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  1. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Forgive me but I am working off a mid 2 digit IQ. So to clarify, you are saying that if I estimate my occupancy rate for a short term rental is 15 nights per month, then I should "cushion" my calculations by 10% (for example) and estimate an occupancy rate of 13.5 nights per month?
  2. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    To clarify. I don't understand what you "5-15%" calculation is a measurement or calculation of. Can you elaborate? Sent from my SM-G900FD using Tapatalk
  3. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I don't understand what you are saying here. Can you elaborate? As for the model, I research the market to determine estimated occupancy rates. For example, I can pull data from airbnb or vrbo sites for similar properties and get a rough estimate of vacancy rates. For example, I may look at...
  4. GlobalWealth

    I was there and now I'm here - Fastlane

    INTRO 
    Labdien Martins. Sent from my SM-G900FD using Tapatalk
  5. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    @MTF, yes I agree. There can be numerous benefits to real estate if bought properly. A wise re investor once told me you only make money in re at the beginning. My interpretation of that is the price you pay is critically important to your long term gains. There is a very famous investment...
  6. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I really think this is a personal question subject to each person's goals. If you can earn 10% in foreign property or 10% in a p2p lending platform, but the property also gives you a place to spend time when in that country, then all else being equal, why not buy the property? If you have no...
  7. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    First of all, I like to look at places where i personally like to visit. Secondly I look at places where the income is low, but local purchasing power is good (as you noted). I like capitals or tourist towns that get a lot of regular visitor traffic. For example, I would never choose...
  8. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I was in Budapest in August. This is one of my top picks in Europe right now. For good properties in the center in district 1 or 5 you should be paying around eur1000/m2. That can be very attractive for short term rentals.
  9. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    Yes you can deduct depreciation on foreign real estate as well as mortgage interest (if any) and any other related deductible expenses. If residential the depreciation is over 27.5 years though, commercial is 39 years.
  10. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    I also have a report my pm provides each month to me that is reconciled with the reservation systems and she provides me with expense receipts. I created the spreadsheet report so I get what I want to see. She just fills in the blanks. All guest reservations sync with my google calendar as...
  11. GlobalWealth

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    As others said, if you use airbnb, vrbo or similar, you remain in control of the cash flow as guests pay through the respective reservation system.
  12. GlobalWealth

    Who's gonna pay for it? (Why those evil 1% hoarders!)

    HOT! 
    She is dumber than a bag of hammers Sent from my SM-G900FD using Tapatalk
  13. GlobalWealth

    Call for Speakers, 2016 Fastlane Summit (Taking subs now!)

    MEETUPS 
    Thank god. I suspect @LightHouse was going to try to sell me his glow stick thingies Sent from my SM-G900FD using Tapatalk
  14. GlobalWealth

    Call for Speakers, 2016 Fastlane Summit (Taking subs now!)

    MEETUPS 
    Call me Bobby. And how can you possibly make poor decisions without making poor decisions?
  15. GlobalWealth

    Call for Speakers, 2016 Fastlane Summit (Taking subs now!)

    MEETUPS 
    Jack Daniels Mudslides? And email sent.
  16. GlobalWealth

    Do you rent or own?

    OFF-TOPIC 
    You never own. You only rent from the govt. Stop paying property tax and you find out who really owns very quickly.
  17. GlobalWealth

    The 2016 Fastlane Summit (Tickets, Dates, Etc.)

    MEETUPS 
    I will throw in my hat as a speaker. The topic I would like to present on is related to my post here: https://www.thefastlaneforum.com/community/threads/live-rent-free-in-multiple-countries.59964/ I would present on a unique real estate investment idea of buying properties in multiple...
  18. GlobalWealth

    2016, Fastlane Summit (Preliminary)

    MEETUPS 
    Looks like I win @LightHouse....deal with the anguish Sent from my SM-G900FD using Tapatalk
  19. GlobalWealth

    2016, Fastlane Summit (Preliminary)

    MEETUPS 
    Really!? Trouble at home? Sent from my SM-G900FD using Tapatalk
  20. GlobalWealth

    2016, Fastlane Summit (Preliminary)

    MEETUPS 
    Officially yes. But many go 1-2 days before and after. Sent from my SM-G900FD using Tapatalk

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