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Small property investments big profits
By property | January 26, 2008
A couple of years ago I bought a piece of land in Romania; around 10,000 square meters, located somewhere in a village, 40 KM distance from Bucharest.
I bought it directly from the owner. Initially, the owner built the fence with the intention to construct a house for his old mother, but sadly she died before the building work started.
So, the land remained deserted for many years. Her son grew old, and he decided to sell that land.
I paid him around 3000 Euros, and he was happy to get that money.
I bought it because it was under the market price in that time, and because it was a beautiful piece of land with a river streaming at the front and with a forest at the back.
I patiently waited for the price to grow, and this month I’ve been offered 90,000 Euros for that piece of land.
That’s what I call an investment.
I deeply regret that I didn’t have 100,000 Dollars like 7 years ago, because today I would have been among the richest people in Europe 
The value of all my investments was so small that will make everybody laugh; still it proves once more that one does not need a lot of money to start investing in real estate.
One of the richest men in Romania (he is worth over 1 billion Euros) made his fortune by buying land in Bucharest in the 90’s paying under a dollar per square meter.
Nowadays we talk like thousands of Euros for the same square meter bought for few cents.
I’m pretty sure that if the Western mass media wouldn’t have denigrated so abusively countries like Romania, Bulgaria and the rest of Eastern Europe, then many small investors would have tried their luck in such countries.
They did their best to look for the most horrible things reportedly taking place in those countries and then presenting them as generalities. This is what I call misinformation, telling only “the truth” that suits you best.
All they used to write about or show on the television was the stray dogs, the poverty, the orphan children and the population’s primitive way of living.
This put away a lot of small investors, but none the less, the big investment companies, didn’t care much about the mass media disinformation. They did what they always do: business.
The land:
Seen from the top of the hill :
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