Marie, Kirin, Nikolay, Chris...

all blew me off or drifted away after they got my "..low cash, good credit, good income.." email.

Then Fernando appeared...

Dear Doug, Good morning!
I am writing to you on behalf of Imoinvest in Paris. My name is Fernando XXXXX and I would like to introduce myself as your new contact here. You have contacted us for more information on property in France. In order to send you the right information I need to know more on your search. What is more important for you on this property? Is it for pure investment or personal use? What kind of budget? Do you need Finance? And also to inform you that at the moment most of the French banks are happy to finance up to 80%net of the property value to our clients. Which is an excellent opportunity to buy that dream holiday home in France. Please contact me with more details on your search. Find attached our brochure. Check our website and email me your questions. Thank you and have a very nice day!

I responded...

Hail and well met Fernando,

You have a great attitude, and I hope you can earn some of my money. Here's my situation, I have great credit, high income, but low savings. The low savings is being repaired as we speak. I am interested in leasebacks with an out after 9 years, Berlin, or the Baltics. Places where the rents still cover more than 5% yield. I should have a good down payment saved by late summer, but if you come across something before then that requires low money down, I am interested. This is not a one time deal. All the money I can save in the next 5 years till I retire will got to RE investing in foreign properties. I look forward to working with you, Fernando.

Doug

He said..

Hey Doug, Thank you for the email.
How much down payment do you have to invest today?

Fernando

I said.. $5K CDN

He said...

Dear Doug, Good Afternoon.
Follow to your email find below the description on Leaseback program:

First we have leaseback programs in different locations in France, so you can invest in Paris or other areas with lots of advantages.

Leaseback:
It is a Program in which you buy a property in France (all over the country) and then lease it back to a management company. This is a very safe and pure investment program. It is only for clients who is looking to get high capital appreciation in long term.
Advantages:
*Vat Refund of 19.60%( sometimes advanced by the developer) otherwise you get this money back into to your account 6 months after completion of the construction.
*Freehold property( its yours from day one) you can resale it at anytime. But you have to be aware of the advantages for keeping it for 20years. If you are looking to resale that in a short term(5years) this program may not be good for you.
*Fully Furnished
*Fully managed (hassle free ownership)
*Guaranteed rental income(3%-7% of the net price)
*Tax Free rental income
*Government approved and supported program
*Holiday occupancy on selected program
*No capital gain tax after the term
Lease duration:
9 years, 11years or more depends on the program. But please don’t get confused here, to benefit of the tax advantages provide by the French administration you should keep it for 20 years. But you are free to decide when to resale. And if you do that before the end of term you have to pay part of that tax back.
Finance: Non residents can get up to 80% of the net Price of the property or 70% of the gross. They must put down payment of the difference on that in order to get the mortgage. Plus closing costs( the vat advanced by the developer can not be used as down payment. This money is paid by the developer on your behalf).

This is my idea for you:

WARM SUNSHINE ON YOUR FACE

FLORIALES
France, Mediterranean Coast, Narbonne

Studio

30m² to 30m²

€88,800 to €88,800
Studio

32m² to 32m²

€95,800 to €95,800

Guaranteed Buy to Let - Leaseback

GUARANTEED RENTAL INCOME UP TO: 5.60%

Remarkable location in an ancient Roman town with a thriving sea port. Situated on the Canal de la Robine, Narbonne represents the beauty and charm of the Languedoc region. Westward exists the great medieval walled city of Carcassone and the towns, ports and villages of Port la Robine, Castelnaudary, Homps and Trebes. East lies the picturesque port of Agde and gateway to the Etang de Thau nature reserve. Narbonne beach hoists the "Pavillon Bleu" an award guaranteeing the cleanliness of the water, the beach and the port.

This is a very rare opportunity to invest in an exclusive resale apartment within a 3-star tourist residence. The residence is equipped to meet the demands of the modern tourist, including business clients, vacationers and large groups for family holidays or excursions. The residence also offers a bar and a restaurant with a spacious lounge area for tenants. This development benefits from calm settings, warm and friendly atmosphere, whilst near all amenities.

This is an excellent opportunity to invest in an income earning apartment in an extremely popular destination. The Languedoc-Roussillon region enjoys the best climate in France with summer temperatures averaging 30ºC. This area is emerging as one of the most enticing parts of France with its remote villages and little-travelled byways affording a window onto a vanishing European rural culture.

THE FINE PRINT

NEW PROGRAM REVIEW
• LMP / LMNP- Hotel Residence.
• PROGRAM NAME: Residence de La Floriale
• Address: Residence de la Floriale - 10 quai d'Alsace - Narbonne 11100.
• Location: Remarkable location in an ancient Roman town with a thriving sea port. Situated on the Canal de la Robine, Narbonne represents the beauty and charm of the Languedoc region. Westward exists the great medieval walled city of Carcassone and the towns, ports and villages of Port la Robine, Castelnaudary, Homps and Trebes. East lies the picturesque port of Agde and gateway to the Etang de Thau nature reserve. Narbonne beach hoists the "Pavillon Bleu" an award guaranteeing the cleanliness of the water, the beach and the port.

We can try to get you Up to 100% Finance. You can invest now!!! To buy this property you will need around 4,500 cnd dollar. Please email me your questions. Thank you and have nice day!
Regards, Fernando

I replied " Make it so"

Only 5% of humans will pull the trigger.

Doug