I was walking around a property show in Earl's Court at the weekend and discovered so much about overseas property, I just HAVE to let you know about it.
Often you hear people say, "You have to invest in this country" or "now is the time to put your money into that country", but there are a few steps before that. For example, you need to know what you want. This really is the meaning of life, the universe and certainly your investments. For example, are you a lifestyle investor who wants a home they can use now and again in the sun? Or are you a serious investor who just wants to know where you can make money?
This is what I learned: Look for high growth or high rental; low risk; know your exit strategy; follow what the smart money is doing; ensure that your money is somewhere you can get at it (like an escrow account) in case the company you invest in goes belly up; look for finance and gearing, which is of course what makes the property market so wonderful.
Listening to the experts, it seems that emerging markets are the ones that you haven't heard about for investing purposes, but if you have heard about them then they are no longer emerging. If countries are about to join the EU, like Romania, then they are emerged, but still have a lot of growth (and risk) left in them; if they have just joined the EU, then there is more stability and therefore less risk, but also less growth. Countries like Spain and US are mature markets.
My friend Alex, a Romanian property expert was part of a panel at the show. I invested with him in some Romanian land last year and my investment is up 46%. Not bad. But now we are looking for countries that have just joined the EU for more stable growth, for example, Prague in the Czech Republic, where some big named companies are settling.
Having said all that I saw my friend Rod who had a stand at the show. He speaks as a UK property expert at my Wealth Workouts and he told me of a property deal in UK he had invested in himself. It didn't take me too long to get my cheque book out and invest in the same deal. A £125,000 2 bed 2 bathroom appartment cost me £5,000. This is virtually no money down, which is something Rod specialises in.On leaving the show I saw two friends and told them what I had done. They went back inside and bought aswell. I invest in people, and Rod is the kind of person you want to invest with.
So I went to the show to find out about overseas property, and bought a house in UK.
If you want to know more about land in Romania, property in Czech Republic, property in Cyprus, no money down deals in UK, or just want to know more information in general, just email me your details to coach@investment-mastery.com and I will be in touch.
Until next week
Marcus de Maria
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