Which Country

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

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.

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/

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.

What a read , give me more I love it

Monopoly, my favourite game

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

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
Discover Home Loans
Parramatta
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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
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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