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My Big Real Estate Regret 🏠

2024-03-05 Education
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Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Get on the waiting list and join us for the next Nomad Capitalist Live: https://nomadcapitalist.com/live/ Join Andrew as he shares insights into his decision to sell a property in Montenegro after years of investing in real estate worldwide. From the initial purchase of land and envisioning a stunning villa to the challenges faced along the way, he delves into the intricacies of property investment and the considerations that led to this decision. 00:00 Start 00:42 Purchase of Land and Vision for a Villa 2:36 Challenges Faced with the Land 4:58 Evaluating the Investment 5:50 Time and Effort 8:04 Exploring Alternatives in Greece 10:30 Is Paying Extra Justifiable 12:39 Personal Design Preferences Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best." Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home. Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far. If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Top Comments (10)

@HouseJawn 2024-03-05

So glad you came back to host this show, it wasn't the same without ya

116 3 replies
@intellectualgladiata 2024-03-05

I think Montenegro will continue to do better but I cannot for the life of me understand why they want to pursue going down the path of becoming an EU nation and already letting Brussels dictate things like higher taxes.

52 13 replies
@CryptoGrit 2024-03-05

Serbia, Montenegro and Balkan are in general like that unfortnetly... you can't know things front and its hard to get clarity on things...

45 1 replies
@homeschooledaroundtheworld4660 2024-03-05

In light of what happened recently to the Spanish traveler in India, now a victim of gang rape, would you please dedicate a video to “go where you are treated best” for female investors?? Thank you Andrew!!! Your community really appreciate all the work you do.

37 6 replies
@ninapetrov1724 2024-03-05

I did a similar thing. Moved to Montenegro 2 years ago, looking for my "perfect home". I moved to Kotor in the Boka Bay (renting), and I was searching for a villa (to buy) on Luštica - just like a place with a small coast where I could keep my boat, something cute. My problem with this area now is everything is getting ridiculously urbanized - you no longer have the "peace and quiet" that you came here for in the first place. And on top of that, so many people moved here after the Russia-Ukraine war, buying houses and flats, that the prices have gone up so much since I arrived. After 2.5 years now, I am moving to Belgrade where I am purchasing an apartment, thinking how I can always come to Montenegro on a vacation and rent a deluxe place for a week or so.

34 2 replies
@xxxs8309 2024-03-05

Building from scratch is a massive headache

30 1 replies
@ApplesOranges123 2024-03-05

Love the honesty. I thought this was going to be Clickbait and the biggest regret was that you didn’t do it sooner…. A common trope. Best wishes, Danny.

29 3 replies
@JT10111 2024-03-05

Building is a pain in the US. I cant imagine overseas. When we move to Europe, we are buying off the secondary market and calling it a day. Life is too short to deal with contractors and construction ever again.

21 1 replies
@mandrews1245 2024-03-08

Renting is not a bad thing. I've rented and owned alternating back and forth for 50 years. At one point I rented 3 apartments in 3 cities as well as owning and occupying 2 homes in different countries. I travelled extensively for business and got fed up lugging suitcases around. It was easier to have an apartment with all my things there when I arrived. (I'm not counting the additional rented apartment for my daughter attending University). Around age 48, settled into having one home in each country. Everything was duplicated right down to golf clubs and memberships in both locations. I was fortunate to retire at 50. At age 60 pared down to one home. At age 75, sold that larger home and set out to rent again. I've never looked at renting as transient living. Never had a lease for less than 5 years. Renting never stopped me from decorating or even replacing appliances. But this time, my daughter was insistent I move in with her and her family. She has a large home so privacy and independence would not be an issue.   Now at 78, I'm happy to have my own apartment within my daughter's home. I can cook and entertain and have all the freedom I desire. Even a back yard and BBQ.  There are some added bonuses: I get to see my grandkids regularly. Just walk across the courtyard. The dog however doesn't wait for me and drops by everyday for her hugs. AND I have a daughter who insists on doing my grocery shopping, puts my trash out, and drives me to any appointment or event I want to attend. I still have my own car, but promised myself decades ago at age 80 I would stop driving... so I'm still on target to achieve that goal. Renting or owning is just your mindset.... You can make anyplace your home!

20 2 replies
@tommie6936 2024-03-05

11:12 I'd say living in an apartment is actually more chill, as you've got so many more things to worry about in a villa.

15 1 replies

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