Learn how YOU can become time free, location free, and financially FREE by creatively investing in rental properties without needing a lot of time, money, or experience.
Learn how YOU can leverage your job to create a side business in rental properties that eventually becomes YOUR MAIN INCOME so that YOU can feel more safe, secure, and take back control over YOUR life!
If YOU are looking for what I believe to be the number 1 way to profit in todays changing times, then this Channel is for YOU!
Over the last years, Sanan Sanani, featured on Forbes, shares his story on how he was able to create a 5 figures a month through rental properties through deploying various creative financing strategies, tactics, and tools which he learned from his millionaire mentor.
He now shares the same knowledge across RU-vid, Facebook, and LinkedIn
Welcome to Sanan Sanani's Official RU-vid Channel.
Thank you so much for this great detailed video! I'm so excited to come to Georgia next week! This help put my mind at ease a little more, much gratitude to you.
Pretty close. I wouldn’t pay more than the banks evaluation. I aim for 5-20% less than the banks evaluation. ROI is now 8-10% for a finished product, you could still get 12-14% if you buy a black/white frame below market value and renovate it.
Hi Sanan..Im currently searching a run down apartment in a old soviet block within Vazisubani area.My intention is to renevate it and rent it either on short or long term depending on yield.Do you know any properties for sale in the mentioned area?
Thanks for the valuable insights in the Georgian real estate, Sanan. The video might be 2 years old, but it is still relevant today for the case of Georgia, as it is also the rest of the content in your channel.
Hey, Thank you for your video! I'm considering buying in Tbilisi for a positive cash flow or breaking even to cover the mortgage. I've lived in Tbilisi for one year and loved it, but I had to return to the US for a few months. I have some savings and a six-figure salary remote job, but I need some guidance on timing and what makes sense. Can you recommend any resources?
I have already watched a few of your videos. They are gold! You are knowledgeable and a great motivator. I am planning on investing in Tbilisi real estate and would love to have your mentorship in order to make the right moves. I hope to meet you in early 2024. Cheers!
Hey buddy, thank's for this quality information. I was looking to go back to live in Georgia after one (boring) year in France. I have a real estate opportunity here but Tbilisi market looks good to fix and flip and to renting, and I love to live there (I was 6 months last year). Your's video makes me more comfortable about choosing Georgia instead of staying in France.
I bought in Chugureti at the end of 2021 off-plan. With the building completed, I am selling now with a profit of $250 per sqm. I have decided not to renovate and sell as is with white frame.
I would disagree with the rental yield for Riga being 4%. I live in riga and it is somewhere between 7-10%, especially in old buildings. In new projects it could be lower such as 4-6%. In Riga, old building prices have been dropping whereas new project buildings have been increasing. Rents have been stable.
Thanks for the excellent report Sanan. Much appreciated! I have a background in business, marketing, sales and media, and your videos offer helpful insights, and I'm still considering Tblisi as a retirement escape from the U.S. with an eye towards business and income opportunities.If you might be able share any insights on what sort of income or business opportunities I might be open to someone in my position, they would be greatly appreciated.
Hi Jack, it's very easy to live here if you are generating income from abroad or have 5-6 figure savings. Business is easy to setup here and the labor costs are competitive however you would need to have experience in systems, processes, and trainings/management in order to be successful in business here. Real estate, agro, tourism, and export sector (wine/cheese to europe) are lucrative.
Thank you for sharing with us! Bought an apartment at end of 2021 in Chugureti (Vorontsovi) through a developer (bank would not grant me a loan because I am Syrian). I bought at 60,000 EUR and now I would say it is worth around 80,000 EUR. Currently it will be ready in September and it just happens that in September I will make the last payment on it. It will be in white frame and I have been reasearching that it will cost me around 25,000 EUR to bring it to turnkey condition ready for rent! I am just confused whether to sell and take my profit or renovate and rent! By renovating, I would also become eligible to apply for a residence permit, which, I was told, can give me access to bank loans!
Tbilisi has been the capital of Georgia for sixteen centuries. It has a longer history here than the Soviet Union and Russia as a whole. A Christian nation since the fourth century, this is the reason why we did not conquer even one centimeter of foreign territory. Georgia was the first country that rebelled and separated from the Soviet Union! This is the homeland of wine. You will discover a lot of facts that we don't like to brag about.. we love guests but never say that we were born 2 decades ago.. great content! Gr8 salesman!
Hi, Im from tbilisi, starting new journey in real estate rental market in Tbilisi and I would love to talk to u bout some things, I Dm u on insta, I would be happy to hear from u
Not sure about the price of salaries as that differs company to company but the overall price of handwork ( daily workers & experts ) in the real estate sector certainly went up during the real estate boom.
First comment! I love Tblisi! Still own 3 apartments in Saburtalu! Happy I did! originally was looking at Vera (my favorite) but the prices were just too high for my taste and too little inventory! Paying off the mortgage with 10-15% ROI. now! Amazing decisions with Sanan's help!
@@SananSanani thanks bro! Me and my friend want to visit in Tbilisi and see some properties, can we meet with you for some coffee? The lunch is on us :)
Looks great man! Hey I came to Tbilisi 1 year ago and have 7 properties already and they are doing great. Was watching many of your videos when I first arrived.
Hi dear congratulations to you and your good team it was a long time we didn’t hear back from you, wish you all the best and let us know your office location in Tbilisi Good luck
Nicely done, and it seems like enough space to find a private and personal space if desired. Are there ex-pat and business groups and events developing out of The Hub space?
$250-320$/sqm is normal reno turn key , $450-500/sqm premium reno turn key My team does reno if you are in georgia you can visit our office at The Hub and consult w us
@@hitheshreddy7850roughly $150-180 per sqm for the foundation + basic MEP for developing buildings but price can be higher or lower depending on the land and number of floors.
How long do you have to be in Georgia before you can get a mortgage? Do they just look at the numbers or do they require a minimum waiting time to build up credit?
No minimum waiting time but if you have a good income statement it helps, if not they can give you the mortgage based on the future income from the rental property. You need 5 days to 4 weeks depending on you & your bankers speed. Good luck 🍀
