Offically Brought My First and Second Home in Europe

[Octavian]

Hello. It is me. @Calaf

how is the libya business going

 

[Qali]

Hello. It me.

Yah you, that rating was an accident, you buying that house was an investment tho

 

[Qali]

again why

Idk Garen, why?

 

[Calaf]

how is the libya business going

 

[BenInHer]

your assets seems like a liability.
2dollar properties are mostly located in crime ridden areas..

why not get a loan for 50k, buy a condo for 250k. then rent the property out on airbnb, or locally. use your parents basement as an office and tax right off.

 

[Calaf]

your assets seems like a liability.
2dollar properties are mostly located in crime ridden areas..

why not get a loan for 50k, buy a condo for 250k. then rent the property out on airbnb, or locally. use your parents basement as an office and tax right off.

It is a game I am willing to pay, these homes and investment would allow me to continue with my education and is not a really big risk for now. Later on, when I am more capable, I shall do more properties. These are anyways neither a gain or a loss, just a life lesson. If it works, it works, if not, then it is a lesson

 

[Octavian]

looks like interpool is catching on

 

[Calaf]

looks like interpool is catching on

I do not condone any type of these behavior and I curse those who commit these atrocious acts of barbaric torture. May Allah ease all these people pain. Amen

 

[Octavian]

I do not condone any type of these behavior and I curse those who commit these atrocious acts of barbaric torture. May Allah ease all these people pain. Amen

nice apology kkkkk

 

[BenInHer]

It is a game I am willing to pay, these homes and investment would allow me to continue with my education and is not a really big risk for now. Later on, when I am more capable, I shall do more properties. These are anyways neither a gain or a loss, just a life lesson. If it works, it works, if not, then it is a lesson

you want a life lesson too be postive in a negative way, and not setting your self into thinking its a rigged game.

 

[Calaf]

you want a life lesson too be postive in a negative way, and not setting your self into thinking its a rigged game.

Basically a more of a test, since it is a one in a lifetime opportunity. And it is cheap too. So more of a investment.

 

[Invader]

Can Non-Italians purchase it?

 

[Calaf]

Can Non-Italians purchase it?

Yep, pretty much any person can come and buy it if they are dedicated to refurbishing it

 

[Ras]

Yep, pretty much any person can come and buy it if they are dedicated to refurbishing it

If you're going to pay for the refurb for two houses why not start a construction company to recoup your investment?

It's going to take a lot of your time to properly fix them up even if you're not doing the work.

You don't even need permanent full-time staff.

Just create a company, subcontract the work to other teams and use it as a case study for future jobs which you can outsource or scale up in your own time.


Refurb jobs tend to have some great margins for the contractors. Half a dozen projects and you'd make enough to buy more properties and you'll have the know how on how to profitably add value to them.