What's new

Search results

  1. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    Including you, that makes 2 of us
  2. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    Yes
  3. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    Kenric, Get it all on paperless asap. Get it all on autopay to a credit card so that you only have 1 bill to pay. Then get a maildrop address like travelingmailbox(dot)com for anything else. They will scan and email your mail, or shred it as you wish. Or even forward any hard copy to any...
  4. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Here is the spreadsheet on one property I have that has a mortgage. The mortgage was 30% down, 3.6% interest. This apartment rents an average of 17 nights per month, year round. The worst month in the past year was 12 nights, the best was 24. What I am calling the cap rate here is...
  5. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    If you are only doing a month long trip, I would encourage you to stay in that place. That way you learn to live like a local, not like a tourist. If you are basing there but visiting other places, you are still living as a tourist. Take the time to explore the place you have chosen. Get to...
  6. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    I run a couple of businesses. 1- US corporate services - registering LLC's etc 2- offshore corporate services - registering LLC's, IBC's, etc 3- offshore trust company - trust administration and fiduciary services 4- membership site and live events With the trust company, we have an office in...
  7. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    And I fully expect to see you for a month at the end of the summer in Latvia after your Thai adventure...;)
  8. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    Yes, yes, yes, yes No, because when I travel I see my friends in those places so I spend time with people in my travels. Actually, I do have a home base that I make money from when I travel (see my rent free post) Disagree, I am quite selective with new relationships. Just because I don't...
  9. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    I have been working virtually for almost 10 years now. And even before when I had an office I rarely went in (maybe once a week for company meetings) and worked at home or on the road. Like @Ninjakid said, we are lucky to live in the 21st century. Today's technology make it so much easier. I...
  10. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    I wouldn't live any other way
  11. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    Yes. I have been for many years.
  12. GlobalWealth

    Insight into digital nomads

    HOT! MINDSET 
    I just wrote this article recently: http://www.globalwealthprotection.com/go-paperless-as-a-digital-nomad/
  13. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    That depends on the country. I assume you are still talking about India of which I am woefully ignorant. But many places are extremely easy to start a company. And very advantageous as well. ie. Estonia.
  14. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I don't know anything about India, so I cannot answer that. Europe is quite easy. Most nationalities can be in Europe visa free up to 30 days in a 6 month period. And many of them will grant you a residence permit simply by buying real estate (different thresholds apply based on country)...
  15. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    @Ikke. Do they use airbnb, booking, vrbo, craigslist or what? I'm curiousbhow they determined rental rate. I base it off of local comparables. And only buy if you net cash yield is >6%
  16. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Just to be clear, this is not what I would consider a fastlane plane. It is a way to diversify your assets, earn some mostly passive income and live rent free around the world. If anyone is interested I can post one of the income statements from a property to show actual numbers.
  17. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Page 2 of the spreadsheet has an amortization schedule that it pulls the mortgage data from. I do run the spreadsheet on every deal before making any offer. While the ROI is always better with mortgage properties, my priority now is more on cash flow, not leveraging up to acquire more...
  18. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    The 30% was down payment I can run it many ways But you won't likely find a non resident mortgage with less than 30% down
  19. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Hi @Jamesdoesmith Agreed you can do it anywhere. The point of the thread was for those interested in a different lifestyle living in multiple countries and earning money while living rent free. I like the keyless entry. I have one with the same thing. No key exchange and no need to meet...
  20. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    And the DCF valuation is not a great measurement, but just a baseline for me to compare, but I use; Net operating income / ( 8% - 2% ) 8% represents a good rate of return on this type of investment 2% represents a risk free return like you may get on a 10 year US treasury bond

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom