Sourced Arvostelua 194

Have contacted by coventry sourced ltd. Looking for development deals. His name is todd .He has got one offer from me and after got all details ,he said he is going through other agent. He is unprofessional and shouldn’t be doing this job. Waste of time and scammer and cheater. I don’t recommend to work with him.

After a disappointing experience with another property training provider, I stumbled upon Sourced, and I must say, they are a breath of fresh air! Joining their franchise has been a game-changer for me, and I wholeheartedly recommend them to anyone looking for top-notch property training and exceptional business practices.

Terrible property investment platform. I engaged one of the Sourced franchisees, Robinson and Hardings Investments Limited, to source property deals and despite paying over £6,000 in sourcing fees no deals have been sourced or completed. Despite the Franchisee acknowledging a full refund is due, to date I only received excuses as to why the refund is not paid. The Franchisee has now gone MIA.

Overall the experience with Sourced has been poor and like so many others I’m out of pocket having paid for services never received. This is a scam investment platform and I recommend avoiding at all costs!

Sourced's assertion that they are not responsible for the actions of their Franchisee's is absurd. Franchisees pay a fee to Sourced who as Franchisor provide training regarding sourcing and completing property deals and all Franchisees operate under the 'Sourced' brand. Investors are funnnled to the Franchisees via the Sourced investment platform app. All contractual agreements are provided by Sourced and Sourced provides ongoing training and mentoring to Franchisees regarding the operation of their business, so to suggest Sourced are not responsible for the condcut of a Franchisee who is following the Sourced business model and training is a farce!

Superb company, superb content, superb work force, superb potential and superb mindset.

One of the best decisions of my lifetime was to commit to sourced. If you open up you mind and unlearn everything you thought you knew then your potential is limitless.

Having joined sourced, my property knowledge has accelerated at a breakneck pace. I’m learning every single day with the support of top level mentoring and excellent technology. I would be more than happy to recommend sourced to anyone looking to start their journey in Property.

Sourced is very excellent platform and team, it's well established brand gives great credibility to investors and helped me to secure deals with my investors.
Funding structure is good where initial funds are less to put in and make project viable.

Love Sourced … great community vibe and a brilliant guide in the form of Matt Mason

Great support provided for franchisees and the depth of knowledge is unrivalled.

It took me three years to finally purchase a franchise, I looked at estate agents, letting agents and anything property related. I am naturally a cautious guy so it has taken me time but I can say its the best decision I have made in my working life. The training and support is second to none, I think its important to say that property is not a quick income stream, it takes time. For me my first deal took three months but It was the first of many, I am now doing a project with a forecasted profit of over £150,000 all supported by Sourced. Best advice I can give is attend the events they offer, get to know the team and enjoy the journey!

I have now been a franchisee with Sourced for two months and I highly recommend Sourced to anyone who is either looking to develop their property knowledge or completely new to property like me. At the start they provided I a very in-depth 3 day training course which is then supported with numerous online training tutorials via their own portal. The ongoing support from Matt Mason and the team has been excellent and they are always on hand to help.

Excellent franchise for people who are fully committed to running a property business. The support, learning and personnel
resources available are all great and more than worth the franchise fee.

I joined the Sourced Partner programme in December 2019 after paying my initial franchise fee of £15,000 I have now exhausted £79,000 worth of capital with No Return.

I worked on a project single handedly for 2 years… I asked for various support throughout the process as promised at the start from their sales point and introduction.

If you do not have sufficient funds to use one of the sourced network franchisees to find you a deal and manage the project for you, (none which where affordable by me) you will get limited support other than the odd phone call or E-mail in return if you pester them enough… they may give you some ideas on what direction you may wish to take via another professional which will cost you more money.

Sourced are good at selling you a dream, in which sense could work for some, if everything goes to plan and you have enough capital and big enough pockets to pay for extra services and professionals to cover their fees….

However if you do not, you shall be paying the franchise £30,000 over the course of five years for education you can find over the internet for free and an introduction to the network franchisees and the projects they put together, which in turn will take more money from you for their services.

These guys are also in contract with sourced and have to pay their own fees back, so it’s a very clever machine ran by Sourced as everyone is working chasing the same dream but paying the people who do the least at the end of the month and on project completion.

If you do indeed find a deal that’s feasible enough on paper for you and the franchise alike and you pay out all the surveyor & solicitor fees associated, they will then pass you on to Sourced Capital who will lend you up to 80% of the GDV of the property once you can show case you have done all the correct due diligence and the famous deal calculator fits accordingly.

They will then charge you an in and out fee totalling 7% on any Capital borrowed from the P2P lending platform which is their sister company and the loan will come with 12% interest which will go to the private lender, who in my case just so happens to be the same company who sourced used to trade under before changing name earlier this year… I also noticed that, that same company had the same directors previously I had met as the people who were selling and delivering the franchise to me.

By the time I got to the P2P lending facility stage I had paid 15K for a franchisee which had not helped me with anything, I had sourced my own property and I was 35K deep and desperate for something to workout.

So like me you will probably bypass the extortionate loan shark fees, in hope your project will clear all and you can pay the franchise off and start slowly making a return in the future.

Be certain that any issues you may encounter on your property portfolio journey will be down to you! You will be signed to a personal debenture and they will take first charge on any property secured. You will also be bound to numerous conditions which shall mean you can not do anything with the property until the full loan amount plus fees are paid back.

I know from the first 5 sourced partners which started with myself in December 2019 that I will now be the third that has left the partner programme and at the start of this 3 where looking to take legal action against the company.

You will find myself and another young lady being used as promotion on the website via an interview linked to you tube on our first introduction day, if you where to interview us today you would get a very different insight that’s for sure, we’re both disgusted and feel cheated by the franchise.

Sourced has turned out to be the worst decision I have ever made in my life, I have lost £79,000 and I am now facing bankruptcy.

I will be documenting this further to ensure investors know exactly what they are getting themselves in too, as I wouldn’t wish for any person to go through the experiences I have and lose out on their hard earned money to people who genuinely couldn’t care less if you succeed or not.

Have been working with Sourced for nine months. There is a plentiful in-person training schedule, and a LMS loaded with content, which is included as part of the package. Monthly network meetings and exclusive access to Sourced Capital finance are of huge benefit.

A very professional team of people, and I’m glad I jumped on board.

Before coming across Sourced I was dealing with another property training provider and I was really disappointed with their way of doing business. Sourced is so much different! I am glad I have joined the franchise and I wholeheartedly recommend them to anyone!

As a 24 year old with no prior property experience, I have just joined Sourced Franchise and I am absolutely delighted with the service offered so far. The amount of knowledge and experience that is shared within this community is immense. The 3-day in person training I received at Sourced HQ was incredibly engaging and enjoyable and made me feel like, despite my experience, I can reach great success with property. Very excited to see what is possible as a Sourced Franchisee and very grateful to be a part of Sourced, would recommend to anyone able to make the investment.

The most open, knowledgeable helpful and hands on people I have come across in Property sector.
Highly Recommended.

Having worked with Sourced for around a year, there's one thing that always strikes me as being remarkable... Every single member of the team is extremely knowledgeable and has the ability to present content clearly and concisely.
Every event attended has been well organised and they're such a welcoming company.
They really are true property professionals.

They are a scam company. Never invest with them. Have invested in 2020 and they have neither started the development nor are returning any money after continuous chasing. It’s a big scam company. Do not trust them at all wi th your hard earned money.

I have been very impressed by the consistently high levels of support and training which I have received since joining Sourced.
Being able to network with and work alongside fellow franchisees has been invaluable bonus too.

The help and support I’ve received has been second to none! I’d recommend Sourced to any one looking to invest in property.