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  • Profile photo of vinayvinay
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    @vinay
    Join Date: 2012
    Post Count: 5
    April 17, 2012 - 1:55 am

    All, Thanks you very much for valuable comments. Its much appreciated

    vn

    Profile photo of vinayvinay
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    @vinay
    Join Date: 2012
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    April 13, 2012 - 7:07 am

    Hi jamfc,  It all depends on the location also.  After all the floods in Brisi, check it out if its near the rivers or low lying areas. People will be very cautious when buying in bris at the moment.  However bris will definitely  pick within 24 months. Ask yourself if you can service the loan til you sell the land in the near future

    Vin

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    @vinay
    Join Date: 2012
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    April 12, 2012 - 7:11 am

    Hi Sam, thanks for the input

    I have spoken to several agents in the area and they all providing me with data which shows the yield is around 5 to 5.5 %. I would love to hear from people living or have properties in that area.

    I know that the govt has been investing heavily in that area but for some reason my lender rejected the loan application citing environmental issues and low rental returns. I am currently in talks with another major lender.

    Profile photo of vinayvinay
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    @vinay
    Join Date: 2012
    Post Count: 5
    April 12, 2012 - 3:04 am

    Richard, Thanks for your input, i ll talk to some local  property managers and  get a feeling for that place.
     

Viewing 4 posts - 1 through 4 (of 4 total)