Inside Track Property Seminar


L

Logician

I just got back from an Inside Track property workshop (the free
version). Did anyone pay for the actual workshop?

For those who do not know the company:

- they for two hours tell you how to make millions and get all kinds of
people telling how they were on benefit or doing a dead end job, and
after Inside Track they drive big fast cars and holiday in the sun.
- but to find out the details of the story you have to pay 4K, which is
then reduced after 20 minutes of of tension building to 2.5K which is
then reduced to 2.5K + bring a friend. Then finally you get a set of
DVD's worth 1K if you sign up immediately (literally that second). I
saw three people run to the sign up desk with a cheques/credit cards
ready.

The basic business model revolves around borrowing cheaply and buying
under market value.
 
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A

Andy Pandy

Logician said:
I just got back from an Inside Track property workshop (the free
version). Did anyone pay for the actual workshop?

For those who do not know the company:

- they for two hours tell you how to make millions and get all kinds of
people telling how they were on benefit or doing a dead end job, and
after Inside Track they drive big fast cars and holiday in the sun.
- but to find out the details of the story you have to pay 4K, which is
then reduced after 20 minutes of of tension building to 2.5K which is
then reduced to 2.5K + bring a friend. Then finally you get a set of
DVD's worth 1K if you sign up immediately (literally that second). I
saw three people run to the sign up desk with a cheques/credit cards
ready.
Usual shite. Strange how people who've made millions, or know the secret to making
millions, need to sell their secrets for a few grand instead of using their method
themselves to make even more millions.
 
L

Logician

Andy said:
Usual shite. Strange how people who've made millions, or know the secret to making
millions, need to sell their secrets for a few grand instead of using their method
themselves to make even more millions.
I just saw this:
http://money.guardian.co.uk/property/buyingtolet/story/0,,1832405,00.html

The Guardian tells of how two people lost a lot of money using Inside
Track. I asked the man at the free seminar who made 30K in one week
from his bedsit (5 years ago) why not offer a money back guarantee is
the system really works. He said some people are too lazy to make the
system work, so the company will not guarantee a return.

It is definitely a hard sell. As a parallel I was once roped into a
disused shop in Oxford Street (years ago) and I saw a man make about
300 pounds in 3 minutes. It was all tension building, and great deals -
not to be missed. He actually got people holding up and waving cash
whilst another man went round the room collecting the money waving in
the air. Some people were even jumping in excitement over the deal (a
pocket radio).

I am interested in property investments but in property money can be
made and lost very quickly so it is a scary business. The big stories
like the Duke of Westminster started centuries ago, so the game is easy
for them.
 
A

Andy Pandy

Logician said:
The Guardian tells of how two people lost a lot of money using Inside
Track. I asked the man at the free seminar who made 30K in one week
from his bedsit (5 years ago) why not offer a money back guarantee is
the system really works. He said some people are too lazy to make the
system work, so the company will not guarantee a return.
Yeah right. So why isn't he "making the system work" for himself instead of flogging
it to others?
It is definitely a hard sell. As a parallel I was once roped into a
disused shop in Oxford Street (years ago) and I saw a man make about
300 pounds in 3 minutes. It was all tension building, and great deals -
not to be missed. He actually got people holding up and waving cash
whilst another man went round the room collecting the money waving in
the air. Some people were even jumping in excitement over the deal (a
pocket radio).

I am interested in property investments but in property money can be
made and lost very quickly so it is a scary business. The big stories
like the Duke of Westminster started centuries ago, so the game is easy
for them.
Also too many British people are stupid enough to believe the myth that "you can't go
wrong with property".
 
L

Logician

Andy said:
Yeah right. So why isn't he "making the system work" for himself instead of flogging
it to others?

On that point, the funny example was the speaker who made a big point
of his high salary from Inside Track (to prove Inside Track works), but
he also made millions from off plan and other deals (to prove the
system works). The two points are contradictory. He said he quit his
director job in corporate London after seeing Inside Track, but then
started working for Inside Track!

Anyway, I am still interested. When solicitors charge 200 pounds/hour
it pays to know something. As an example of the high losses one can
have: I lost 2K on an attempted buy of a shop which fizzled into air
when the lender refused to lend (dry rot). The rot would cost 10K to
fix and also the 999 leasehold was loaded with high cost clauses which
already had cost the current occupant 60K in two years!

I had to write off 2K to experience.
 
D

Daytona

Anyway, I am still interested. When solicitors charge 200 pounds/hour
it pays to know something.
It's good that you posted here. The best place for property advice is
here <URL:http://boards.fool.co.uk/Messages.asp?bid=50096>

Inside Track is regularly discussed
<URL:http://www.fool.co.uk/search/search.htm?go=1&selectpage=full&mbbid=50096&mbmid=&query=Inside+Track>

Start with the associated FAQ website
<URL:http://www.geocities.com/barrenfluffit2000/>

Good luck !

Daytona
(Landlord)
 
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A

Andrew MacPherson

Anyway, I am still interested.
Just about anyone can make money in a steeply rising market. Recent
years have been exceptional, and even without a major price correction,
housing is now going nowhere slowly except maybe in bits of London where
foreign money (particularly Russian I believe) is distorting the market.

There is a glut of "luxury flats" in the pipeline just about everywhere
in the UK. Interest rates are rising. There will be tears before
bedtime. Or even sooner...

http://www.ft.com/cms/s/4f6f4be8-70b0-11db-8e0b-0000779e2340.html

Andrew McP
 
L

Logician

Andrew said:
Just about anyone can make money in a steeply rising market. Recent
years have been exceptional, and even without a major price correction,
housing is now going nowhere slowly except maybe in bits of London where
foreign money (particularly Russian I believe) is distorting the market.

There is a glut of "luxury flats" in the pipeline just about everywhere
in the UK. Interest rates are rising. There will be tears before
bedtime. Or even sooner...
I do not wish to sound like an Inside Track rep, but is that not the
the same story broadcast everyyear for the last 2 years. In fact, the
IT guy even showed a collection of headlines all saying a crash was
imminent. Those headlines went back to 2003 and every few months the
same one appeared.

I was really looking for someone who actually did the course. The IT
company is going public and profits of just Instant Access are a
million pounds a month (ref Guardian) - so their business is safe.

One thing that troubled me a lot was that almost everyone I met -
especially from IT - looked shifty. I read people a lot in my work as I
sell to rich people who will spend thousands of pounds very easily
without even thinking. I have seen enough rich people to know the
manner, language and signs. No one at IT looked rich. They were
according to them all rich. But the look and feel and read of them was
shifty, looking over the their shoulders, looking for a hint of a good
buy in someone's trash - people hoping to be rich.

Rich people are very relaxed, and will not think much or at all about
1000 pounds: simply to them that is not much money, and many even live
in their own world with almost no knowledge of how others live.

When I was at the Hilton for the workshop, I saw there a lot of people
who were not rich and the whole hotel was image focused. I know about
bathrooms, and when I saw the bathroom at the Hilton I knew straight
away that the management had not spent much money on it and had gone
for all show. A good bathroom waste, basin, mixer will cost thosands,
the Hilton one cost maybe 200-500 pounds (according to contract
rates/volume/time).

That to me is an example of the difference between looking rich and
pretending to be rich and actually being rich.

My read was the IT people were pretenders. The presenter ( a self
declared millionaire) even complained about coffee costing 3 pounds at
the hotel - that is not something rich people complain about!

He then said he judged people by their shoes (yawn, that is so old that
you need to go back to Victorian Britain for that to make sense - look
at the shoes of Larry Page (billionaire many times over), Brin,
Branson, or countless others.
 
A

Adam

Andy Pandy said:
Yeah right. So why isn't he "making the system work" for himself instead
of flogging
it to others?
He is. What do you think the real system is?

Adam
 
T

Tiddy Ogg

I was really looking for someone who actually did the course.
You won't find 'em here, theyve all had to sell their computers to pay
for the losses.

Either take the advice offered or try it.
It seems you're trying to convince yourself that a lead balloon will
rise with the right amount of hot air.


Tiddy Ogg.
http://www.tiddyogg.co.uk
 
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M

me

In message said:
My read was the IT people were pretenders. The presenter ( a self
declared millionaire) even complained about coffee costing 3 pounds at
the hotel - that is not something rich people complain about!
I think you know different rich people to me.
 
M

me

In message said:
The basic business model revolves around borrowing cheaply and buying
under market value.
So why do you seem to want to give them lots of money for that statement
to be expanded out into a flashy brochure and DVD?

Shirley, what you want to do is find someone to discuss securing finance
and see what might be plausible in your area. I think its best, at
least to start with, to concentrate on property that is nearby, so you
are more likely to know what's going on in the area and are closer at
hand if there are any problems.
 
D

Daytona

I do not wish to sound like an Inside Track rep, but is that not the
the same story broadcast everyyear for the last 2 years. In fact, the
IT guy even showed a collection of headlines all saying a crash was
imminent. Those headlines went back to 2003 and every few months the
same one appeared.
Quite true, and I was, and still am, one of those.

It boils down to whether you assess property prices against their
historic value - see the long term real house price trend graph on the
latest Nationwide report
<URL:http://www.nationwide.co.uk/hpi/historical/Oct2006.pdf> or
whether you assess them using interest rates associated with the low
inflation environment we now have and believe that they deserve to be
valued more like bonds, were the yield determines the price. As
inflation has dropped over the last few decades, so have interest
rates, so capital values deserve to be higher. The latter is a 'this
time, it's different' scenario, which the famous investor, Sir John
Templeton described as the 4 most dangerous words in investing.

If I were looking to do this I'd seriously consider
<http://www.buy-to-let.com/> as the MD David Humphreys has made some
valuable contributions to The Motley Fool - Property Investing -
Practical forum -
<URL:http://boards.fool.co.uk/LastPosts.asp?limit=99&submit=Go&uid=24393840>

IMO after taking advantage of the rises in the property and equity
markets, the only good investment at the moment is paying down debt.

Daytona
(Landlord)
 
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