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I would like to bring up something I have been thinking for some time about PT
I love cars especially sports cars and I often visit a showroom and chat with the sales guys Aston Martin, Jaguar, Bentley etc etc for a coffee and a natter
I was in the Bentley sales room the other day and The Manager said "Oh not him again?!".
I looked at the front door and a young guy walked in
The manager said he was a "Tyre Kicker". I had never heard that before and I asked him what a Tyre Kicker was
He said its a person who goes around Showrooms collecting brochures and asking lots of questions about cars and have no intention of buying
He said you can't judge a book by its cover but he explained we get lots of folk who are Tyre Kickers
But we had one guy who looked at a new Bentley and started measuring the tyre depth on a new car in a showroom ???
This got me thinking I have looked at a number of posts on Tribes over the past months and I think we have our fair share of Tyre Kickers
They ask questions like:
If I own a company and have Ten houses how much are they worth ?
Can I start BTL with No Money ?
Would you buy this three bed house for 75K with a rent of £700 pcm ?
How can any one give advice to this sort of person ?
I love to share and gain knowledge but I shake my head at some of the questions on PT
I have a feeling that we get either GR asking questions about BTL for their own Political Gain or they are just Tyre Kickers who are there for a look and pass their fantasy life of becoming a Landlord
I don't mean to be unkind to anyone who is trying to become a Landlord but I can do without (property) Tyre Kickers !
Learn Change and Adapt ?????
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None of us have an obligation to respond to posts, its a choice we all make.
As for the tyre kicker, I can't see any harm in someone taking an interest, even if it is well beyond their current means. It may be what is motivating them to achieve and it may just be today's dream.
A good teacher must know the rules; a good pupil, the exceptions.
Martin H. Fischer
The questions they ask are so vague
and If some one was to give them the answers they seek they would have to know them very well before advice could be given
A simple question are you working what is your rate of Tax???
Have you got a good credit rating so you can borrow money???
are you married or Single ????
what age are you ????
all basic stuff Gary
Then they ask how much would my company be worth of I buy ten properties in ten years time
Where is the best place to buy
Can I become a Landlord with No Money
There fishing not planning in my opinion and maybe having a fantasy or two
I would have thought anyone starting off asking questions would supply the basics ie where they are where they work ect ect
You give enough information when you start a thread so a person can give an opinion to you
I know one thing - I will not be answering anymore If I think they are a Tyre Kicker.
Did you buy the Bentley or were you just kicking tyre's ?
Funny you should say that NO
If I cant afford to buy one I wont even take them on a test drive
Because I know I will want one lol
But I might have an Aston next God Willing x
Haha, DL, in those car dealerships you're probably considered a tyre kicker!
Not in the BTL world though ;->Funnily enough you and I were thinking about exactly the same thread posted within the last week - a classic tyre-kicker/timewaster type of thread.
I think the difference is I dont go into a Car Dealership and waist there time going for a test drive If I have no intention of buying Adam
and I dont go in to a car show room with the intention of trying to close it down
I do drive a Jaguar Sports Car so I could be seen as someone who could afford a Bentley or an Aston
I dont spy on folk and I dont have alternative reasons for visiting PT
That tyre kicker could be the next Richard Branson or win the lottery next week. Property Tribes was set up to answer any and every question and it can never be a bad thing endeavouring to learn more. There is no such thing as a silly question if you don't know the answer. Furthermore, there may be 20 other people looking in who want to know the same thing, so it helps the community to ask questions, as it fuels discussion and learning.I suspect that the "tyre kicker" mentality is mostly in the "wealth creation industry" while this site is in the "private rental sector and landlord space".Gurus tell people to "fake it before they make it" to start living the luxury lifestyle so that their brain turns into a millionaire mind.I can see some value in that, to a degree. For instance, it can ignite serendipity. I remember once buying a bikini, even though I had no holidays planned. A week later, a friend rang me and invited me on a cruise.Tyre kicking can also be part of the resource and due diligence process - you are researching something to see if it is right for you - nothing wrong in that either.I think where it becomes unhealthy is if you don't have a penny to your name and you start visiting show homes telling the sales person you are a property investor looking for deals. That is wasting your time and theirs and is slightly delusional to some degree.But on the whole, all questions and desire to learn are positive, no matter what the agenda is behind them. We were all newbies once, and we now have the benefit of experience to share with those who are following in our footsteps. I regard that as a privilege.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
well I know I will think twice If I think there a Tyre Kicker before giving an opinion
I think you can tell by the responses they give back
As I don't charge for my time I have nothing to lose
WHERE IS THE BEST PLACE TO INVEST? What sort of question is that ?
You can't answer when you know so little about the person asking the question
DL, I think what you have to realise that we are all different.
Some people think through their questions before asking and some don't .. hence you find them asking vague questions like 'WHERE IS THE BEST PLACE TO INVEST?'
As someone already mentioned above, all you need to do is either respond by digging more information before answering Tyre Kickers' questions OR not answer at all. Others like me don't regard Tyre Kickers much of a problem at all and would readily answer their questions because this is our way of giving back to PT for all the advice we had gained before, when we didn't know which direction to take or whom to ask (without being asked to pay upfront for the advice to be given)
Property Investor from Surrey
Agreed about that question. I get similar on av forums: people asking what's the best TV. You may as well ask, what's the best car? What's the best colour? What's the consensus on <contentious issue which will never have a consensus>? All ludicrous questions.