Property Letter 4

We have seen many properties now and save for a couple more which we are booked to view tomorrow we will stop visiting flats now, as I think we have enough to choose from, and we are going to concentrate now on banks, accountants, notaries etc.
 
Please refer to our property letter No. 2 for an explanation of all the formulae that we have used.  We stress again that there are so many variables, and we have tried to assess the market, and each individual property with some degree of realism, and consistency; but can not guarantee accuracy.  Once we are on the ground and running we will obviously begin to understand properly where we have underestimated, or overestimated, and focus on maximizing returns on every property that we are managing.

Property Letter 3

We have had a number of responses, and out of those quite a number of questions.

Arising from questions asked:-

What type of property are we looking at, and is it possible for interested people to choose what they want to invest in? Basically we are in a narrow range, looking at high income rental properties, or as high as we can achieve. These are almost by definition, small and in the highly marketable tourist/commercial centres of Nice and Cannes (Nice and Cannes are also close enough to each other to enable the properties to be managed properly.) The bigger properties may be interesting as long term investments, and may suit some people, especially those who might want to make use of them, and who don’t need immediate income. We plan to identify a smorgasboard of properties, and it will be a case of first come first served. If one strikes you and you believe that it sounds right, is in the correct price bracket, or that you could go into it with somebody else, we will need to move fast.

FROM GUY AND VICKY � 2ND PROPERTY LETTER.

FROM GUY AND VICKY – 2ND PROPERTY LETTER.

19 TH MAY 2002

NOTES AFTER 10 DAYS IN FRANCE.

Our e-mail address – accessing here daily without a problem – watsies@mweb.co.za

Exchange Rate – Approximately - ₤60 = €100

Vicky and I have returned to Italy for a weekend of consultation with respected family and friends (James, Kate, Bill and Ross). What we have seen and learned in France has been very interesting and encouraging, to the extent that we will return there on Tuesday for a further two weeks, and cancel all plans to go to Spain and Portugal. This was always going to be an option if prospects in the country of our first choice ( France) looked good, as they do.

I must however emphasize at the outset that the property we have concentrated on seems a very good wealth builder in the medium and long term, but it is far less certain that it will provide sufficient income on its own for a family to live off on a month to month basis.

Property Letter 2

Our e-mail address – accessing here daily without a problem – watsies@mweb.co.za James & Kate’s e-mail - forward to us daily – hallatt@compuserve.com

Exchange Rate – Approximately - ₤60 = €100

Vicky and I have returned to Italy for a weekend of consultation with respected family and friends (James, Kate, Bill and Ross). What we have seen and learned in France has been very interesting and encouraging, to the extent that we will return there on Tuesday for a further two weeks, and cancel all plans to go to Spain and Portugal. This was always going to be an option if prospects in the country of our first choice (France) looked good, as they do.