[wild rover]

World Capital Partners are promoting a scheme under which you can pay a 10% deposit with a guaranteed buy back when the development is complete in c18 months time. you have the option of either competing the purchase, or having the deposit refunded + any capital growth up to 80% of deposit value. see www.worldcapitalpartners.co.uk Their track record and credentials look impressive, but i would like to know if anyone has experience of WCP and this type of scheme.

[Its time to buy]

Flashy website....

no idea on them

but let us know how you get along if you go for it

[kjr42]

i have spoken to the company, and it sounds too good to be true, i was told a 70% ROI after the build period.
if they deliver then i would be tempted, like you i need more info
i am looking to invest in 3 or 4 regions and not sure if the USA is a good option?

still looking and collecting info. have jsut paid for an apartment in bulgaria by 3 golf courses near Varna, this seems to be a good investment?

[prop77]

I have tried to get details of how exactly are their guarantees structured... this was about 5-6 months ago. They kept calling me a few times but not once were able to explain the details. Which shows how safe their guarantees are probably... The second reason I wouldnt touch it myself (not saying don't do it though) is the Vegas prices have been collapsing recently, and developers are having a hard time to sell stuff. No wonder after the city has seen 50% growth p.a. 2 years ago. Now the investors have left... and not many others to buy at too high prices.

[The Soup Dragon]

I've also heard that property prices in Las Vegas are taking a hammering right now. Wouldn't be interested in the area unless prices fell substantially.

[catara]

kjr42, on Oct 4 2006, 07:19 PM, said:

i am looking to invest in 3 or 4 regions and not sure if the USA is a good option?
still looking and collecting info. have jsut paid for an apartment in bulgaria by 3 golf courses near Varna, this seems to be a good investment?

Buying in USA now is like catching a falling knife.

Varna is a dead area too.

[prop77]

catara, on Oct 5 2006, 06:05 PM, said:

Buying in USA now is like catching a falling knife.

Varna is a dead area too.

Note necessarily. The US is not one market, and many areas offer very high yields and very
little risk of falling prices. USA is not just Florida, Vegas, etc. Most UK buyers focus on holiday
lets in the US and never consider regular local residential areas. These (in many different states)
offer very good investment potential, and many US investors are making good money there.
Yields are higher than anywhere in Europe...

[Pablo-silver or lead?]

The USA is not one market. But all markets in the USA are either falling or about to fall. Calafornia, Florida, Vegas are going down 30% at least. nothing the Fed can now do to prevent this (even if they wanted to).

Why buy in a falling market?

Pablo Silver or Lead?

[The wise one]

I've been considering investing in Las Vegas too. After all it is the fastest growing city in the States.

An interesting article came out in USA Today recently. Check out:

http://www.usatoday....-12-vegas_x.htm

After reading that I am tempted to dip my toes in.

[Splat The Cat]

Hi
I have recently come across this Company. Have any of you decided to invest with them, and if so, in what development? If you decided against, what were your reasons for doing so? Even better, has anyone invested with them in the past and opted out?
I would love to hear your views!
Thanks.

[Splat The Cat]

Forgot to tick the box so I get notified if anyone replies!

[The Soup Dragon]

They were in touch with me two or three months ago regarding a development in Vegas. Like prop77, I tried to get an explanation of how they could offer what they were offering. The sales person tried explaining. I asked plenty of questions to try understand how things worked for all parties. Despite my probing, the answers were confusing and what I could understand didn't convince me that guarantee was good. Ofcourse, its possible I've not been on the ball and failed to understand what was being offered. My view of where Vegas prices are going is negative, so even if I had understood the offering I would not have taken up this offer. If I could understand their offer / how they can make it then I might consider an investment elsewhere with them in the future. If the mechanics of how they can offer what they offer stacks up then it certainly sounds like an affordable way to create a greater spread in portfolios.

[shabir]

Splat The Cat, on Mar 24 2007, 10:45 PM, said:

Forgot to tick the box so I get notified if anyone replies!

I have studied this deal and have been taken in by the info. I have been mulling it over for the past 5 months and have decided to take the plunge. What I understand is that they will not pay any return until December 2008. Then there is an option of getting your deposit back, plus the rise in value upto 70%. If there is no rise in value, you get your deposit back at least. In the meantime, they have had use of your money for nearly 18 months.
It all depends on the market at the time. I am not sure who does the valuations for these people, for they say they are done independently. How independent are these indedpendent valuations. No one knows for sure.

[Pablo-silver or lead?]

See notes 1 and 5 below.

When dealing with third party/middlemen/sales agents or direct with the Developer
It’s

Caveat Emptor

A few basic rules to remember when investing in property abroad:-

1. At least take the same level of care and caution when buying property in a foreign country as you would in the UK (i.e. employ a subject mater expert lawyer to advise/act on your behalf, as opposed to one recommended by a vested interest (VI), or rely on a commissioned sales person).

2. Take everything people with a VI’s (i.e. developer/sales agents or a lawyer recommended by them) say with a large pinch of salt and test their statements against factual/market reality, do your own due diligence (DD).

3. If the price/deal seems too good to be true it usually is. In fact focus on ‘value’ and the opportunity for it to increase, be added to and realised. Don’t fall into the common trap of comparing a property investment abroad with UK prices, as it is meaningless in assessing ‘value’.

4. Always take into account the cost of buying and selling when doing your DD. In places like Spain and the US these can be high and erode your profit or increase your loss. Also gain a detailed/realistic budget of the running costs of the property and taxes you will incur as an absentee owner. Investment properties abroad always cost more to own/run and generate lower income than budgeted for.

5. Never pay over your deposit unless you have a bona fide Bank Guarantee or it’s held in escrow. To pay the deposit into the developers/sales agents cash flow is to invite disaster, let other mugs do this and move on.

6. Take time to research what drives the market locally (both historically and currently) e.g. Take Florida as an example: Average annual property price rises in Florida historically being 3 to 4 % per annum and with 2004/05 being circa 15% and 27% respectively, and with interest rates being raised every month it was ‘buyer beware time’. Remember fundamentals need to underpin the market and locals/local economics can’t afford the prices wet back Brits seem willing to pay. There won’t always be a 'greater fool' to off load to.

7. Never believe that your property has gone up just because the developer is charging new buyers ‘fresh off the plane’ a higher price than you paid six months or so earlier. Resale’s abroad (especially where there’s overdevelopment and/or, a none existent/weak resale market), do not command ‘new property premiums’ and can take years to sell if incorrectly priced. Bulgaria is a classic example of where Brits have paid £50k for 2 bed apartments and think they’ve made £10k profit because the developer is selling the next phase at £60k, only to find they can’t even find a resale buyer at their original purchases price. Many also made the mistake of taking the developers advice to buy two units, one to keep and one to sell at a profit!!

8. Buying a property abroad is not a ‘passive’ investment; you’re starting a business the main asset of which in hundreds or in Florida’s/Caribbean’s case thousands of miles away.

Buyer beware!

Pablo Silver or Lead?

[Its time to buy]

http://jobsearch.mon...t...ort=rv&vw=d

they are hiring.

Sales ExecutiveUK-London-The City
Apply Online
OTE GBP 80,000+ per year
Need highly motivated, professional and well-spoken individuals

The Position:

Actively promote and sell all the services of the business to prospective clients over the phone.

Maintain client relationships and client contact database management system.

Merge with existing high performance team.


Contact name: Barry

Direct Dial: 0207 623 8529

Email address: info@worldcapitalpartners.co.uk

Fax: 0870 351 0111

Website: worldcapitalpartners.co.uk


The Company: World Capital Partners Ltd is a London based property development company and part of a fully integrated international property group.



so how are the people who put money into this a year ago?