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Real Estate Hi, does anyone own real estate in China, India, Mexico or Brazil

Discussion in 'Real Estate Investing' started by bizboy, Dec 26, 2007.

  1. bizboy
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    bizboy New Contributor

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    Hi, does anyone own real estate in China, India, Mexico or Brazil?

    And if you have a loan on those properties, did you receive the loan in America or in that country and how hard was it to receive the loan.

    Also, I believe countries like China allow one property per foreigner or is there way to invest in multiple properties? I guess the way to invest in multiple properties would be just paying cash.

    Thanks for the help.
     
  2. ZMan26
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    ZMan26 Contributor Read Millionaire Fastlane

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    consider investing in a REIT of one of these countries, a mutual fund of real estate properties.
     
  3. Lawrence Barse
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    Lawrence Barse Contributor

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    Since this thread is reopened and the person who started this thread was last seen active on this forum in 2009, I'll leave my comment for anyone else interested in this topic.

    I own 1 Acre of land in Pune, India. Bought it in Jan 2015. I paid for around 75% of the amount in cash and 25% of the amount through a personal loan. I've repaid the personal loan amount by March 2016. If it interests you, the Personal Loan came with an interest rate of 14.5%
    Ususally, in India, you don't get a Property Loan if you want to buy Land, you do get a Home Loan if you want to buy a House and the interest rate of this Home Loan is mostly in the range of 9.5% to 11%.
    Hope that helps.
     
    Kingmaker and AgainstAllOdds like this.
  4. nradam123
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    nradam123 Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Dude, I was in Pune last month. Where do you own the land? I will go and see it next time I visit haha.

    And where are you from?
     
    Last edited: Aug 3, 2016
  5. CashFlowDepot
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    CashFlowDepot Gold Contributor Speedway Pass

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  6. CashFlowDepot
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    CashFlowDepot Gold Contributor Speedway Pass

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    I own property in Panama. I paid cash. But you can get a loan through Panama banks with 20% down
     

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