Inside Track

mystic_trev

digitalline wrote:

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.

They threaten to Sue anyone who "crosses their path" that's why they still exist!

clutton_2

i attended one of their courses way back. i deeply regret it. i learnt nothing from them that was not available on the web. their selling techniques are highly sophisticated marketing ploys and if you do go, for goodness sakes leave cedit card and cheque book at home, come home and think about it - and then dont do it.

i personally know 4 people who have bought off plan from IT, and then when the properties were built 2 years down the line, valuations have not stacked up (ie - the built property was worth a lot less than the amount on the purchase contract signed 2 years earlier). This meant that Lenders would not lend them as much money as hoped for to buy with; they had to put in more of their own money as a deposit; IT were not willing for them to cancel the contract and some of them have had to sell their own homes to raise the money to buy the property - the alternative being that they lost their huge deposit paid 2 years earlier.

One offplan apartment which i nearly bought, was "advertised" as going to make me £30k profit when i sold it on completion. I managed to pull out, only by the most aggressive campaign, and watched the progress of this property - when it did sell, i would have made around £3k !!!!

Inside track have settled several cases out of court - but have forced members to sign a gagging order, so no one really knows what happened.

BTL is not a regulated financial market, nor are property seminars regulated, that is why Jim Moore can get away with all this. IT went Public a couple of years ago - look at their profits !!!!!!

Don't - thats my advice - dont.

zag2me

A simple search for inside track on google or these forums will reveal its a complete con.

The only reason they succeed is that people are influenced by their selling tactics.

pioneer

I bought the CD's off of ebay, totally brain dead after watching them over 8 days, what would it be like over a 2/3 day seminar after giving 5K+ to IT, note giving not investing. They take a cut out of every angle and you WILL end up £1,000,000 in debt. They sell nothing but dreams and promises, but what is really amazing; is that out of all the people who are listening to the presenter(s) NOBODY but NOBODY; even the strong headed tell him he's a gobshi*e. Brainwashing & mass herd instinct are at play at this stage, any objectors will lose 5K and get thrown out and don't want to risk looking silly in front of their fellow investors/fools.

On a positive note I made 5K the minute I finished watching the 8th disk and relisted them on ebay. I can however recommend them for any budding psychologists or Hypnotists as one of the greatest "greed theory" experiments you will ever see !

gk774

OK I guess everyone can call me a fool. I attended an IT freebie and for some unknown reason actually paid the £2495 for a weekend course. One of the inside group told me that there was an eight day cooling off period and I could cancel during that time and get a full refund. I regained my sanity a few days later and cancelled. I have not yet got my fees back. Can anyone out there tell me if you have cancelled and actually got your money back. If so how long did it take and what did you have to do get it back,

Many Thanks

velvetee

I have attended an Inside Track seminar before, but found them ultra pushy. Infact, at the seminar I went to, another audience member who obviously wasn't happy with the service they provided him, heckled the speaker. I was so shocked when he was manhandled and escorted from the premises, still shouting as he was forcibly removed. Well, suffice to say, I did not buy any property from them.

I did, however, make the mistake of buying with a similar organisation, called "The Investor's Club". Basically, I was sold an unrealistic dream and in no way did I doubt their integrity at the time, but unfortunately things change over time and whilst my off plan property was in the construction stages, the Northern Rock thing happened, along with the US lending crash. My previous situation no longer suited the lenders and I am still, so far unable to obtain a mortgage. This situation would not be so bad, had I not already invested £10K in this off plan property. Contracts were exchanged on the property some months ago, but the mortgage lender, forfeited on their offer and now, I have no idea if I will ever see my £10K again.

Another problem with these new build properties is, they are vastly over valued, so the first property I purchase from TIC two years ago, is now in negative equity, if that wasn't bad enough, I am gradually draining my finances, trying to prop this White Elephant up. My mortgage repayments are almost double the actual rental income on the property and I still have to find over £1000 every year for the astronomical service charges.

I would advise anyone looking to invest in property, to explore all the pros and cons of the property game and don't be sold a dream, that could turn into a nightmare. I also have one other property,which I sourced myself, it has gone up in value and the rental income makes me a clear £200 profit every month. If you use your brain, time and discretion, you really don't need these clubs to find a lucrative deal, in the long run, you will save money and personal angst by just doing it yourself.