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zog · 07-22-2008

The location I have chosen is the one you mentioned.

As for renting, well, I know of someone i trust well enough - he gets 20% - and that is OK by me if he gets me close to the return I am looking for. But I only have a little experience of renting and that was renting out rooms rather than a whole property.

Gold and silver are good long term investments but not good for regular income, and it is regular income I am looking for. Having said that, if I could have bought in the late 90s when Gordon Brown informed the world markets that he was going to sell a lot of the UKs gold reserves it would have been nice to buy then and be a millionaire now :-)

I am holding off on buying a second property to see how things go with the first, and to give the stock market time to recover - my stocks and shares took a real pounding recently and I want to give the market a chance to recover some of its value. I also want to hold off on the second apartment because I want to see how the visa laws go. I would be able to use the one apartment as a holiday place by booking time in it or using time that is unbooked.

But just out of interest does anyone rent in Panama and do they get a regular return from doing so? The rental returns look good in principle and far better than the UK for the price.

07-22-2008	#98 (permalink)
zog Member Join Date: Mar 2008 Location: UK Posts: 78 Rep Power: 1	The location I have chosen is the one you mentioned. As for renting, well, I know of someone i trust well enough - he gets 20% - and that is OK by me if he gets me close to the return I am looking for. But I only have a little experience of renting and that was renting out rooms rather than a whole property. Gold and silver are good long term investments but not good for regular income, and it is regular income I am looking for. Having said that, if I could have bought in the late 90s when Gordon Brown informed the world markets that he was going to sell a lot of the UKs gold reserves it would have been nice to buy then and be a millionaire now :-) I am holding off on buying a second property to see how things go with the first, and to give the stock market time to recover - my stocks and shares took a real pounding recently and I want to give the market a chance to recover some of its value. I also want to hold off on the second apartment because I want to see how the visa laws go. I would be able to use the one apartment as a holiday place by booking time in it or using time that is unbooked. But just out of interest does anyone rent in Panama and do they get a regular return from doing so? The rental returns look good in principle and far better than the UK for the price.