Real Estate International - Help needed

[deedee1]

Hi all,

We currently have one of the most interesting and informative brazil forum on this site- Please help to keep it that way!!!

We are all entitled to our own opinions and views on different things- We dont have to like eachother or agree with everyones comments but we shopuld respect eachothers rights to freedom or speech and participation in this forum!!!

Ok a few quick views of my own:

IF SOMETHING SEEMS TOO GOOD TO BE TRUE THEN IT ALWAYS IS!!

SECONDLY BRAZIL IS A HUGE COUNTRY SO PICK YOUR AREAS FOR INVESTMENT VERY WISELY!!

MAKE A SHORTLIST FIRST OF YOUR REQUIREMENTS and what your looking for primarily- i.e beachfront, ammenities, facilities, travel, airport location etc!!!

DONOT BELIEVE EVERYTHING YOUR TOLD- DO YOUR OWN RESEARCH BEFORE HAND ALSO!

MAKE SURE THAT BEFORE YOU BUY YOU ARE COMFORTABLE AND CONFIDENT WITH THE PURCHASE- AS IF YOUR NOT THEN YOU WILL HAVE MANY SLEEPLESS NIGHTS AND IT WILL BE MENTAL TORTURE AND NOT GOOD FOR YOYUR HEALTH!

Everyone is different and what may suit and appeal to some maynot appeal to others- But that does not mean that they are WRONG!!!

Take care all
Keep posting

Love thy neighbour

Thanx-D

[ady1231]

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

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

[silver1]

Originally Posted by Raimundo

Mr. Adams (silver1)

Frankly, with your grammer, or lack there of, indicates you might be another scammer/fake in Brazil, and so what's new?

...or might you be Brazilian? That said, instead of bashing Ralph, why don't you take your shaggy a*s and enroll yourself in a good english school in Recife and hone down those grammer skills, and before you continue to smack off at the mouth, check yourself, don't deck yourself....but I guess you're a little late for the party.

Bryan, Ralph's 192 post count and your 10, sums it all up in my eyes, and Ralph is giving us an unbiased viewpoint. Do you copy? 10-4 good buddy?

-Good Day

Ok so i posted it at 12am my time, i was tired, and maybe I didn’t grammar check my post, but come on, this is not a test or we are not in school, I did sign it respectfully so i thought that was sufficient. So my apologies if any mistakes offended you. The point was that it needs to be an unbiased opinion; I see that this person has a project and i think persons with a business interest should maybe keep their opinions of other projects out of the forum. Ralph obviously has experience in Brazil, but words like "Gringo" and "Ripped off" and talk of "Ronnie Biggs" is just too much. All i expect is honest answers and I try to keep personal opinions to a minimum, we all have good and bad experiences worldwide so if it is a must to talk about it then ok. RealEst International seems totally transparent, i have had many years of business experience and I can spot shady dealings, anyway for what its worth if I offended anyone i apologize. HIFX is the UK biggest International Currency Exchange Company. My funds are being sent through HIFX with my name and a private Purchase Contract attached to the wire transfer so the lawyer can show exactly what the funds are for. So this keeps the Banco Central Brazil happy. I tell you what would be a good idea is for someone from Realest International to post the entire buying procedure and all legal info! That way it would satisfy all readers silence the negative side of anyone reading this, I can’t keep putting all these emails on this as it is affecting my normal day!! I will send an email to the company today. Anyone taking the time to write on this site needs a thanks you i feel, so i will carry on with my plan to buy and if i find anything that i think should be discussed i will post it but i think i will take a break for a while now. And for anyone interested i am not Brazilian nor American nor English i am from Ireland! So cheers everyone!

[RalphJ]

Originally Posted by silver1

,

You know what AGENTS or DEVELOPERS should be banned from this, the things i have read, you say a lot of things based on you attempting to trash other peoples projects!

Please AGENTS and DEVELOPERES leave this forum to the non INVOLVED people, or add comments but not intended to discredit what we have paid for! Its just not nice and why? It is so transparent what your attempting to do. I am sure you have plenty of developer type things you should be doing instead. Respectfully. Bryan Adams.

Sorry Bryan, but naturally when someone states that agents and developers should be banned from this forum that's simply absurd. And especially when there are those handful that are simply giving good advice. That have been around the block here for years and years. And are simply giving warnings on what to look out for so you don't get either scammed or make your investment incorrectly.

Originally Posted by ady1231

And Ralph, you know what, i will be very careful of buying from you as well, because you are trying to show us that you are the only one who knows in which development should we invest ! I am sick of this,

You're sick? Imagine how I feel!!! Nearly every other day over the last several months I have either been contacted by someone that has been giving incorrect information in respect to how they needed to invest or bought a bill of goods that was different than what they agreed upon. Numerous of them, talking about dozens, either have already entered the court system here in Brazil, I have power of attorney's and am representing several of them, or they're ready to enter the courts. And let me tell you, from experience, the court system in Brazil is S-L-O-W. I'm talking normally 2 years to settle a simple court case and even then, if you win and the other side contests the decision to the next court, it can take an additional 5 years!!

And never have I attempted to discredit anyone with the exception of known criminals and fugitives from the law here in Brazil, as well as those that have a history of screwing foreign investors out of MILLIONS of pounds! And I certainly have never stated that only I and my company know the correct way and are the only honest people here in Brazil. Besides of being the managing partner in a development company I also am partner in a consulting company in respect to investing in Brazil. It doesn't matter to me if people don't invest with me, but it does matter to me that people invest the correct way and also are delivered the product that they agreed to purchase.

[RalphJ]

And as far as my mention of Ronnie Biggs that was to illustrate that Brazil is a dangerous place. People need to open their eyes and realize that Brazil, unfortunately, is a place that all kinds of criminals, and even fugitives from the law in other countries, gravitate towards. "Caveat Emptor" naturally applies to anywhere in the world....but ESPECIALLY here in Brazil!!

And when investors do invest with me I wholeheartedly and 100% recommend that they get an INDEPENDANT lawyer to verify their investment is sound.

[ady1231]

Originally Posted by RalphJ

And as far as my mention of Ronnie Biggs that was to illustrate that Brazil is a dangerous place. People need to open their eyes and realize that Brazil, unfortunately, is a place that all kinds of criminals, and even fugitives from the law in other countries, gravitate towards. "Caveat Emptor" naturally applies to anywhere in the world....but ESPECIALLY here in Brazil!!

And when investors do invest with me I wholeheartedly and 100% recommend that they get an INDEPENDANT lawyer to verify their investment is sound.

Ralph;

To but things straight here, maybe you shouldn't be selling in Brazil, after all, i never heared anything positive from you, and btw do u recommend turtle bay because you sell it? Never heared of HiFx, well you lost it there mate sorry!

[JMBroad]

Originally Posted by ady1231

Ralph;

To but things straight here, maybe you shouldn't be selling in Brazil, after all, i never heared anything positive from you, and btw do u recommend turtle bay because you sell it? Never heared of HiFx, well you lost it there mate sorry!

Ralph is an American I think, which might be why he's never heard of HiFx - not sure how big they are over there, but doubt they are as well known as in Europe.

[robh]

Silver,

As for your money being registered with the Banco Centro in your name, that won't be a problem as HIFX will send the money in your name from their trust account (Brazil isn't the only country with requirements like the Banco Centro).

BUT I am not sure why HIFX would be involved in this transaction as HIFX don't do transfers in Reals and they won't save you any money in transfer/exchange fees. I am not saying anything bad about HIFX as I have dealt with them many a time without problem, but it just seems like there is an extra step for no other reason than using their name.

Regards,
Rob.

Originally Posted by silver1

Ok so i posted it at 12am my time, i was tired, and maybe I didn’t grammar check my post, but come on, this is not a test or we are not in school, I did sign it respectfully so i thought that was sufficient. So my apologies if any mistakes offended you. The point was that it needs to be an unbiased opinion; I see that this person has a project and i think persons with a business interest should maybe keep their opinions of other projects out of the forum. Ralph obviously has experience in Brazil, but words like "Gringo" and "Ripped off" and talk of "Ronnie Biggs" is just too much. All i expect is honest answers and I try to keep personal opinions to a minimum, we all have good and bad experiences worldwide so if it is a must to talk about it then ok. RealEst International seems totally transparent, i have had many years of business experience and I can spot shady dealings, anyway for what its worth if I offended anyone i apologize. HIFX is the UK biggest International Currency Exchange Company. My funds are being sent through HIFX with my name and a private Purchase Contract attached to the wire transfer so the lawyer can show exactly what the funds are for. So this keeps the Banco Central Brazil happy. I tell you what would be a good idea is for someone from Realest International to post the entire buying procedure and all legal info! That way it would satisfy all readers silence the negative side of anyone reading this, I can’t keep putting all these emails on this as it is affecting my normal day!! I will send an email to the company today. Anyone taking the time to write on this site needs a thanks you i feel, so i will carry on with my plan to buy and if i find anything that i think should be discussed i will post it but i think i will take a break for a while now. And for anyone interested i am not Brazilian nor American nor English i am from Ireland! So cheers everyone!

[JMBroad]

David Mahoney (developer - mentioned earlier) called me at lunch today regarding the due diligence papers I mentioned I was waiting for. I've since received and reviewed them.

While I'm not lawyer, the documents which I've received all state that the development is legal and approved for use as residential units. The documents listed as necessary have been presented and overall the development looks good to me as a layman. I've forwarded them to our legal reps to check.

And before any of our more voracious forum participants come out with a snide remark as to their veracity, remember that libel is written and slander is verbal.

Considering, as I mentioned before, that the prices for plots there are substantially lower than most other developments in the area (comparison - 350 plots at 132 €/m2 in Parnamirim, Natal about 35km from the beach sold out in 4 hours), plots at CG are priced quite a bit lower than that.

It would have to be an incredibly ugly beach to justify such a huge price discrepancy - and according to PJ & Nadine Hoggert, that's not the case.

Should be pretty quick for our lawyers to confirm that all the papers are in order and nothing is missing (barring carnival) however for those of you that bought already, I think you can be more comfortable with your purchase and worry less about the negative comments as to their legality.

[michaelbush]

HIFX is the UK biggest International Currency Exchange Company. My funds are being sent through HIFX with my name and a private Purchase Contract attached to the wire transfer so the lawyer can show exactly what the funds are for. So this keeps the Banco Central Brazil happy

What currency does HIFX send - they cannot send reais, as it is not a tradeable currency, so they cannot fix a rate for you in advance of your money arriving in Brasil. It therefore does not seem to me that there is an advantage to use HIFX, as they cannot influence what rate the central ban of Brasil will give.