All Topics / Overseas Deals / Which Country

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  • Profile photo of gamaygamay
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    @gamay
    Join Date: 2004
    Post Count: 41

    Check Kazakhstan, the former USSR Republic. You can buy 2 br apartment for US$40 – 50K. Rent is US$450 -$500/month, usually paid 1 year in advance. Fully furnished will get you $600/month. You can probably find the local finance @ around 15% interest rate, so paying cash is a better option.

    Petrol price now is 40c/litre (converted to $AU).

    Plenty of oil discovered in the country, new pipelines being built including one to China. Huge potential for the economic growth.

    Title registry is ok inluding foreign ownership, but be aware of corruption and bureaucracy.
    Carrying cash even relatively small amounts is dangerous not from the point of losing money, but life.

    In Banks they have mafia informers: you take the cash, they know it in a second and wait for you around the corner with your full description.

    When in crowded places or in public transport, keep your hand on your wallet very tight all the time.

    It is a beautiful country with very nice people living there.

    It is an old risk vs return dilemma.
    Good luck with your overseas investment.

    Regards

    Gamay

    Profile photo of CeliviaCelivia
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    @celivia
    Join Date: 2003
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    For me, it’s too much trouble and stress to invest in another country.

    If something goes wrong, it’s a far way to go and perhaps harder to clean up the mess.
    I’d have to depend too much on others because of the distance, don’t like that idea.

    I have thought about investing in my homeland because of the low vacancy rates(almost zero) and low maintenance outgoings, but there are other factors that make investing there less attractive to me.

    Perhaps when I visit one day I will talk to the right people about property investing there and perhaps then look into it more closely.

    Celivia

    Profile photo of MiniMogulMiniMogul
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    @minimogul
    Join Date: 2002
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    If I had stuck to the ‘only invest where you live’ rule, oh, my word! The things I have done, the things I have been able to do, ah! – I have to pinch myself some days, because of the ‘free money’ made by property deals.

    as for Japan, So keen. I was there in May and it was all doom and gloom, the country is in the doledrums and has been for ten years, well I vibed it then that the only way was up, that it was the lowest point of a cycle, 20-30 percent yields achievable, excuse me! That is SO an indicator for growth to come! Anyway I so would have invested if I’d had time to set up a team there. Time is my scarcest commodity these days! The place is incredible. I’ve only been to Osaka, Tokyo, Fukuoka and Kyoto, but all of them rocked.

    Hey – there’s a trend that I reckon Japan could SO do, which is RENOVATE! Over there, they just tend to rip them down and re-build, but I reckon you could do the Cathy Jayne thing (that adelaide woman) and do up whole blocks over there. I would SO buy a place over there, rent it out to Gaijin, and then go stay in it myself from time to time!

    Tokyo Joe, I am shouting my 3 best girlfriends for a week’s hell-raising/shopping/sushi-eating in Tokyo for my birthday next year (April) so if you are still there we should SO make some time and get stuck in to making this happen, I am so keen it’s not funny!

    Xenia, so sorry to hear about your dramas overseas. Care to elaborate? Particularly about your NZ properties. If it is in an area I have a team on the ground I would be happy to do what I can to help (whatever that may be) no charge of course just because. I hate to see people struggling.

    pgrim
    Participant
    @pgrim
    Join Date: 2004
    Post Count: 21

    Well its been a while since ive posted here but i may have something to add to this discussion. After living in Aus for 8 years and investing in NZ i have found myself married and relocated to Dublin Ireland. I found the university in Dublin (UCD) ran a course call “The Property Ladder” at 150 Euros for a 10 week course. So i thought it would be intersting, and it has been.
    The interest rates in Ireland at the moment are about 3.2% a considerable amount less than NZ or AUS. Capitol gains has been going gang busters for the last 5 years but things are starting to slow up. When i look around for a home to buy in a good suburb i will have to pay about 450,000 Euros. The most interesting thing about the course is that each week we get speakers from different areas pitching for buisness in their respective countries.
    Bulgaria – seemed to me to have run its course. It has been a major place for british and irish funds for the past 5 years and growth is starting to slow and a rental return could be about 6%, so with other factors i crossed this one off my list.
    Turkey – Well the UK have been investing here for a while now and capitol growth is strong, but i think you have to get to know the area and really do your research. It is a place im considering as i have a few contacts who have purchased here and done very well.
    Shanghi – they have a major expansion program that began in 2000 to last 20 years. Seems like major growth and another area im interested in, there is no crime and like Japan, the tennents seem to look after their homes rather well. Major corporate investment in the region. Its a Huge market and huge population increase due to corporate investment so plenty of tennants.
    Florida – Major capitol growth over the last 3 years but still more to come. Seems like its too risky to invest in coastal properties due to hurricanes but inland is a safer bet, like Orlando for example. Mainly holiday rentals. Probably will be vacant for 6 months of the year but when tennanted the returns are very high.
    Of course i have been very vague with the descriptions but if anyone wants me to go into more detail pm me and i will go through my notes and try to give a more detailed coverage
    cheers PGRIM

    Profile photo of TokyoJoeTokyoJoe
    Member
    @tokyojoe
    Join Date: 2005
    Post Count: 60

    Mini, Yes I will probably be still here. 9th year in Japan. I have the same ideas as you. I have seen a boarding type of house for around $180K. It needed a lot of work, but the potential is there. Renovation is slowly becoming more popular here. The only thing which makes me hesitant is earthquakes! We seem to be having so many lately making me think the big one is coming soon.

    Advertise your property for free: http://nzproperty.org/

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    Hi Pgrim,

    Thanks for the imput.

    Curious about the organisation that was pluging shanghai to you guys. (don’t worry not buying there).

    If you don’t want to post their details send me a pm if you get the time.

    Cheers

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    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of markdangerousmarkdangerous
    Member
    @markdangerous
    Join Date: 2005
    Post Count: 13
    Originally posted by pgrim:

    Shanghi – they have a major expansion program that began in 2000 to last 20 years. Seems like major growth and another area im interested in, there is no crime and like Japan, the tennents seem to look after their homes rather well.

    No crime! HAHAHAHAHA hahaha thats a good one. HAHAHA… I hope you were joking. Listen, I dont know where you were getting your information but thats about 30 years out of date. During Mao’s time people were to hungry and scared to commit crime…now its rife.
    What ever the upside of doing business with China is, just remember, it is one of the dodgiest, corrupt, inefficient and backwards places to do business. Generally speaking that is. Certain pockets of capitalism are highly efficient like for instance export and manufacturing…but outside of that, be prepared for roadblocks, stumbling blocks, head aches, frustrations etc etc…and anyone who tells you otherwise is playing you for a sucker.

    I’m not an expert in this particular area i’m about expound on but heres a fact and then a question. China is absolutely awash with cash. 20 years of selling cheap stuff to western countries has provided huge piles of capital. If thats the case why are real estate companies trying to lure in foreigners. If the investments are that good surely the chinese would be snapping them up?

    One more key point about Chinese real estate. Construction methods over there have historically be so crude that buildings need to be torn down after 30 years. This time frame may be getting longer with the last 5-10 years worth of construction but i dont think anyone really knows how long that brand spanking new complex will actually last.

    Bare in mind. In China, you’ll be swimming with sharks.

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    Hi Mark,

    Very good point about the crime in Shanghai. Liz and I were there in September and on the one hand the public transport system was immaculate with plazma (or lcd) panles all over that had not been smashed or stolen. I don’t think that would happen in oz.

    It is a very modern and progressive place. BUT there is also extreme poverty and wherever there is poverty you get crime. Could have bought some really cheap laptops outside the hotel “ouch”. There were also alot of other signs of poverty related crime.

    Just from looking there is also a massive inequality in the distribution of income.

    Anyway, it’s cool to learn about other parts of the world. If I was going to invest anywhere near this region it would definitely not be a direct investment.

    cheers

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    Profile photo of RikkyRikky
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    @rikky
    Join Date: 2005
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    What a read , give me more I love it

    Monopoly, my favourite game

    Profile photo of westanwestan
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    @westan
    Join Date: 2002
    Post Count: 1,950

    Hi Guys

    well as you know i’m more than comfortable to buy O/S first NZ and then last year started buying in the USA. This year i’ve added Central America to the List.

    There are some huge things happening there. I’m not saying this area isn’t with out risk. It is rsiky but the rewards could be sensational.

    love to hear from anyone else whose investing in central America. I know 3 other people who have also.

    regards westan

    Properties in the USA 15-25% returns- email to join our database [email protected]

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
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    I have seen a boarding type of house for around $180K. It needed a lot of work, but the potential is there.

    Interesting Stuff Tokyo Joe. I will definitely have to get over to see it.

    Cheers

    Don


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    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213

    Hi

    I have a block of units in Osaka Japan – very old and run down.

    ALso looking at Thailand at the moment, hopefully a block of units. Don’t worry – they are cheap.

    Terryw
    Discover Home Loans
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    pgrim
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    @pgrim
    Join Date: 2004
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    Hi DLPP
    The company was called Shanghai Vision and their website is http://www.shanghaivision.com
    I havnt had the chance to look any further into it at the moment due to other purchases but have taken note of the comments made.
    Hope this helps
    Pgrim

    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    Hi pgrim,

    I am just reading Henry Pollacks book at the moment.

    He talks about spending some time in shanghai after the second world war. This was as different place to the one I saw but when you see things through the eyes of a tourist you don’t see that much.

    Although scratch the surface and it was still the shanghai described way back then.

    Cheers

    Don


    D&L Property Projects NZ Ltd
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    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of TerrywTerryw
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    @terryw
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    A few years ago, a friend of mine purchased a unit in Shanghai, right in the city. It was positive geared from day one and since then has more than doubled in value. She reckons there are still some cheap bargins out there, but you have to be careful of the area as many places in Shanghai have already boomed.

    Terryw
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    Profile photo of Don NicolussiDon Nicolussi
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    @don
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    Hi Terry,

    Very adventurous! Can you share you plans for the run down block or is it top secret!

    Cheers

    Don


    D&L Property Projects NZ Ltd
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    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of TerrywTerryw
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    @terryw
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    Hi Don

    We are about to knock it down and build a duplex. It is a bit too old. Beleive it or not, none of the units have a bathroom – just a toilet.

    Terryw
    Discover Home Loans
    Parramatta
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    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
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    Thanks Terry,

    That is an interesting fact – no bathroom is something that I would not expect to here.

    Cheers


    D&L Property Projects NZ Ltd
    Sourcing Investments that fit.
    [email protected]
    Email to receive current deals &
    New Zealand Information Sheet

    Don Nicolussi | Mortgage Broker - Home Loan Warehouse
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    "I think of finance as a technology, a way of getting things done." Robert Shiller

    Profile photo of Alistair PerryAlistair Perry
    Participant
    @aperry
    Join Date: 2004
    Post Count: 891

    I was speaking with my accountant last week and he mentione that his family own a nuumber of apartment comlexes in Prague (spelling?). Apparently the cashflows are very high.

    Regards
    Alistair

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
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    Babcock & Brown also seem to like residential units and apratment complexes in Prague.

    Maybe that tells you something.

    Cheers Richard
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