Search results

  1. G

    sale of apartment in bulgaria

    Duck if the place is complete in December then that is a reasonable way to do it. I would expect the payment terms offered to the new buyer should be the same percentages you were offered. So if the place was 100K and you had to put down 50K its 50%. If your selling now for 120K the new buyers...
  2. G

    Florida Bank Repossessions: If this is too good to be true then it probably is!

    There are not only banks selling repossessions but developers selling projects at big discounts. I was there in february and saw a project near the airport in orlando Example price $54,778.00 rent p/m$699.00 Tax$199.66 HOA Fees $132.41 ROI Gross rent 15.31% net rent 8.04%. Development was...
  3. G

    Foreclosures in Orlando Florida

    Example I have been sent from my contact there - Property valued by the bank market value $149,900 USD Sale price $79,900 Rent per month $1000 HOA Fees $230 p/m Current Lease ending 30.06.2010 Will have to check on how long the property has been rented and the prospects for lease renewal but...
  4. G

    Foreclosures in Orlando Florida

    Hi Folks Ive been discussing with some banks in the US a deal to market foreclosed properties in Florida to markets in Asia. Properties discussed are at 50% discounts with sitting tenants. Im not posting with a view to self promotion, would like to hear what some of the posters think about...
  5. G

    Sun/Ski Resort

    Calabria in southern italy has 2 months of skiiing and plenty of sun in the summer. Lot of issues down there with building permits and environmental regulations at the moment, so if you looked there it would need to be a finished house, and you would have to have everything thoroughly checked...
  6. G

    can no longer pay on foreign property

    Like Mommah mentioned negotiating with the bank is the key here. Do you think its likely youll be able to get employment soon again? If thats a possibility the bank may be willing to defer depending on how well you plead your case. That could buy you enough time to get comfortable again At...
  7. G

    Has anyone made any profit from overseas property residential or commercial?

    Speaking of Buffett, I just read Warren Buffett and the interpretation of financial statements. An excellent read to help you evaluate company reports etc before you would invest
  8. G

    hannover, germany buy to lets

    Id be looking at the small print for "fully let" and see when exactly 6% is available. Could be your standard guaranteed rent trick. Whats the interest rate on the finance? If the 6% net return is cast in stone for the long run and guaranteed by contract, and the company offering it is very...
  9. G

    Dubai-Has anybody made a sale

    Video was taken to show the new access road and also the day the workers barracks (workers here live on site) was complete; and a lot of scaffolding was delivered just to demonstrate to our clients that we were under way. The whole site is hoarded off, and that area with the safety first sign on...
  10. G

    Dubai-Has anybody made a sale

    We are a developer. I understand your concerns, but if you look a bit closer you'll see the one of the partners is The Swedish Investment Group, and their site is listed. It also mentions the existing hotel on the site that has been there for 20 years that was built by the Chairman...
  11. G

    Dubai-Has anybody made a sale

    We're not a real estate agent, we are currently constructing a residential resort development on Boracay Island to compliment our existing hotel Pearl of the Pacific. We also provide an in house management and leasing service. We are regulated by the Securities and Exchange Commission here, reg...
  12. G

    Dubai-Has anybody made a sale

    Don't know what your talking about ;) . Warning spell check is not your friend!
  13. G

    Dubai-Has anybody made a sale

    I don't think its based on pure luck at all. There's a multitude of factors involved in investing overseas...or at least there was. I'm not claiming by any means people won't loose money there. The savvy investor would have got out in time. Nevertheless even saying that, it can be hard to see...
  14. G

    Dubai-Has anybody made a sale

    What are you a tiler? Your talking crap. Start of 2007 Dubai was on the downslide for investment. Between 04 and 07 investors were making a fortune, and I have a number of friends and clients who flipped properties out there and made 100's of thousands in a short space of time, or even held them...
  15. G

    Dubai-Has anybody made a sale

    I find this post a bit eccentric Patrick! 2-3 years ago dubai properties were flipping 12 times over before they were complete, rising at a crazy pace, so to slag the guy off for buying then isnt really fair. Most likely if he had sold it a year or less after buying he would have made a handsome...
  16. G

    Dubai-Has anybody made a sale

    If your in dire financial straits then you need to discount it more and advertise it as such. That would attract more buyers. You'll find if you dont now in 6 months or a year you'll probably find its valued at the price you were going to discount it for now (assuming 20-25%)
  17. G

    Mortgage for German Home

    Gary Golden 004477924 19865 or [email protected] This is a friend of mine who acts as a mortgage broker for various banks around the world, I would expect he can help you explore your options in Germany Ive posted his details before, I presume its ok with the moderators?
  18. G

    property in Singapore

    Gross yields in Japan as far as I know are around 6 to 7%. rents are very high, around 20% higher then ireland, but sale prices are very high as well your looking at about $500,000 for a decent sized apartment (50-60sqm) which you might rent for 3000$ + a month Prices are falling now though as...
  19. G

    got 70k USD, want to buy a bar, somewhere in South America

    Re: got 70k USD, want to buy a bar My advice would be to lease a premises and not buy one. Places like S.A with widespread corruption are hard to start a business that involves building something. You'll have allsorts coming out of the woodwork about permit this and that and a lot of people...
  20. G

    property in Singapore

    Do you mean potential rental return? Yields are low, purchase prices are too high. Most locals are investing in other markets in asia for the last year. In a good area the demand for rental is good, just dont expect it to cover your mortgage payments...
Back
Top