All Forum Posts by: Paul Jovaisa

@Juan Pardo

I think main driver for price appreciation is economic growth. A lot of companies moving to Baltic states, salaries is rising. Affordability for real estate is at record highs. Also people moving from country side to bigger cities. Emigrants coming back from west.

After 2007 crash people was scared to invest in real estate. When I started buying properties around 2015 people was thinking I’m delusional with my goals. Now very same people starting to buy.

One property I bought with mortgage others cash. Sold last year two apartments which I bought in 2016. I paid for them around 100k in 3 years with cashflow including i doubled my money.

Norway has quite high prices and ROI is around 5% for cash purchase. But Norwegian krone is at record lows,47% down since 2013 against dollar. Good time to buy if you have dollars or euros. As some one mentioned before check out FINN.no this is only website for real estate.

@Walter H.

Difficult to say, but if you think about price differences in Western Europe capitals and Eastern Europe capitals it’s a big gap. I think at some time in the future those differences will equalize, specially with Eastern economies growing at much faster rate. Wages going up. But then again if it comes another economic crash... For me to really just on appreciation it’s a bit of gamble, I’m more of cashflow investor.

@Walter H.

Yes if you can buy it for 2017 prices. Have few apartments in Poland neighbor country Lithuania. Bought it in 2015, average ROI on my investments 15%. But to compare with if I bought those in 2020 ROI would be around 5%.

@Charles Carillo

My business partner living in South NJ, so we looking around that area. Want to start with single house maybe duplex fixer upper. Not having expectations to refinance it as it’s gonna be my first project in US, don’t think banks would work with me. But if everything goes the way it should, will do more deals. Specially now with COVID-19 US being hit so hard i would expect price correction.

@Nat Chan

Thanks I’ll try to look in to it.

@Shay Yehuda

Hi thank you, i will do that.

@Basit Siddiqi

Thank you so much. Really useful information here.

Would appreciate if you have time to answer one more question. Can foreigner use 1031 exchange?

Hi. I’m a real estate investor from Norway, looking to set my foot in to US market. Anyone from international investors can share their experience? I have questions:

How do i buy house without social number?

I read that it’s possible for foreigners to get ITIN number.

Is there any tax on funds you transferring to US from Europe?

Is it difficult to open bank account?