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Getting into property development /investing

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Old Aug 6, 2007 | 10:52 AM
  #1  
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DaveZS
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Default Getting into property development /investing

Right then folks, theres bound to be some people on here that are into this.

Basically i waste wayyy too much of my money on cars and crap , and just recently i've been thinking that i really should start saving/investing/whatever etc

My best mate is also in a similar situation and he brought up the idea of getting into property development. Is it a bit late now? As everybody and his dog seem to be doing it, theres so many programmes on tv about etc..

We've both got decent jobs so getting the money together shouldn't be a problem, i have no problem down grading my car either.

I suppose what im after is just some advise on where would be best to direct my money?
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Old Aug 6, 2007 | 10:56 AM
  #2  
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From: Essex innit bruv
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Dave, i've setup this one-off business and you are the first person i'm letting in on it.

Its guaranteed to make you 200% profit

Transfer the money into my South African bank account, $500,000 and your in.




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Old Aug 6, 2007 | 11:27 AM
  #3  
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DaveZS
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Originally Posted by RSrussell
Dave, i've setup this one-off business and you are the first person i'm letting in on it.

Its guaranteed to make you 200% profit

Transfer the money into my South African bank account, $500,000 and your in.




Superb, thats just what im after! Money is on its way now

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Old Aug 6, 2007 | 11:41 AM
  #4  
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From: Leicester
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you've missed the boat on property development, house prices are at there highest, interest rates are at there highest (well for a number of years at least) less people are moving house that ever in history and most "cheap" property is snapped up by existing property developers through back hand deals at estate agents...

anything left is too expensive to make any worthwhile profit on

you could look abroad but over saturation on the property market by new build developers has left little room for investment opportunities

if only we could go back a few years with this knowledge eh?
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Old Aug 6, 2007 | 12:49 PM
  #5  
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xr2i-carl
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From: ESSEX
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Originally Posted by Doh
you've missed the boat on property development, house prices are at there highest, interest rates are at there highest (well for a number of years at least) less people are moving house that ever in history and most "cheap" property is snapped up by existing property developers through back hand deals at estate agents...

anything left is too expensive to make any worthwhile profit on

you could look abroad but over saturation on the property market by new build developers has left little room for investment opportunities

if only we could go back a few years with this knowledge eh?
hindsight eh mate
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Old Aug 6, 2007 | 12:57 PM
  #6  
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From: Manchestoh
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Croatia

Or buy a new build off plan, then advertise it once near completed for a profit but yet cheaper than the rest of the builds if you can, you wont make a massive profit but possibly a quick turnover of cash.
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