Snapshot

While I sit here typing, I have come to believe the following.

• Real Estate should be bought with as little of your own money as possible

• It should be an interest only mortgage, with the capital gains paying for it when sold.

• It should be self sustaining requiring no new money for upkeep.

• The places that are hot right now that interest me personally are Berlin, Paris(leaseback), and Bulgaria.

And since Fortune Favors the Bold...
I fired off an email.

Greetings Marie,

I am : 49 y/o
6 years from retirement on a small pension
debt free
have very good credit
earning $100k Cdn/yr
with limited savings

My dream is an RE investment in Berlin (all city centre amenities on their doorsteps including the S-Bahn (Train) and many shops, bars & restaurants.) No money down, fully managed with mortgage payments around $1500 Cdn (for those months when I end up making the payments).

I will have $20000 saved by xmas, but would like to hang on to as much of it as possible.

I am in your hands, I will be focusing on investing all the monies I am able to save between now and retirement. Besides Berlin I am also interested in a Paris proper leaseback with no penalty opt out after 9 years, and Bulgaria.

What can we do together Marie?

* based on this email *

Doug