Quote: (04-03-2013 10:45 AM)PROD3GY Wrote:
No worries guys, ill do the rest sometime soon.
@POHammer
Just one bedrooms? That not really feasible if you just plan on renting to one tenant to cover your mortgage. If so, combined with the time you would spending on the project doesn't seem like a good investment. You should try and look at 3+ BRDMS near universities and then living in one bedroom while your in town and having 2 hot chicks living in the other bedrooms. Never know you might get a bang or two from it,.
I doubt I could get a bank loan in Poland or Ukraine, but I might look into it. I was thinking about buying property with family money, sort of like a bank deposit. Ex 50,000 property and then renting it out for 200/month. (Thats what local rates are.)
There is also commercial property. Retail space at the market can be bought for 20,000 and rented out at 200-400/month (but that requires maintaining the booth such as cleaning and repairs, while a merchant uses it to sell stuff from).
These are better investments than bank deposits and very safe, but not insane profits. A sensible investment for the long term.
I'm still not sure what the deal is with loans is. In Europe you need a full time job and considerable income.
PS. PM me if you want info on the commercial or residential real estate. If you are in the region I could give you a hand with contacts, translations in Rus/Pol. Personally, I'd just like to see how the buying process unfolds by observing someone do it first.