Hi,

The deal is at the Punta Perla Resort in Dominican Republic - normally 8% for 5 years - but they have a client who urgently needs to pull out of two 2 bedroom apartments ($425.000 each) and a two bedroom bungalow on Star Island ($1.100.000). The developer wants these sold quickley and is offering 10.70% for a ten year period. Deposits of almost 50% are required.

Please email andy.kelleher@mixmail for more information

Thanks,

Andy

how much!? Ill give 10 quid...

A tenner? Maybe there´s somebody out there who wants to make more than 10% of a tenner every year.

Moose - try one of those Eastern Europe "emerging markets". There´s always an agent out there happy to take a tenner.

Good luck buddy

Is this is a joke??

The prices in Florida are 50% down for prime location. In Dominican Republic the discount should be at least 60% in order to be worth thinking about.

I got some offer in Turks and Caicos for 70% reduction as compared to the 2005 prices...

Do these guys follow the evolution of real estate prices????

I smell desperation in the air.....

Can I add this one to the mix,

Villa Del Mar, Samana Bay,Dominican Republic.

Launch this week

200 plots in total and build

Phase1 plots 1 - 100
1st 33 plots = $52k

2nd 33 plots = $54.6k

3rd 34 plots = $57,330



Phase 2 plots 101 – 200
1st 25 plots $80k

2nd 25 plots $84k

3rd 25 plots $88.2k

4th 25 plots $92.3k



Plots must be purchased in full. Then a 10% deposit paid to secure the villa. Therefore total outlay for the client will be plot price + 10% of the villa price.

Mortgages are available for the remaining 90%. Interest rates currently 5.5% through First Caribbean (part of Barclays). Status mortgages.

Therefore the cheapest plot ($52K) plus 10% of a villa ($143,750 villa price) deposit of ($52k+$14,375= $66,375 – approx £33,187.50)

Build time quotes as 1 year approx.

USPs



10% g rental for 2 years (payable 1 year in arrears)

Gated community with 24 hour security

20 berth marina with restaurant, beach club and pool

Fitness and Spa

Medical centre and Supermarket

4 styles if villas

115 sq m = $143,750
122 sq m = $152,500
126 sq m = $157,500
150 sq m = $187,500
6 months to build your villa from plot purchase

Once the villa is built a 10% guaranteed rental for 2 years and then afterwards a 50/50 split with the management company for the following years.

3% closing costs – paid by the developer

Has anybody come across this one, can't seem to find anymore info other than that supplied by agent.

any news good or bad is most welcomed.

Mozo

It is a well known fact, that initial purchase price of any property is vastly inflated,when it is being sold with rental guarentees.In effect you are paying your own "rental returns "up front.

If it is the rental guarentee that is attracting you to the property,ask how attractive your property will be to a potential buyer once the rental guarentee period is finished.

Ask yourself one question....If the property is that good,why do they need to offer Rental guarentees to sell it ?

Still posting speling misstakes...Now I'll stop

Catara! Yet to see a positive post from you about any investment! Do you have a life beyond criticising other peoples threads? I have not got the time (or the inclination) to go through all your postings, but imagine you have dissapproved of any country or investment that might actually generate a real profit. I very much doubt if you would recoginse a good investment if it bit you on the ar5e!

As for Panamajack - why does "everybody" claim that Panama is this years "fashion", yet nobody wants to buy there? Seen you disapproving of Morocco, yet fail to see what alternative you can offer (really!). The bus has gone in Panama. The bandwagon is rolling along the street, and anybody who jumps on it now is on a long, slow ride to nowhere. You´re as guilty as all the rest of jacking up prices beyond an exit strategy - well at least I´ve found a genuine investment opportunity.

Boys/Girls - if you can´t afford it, you cant have it. I don´t waste my time posting adverts all over the internet. I source good investment opportunities and let people know about them rather than keep them to myself. No doubt Catara will be back on here with some septic rebuke, but this opportunity is good - is very good. If you can´t see that, that´s your problem chaps - not mine!

Thank you. I´ve had my rant.

Andy

How can you compare Panama and Dominican Republic???

Panama is a democratic country where the property right is recognised. Dominican Republic is not such a country.

The Americans retirees move to Panama and not to Dominican Republic.

People that bought in Dominican Republic are tryong to dump their properties as they are losing value. The ones in Panama will still be OK.

I forgot to ask, do you actually know where Panama and Dominican Republic are located and what political regimes they have?? I am sure you have no idea.

Ho hum. this forum isn't for posting ads, try reading the forum rules! Your a newbie, you have joined a forum, your breaking the site rules... expect to be slated. Stop wasting your own time posting ads here, were not interested, if you want to discuss property prices or investment in general please stay, but you need to refrain from spamming. We don't want any ads sourced from anywhere thank you, this isn't ITV!

http://www.housepricecrash.co.uk/forum/ind...?act=boardrules

"Fair cop guv". Been nicked by the Forum police.

Rule 1. Never post any solid investment opportunities that might benefit the subscribers of this forum.

Going to pack my saffron robes and head off to Burma. I hear they are more understanding there.

Oh - before I go. Yes Catara, I used to collect stamps too. American retirees used to move to Panama when they could borrow money from American banks. Now they can´t. Fortunately, Canadians (who don´t default on their loans quite so often), still regard the Dominican Republic as a nº 1 holiday destination.

Adios

Andy,Andy,Andy,Calm down,calm down,

I am not having a pop at Morocco,and I don't think I ever have.In actual fact I almost bought there 3 years ago.I was saying that ,in my opinion,and I may be totally wrong, I just think that Morocco will be a long term investment.I cannot see it taking off as a major player,until most of the 5 star facilities are up and running,that's all.As for offering alternatives,have you not noticed my recent posts on North Cyprus.I think it offers superb opportunities.

As for Panama,I bought there 3 years ago and it has been a fantastic invesrtment.I have no intention of selling up,because,I recon Panama is only 20% down growth line.The next 15 years holds fantastic opportunities for those who want to invest now.Again,I have not been posting trying to talk up prices etc.What are you referring too???Research Panama and make up your own mind.

Just be carefull when considering property investments that offer guaranteed rental returns.In most cases you have paid for rental returns in the buying price...

Jim

Andy2k. Are you still with Property Showrooms or have you moved on?

Hi Soup,

Been working as an independent since August. Still in touch with the guys at Property Showrooms and there may be a couple of opportunities for us to work together in the future.

Andy

[Spam removed by moderator]

Andy why are agents so keen to promote new developments but then not remotely interested in resales?

Can make them appear contradictary - yesterday the new development was the greatest opportunity in ages, where many of the agents clients have bought mutiple units to flip next year, but then when next year comes the agents have not the remotest interest in re - sales so all that enthusiasm was hollow words alone.

And before anyone asks, no I'm not reselling Saidia, my question above was spurred on by hearing tales from other folk.

Hi DB,

Wow! Haven´t done this for a while, but here´s your answers.........

First of all, agents want to sell the item that offers them the greatest commission. Some agents get as much as 15% from some new developments (This isn´t the norm, but I´m making a point). A client would never dream of paying that, because after the CGT, their investments are non-profit making.

Secondly, what you (or the investor) is trying to sell was last years "fashion". Whether it´s Saidia, Bulgaria or Cape Verde, and irrespective of what a good deal is still on offer to second wave investors, these investors want subsidised inspection trips, and there´s simply not enough profit in it for the agent to warrant this (and it´s a one-off investment, whereas in Saidia, for example, most agents have got contracts with all the developers and there is a huge range of choice).

There are also several other issues which make the sale difficult. When a selling client has paid (say) 30% of the purchase price and wants to take his profit on a contract resale, the new purchaser might have to put up (say) 50% of the revised asking price.

And then there is client greed. They see the developer of their project asking 40.000 more for an adjoining propertyand assume they can get it themselves.

Where the agent should make the effort is by explaining to the second wave investor the truth in why the contract is back on the market, but as one of those ex-telemarketers who did actually resell a contract for an investor and then never saw a penny of commission, you lose a little bit of faith in the concept of customer care and returning business.

Agents are no angels (!), but it´s six of one, half a dozen of the other in my opinion.

I´m happy (as an agent now) to promote anybodys contract resale, but there has to be an investment angle in it for the new purchaser, and a clean line to purchase - ie if you are selling the product YOU provide all the due diligence, floor plans, building licences, details of moneys paid and required etc. You are an experienced investor DB, but many would not know where to start, and I´m not a charity!

Happy for you to pass my name on to anybody who feels they are not getting a proper service from their agent, and let me know if I can be of any further help

Andy

All of that makes perfect sense Andy, however it still does'nt sit well when my agent for example used lines including "we reckon on 25% appreciation this year, many of my clients will simply flip next year, some of them bought 10 units with this in mind" and "I have a client who's bought untis all over the wolrd in the last few months" - as if to imply the guy is smart and others should follow that lead (otherwise why mention it). Can you imagine that investor trying to re - sell all the units accross the globe after 1 year - impossible.

But the agent then cant back up mthese claims and knows full well resale will be difficult for all the reasons you give!

I think we would all rather deal with honest agents that tell us how it is up front and that resales are pretty much out of the question. In the end such an agent will do more business not less, as people will trust them and are more likely to make referrals.

Good points DB, and a scourge that has blighted genuine real estate agents for over a decade. Possibly when Spain first took off, returns of 25% were the norm, but as you and I know it rarely happens anymore. Furthermore, what the agent isn´t telling you is what the net gain is. In many cases where property has actually appreciated 25% and has a resale value (applies to the best located properties only), closing costs when initially purchasing the property and taxes/fees when selling it, negate the profit.

There are clients who buy 10, or even 50 units at a time, but these are extremely rare, and I have only seen it happen twice in my professional lifetime. What the agent isn´t telling you is that he had to take such a big cut in commission, that he would have been better off allocating the time spent on brokering this deal to a couple of his regular clients, and would have made more money!

Your final point about clients buying multiple properties "all over the world" does happen more frequently than you would probably believe. If a client has £100.000 and wants a mixed bag of investments, it´s possible to have 4 or 5 investments in different continents which will all perform to a degree, and one of them will perform spectacularly. This is more by luck than judgement on the agents behalf, but he (or I) will concentrate on the one that performed spectacularly to all his future clients, rather than the moderately performing investments.

I would like to believe that irresponsible agents can no longer get away with "blagging" clients because of the volume of information that is available on the internet and forums such as this. I hope that the future would see agents offering justifiable investments with a transparency not so commonly seen in the last 5 years, and also clients who will accept that 25% net gains and 20% rental yields are just ridiculous requests.