The Sussex based "Passive Investments" sold "portfolio builder contracts" to wannabe property investors. It claimed it would purchase buy-to-let properties which it would rent out and manage for investors.
The dubious outfit set up in 2004 is yet another warning to investors looking to outsource the hassle of property investment and management.
Like many others supposed property sourcing agents they promised investors an easy route to wealth, through a series of seminars, DVDs and websites.
Property Hawk can't stress enough the dangers of investing passively, any investment needs to be taken knowingly and with understanding.
Research is key, and don't trust any agents as they are all sharks!
Read the full article in the Guardian.
Free property management software, Free tenancy agreements
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