The intention of this blog was to never start writing reviews of companies but it seems my amateur attempt of comparing an Index Fund v Sourcing property has got people talking/debating/ maybe even argueing….
Not sure about the last point, its an absolute mission to actually understand my writing at the best of times! Although, this is a disclaimer, this is merely my opinion, whilst I try and back it up with facts and figures I could incorrect. Read it with a dash of salt.
The point I’m getting at is from discussions, I’m not entirely sure my property investment case has been the most balanced example of what a return of a property investment should have looked like from 6 years ago.
Which has lead me on to do a bit of research about the sourcing company, RMP Property, now known as PropertyHub Invest
Here is another example of a Property Deal from RMP now commonly known as Property Hub Invest which I found from 2014….
Comparison
I have managed to find a similar 2 bed flat for sale in Cunningham Grange online and its guide price is £90,0000 and its been up for well over a year. Is there 14% discount level a bit of an illusion? Its fair to say…. I think so.
I have multiple investments from RMP which I’m happy to share for you to analyse. If you’d like to view, please get onto Twitter and message me.
Maybe a podcast episode could be created purely on the returns of their sourcing deals? Although it has to be strictly from sold prices…. An estate agent estate going in, valuing a property at sky high rate with no sellors… that would not be realistic.
Reviews
After completing a very brash type on google search bar, its clear there have been a small handful of people not overly content with their property investment purchased through RMP, quite a few comments discuss the actual value of the properties, have these been inflated? Ironically, it also looks like an employee didn’t hit their sales figures for the month, so they seem a little irritated too.
https://uk.trustpilot.com/review/www.rmpproperty.com
Although lets sit on the fence here, this is one review of the company, currently RMP are now called PropertyHub Invest (P.H.I) employs over 50 people, so you could argue that’s pretty good numbers. Only one member of staff has thrown a shitfit for not getting a Christmas bonus, decent stats!
My next amateur attempt to research the company is to type in the new name on Google, PropertyHub Invest and wow! These guys have had a serious makeover and the 5 star reviews and are coming in thick and fast (89 reviews), this company must be buying amazing properties. Confirmation bias….everyone seems satisfied…tick….. they must be purchasing great deals below market for their customers to be saying that? Surely?
https://uk.trustpilot.com/review/www.propertyhub.net
But hang on….. let me dig….
Wait a minute…..
Ah a lot of people seem to be writing reviews about investment strategies and not actual real estate purchases. I need to get the spade out here and dig a little deeper.
Ahhhh, PropertyHub have paid Instagram adds to encourage potential investors to take part in a free no strings attached strategy meeting(I can’t find the link) but anyone with the slightest interest in property investing and has Instagram must have seen the Strategy Meeting video. For me, there are two clear benefits for the company, firstly it pulls individuals into one of the many companies of PropertyHub’s sales funnels.
Secondly, individuals are clearly giving 5 star reviews for investment advice. I mean hello why the hell wouldn’t you? You’ve been given free investing advice, you’ve set goals, you’re ready to rumble!
Is there a clear alterior motive?
However, from my research, it looks like the motive from PropertyHub Invests perspective is to gain the 5 star reviews. Why else would a company be paying for Sponsored ads on Instagram? The motive is clear and obvious, get the 5 star reviews piling in!
When a perspective individual is considering purchasing a property investment through PropertyHub Invest, they will be looking for confirmation bias. Where will be the first place people will look? They’ll be heading over to Google and brilliant the first thing that pops up is 5 star reviews, ah the comfort! This is a stark contrast RMP’s to reviews.
I could be wrong…. I hope I’m wrong and I hope I have hundreds of investors who have purchased through RMP & P.H.I tell me how wrong this blog post is. Hopefully, investors will get on the forums and tell me how well their investments are doing. And how they have managed to pull money backout the deal or sell at a much higher price than they purchased for.
Whilst I want to remain anonymous, I did attend a strategy meeting but I found it quite a hard sell. I took all their information on board and purchased a couple of houses closer to home. These have 110% outperformed RMP properties and thats without finders fees. Lets not forget, since 2014 property has risen substantially in value across the UK well over 30% in most areas. Whilst pockets of the country have done very well, in the UK in general I think you would have to search in significantly high and low to find properties that have actually gone down in value!
Why Have I Written This Post?
This is by no means a a witch hunt. I think the education in their podcasts is wonderful and there are some valuable lessons to be learnt. However, I have written this post for potential investors to think carefully about their investment options. PropertyHub Invest have clear marketing strategies. They keep their investments exclusive, they also put you under time pressure when ‘launching’ a new investment case. As a result of this you have the fear of missing out which can create a panic instinct in the forefront of your mind. Psychologically this can make you feel delusional, making drastic decisions. Personally, I believe investing in property should take careful evaluation, systematic analysis and thought through decisions.
Why Do I Feel So Strongly About this?
Property Investing is no longer a quick win game. You have to put substantial sums of money down for a deposit – 25%. If you do not earn substantial amounts of cash and have acquired your deposit/finder fee/stamp duty through disciplined savings, you want to make sure you make the right investment decision. You do not want to be looking at a property you purchased 6 years ago to see that it has barely gone up in value.
Final Thoughts
I hope this blog post is incorrect. Rob & Rob have done huge amounts for property investment. I hope I get a lot of people coming in with big shots and big investment returns and we can all write this article off. However, you must have Skin in Their Game…. Purchased a Property through their company. Because hopefully not only are their podcasts full of value but so are their deals!
On the other, if the investments haven’t been a positive experience then hopefully some investors maybe saved from questionable below market value deals with a finders fee of £4500 and additional costs for mortgage fees, agency fees and a cheeky accountants meeting just to confirm your 100% invested in The PropertyHub.
Just to reiterate, (disclaimer) this is an opinion with probably lots spelling, punctuation and grammarily mistakes! I’m not looking to source deals off the back of this. I’m giving my thoughts and opinions of investments.
ISA Investment Portfolio - Index Only! 
2 replies on “A Review of RMP Property/PropertyHub Invest”
This review says it all
View at Medium.com
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Have you had a positive or negative experience with the gurus?
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