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Topic: Idea,need real estate the good one in good location and it can give good income - page 2. (Read 427 times)

sr. member
Activity: 798
Merit: 364
There are multiple discussions on real estate on this board. Personally, tired of having to comment on each one of them.

OP, do you search "real estate " in this board and you will find several discussions on real estate perhaps if you read through you will get the response you want on each slide of the thread.

That's the best contribution I can give to you. If you get what you want later on, feel free to lock the thread to avoid random and spam posting.

I think this is a different discussion thou it's possible things like this have been discussed before. The topic is misleading, it's not just about real estate ideas or how profitable it is as indicated in the topic. Perhaps, you didn't finish reading since you thought it is a familiar thread. Here, Op is looking for partnership that can provide money while he carries out the necessary task to ensure profits are realised at the end of the day.

Unfortunately, things like that don't longer work easily. Of course, everyone can preach honesty online and act differently against their words. Moreover, escrow can not prevent scam from playing out here since it's not a circle transaction. What do you intend to keep as an escrow since you say you have no money? Do you have property to put at stake? It won't even work that way since this is out border deal. The best advice is for you to look for people around your community who are interested in your idea.
hero member
Activity: 2688
Merit: 588
Perhaps he has all the financial resources to make it happen but like you said those kind of investment is mostly important doing it at your place of residents because challenges can arise in the future were the person may not fit in the necessary criteria to own an estate in another country because as time is going that's possibly how some country policy is also changing and the best suitable way is actually if the person is a resident to that country, however I would have suggest having a company on those countries instead but it still fall under the chances of real estate, so actually I think is best to diversify those money on his country instead to avoid traveling all the time because of emergencies or other matters.
Technology have got far all throughout the years and many things are digitalized now (thanks to the help of the internet), therefore it is also possible to own a real estate on other countries even if you are not really there because they can just hand you the documents over the internet or straight to your e-mail's boxes. Maybe that was true that investing in real estate had some certain criteria. It can be a hassle to some but in cryptos, investing is only easy. This is one of their advantages. In real estate investing, once you pass the criteria, I think you won't experience an issue anymore later on and if in case you are not fit there, just move on to the others.
legendary
Activity: 4424
Merit: 4794
every city you mentioned has its good and bad area's
I am just here wondering how rich OP is considering he is thinking about buying real estate properties in different countries. Usually people tend to just buy real estate properties in their own country. Probably for easier maintenance and surveillance.

It also helps that you are most likely to be aware and understand of the laws and everything legal matters in your own country where you are a citizen of. I am sure there are some peculiarities when you buy assets in a country you are not a citizen of and that sounds like extra work.

its not just that he pretends he has a dream to buy property in other countries (though sounds like a scam) . but lets pretend he was genuine..
so imagine he done one of them online auctions to buy a property.. he has no clue the condition of the building and would need to pay for renovation costs and such. then a management company to manage tenancies and also all the local government property tax stuff

without knowing anything he cannot even dream of profit without knowing the basics

..
so its not just his lack of knowledge of potential area's to invest in. or lack of knowing how real estate actually works.. but many other things that reveal that he has no experience or history to show that he is even worthy of being a partner in such deals (though i doubt it was a real deal in the first place, it reeks of scam)
full member
Activity: 728
Merit: 217
Investment is good but the thing is that we should know the key of any investment that you want to go into because when you don't you're fair not understand the kind of investment I want to go into it will be difficult for you to Excel for the business or for the investment because real Estate business is good but for you to extend it to a different countries that means you will have the knowledge and you have been practicing locally and also in your own country and it has been a good business for you, but a process whereby you have not understand such principles of investment in real estate management I don't think that is good for you to extend it to a country that you are not originated from or it will be easier for you to control in your country than another man's country
sr. member
Activity: 2828
Merit: 357
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Can this plan works?
Im motivated to collect funds then we see how much we have i'll contact with realtors and deal done.
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Im looking for people who has money and want to invest Im honest i have no money my own but i'll organise this all
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Since i don't have Job anyways i can be right person to handle this all.
I am sorry, what?

This doesn’t make any sense. Why would you be the one to collect the money? No hard feelings mate but I will be blunt. If you don’t have any money of your own, no property of your own, no job then you have nothing to offer and no one would want to partner up with you and buy a property to earn from. How is that fair? You will be asking for money from others then benefit from it just because you collected it? Lol. That doesn’t seem fair. And anyone who is interested in this kind of business set up is sure to fail.

It’s either you find a job of your own and save up money of your own to buy a property or don’t try to scam other people of their money.
sr. member
Activity: 1400
Merit: 268
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The Dubai real estate market is quite good this days, with very good rental returns in hotspots such as Dubai Marina and Downtown. However it is still susceptible to the global economic conditions, if there is any recession or decline in the price of oil would result in significant price corrections. Buying with cryptocurrency is possible in Dubai, but every market has different legal and tax considerations. Also, I think managing properties in different locations will be very challenging, there will be things like fluctuating demand and local competition.

When you add escrow to crowdfunding it will be more complicated, there needs to be a lot of trust, but more so, transparency when pooling multiple investors' money together. Laying out the legal agreements and strong frameworks for protection will be important for all involved. High-end properties may get you some profit, but success in real estate usually depends on thorough market research, planning, and long term commitment.
sr. member
Activity: 700
Merit: 270
Can this plan works?
Im motivated to collect funds then we see how much we have i'll contact with realtors and deal done.
Possible locations Im interested to buy:
Dubai, Miami ,new York, Beverly Hills (LA), Monaco, french Riviera, London , spain.
Places like Dubai could be good there is a lot demand and as far i know you can buy with cryptocurrency easy any property in dubai.


For short term rental basicly renting out with RNB i was looking the prices it's insanly expensive you could get something like 300$-500$ easy for just one night.  
Off course not one person has that kind of money to buy properties around the world in good locations but If we unite together and buy property on good locations where is always high demand it's great income.- that's why we really need property at top locations so rich pays who ever rent out with good prices like in Monaco If we could own just one property there it's literally "money printer"and if we get property with good view then it's best so we want to have the best properties so we always can have high demand by people and higher rent price.

Im looking for people who has money and want to invest Im honest i have no money my own but i'll organise this all off course nobody not going to trust stranger like me but we can set up escrow once funds are collected in escrow i do provide evidence the info and possible property and If we all agree with terms we take this property and start renting out even If we collect funds for just mortgage downpayment you can make your monthly mortgage payment + extra profits.
Since i don't have Job anyways i can be right person to handle this all.

I could do this under the company or as person but i guess better way is to do under company as registered limited company maybe in UK wich is easy process.
Im myself european citizen

But wich escrow service we could use for that ? Can we use this btalk forum escrow ? i think it's great way to collect funds by crypto then we see how much we have and then we can agree wich property we will be taking and how we share revenue of the rental income off the more luxury our property are the more we can earn, and we can use this property for our own needs If anyone of our team members want to travel or need some accumatation for longer or short time stay then can use property.
and from that cash-flow we could finance other projects aswell one good idea would be coffee or other food place the location is key and remember MC Donalds started business empire because of real estate first they had a lot properties so they started the McDonald's business empire so we need to build our own empire aswell and i can be that person who organise everything for my team.

Sure it's a lot work even If we have collected enough funds but untfortunately easy doesn't existing and hard work pays it's hard work when we start but later after 3 years Im sure it will be well rewarded.aqLllq
So this is my idea i would love to get opinion of those who got some real estate experince what you guys think about ?
The Idea is a good one, there are lots of trusted escrow in the forum you can use, but the problem is seeing enough persons that will key in into these project because there is a lot of convincing to do before the Idea can be bought as their funds will be involved and not only that, Locations too will  also be a major issue, lot's of the forum members are cut across the globe, some don't even have international experience to travel to Europe and some other countries you've mentioned to go and verify some of the properties that will be bought, so resolving some of this lacunas needs broader explanation and insight.
hero member
Activity: 588
Merit: 466
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I am just here wondering how rich OP is considering he is thinking about buying real estate properties in different countries. Usually people tend to just buy real estate properties in their own country. Probably for easier maintenance and surveillance.

It also helps that you are most likely to be aware and understand of the laws and everything legal matters in your own country where you are a citizen of. I am sure there are some peculiarities when you buy assets in a country you are not a citizen of and that sounds like extra work.

Perhaps he has all the financial resources to make it happen but like you said those kind of investment is mostly important doing it at your place of residents because challenges can arise in the future were the person may not fit in the necessary criteria to own an estate in another country because as time is going that's possibly how some country policy is also changing and the best suitable way is actually if the person is a resident to that country, however I would have suggest having a company on those countries instead but it still fall under the chances of real estate, so actually I think is best to diversify those money on his country instead to avoid traveling all the time because of emergencies or other matters.
hero member
Activity: 686
Merit: 987
Give all before death
Im looking for people who has money and want to invest Im honest i have no money my own but i'll organise this all off course nobody not going to trust stranger like me but we can set up escrow once funds are collected in escrow i do provide evidence the info and possible property and If we all agree with terms we take this property and start renting out even If we collect funds for just mortgage downpayment you can make your monthly mortgage payment + extra profits.
Since i don't have Job anyways i can be right person to handle this all.
Not having money or a job makes you the wrong person to handle this kind of business. People might be more comfortable in joining resources with others to fund a business. Not having a job can also expose you to think of scamming others since you are not financially stable. 

Quote
I could do this under the company or as person but i guess better way is to do under company as registered limited company maybe in UK wich is easy process.
Im myself european citizen
Company registration documents can be easily forged. It will be better if you seek funds within your vicinity. People you know physically might trust you more than individuals you meet on the internet. 

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So this is my idea i would love to get opinion of those who got some real estate experince what you guys think about ?
I don't need to buy properties in Dubai, Monaco, London, or Madrid to invest in real estate. I can start investing in choice properties in my country. There are also trusted real estate companies that offer better and safer investment options.   
full member
Activity: 2590
Merit: 228
every city you mentioned has its good and bad area's
I am just here wondering how rich OP is considering he is thinking about buying real estate properties in different countries. Usually people tend to just buy real estate properties in their own country. Probably for easier maintenance and surveillance.

It also helps that you are most likely to be aware and understand of the laws and everything legal matters in your own country where you are a citizen of. I am sure there are some peculiarities when you buy assets in a country you are not a citizen of and that sounds like extra work.
newbie
Activity: 14
Merit: 0
You mentioned you don’t have any personal capital to invest and that you’re organizing this venture on behalf of others. While it's not uncommon for people to start businesses without initial capital, the lack of financial stake on your part may raise concerns among investors. Trust is crucial, and in a situation where you are acting as a "middleman," the potential for perceived fraud or mismanagement increases.

Yes yes i understood a lot people have the limits on their minds and are afraid of succcess and growth.
that's all right i'll build some another business little smaller
jr. member
Activity: 45
Merit: 1
You mentioned you don’t have any personal capital to invest and that you’re organizing this venture on behalf of others. While it's not uncommon for people to start businesses without initial capital, the lack of financial stake on your part may raise concerns among investors. Trust is crucial, and in a situation where you are acting as a "middleman," the potential for perceived fraud or mismanagement increases.
sr. member
Activity: 588
Merit: 338
The OP has excellent ideas regarding real estate and how profitable it can be for investors in the sector, but he shouldn't be shocked to know that almost every adult knows this. He's not the only one that is passionate about going into real estate but don't have the funds, so it takes more than just registering in an anonymous forum to look for investors for his vision project. I seriously doubt that any member of this forum who has the funds will want to risk it on a newbie who probably doesn't have any experience in the field. I'd advice the OP to take the advice that he's been generously given on this thread to start from his country of residence and when he gets local investors to partner with him and they own properties, then he can use his resume to attract foreign investors for bigger projects in other countries.
full member
Activity: 28
Merit: 7
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If you do something in a good location, you can expect a good income from it, but you first have to understand what kind of place you want to go. You have to know what you want to do in that place after you have selected a good location. You have to see which ones are doing well around you or which ones are good to do. It would help if you chose which position will work well for that location.

If you can do something good according to the location, a good income will definitely come from there. Suppose you are trying to do something near a hospital, then you have to see if you can do anything near the hospital; if you can do something about any medicine or medical sector if you can give something better than others, something good will definitely come from there. You have to completely select what you do according to that position. It will work well, and something good will come.
sr. member
Activity: 546
Merit: 265
Being honest, you have got a very good and luxurious ideal here on how one can create wealth. Interestingly going to be for a long term investment since it is to be a real estate assets.
But let me tell you, everyone has similar luxurious investment ideal but lack of funds to start it up just like you, some too would face management challenges because not everyone business ideological persons has a good management characteristics.

Just saying that nothing much is unique from your thoughts  and I would advice you not to engage on this expensive as a course of borrowing money before actualizing it.
Not saying borrowing money to invest is a bad one but the implications is that "Venturing into a new business is like running an experiment" "Which means it would work as planned or fails as planned".
Then you will become indebted not fit enough to pay back your debt in the rest of your life since you claims not having a job and no saving to support this ideal.

So I will suggest you should dream lesser and start from what you can afford according to your worth just as you referenced the MC Donald.
The risk of this your ideal is just too high but though a good one for those who has the guts to face the predicaments without regrets.
full member
Activity: 308
Merit: 142
There are multiple discussions on real estate on this board. Personally, tired of having to comment on each one of them.

OP, do you search "real estate " in this board and you will find several discussions on real estate perhaps if you read through you will get the response you want on each slide of the thread.

That's the best contribution I can give to you. If you get what you want later on, feel free to lock the thread to avoid random and spam posting.
legendary
Activity: 3122
Merit: 1102
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I believe everyone know that real estate could be a profitable business and when someone buys properties in good locations then there's chance to earn enough profits by renting the properties or by holding those and selling once rates increase.

But, most investors don't really invest their money in real estate these days, and the ones who invest their money in real estate have enough funds and contacts that they doesn't need a third party involved in those deals.

If you really want to exhaust the potential of this venture, you should at least be familiar with the area of where you want to purchase the real-estate. Hard to rely on a third party to do the dealings for you. You can easily end up without profits from this venture. Because if you are not in that place and you are just directing someone to do the transactions for you, you won't know the real condition of the property.
hero member
Activity: 784
Merit: 672
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I believe everyone know that real estate could be a profitable business and when someone buys properties in good locations then there's chance to earn enough profits by renting the properties or by holding those and selling once rates increase.

But, most investors don't really invest their money in real estate these days, and the ones who invest their money in real estate have enough funds and contacts that they doesn't need a third party involved in those deals.
sr. member
Activity: 490
Merit: 397
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Well in sincerity all I see here is a Dream.
Even with escrow evidence can be forged
And since you plan on taking the organizing and the physical aspects
It would be best if it's done in your country to reduce cost and complexities with documents on procuring lands from other country.
A nice one, I'm a fan of real estate myself but would advice you start lower before going this Big.
Rentals wouldn't give you massive reward compare to your investment in 3 years
It takes more than that.
newbie
Activity: 14
Merit: 0
every city you mentioned has its good and bad area's

concentrate on locations(streets/suburbs) that have local amenities and understand the type of customer you wish to be renters

for instance if its near a hospital, aim to promote the house to doctors(high income)
or if you are looking to air BnB look for locations near tourist/entertainment/sports venues

as for you looking for investors... well if you cant show experience and funding records of already doing real estate, no one will invest in you, especially not strangers you/they met on the internet.. basically you mentioning lots of locations around the world means that you are not even bothering to want to manage the location near your own personal location, nor wanting to register a company in your own name/location. this scares people(red flag) as you want to just take money and not have responsibility. it also shows you have lack of a plan, by just spouting out random cities

if you cant even get a relative/friend/work colleague/your own bank to invest in you and instead you want to seek stranger investment. it starts raising more red flags, especially with the other things said about your lack of understanding the area's/customer types

by the looks of your proposal such as not using locations near you to manage, not understanding the advantages/disadvantages of each city you did mention. and not having money to help. shows you are not offering anything yourself to any deal. anyone else can just do their own property search without you and get same results. so why need to involve you or hand funds to you... makes no sense apart from revealing dozens of scamming possible red flags..


Ok as you wish i guess god have better plans for me then this one i'll keep searching thanks for opinion!
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