Singing Pig

Darren Beddard:

Hi Buzz give me a call might have something you will be interested in

Darren

0161 2364999

www.wsg-uk.net

 

darren, do you think you should be trying to flog investment property to 3 students with no income, deposit, fall-back cash, or experience in the current climate?  i'm assuming that your offering will be gold-plated solid positive cash-flow property .. and not some speculative Bulgarian ski chalet or Spanish apartment on a golf course?  just what three penniless students need!

Well called, Pod. Had a quick look at the website. In today's economic climate I think even seasoned investors with lots of cash are not rushing into new developments - anywhere !.

 

As an aside, has anyone asked just who is going to be holidaying in these identikit apartments - available by the thousand - in the likes of Bulgaria, Morocco, Cape Verde, Dubai etc. ?.

I have to say you people just like ripping into each other!!!!!!!!!!! no wonder buzz hasn't replied to his own thread, he's probably scared from the whole experience!! I have to say tho same valid points made by all parties, i think buzz should take the advise and make his own decision with his potenial business partners. Good luck with your decision Buzz, me and a friend ("business patner") have just brought our first property with no alot of money behind us but was a great decision as its now making 150pcm profit!

i like to think of it as "robust debate" sparky.

not sure why anyone should be "scared" of a healthy, no-holds-barred discussion ... unless you would prefer a sanitised, politically correct, caveat-laden alternative?

i think the point has been made here ....... you need money to invest in property ....... repairs and voids have a nasty habit of cropping up when you can least afford them!

 

I agree with the 'conservative' side of this debate. Better to wait two or three years until the market has bottomed out and the credit crunch has hopefully worked its way through. Nothing will be lost by waiting.

 I can see the point of those who suggest forging ahead. After all, if you never get started you never get anywhere, but for these three, at this stage in the property market it wouldn't be wise.

 There's another important point I don't think anyone has raised. These three students will probably be getting jobs in different parts of the country and going their own ways after they graduate. That's likely to raise a big question/argument about what to do with the property.

Linking up witht a partner to do a property development over a limited time period is one thing, but how many landlords invest long term in rental property with a couple of partners?