With the property market hot, prices rising and new
lending rules being dished-out, many people are
looking for all the help they can get to take the
headache out of investing in property. But beware
of a quick fix. Seminars and courses offering get-rich-quick
schemes and advice might be tempting but they should
be approached with caution.
there are decent property investment educators out
there, there are also a number of sharks looking to
catch your cash in a scam. Here are four ways that
you should be able to tell them apart.
Do Your Research
Due to the lack of regulation in the industry, property
investment clubs and seminars that offer scams can
often operate under the radar. Search the web if you
are interested in a course but be sure to search if
any company’s name is associated with keywords
such as ‘scam’. Some websites
can check the financial health and track records of
an organisation, so they’re also worth utilising.
Typical danger signs are vague details, a short company
history with no track record. Fake testimonials can
often be identified with only a first name or initial.