All Forum Posts by: Ronald Cvetkovic

And one video for @Joshua Dorkin 

Well I WAS very exited yesterday and now I am sad.

I don't know if you watched opening game yesterday!? It was good game with very poor referee. 

I am from Croatia and maybe you understand that I am little bit angry and frustrated, but today I am reading all major international sports portals and they all agree on one thing, the referee helped Brazil to victory very very much.

Welcome to the BP site @Paul Angell!

Good luck with investing

 you can call it that, but down payment as you have is not so common. You can guarantee with other real estate that is more valuable than real estate for which you are asking loan

Hi, I am from Europe, Croatia. 

Croatia is not "developed" country :) but I know that more and more people from outside Croatia want to buy real estate here. 

99% of real estate interesting to foreigners is on the coast of Adriatic sea. As Croatian I  must say that here is really beautiful coast with clear sea.

I don't know how things work for foreigners but I can write down how I purchase real estate and on what conditions.

Maybe through this example you can see how good is for you in USA to buy real estate :)

I bought small condo 495 sq/f with bank loan. Loan amount is 95000$ for 20 years and interest is not fixed. When I bought it interest was 4,8%. At the beginning my monthly payment was 560$ and now 9 years after my monthly payment is 830$  :(

It is mortgage loan but since it was real estate that was still building at the time mortgage is on another real estate (from my parents).  

If someone is taking mortgage loan, the value of the real estate must be at least 1.2 times grater then loan amount. 

Regarding down payment, loans are here mostly without down payment, and it is only good thing, bu that is because people here don't have money to down payment. But person who is taking loan must have some other "insurance instrument". It can be life insurance and some other person as guarantor for payment. For my loan it is my mother and for example if I stop paying the bank will take my mothers paycheck and she will be paying. Bank takes mortgage as last option.

I hope this helps :)

How you folks manage partnership with PM company that is not in your own city? Do you just hire them or maybe someone is using J/V partnership deal with LLC?

And yes... i disagree that you don't need calculator. You need it for calculating pure profit :)

I sure hope that Mr. Krulac is that bidder who got it :)

P.S. Mr Krulac do you maybe have roots from Croatia? Your last name is common here.

@Joshua Dorkin

The @ issue seems like not working for me any more. I dont get list at the bottom of this window any more. I have Mozilla, dont know if that is issue?

P.S. Thanks for changing my name

Hello Sean

First of all welcome to BP. Here you can learn many things and meet interesting people (speaking from my experience).

If I get it right, like you I am also overseas and for us it is not so easy to invest in USA real estate. So I hope that we can learn from each other in the future.

I added colleague request.

Regards,

-Roni