The Property Locator Private Club offers access to no-money-down and cash-back properties, many which have built-in profit margins of up to �50,000. First set up in September 2003 offering money fairly quickly from property so members could escape the "rat-race", and several of those people have apparently gone on to become property millionaires!

The idea behind The Property Locator is that �guru� Martin Welch will teach you how to find bargain properties in the UK.

You then pass them onto a team who finish the deal.

For a bit of paperwork, you can apparently earn �20,000 a month. But first you have to pay �252.77 (plus VAT) Then you get sent a 7-hour video CD worth �499.00 and one day private training with Martin Welch.

This is all well and good and above board. If you�re new to property these materials will be interesting. So on that level, this is a genuine opportunity, even if the promotion is a bit over-hyped.

If you�re into property� then by all means go for it.

But beware that membership involves going to seminars, where you�ll be encouraged to �upgrade� your membership to one of their many programmes. These will cost you a fair bit of money.

Oh, and you may have to go to Slough.

I also wonder about a couple of things� if you found a really good property deal, wouldn�t you want to exploit it yourself, rather than pass it on?

The Home Study Course explains how to make �20,000 a month from property...and how to build a �1 million property portfolio within two years.

The Property Locators Club is priced at �297 (including VAT) with a 100% risk-free 14-day guarantee. That seems fair!