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41 Posts
Hi, i don't usually post on here but its something i know a little about.
Iraq is in need of 2 million units within the next 5 years so the government is allocating developers with how ever many units they can pretty much handle, you can knock up a unit there for on average $33k and right now selling $50k and there quickly appreciating. Iraqi's are cash rich, and government willing to help you every step of the way. Obviously there's more to it but thats it in a nutshell.
Over here in the UK our Pub (bar) business is down the drain so you're finding freehold pubs in residential areas that are closed down and the owners are selling them for half of what they're worth. By renting out the rooms upstairs and letting the bottom out to either a chinese take away or applying for permission to turn into 3 ish apartments you are seeing your investment back in 6-7 years. So they're a good buy right now...
I have in the past been offered sites in Belize, Mozambique etc for hotel developments but after analysis far to big a risk.
Iraq is in need of 2 million units within the next 5 years so the government is allocating developers with how ever many units they can pretty much handle, you can knock up a unit there for on average $33k and right now selling $50k and there quickly appreciating. Iraqi's are cash rich, and government willing to help you every step of the way. Obviously there's more to it but thats it in a nutshell.
Over here in the UK our Pub (bar) business is down the drain so you're finding freehold pubs in residential areas that are closed down and the owners are selling them for half of what they're worth. By renting out the rooms upstairs and letting the bottom out to either a chinese take away or applying for permission to turn into 3 ish apartments you are seeing your investment back in 6-7 years. So they're a good buy right now...
I have in the past been offered sites in Belize, Mozambique etc for hotel developments but after analysis far to big a risk.
