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November 19, 2012 - 8:44 am

85eternal wrote:

Hi all,

I'm new to this website. I done a search for looking at investing in Brazil on this forum but didnt find any answers. I recently came from a trip in south america and fell in love with the the country and people and from what I've been told and have researched it is going to emerge as a strong economy. Does anyone know if it is difficult to buy property there, the limitations and if it is a good idea to begin with?

Any input is greatly apprecaited.

Cheers!

85eternal,

I have invested in Brazil, there has been allot of dramas, and also a few ups. All in all, I have done ok, but there is allot there I can tell you first hand if you would like to ask me a question I will answer them first hand and honestly.

I too love Brazil, how can you not, sun, Caipirinhas, soccer, beach, beautiful culture and great chuhasscarias, (pretty sure that is misspelt)

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November 19, 2012 - 7:42 am

ktastrphe wrote:

I never used them for purchasing anything. I went in to have a chat to their loan broker and was shocked when she said she would charge a fee for every loan she processes, on top of her commissions. She also told me about two lemon investments she had bought in the last year or so, which didnt impress me seeing as she worked at a property investment company.

Having said that, I have been to one of Damian's seminars and he seemed pretty genuine and knows his stuff. Some of his case studies were impressive, and he did say there are projects where you just have to cut your losses some times. The company seems professional and Im sure you would get as high a level of service from them as any other place.

Worth heading in and having a chat with them if you haven't already.

That Loan Broker you mentioned, sounds like the one I use.

She has told me about the dud she bought too, but I like her honesty, we are only human and know one on this forum has not bought a dud before, surely.

She is really great, she has got me out of the mud before when I was cross collaterized, and all my IP loans have been far from text book, great work ethics and I find her comforting to have by my side when going for loans, she is a wealth of knowledge either a phone call away or at my fingertips.

There seminars are also quite honest, they only push a little bit of there company, but they need to, they all do. You can walk away with allot, and I usually do.

I also use there PM for one of my IP, I think they are a little pricey at 9.9% but she also has found me great tennants, very detailed inspections, and keeps me very much up to speed with the property in regards to maintenance.

I was going to use there Buyers agent once, but eventually shied away from this, at the time I was buying an IP in Melbourne, he was dead against it. I soldiered on, it has been so far a disaster, obviously there a a few underlying factors, but he was right.

In saying that though he has since left M.W and is working in Melbourne as a B.A??? I put this down to life style choices.

One last egsample, I recommended my broker to a guy I live with who was looking at an IP and had an offer from a bank.

I suggested to use my broker, in the end she could not get him a loan with a lower interest rate and said to him 'You would be stupid not to take it, if the lowest interest rate is what your strongly after'.

So he went ahead without her, fine. It showed me that she had his interests at heart, although I tried to tell him what's 0.35% when atleast with her she will keep you informed of upcoming changes and keep an eye on your loan, and give you ongoing advice and begin a repoire, she made it easy for him to NOT use her and did not pest him.

I for one, like that.

In Summary, I use them and am more happy than less, and confidently recommend my broker or PM to friends.

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November 19, 2012 - 7:27 am

Hi, I use there Loan broker and PM, so if there are any questions you would like me to answer I am happy to anser them

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July 28, 2011 - 6:22 am

The government's announcement today broken down -* 20 billion dollar contract
                                                                                                   * 6000 jobs during construction
                                                                                                   * 1000 ongoing jobs

Let's break this down….. 20 billion dollars only gives us the sense of security in longetivity for the "ongoing jobs".

6000 jobs at it's peak during construction means 1000-3000 will be white collar, so they will be beached back at the office.

The other 3000-5000 blue collar 80% will be in purpose built construction camps.

1000 ongoing jobs I would be surprised if atleast not 50% of them are fly-in fly out.

So where does that leave the investor? and what will the locals be left with?

Hard one. If you can lock in a 5 year lease on a private property with the contracting companies or the client that may serve you well.

I think commercial property (industrial), retailers and crafty small local businesses will do best from all this, get into it locals,

all the best I hope it works out.

 

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June 3, 2011 - 11:04 am

Thomas75 wrote:

I have bought a property from them before. Did you proceed with the sale?

HI Thomas, I havn't yet but i am literally about to finalise my finance so that I do.
How did you go with all your dealings with them?
Where and what did you buy if you don't mind me asking?

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April 23, 2011 - 11:18 am

Hi Glenn,

Thanks for the advice, I'm glad you took the time to write your opinions.
I must say though I am always Pesimist, so I don't know if it is just what I want to hear or
Brunswick is a fair buy.
I went through your posts and sadly noticed you come by some hard luck with an off-the-plan purchase.
How are you going with that still??
Sounds like such a warning sign for me, as I am currently in the mix of buying off the plan also (insert evil music)

Are you able to tell me who was the developer and who took the contract for construction?
It sounds like it got built, so that's ok, but they came in under valued, bummer.
Than the whole rent guarantee thing.
I'm new to all this, if they broke there contactual agreement arn't you then entitled to take them to court for all costs lost??
Anyhow, I need to tread caefully with the purchace i'm looking at also, would like to pick your brain if you got the time,
your opinion would be greatly appreciated.
Let me know how you went with the off-the-plan drama.

Regards

Packer

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February 2, 2011 - 12:01 am

Dan42 wrote:

Packer wrote:

What is the 6 year CGT exempt rule??
I thought you had to live in it for 12months before
you void CGT on sale!
Or is that a W.A thing?

You do have to have lived in the property, but there is no set time.

The '12 months' you are thinking of probably relates to the First Home Owners Grant.

Ah yep, got ya

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February 1, 2011 - 7:11 pm

luke86 wrote:

The sale will be CGT free under the '6 year rule' if you are renting a place elsewhere. There are a million posts on the forum about this one, just do a quick search for it.

Cheers,
Luke

Thanks Luke, I guess where I'm scratching my head here is, what is the "6 year rule"? Is it saying that once I have lived in my PPOR for over 12 months than decide to make it an investment property that if I only use it as an investment property for less than 6 years I can still sell it without wacking the CGT?
Reading what I just wrote makes me think this sounds completely off, like I said I am completley green on this '6 year rule'

Packer

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February 1, 2011 - 8:29 am

Mike,

You the man, still going over all the points, cheers mate a true gentleman.

Packer

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January 31, 2011 - 11:19 pm

What is the 6 year CGT exempt rule??
I thought you had to live in it for 12months before
you void CGT on sale!
Or is that a W.A thing?

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January 11, 2011 - 11:16 pm

Thanks No1,

I will mention this to my broker, but I had a sit down with the lender and she was paying hard basket.
I have mislead you a bit also I appologise. One of the houses that is crossed is my parents (which is owned outright) and my one which I have about 100k equity. As my LOC is 270k and the investment is in Brazil,  they don't recognise it.
I am in debt more than i'm worth (In Australia). They would not let my parents take the loan themselves because they are "to old" yo service theloan apparently with only one income. We are going for the refinance through AMP so that my parents take the whole loan, remove my name and free me from the loan (but not the debt as this is my property) freeing up my equity on my PPOR to shop around.

I hope i have put a little more light on my previous misguided post.

Felipe

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January 9, 2011 - 11:28 pm

Agreed, If you have enough equity to draw out into a LOC to be used later
for a deposit than do it. I don't know much about this industry but I have had my fingers burnt crossing before,
only because I didn't know enough about it. The posts your are receiving sound correct, listen to it.
Good luck

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January 9, 2011 - 11:22 pm

HI Markymarko,

I don't know to much about this industry, but I cross collaterized to purchase an IP in Brazil a few years ago.
I am now in a situation where I am looking to purchase another IP and the bank won't let me uncross.
Problem for me here is that these properties ,they have used as security, and now I want to draw equity from one of them but they won't
allow it, even though between the 2 I have easily about 600k equity. The property in Brazil only cost me 240k.
So I am going through a major finance restructure so that I can use my equity bla bla bla, as I said earlier, I don't know much about this industry, but from my experience I would advice against it. For your information this was with CBA. It is costingme time and potentially money because I have missed out on some great buys because I havn't been ready.
All the best.

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December 14, 2010 - 12:14 pm

This may sound stupid but what does CF stand for?

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December 11, 2010 - 12:24 pm

Thanks guys, I will look into it, I like the magazine idea….why didn't I think of that.

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December 10, 2010 - 12:38 pm

New Investor 01 wrote:

Hi all,

Would love a bit of advice if possible.

We're a young couple, no dependents and ready to buy a house in 2011. No property yet, and on low rent of about $800/month combined. My partner wants to buy a nice first property around $600k to live in and rent the spare room out. By 'nice' I mean no reno needed, and in a good area, bayside Melbourne.

I'm just concerned we'll use up all our borrowing power in our PPOR and paralyse ourselves from being able to start the property acquisition game. As another option, we're considering buying an IP in the USA or Brazil to capitalise on some fast (hopefully) growth and sell within 3 years, bring the money back here and then buy a PPOR. Perhaps by then we'll have had a fairly decent housing correction in Melbourne?! I think we'd all agree the property-to-income growth ratio is unsustainable, something will have to give at some point.

Combined income $110k net
$50k worth of shares (we're quite agressive high risk investors so we expect to bring this to $100k in the next 12 months)
Car loan $24k
Rent $800 combined
Not afraid of risk, just want to buy positive properties and make as much $$ as possible in the next 5-7 years before the 'no dependents' status changes

Thanks in advance!<br /;)” title=”>;)” class=”bbcode_smiley” />

Hi,
I am also new to the investing game and this forum, still learning allot abd trying to make the right choices.
So this is not me tryig to give you advice because Property is not my game. But I was interested in what drew you to Brazil??
I have bought there, and am surprised to read you guys were considering it.
Did someone recommend that to you? Are you going ahead with it?
I to am a risky investor, apparently it isn't the smartest way but it's fun.
goodluck with your choices

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November 28, 2010 - 8:27 am

mattnz wrote:

Packer wrote:

I don't know to much about property but I know a thing or two about the oil & gas industry.
I have been heavily involved on some of the biggest projects in Australia and yes, I am  karratha lad
Born and bred. So I also know a thing or two about the effects these major jobs has on a community on all aspects
including overpriced houses and B**%S#*T returns.
Let's not compare Gladstone with Karratha just because the GLNG project will be going ahead, this job will at it's peak employ 3000 people, 1000 of which are white collars, 2000 blue collars. There will be a camp built for the workers and once the job is done it will have a maintenance team of 200, this is not a significant population boost into town. Gladstone has allot of property on the market, so the simple supply&demand is not going to outweigh like it has and is still in Karratha.
Also Karratha is an established mining town, they didn't just have one project than boom!!!! No it had several major projects and it is ongoing at the moment. Karratha is the bottle neck for most exports in the North West.
Buy a smoko van if you want to cash in on that project, seriously! Or own a brothel.

You are clearly not aware of the many LNG projects happening in Gladstone that will employ an extra 10,000 at the peak in a town which is currently about 40,000 people with a vacancy rate of 0.6% before any work has started. All the Gladstone projects are costing a total of $40 billion, that's $1 million per current resident. For some reason those from Karratha and Hedland think they are so special it can never happen elsewhere.

No we don't think were special Mattnz, that's silly. Sounds like you have done a bit of research, if it feels right just do it. 
i'll be sure to consider jumping onboard this coal train, Bro

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November 28, 2010 - 8:11 am

40 billion, 65 billion, 10000 people being employed……….sounds like a sure thing.
I accept defeat, better get in before it's too late

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November 27, 2010 - 12:08 pm

I don't know to much about property but I know a thing or two about the oil & gas industry.
I have been heavily involved on some of the biggest projects in Australia and yes, I am  karratha lad
Born and bred. So I also know a thing or two about the effects these major jobs has on a community on all aspects
including overpriced houses and <moderator: delete obscenity>.
Let's not compare Gladstone with Karratha just because the GLNG project will be going ahead, this job will at it's peak employ 3000 people, 1000 of which are white collars, 2000 blue collars. There will be a camp built for the workers and once the job is done it will have a maintenance team of 200, this is not a significant population boost into town. Gladstone has allot of property on the market, so the simple supply&demand is not going to outweigh like it has and is still in Karratha.
Also Karratha is an established mining town, they didn't just have one project than boom!!!! No it had several major projects and it is ongoing at the moment. Karratha is the bottle neck for most exports in the North West.
Buy a smoko van if you want to cash in on that project, seriously! Or own a brothel.

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November 26, 2010 - 9:58 pm

Ha ha, trying to get some others view maybe even someone who has also bought there,
no such luck. It is risky, quite a complex contract due to Heitage overlays but I believe the price is right
for a 2 by 2 loft apartment in this area, there is only 28 dwellings between the 2 Kilns, unique.
I don't mind risks, also bought in Brazil last year, now that gets your blood flowing, risks.
I think when I bought this apartmment I invested in Brunswick more than the property itself.
Atleast that's what I keep telling my self. Thanks mate.