Are Buy-to-let Seminars a rip off?

We got asked by the Sunday Telegraph editor recently "Are Buy to Let seminars a rip off? and what kind of things can you learn from them?"

The trouble with many property investment seminars is that often, a participant will absorb the material and gain the knowledge, but lack the confidence to follow through. The sales tactics from one such company are also very aggressive - offering a FREE open evening - which is actually an up-sell for a £1000 - £5000 course.

One of our contacts has worked for a company like this - and noticed that candidates would attend a weekend workshop , go on a sourcing mission with a mentor, only to be left to decide about the deal later on after the event; and without confidence this left them feeling isolated and more importantly without a property investment.

We're also aware of another well known company offering ways to buy property with none of your own money - using credit cards and bridging loans! Not something we would recommend to anyone without iron discipline and lots of confidence, especially without a mentor.

Our advice would be to find a good sourcing agent, mortgage broker, lawyer, letting agent and use their combined experience to help you. This will save you the seminar fees and leverage the experts experience.

My last blog "6 mistakes made by property investors and how to avoid them" explained how easy it is to make mistakes without knowledge, experience and confidence so its worth gather some of all 3 with the help of those around you. 

We offer Free Property Schools giving away our secrets without expecting to be paid for it and have all the experts under one roof so investors can decide whether they want to go it alone with the knowledge or come and work with us.

Until next time - wishing you every success

Robin

www.midasestates.com