PROPERTY: Dangers of Property Gurus And Why You MUST Do Due Diligence

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In this episode, Rob talks about why if you are going to invest in property projects you must always do your due diligence. He does not name any names but shares examples of how some property gurus misappropriate or lose other people’s money. Then, provide you with some tips to help you to do your homework before actually investing.
KEY TAKEAWAYS

  • One company had £43 million of assets but had taken on £60 million in debts.
  • With investing never lose sight of the fact that your capital is at risk.
  • Never, ever rush into property investments.
  • Every industry has bad eggs, people who are running Ponzi schemes, and the property business is no different.
  • Getting a contract does not solve every issue but it can help if things go wrong.
  • Just because people speak at property events and are very well known don’t just assume they are OK. Still do your due diligence.

BEST MOMENTS
‘You’ve got to really do your homework on the people that you want to work with.
‘I’m not here beating up every property guru … There are some fantastic people that will work with you.’
‘Make sure you understand the deal and what the exit strategies are.
ABOUT THE HOST 
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
BOOKS 
Buy To Let: How to Get Started = https://amzn.to/3genjle  
101 Top Property Tips = https://amzn.to/2NxuAQL 
Property FAQs = https://amzn.to/3MWfcL4
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The Property Nomads

The Property Nomads Podcast deep dives into property, mindset and travel. From how to buy your first 
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