All Forum Posts by: Morgan Nilsen

Private message with details sent

I would like to invite everyone to our Real Estate Meetup that we are hosting in Dubai, UAE this saturday 19th of November. at 17.00 (5PM) The Location is 'The Cribb' on SZR. Easy to find using gps.

Free parking is found outside the building.

In this weeks meet up we will discuss general real estate topics. The impact that the newly elected Trump administration will have on real estate. We will discuss the buildup of partnerships and many other topics! 

Looking forward to seeing you there!

Hello, I got an LLC with my wife in Indiana. We got 2 single families there and we started investing early 2016. We are both foreign investors, who live in Dubai, UAE.

We need a CPA to assist with tax planning, bookkeeping and general CPA advice. We need a CPA that can communicate with us using Skype, and someone that understand the challenges of real estate tax and how it relates to foreigners. 

Any contacts or advice is much appreciated.

Hello Mr Hanif! and welcome to the BP forums. ill post the expenses i factor in when i analyze a deal. u can then put in your variables and determine what your deal looks like.

Rental income: 4000

Maintenance: -600

Mortgage interest: -837.5

Vacancy(one month): -333

Management fee: -400

Insurance: unknown

Taxes: Not relevant today

Mortgage principal: unknown

Utillities: unknown

Marketing: unknown

When you determine these monthly costs you will come up with a monthly cashflow. then you must decide if your return is good enough for you.

when the interest rates are this low you want to borrow as much as possible and pay down as little as possible to maximise ur investment

hey Luca. I have some thoughts of the matter you present. First of all, im super impressed with your dicipline for saving. Very impressive. Second, whats ur primary goal for investing? Do you have a stratety?Dubai might not be your best fit, depending on your strategies are. When it comes to owning real estate in dubai, i think it is wise to consider the unpredictable nature of the political system. This week gulf news wrote that the President of UAE has rounded the federal tax authority. This will impact ur investents here for sure. If u want cashflow and if you are comfortable letting others run your business u should look to other markets.

If however you are set on Dubai, i think you should limit your P&I by paying slowly on the rent. In a growimg market, the less you pay the more you keep for further investments

hey Mr Parker! Great plan, altho im pretty certain that there are banks here in Dubai that will allow u to finance from here. Not that you need it. I currently invest without leverage in the USA too, and im based in Dubai.

We have meetups here in Dubai too. PM me your details if you wish to be a part of our group! 

Hello @Helga Hegedues! Welcome to the forums! Im originally from Norway, but currently live in Dubai. I have looked at investing in Budapest myself and I think the market looks really great. Especially districts 5,7 and 8 and 13! I chose not to invest in Budapest myself but you probably know a lot of people in the city that can help you out. Not to mention the language! I believe the apartments in Budapest is very reasonably priced compared to the rental income, and I predict very good things to come for the city.

If you want to invest at a distance, you should consider getting the following people on your team: Lawyer, Property manager, accountant, real estate agent, experienced investors to ask advice from, mortgage broker.

Great books to read: Rich Dad, Poor Dad...The millionaire real estate investor... The ABC's of Real Estate investing... How to invest with no or low money down

Im happy to talk more to you about investing if you like! Just drop me a message any time.

im back in dubai. Feel free to create an event!

please forgive me if im out of line here, but it doesnt sound like you understand the implications this has in full.

Ill try to explain and you can see if this makes sense. 

A little over a year ago, 1 dollar cost 6kr. Today its 8.3kr gor the same dollar. That is an increase of 38%. Which is substantial. Anything you want to buy with kroner that is asking for dollars is now 38% more expensive. And thats not even calculating the exchange rates banks will charge you on top of this.

Now thats comparing spring last year with summer this year.

Suppose, we try to look forward a few years. Lets say 3 in this example. You bring your mothers $100,000 over to USA at a cost of kr 830,000. Suppose you make $50,000 which is more like $20,000 after taxes and all expenses in those 3 years. In the same time frame, the dollar has gone down to 7kr. And suppose you wanted to bring your money back to Norway at that time. $120,000 is worth kr 840,000kr if the Dollar is worth 7kr.

So 3 years down the line, all that work, all that risk... gets you kr 10,000....

Buying real estate in other currencies can be enormeously profitable if you buy when your currency is the strong one. Then you get an extra turbo. 

Suppose we flip the example. Lets say you started 3 years ago investing in USA. You have kr 830,000 that you changed into $138,000, at 6kr per dollar. Again you make $20,000 in 3 years. Now you got $158,000 that you buy Kr for at kr 8.3 per dollar. Thats kr1,311,400. A huge boost! Kr 481,400kr on $20,000... thats making the money work 3-4 times as hard. 

This post got pretty long but I hope it served as an eyeopener