Thread: Oh What to do!
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Old 20-05-2008, 02:02 PM
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LisaNic LisaNic is offline
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Hi Andrew

With that kind of posting you will have an influx of responses from agents promoting many different options ot you. You will end up totally confused as you will get suggestions to invest in all the far flung corners of the globe from Egypt, Turkey, Bulgaria, Morocco, Brazil, Panama, The Caribbean to name but a few.

What you need to do is weigh up all your options and look at your investment strategy. What is the reason for investing, do you just want profit? Do you want something with yield potential? Are you looking at Capital Growth, are you looking for second home or holiday home?

What ever you decide on ,you need to make sure you have a clear exit strategy. Who is your end user going to be? Who will buy it off you in years to come? If you cant work this out then dont buy it! Its that simple.

Do you need finance? If so look very carefully because some of the finance packages available only offer as low as 40% and very high interest rates, if they are offered at all. For many of the overseas desitinations, finance is just not available to non residents.

My suggestion to you is do your research. Many investors on here have invested in many countries and have done it sucessfully. Choose a good Agent with a good reputation. Again ask around on the forum. I am sure a number of the investors here can point you in the right direction. Ask them which agents they used and whether they were satisfied?

Dont make any hasty decisions and dont part with your cash until you are completely satisfied.

Good luck.

Lisa
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