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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 27 Feb 2005 15:37:53 -0600
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: Investing in Brazil
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Text of the message: |
In article <J5qUd.1765$tY2.1528@news.edisontel.com>, "SergioBS" <idmf80cancellaperinviare@tiscali.it> wrote: > It seems all OK, but I think that there is something I've not considered? I have a few friends from Arab countries. In those places, it is not uncommon to get 0.3% per month in rent. For example, a $300K building might rent for less than $1000 a month. One could put the cash in a bank and do better. The issue that they told me about is that in these countries, once a person occupies a rental unit, it is almost impossible to evict them. One friend has a relative who rented a home, and after 3 years, the renter stopped paying rent. They have been going on 2 years now and still have not been able to get an eviction order. They told me of one landlord who has had a squatter for 9 years, and cannot get a court order to evict that person because they are handicapped and cannot earn a living to rent somewhere else. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.