General (main property discussion here) - Do property clubs work?

i have read over the years so many stories about property clubs. experiences seem to vary widely even with the same company.

is there room for another club and if so what would differeniate it from the others?

my concern is this:

if the club is small it will not make the club administrator a lot of money. the problem here is that the experienced and successful investors (ie those that you want to learn from) don't have time to run them cos they can make better money elsewhere.

the big clubs are a different kettle of fish. their employees are not experts and seasoned investors and therefore can they offer any real angle for more inexperienced investors.

clearly the big companies can fulfil a role for the more experienced investors that simply use clubs for sourcing better deals that the clubs can provide due to their economies of scale in bargaining with developers.

shouldn't less experienced investors simply join landlord associations and learn as they go?

i am not sure i really believe everything i have written above but i truly have no definitive opinion as i have heard some many mixed message on this forum.

lastly inside track clearly does do something rights as they are a hugely successful company!

thoughts all?

tom

Tom

do you mean a sourcing company or something else?

Inside Track do well because they have a £10 million pound advertising budget and rule of thumb is only 10% of people every do anything with the information provided.

So if they have say 10,000 people on their course at £3K a pop they'd be making £30 million plus upsells to their property buying club, brokers etc.

I and a fellow investor work together on sourcing and we are launching a new discount property club. However we don't look at anything below 15% discount and require genuine discounts for it to add up for our investors. We also buy on the sites we promote generally.

I think as per another post I put up - due your due diligence and you will be fine!

Matthew

Tom,I suppose it depends how high up the pyramid you are.Look at the thread about Challenor.