Category: Real Estate

Steps To a Successful Property Purchase


Any investment journey needs to start with an outcome. As much as we love and adore property, in the end it is just a vehicle to achieve a financial result to give us more choices in our personal lives. What choices do you want to have? AS the answer to this question changes everything from this moment on.


Most investors have a strategy of “buy and hope”. They buy a property and then hope like hell it goes up! This really of course means, they have no strategy and then wonder why they don’t get the results they want.

A proper investment strategy is really an architecture built from your life and takes into account everything from your dreams and goals, your current financial position, your stage of life, risk profile, time frames, time availability, skill sets etc.

These all need to be considered when constructing the road map to lead you down the path to your ultimate portfolio. In the end, a strategy should result in a clearly laid out set of buying rules so you know exactly what type of property you are looking for, the price point, the yield, …

Montenegro Investment

Montenegro has attractive property and personal income tax rates. Doing business is simple and fast; It takes a day to set up a company and it costs €1. It can’t be easier than that.

Montenegro’s prices have risen dramatically, however they remain lower than Croatia’s. In Dubrovnik, Croatia prices are €10,000 per square meter.

In Montenegro’s popular coastal towns prices range from €2,000 to €4,000 per square meter. The southern coast is about €1,500 per square meter, and inland prices are roughly €600 to €1,000 per square meter.

Most of Montenegro’s properties for sale are apartments, and they are most attractive.

Investment properties typically range from €100,000 to €400,000, although a luxury villa or apartment could exceed one million mark. The new development is focused around the Bay of Kotor, as well as Tivat, thanks to the luxurious yacht marina – Porto Montenegro. It’s still in development, but it has 185 marina berths, five mixed-use buildings with 130 luxury residences, more than 20 retail outlets, a full sports facility, yacht club, 64 meter infinity pool and lounge bar, a naval heritage museum, and a waterfront boutique hotel.

The important thing that you need to know is that foreigners can purchase …

Buying vs Renting

Renting Is Cheaper

One of the main reasons to opt for apartment rentals when making a buying vs. renting decision is economical. Indeed, it is much cheaper to rent an apartment than buy a home. This is true both in the short-term and in the long-term.

For example, if you rent, you may pay $650 a month for an apartment with three bedrooms. However, for a house, it may cost as much as $1,500 for a single month. Expenses such as mortgage payments, insurance, and taxes can add up quickly.

Purchasing a Home Can Be a Losing Investment

As we all have learned in recent years, the economy can go into sudden decline at any time. While purchasing a house may seem like a solid investment while the economy is good health, the value of that home can deteriorate rapidly in a recession. However, you don’t hold this kind of risk with apartment rentals.

When you purchase a mortgage on a home, you are also in danger of being foreclosed on. Unfortunately, anyone can lose their job as well as their ability to make mortgage payments. This may not be something you would like to think about. However, you should …

Buying Your First Home

It won’t be long before you are surrounded in documents and being sent bills by a number of people. As you won’t have done this before you will probably not know what to expect or how to deal with it. You need to be particular watchful of the first time tax credit when you purchase your new house.

You will receive an $8000 tax credit when you purchase your first house. It is only given if the property will be used as your actual home, and can be used for all sorts of property, from a run of the mill unit, to a RV, or even a yacht. As long as you will be living there for a majority of your time, any type of residence is allowed for these purposes.

It is limited to properties that cost under $800,000. This should not exclude many people looking to buy their first house as it is a generous maximum.

Maybe you don’t want to buy your first pad, maybe you want to build instead. No worries though, as you are still able to get the tax credit. The moment you step into your fully built house, you are legally viewed as …

Buying Multi Family Properties

The leading reason can be anchored on the fact that this particular group of homebuyers are very much into making themselves financially sound and stable. They will buy multi-family properties because they will use these as income-generating streams. They will convert these properties into rental types where many people or families can rent for dwelling.

Multi-family properties are also surprisingly sold with the same price tags as single family homes of the same features. This is another reason which will most likely attract the millenials to look forward to buying such properties. Those sold higher than single types are those that offer more features.

According to comparative studies, millenials have improved on their spending habits. They now go more after value and for what would be beneficial for them for longer terms. With this also comes many options from wich the buyers could choose from.

Multi-family properties may be in duplex types. Another option is the condo type unit but they may be more expensive than the duplex styles. Yet, for consideration of security measures, the condo units might be a better fit.

As a growing segment of homebuyers, the millenials also know how important it is to be close …

Buy Apartment Alarm Systems

Paradoxically, one reason to own an alarm or at least some type of external or outdoor surveillance system is due to the number of people who live in apartment complexes. The reason that people think they are safe is because of the number of people who live around them. However, they do not consider that these people are ones they have never personally met and are ones that they do not know anything about.

Think about it; when you see someone going in through an apartment door, how sure are you that it is their apartment they are entering? It could be your apartment they are entering while you are not at home and one of your neighbors might see the whole thing but not call the police because they think that the person going in through the door lives there. Apartments are very impersonal places to live which also makes them unsafe for people who are not protected.

Another reason to invest in some security for your apartment is because it will help you to save money on your insurance premiums. If you own a policy for renters insurance then you will be able to get a discount from …

Apartment Buying Mistakes

  1. Not Organizing your Finances – Finally, you’ve decided that you want to buy an apartment. However, are you ready for the financial commitment? If you’re like most buyers, this means you’ll be tied-up to a loan of up to thirty years to pay. Before you buy, organize your finances. Check how much money you earn, how much expenses you have and how much you can actually save. It is easy to say that you earn enough to pay off the loan. However, your lifestyle can make a huge difference. As a reality check, it is best to practice paying for a loan for at least six months. This will give an added boost to your savings while giving you the confidence on how much you can really set aside to pay for your mortgage.
  2. Buying out of Peer Pressure – We all love our friends. Our families will always be dear to us. However, you have to remember that it is you who is going to live and pay for that apartment, so make sure it meets your needs and not theirs. An example would be getting a bachelor pad in the same complex where your friends are. Evening get-togethers

Finding Amazing Real Estate Investments

Mailing out Postcards

If you are not currently mailing out postcards that detail who you are and what your company does, you should definitely start. As an investor, make it a priority to religiously mail out these pieces of information, especially to property owners who are in foreclosure. This tells the owners that instead of allowing their buildings to completely foreclose, you can provide a more positive out for their problem.

You can also mail your postcards to people in probate, including those who are facing a divorce, bankruptcy, and landlords who simply walked out of eviction court. All of this information is considered to be public domain and you have every right to view it. Capitalize on this knowledge and get your foot in the real estate door with a simple postcard.

Mailing Lists

Consider purchasing a batch of addresses from a mailing list company. This gives you a way comb your neighborhood for potential investment deals. Realtors use mailing lists all the time and it works out wonderfully for them. Investors can have the same results.

Make Phone Calls

It is certainly a time-consuming approach, but consider taking a few afternoons to make phone calls to property owners

Pros and Cons of Apartment Life


  1. Amenities. Many apartments have some great amenities, like around the clock security officers, gyms and recreation centers on site, a maintained swimming pool, and play areas for children. Many apartments are in the city so they are located near entertainment, restaurants, and bars.
  2. No maintenance you have to do. In most apartment buildings, all of the maintenance is handled by the landlord. This includes replacing any appliances that came with the unit, fixing any plumbing issues that arise, and handling all of the landscaping. Winter snows are shoveled away without a single thing you have to do.
  3. Small size. Apartments are perfect for people who live alone or with one other person. It’s a smaller space to furnish and not as much space to rattle around in by oneself. They are also easier to clean in one day top to bottom.
  4. More things are covered. An apartment’s rent often includes a lot of the utilities like water and sewer. Some even include electricity or heat in the bill.
  5. Less expensive than a house. The rent on an apartment each month is typically less than a house’s rent, so it’s easier on the budget.


  1. Small size. For some it’s

Determine Median Price And Home Value

The median home price is commonly used to compare property prices across various locations and markets. It is simply the number that is in the middle of a given set of data. To determine the median home price, real estate agents usually list the homes sold during a certain period of time and then sort this list according to the amount for which each house was sold. The middle figure in this list is the median home price for that location.

On the other hand, there are three basic ways of determining the value of an individual house to be sold. These methods include the comparison sales method, income method, and the replacement cost method.

The comparison sales method is perhaps the easiest to do, and it can be performed even by buyers who are not familiar with real estate terms. This method is done simply by acquiring property reports for a given area. Property reports can cover a large location (as in the suburban property report), or a smaller area, like a street (as in the street sales report). To determine the price range for any given property, buyers and sellers can simply consult these reports and compare the …