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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