Inside Track/Instant Access Properties

Will_it_make_me_rich

I've had a quick look using the search function but I can't find anything on these boards, so I thought I’d ask the question.
Has anyone heard or know anything about these companies?
I attended a free 2 hour seminar (stop sniggering at the back) and basically during the whole time, they were trying to sell you a 2 day course that costs £2500 it should cost £4000.
Anyway some of the things you will learn on this 2 day course is how to buy property with only 5% deposit also how to own property without buying or selling anything. No doubt you'll have to go through other inside track companies.
Instant access properties is a property sourcing company and to become a member it's just a £119 a month subscription.
This company didn't sound too bad as they find you properties that should be good investments.

Doozergirl

There are lots of other threads on this sort of stuff and the upshot is that the information provided on the Inside Track seminar is useful but available for free in places like this! The idea that it's a magic secret to put terracotta carpet in investment properties is completely beyond me and I certainly wouldn't pay anyone to tell me rubbish like that!

You can find properties yourself by keeping your ear to the ground, reading the local property press each week to help you gain knowledge of asking prices to help you spot a bargain when it appears and introducing yourself to the agents.

Newbuild apartments, which seem to be what these people push, are thought to be potential financial suicide by many here and the discounts dubious when you consider the vastly overinflated asking prices. It's easy enough to get a discount from a developer if you're in a proceedable position, but I'd avoid new build all together. The money is to be made buying at below market value - newbuilds seem to be in a league of their own so buying at buying below their value seems to be what you'd get for it at resale.

If you're that interested in property investment, do your own research and be confident in your own opininons.

lynzpower

Anyway some of the things you will learn on this 2 day course is how to buy property with only 5% deposit also how to own property without buying or selling anything.

Erm, via a 100% mortgage

F_T_Buyer

There's loads on these type of companies, bascially they are the ones getting rich, not you!

If you still believe the hype, and decide to go for it, at least buy the inside track DVDs from ebay - roughly £30. Or you could pay £2,500, but that's not the money saving way!!!

Tassotti

Give me the 2.5K and I'll give you the best advice (and save you a fortune)....well okay..here it is for free....Steer well clear!!

Will_it_make_me_rich

The first thing I did when I got home was go on to ebay. I am interested in what these "secrets" are that they teach you.
The whole thing had the "Too good to be true" feeling about it.
100% mortgage? Are we talking BTL mortgage?
Research, I hate this word yet I know it's a must. Research = Time, unfortunately I get bored very quickly and would quite happily pay someone else to do it.

Kaminari_2

If you are not willing to do the work yourself then you will never really get anywhere. Most people succeed through hard work and determination, very few get it dumped in there lap.

Very rarely you can get a BTL property without a 15% deposit and if you can, someone is fiddling the numbers. Inside Track push new build properties which i wouldn't touch with a bargepole as i am not interested in going ito competition with all of inside tracks other customers who bought in the same development.

I suggest you get your hands on loads of property investment books and read read read, then find as many property investment forum and again, read read read. If you are going to hand over a large wad of cash make sure it is for a property not for information that is freely available if you are willing to put in some effort and look.
Also, if you are in the London area there are groups of solo investors who get together for casual drinks. Information about there experiences are free too.

Property investment is not for the faint hearted and things will go wrong.

Will_it_make_me_rich

Oh i've got books alright investing, property, shares, accounting, tax...
My problem is reading for me is such a slow and time consuming method in this day and age of getting information from a book in to your head.
I wish more books were in audio format so I can listen to them while in the car or at work.

Kaminari_2

I think Russ Whitney has tapes/CD's. He is American and runs a company like Inside Track so be careful of the whole "give me £2000 and i will give you billions" rants but i have found his books and motivational work to be helpful.

I am just concerned that you do not seem committed enough to do the work involved to create a successful portfolio and looking for a get rich quick method. Successful property investment is generally good and stable as long as you build strong fondations and have long term goals. You must have the ability to research and understand the numbers even if you buy through sourcing companies, remember that it is their job to sell so it is even more important to do the numbers. If you can't be bothers or don't have the time then i think you might be better down the bookmakers.

Jim_B_3

Or perhaps a 'safe' stockmarket punt.

Quoting from somewhere else, "The oldest consistent data on house prices is from Halifax. The lender's house price index shows that a property valued at £100,000 in 1983 would be worth £555,000 today. Although this may seem like a decent return, a similar investment in commercial property would have grown to £997,000, while investing in a FTSE All Share tracker fund would have returned £1.4m with all dividends reinvested."

Although, of course, nobody will lend you money to gamble on stocks, whilst they fall over themselves to lend you money to gamble on a house.

Will_it_make_me_rich

funnily enough I do use betfair, do you know that a "favourite" rarely ever wins.
Joking apart, I went to this seminar to see if it show me new methods. Things and ways I wouldn't have thought about.
It takes time to save a large spare sum of money so I won't be jumping into anything without knowing as much as I can first.
I do lack motivation/commitment, I can make do with living from my salary but every now and again I think what it would be like to retire and leave the rat race.
My goal is to have my income from assets = my expenses, if I can do this within the next 20 years I'll be a happy man. This would also mean I only need to work enough for my beer money!