Who wants to be a property millionaire – MoneyWeek

Everythingthepaperssayaboutpropertyslowdownsisa“packoflies。

”The1990spropertycrashwaslikeahaircut(waitabitandeverything’ssoonjustfineagain)。

AndsubprimeintheUS?

Notanissue。

Infactnow“isthebesttimetobuy”inFlorida。

I’mpleasedtosaythatshegaveafewveryfirmwealthwarningsalongthewayabouttherisksinvolvedinpropertyinvesting。

Buttheoverallimpressionwasstraightforward:letushelpyouandyourfuturewillbeassured。

How?

Simple。

Onceyouknowwhatyouaredoingyou’llfastbebuyingpropertiesathugediscountsfromInsideTrack’ssistercompanyInstantAccess,“theUK’sleadingmembershipintroducerofoffplanresidentialpropertyintheUKandinternationally(primarilytheUS–Orlando–andSpain)”anddoingsowithbrilliantmortgagesfromtheirothersistercompanyFuelInvestments。

Thenwe’llhave–andthisisoneofInsideTrack’ssignaturephrases–“instantequity。

”Iwanttoaskaboutthis。

Vanessa’swealthwarningsstressthatpropertyisamidtolong-termgamebuttheexamplesshegivesusareallaboutmakingthousandsin“instantequity。

”Butquestionsaren’talloweduntiltheend。

Nextcomestheoldestandbestsalestrickinthebook。

Thecoursenormallycostsjustunder£4,000eachbutsignupattheseminarandtwoofyoucangoforlessthan£3,000。

Nextamoredevioustrick。

Vanessaasksustoputourhandsupifwewantsomethingforfree。

Wedo。

ShegivessomeoneabagofDVDs。

They’rethrilled。

Thenshepointsoutthatyouneedtogoonthecoursetoreallyunderstandthem。

Thensheaskswhoelselikesfreestuff。

Weputourhandsupagain。

Shesaysshe’llonlygiveittosomeonewhoisserious,whoreallywantstogoonthecourse。

Alotofhandsstayup。

Shechoosessomeone。

ThenshehandstheirDVDstoasalesperson。

Youdon’tgettheDVDsnow,saysVanessa,youcanpickthemuponthecourse。

Thesalespersontakesthepunterawaytohandoverhercash。

VanessahasjustmadeInsideTrackgoingonthreegrandoutofgivingawayonesetofDVDs。

Nice。

Itsnothardtomakeamillioninabubble

I’vespokentoInsideTrackatlengthaboutallthis。

Andtheyaren’tallbad(they’reallgoodsalespeople–theygrowonyou)。

Theyofferapropercoolingoffperiod(thepunterabovecouldhavecalledlaterandsaidthanksverymuchI’llhavemycashback,youcankeepthe‘free’CDs)。

Theydon’tfloghousesinBulgariaorCroatia。

Andthankstothemassivebullmarketofthelastfewyearstheymaywellhavemadealotofpeoplefeelthatthemoneythey’vehandedovertoInsideTrackwaswellspent。

ButwhatisclearaboutallthisisthatthesuccessofInsideTrack(likethatofthehundredsofsimilarcompaniesaroundtheworlddoingthiskindofthingandthatoftheminipublishingempiresdevotedtopromotingpropertysuchasthatofRobertKiyosaki)isthatitisafunctionofthepropertybubble。

Duringabubbleeverythinggoesup。