Update on my earlier post re condohotel units in Orlando Florida - new $400K; resales are selling in low $200s.

Deejay

Can you give specific contact details for these distressed Orlando sales.

Woodsmoke,

I like the idea of the Oregan properties but I need more juice. The dollar is low sure, but I also want distressed / market forced low prices which I can find in the US - but where to start. Number 1, it must let all year round. Number 2, I want zero hassle and minimal ongoing costs.

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

I'm gonna take my time considering the US. Foreclosures and distressed selling has not reached bottom yet as far as most learned pundits on CNBC business news are saying which I was glued to last week.

I would'nt pay any developer a penny up front - so many are going bust and lets not forget even big Banks like Bear Sterns can go under so certainly NO developer can be 100% safe.

Im not convinced on the rental yield of some of the Florida touristic property Im seeing. I want 100% concrete recent evidence the rentals will yield at least 10% net, (which is not much ogiven how much capital prices have fallen).

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

We are getting foreclosures and short sales in Florida, even detached properties at 100k I am not convinced at. Why?

You have to pay 3.5 to 4% a year in taxes and maintenance fees, that is 3500 to 4000 dollars a year to live in your 100k house. Does not sound like a good deal to me.

Foreclosures/Distressed Sales in the US are running according to site I reviewed today at over 1 million properties. That is alot of houses.

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Ps. Invest in France, is safer, and better, and guaranteed rentals. I dont know why people want dodgy stuff when they can have the blue chip things on their door step, if they are british. I guess the euro levels dont help but if you buy well, it is a solid investment. Look at Warren Buffett, he only buys good companies with good management, take this to property, and buy good property with good property management. Voila , make money.

Keep it Simple (s..) KISS.

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Golden, I have'nt considered France as the rent yields are'nt exciting and the capital growth spurt has gone. In other words I might just as well put money in a savings account and get 5.5% pa and let the interest role - up and compound.

TheUS interests me as the capital required is now so much less, so yields and growth should be more rewarding over next 10 years.

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

7.5% guaranteed rental renturn every year for 2 years. Central London locations...

Yes, I am biaised. Yes, I have a vested interest. The reason I have a vested interest and am biaised is I have been impressed enough to want to operate there. It is also where I have purchased my retirement property.

For the balance of BTL/Capital appreciation potential/ease of access/safety of investmet/infrastructure of country/stability of government and any other yardstick you wish to consider.

GERMANY HAS TO COME INTO CONSIDERATION.

Here in Crete, the market is cheaper than spain, more expensive than Turkey
under the right management you can rental income, the highest on a weekly basis
the demand for rental is increasing slowlly every year, value growth is at an average of 9% a year, the kind of people who pay for these weekly lettings
is very picky and choose Crete because of long holiday season, nice weather,
not too hot and not too cold as opposed to other greek islands, and the unspoilt
lonely beaches, as well as the culture, life etc.

So the key to making money is, a)buy from someone who can also rent it out for you, B)tax planning, mortgage planning issues (possibility of borrowing on another currency cheaper than euro every five years?
this remortaging alone can save you an enormous amount of cash!


for more on Crete please feel free to contact me

The rental market in Tunisia is very strong due to the high domestic demand for rental accommodation in addition to the demand from Europe and Tunisia’s neighbours Algeria and Libya. Furthermore, due to the country’s location, Tunisia benefits from all year sunshine ensuring the rental season is much longer than in Europe. In fact, over the past years temperatures in early spring have been recorded as high as 40 degrees Celsius, however most of the time they are in the region of 25C to 35C.

Having the highest home-ownership rate in Africa and certainly one of the highest in the world, Tunisia is a middle-income country which has outperformed most of its African neighbours both in terms of economic growth and political stability. As a result of their relative wealth, the Tunisian people are able to take frequent holidays in the most popular regions of Tunisia such as Sousse and Hammamet boosting the demand of the rental market.

Tunisia’s larger neighbours, Libya and Algeria do not offer tourist facilities, resorts or hotels anywhere near the scale that Tunisia does, and as a result many Libyan and Algerian nationals tend to take their holidays in Tunisia boosting the demand for rental properties even higher.

Last, but not least, we have the European contingent of holiday makers who arrive in Tunisia in their millions each year looking for a warm, sunny climate to spend their holidays. Being less than 3 hours from the UK and most of Europe, Tunisia offers something new and exciting for everyone and has been an established tourist destination with Europeansover the past 2 to 3 decades.

Generally, tourists who visit Tunisia tend to come back year on year, and those on their return trips will prefer to rent accommodation giving them more flexibility than a hotel does. As a result, there is considerable demand for rental properties all year round. In the summer, couples and families with younger children tend to visit the country whereas in the winter we see a lot of retirees and Golfers in particular. Whatever they
are looking for, Tunisia offers it all!