Greetings Rogue Investors,

I'd like to let you know how our trip to Spain and France went. As many of you know, we conducted our Slice of Europe Tour the week of May 22nd. To say it was a success is an understatement. We had three Rogue Investors attend and they immediately saw the unique values in this area and purchased properties. One Rogue Investor couldn't make it at the last second, but we are planning on seeing her on the September trip.

Ask Danielle, Craig or Vicki what they thought about the trip: 

When are we going back? I love it there!
-Danielle

We wanted to thank you and Bryan again for all your help and insights during the trip. We had a wonderful time, and learned (or started learning) a great deal.  We've been exchanging emails...and will be sending...a package tomorrow of the materials the real estate agent needs for our loan application, so we'll keep you posted on our progress there.
-Vicki and Craig

This brings me to the point of this special newsletter. We also found a spectacular deal and are putting together a joint venture. We are looking for a few other investors who would like to take advantage of this opportunity. Two investors have said yes already and Rogue Investor will be part of the deal as well.

What am I talking about?

Imagine condominiums overlooking the Mediterranean, within walking distance of plaza-type shops, a museum, beach and restaurants. Now throw in one of the best views I've ever seen, as well as an in-house spa right downstairs. How much would you pay for these condominiums with a spectacular sea view in the U.S.? My guess is at least $400,000 per unit. How much did we secure all five of these units for? Only 450,000 euros; that is 90,000 euros each or about $112,500 each. Based upon our analysis of the area, these units are currently each worth about 130,000 euros.

These sea view condos are located in Banuyls sur Mer, which translated in English means "Vineyards by the Sea." This quaint town is situated where the Pyrenees Mountains touch the Mediterranean Sea. Vineyards are literally part of the landscape and many of these vineyards have enviable views of the sea. France is very particular about preserving this land so there is not an overabundance of building opportunities along the coast.

See for yourself:

Why do we think these properties are so valuable?

1. Built in Appreciation and Growth Potential. You are getting these properties at a discount because we purchased in bulk and the market is just starting to turn. We looked at similar units that cost at least 130,000 euros. According to our European liaison and realtor, real estate in this area has appreciated 87% in the last four years, and he anticipates an average annual appreciation of approximately 25% to 30% per year.

2. Rental Income. These units are currently producing rental income and a property management firm takes care of everything. The rental income is greatest during the months of July and August, when many Europeans vacation. Rental income ranges from a low of 355 euros per week in the off season to 695 euros per week during the high demand period. When we were there in May, all properties were rented. We had to make special arrangements to look at them.

3. Location. Imagine experiencing over 330 days of sunlight and moderate to warm temperatures. Imagine snow skiing one day and laying on the beach the next -- all within a couple of hours of your vacation home and/or investment property. In the U.S., you would have to pay a fortune for a location like this.

4. Euros. The conversion of most of Europe's currency into euros has been a big success. In addition to huge cost and efficiency savings, euros have opened up trade barriers between countries causing an economic boom in business. However, the benefits of this conversion are just starting. Given these factors I think it is very likely that the euro will appreciate against the dollar over the next 20 years. By investing in European real estate you can participate in the appreciation of the euro.

5. Language. Many European countries teach English as a second or third language. In France, for example, English is a required subject. And, unlike the United States, speaking another language for the modern European is not terrifying. They embrace other languages and cultures, while still maintaining their own.

6. People. Contrary to popular belief, one would think that Europeans would be less than friendly with Americans. However, we experienced some of the nicest people in the world. Also, just as the United States is experiencing an aging population and increased demand for real estate in warm, southerly climates, so is Europe. This trend is resulting in increased demand for Mediterranean properties. For example, local realtors are seeing high demand from Ireland, Great Britain, and other northern European countries.

7. High Speed Trains and Infrastructure Improvements. High speed trains, known as the TGV, travel at about 120 miles per hour. These trains are making it possible for individuals to live far from the large cities and commute into work. The high speed trains are equipped with wireless Internet so you can work on the train during your commute. Each time a new high speed branch is completed, the area grows economically and real estate values rise. For example, in Aux en Provence, a city near the French Mediterranean, real estate values started rising and doubled in about five years after completion of the high speed train branch to Paris. By 2009, high speed trains will be connecting to this area and a 2-hour drive to Barcelona will be a 45-minute ride on the TGV.

I invite you to be a part of this unique investing opportunity.

Please call Bryan or me at 913-381-4520 as soon as possible to become part of this joint venture.

On September 10 through 15, 2006, Bryan and I are heading back to this area to check on some additional opportunities as well as our current joint venture. If you would like to own "Your Own Slice of Europe," I challenge you to come with us on our next scheduled trip.

So what can you expect traveling with us on Your Own Slice of Europe Tour?

Without a doubt, in addition to finding some of the best real estate deals in Europe, I can promise you some of the world's best historic culture, art, architecture, scenic vistas, unspoiled coast lines, wine, cheese and coffee.

Due to space limitations, we can only accommodate 5 to 7 Rogue Real Estate Investors on this trip. As part of the trip we will provide instructions on real estate investing techniques and trends throughout Europe. We have also made arrangements with European real estate professionals to help guide you through the process of purchasing properties.

If finding undervalued ocean view/mountain view properties along the Mediterranean Sea sounds fun to you, call me at 913-381-4520 or visit this link: http://www.rogueinvestor.com/european_real_estate.html for more information.

Happy investing,

Michael Williams