All Forum Posts by: Ran Iarovich

Does anyone have any experience with investing in Dubai? What are the advantages and disadvantages of creating a real estate portfolio in that country? I assume that there is a high likelihood of appreciation and that rents are only bound to increase as more people flock to the country. 

Without a doubt, the city is shown in a rather "sexy" light and probably has a lot of hurdles for foreign investors but I was just curious as to what this community's thoughts were. 

I'm in Keller Williams and can attest that they have the best training out their. Started out 6 months ago and I can already handle the whole deal flow with knowledge on how to build my business from the inside (such as marketing, outreach, and investments). 

Now the question that comes is which is the best office to choose in Washington. 

I've interviewed the Seattle, Bellevue, and Kirkland offices and the choice is clear. 

If I can be of service, reach out to me privately so I can provide insight

Best,

Ran

Hi Dushyant,

Thank you for reaching out,

My Washington-based firm offers a one-time paperwork fee at a fraction of the cost for circumstances just like yours. 

Please reach out to me if there is any way that we can help,

Best,

Ran

Hi Nadia,

Thank you for your question and for reaching out. 

How are you going to be managing this property? Are management fees included in this analysis? 

If you are okay with losing money for some time before breaking profit then this could be a situational investment. 

With that being said, my golden rule is to always have cash flow that at least surpasses the debt service from the start of the sale. This is due to the hidden costs which would take even more money out of your pocket. Repairs, closing costs, and long-distance management all come to mind. 

With that being said, that is why I mention everything to be situational. Without knowing about the specific market, neighborhood class/report, your financial situation, or anything of that nature I don't think any comment here can give you the answer that you're looking for.

My best advice would be to contact an investor-knowledge real estate agent in the area of choice. Someone who has a track record of owning properties in the location and can direct you towards your goals for your empire accordingly based on their actual time and energy invested to build theirs.

I work and broker with over 10,000 agents across the United States using the highest measure of scrutiny and standards for their clients. Reach out if there is any way I can help. 

Wishing you the best of luck,

Ran

 

 Hey Dan, 

Glad to you have you in the community.

Like you, I am also a sophomore in college trying to go towards the same path of asset ownership as soon as possible. Engaging in this community, listening to podcasts, and constantly reading material are great ways to start. Real estate is exactly like a game of Monopoly. Every small step you take may seem small but compounds to unstoppable levels if played consistently enough. The next big step to take is to start developing your dream team in your area and see what opportunity you come by. Getting a mentor, lenders, agents, and contractors, will all push you towards crafting a community that you can engage with on a daily. 

With that being said, you'll learn everything you need to know if you stay persistent and disciplined with your practice and pursuit of knowledge. 

I wish you the best of luck

Ran

Good to meet you, welcome to the community! We are all here to help :) 

If you own any investment property's you can earn $20k to $30k using John Fracks with KBKG Cost Segregation and Tax Bonus strategies. Highly recommend giving him a call. https://www.kbkg.com/managemen...

Finding even breakeven cash flow in Washington is very difficult. Usually, Washington investing primarily focuses on appreciation. Your best bet is to invest now with the hope that rental rates will increase close to those of California.

Start interviewing lenders and see the different options they provide. Private lenders sometimes work out really well in this scenario. 

Please don't spam this forum