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StGlen
Nomad Capitalist
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Comments by "StGlen" (@Learned333) on "NOMAD REACTS: Why I Buy Homes, Not Lease Them" video.
I take it privacy is not your forte. I wouldn't be telling you anything either.
20
I did something different. I bought in 2012 knowing the U.S. market was near it's bottom. I missed the EXACT bottom by about 6 months. You can look at real estate charts, and you can buy in depressed areas around the world.
4
There are already terms for it and it has been written about extensively. It is called 3-Flag Theory and 5-Flag Theory.
3
@HoDLum It's now been reduced to above age 30 standardized for everyone.
3
A few of his properties are secure living complexes so they come already with people on site. Andrew once broke down all the costs including management for either 5 or 6 properties and I believe the figure came out to just over $16,000 per year. I remember the point he made that he knows people in New Jersey that pay multiples of that in property tax alone for just ONE house.
3
What the clegg are you higby talking about, my professional?
2
Many of his videos focus on the purchase of each property such as in Bogota and Istanbul.
2
@treehuggerzzz-m7d You're looking at it. This channel represents his consulting business of 20+ years.
2
@Elfred-q4p Andrew pays no rent, nor does he collect any rent. And he paid way more than a "total of" 300,000 for 6 properties (Now he owns 11 properties.) His Istanbul property alone was a $250,000 minimum requirement for the CBI (Citizenship By Investment) program.
2
You can start by having your passport ready, or by having one temporary residency where a country will welcome you in because of that residency and not block you. You don't necessarily need to own houses.
2
It's hard for me to think that way again, but I guess I would choose Singapore or Buenos Aires, maybe Montevideo.
2
"The poor shall always be among us." Said Jesus. There no fixing poverty.
2
Andrew doesn't rent out any of his properties. He doesn't make rental income.
2
Try $16,000 total for everything for 5 personal residence properties in 5 countries. That was Andrew's breakdown a few years ago. (6 properties. I was corrected.)
1
@treehuggerzzz-m7d Yes. His entire channel explains his business of consulting. He wrote a book about it. He worked hard for 20+ years.
1
Governments have increased their oppression. More people want to move away from that oppression.
1
@Tee55118 I don't think all that loaned money is as smart as you think it is.
1