Originally Posted by Transylvania Investment

Thank you David! You are very precise in what you say.
To give the people visiting this website only one example of what Transylvania Investment could achieve so they may form an opinion on the opportunities offered by the Romanian market.
Last summer we got a client who bought with us a flat in the Old Quarter of Brasov for 105k. The place was not in the best of condition so he renovated it, which cost him about 15k (including new furniture and not cheap Ikea standard). In the middle of the renovation he decided to resell since he found a better deal and teamed up with a friend to buy in Cluj. So we resold the flat three months later for 150k to a fellow who will probably resell it in 2 years for minimum 200k and in mean while we rented the flat enabling him to cash a very nice rent that covers the mortgage he got in order to buy it. The man, who bought the apartment for 105k, got a cute commercial in Cluj and now cashes a lovely 10%annual rental return, which is more than okay and keeps both owners and tenants satisfied and in a long term business relation. So our man, not only that he hadn’t lost a penny, but also made a profit of about 4k after paying taxes and notary (giving the fact that he put 15k in the renovation). Had he started a company in order to buy this transaction would have been meaningless as it would have cost him 52,5k.

The morals:
Anybody shouldn't feel or end up in the situation of making a loss if they want to get out of a deal for various reasons, regardless they need to get rid of what they bought the next day or in 3 years time. Anything you buy today you should be able to resell tomorrow and for a higher price than the purchase price.
I also very much doubt there is such thing as 15% rental return on residential properties in Romania, particularly for the newly built, outside town properties, so good luck to all who placed their money into off-plan developments under this illusion.
Anyone imagining money can be done "bang!" in a second, should not cry when loss appears instead of the desired gain. Investment is not the National Lottery!

Originally Posted by Transylvania Investment

Flipping is still very possible on one condition: to buy slightly under the market value. Such situations are not often, yet they are very well likely with a good real estate team backing you up. This window of opportunity however closes little by little as there are fewer and fewer those who sell without knowing the market price or even adding on top of that.
Land offers more opportunity from the perspective of flipping but also poses legislation issues.

Originally Posted by David howe

Afgreed, but you would also agree that existing clients will always get first refusal of the cream