Recently my friend and i had a conversation on investment and he lamented to me how he had lost his hard earned money through investing in stocks which caused him to give up investing in equities.
At the same time ,he shared with me how he got into a property investment club which invest in overseas property market and getting steady returns between 14% to 33%.
I was skeptical and told him that this type of investment is too good to be true and he agreed but he believe in taking risks.
He shared how the club roughly work;
-Investors will join the club and pool the money together.
-They will scoop up properties in countries such as; London, Germany, USA, M'sia and India.
-Due to their large/bulk purchase, they will be quoted a 30% mark down in the asking price.
-They will refurnish the properties and rent it ......