JOINED PLATINUM
PROPERTY PARTNER

September 2013

PREVIOUS
CAREER

Banking

PORTFOLIO
LOCATION

Cambridge

NUMBER OF
HMOS

4

BIGGEST
BENEFIT

Lifelong income

For Nick and Gré Duthie, Platinum Property Partners has certainly delivered on its promise to provide an income for life without the lifelong commitment; yet they want to stay part of the franchise. Why?

The Alumni Mastermind Programme offers a flexible and affordable way to remain knowledgeable and competitive in a challenging sector, while enabling them to stay part of an invaluable network of friends and colleagues. So the real question for Nick & Gré was - why wouldn’t they?

More than six years ago, Nick and Gré joined Platinum to securely replace their income from a successful career in banking. Selling some assets to raise the capital needed to get started, they quickly built a portfolio of four Houses in Multiple Occupation (HMOs) across Cambridge within three years, achieving an average of 15% return on investment.

Happy with the level of income they’d achieved and in no rush to re-mortgage and expand their portfolio, they took advantage of passive commercial property investment opportunities that were available to them as PPP Franchise Partners.

Come 2018, their franchise agreement was coming to an end and they had two choices - leave Platinum with their business, profitable assets, 100% of the income, no subscription fee, knowledge, experience and great memories; or stay with PPP while retaining their business, profitable assets, 100% of the income, a small subscription fee and chance gain more knowledge, experience and special memories.

An easy decision

It wasn’t a hard decision for the couple to make.

Having already seen huge value for money over the years, the opportunity to remain part of the network as Alumni Partners and receive all the benefits for a nominal fee was too good to miss.

Investment Success

99%

AVERAGE
OCCUPANCY

19%

RETURN ON
INVESTMENT

£27k

ANNUAL PROFIT
PER PROPERTY

Nobody will completely understand how invaluable being part of the Platinum franchise is until you face the choice to leave,” said Nick. “The training and knowledge gained is top class, but also their proactiveness in ensuring we are on top of legislation and competition in addition to their ability to motivate you.

Nick and Gré

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Utilising the network for future growth

Nick and Gré plan to remain active in their property business and will be investing in at least two more HMOs – of which no percentage of profit will be payable to Platinum – as well as considering commercial opportunities following their participation in Platinum’s Alumni Mastermind course.

They’ll utilise the network for passive investment, the Power Team members for financing options and additional services such as wealth management and estate planning.

Whatever their future holds, they are certain Platinum will be in it for years to come: “They get a 100% positive feedback rating from us – they do exactly what they say on the tin, there are no negative surprises and without them it would have been a financial, physical and mental disaster,” added Nick.

“There’s no reason for us to leave right now, and probably the only reason we would is if we decide to use the wealth obtained from our portfolio to do something else. But then just having the freedom to do that without any consequence as Franchise Partners is also why Platinum is so great.”

Franchise partner stories

Our Franchise Partners come from all walks of life. Some have a lot of property experience and others have very little, or none. But all of them are now enjoying the income and freedom that come from partnering with Platinum.