Investing In Cheap Real Estate - Is It Worth It

[@Karl__Pierre]

Learn more about cheap real estate in Italy: bit.ly/cheaphousesinitaly

[@ZackP1]

I've been a subscriber for a long time and I don't usually comment under videos in general, but when you said 12 properties, and then spending a month in each, that really got to me because I have a similar idea, also went to Thailand last year, visited Sicily as well and planning to move my family there in the next year or so, and continue my remote work which i'm contracted to do for the next 3 years so that definitely gives a sense of security. I think an interesting thing that might sound unrelated, is that people should see things from different perspectives and adapt to different situations, for example, I know that I can't really make a successful business out of cooking/running a restaurant as a foreigner in China, but if I turn this around and move this idea to Sicily for example, running a restaurant with the knowledge I gathered in China in the past almost 8 years, I can bring something new to the table which can help me move forward and open new doors with opportunities behind them. Also, diversifying and gaining new skills is a very important thing, I have a degree and everything, but I couldn't succeed in the UK, so I moved to a new country, gained all the skills that I thought were useful, and now I have so many opportunities in front of me and so many skills that will help me to come up with new ideas and new solutions to problems that previously would've put me back on square 1. Karl, great video, and a fantastic insight into what living internationally is really like, backing it up with real life experiences.

[@NewYorkPickers]

So glad to see a brother buying and investing in overseas properties. Thank you for the information and insights.

[@Karl__Pierre]

Thank you for watching

[@PrinciplesofIncreaseTV]

I'm on the same journey! Started with Airbnb in Chicago, then Florida, Puerto Rico and now under contract in the Dominican Republic. I plan to explore the EU this summer!

[@Karl__Pierre]

Cool which property/region performs best

[@PrinciplesofIncreaseTV]

@@Karl__Pierre Honestly, the ones I had in the hood on the South Side of Chicago did great. (No longer have them due to divorce) Florida is ramping up ...PR under renovation....

[@Karl__Pierre]

@PrinciplesofIncreaseTV what part of Florida. From my experience it pretty seasonal. The best ones I had were in NYC but government killed it

[@PrinciplesofIncreaseTV]

@@Karl__Pierre I have one on the Space Coast. Yes, Chicago ended up making it very difficult to do Airbnb anyway. I guess I was fortunate to leave before it got bad.

[@kumbaborbor1900]

I want to rent in Puerto Rico … are the requirements the same as the US in terms of if i wanted to start an airbnb

[@dwaynesmith753]

This is great info. I currently have properties in the U.S. and Brazil, so this channel immediately grabbed my attention. I'm trying to do something similar to you as my goal is to invest and live internationally so I'll be checking out your course. There's still a lot for me to learn.

[@Karl__Pierre]

Cool. Where abouts in Brazil and USA?

[@dwaynesmith753]

@@Karl__Pierre In Texas and in Praia do Flamengo, Salvador Bahia. I knew that it was an area that I could live in while outside of the U.S. It's a great beachfront neighborhood with a good share of Airbnb's.

[@realdata8624]

You could add one more thing to these videos, what you’re doing is great because you’re also diversifying the US dollar which ultimately can plummet as well. Ultimately, when you gain the inside and experience that you accumulated, you can always make it, but having real estate that works for you all over the world, increases your chances them being stuck in one country .

[@Karl__Pierre]

Good point!

[@YouMotorcycle]

Really honest and well spoken, as always. Thanks Karl.

[@Karl__Pierre]

Thank you!

[@enzosf]

This really struck me very hard - I have always felt a little.. empty living in one country. I feel like I appreciate all places more when you have to reboot in another culture for a period. After a period, backpacking didn't feel like enough, dont wanna be a tourist. I want a neighborhood, a routine in another place, grocery shopping so we began home trading (1-3 months) in 2000. Real estate began accidentally in 2010 leading to 6 very active STRs and we've been living between Cali and New Orleans for 13 years, and realizing I qualify for Italian citizenship through ancestry - we "lived" in Sicily for 3 months in 2015, and at that time the Wifi infrastructure wasn't amenable to working remotely but that has changed now. Was just speaking to a friend about your $40K property and I did message your website last week about an appointment but haven't heard back. Great content.

[@Karl__Pierre]

Hey thank you. Shoot me a message at [e-mail]

[@aclem8246]

Properties in Spain and Italy tend to be passed down in families so there is not a lot of sales like there are in the US with prices going up year on year..

[@Karl__Pierre]

One could argue since properties get passed through to the family the prices should be higher since there is less inventory no?

[@susanduncan9739]

New subscriber! Stumbled upon your channel and enjoying the content. Well done!

[@Karl__Pierre]

Awesome, thank you!

[@_the_golden_hue]

Always great content Karl! You never fail to stir my curiosity on buying abroad 👍🏼

[@Karl__Pierre]

Heeeeey, how are you. Hope all is well we need to catch up want to know how everything went and how the business is growing.

[@MacroAnarchy]

Thanks so much, I’m looking into south Italy real estate right now and the prices are really tempting, seems so unreasonable to be able to get property close to the coast in great weather for those prices.

[@Karl__Pierre]

It's awesome, and worth it from the perspective of personal use.

[@mysterioanonymous3206]

Have you been there? It's scorching hot in summer and economically desolate.

[@MacroAnarchy]

@@mysterioanonymous3206 I’ve been there for like 4 weeks, really liked the culture and people. Guess it’s hot, but I’m looking to establish like 2 or more bases outside my home country, not planning on staying there full time or working. 24k for fully furnished classical houses is just so crazy, 20 min from the sea, how could you not want one :D I have the theory that everything going online will eventually start to dissolve cities and remote places will catch up in value.

[@Karl__Pierre]

@@mysterioanonymous3206 hot in the summer I like. And in summer there is far more economic activity.

[@The.ARCturus]

How do you manager your Airbnb guests when you are in different countries? Like the cleaning and check in/out of guests?

[@Karl__Pierre]

Cleaning is hired out, check in is self check in with a lock box or key card. In Colombia the door man handles check in. I don't do much only get involved with questions as times. Most responses are automated. Hope that helps.

[@The.ARCturus]

@@Karl__Pierre helpful for sure One last note. For the cleaning are you constantly emailing to get that scheduled or does your cleaning person get notifications from the application? So you can be more hands off. Thanks again for your content

[@Karl__Pierre]

@@The.ARCturus she's on the app as a cohost has my calendar and messages.

[@Carolinapetroska]

He ends up paying so much in cleaning fees and managing fees to different companies. In the end, I don't think it's really worth the trouble. After tax, insurance and aggravation, there is not much left.

[@Karl__Pierre]

@sophielabelle3324 all depends on how much is left and how much time/capital you invested. Say your take away is $800 a month for 1 hour of work and startup cost of 10,000. Is that too much work? What if you have 40x that and then you hire an operator for 5,000 a month is it worth it?

[@user-gh6bu9oy1x]

Good job can’t wait to have your master class

[@teddydavis2339]

Congratulations on your accomplishments !

[@Karl__Pierre]

Thank you..I still feel behind at times

[@MonetWarren]

Thanks for the amazing content!

[@Karl__Pierre]

Thanks for watching

[@katiellegiovannucci4857]

Do you know if the commune of Mussomeli does the administrative practice of recognising Italian citizenship?

[@Karl__Pierre]

I'm not sure if in Mussomeli but I have known Argentinians to come to Mussomeli during that process

[@nuritdiy]

If that wasn't your video, I would have mistaken myself as talking...😅 Hate winter, wanted to buy many properties so I can live here and there and have eternal summer 🌞 Your position is where I aspire to be.

[@Karl__Pierre]

Hahah

[@orlandopoolebear]

Hello Karl, great content. Thank you. Let me know when you’re investing in Italy in an investment area. Orlando

[@Karl__Pierre]

Sure thing!

[@Karl__Pierre]

Email me at [e-mail]

[@suprafan246]

Karl, you still have your NY Airbnb? Still good that you do.

[@Karl__Pierre]

Nope closed the last one Dec 15th. It was a good run but the city sold out to the hotel lobbyist

[@paulajones4578]

I have reached out a couple time but I’ve never gotten any response. How can I get in contact

[@Karl__Pierre]

You can email me at [e-mail]

[@DelaineIsaacplus]

Hey I run Money Monday shows and was wondering if you be interested in coming on the show to talk your business and your expertise?

[@Karl__Pierre]

Sure send some information to [e-mail]

[@DelaineIsaacplus]

Just emailed you! Thank you @@Karl__Pierre

[@fieldg100]

You say you work along side your students. How do I get your guidamce?

[@Karl__Pierre]

Hi there's a few ways. You can invest in one of our projects. You can join our invest and learn program, you can get one on one coaching etc. I recommend start with booking a call with me and we can talk through your options.

[@rubenhernandezlugo]

🌍🏠😊

[@Karl__Pierre]

Yup

[@aclem8246]

Why is a big property developer doing a You Tube channel ??

[@Karl__Pierre]

Well ...I'm not a big property developer, but I can answer why I have you youtube channels. I like to talk, I like to create, they help me expand my brand and network, and I will continue with social media creation for the rest of my life. I think all businesses and brands, regardless of level of success show develop an audience. Look at Donald Trump, Kim Kardashian, and many others it's a powerful marketing and promo tool.

[@Jepi369]

We are waiting for your course where we can learn how to make $1000 a day trading the stock market

[@Karl__Pierre]

It may never come, mainly because most people don't have the discipline required and I would rather give them something a little more forgiving. Otherwise I run the risk of people blowing up their accounts and blaming me.

[@minoozolala]

"I get asked", not "I get axed".

[@Karl__Pierre]

Oh boy another pronunciation nazi...you guys don't get tired of pointing this out?

[@nighni459]

​@@Karl__Pierredon't pay broke trolls mind. They didn't come to learn, they came to hate

[@Karl__Pierre]

@@nighni459 can't help it lol

[@nighni459]

@@Karl__Pierre I hope you are looking into managing properties overseas, I have been sending a lot of travel nurses to your page .