Buy to Let Investment Schemes – too good to be true?

The old adage, if it sounds too good to be true it probably is, is one any smart cookie would do well to heed, particularly in the world of property investment. Sadly, the current popularity of the buy to let market, coupled with unscrupulous companies and individuals looking to make a quick profit, has seen the emergence of several dubious “get rich quick” buy to let property investment schemes.

 Investing money in buy to let property can be a great way to see a decent return on savings, particularly when savings accounts these days pay a pittance. But although the majority of investors choose to buy properties in their local geographical area, or let out properties they already own, some are tempted by the promise of untold riches for very little effort and succumb to the lure of overseas buy to let property investment developments.

There have been several schemes in recent times offering investors great profits in return for ploughing money into buy to let property in far flung places like the US. But although on paper it sounds like a fantastic venture, most find out to their cost that the properties are in deprived areas and in such a poor state of repair nobody could possibly live in them, so any form of guaranteed income from tenants is going to be doubtful to say the least.

So the moral of this story is: always check the facts before handing over money and if it really does sound too good to be true, walk away now!