inside track

kathya

Hi does anyone have any knowledge of Inside track and what sort of company they are.

Cardinal-Red

General consensus seems to be - AVOID!!!

There's plenty of evidence on Google if you do a quick search....

A_Fool_&_His_Borrowed_Mon

They're selling Pans, shovels and gold maps to the Gold-rush people, and making a hefty profit in the process.

:money:

savingforoz

I went to one of their 2 hr workshops - aka 2 hrs of hard sell for a very expensive 2 day course. The workshop leader was brash and tactless, and there were sharp - suited salesmen everywhere waiting to pounce on you in the break to push the whole thing further.

I've just bought Ranjan Baracharya's home study course for £97 - much better and comes with good software and templates for letting agreements etc. Check out https://www.yourpropertyempire.com. I found Ranjan via the Singing Pig forum (https://www.singingpig.co.uk) and it came hightly recommended there. I think it's a little overpriced, but not by much. The software looks good, and the manual is very comprehensive. Much better value than the £000s Inside Track will be asking you for!

Inside Track try to make out that there are secrets to property investing that only they will tell you, but you can get all the gen by checking out Singing Pig and going to some local property investing networking clubs. Save your money, don't go down the Inside Track!

Cardinal-Red

In true Money Saving Style:

http://cgi.ebay.co.uk/INSIDE-TRACK-PROPERTY-INVESTMENT-SEMINAR-8-DVD-SET_W0QQitemZ280103365748QQihZ018QQcategoryZ3133QQrdZ1QQcmdZViewItem

(I still wouldn't recommend it though!!)

silvercar

From what I understand, not having paid for their expensive course, there are 2 parts to their philosophy.

The first tells you in persuasive and hypnotic voices, that now is the time to invest in property, now is the time to take control of your destiny, now is the time to act blah, blah, blah.

The second tells you how they will help you realise your (their) dreams. They have the knowledge (ie off plan developments where they are getting a cut from the builders in all probability). They can put you in touch with finance etc and make things happen.

Whether you need expensive course and support to do this, only you can decide.

btloptingout

kathya wrote: »

Hi does anyone have any knowledge of Inside track and what sort of company they are.

There's nothing like a good recommendation or referral to help you decide.
Why not take one off Ray and Helle Jones:

http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2005/09/21/phell21.xml

For information: Instant Access properties (property investment club) is the sister company of Inside Track (property education) same set of directors run both arms.

southsea13

Don`t Nooooooooooooooooooo

dnwilliams

I'm sure you can get the package on ebay for a fraction of the price!

crackers78

Wouldn't touch them with a bargepole.

I received an invitation in the post to attend one of their seminars which would reveal the secrets to building a lucrative property empire. The 2 hosts claimed to be property millionaires, that they didn't have to worry about the future anymore and that it was all down to Inside Track.

The 2 hour presentation was seamless - the presenters didn't miss a beat. It was a sales pitch through and through. Yes I'm sure they are property millionaires but I'm sure the value of their mortgages are 999,999.99.

Their argument is that because Inside Track have such a good reputation that they can negotiate with developers and obtain discounts for their clients who sign up and pay thousands for the expertise seminars. They say that they way you make money in property is in the buying price, ie if you get a 20 grand discount then you've made 20 grand. Excuse me? I struggle to understand how they can say this when the fact is that profit comes from the sale of the house and when you've physically got the money in the bank.

They ask the audience what the value of their mortgages are in relation to their house prices and then suggest that instead of just sitting on that equity that they use it. To buy house. And who through? That's right Inside Track. Don't bother with full repayment mortgages they say, interest only are cheaper.

This is where it gets even better. So now you've got cash from an equity withdrawl, don't bother just buying 2 properties (because if 1 goes down in value then 50% of your property portfolio is adversely affected) what you should do is buy 5 or 10 or 15 to spread the risk.

OK - so let's get this straight. You're suggesting mortgage up to the hilt by withdrawing equity and then buying 5 or 10 properties. OK, here's a scenario. The housing market cools off a bit, maybe even declines. But now instead of being able to ride it out as I've got lots of equity in my house, now I've got 10 properties that I'm maxed out on!

Thing is that the UK housing market has been going 1 way for the last 7/8 years. Even if you'd bought a house and had done nothing to it, gone and buried your head in the sand, chances are you've made money because the market has been in your favour. Don't need to be a property expert to make money when the market is trending your way.

But what about if the market comes off - which it will as it's a natural part of the cycle.

My opinion with Inside Track? Don't bother. You could end up in a very bad situation if you're holding 10 properties when the market comes off.

Crackers

crackers78

Wouldn't touch them with a bargepole.

I received an invitation in the post to attend one of their seminars which would reveal the secrets to building a lucrative property empire. The 2 hosts claimed to be property millionaires, that they didn't have to worry about the future anymore and that it was all down to Inside Track.

The 2 hour presentation was seamless - the presenters didn't miss a beat. It was a sales pitch through and through. Yes I'm sure they are property millionaires but I'm sure the value of their mortgages are 999,999.99.

Their argument is that because Inside Track have such a good reputation that they can negotiate with developers and obtain discounts for their clients who sign up and pay thousands for the expertise seminars. They say that they way you make money in property is in the buying price, ie if you get a 20 grand discount then you've made 20 grand. Excuse me? I struggle to understand how they can say this when the fact is that profit comes from the sale of the house and when you've physically got the money in the bank.

They ask the audience what the value of their mortgages are in relation to their house prices and then suggest that instead of just sitting on that equity that they use it. To buy house. And who through? That's right Inside Track. Don't bother with full repayment mortgages they say, interest only are cheaper.

This is where it gets even better. So now you've got cash from an equity withdrawl, don't bother just buying 2 properties (because if 1 goes down in value then 50% of your property portfolio is adversely affected) what you should do is buy 5 or 10 or 15 to spread the risk.

OK - so let's get this straight. You're suggesting mortgage up to the hilt by withdrawing equity and then buying 5 or 10 properties. OK, here's a scenario. The housing market cools off a bit, maybe even declines. But now instead of being able to ride it out as I've got lots of equity in my house, now I've got 10 properties that I'm maxed out on!

Thing is that the UK housing market has been going 1 way for the last 7/8 years. Even if you'd bought a house and had done nothing to it, gone and buried your head in the sand, chances are you've made money because the market has been in your favour. Don't need to be a property expert to make money when the market is trending your way.

But what about if the market comes off - which it will as it's a natural part of the cycle.

They have a finance company within the Inside Track group that will lend you money on the basis of what they think the rental ability will be of the places you're looking to buy. That can be very different to what somebody is actually willing to pay, and you could find yourself having to top up the mortgage from your own pocket each month.

My opinion with Inside Track? Don't bother. Very aggressive sales outfit making far too much money on the developments that they've bought cheap then shell them out to you with a mark up. You could end up in a very bad situation if you're holding 10 properties and you're heavily geared when the market comes off.


Crackers