I’ve done a number of videos (here, here, and here) with John as I am amazed by the rental yields he manages to obtain in Kyiv, Ukraine.
His modus operandi is very simple:
1. Buy very large units in the core center of Kiyv to take advantage of the lack of financing to get great per m2 prices.
2. Renovate them to Western standards, which few other people are doing.
3. Rent them out as office space. Core Kyiv offers very high yields and is short in supply (unlike in other parts of the world).
4. The true, end objective: sell them in a few years at (hopefully) much higher valuations once liquidity comes back into the market.
In this video, John takes us to two of his latest projects. He shares exactly how much he paid for them, how much the renovations cost, and how much he will rent them out for. Between the time I recorded the video (about two weeks ago), and its publication, one of the units was actually rented out at a higher rate than planned.
Below is a graph of the exact numbers for all the units in his fund, and for the units he is currently doing legal due diligence on. It is extremely informative. I have a hard time thinking of any real estate market in the world where such numbers are achievable without the use of leverage.
You do not have to suffer extremely low yields and anti-landlord governments such as in Western Europe. There are options out there. Ukraine is interesting if you are willing to take on Ukraine risk.
This email and video are obviously not a solicitation to invest. It is extremely hard to find reliable information in such data-poor markets.
Make sure to subscribe to John’s free Kyiv real estate market newsletter here.
If you have any questions, feel free to shoot him at email email@example.com.
To a World of Opportunities,
The Wandering Investor
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Available services in Ukraine:
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- How to obtain Residency in Ukraine
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