Sunday, Dec 21, 2008
How to lose all your friends - sell them a BTL...
Sunday Times: Buy-to-let scandal spreads nationwide
"They were so impressed by its apparent professionalism that not only did they engage to buy seven properties over the next few months but Geoff Morris, 62, agreed to become an agent for the company. On top of his investments, he was an agent on the sale of 15 properties and was looking at a paper profit of £50,000 in commission. The scheme looked so attractive he gave up his job as a salesman for a software firm to concentrate on the venture. He even persuaded his two children and four family friends to invest in it." And now he's lost all his money and presumably his friends, like the rest of them, he is trying to blame someone else...
Posted by bidin'matime @ 09:50 PM (552 views) Add Comment
3 Comments
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1. little professor said...
Here's Geoff Morris's website. No really:
http://www.propertyhorizons.com
2. inflation is eating my savings said...
golly lp, it reads like an extended daily mail horoscope.
3. Geofftrader said...
Amazing how people who have never done a thing in their lives to better themselves, take great pleasure in knocking those who do. I actually dedicated over 2 years of my life fighting for retribution for hundreds of similarly affected investors. Its one thing to take a risk on the market, but you cannot cater for crooked activities of other people. On the other hand, in a capitalist society, risk-taking is the only way that will grow an economy, Governments alone can not do it, and it will take risk-takers again to get us out of the present financial crisis . We are working on other ways of generating income again, and are actually helping and encouraging others to do the same. Stop looking at the black side of life, and get a kick out of having a go. In most cases you will succeed. If you want to join in, go to whatobstacles.com