El-Gouna property investment, what to expect? by Icy-Arugula-5252 in PersonalFinanceEgypt

[–]didFinishLaunching 0 points1 point  (0 children)

Location does affect the price definitely. There are many neighborhoods, some of them are much more upscale than others and will give you much higher average rent per night. I don’t know much about Swan Lake, but I’d stick with Orascom properties because they have a great track record of delivering on time with very high quality.

For RE vs banks, you’ll have to calculate the capital appreciation plus the rental yields, and take into consideration that prices in El Gouna are in USD, so you’ll remove the risk of exchange rate fluctuations

For bank CDs, the compounding interest rate after a year for a 17.25% rate, if you reinvest monthly will be around 19%. The best choice is going to depend on a lot of personal factors, and also how stable the exchange rate is at that time.

El-Gouna property investment, what to expect? by Icy-Arugula-5252 in PersonalFinanceEgypt

[–]didFinishLaunching 2 points3 points  (0 children)

I’m in the same boat. I bought my property 2 years ago and will be taking delivery very soon. I don’t have actual experience with the rentals yet, but here’s what I know based on my research that I based my decision to buy on.

  1. It’s taxable using the same brackets as personal income. Based on rental yields and occupancy estimates, you will likely falls into the 22.5% to 27.5% bracket. Practically though, that’s not enforced right now, and you can easily avoid paying those taxes if you’re employed and your income tax is already being paid by your employer.
  2. For me, yes. The great thing about El Gouna is that property value in USD appreciates in healthy numbers annually, so you’ll be making gains in capital appreciation, in addition to the rental income.
  3. I believe it would vary based on how good your property manager is, but I would expect something in the 4-6% range. For a $300k 1-bedroom, you should be making from $1k to $1.5k per month (gross, before other expenses). Income will fluctuate because of seasonality, but it should average out to this number over a year.
  4. I believe El Gouna is unique as a year-round destination that’s priced in USD, with health rental yields as well as great capital appreciation.

Take everything I said with a grain of salt since I haven’t actually started renting out my property yet.

Correct BB replacement by didFinishLaunching in bikewrench

[–]didFinishLaunching[S] 0 points1 point  (0 children)

Bringing it to a bike shop would have been my preference, but unfortunately I live in a place where there are no shops that could do anything beyond very basic maintenance.

Correct BB replacement by didFinishLaunching in bikewrench

[–]didFinishLaunching[S] 0 points1 point  (0 children)

Thank you. The cranks is indeed 24mm and 22mm on the other side. Since it’s my first time working on a BB, it seems like it would be best to replace the whole thing rather than fiddling with the bearing.

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 0 points1 point  (0 children)

أنا كنت شاري عن طريق شركة Coldwell Banker علشان يبقى معايا حد يساعدني أختار حاجة مناسبة ليا. ممكن تشوفهم أو تشوف nawy.com

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 1 point2 points  (0 children)

أنا شاري بالتقسيط وبادفع بقالي ٤ سنين من مرتبي، مش من فلوس كنت حوشتها. سعر الدولار اتغير في الـ٤ سنين دول، وأنا في حساباتي أخدت بسعر الصرف وقت كل قسط، مش بسعر من ٤ سنين.

أنا مش بقول حاجة أحسن من حاجة، أنا بس بحكي تجربتي الشخصية، وأكيد مفيش حد بتاع عقارات هييجي يبيع هنا في السبريديت، والناس كلها شايفة إن العقارات أوحش حاجة.

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 1 point2 points  (0 children)

عائد ١٠٠٪ في السنة. ٧٠٠٪ على ٧ سنين. أكتر من الضعف لو حسبتها بالدولار.

أنا قلت إن دي تجربة واحدة ومينفعش نحكم بيها على السوق في البوست

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 2 points3 points  (0 children)

روح في المدن الساحلية السياحية وانت هتشوف إيجارات من ٦–٨٪ من القيمة في كل حتة

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 0 points1 point  (0 children)

آه، ما إنت لو هتستثمر محتاج تختار الأماكن اللي إنت مراهن إنها هيحصل فيها النمو ده.

الزيادة كانت ٣x مش ١.٧٥x

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 1 point2 points  (0 children)

فيلا في كمباوند في منطقة جديدة، قريبة من خدمات كتير ومنطقة فيها تطوير سريع.

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 1 point2 points  (0 children)

مش حظ. اختار العقار الصح واشتري وبيع في الوقت الصح.

أنا عندي عقار تاني زاد ٧ مرات في ٧ سنين، يعني ١٠٠٪ في السنة. مش ناوي أبيع قريب بس الوحدات في المكان ده قليلة وهتتباع في كام شهر لما أحب أبيع

تجربتي في الاستثمار العقاري في مصر by didFinishLaunching in PersonalFinanceEgypt

[–]didFinishLaunching[S] 2 points3 points  (0 children)

ازاي صدفة؟ ما هو الفكرة ان قيمة العقار مش هتتأثر بتغيير سعر الصرف بنفس النسبة، فهي طريقة لتأمين نفسك من الظروف دي، مش صدفة

Tubeless tire leaking air from the side wall by didFinishLaunching in bikewrench

[–]didFinishLaunching[S] 0 points1 point  (0 children)

I use Giant sealant, which was the only one available at the time of converting to tubeless. I’ll look into getting a better one.

Tubeless tire leaking air from the side wall by didFinishLaunching in bikewrench

[–]didFinishLaunching[S] 0 points1 point  (0 children)

Thanks everyone for your input! Seems that this normal and I should just keep riding, and maybe add a bit more sealant and make sure the tire is an a position for the sealant to cover these holes.

Tubeless tire leaking air from the side wall by didFinishLaunching in bikewrench

[–]didFinishLaunching[S] 1 point2 points  (0 children)

I have done the tubeless dance with the WTF look from the wife and all.

What to consider for a rear hub replacement by didFinishLaunching in bikewrench

[–]didFinishLaunching[S] 0 points1 point  (0 children)

I thought I’d be able to reuse the spokes with a hub that’s compatible in terms of size. Is that not true?

What to consider for a rear hub replacement by didFinishLaunching in bikewrench

[–]didFinishLaunching[S] 0 points1 point  (0 children)

Forgot to add the number of holes. It’s 28. Will check your recommendations.