficient business because he “hates the taxman … doesn’t everyone”. Other methods include “creative finance”, which he promises means even potential investors with no assets and bad credit ratings can borrow money to start their property empire.

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