Property ‘get-rich-quick’ schemes – where potential landlords are encouraged to buy flats and ‘put no money down’ – are back, with at least two companies encouraging investors to enter into risky and potentially illegal transactions.
Intriguingly, some of the correspondence is signed ‘James Moore’ and comes from the personal email address of Jim Moore, who founded the notorious get-rich-quick property firm Inside Track.
Read the full story here Is this failed buy-to-let 'guru' Jim Moore back in business?
NetRent Comment
During the buy-to-let boom companies like Inside Track made fortunes selling the dream of a property empire worth millions to people looking for the next great investment. We strongly advise anyone thinking of investing in any of these property schemes to seek independent legal and financial advise and then walk away.
There is no short cut to owning a property portfolio. Like any business it takes hard work and dedication to succeed.