Thank you for the kind words, you are welcome. It is all facilitated through my contact and we have a 1B Euro Fund in front. It will depend on the conditions and your skill and resources however you may need clout to really shine at this. The Fund was legally set up to tick all the boxes to deal direct with any institutions and yes the seller has onerous legal requirements to fulfill as well.
No, there is nothing dodgy about it. I have a clear conscience because I have lived well within my means (under actually) and promoted the dangers out there for the last few years. I have been buying assets not lifestyle and am also not responsible for bad or illegal financial practices. We are part of the solution not the cause.
Distress buyers would most likely struggle to buy better than from our sale price value anyway. A thorough knowledge of the workings and legals of the institutions is required. We are bound by commercial obligations on disclosure. We will not even disclose sell prices except to the buyers.
We do not anticipate having any trouble selling at well under market and will actually be performing a service to financial institutions by helping to clean up the mess they created through bad practice.
My best service in here is the financial and banking understanding to grasp what is actually happening and how it all fits together. I will try to keep the macro coverage up from time to time.
My warnings are sincere but there is still a good argument to buy in the lower end of the market under some circumstances. Property needs to sell at 8 - 10% rental return so we either get wage growth or asset deflation - fast or over time.
