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  • FIRST POST
    purplefirth
    Inside Track
    • #1
    • 1st Jun 05, 9:40 AM
    Inside Track 1st Jun 05 at 9:40 AM
    Does anyone have any experience of Inside Track. Recived a flyer through the post yesterday claiming they can teach you how to successfully invest in property.

    They offer a free 2 hour workshop on how to purchase property at 30% below market value, beating the estate agents, purchsing with minimum cash deposit ++ Their website is www.insidetrack.co.uk

    Again this is not an ad just wondered if anyone had experience of this company and anything helpful to add. Thanks in advance.

    Anyone at all heard of these people, would really appreciate any comments!
    Last edited by purplefirth; 01-06-2005 at 10:22 AM. Reason: No response
    What goes around - comes around
    give lots and you will always recieve lots
Page 1
    • Lemoncurd
    • By Lemoncurd 1st Jun 05, 10:34 AM
    • 959 Posts
    • 559 Thanks
    Lemoncurd
    • #2
    • 1st Jun 05, 10:34 AM
    • #2
    • 1st Jun 05, 10:34 AM
    I get stuff from them through the post weekly, goes straight into the bin. No idea how they got my details but the flyers get forwarded from my old address and they also come directly to my new address addressed in my maiden name (I got married over 2 years ago and have never used my maiden name at my current address).
  • John_M_Business
    • #3
    • 1st Jun 05, 11:06 AM
    Hmmmm.
    • #3
    • 1st Jun 05, 11:06 AM
    It seems like Inside Track work on the fringes of a very dubious industry...
    http://money.guardian.co.uk/scamsandfraud/story/0,13802,1406182,00.html
    http://uk.biz.yahoo.com/050527/66/fjvyk.html

    I would be very circumspect about this. The BTL market has been fantastic, but that's because prices have been rising too.

    Also, read some personal views:
    http://groups.google.co.uk/group/uk.finance/browse_thread/thread/1b805efbff25ca3/1e83841e74a60606?q=%22inside+track%22+property&rnu m=10&hl=en#1e83841e74a60606
    I find Google Groups very interesting when it comes to personal opinions... search for: "Inside Track" Property

    Cheers
    Last edited by John_M_Business; 01-06-2005 at 12:57 PM.
  • purplefirth
    • #4
    • 1st Jun 05, 12:19 PM
    • #4
    • 1st Jun 05, 12:19 PM
    Thats brilliant John, thanks ever so much for your help, will be looking at google more closely in the future. I really don't know where these companies get my name and address from sometimes.
    What goes around - comes around
    give lots and you will always recieve lots
    • theGrinch
    • By theGrinch 1st Jun 05, 2:39 PM
    • 2,773 Posts
    • 670 Thanks
    theGrinch
    • #5
    • 1st Jun 05, 2:39 PM
    • #5
    • 1st Jun 05, 2:39 PM
    i heard that you have to put a hefty upfront fee for any "meaty" advice, sounds suspect.
    "enough is a feast"...old Buddist proverb
  • Longobordo
    • #6
    • 3rd Jun 05, 8:18 PM
    • #6
    • 3rd Jun 05, 8:18 PM
    If they can buy property at 30% below market value, why on earth would they want to tell you how to do it?

    Because they will charge you silly money for the main workshop, by all means attend the free one, but be very careful, there is no such thing as a free lunch, do a search on www.singingpig.co.uk
    • skylight
    • By skylight 3rd Jun 05, 8:40 PM
    • 10,424 Posts
    • 16,875 Thanks
    skylight
    • #7
    • 3rd Jun 05, 8:40 PM
    • #7
    • 3rd Jun 05, 8:40 PM
    Inside Track were on Watchdog a few weeks ago, with many disgruntled "clients". Steer clear. I know of several people who were daft enough to pay these people money.
  • lady_noluck
    • #8
    • 9th Jun 05, 12:37 AM
    I've Just Been To A Workshop
    • #8
    • 9th Jun 05, 12:37 AM
    I went to one of their "free workshops" on Tuesday (8th). Sounded great on paper however about an hour and a half into the "workshop" I began to realise it's all a big scam/con/trick to extorte money.
    Firstly you have to go to a seminar to learn anything which will cost you £3995, then the price was reduced to £2495, then added you could take 1 person free thus making it only £1250 each. BUT in order for Inside Track to offer you properties under market value you have to pay..........ready........wait for it............ £5995. A one off fee.

    The fact the speaker ignored questions from people who looked like they couldn't afford the fees OR that he had no idea that to buy a property you don't pay estate agent fees OR that he got quite cross when people didn't believe he was a millionaire didn't even begin to scratch the surface of their rubbish.
    Quite often the speak, Brian, forgot his script and had to be reminded what he was saying from the audience. Then there's the 3 other speakers who went on the seminar and are all now millionaires.
    One lady only went on one seminar A COUPLE OF MONTHS BACK yet AFTER learning all there is to know went and bought 8 properties in the space of 8 months and is now a millionaire. Hmm some maths wrong there me thinks.
    Anyway half the people walked out and the other half stayed to ask questions making the speaker very confused and agitated.

    My advise, steer well clear!!!!
    This is just my opinion. Maybe they're not scammers maybe it is all real and they can make someone a lot of money. I for one wouldn't trust them just in case.
    My mind not only wanders .......... sometimes it leaves completely
    • skylight
    • By skylight 9th Jun 05, 10:45 PM
    • 10,424 Posts
    • 16,875 Thanks
    skylight
    • #9
    • 9th Jun 05, 10:45 PM
    • #9
    • 9th Jun 05, 10:45 PM
    Lady,

    You CAN buy 8 properties easily in 8 months and technically be a millionaire - add up the values of the houses - BUT the equity in them will be nowhere near that, so she can call her self a millionaire, but shes only a paper one that means nothing!

    And the inside track properties offered under market value are actually grossly over inflated market values to begin with! And their rent options dont stack up either. AND although you pay extra to be offered the properties, you also have to pay a finders fee for each property you wish to take (and if I remember rightly a reservation fee too, but my memory is sketchy on that one!)
  • deemy2004
    yeh sounds like a boiler room operation for properties

    Still fools are easily parted from their money... :rolleyes:
  • lady_noluck
    What I meant was (and I probably didn't word it too clear) she said she went on a course approx 2-3 months ago and from the info she learnt she started to invest. How can she buy 8 properties in 8 months after learning everything from the seminar 2-3 months ago.
    What shocked me more than anything is as a "millionaire" she couldn't find a good wrinkle cream!
    My mind not only wanders .......... sometimes it leaves completely
  • Shaanbles
    Just been to one of the free seminars and like one of the previous respondents I found the sales technique vomit inducing!

    However, as it turns out a friend of a friend actually signed up with Inside Track 18 months ago and I ended up talking to him yesterday about it, outcome he hasn't got a bad word to say about them and reckons he's made 150K hard cash since joining.

    His view is that inside track don't have any hidden charges and are upfront about what they charge - unlike others.

    Me - I'm still confused, but after a lot of research over the past few months I can't see anything dodgy here. Still not saying I'll invest!!
  • LouLouHelen
    Lady - couldn't agree more!

    Went to one earlier this year. Speaker was pushy and rude - trying to make you feel stupid for not signing up there and then. HE was basically bullying you into thinking you would miss out if you didn't pay them thousands there and then!!

    DEFINITELY steer well clear !!!!!!!!
  • Shaanbles
    Inside Track were on Watchdog a few weeks ago, with many disgruntled "clients". Steer clear. I know of several people who were daft enough to pay these people money.
    by charlotte664
    Was it actually Inside Track on there? I thought it was about a guy called Spencer Michael. Have searched the BBC site and can't find anything.

    I really need something good or bad on these guys to pass on to a friend of mine who's going to join them because her boss has recommended them. Don't want her parting with £10K to lose it!

    Searches on google come up with other companies in this field and not Inside Track.
    • theGrinch
    • By theGrinch 27th Sep 05, 10:03 AM
    • 2,773 Posts
    • 670 Thanks
    theGrinch
    I would steer clear. Here is an update on spencer michael

    http://www.bbc.co.uk/watchdog/reports/home/home_20050322_2.shtml
    "enough is a feast"...old Buddist proverb
  • Shaanbles
    I would steer clear. Here is an update on spencer michael

    http://www.bbc.co.uk/watchdog/reports/home/home_20050322_2.shtml
    by theGrinch
    Yes I know Spencer Michael is dodgy, what I'm trying to find out is people's experience of Inside Track themselves. Besides over zealous salesmen are they any good?
  • sweetmoneysaver
    No good!
    Yesterday, I went along with a friend to one of the free workshops after my friend received a mailshot. The speaker was Steve Sweet and it was a heavy sales pitch. I walked away but my friend signed up and nows wants to cancel. He then phoned his brothers to see if any of them wanted to be his 'get one free' place on the 2 day course. One of them was the original people that went to Prague when Inside Track used to ask for £12K for a weekend workshop in a top hotel. He said that most of the deals involve getting cash out of existing mortgages and then investing in another, so you are constantly cycling things around. As for the access to 'specialist' finance brokers and deals that never came through. I am sure people make money through this but I agree that most of it you could do yourself. Apparently the advice about buying in ICI (Investment, Construction, Infrastructure) areas and getting special deals was not as good as it seems. I'm glad I ran away, I only hope that Inside Track honours their 8 day cancellation period for my friend. Has anybody any experience of cancellations and this company. On a lighter note what's the colour of this 'special' carpet that Steve said would be revealed in the course?!
    • tomstickland
    • By tomstickland 29th Nov 05, 9:45 PM
    • 18,892 Posts
    • 15,427 Thanks
    tomstickland
    I can't believe that people will pay £2K to be told how to run a get rich quick scheme.

    Anyway, I'd love to go to one of these free "seminars" just for a laugh.
    Anyway half the people walked out and the other half stayed to ask questions making the speaker very confused and agitated.
    Sounds quite entertaining.
  • lady_noluck
    On a lighter note what's the colour of this 'special' carpet that Steve said would be revealed in the course?!
    by sweetmoneysaver
    I can reveal it's......Terracotta! I kid you not. Out of the mouth of the speaker who looked like a troll came the words I nearly cried to.....


    "I'm an interior designer with xx years experience and I can tell you, when refurbishing a high spec property, don't make the mistake the amateurs make. Don't put down laminate or wooden flooring. It's not what high spec buyers want and it's not fashionable. What you need is terracotta carpet. It goes with everything and doesn't show up dirt."

    When questioned by a few people about this...oh ok I admit, we all laughed at him, he got very cross, reminded us of his vast experience and basically told us we weren't intelligent enough to understand.

    Call me unfashionable if you like, clueless even but I am not kitting my house out in bl**dy terracotta carpet. IT DOES NOT GO WITH EVERYTHING. Idiot Trollman. :rolleyes:
    My mind not only wanders .......... sometimes it leaves completely
    • Doozergirl
    • By Doozergirl 29th Nov 05, 11:18 PM
    • 23,901 Posts
    • 66,432 Thanks
    Doozergirl
    Good grief! A terracotta carpet might be cheaper but speaking as someone now into the carpet and wall covering stage on a 'high spec' property, I don't think anyone could pay me to put down terracotta carpet (not saying you can't try ).

    The solid oak floorboards look fab though .
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