Inside Track

Doozergirl

Oh well then, that's me convinced! I'll rip up whatever's down, buy terracotta and maybe I could sell you the other stuff cheap - if you don't mind rolling him down a hill ina different colour?

lady_noluck

I don't mind what colour I roll him down in. I was planing to sellotape his eyes closed and play him Foster and Allen music anyway. I'm sure he won't mind the colour. :dance:

nmiah786

So Mr Sweet is still at it. Yes thats right Terracotta carpets and magnolia walls!!! I went to one of their free workshops 2 years ago and by the sounds of it Mr Sweet is still giving out the same speech as he gave me then.

My friend and I signed up for the 2 day workshop for £2495. They gave out some good information & some not so good information!! The stuff they talked about was mostly around New Build and Buying off plan. Yes there is more joining fee, reservation fee & finders fee if you want to buy their recommended properties at 15% discount (which I would say are generally over inflated just to make it seem as though your getting 15% discount). After the fees it works out at less then 10% "discount".

Two months after attending the course I did in fact buy my first property at 15% discount. Not through Inside Track but I sourced it myself and it was a real 15% below market value unlike some property investment group. I have broughtbought more since. Inside Track gave me the initial confidence to go out and buy.

Looking back, would I ever again pay that kind of money to gain that kind of information.....the answer is NO.

They do not tell you anything which you can not find out for free on the net and on forums like these. So please dont waste your money on this, trust me, I was stupid enough to do so.

tomstickland

Oh well, I really never thought that anyone would pay over £2K for a 2 day course. Good of you to admit it though.

I have brought more since.

Quite heavy items to bring.

budgetflyer

Have had nothing to do with them, however looking from a different perspective,researching for "free" on google and forums may get the same results as paying £2+1/2K for a seminar but I think someone who pays the money may just put the effort and money in to make these deals work as they have already laid out to "get rich" where as someone (like me )may always be too scared to lose a couple of grand to really make a go of this type of investment.

*Sparkle*_3

All i've heard is bad things about them...

sweetmoneysaver

lady_noluck wrote:

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.....


Thanks for the answer .... but Terracotta! If I ever see a terracotta carpet I'll know that Mr. Steve Sweet has something to do with it. If anybody does go to one of these things for a laugh as one person was suggesting ... maybe they should shout the answer out (to see what he says) when he asks what the carpet colour is! But other than for a laugh and a free cuppa avoid these workshops and leave any credit cards you have at home.

John_M_Business

I don't know whether anyone watches 'Peep Show', but after seeing the Underground Britain TV show on Spencer Michael - he really reminds me of 'Johnson'.

Everything I have heard about Inside Track is bad.

These people are not millionaires - they're wallowing in debt and gambling with it.

digitalline

I'm looking to invest in property and have been hearing about this company called 'Inside Track' on the radio and seen their ads on the TV (man giving his daughter-in-law a brick which she unwraps as a present). Fianlly decided to attend their free 2 hour workshop and took time out from my busy schedule. What was presented was a very slick presentation and a compelling argument to invest in property which I agree with in principal. However the nature of the 'Hard Sell' was off putting. They offer to arrange a mortgage through a mortgage broker called 'Fuel' who can do this irrespective of income status and they source buy-to-let the properties in areas of high demand. They advise to buy off plan getting a 15% discount off the price for it's clients. To cut to the chase they required a dicounted fee of £2495 for a two day course for 2 where they reveal all the secrets of successful property investing. This offer they claimed would normally cost £8,000. They also provided a set of DVDs to those who signed up on the night worth £1000 (These can be purchased on ebay under £20).

For a second I was tempted to sign up. However, when I came to my senses I didn't as I thought I'd better do some research on the company and it's founder Jim Moore on the intenet first. I was also suspicious at the speed of a few middle aged couples who got up to sign on the dotted line as they seemed like ringers.

Anyway here is what I found on the internet:

http://www.tiscali.co.uk/money/guardian/features/2005/02/5/buy-to-letwaytoriches.html

Instant Access is also part of Jim Moore's group of comapnies.

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

http://www.ixat.net/Default.asp?PageID=21&PostID=6709

http://www.ixat.net/Default.asp?PageID=21&PostID=3923

http://www.ixat.net/Default.asp?PageID=21&PostID=2605

And this thread of couse.

Apparently they's had over 40,000 people attend the free seminar leading to countless singups. How can a company like this exist for so long without any regulation? Scandalous.

I believe this property business could work and I'm thinking of going about it without the middleman (Inside Track). Anyone have any experience? Also, anyone know of a good mortgage broker who can arrange a Buy-to-let mortgage for someone on a lower income?:cool:

Rick62

In my view its a scam. Of course anyone who is not a complete idiot has made money if they got into BTL 5 or 10 years ago, because property prices have double (in 5 years) or tripled in 10 years.

They are promoting paying them fees, first the £2495 for the 2 day course, then fees to join their buyers club, then a percentage if you buy one of the properties that they recommend, then a cutback from the mortgage brokers they recommend etc etc.

15% discount? Yes, if you are buying a newbuild flat for, say, £350k when it should be priced at £250k. And the lenders are getting more clued up about vendor rebates, so it is not that easy to finance.

There was an interesting report recently in the Finacial Times saying that in the last 3 years while houses had rise by about 30% that new build flats had actually fallen by, I thin, 0.9%. Now with interest rates rising and prices higher than they have ever been it would probably be a beter bet just to remortgage on you main home, or take an unsecured debt and head down the casino and put it on black (or red if you prefer).

[This is not intended as investment advice and you should remember that taking your money to a casino can result in significant losses]