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£8000 to invest - Page 2

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  #11  
Old 08-01-2008, 02:17 PM
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Beware the Brazil land plots. In the 1980S+ people were encouraged to buy plots on Great Exuma in the Bahamas. Most of those plots never went up in value as there was never a chance that sewage, electricity, water and communications would be connected to such out of the way plots, let alone roads.
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  #12  
Old 09-01-2008, 11:01 AM
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In France ....

£8000 to invest, on todays exchange rate = 10 670 Euros.

The maximum mortgage availailable to non-residents is 85% of the purchase price - therefore 10 670E will mean a maximum purchase price of 71 133E.

In addition there are legal (notaire) fees. Assume nearly 8% of the purchase price for an existing older property.

Carole
mortgagefrance.com
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  #13  
Old 11-01-2008, 10:41 PM
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Egypt is on the up.
Not much to be had in UK with such an amount.
Buy to let deposits these days favour 25% down.
What about Premium Bonds for 12 months and see what you win?
Good luck
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  #14  
Old 17-01-2008, 01:00 PM
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When is the last time a wealthy person contacted you with inside info on how they make all thier money each month?

Never?

If I had a FAILSAFE way of making easy money, the last thing I would do is share it with strangers.

Bill Gates did not invite total strangers and then tell them all about his great new way (windows software) to make easy money, so why would you

Fool
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  #15  
Old 17-01-2008, 02:03 PM
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I thought Bill Gates went to the market to get funding. He did it with other peoples money. So he must of told the investors something about his company.
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  #16  
Old 17-01-2008, 03:02 PM
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Goldberg,

Pioneers with a new idea might seek funding, what they do not do is give you the exact formula for thier baby such that you can make money that they would otherwise have had.

All these schemes if they really were one way tickets would be worth billions to a Wall street investment house, so anyone with such a profound guaranteed one way ticket certainly would not be sharing it with total strangers on an internet forum
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  #17  
Old 17-01-2008, 07:51 PM
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Investy,

Yes, you are correct in response to funding.

Yes, and no with reference to schemes.. If you are into a good thing, and you are satisfied with your portfolio or investment, and can not take any more on board, by recommending or helping others take advantage or sharing is only a positive thing.

Law of Karma, what goes around comes around, help others, help yourself. One way billionnaire tickets are relatively rare, but by sharing skills and techniques and other helpful things can only make the situation better.

ie. So people dont make illogical mistakes. Even reading your signature, you are highlighting certain things. To bring it into peoples minds when they invest. So indirectly you are asking people to question their choices.
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  #18  
Old 06-02-2008, 12:56 PM
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Hi

I recomend you to purshase a Buy to Let property in Bulgaria.The best city to do that is the capytal Sofia.There the rental to your property will be guaranteed and the price will be grow with about 15% per year.You have onli 8000£-about 12000 euro.So that is the place for you.

You need to use a mortage to buy a property in Sofia, becouse the prices there start from £30,000.You do'nt need to register a company in Bulgaria to buy apartment, but the mortage deposit will be 30%. With only £8000 I recomend you purshase apartment after registering your own company in Bulgaria. The mortage deposit will be 10% to 20% of the purshase price. For registering a company in Bulgaria you need 2 weks and £4000.You pay £300 charge and £3700 bank deposit.after registering your company your bank deposit(£3700) will be returned.So you have more £7700 and company in bulgaria.
You can find a bank to finance 100% from the purshase price to your property,but I recomendet a banks with 20% mortage deposit.

HOW DOES IT WORK.

YOU HAVE 7,700£ ABOUT 11,000 EURO

-1 bedroom apartment n SOFIA-
-PRICE €45000
-legal and notary fee 4.5%-€2025

-MORTAGE DEPOSIT 15%-€6750
-BALANCE TO FINANCE -85%-€ 38250
-MORTAGE 25 years 7% p.a
-Monthly mortage Repayment - €270.34
-furniture €4000


-RENTAL 6% of the gross value
annual-€2700
montly- €225

Net Monthly Cost - €50-------€270 -€225=€50


Estimated Sale Price-2014

6 years capital appreciation about 15% p.a - PRICE about €103,200

YOU WIN?

Your investment- €12,000
Your all montli payments fo 6 years( €50 p.m.) - €3600
Your total investment - €15600

Bank finance return.-€61560

sale price €103,000 - €61,560 - €15,600=€25840

YOUR TOTAL WIN €25840

€4306 per year and you do'not do nothing.It's guaranteed winning sheme in Bulgaria.2008 is your last schance to purshase cheap properties in Bulgaria.YOU CAN DO THAT WITH £8000 and with £50.000. but that guaranteed work, becouse is in EU Capytal. THERE IS EASY TO RENT AND RESALE.

IF YOU ARE INTERESTED SEND ME PERSONAL MASSAGE

If you are interested
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  #19  
Old 06-02-2008, 12:58 PM
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Default the best investment scheme

Hi

I recomend you to purshase a Buy to Let property in Bulgaria.The best city to do that is the capytal Sofia.There the rental to your property will be guaranteed and the price will be grow with about 15% per year.You have onli 8000£-about 12000 euro.So that is the place for you.

You need to use a mortage to buy a property in Sofia, becouse the prices there start from £30,000.You do'nt need to register a company in Bulgaria to buy apartment, but the mortage deposit will be 30%. With only £8000 I recomend you purshase apartment after registering your own company in Bulgaria. The mortage deposit will be 10% to 20% of the purshase price. For registering a company in Bulgaria you need 2 weks and £4000.You pay £300 charge and £3700 bank deposit.after registering your company your bank deposit(£3700) will be returned.So you have more £7700 and company in bulgaria.
You can find a bank to finance 100% from the purshase price to your property,but I recomendet a banks with 20% mortage deposit.

HOW DOES IT WORK.

YOU HAVE 7,700£ ABOUT 11,000 EURO

-1 bedroom apartment n SOFIA-
-PRICE €45000
-legal and notary fee 4.5%-€2025

-MORTAGE DEPOSIT 15%-€6750
-BALANCE TO FINANCE -85%-€ 38250
-MORTAGE 25 years 7% p.a
-Monthly mortage Repayment - €270.34
-furniture €4000


-RENTAL 6% of the gross value
annual-€2700
montly- €225

Net Monthly Cost - €50-------€270 -€225=€50


Estimated Sale Price-2014

6 years capital appreciation about 15% p.a - PRICE about €103,200

YOU WIN?

Your investment- €12,000
Your all montli payments fo 6 years( €50 p.m.) - €3600
Your total investment - €15600

Bank finance return.-€61560

sale price €103,000 - €61,560 - €15,600=€25840

YOUR TOTAL WIN €25840

€4306 per year and you do'not do nothing.It's guaranteed winning sheme in Bulgaria.2008 is your last schance to purshase cheap properties in Bulgaria.YOU CAN DO THAT WITH £8000 and with £50.000. but that guaranteed work, becouse is in EU Capytal. THERE IS EASY TO RENT AND RESALE.

Last edited by totallyproperty; 06-02-2008 at 02:06 PM.
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  #20  
Old 06-02-2008, 02:51 PM
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Default Bulgaria mortgages

Quote:
Originally Posted by C_B_H View Post
Hi

I recomend you to purshase a Buy to Let property in Bulgaria. You can find a bank to finance 100% from the purshase price to your property,but I recomendet a banks with 20% mortage deposit.

THERE IS EASY TO RENT AND RESALE.

IF YOU ARE INTERESTED SEND ME PERSONAL MASSAGE
Hi CBH,

I refute your assumptions. I have a colleague who owns 17 properties, and 18 months ago put down 30% deposits on 3 apartments in Bulgaria. The developer now can't raise the 70% mortgages he needs to complete, and he stands to lose his total deposits if he can't complete within a month (that's a potential loss of around £60,000!)

He has sufficient capital to buy two outright, but he didn't plan to use this capital for Bulgaria. I have spent the last week asking a forum of 3,300 investors for help. He has three leads - 2 in London and 1 in Bulgaria, but it's not right to say, in February 2008, that you can easily get a mortgage for Bulgarian property.

If you can help me by directing me to a mortgage company that you KNOW has been able to produce 70% mortgages for UK investors for their Bulgarian properties, I would be grateful to be proven wrong.

This does not only apply to Bulgaria. As the credit crunch bites worldwide, many lenders are changing their criteria, with little notice to investors who have committed their deposits, expecting to obtain the remainder funds required on a mortgage, and some are now finding they have to complete for cash.

Moral of the story - don't buy offplan what you can't afford to buy at completion, or risk your deposit monies.

It's also not right to advise that these can be easily resold. They can't. There are thousands of them being built, and there's currently no apparent resale market out there, especially for flats.

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