Would of being nice that you explain your logic here , as I cannot add it up ....

Why did I put 400 K in real estate ? Because, it was coming out of 10 year term bank deposits/investment bringing me 6.55% ( 26K a year interest, less taxes ) .
When renewal came up, the best I could get was 1.35% on freezed 5 years term ( 7K , less taxes ) . And lets not get into inflation ....

Now, with 80K down, I bougth a property of 350K ( 3 rental units- 2500/month ) at 2.89% interest . Cash flow is positive and with capital payment from tenants, my return was over 15% , not counting increase in value.

Repeated with remaining cash on hands . 400K got me 2 million of property ....

So the low interest were the main factor to remove the money from the bank, and low mortgages were the main factor to put it in real estate ...

At 1.5% yearly plus value, still not counting inflation ) the value goes up of 30K a year ....

Latest mortgages are at 2.2 et 2.39 % ....


Selling ??? Yeah, here I come to beg to get 1.15 % .....


On the other hand, I am not one of the '' big playa '' with ferraris, maserratis and a fucking fountain on my front lawn ....

first of all I'm talking about european real estate

second, of course, you can buy many properties for rent
but just one? did you include renovation costs? not paying people, and many other thing than can take you attention and money

ofcourse, you can earn some, but imho not worth when you have only one property for rent

not for $60k, its too lees


my and not only my logic is simple, interest rates low = cheap loans = property prices high

current interest rates are the lowest in history, what it means??? when loans go high, properties go down, its simple as hell

why?? because in majority, people buying properties taking loans, not for cash! so cost of loan is the most important factor for real eastate market

so, now, tell me, as now we have historical low interest rates, what is prediction for property prices?
can these interest rates be lower?? can real estate market prices still grow up?

we are on the top of the second big bubble, market, reale state bubble

With people :1orglaugh

in Poland there is huge demand to rent flats and not enough distribution...one of the lowest numbers of flats per 1000 habitants in Europe...
so basically - owning flat in PL you will make good money still in next 10 years I guess
i love those polish flats.."2 rooms of 37m2" - lol wtf is that.... it is ONE ROOM and living room, in any normal country....

doesnt work and you dont care about if:
a) you pay with cash for flat
b) you live in a country that has undeveloped renters market and there is big demand and not enough supply. Maybe in 20-30 years something will change as all Poles will die and only Ukrainians remain :1orglaugh:1orglaugh, buyt in coming 10-15 years its all god IMO.
especially in a city like Wro or la capital :) etc

with 10 Chumaziks and 2 gratis:1orglaugh:1orglaugh:winkwink::winkwink:

Is this ethical?

post link in most popular real estate site in PL
:1orglaugh:1orglaugh

if you buy 2-rooms flat for $60K in Poland, Wroclaw
you can expect about $400 per month - 8% tax

if you are lucky with rentings, because law in poland is against property owner :)

Flats in Wroclaw:
https://www.szybko.pl/Wrocław/l...ynek=&promien=

I know wro well enough, lived there for many years :-)
after Ukrainian invasion from 2015 prices went up like 25-30 %, its craziness now there

olx.pl
..........

So there are more whores in Poland now? :D

I dont know, I dont do hookers...
if you search for one, you will find them everywhere, even in Alaska

Wroclaw if full of whores, sad to say
polish girls, students.. and maybe new citizens, ukrainians

I find one

https://www.olx.pl/oferta/one-teaspo...tml#0d46794c99

https://www.olx.pl/oferta/one-teaspo...tml#0d46794c99

Works for me Broski!
About $50 Euro a pop? LOL

I agree. In 2012 i could rarely see Ukrainian cars or hear the language, now it's everyday.

About investing into real estate in Poland. Well, financial market services are not very trusted so everyone is trying to invest into real estate. Especially at the early stage,
shit is being built everywhere and they now stick houses close to each other like in Ukraine, well, not that tall yet. And prices go high.

Tho 60k is pure shit to think real estate. But it may be the best opportunity still if you are not a biz savvy one.

:thumbsup:thumbsup:thumbsup:thumbsup:thumbsup
Sarn, Beria doesnt pay you to collect that type of data on polish sites.
or does he, Sarn ?
anyway, amazing shorts, but why so expensive ? does it include personal delivery by previous owner :-) ?

nothing wrong with whores my friends. dont like ? dont touch :)
new citizens Ukrainians ? :) rather the city is going back to its roots :-)

Are you mortgaging these rental proeprties or cash in?

What did you buy? Multi units?

https://scontent.flhr2-1.fna.fbcdn.n...62&oe=59B7D300

Let me first clarify re the 'slum landlord' points above. I am not talking about some eastern european country, but a picturesque part of the the UK . My hometown Teignmouth, pictured above.

The properties I am talking about, while certainly not luxury mansions are still very nice little starter homes / rental properties. Couple of bedrooms lounge toilet bath kitchen etc, small outdoor area, poss a small garden and parking for a car etc... All clean tidy and presentable places that while they wouldn't be my first choice, I would and could live there myself, if I needed too... Certainly not shitholes in any way shape or form...

So what I have done is to wait for a place to become available, and then paid just over half up front in cash and then got a 25 year mortgage on the remainder, that can be overpaid if I choose too... Working closely with the rental agents they ensure (for 10%) that a trustworthy and solvent tenant stays there and they handle EVERYTHING.

I am guaranteed my monthly payment, irregardless of them receiving it from the tenant and a such I have enough to make the mortgage payment and a little extra for me...

The income is totally passive and I do absolutely nothing to receive it. Although the income for each property is not mind-blowing money, it all adds up to a nice passive income. Add to that one place I bought in 2013 for £118,000 is now valued at just under £150,000 should I wish to sell...

I mean its a boring solution to making money that contains no excitement or nude women etc, however it is extremely simple to do and requires no work provided you have the initial investment (approx half upfront) which in the case of the preposition of this thread "If you had 50 / 60 K cash" is exactly what I wold do / have done before / would do again

Also, once you have a couple of properties like this, it becomes infinitely easier to acquire more, as you can prove what you are doing is working when applying for further mortgages :) And naturally, you can always sell a property for a nice profit at any time, if you decide you want that dream sportscar or world cruise any time in the future :)

.

how the fuck do i buy Ethereum ? Is coinbase the only option ? Somehow i cant get my id verified there

Seems like there is a few people from Poland , I thought that Mechbunny owner and I were the only ones

Not for business - for travel)

For a 5000 auction car? Depreciation on an asset that is 75% depreciated? add on insurance if they don't have their own rideshare insurance. 6k a month and each car will get average 45 k miles average before it gets weak from 70k to 115k. Average daily miles for Uber drivers is 150 miles or 15 months per car. Sell for $1500 and move on. Gross Margin = 40% annually.

10 % sounds wonderful for that kind of service actually...
I guess that you signed up with them long term paper, for like 10-15 years of guaranteed rent ?

Yes that sounds great.
How can one find a management company that does this? Ive not heard any companies here paying remt regardless if the unit is rented or not

in UK there are not enough flats to rent and big demand, maybe thats why it is like that...
but lets wait for an answer....

Amateur
You can leverage into oblivion on fex
Massive out of control leverage is better than 2x sharezz :thumbsup
Another thing is that nothing bad ever happened with excessive leverage

digital currency :P

That's vgt!! Because, with credit you can buy / control a lot of property with sixty dimes ans have a great cash on cash
yay

See. This is wisdom. He's saying set up a chicken ranch RV house and buy a gun and learn how to cook.

Why do you not have currentlysober blocked? HARDEN THE FUCK UP STEFAN :)

I don't know, Barry, fuck a REIT - I am too hands on for that, myself, but I agree extremely about not simply owning one SFR
I agree about the weed farm as well
If you have one single SFR better make that handicapped friendly. It'll stay rented and to someone good generally.

If you don't shut a vehicle off and it's always running you'd be shocked at how much the mileage can be ... kind of like the light bulb that lasted 237 years because it had constant power ... but yeah you're right this was a terrible idea they had
But they are on the right track

I think it's fkn dumb unless you know exactly what you're doing . . even then .. . . when I ever put any money into content I will be spending hardly shit and it'll be for youtube and I'll make extremely more $$$ than any adult content maker

Bet that

With 60k and decent credit or even hard money I could control / own MANY SFRs around here in the shittard fuckhole hellfuck town and you would be shocked at my cash on cash - SHOCKED ,, I bet

I don't know what the real estate market is doing but this sounds like reasonable writing
I definitely know you should buy when everyone is running screaming