photo credit: smellykneeA real estate development moments away from Disney World in Orlando of luxury apartments, is particularly tempting to British property investors because of the continuing strength of the Pound against the Dollar.

Rental Yield of Almost 7%

Currency fluctuations aside the yield on these new homes for sale is almost 7% which is definitely not to be sneezed at. The developer sites an example of a two bedroom condo with a price tag of $360,000 with an anticipated rental return of $25,000 and a three bedroom condo priced at $390,000 with a rental return of $27,000 per annum.

A Property Investment You Can Use

If you’re looking for a property investment that you can use yourself for family holidays, this might be just the ticket as the scheme offers two weeks per year in low season. For further details visit the Feltrim Developments website.

Do Your Research

If you are interested give them a call and get all the information, then do your research to see what else is on offer in the area. If you like what you see – make them an offer – a good piece of negotiation now could save you a fortune. Remeber the US economy hasn’t been too clever recently so there may be bargains to be had. It’s got to be worth a punt.

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photo credit: Chrispitality

I read this article today in the Telegraph about how the top end of the new homes for sale property market is alive and kicking. Apparently its revival is only paralleled by the top end ‘Super House’ buying that last occurred in the 60’s.

So why is this? When the man in the street is feeling the pinch, the super wealthy are out spending money like it’s going out of fashion. I suppose the keyword is credit. Most of us use credit in some form or other for everything from buying the groceries to holidays.

This means that the moment interest rates change, 99% of us are affected, and if the interest rate moves north – we all have to tighten our belts. This doesn’t apply to the super wealthy – because they don’t live on credit – which is probably a lesson to us all.

It’s a lesson that it’s taken me a long while to learn, but I think I’ve got it now. The ease with which we obtain credit makes us by things that we would never buy if we had to pay with cash that we saved.

As property investors we need to be much more thrifty and careful with our money. It’s a valuable lesson that we can learn from the Asian Community who don’t generally waste money the way the rest of us do.

When I look back at the money I’ve wasted over the years on credit and credit cards, I could retire. My advice – a) stop wasting money on things you can’t afford, b) use the credit crunch as a massive lesson that will make us all change our behavior and c) save your money – then buy a big house for cash. Then you’ll be credit crunch proof.

Quite how that all fits in with OPM – Other Peoples Money – I’m not sure as when it comes to a credit crunch it appears that it’s best to use your own.

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