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6 September 2024 | 8 replies
She was very friendly and work with us.
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10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?
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7 September 2024 | 6 replies
Or some government program to get the panels at no cost?
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11 September 2024 | 8 replies
Be sure to research how easy or difficult it is to work with your local housing authority, They can make or break it.
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8 September 2024 | 13 replies
And half the time I catch something, even with contractors we have been working with for years.
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7 September 2024 | 8 replies
this is too specific and I have no clue what fee this is...is it an onboarding fee?
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4 September 2024 | 0 replies
Hi all, I recently began considering creating small listing pages that can be accessed by scanning the QR code on the sign outside of inventory. I made this page a couple of days ago and would like to get some feedbac...
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10 September 2024 | 7 replies
Recommend you work backwards. 1.
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10 September 2024 | 4 replies
Depends on the scope of work.
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10 September 2024 | 7 replies
You can always contact a company with vending machines, have them set up, and split profits.If it works, great.