General (main property discussion here) - Tonight on BBC 2 at 7.30pm, "Fly to Let"

Did anyone else see this?

It was great. Showed up the sharks.

£2,500 for training from some guy than advises people to gear at 100%!!

This should not be allowed. There is definately a need to educating new investors but advising people that do not understand the risks involved to buy 10 properties in one year is lunancy.

They roll out the same stories, 'if houses prices grow at the same pace as they have done over the past 6 years for the next 6 years, then investing £1m today will make you all millionaires'.

Did the dotcom boom teach anyone anything?

FS

I agree Francesco, we all know there are some cowboys out there. It's great to see them in action though, they're basically just great motivators.

"How much is a Ferrari? What about a Lamborghini? How rich do you want to be?" - they are also a bunch of idiots.

Did you see that guy who earned "2p a minute" from his portfolio. What a primate. Whatever makes him feel a big man!

there are a lot of companies that have jumped on the 'seminar' or 'workshop' band wagon. I can't beleive companies charge for this!! If these companies were so sure that the service and guidence they were offering was helpful, why not offer it for free?

I work for a buy to let broker and we do national workshops for our clients. We don't charge them and each client that has attended has found our information useful and informative.

you need to shop around, but recommendations from other landlords is the best gauge.

Agreed. Are there any companies that provide honest training advice not just telling you borrow as much as possible (using their in house brokers) and buying loads of off-plan (with developers that they have partnered).

Place in the market for solid advice: contracts, accounts, negotiation, research ..

Bob

there are a number of companies that can help.

The Money Centre offer free seminars about minimising risk, maximising returns - they are a consultancy and look at you as an individual (http://www.themoneycentre.co.uk). Another company is Dilegence (http://www.diligenceuk.com)

I hope this helps

Late on this thread I know but I have just watched a re-recording.

Amazing! There truly were some sharks being interviewed.

Julian