Inside Track Property Seminar

Usual s**te. Strange how people who've made millions, or know the secret to making millions, need to sell their secrets for a few grand instead of using their method themselves to make even more millions.

I just saw this:

It is definitely a hard sell. As a parallel I was once roped into a disused shop in Oxford Street (years ago) and I saw a man make about

I am interested in property investments but in property money can be made and lost very quickly so it is a scary business. The big stories like the Duke of Westminster started centuries ago, so the game is easy for them.

Yeah right. So why isn't he "making the system work" for himself instead of flogging it to others?

Also too many British people are stupid enough to believe the myth that "you can't go wrong with property".

On that point, the funny example was the speaker who made a big point of his high salary from Inside Track (to prove Inside Track works), but he also made millions from off plan and other deals (to prove the system works). The two points are contradictory. He said he quit his director job in corporate London after seeing Inside Track, but then started working for Inside Track!

Anyway, I am still interested. When solicitors charge 200 pounds/hour it pays to know something. As an example of the high losses one can have: I lost 2K on an attempted buy of a shop which fizzled into air when the lender refused to lend (dry rot). The rot would cost 10K to fix and also the 999 leasehold was loaded with high cost clauses which already had cost the current occupant 60K in two years!

I had to write off 2K to experience.

It's good that you posted here. The best place for property advice is here

Inside Track is regularly discussed

Start with the associated FAQ website

Good luck !

Daytona (Landlord)

Just about anyone can make money in a steeply rising market. Recent years have been exceptional, and even without a major price correction, housing is now going nowhere slowly except maybe in bits of London where foreign money (particularly Russian I believe) is distorting the market.

There is a glut of "luxury flats" in the pipeline just about everywhere in the UK. Interest rates are rising. There will be tears before bedtime. Or even sooner...

I do not wish to sound like an Inside Track rep, but is that not the the same story broadcast everyyear for the last 2 years. In fact, the IT guy even showed a collection of headlines all saying a crash was imminent. Those headlines went back to 2003 and every few months the same one appeared.

I was really looking for someone who actually did the course. The IT company is going public and profits of just Instant Access are a million pounds a month (ref Guardian) - so their business is safe.

One thing that troubled me a lot was that almost everyone I met - especially from IT - looked shifty. I read people a lot in my work as I sell to rich people who will spend thousands of pounds very easily without even thinking. I have seen enough rich people to know the manner, language and signs. No one at IT looked rich. They were according to them all rich. But the look and feel and read of them was shifty, looking over the their shoulders, looking for a hint of a good buy in someone's trash - people hoping to be rich.

Rich people are very relaxed, and will not think much or at all about

When I was at the Hilton for the workshop, I saw there a lot of people who were not rich and the whole hotel was image focused. I know about bathrooms, and when I saw the bathroom at the Hilton I knew straight away that the management had not spent much money on it and had gone for all show. A good bathroom waste, basin, mixer will cost thosands, the Hilton one cost maybe 200-500 pounds (according to contract rates/volume/time).

That to me is an example of the difference between looking rich and pretending to be rich and actually being rich.

My read was the IT people were pretenders. The presenter ( a self declared millionaire) even complained about coffee costing 3 pounds at the hotel - that is not something rich people complain about!

He then said he judged people by their shoes (yawn, that is so old that you need to go back to Victorian Britain for that to make sense - look at the shoes of Larry Page (billionaire many times over), Brin, Branson, or countless others.

He is. What do you think the real system is?

Adam

You won't find 'em here, theyve all had to sell their computers to pay for the losses.

Either take the advice offered or try it. It seems you're trying to convince yourself that a lead balloon will rise with the right amount of hot air.

Tiddy Ogg.

Genius.

In message , Logician writes

I think you know different rich people to me.

In message , Logician writes

So why do you seem to want to give them lots of money for that statement to be expanded out into a flashy brochure and DVD?

Shirley, what you want to do is find someone to discuss securing finance and see what might be plausible in your area. I think its best, at least to start with, to concentrate on property that is nearby, so you are more likely to know what's going on in the area and are closer at hand if there are any problems.

ITYWF that these people were "plants".

Hmmm link doesn't seem to work when I tried it just now. Try or DIY !

Daytona

Quite true, and I was, and still am, one of those.

It boils down to whether you assess property prices against their historic value - see the long term real house price trend graph on the latest Nationwide report or whether you assess them using interest rates associated with the low inflation environment we now have and believe that they deserve to be valued more like bonds, were the yield determines the price. As inflation has dropped over the last few decades, so have interest rates, so capital values deserve to be higher. The latter is a 'this time, it's different' scenario, which the famous investor, Sir John Templeton described as the 4 most dangerous words in investing.

If I were looking to do this I'd seriously consider as the MD David Humphreys has made some valuable contributions to The Motley Fool - Property Investing - Practical forum -

IMO after taking advantage of the rises in the property and equity markets, the only good investment at the moment is paying down debt.

Daytona (Landlord)

Just to add a little more background; Which? magazine wrote an article entitled "Get Rich Quick Property Schemes Exposed" in the October '03 issue -

Daytona

Is that like the road signs: Heavy plant crossing?