Quote:
Originally Posted by nigelallen
Hi giraffe,
Any overseas property has its dangers and can also have very good rewards, I would`nt be put off by GW,he is not saying their is not an opportunity in Brazil, he is just pointing out things to look out for, just take on board what he says, the trouble is you go to these places and are told so much rubbish by some of these agents and a lot of it is unsubstantiated claims ignore all this 30% a year capital gain and ignore all the 5% or 10% for 2 years. because your paying for it, here is an example for you, i asked an agent if they would market my development i am building, and this really made me laugh, this is what their fees were, the agent gets 5% they send it to other websites they get 5% and none of them got offices in Brazil so they get a local agent in Brazil to do the work over their another 5% total 15%, now that's 15% on top of what your paying for your property, needless to say i told them to sling their hook, i now have my own office in Brazil and my own web site.
I have ben going over Brazil for 3 or 4 times a year for the last 5 years, i have made very good friends i have also met many people which will rip you off, and im talking about professional people now, it has taken all this time to get to a stage of having the right trustworthy contacts in place, and be in a position to feel happy to proceed. i would be happy to offer you any contacts i have made if you desire.
All the best to where ever you buy i hope it will be a success for you.
Cheers
Nigel
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hi all...many thanks to nigeallen and deedee for previous advice.
nigelallen, thanks for this offer, i will definately take you up on contacts etc. when i make a decision...at the moment i'm in a funny place, i now need to move out of the house i am currently renting within the next few months, and am now trying to decide whether to buy a cheap (?!) house in UK and invest abroad (which would also need to be cheaper budget), or hang back for a while investing abroad and get a slightly better house in uk. My other decision is wether to go for Brazil or Egpyt. i am also waiting for a development to be released in egypt inthe next few months, and currently no one knows prices yet. This dev. would probably be a good investment and I could dive there too. but i cant make any decisions until i get more facts/figures.
but anyway, nigelallen, (sorry about rambling), the dev. in brazil i was looking at was manoa park, was curious if you, or anyone else, know much about this,
cheers