Buy-To-Let Giant Inside Track Goes Bust

In case you didn’t know it – Inside Track, a giant of buy-to-let in the UK has gone bust. To be precise: Inside Track’s administrators, have said that only Inside Track Seminars Ltd are in administration and no other companies within the Inside Access Properties structure were affected.

Inside Track made the statement that: ‘Due to the continuing sustained difficulties arising from the credit crunch Inside Track has been placed into administration.’ The firm announced it was cancelling its forthcoming property seminars in March.

Inside Track lured wannabe property investors to them by giving away free seminars and then using hard sell techniques to flog weekend courses for £2,500 plus, where the secrets of property investment were revealed. Ho bloody ho!

The sad truth is that Inside Track played on the minds of those gullible enough to believe their hype. An acquaintance of mine fell for their sales pitch when they buttered him up by flattering his intellect, then relieving him of serious Wonga, because he was a Doctor. I don’t want to appear clever after the fact here; as the truth is that we are all capable of buying a dream with hopes of a better life and untold wealth. Give me a show of hands – who here doesn’t want to be a millionaire?

I know that a lot of property investors have been badly burnt by Inside Track, and most will be new to property investment. Hopefully they will learn from their mistakes, because, to put it frankly, it was their fault that they were taken in.

The real secret of property investment is – there is no secret of property investment. It’s simple, do your research, then make a purchase based on what you know. Nobody can see into the future, so you have to act on what you know. It’s vital that you take a good look before you leap. And while you’re at it, do some thinking too!

Off Plan Property Exchange lists new homes, houses and property investment for sale worldwide so that buyers and sellers can contact each other directly. Do your research and find your own investment opportunities.

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