Singing Pig

they use exceptionally clever psychological marketing strategies - almost irresistible -  if you must go to the freebie 2 hour seminar, at least leave cheque book and credit card at home  -  in the cold light of day the next day you may make a better decision.

Hi Gareth

I am a Partner of the Rutland Partnership which is a company that helps novice or experienced property investors build or add to their existing property portfolios.  I too have attended one of Inside Tracks 2 hour workshops and was amazed by the hype and astronomical fees you have to pay for the privilege of purchasing discount investment property with them.  

In fact, the Rutland Partnership was set up as a result of this type of buying club where Joining Fees, Finders Fees and ongoing Memebership costs were charged for property that in most cases were over inflated anyway.

If property investment is something you want to get involved with check out our web site and you will see we charge no Joining Fees, Finders Fees and our 2 day training courses are cahrged at £495.00 inc VAT but this is fully refunded when and if you purchase a property through us.  Furthermore, because we too are investing we ensure each and every deal we get involved with have independant valuations to make sure the discounted price offered from the developer is genuine and a real discount is being obtained.

Best of luck

Brian Nelson   

  

a friend of mine went to all the seminars Inside Track offered. I didn't know that they wanted to get into property otherwise i would have pointed her in the direction of a few good books and cheaper semiars.

 They have also joined Instant Access, which is the subsciption property finding service they offer. They offer lots of off plan flats at near market value and charge a 3% finders fee!!!!

 

where do we stand with the notion of buyer beware? where do we stand with the cooling off period? why won't the Office of Fair Trading act when we have all sent our terrible stories to them? How do we stop them from doing this over and over again and their large organisation/s (several or even many branches to this particular tree) sucking the life out of mostly individuals and couples using their remortaged property funds, life savings or pension funds?

We need some solutions now - thinking caps on guys and gals!

Don't do it. Buy a good book instead or do your own research on the web, there is a lot of really good information on this website and lots of good people who won't do you down. You can't do better than honest well meaning SingingPiggers! (I don't work for them either), I just got caught up with Inside Track and got my fingers very badly burned.

Hi Gareth,

 

They are good at taking your money, they supposedly offer "discounts" from developers and specialise in off plan developments, I bought one in Gateshead "valued" at £212,000, they then offered a 15% discount, plus their fees, this was 24 months ago, they also inflated rental returns to make the mortgage stack up.

 2 years later the mortgage is £300pm short and the valuation £165k.

Caveat Empor..or dont touch with a barge pole!

 

 

Where does the £212,000 come from? The market has not slipped back to £165,000 has it? It was never £212,000 in the first place surely? So, can anyone tell me how we stop this happening?

Has anyone got a legal input here that would help all of us to deal with this situation? 

 

As an estate agent i regularly see the effects of rip off investment clubs like Inside Track. The number of people who get sucked into this and steered into buying 'discounted' off-plan property is incredible - I can assure you that in many cases it leads to a poor investment and I have seen many newbie landlords having to sell such investments for a loss as they struggled to meet mortgage repayments due to lower than expected rents.

I have been to one of the Inside Track seminars and the hype is good, I too almost went running to sign-up in wild histeria at the end and part with thousands of pounds - but inside i knew it was all geared towards making them money and NOT me, the small time landlord.

I do invest in property but I make my own choices - it's not that hard - just do good research and use your common sense. Don't ass-um-e anything as you know what that makes!