Quote:
Originally Posted by mitico67
I really do not understand all this talk of thrown someone out just because he doesn't agree with some of the 'hype' about Brazil and Natal in particular. As a matter of fact I spoke to GW more than once and he has given me some sound advice. Back in may I've started having the interst in buying in the north est as I'm always being in contact with the brazilian culture in Italy first and in the uk now. At first I was one of this potential investor(my budget is very limited) that GW describes.... they don't or won't get off their backsides to listen, look and learn. I gave for granted whatever the agents said on their websites and I almost bought at Porto dos corais. Just before sending the money out I've started a few questions and to my desmay I realized the most of the time I knew more than them. It's a fact that a lot of the agents you can find surfing have very little knowledge of what they are selling. Of course if someone budget it's not restricted and it doesn't affect his finance even if the deal it's not the best it could make sense to use a reputable agent. During my reserch I realized that a couple of agents as UV10 did visit on a regular basis the northest area and had some kind of local knowledge. However the main reason in participating in a forum as this one is ask questions, propose a topic and hope to receive answers, links etc that can make you understand what % of probability of success the chosen project can have. If and when the airport will be ready, only time will tell, but at least I'm now convinced(my personal opinion) that It won't be 2008 as someone use to tell me. Opening a bank account without being resident is extremely difficult. Buying an offplan(ready in 2-5 years) at a price more than 3000reais sq/mt doesn't make sense(personal opinion). Considering to buy a flat that has the potential to be rent it out only to foreigners without a data base of potential client is going to be hard to rent it out at 70% per year. Being the brazilian reais not traded as a normal currency(cannot be fixed in advance) add to the thing to consider if you want to invest in Brazil. Looking at the classified in the diario de natal and into tribuna do norte does it help to have a feel of the price to pay and the price than can be earned on rents. Rob once said he would publish some detail info on the market resale and on rents that his clients are achiving. That would be interesting info that should be told in this forum(if I'm mistaken, please accept my apology in advance). I hope that useful info will start flooding again and all the personal attack be left to PM messages. Thaks all of you that gave me more knowledge!!
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Hi Mitico- thank goodness we can get back on topic, and I agree -if you want to argue off topic please do it in PM's or start another thread!!
Next time you come to Brasil, Mitico, you must look me up!! With the rental aspect of investment, I re-iterate that unless you can attract Brasilian rentals as well, you only will have a tiny fraction of the market. Thus, particularly in this world property market today, look for the exit before committing to buying, whether it be Brasil, Spain, Egypt, Florida etc. If the property can be aforded by locals either to rent or buy, then you should have no problem. This strategy is foremost in our thoughts when looking for deals for our clients.