Property investment courses - landlords be aware

According to leading property magazine Property Week.

Buy-to-let property investment clubs have a new sales pitch

"cash in on the credit crunch"

The gurus and phsuedo property investment outfits now pronounce

‘Profit from the property crash!’

‘Exploit the falling price of property!’

‘Make money buying repossessed properties!’

‘Earn a fortune because of the credit crunch!’

All these slogans are aimed to pull in unsuspecting landlords and would be property investors.

They peddle the dream that all an individual needs is a desire to succeed and make money and property riches await.

Property investors and prospective landlords need capital
Unfortunately, since the credit crunch we know that prospective landlords need more than just determination and a desire to make money. They also need capital and increasing amounts of it. Now many of the best buy-to-let mortgage deals are only available to those investors who can put down 35% plus as a deposit.

Despite this some of the courses are encouraging first time landlords to use any means possible to scrape together a deposit including maxing out their credit cards.

Landlords - now is not the time to engage in this high risk behaviour. Why? Have a look at our forthcoming article on DEFLATION. Be aware be very aware!