Have I made the right decision?

There isn't a day goes by when I don't see a headline stating the future crash in the property market in the UK and possibly further afield. I guess I wouldn't be human if I didn't question my decision to invest in the property market at a time when everyone else is saying the "glory days are over". Only time will prove me right or wrong!

Somedays I wake up and think I have nothing to lose and plenty to gain. Other days the reality that I could either lose my home or extend my working life into my 80's if the market crashes. I have never been afraid of taking risks - and I think I am doing my best to spread my risk as far as type of property type and location is concerned. So, for now at least, the excitement and sense of adventure outweighs the fear of failure.

I woke up to a fantastic sunny morning, so that confirms my decision to invest in property was the right thing to do. Maybe I should relocate to a country with more sun and less rain than London. Then I would wake up in a positive frame of mind every morning? Not before I go and see the latest James Bond movie, Casino Royale - it won't be the same with sub-titles :o)

Until the next time...

Where is Tres Molinos?

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.