Belgrave group

blinko

http://www.belgravegroup.com/

Has anyone any experience with these guys,

theyh are selling american property and reckon it can yield 10% ish

am i the only one that is slightly sceptical.....??

Rollinghome

blinko wrote: »

am i the only one that is slightly sceptical.....??

Only slightly sceptical?

rockitup

One couple we knew who lived in Atlanta, Georgia (where this company have an inspection tour promoted) had their own substantial house and 2 BTL's back in 2005/06 when the U.S. property market was starting it's tumble.

Atlanta was already badly hit on rentals, too much properties available. Our friends had massive voids on the first, then the second BTL and I suggested they should sell them sharpish at a reasonable discount, enough to undercut prices of similar available houses in there immediate area.

The guy would not entertain that idea in mid 2006, and by late 2007 had lost the lot including his own residence.

I doubt Atlanta will have picked up at all yet, and I did read an interesting article about the state of the housing market oversupply in the U.S. It stated that there is 27 years supply of properties without any new ones being built. Unless many older and abandoned homes are torn down then there is not much point in building or investing in rental properties.

PropppertyInvestor1982

All those looking at investing in America I would suggest searching Google with Telegraph 8460541/Overseas-special-Top-10-places-to-buy-abroad.html

trongo

Hi blinko,

I'm currently in the midst of researching this group and area too, started yesterday and if they live up to what they claim I will gladly invest.

But information is scarce, they are in quite a few publications, but I really don't know if it's legitimate or press manipulation.

Have you been able to gleen any new info since this post?

blinko

Yes my advice is to avoid, too many risks and the rewards just don't seem to add up. I think if i want exposure to the US property market I will do it via a fund/ETF etc

agent69

blinko wrote: »

http://www.belgravegroup.com/

am i the only one that is slightly sceptical.....??

A fool and his money ........ as they say

lynnit55

I purchased my first property in Jan 2011, second in July 2011 and third in Jan2012 (just finished refurb)
So far I have 2 properties which were rented out within a few months of purchase. I have one consistant late payer - who gets charged extra for paying late. The third property is still waiting on a tennant but I'm expecting one soon. Belgrave did all the work from the purchase, refurb, legalities and renting out. I have one problem tennant who apparently keeps the place spotless but just forgets to pay! Thats Ok at the moment because I do always seem to get the money in the end (plus extra late fees- which doesnt make much sense to me - it would be cheaper just to pay on time).
Not much to tell really, it ticks along with the odd hiccup.
I paid around $40k for first two - but the third one cost me $46k - similar house, but unfortunately prices seem to be going up so I wont be buying any more. Atlanta is a lovely city and I am going to take a holiday there this year because I only went there for the first time last year on the inspection trip and loved it... far better than Florida... what else can I say? The houses are in up-market areas and I wouldnt mind living there myself!

lynnit55

blinko wrote: »

Has anyone any experience with these guys,

theyh are selling american property and reckon it can yield 10% ish

am i the only one that is slightly sceptical.....??

- Nope, I was, in fact I still am - but I've bought 3 so far!
The market's not perfect but you can make a decent return.
see my post further down.

le_loup

Thank you for joining just to tell us that.
Sales not going too well?

trongo

Thanks for the confirmation lynnitt,

I was continuing researching belgravegroup to see if I should buy a house through them, and when I saw you specifically joined this forum just to post that response it confirmed my suspicion that I should not trust the company in the least as you are clearly an employee of that company or at least paid by that company, and you are engaging in dishonest practices in claiming that you are their client.

This obviously bodes very poorly for the company and its image.