2gringos forum
  Home |  Search | FAQ You Are Not Registered Or Not Logged In [Login - Register]   

If you are not registered or logged in, you may still view these forums but with limited features. You can register by clicking here.
If you have any questions, please check the Frequently Asked Questions (FAQ).

Go to User Control Panel

Upcoming Events

 

 

 

Upcoming FREE Dating Seminars

To Be Determined

 

 
Forum Home » Real Estate Investments Overseas » Better retun than the USA

Printable Version | Send to Friend
Subscribe | Add to Favorites
Author: ken Subject: Better retun than the USA
ken
Senior Member


Posts: 142
Registered: 10-16-2002
Location:

posted on 08-17-2012 at 16:51 Reply With Quote Report Post to Moderator
Better retun than the USA

My first investment overseas was in Saint Petersburg Russia in 1999. I bought a small Communal flat. About 40 square meters(400 scare feet). Everyone in Russia told me I was crazy and I did not know what I was doing, including my wife. But as we all know location location location. The flat was only one block from the Winter Palace on the main street Nevsky Prospect, this would equivalent to Time Square in new York. Paid $15,000 and got all money back in one year from rent. No property tax. So holding cost was next to none. In the end sold the property for about $300,000. Plus earned rent doing the whole time. This so far has been my best investment to date. Over 2000% return
View User's Profile E-Mail User User's Site View All Replies By ken (only searches replies by default, for topics please run another search) U2U Member
XJss
Junior Member


Posts: 11
Registered: 11-30-2010
Location:

posted on 09-21-2012 at 12:26 Reply With Quote Report Post to Moderator
nice deal

That sounds like a good decision you made

Have you been successful in areas that are closer to the US?

View User's Profile E-Mail User View All Replies By XJss (only searches replies by default, for topics please run another search) U2U Member
ken
Senior Member


Posts: 142
Registered: 10-16-2002
Location:

posted on 09-22-2012 at 14:03 Reply With Quote Report Post to Moderator
Return on invesmnets

Hello, we have seen returns over a 7 year period of 300% to 500% in Colombia also, about 300% in peru over the last 5 years.


Costa Rica prices are way down, so good values there right now.
Number one rule, buy when every one is selling and sell when every one is buying.
View User's Profile E-Mail User User's Site View All Replies By ken (only searches replies by default, for topics please run another search) U2U Member
Printable Version | Send to Friend
Subscribe | Add to Favorites

2gringos reserves the right to block, delete, or edit any and all posts. The Moderator has sole discretion on the content of this site. Anyone who posts accepts these terms, and waives any and all rights to bring any legal action against 2gringos. If you disapprove of any of the above, do not use, read, or post in 2gringos

 





#502