Quote:
Originally Posted by Markp
There are two exit straegies to my mind,
Flipping a good located unit, as it has a long build time.
Sit on it for a mid term investment and either sell or refinance it after several years.
The market there is growing both in prices, demand and finance products.
1200 units there might look a lot now, but this is a really fast growing market and has all the indicators, with demand for property, stable and growing economy, tourist plans to be a very good market in years to come. Buying now you have the potential to make real profit in years to come.
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How can you refinance these?? There are - as far as I am aware - no financing options available to expatriates anywhere in Venezuela. But if you know of any - Im all ears!!! - As long as its not "developers finance".
Also, will people really pay a premium on the developers price for a well-placed unit before the project is complete? I´m not sure "flipping" is going to work in this instance - BECAUSE of the long build time and high quantity of units.
Last Winds resort looks like its going to have similar problems for investors.