Quote:
Originally Posted by River_42
I agree with you here, Wolfgang. I am still trying to take an educated decision in investing into Coconut Grove and we are talking about personal issues instead of talking about Coconut Grove. I think Petter Hoggert can give us good advise as is the only one that has really been in the area and had contact with these guys.
At the end of the day, is an investment of 9,000 pounds... And investment means risk. I prefer risking 9,000 and have the possibility of making some extra money than putting down +100k somewhere else. I have looked around and I dont find anything similar to this... Other developments are bigger than 600+ units. I am looking for something exclusive and more private.
Ralph, I probably dont know much about overseas investments as you do... but I certainly know who is HiFX. Maybe everyone has to do the same process as yours... But sometimes new procedures are better than tradicional ones.
I keep having good advice from Realest International and I keep asking them every question that comes in this Forum... (apart from who the **** is HiFX??) and I feel confortable with their answers.
I am still nervious about this. But I really want to do it. They are selling out phase 1 and moving to phase 3. Shall I wait until I am sure I want to do it? Or should I go ahead now?? Please, someone with positive attitude.
R
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Hi River;
You have to ask your self, if you are willing to take the risk with 9k, i asked myself and went ahead and reserved a plot there.
To be honest, it's not the best of areas, but i have checked with some brazilian friends, and they told me that the area is beautiful, so i am betting on the development to kick off the area there.
I checked all legal papers, and used an independant lawyer, and everything they said so far seems to be true.
It's reasonably priced compared to turtle bay, but again it's all about the Location, but to be honest, i think there is money to be made there, especially if you build on your land.
Banana residence was a perfect example, that it's not all about the location when it comes to making money, to look for a life style is something different!
Cheers