Things to watch out for....

If you are seeking help with your property investing from a professional, here are some things to look out for:

• If you are told that you pay no fee for professional advice, ask how the adviser is making money. 
• If the adviser is making a commission from the sale of a property to you, then this is more than likely to be built into the purchase price.  be sure you obtain an independent valuation to ensure the property is at market value
• If the advice you receive depends upon you purchasing a property for which the adviser receives a commission, this is not independent advice.  While the advice may be sound advice it is limited to that property and can not provide actual information about whether that property is the best option for you.
• If the adviser in any way profits from the sale of a property to you, then the advice provided is not independent.  This does not mean that the advice is not relevant, but you should check with an independent third party before proceeding.
• Ensure that all advisers have undergone suitable education, to diploma level.  Anyone without this qualification has not received an adequate level of training.
• Be careful of expensive courses or seminars which do not result in some sort of personal help and guidance being provided, and be aware of any seminar promoting the 'secrets of the rich' or other such strategies.
• Ensure your adviser discloses to you not only all fees and charges payable but all commissions he or she will receive.  Ask for this in writing at your first consultation
• Ensure that your adviser is a member of a suitable industry association such as PIPA, as this ensures that a specific standard of practice is upheld.

Until regulation is in place, all consumers must become responsible for their own protection.  Following the above guidelines will assist you to select the right professionals to help you.