[getdoon_weebobby]

http://www.realworld...t/ddl/ddl2.html

The Domaine de Lavagnac is our most exciting investment opportunity to date. It combines luxury homes with modern architecture; an 18 Hole Championship Golf Course & Clubhouse and a luxurious 1000m2 Spa.

The Deal Explained

International Golf & Spa Resort in the South of France
5 Star Hotel within in a 400 Year Old French Châteaux
Own a 2 to 3 Bedroom Property from Only €20,000 Outlay
7% Guaranteed Annual Income for 25 years
Receive 7% Annual Interest on Deposit During Construction
19.6% VAT (TVA) Paid by the Developer
All Purchase & Closing Cost Paid by Developer (Saving in excess of €21,000)

[righttoleech]

I recommend the developer approaches a psychiatrist for help. These incentives seem MAD, MAD, MAD. The poor devils will self destruct on their philanthropy. As an investor seeking a lifestyle choice I feel obliged to let this one slip away. It would be wrong to take advantage.

[Smog]

The phrases "Nothing else to pay for 25 years" and "95% French Motgages available" seem a bit inconsistent.

I suppose what they are saying is that you take out a mortgage yourself for the remaining sum (if 20,000 is 5% then 380,000 euros) and the rental income will cover the mortgage plus a return of 7%.

Seems a "little" expensive for 2/3 bedroom appartments and if it all goes tits up you're down the shitter.

There can't still be mugs out there falling for this crap can there ?

[Red Kharma]

getdoon_weebobby, on May 19 2009, 10:23 AM, said:

http://www.realworld...t/ddl/ddl2.html

The Domaine de Lavagnac is our most exciting investment opportunity to date. It combines luxury homes with modern architecture; an 18 Hole Championship Golf Course & Clubhouse and a luxurious 1000m2 Spa.

The Deal Explained

International Golf & Spa Resort in the South of France
5 Star Hotel within in a 400 Year Old French Châteaux
Own a 2 to 3 Bedroom Property from Only €20,000 Outlay
7% Guaranteed Annual Income for 25 years
Receive 7% Annual Interest on Deposit During Construction
19.6% VAT (TVA) Paid by the Developer
All Purchase & Closing Cost Paid by Developer (Saving in excess of €21,000)

What if the luxury property you're buying for 400k Euros with a 380k Euro mtge is only worth £100k?

What if you don't get a 7% gteed rental income? (as if!)

What if the company goes bust with your 20k deposit or before you've had your 25 yrs worth of annual income?

Remember, there's never a shortage of suckers waiting to be parted from their money......

[Agentimmo]

And don't forget the service charges they will charge for 25yrs that you won't be able to escape
How much are "residents" going to have to pay for the upkeep of such a quality development, including a golf course ? Seen this so many times before. They will rip off the customer with charges.
And if you think 400K euros is fine for a 2 bed in the middle of nowhere then fill yer boots