subject: Las Vegas Real Estate flee to the U.S. Dollar [print this page] The sum of 1 + 1 is not 11 but that is only second
And so it happens that many European member states has always been far beyond their means of managing but are now facing their own ruins.
Some Financial planners, among them the renowned French bank BNP; now say the parity ahead within the next 12 months. The almost 850 billion European TARP Action must be financed by taxpayers, and so it is only a matter of time, currently the VAT and income tax would be increased.
The reason to celebrate, our investors who could exchange 2008 - to our advice - portions of your capital to the ten historical exchange rate of $ 0625 and Las Vegas bought real estate.
In 2009 investors had to fork out just 0.69 per U $, as of May 13 2010 is the conversion rate of only $ at 0.81 for U; having a tendency to decrease.
Meanwhile, Las Vegas Realestate prices are rising slowly again, and with our successful program introduced OWC (Owner Will Carry - owner financing to buyers) there are returns of up to 45 % in year to be achieved.
Current example:
The investor buys a condo for a price of $25.100 + $2,000.00 closing costs. Renovation of the object: $2,000.00 or total cost: of $29,100.00
The property is then sold for $ 58,000.00. The investor receives from the buyer pays a deposit of 20 % or $11,600.00.
The interest rate at 10 years maturity is 8.25% (interest & repayment), equivalent to a monthly payment of $569.11.
Broker fees, closing costs and fees totaled $5,000.00.
It follows in a yield of more than 1 year 33%.
During the following 20-10 years is the return on 23.5%
