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  1. Gerry Pridham

    Nice little secrets about Bulgaria

    Hi Jain & Chris, Thanks for the positive post. I have a mild interest in Bulgaria, and last year on vacation in Syria, I visited the commercial attache in the Bulgarian Embassy, and was so pleasantly surprised that he took a long time to talk to me about the pros and cons of Bulgaria...
  2. Gerry Pridham

    Property Evaluator tool

    PeterPeter, I have seen two products that probably do what you want them to do, but specifically for residential investment property only. They are available as part of an education package either from Parmdeep Vadesha (Vadesha Properties - property marketing millionaire system) or Ranjan...
  3. Gerry Pridham

    First Investment

    I bet you are looking for those investors.:rolleyes: At 2,000 Euro per square metre, that's more expensive than a UK 4 bed detached house. Why would anyone pay a fraction of that price in Tangiers?
  4. Gerry Pridham

    UK PROPERTY MARKET BUST OR STALLED???

    Hi Anotherpropertyguy. The article is confusing in the way it presents its statistics. First of all, the first stat sentence says that overall returns have dropped 9.5%. that's no surprise because for the past five years, they have been somewhere between 25% and 16%. Then he mixes...
  5. Gerry Pridham

    What Will Be A Property Hotspot For 2008???

    Hartlepool!!!:D
  6. Gerry Pridham

    UK PROPERTY MARKET BUST OR STALLED???

    Keep this lovely information coming, and get rid of the million property investors, I say. Extract from article: This takes the total drop in returns (capital values plus rental income) since the property market turned last summer to 9.5pc My business planning model for UK property...
  7. Gerry Pridham

    UK PROPERTY MARKET BUST OR STALLED???

    Hi again, Not sure if the market has softened, or there's just less competition in buying, but I've just concluded this deal in the UK: OMV £72K PP £65K Sale and rent back at £100 pw on AST One year rent in advance on completion I'm not exactly your experienced BMV investor, but on...
  8. Gerry Pridham

    Why UK investors should buy abroad??

    There is no answer to this, as it depends on the character, skills, experience, expectations and investment aims of the individual. For me: Syria - because my wife is from there, and though until recently it was not possible to mortgage property, my wife has made very decent returns on fully...
  9. Gerry Pridham

    Looking for inexpensive, warm place away from UK

    How about Australia. I was brought up there until the age of 16, but have never returned (too scared I'd want to stay, and I have European family responsibilities now). I have two sisters in Melbourne, and uncle in Sydney and and uncle in Brisbane. Best weather is probably Sydney. If you...
  10. Gerry Pridham

    First Investment

    Hi Tim, I currently have two sets of investment criteria, though I am onto our 30th+ property: 1 The UK. Yield 7.5%, cash into deal < £10K, cash on cash return of > 10% p.a. I've actually just agreed a deal which is £5K cash in and 18% cash on cash return p.a. 2 Spain. I've been...
  11. Gerry Pridham

    Need advice on home loans

    Jacob, Whether it's for your own Principal Private Residence or for a buy to let investment, you can't beat a good broker. They don't all charge a fee either. I have used a broker to obtain 16 BTL mortgages in the space of six months. After a short break from accumulating, I wanted to...
  12. Gerry Pridham

    UK PROPERTY MARKET BUST OR STALLED???

    Does it matter? We have been invested in UK property for 16 years. Back in 1992, yields on corporate or multilet property were about 16% per year, and cost of borrowing was about 12% per year, and 75% LTV was pretty much the norm. Fast forward 15 years to 2007, and yields were 6% and cost...
  13. Gerry Pridham

    Mortgage in Spain

    Hi guys, I've recently been appointed as an agent of Solbank and of Halifax, though my experience is only in Fuerteventura in the Canaries, the agency is for whole of Spain. Happy to pass any information I have without obligation. Halifax is a particularly good deal for UK expats...
  14. Gerry Pridham

    Property Evaluator tool

    Hi guys, Sorry to let you down about the property deal evaluator spreadsheet. Just so that you all know what it is, I have attached it as a Word document, though it won't calculate the fields. If the attachments can be modified to accept .xls format documents, I will upload it for all to use...
  15. Gerry Pridham

    UK PROPERTY MARKET BUST OR STALLED???

    Property prices in the UK. I maintain it matters not provided your portfolio is geared with less than 70% LTV and is currently cash flow positive. We enter into this business stating that we are in it for the long term, so why should the events of the last few months or the crystal ball...
  16. Gerry Pridham

    Property Evaluator tool

    Here is an analytical tool (an attachment) I have been using (and modifying) for about three years. Not as fancy as some, and it's best used if you can manipulate cells and formulae in Excel, but I hope members will find it useful. (Edit addition - hmm, can't see the attachment - I'll do some...
  17. Gerry Pridham

    What Will Be A Property Hotspot For 2008???

    Deedee, I think the hotspots (UK residential) will be 1 where current high yield properties (not HMO) exist. This will be terraced houses in good condition currently yielding over 7%. If and when the UK market flattens out, the race will be on for yield (cash flow) instead of perceived...
  18. Gerry Pridham

    Overseas Bank - Euros ?

    Armando, Try googling InterchangeFX in London (who I have used for five transactions now, and whose spread from spot is as low as 0.3% and no transfer charges for about €100,000),or SmartCurrencyExchange who are after our business, and who we will use if I can ever find time to fill the...
  19. Gerry Pridham

    Has anyone used a good property investment company in the UK? Please advise

    Dear Ozinvestor, My fellow investors tell me that I should have got beyond using sourcing agents, but I am time poor, so still do. At the end of last year, I bought 11 properties in the Durham area via sourcing company run by Mark Ryder (not sure I can post his company on here since I'm...
  20. Gerry Pridham

    Frontline beach property £40k

    flip, A long time ago, I worked in North Sumatra, where beach front properties were about £1,000. But looking at the downside, they aren't there anymore because of the Tsunami. Personally, I would never buy anything at an elevation of less than 100ft from sea level (or within 1/4 mile of a...
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