This is the first part in a series which has been contributed by a friend of Walker Fox. In this true story they tell how they first came across the concept of property investment through a property club, how they get started and how it went wrong.

‘Oh, look,’ said my wife, ‘a piece of paper from a property club, a club that helps you buy houses cheaply, that you then rent out. Then after a while you sell them and make lots of money.’

‘Wow,’ I said, ‘that sounds easy.’

And look,’ I said, ‘this piece of paper features a former big time football player endorsing the property club, saying how much money he makes and how he’s about to retire and he’s got loads of cars and houses, and he’s only like 27 years old.’

‘And look,’ said my wife, ‘they’re holding a seminar near us, at a hotel, with free tea and coffee.’

‘And look,’ I said, ‘there’s a picture of another guy in the club, a fat guy who now lives in Spain FULL TIME because he made so much money from the property club property. And he’s going to tell us how to do just what he did’.

So, what did we do with this club that looked, sounded and probably WAS too good to be true??

We joined it!

Next time….

The ‘seminar’ at the local hotel

Walker Fox Ltd are Commercial Management & Property Consultants who act for property investor clients in and around Wakefield, West Yorkshire.

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