hello everyone
I have just enjoyed reading Dolfs book Realestate riches. In the book he alludes to the huge opportunities opening up in some of these countries for investors.Do any of you have knowledge and experience in such countries?
As Dolf says. Travel is relativley cheap these days………..I know Property prices *shot* upwards after the overthrow of Nicolae Ceausescu President now is Ion Iliescu!
From what i’ve heard a fair bit of Oil found in Romania some years back, and the resorts/ casinos on the edge of the Black sea were very busy..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDolf dee Roofs? more like it!
Look into Japan. Was there last month and have been investigating it a bit since i got back.
Been devalued for yonks, economy is so bad they say ‘can’t get any worse’ and may be on the up, 20-30 percent cashflow yields are common with tokyo apartments, language barrier a problem I guess, however there’s a large english -speaking niche market there…Want some comparisons from Namibia, Africa?
but you don’t want a farm in Zimbabwe – you could pay with your life.
Seriously though, just ask the questions……
Your biggest risks are political upheaval and unpredictable and violent exchange fluctuations. However, high risk = high reward, as always.
Hey Minimogul
I believe I read somwhere that the Japanese Govt make it next to impossible for foreigners to purchase there. Is that the case. Or what is there to overcome??
Shawn
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