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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)
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Domaine De Lavagnac
whats the catch?
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#1
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Posted 19 May 2009 - 09:23 AM
“The problem with socialism is that you eventually run out of other people’s money.”
Margaret Thatcher
'The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption, can you believe that grown-ups would say something like that? It's mind-boggling to me that people who are supposedly educated really believe this, and they seem to'
Jim Rogers
Margaret Thatcher
'The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption, can you believe that grown-ups would say something like that? It's mind-boggling to me that people who are supposedly educated really believe this, and they seem to'
Jim Rogers
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#2
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Posted 19 May 2009 - 09:52 AM
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.
#3
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Posted 19 May 2009 - 11:18 AM
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 ?
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 ?
#4
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Posted 19 May 2009 - 03:51 PM
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)
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......
"It's the levels, stupid!" - Mervyn King, 12th August 2009
"It's the discontractionary deflatabubbles, stupid!" - Red Karma 2009
WTIC oil will likely trade at $25-30 before it trades at $200 - Red Karma, 6th September 2009.
Stop worrying about China's $700bn reserves - Mervyn printed half that in 6 months
We need fiscal rectitude. We've got rectal fistitude
We have now entered the Great Rebalancing (Western Debt 'Jubilee') 2007-201?
Red Karma's Law "Bad debt drives out good"
"It's the discontractionary deflatabubbles, stupid!" - Red Karma 2009
WTIC oil will likely trade at $25-30 before it trades at $200 - Red Karma, 6th September 2009.
Stop worrying about China's $700bn reserves - Mervyn printed half that in 6 months
We need fiscal rectitude. We've got rectal fistitude
We have now entered the Great Rebalancing (Western Debt 'Jubilee') 2007-201?
Red Karma's Law "Bad debt drives out good"
#5
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Posted 21 May 2009 - 02:32 PM
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
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
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