Start Property Investing: The Example Of A 25-Year-Old Co-Owner Of Properties For Over $9 Million
Many people choose to deal with the investment activity to build their wealth. There’re frequent questions, what they should start with and how to diversify a portfolio. Today real estate market is one of the promising ones. That’s why investing in the right type of property, people can earn much money even without a huge experience and connections in the industry. DGY is a reliable real estate investing company, which is ready to resolve any issues and assist every businessman, who desires to invest in property in Ukraine.
The story of one guy
Someone might think that to make a fortune without experience and the sustainable support of sponsors is impossible. There’s a guy, who came from India and proved to the whole world it’s not true.
Many people know Sahil Mehta, who managed to sell his first property when he was just 18, getting a profit of $2 thousand. The guy was a student and worked at Sotheby’s (a company dealing with property in Berkeley). Mehta had been trying to save money together with his brother since 2015. Two years later, the brothers acquired their first house for $950 thousand. The final income from the sale is indicated above, so it was a good start for two young men from India.
By now, the brothers are the owners of five properties, 4 of which they rent out. The last one is used on Airbnb. Their pure income totals about $25,000 monthly. These lucky brothers are not blessed. They have seen troubles and failures. For instance, in 2020, the duplex for reconstruction was purchased. However, local authorities didn’t give permission to transform it into a single-family house. As a result, Sahil lost thousands of dollars. But he didn’t give up and concentrated more on analysis.
What’s the right way to start?
It might seem risky and difficult to start a property investing activity. However, everyone can look at the example of Sahil and even follow his recommendations to try building their wealth:
1. Choose your way (or make a plan). For Sahil, it’s the first and most important stage. There exist various types of investment, so it’s essential to understand, which one you are interested in. When thinking about a strategy, everyone should remember that each property has its own risks and price. Thus, it’s recommended to estimate the available budget, readiness to risks, experience, and time, which can be devoted to the activity.
2. Mathematics rules. Sahil appreciates his experience at Sotheby’s because he managed to learn how to estimate cash flow and possible profit from the property. It’s crucial for any investor to be able to make such calculations beforehand. Being able to organize and manage a budget, an investor can build an effective financial strategy, where all expenses and emergency repairs are taken into account.
3. Think creatively. There’re dozens of platforms, which are used by many people to find a property. It’s better to be more resourceful. For example, try searching for a good offer in real life. Drive across the neighbourhood or visit your favourite district to find a nice property to invest in. It’s also possible to contact real estate agents to know about the offers, which are going to be published.
4. Keep your brain cool. Never hurry up to make a decision, even if an offer seems very appealing. Deep research is always a must to avoid mistakes and losses. Keep analyzing and calculating ROI. It’s better to find a place or a person, who can share the experience to let you know more about the industry. A good real estate investing company will be very helpful.
5. Split the expenses. Two brothers collected the required sum of money together. If you have a reliable partner, you can acquire valuable property faster.
Everyone has a chance to become a real estate investor. However, there’re a few issues, which can influence your success or failure. It’s necessary to be ready to take responsibility, know what you want, and have enough money. To make a profitable investment, contact the agents of DGY. We are a real estate investing company known for the great experience in the industry. Our specialists know the property market, follow the current trends, and can assist you in making a successful property investment in Ukraine. It’s beneficial due to the wide market, affordable prices, fast returns (thanks to great renting possibilities), and many other advantages.
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More about DGY
DGY is a real estate investment and property management company. Our experts have an impressive experience in turning businessmen into smart real estate investors. We collect limitless opportunities throughout the world’s best real estate markets and help our clients implement the best deals. We take care of all due diligence and customize documentation while your income grows. We also provide you with property management services so you can forget about the tiresome maintenance of several objects and entrust this process to professionals.
Investment advice and recommendations
DGY is an investment company that takes care of every client and helps them become successful investors. With the help of an investment experience and a well-thought plan, we will help you examine the market, choose a strategy specifically for you or your business, and calculate future costs to start making money with real estate investment.
In order to invest in real estate, you should consider how you will run your management in Ukraine. DGY will help you eliminate all possible pitfalls at an early stage as a personal project manager will be assigned to your case. They will assist you in choosing the project according to all required objectives.
DGY Investments takes care not only of purchasing property but also renovating an existing one. With the help of a thorough plan and estimating, we will thoroughly prepare a property for sale. Our professionals evaluate an investment property and create a strategy that includes the costs for renovation, possible taxes, fluctuations on the market, etc. Therefore, our clients are able to resell the renovated properties in Ukraine with more than 15-20% profit from the initial price.
Before our clients decide to deal with real estate investing, they consult with our experts concerning details such as the necessary documents needed to purchase a property and successfully run all the processes connected to it.
Therefore, if you are eager to invest in Ukraine, it’s essential to have all the paperwork done correctly, and that’s the moment when our team of experts takes care of this step. DGY Investments helps investors buy real estate property, manage the paperwork, start preparing relevant documents for purchasing realty in Ukraine, and close the deal successfully.
Real estate investment opportunities in Ukraine
When an investor decides to invest in real estate in Ukraine, the most affordable way to attain stable passive income is through buying residential real estate. Investors can expect to receive a regular monthly payment from their tenants at a fixed monthly amount, unaffected by inflation or other unforeseen circumstances. The amount of rental income will vary depending on the size, type of property and location. For example, buying an apartment in Ukraine’s capital Kyiv is beneficial to investors due to offering a large working population, central location and affordable prices. Hence, the minimum price of renting a decent one-bedroom apartment in Shevchenkivskyi District will be around $1000 per month in 2021, followed by Pecherskyi District with a cost of $850 per month. Besides, investing in real estate in Ukraine annually brings clever investors up to 15% of yield, attracting many business people every year.
Properties for investments in Ukraine
Ukraine has a giant sector for real estate investing. Businessmen who come there all over the world often choose between investing in residential and commercial properties. The main advantage of buying property in Ukraine is the affordability of prices on the houses and apartments. For instance, if you invest in real estate in a historical district, a luxurious apartment will cost you around $85k only.
How to invest in Ukrainian Real Estate
In order to invest in Ukrainian real estate, you should take into account a list of crucial factors. The first one is to choose what kind of realty you are going to invest in: residential or commercial. It is vital as it should comply with Ukrainian real estate law. The second tip is to identify the purpose of purchase in order to make a strategy for the property. For instance, you may purchase the property for your own use or buy it for lease. The next step is to calculate the taxes and what kinds of taxes are payable during the purchase, owning, or selling. Also, to invest in real estate properly, you should keep in mind currency control rules in Ukraine to sell a property and get a higher profit.