When I heard about an ‘off plan’ property investment opportunity in Tres Molinos, near Murcia, Spain, I just had to get involved. The description sounded so good I almost packed up home and booked the first flight. This was a significant decision for me as it was my first venture into property investment.
I have been unhappy with the progress of my pension for some time. Several years ago it was fairly healthy and I was looking forward to a reasonable lifestyle in my retirement. In recent years the situation has declined rapidly and retirement disappeared from my radar.
While surfing the web recently, I stumbled across an opportunity to get involved in a property development sharing scheme. When I first looked into it I thought is was just too good to be true and perhaps another scam. Any negative thoughts disappeared after I had spoken to the scheme founder (Alan) so I decided to get involved.
Alan introduced me to one of his other investors, who had, like me, decided to join the scheme. However, as a fairly experienced property investor, this was just one of several ventures he was running with. He described Tres Molinos and I was hooked! Two months later, I have three ‘off plan’ developments underway, shares in a property development scheme and future property opportunities in Cape Verdi and Poland. My pension is getting a healthy boost and my retirement is back on the radar.
My ventures might be an amazing success or they might all fall down around my ears. Whatever happens, I thought it would be good to share my experiences in an attempt to help other novice property investors and to serve as a personal record. I have never kept a diary before so this is a whole new experience, I hope you find it interesting and useful.
Thursday, December 07, 2006
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