/biz/ - Business & Finance

I have made a LOT of money "flipping" apartments in the developing world
>search either locally (on the ground), with a local professional, or in a local-language website
>find the most egregiously-shitty listing (not the quality of the property, the quality of the listing) in the best neighborhood in that city at a deal
>purchase below list price
>bring in a professional stager and photographer
>take very nice, "zillow-style" pictures and gather all of the necessary info
>re-list with western (or chinese) RE agent for 30-40% markup
>sell and close in a few days
>buyer gets a pretty good deal
>I get a hefty profit
>rinse and repeat
It's really quite easy and simple to scale.

Unironically the countries where those jeet coders are coming from are where the alpha is.

>middle/upper-middle class housing development
>trash pickup services
>private security
>financial/microfinancial infrastructure
>private schooling
>basic groceries
>mass market electronics

Et cetera. All that remittance money is going somewhere, might as well soak some of it up.

>not buying arable land in the developing world

My guess is the high-end markets they usually flock to (Canada, London, west coast of the US) are totally cooked and not sustainable. Also getting a EB-5 visa is wildly expensive.

One bet that's interesting is Malaysia, specifically Penang given the large existing chinese population. MM2H just got a lot cheaper and is open to chinese nationals, if not outright targeting them. That might be a good play for the next few years.

Buy landed property in Malaysia.

Georgian residential real estate

>>55209762
The south and west sides (where 90% of the shootings and insanity you see on tv) have lost about 30-40% of their population over the past 20 years while the downtown core and north side have gained about as many residents as the rest of the city has lost.

If you were to look at population gain bounded by Western, Roosevelt (even 35th now), Peterson and the lake - what I'd call the healthiest part of the city, the population is growing rapidly and with the good kind of growth.

The loss of net takers in the tax base (the aforementioned drop in population) coupled with a massive influx of young, educated, highly-paid professionals in the downtown core is a huge sign of future growth. The question is if that growth can be retained before those same young professionals age out of the city and move to the suburbs.

There are VERY early signs of a turnaround, but if there is one, I am super fucking early.

Centrally located parking lot assets in sunbelt cities
>buy for rental value
>land bank
>sell to RE developer from NYC or California for 78% markup based on proposed development's value

>>55045163
The secret will eventually get out but hopefully not before I have a nice three flat in Lakeview. We're super fucking early.

Northwoods wisconsin land and water rights

Long term good investment or short term Austin-level gains?

For the latter? Southern cities that haven't quite blown up during the pandemic.

For the former? The rust belt. Especially around the Great Lakes. In a decade or so, the migration you've seen to the sunbelt will reverse course as Americans flee climate change and seek affordability. Specifically, you'll want to buy in places where urban infill and gentrification are possible. And when I mention some of the places, you are going to think I'm insane. I promise, you will thank me in a few decades.

Great Lakes-adjacent Rust Belt cities are the prime targets:
>Milwaukee
>Grand Rapids
>Chicago
>Detroit (seriously)
>Kansas City
>St. Louis (questionable on this one)
>Columbus
>Cincinnati
>Indianapolis
>Cleveland (also questionable)
>Minneapolis/St Paul

You'll want to look for dense, walkable, MAJORITY WHITE OR HISPANIC neighborhoods to get the best bang for your buck. Otherwise, you'll be stuck in a spiral of crime and the neighborhood will never improve.

But the idea is simple:
>buy in a relatively run-down neighborhood on the edge of gentrification
>white hipsters will move in
>hipsters set up boba tea shops and artisan coffee joints
>neighborhood improves, more wealthy urbanites move in
>wealthier urbanites demand better city services
>city gives it to them
>neighborhood gets nicer
>now a livable area
>exit to a californian at a 700% markup
Too easy.

Conditioning

The money isn't in the disability payments

It's in using them for content

I am

I just havent told anyone yet

>>54301644
>Buy land in Siberia if you want to create multi-generational wealth
The more feasible approach to this today is to buy urban infill land in rust belt American cities.
>protected from global warming
>ample fresh water (will be important in coming years)
>cheap land (especially in gentrifying/soon-to-gentrify neighborhoods)
>generally dense and walkable in the center, which is all the rage right now
>cheapest real estate in the US

It's a gold mine. I may be early, but I am certainly not wrong. I have a list of cities I'm waiting to see a turnaround in.

>>54232390
>Vallas is gonna clean this city up bois
We can only hope

>single family home
NGMI. True chads own threeflats

>Arbitrage (2012)