Property Investment Advice – International property investment

Property Investment Advice – International property investment

Being an active property investor, every week I get probably near on 1000 properties offered to me at up to 70% off valuations as well as those I can earn around 12-20% commission on as well. In Spain, in Florida, in Detroit, everywhere in fact apart from areas I'd actually want to invest right now.

In fact, one UK company wanted me to sell their outstanding stock and were offering £10,000 commission per property, a massive commission. The properties come with a two year rent guarantee and are all three bedders which have had a touch up refurb. All sounds good… right?

Wrong. If people are offering you 43% off or 55% off or even 75% off. No matter how good the deal, just don't do it. Avoid it like the plague. Property in Spain, Cyprus, Bulgaria, Cape Verde, Florida… Just stay away…

Why? Think it through – there MUST be a reason why they're so cheap. They are in neighbourhoods where every house has been repossessed, where the neighbours are boarded up and where whole streets are vacant. The 2 year rent guarantee is simply paid out of the commission the company makes. Then in 2 years the client is left with a property that nobody wants, with lots of competition to rent it.

Any time there is £10,000 or more, 20% commission involved the sharks will come out to sell this arse end property. Don't be a fool.

Another story. Florida — beautiful property all looks good. A $400,000 property in 2007, now $150,000. Massive discount you might think… until you walk down the street and realise you can pick one up for £75,000 direct from an agent. Worse still is that the service charge is over $1000 per month (which wasn't in the brochure – in fact it said $300)… but then of course you have to pay for the pool, the gardens, the security and the local council rates.

Guys, just stay away…

I won't even go into some of the stories that I have for Bulgaria, Cape Verde etc…

My rule for overseas property is if you really must buy one…. do your investment research, go out and see it without the help of the agent or person selling you the property. Then ask yourself if it's really all the marketing brochure says it is. This alone will save you so much drama.

Live with passion,
Brett Alegre-Wood


Brett Alegre-Wood
October 3, 2010

Tags


Our Capital Growth Picks - Regeneration Hotspots & Developments

We Give You First Access & Negotiate Discounts on london and UK Property Development in the latest Regeneration Hotspots.

London

Manchester

Birmingham

Southall

Plumstead

Our Cash Flow Picks - High Yielding BTL, HMO & Assisted Living

Access Fully Managed High Yielding Property In UK Minor Cities.

Watford

Slough

Staines

Leeds

London

London

Manchester

Birmingham

Watford

Current Developments

View Available Property

Related Property Articles & News

Invest in a Thriving Future at The Green Quarter, Southall

Invest in a Thriving Future at The Green Quarter, Southall

Simplifying Buy to Let Investment UK: Navigating House Price Predictions

Simplifying Buy to Let Investment UK: Navigating House Price Predictions

One Great Property Idea
Masterclass

How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest.

THIS WEDNESDAY @

530pm London GMT

THIS TUESDAY @

1230pm London GMT

Property Investment... Effortlessly Done For You!