Frequently Asked Questions
What can I expect to achieve in 90 days?
You will be in a completely different place in 90 days time when you do this programme, you will have all the knowledge needed to set up and run a successful Rent 2 Rent business. If you follow all the modules and processes we teach you, you will be well on your way to getting deals, if you haven't got a deal already.
I have seen people get deals in 4 weeks from joining to 12 weeks on the programme. I have also seen people get deals a couple of months after, because they made sure they only took the deals that generated great cash flow. It took me 4 months to get my first deal and then I did 8 deals in the next 4 months.
All my experience and systems have gone into this programme, as well as you having me there to help answer any questions on live calls and in the Facebook group. You will own the blueprint to success, all you need to do is follow it and build your own Rent 2 Rent business.
How long will it take to get a deal?
That depends on the effort you put into this, you don't need massive amounts of time, just 5 hours a week can get you where you want to be. Be willing to put the effort and work in to achieve the deals you want. By following the Rent 2 Rent training, you will have all the tools to get the deals in a short period of time, if you are willing to go out there and implement it.
How can you find potential Rent 2 Rent deals?
There are many ways you can find potential Rent 2 Rent deals, including working with Letting Agents, contacting landlords directly through letter campaigns, networking and word of mouth. All of these strategies are detailed in the Rent 2 Rent Business Builder Programme, including scripts of exactly what to say to Lettings Agents, property owners and at networking events.
Is this strategy suitable for new investors?
This is a perfect strategy for new investors. In fact, if I was starting out all over again, I would use this strategy and just follow my own systems on this course to achieve the same results. The reason being, you can gain amazing cash flow from the properties you take on, without needing a 25% deposit, or even needing a mortgage. This strategy can be used in conjunction with pretty much every other strategy, including HMOs, Serviced Accommodation and PLOs. This is the perfect strategy to learn as a new investor.
How much support do I get with this Rent 2 Rent Business Builder in the 90 days?
Although you get to go through this training at home whenever it fits in with your schedule, you are not alone. The programme is split into 10 easy to consume online modules. Each of the 10 modules has sub modules that make the learning easy to understand and refer back to when needed.
One module is delivered each week, so that you have time to watch the videos and use the resources on offer. You can ask any questions that you need to ask.
We want to help you take action to make the most of this golden opportunity. One of the bonuses you get, are 6 Q&A group coaching calls over 12 weeks, so you can get the support you need, as you go along. It's very important to get all of your questions answered, so that you can work through your first few deals.
If you can't make these calls live, they are all recorded so that you can listen to them at any time.
They are available in your Kajabi Online Learning Portal and you have the private Facebook group which gives you on-going support and access to past and future coaching calls. You will always be able to continue learning more every month.
What if after joining this training, I don't think Rent 2 Rent is for me?
All investments have risks... except this one! There are two ways this investment can go for you.
Here's the first scenario: You put these Rent 2 Rent strategy and tactics to work and smash it by replacing your income in a short space of time.
In that case, you're probably going to need a calculator to figure out what your Return on Investment is. The second scenario goes like this: You just don't do anything with the material, or you get distracted, or it's just not your preferred property investing strategy.
You are covered by a 14-day no questions asked, money back guarantee if you feel this training isn't for you.
The 14-day money back guarantee starts when Module 1 is released. It's a no-brainer, really.
Is this strategy suitable for experienced investors?
If you're an experienced investor and you're looking for a quick cash flow, then this strategy is amazing to run alongside your other investments. It will minimise your initial cash requirement and maximise your Return on Investment, as well as offering you extra cash.
How can I get option deals through Letting Agents?
The first problem is, most Letting Agents have never heard of Rent 2 Rent. When the average investor attempts to explain how they can work with a Letting Agent, they usually don't do a very good job. If the Letting Agent thinks that they won't get their commission, they will not want to work with you.
This is why most investors believe that you can't get Rent 2 Rent deals from Letting Agents. But that is not correct. If you know what to say, and say it in the correct way, you will find some Letting Agents bringing potential Rent 2 Rent deals to you.
In this Rent 2 Rent Business Builder, we give you the exact script to use when speaking to Letting Agents. Also, you get the different scripts to use when speaking to the property owners themselves.
Can I use this strategy to invest remotely?
Most of our students invest in the UK. However, we have some who don't live in the UK, and invest remotely. They do this by understanding the principles, making the most of social media and connecting with people on the ground at live events such as Strategy Implementation Live and Property Magic Live. At these events, you can build a local power team of contacts, who can be your people on the ground, representing you, which means you can start a Rent 2 Rent business remotely. It will take some planning but it can be done.
Does this work with all properties?
It can work in most circumstances. It's very important that you realise you need to make a good profit from the property by using a good strategy. Single Lets don't work as well if the property is empty, you are not making any money.
Whereas if you have an HMO (House of Multiple Occupation), even if a room is empty, you are still making money from other rooms. The common mistake made by many investors, who don't educate themselves on how to use this strategy correctly, is not knowing the numbers they need when looking at deals.
Being able to calculate the profit and cost will show you if a deal stacks up or not. We show you how to do this, so you know the deals you negotiate on will work for both you and the landlord, creating an ethical win-win for everyone.
Can I use this in conjunction with other strategies such as SA or HMOs?
Yes this strategy is perfect for that, it can actually be used in conjunction with the majority of the other strategies.
Think of a Purchase Option as an alternative to buying the property. The property can then be used as it would normally as an HMO, Serviced Accommodation, or whatever you want it to be used for. You can start it as a Rent 2 Rent deal with a landlord, and then over time you can turn the deal into a PLO and buy it in a few years' time. This way you can save the profit you make on the property now and use it as a deposit for when you buy it, this means the property has cost you nothing to own.
Can I do this in a company name?
We recommend that you set up a Rent 2 Rent limited company, in which you will put your deals. The main reason being, you want to see this as your own property business. Having it as a limited company shows you are here to stay and a company people can trust.
What happens if I don't manage to rent the rooms out or make any money?
We recommend that you always have a break clause in your contracts, so if for any reason things do not go the way you have planned, you can issue the break clause and hand the property back. This is a worst case scenario, but you have this option if you need it, so no need to worry about this.
What happens if the property owner dies before the end of the Rent 2 Rent term?
In this unfortunate event, you have a legally binding contract with the owner, which will pass on into their estate in the event of them dying. If this was the case,you would just need to talk to the new legal owner and work with them. In many cases, if the property is bringing in extra income for them, they may be happy to continue with your service.
Can I still do this if I have a poor credit rating?
This is a fantastic strategy if you have a poor credit rating and are unable to get mortgages,because your personal credit rating has absolutely nothing to do with being able to get Rent to Rent deals. You may have a credit check when doing Rent to Rent by letting agents but we can help you explain your credit and give them peace of mind with our scripts.