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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 3 Mar 2005 17:38:05 -0800 /

Author of the message: galt_one@hotmail.com

Title of the message:
Acquire discounted UK Buy-to-Let property directly from the developer

Text of the message:
I've been reading (with some amusement) the posts by people who have
either attended, or are considering attendance at one of the
"Buy-to-Let" seminars, many of which cost several thousand pounds.
For what it's worth, I'm a director of a UK property development
company that currently has several hundred flats under development. I
can only offer you the following advice: you do NOT have to pay
thousands of pounds in order to be in a position to buy rental flats at
a discount. For example, I have a project underway at the moment in
which I have over 100 flats that I would happily sell you at a genuine
discount of at least 10%. Why? For the same reason that most developers
would: in the early stages of a development, with 18 months before
project completion, the bank wants us to reach certain sales levels. So
we take a much smaller profit on flats we sell earlier, just to satisfy



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