The Internet is a great tool for people who want to invest in land because it lets them find out about opportunities easily and cheaply. But fraudsters and scam artists can also use the Internet very well. Because of this, you should always think twice before putting your money into any Internet-found land investment opportunity.
This warning tells you how to spot different kinds of Internet land scams, such as the Kent land scam, the London land scam, and the Sussex land scam.
How to Navigate the Frontier: Scams and frauds on the land
The Internet lets people or businesses talk to a large number of people without spending a lot of time, money, or effort. Anyone can reach tens of thousands of people by making a website, posting a message on an online bulletin board, talking in a live "chat" room, or sending mass e-mails. Land scammers can easily make their messages look real and trustworthy. But it's almost impossible for people who buy land to tell the truth from the lies.
How to Use the Internet to Invest Wisely in UK Land
Get the facts if you want to invest in land wisely and avoid frauds and scams. Never, ever make an investment based only on what you read in an online newsletter or on a message board, especially if the investment is in a small, little-known company. And don't even think about buying land from small companies that don't file regular reports unless you are willing to do a thorough investigation of each company and check that everything said about it is true. You'll have to do things like:
- Check out the people who run the company or are connected to it to see if they have ever made money on investments in the past.
- Make sure the claims about new products or lucrative contracts are true;
- Get financial statements from the company and be able to understand them;
- Call the company's suppliers and customers and ask them if they really do business with the company; and
Here are some smart ways to use the Internet to invest in land.
