Originally posted by DimPrawn
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Boomed!!!
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Hard Brexit now!
#prayfornodeal -
Originally posted by sasguruActually I've done some reasearch. You can if you do it through a shell company. Plenty of expats own property in India.
25% pa growth currently!Comment
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Originally posted by ArdescoOnly problem is that it's very easy for squatters to get into your property and take ownership of it. Unless you have family in India that you can trust to look after the property, deal with the local workforce when it comes to upkeep, and deal with the day to day bribes I would not bother.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguruAre there not agencies you can use for that? And if not, there's an opportunity in itself. .
What put me off in the end is the fact that you need to have somebody that is local that you can trust to oversee it for you, if not they will keep asking for a little bit more money until you have none left and you will be left with a half arsed half finished building that is worth nothing. You also need somebody who knows a thing or two about construction to oversee the build to make sure that it is done properly too.
If you have family over there that you can trust it is a great way to make some money and have a stunning holiday/retirement home. If not you will probably loose a load of money, end up with a half arsed building, or have missed out on paying a couple of importnant bribes that end up with the land being confiscated off you for <insert random excuse here>Comment
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Originally posted by sasguruI'm thinking of investing in Goa, which seems to be the Indian millionaires' playground.
What do you think, seeing as you seem to be based there some of the time?
I don't think you will get 25% year by year appreciation on that.
have a look at indiamike.comComment
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Originally posted by DimPrawnYou cannot buy property in India unless you are Indian or your parents are.
Only "fair"Fiscal nomad it's legal.Comment
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Originally posted by alreadypackedI could tell you where the money used to set-up the company come from, but then I would have to kill you!Comment
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Originally posted by ArdescoWhat put me off in the end is the fact that you need to have somebody that is local that you can trust to oversee it for you, if not they will keep asking for a little bit more money until you have none left and you will be left with a half arsed half finished building that is worth nothing. You also need somebody who knows a thing or two about construction to oversee the build to make sure that it is done properly too.
If you have family over there that you can trust it is a great way to make some money and have a stunning holiday/retirement home. If not you will probably loose a load of money, end up with a half arsed building, or have missed out on paying a couple of importnant bribes that end up with the land being confiscated off you for <insert random excuse here>Fiscal nomad it's legal.Comment
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Originally posted by andyfrom your international crime syndicate ?Fiscal nomad it's legal.Comment
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Originally posted by sasguruI'm thinking of investing in Goa, which seems to be the Indian millionaires' playground.
What do you think, seeing as you seem to be based there some of the time?
Didn't take long to tumbleFiscal nomad it's legal.Comment
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