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  1. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I measure caprate here using; NOI (net operating income / total cost I measure ROI (return on investment); NI (net income) / invested capital I measure FCF/NI (free cash flow / net income); well....fcf / ni
  2. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Here is spreadsheet using a mortgage with 30% down and 3.6% for 15 years (very typical in this area).
  3. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Here is my spreadsheet using cash:
  4. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Ok, here's the deal. 66m2 (710ft2) 1br/1ba apartment in center city (european city). Purchase price of eur97,000 ($107,000). I will spend around eur3000 ($3300) to renovate. Based on comparables (and my experience) in the area, I can rent for 15-18 nights per month year round. Average...
  5. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I love Belgrada and Novi Sad. Both great cities.
  6. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Just made offer on a deal today. Will follow up tomorrow with numbers if anyone is interested.
  7. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    After initial set up, very little. My pm handles everything.
  8. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Not necessarily. I don't know much about Greece, but for example if you find a Greek town that still gets a lot of foreign tourists but the local economy is not so good, that means property prices can be low, but short term rents are still high. Spain and Portugal are great examples. The...
  9. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Albania is super cheap. One of my biz partner's wife is Albanian. I have never been but he loves it there. I would have to research more to see if it attracts enough tourism to be viable for investment though.
  10. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Airbnb has liability coverage for guests and any damage they may create. home owners insurance is easy to get just about anywhere in the world.
  11. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    @TedM it is possible to get reasonable mortgages. Just a bit more complicated. But certainly doable.
  12. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I think parts of Spain are incredible bargains right now. As long as it is in a touristy town that generates reasonable amounts of visitors. check the other airbnb listings in the town. I also love Portugal. What town in Spain?
  13. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    That is a complicated question and best suited for your cpa/accountant. My short answer. You will owe property taxes in most countries. No question. Pay it. You MAY owe US taxes (if you are a US person), but that depends on how the "business" is structured.
  14. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    One of my better properties is a large 4 bedroom city center apartment.
  15. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    LOL, I was expecting, "I went to see who wrote it and then moved on to another topic...."
  16. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    yes, this is exactly what I am proposing. for example, own 3 properties; Lisbon, Budapest, Denver (just examples). spend a week in Lisbon, then to Budapest, then to Denver. Mix in other travels, business trips, play, etc. those may be fun speculations and could possibly work, but not sure...
  17. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    After reading @G_Alexander post here - https://www.thefastlaneforum.com/community/threads/stop-paying-rent-live-for-free.51893/ - I thought I would share with you a similar strategy that can be implemented on a more global scale. First of all, this is not for everyone. This is for people who...
  18. GlobalWealth

    Preserving Wealth, My #1 Tip. Don't Get Married! (Or Maybe You Should?)

    NOTABLE! 
    Hahaha. 250/m? I seriously doubt there are more than 1 in 50 on this forum who are paying anything remotely close to that unless they qualify for ACA subsidies. I don't live in the US but as a single I would pay around 500/m for decent coverage, not cadillac.
  19. GlobalWealth

    Preserving Wealth, My #1 Tip. Don't Get Married! (Or Maybe You Should?)

    NOTABLE! 
    Ironically also like lawsuits...."it'll never happen to me"
  20. GlobalWealth

    2015 Fastlane Summit, Official Thread

    MEETUPS 
    Hit me up on email or fb. Let's connect on skype.

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