Despite all the negative publicity, thousands of consumers are caught with investment scams. Be very wary of “free” offers, such as investment seminars or trips to inspect property in distant areas.
No matter how good these offers seem, many are a nasty con where consumers are tricked into buying properties at hugely inflated prices. Often, it is not until they try to sell that they discover how badly they have been duped. Be wary of anyone who is trying to sell you something because it is a “good investment” or it has “tax benefits” or a “guarantee”. Do your research and don’t sign anything without getting independent advice.
Content Credit: The 13 Worst Mistakes made by Home-Buyers – written by Neil Jenman