Overseas investment - Bulgaria Buy to Let

Also posted in the 'general' forum by mistake!

We are about to refurbish, to a European standard, 20 houses in Bulgaria (near the capital Sofia) and let them to Corporate tenants on 12 month agreements. We are than going to sell some of them in the UK to Buy to Let landlords on a rental yield of 10%. The sale price should be £50 - 60,000 for a 3 bed, 2 bath freehold. We are able to give 50% mortgage with private money at 3% with no status checks. Any comments would be very welcome as we have not seen anybody doing this yet.

Sounds interesting and would like to hear more once nearer to the ground. Have recently bought one unit on sunny beach and the main reason for not buying more was lack of available funding at good rates. Looks like you have thaqt sorted too.

Hi I could be very interested and have investors waiting. I currently offer mortgages in Bulgaia at 7.5% so would be intested in your offer of finance. I am looking to visit the area over the next 3 weeks so would like to know more.

Very interested in your mortgage offer

we have an estate agency in Varna

Gary

I've noticed that Simon has not replied to this since March... If you are still out there Simon then I am interested in hearing more! I am toying with investing in Bulgaria. Henry.

If any of you want to know more please contact me at bulgaria@propertyinnovations.net or phone on 0845 201 1926.

Regards

Russell