Wednesday, January 18, 2012

A Bit Of Friendly Guidance Concerning Investing In Real Estate In ...

I have worked in the real estate field for quite a few years and since I have a great deal of practical knowledge and experience in this field from time to time friends and family will come to me for advice. A friend of mine not long ago approached me asking my suggestions regarding buying real estate in a different country. This is not one of my areas of expertise nevertheless what I did tell them to do was get online and begin doing a bit of research. Find out everything you are able to regarding the location you?re considering buying property in, not only the general location but additionally the development itself if feasible.

My friend has always enjoyed visiting Mexico and once they started researching houses on the market in the Puerto Vallarta area they happened upon a development called Puerto Bahia Villas. So they took my advice and dug deeper, doing an on-line search for Puerto Bahia Villas reviews to ensure that they could see whether other individuals have submitted their opinions regarding this development on the web. The results that emerged in the search engines have plenty of pictures of beautiful buildings and beautiful shots of the ocean and so on in addition to descriptions of all the amenities and things to do within the area.

Just after digging a little deeper my friend located a Puerto Bahia ripoff report post that was a little distressing. Ripoffreport.com is a website in which individuals can visit and voice their particular issues about a specific product, service or business. The person who left the post states that the owner of the development secured the land unlawfully, saying that the land was taken illegally to be able to reconcile a $100,000 loan given to a local woman who was not in a position to pay it off. I don?t have any way of knowing for sure if the report is true but it would definitely give me second thoughts when it comes to investing money in that development.

This friend chose to keep searching and do a little of additional searching and it wasn?t easy to locate a great deal of reliable evaluations. The majority of the results that appear within the search engines are sites which are talking about all the wonderful attributes of the development. However, after looking a little longer my friend did come across some Puerto Bahia complaints from a few other individuals and he has chosen to search somewhere else and perhaps invest in an alternative nearby neighborhood. My friend also thanked me for the guidance to carry out research cautiously and to keep looking after the initial search made the development look like it might be a good location to invest in.

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Source: http://36stairsfilm.com/2012/01/a-bit-of-friendly-guidance-concerning-investing-in-real-estate-in-another-country-saved-a-friend-from-making-a-big-blunder/

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