EUR 60,000 to invest

[Chris in Spain]

Originally Posted by BrianC

From an inheritance I have the above sum to invest.

I am looking for an investment where I have a fair chance of doubling this in a 5-6 year period and am fully aware that this will come with an element of risk.

I am not looking for a lifestyle property or somewhere to retire to and frankly I´d be very wary of any place that was promising 30%+ growth per year.

Ideally I´d like to buy outright and have the property let and managed with minimal input from me.

Suggestions?

You should consider carefully the location of your investment. Easy and economical access to your property is a consideration, even if you have engaged property managers. I am resident in Spain and active in the construction and property industries. At the moment the Costa del Sol is throwing up some superb investment opportuities, although you would need to borrow to acquire. Our organisation is acting for several distressed sales e.g. Fuengirola 2bed/2bath luxury penthouses, fully furnished e150,000 requiring only e10,000 deposit. In Almeria the same, at e200,000 with up to 100% mortgages available. All these come with a 3/5 year letting agreement with owner use for 30/60 days a year. Inland Andalucia does have properties for outright purchase for the sum you have mentioned, although most would require some sort of update/reform. Hope this helps Chris.

[rowlandsbb]

A lot of offers about but all marketing offers are reflected in the price.....100% mortgages in a world of a credit crunch does raise a few questions!!!!.....guaranteed rentals the same....just look what is happening to inner city flats with same in UK!!

At times lilke this better to play safe and look for good location

with £60,000 to play with in Spain you will not get very much which is good quality....better to say get a 50% mortgage and there are still some good terms available

Buying and having rental managed for you and giving you a good return is , in general, not available, whatever some agents may say!
If you are buying for a bit of life style use and want a medium to long term return ] [part capital growth and some rental] then Spain is as good as anywhere but only in the good locations[ for best lets close to golf, beach bars etc]

But you have to handle the rentals yourself.....bit of work but can be done

A realistic approach !!

[bloss]

hi

do u have an email where i can send you details about this concern of yours? i may be of help

thanks in advance & hope to hear from you soon

[willy01]

Originally Posted by The Soup Dragon

Hi Investy. Last time I looked Churchill Overseas were offering circa 50% net over 3 years with the Yorkshire BS.

I think I've come accross another in the past through TheMoveChannel, though didn't look into it.

Know Goldberg Global have some guaranteed return offerings, but I don't know if your money would sit in a bank account as described in (1) further up or would be more like description in (2.)

Would this be in Disney land? can you send me the link!

[bloss]

Originally Posted by Investy

Soup, can you give any names of companies offering the high rate savings accounts as in your first option above?

Many thanks

hi investy :-)

i know a company that offers this. send me your email address so i can be of help. thanks

[Goldberg Global]

Hi we have some good things, please be in touch if you wish to go through them. Kindest regards D

[VERGIS92]

Originally Posted by BrianC

From an inheritance I have the above sum to invest.

I am looking for an investment where I have a fair chance of doubling this in a 5-6 year period and am fully aware that this will come with an element of risk.

I am not looking for a lifestyle property or somewhere to retire to and frankly I´d be very wary of any place that was promising 30%+ growth per year.

Ideally I´d like to buy outright and have the property let and managed with minimal input from me.

Suggestions?

Dear Brian

I work in sales in Greece/Crete here the market offers around 9% annual growth
on average, yet there' s misleading commercials about 20 or 30% like you said,
but thats short lived or unrealistic, the fact is 9% , long holiday season,
winter rental is possible too, and if you are smart enough to get the right mortgage (euros or swiss frank based) you can invest 60K with a certified , serious constructor that will also manage renting your property,

I'm not sure if you can double your capital in 7 years, it depends on your
accountant skills and the whole tax planning process, but if you plan it right
it maybe possible, reducing tax liability, getting cheapest mortgage etc.

in case you want to enquire about Crete please feel free to email me
info@varan-services.net I'm a salesman but I 'm impartial in my advice
and I can tell you the pros and cons of this country

[Magellan]

You can find OK farms in a close to habitable condition in Central Portugal for that amount - just a thought

[VERGIS92]

From what you are saying you sound like a conservative investor who wants
to put in the minimum amount in a 'hands off' automated investment.....


Unfortunately it doesn't work like that, If I were you I'd pick any country
based on tax regime and finance facilities, that's my first critirion.

Then go to that country search for a hotspot area and choose/build a property
preferable go for an off plan house, that's immediately a huge 20% or more
below market value!

You have to borrow from the bank it's the only way to get big funds, and achieve
leverage in your investment and make serious money,
No finance means no leverage!

The objective in investing is to make money on others peoples money,
it's usually the shareholders money or the banks loans, are we smarter
than those investors and can beat their methods? I don't hink so!

[VERGIS92]

I think your best bet is off plan property,

you can invest in the UK, do you live close?


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