183: Kiev Real Estate Recovery Funds Founder John Suggit

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 24 June 2021

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A Canadian citizen, John has a Bachelor of Business Administration from Simon Fraser University and a MBA from the Richard Ivey School of Business. He has over 10 years of investment banking experience in Ukraine and has spent many of these years also developing successful property investments in both Kiev and Montenegro. His prior positions include Chief Operating Officer with Dragon Capital, Managing & Founding Partner with Concorde Capital and Vice-President with MFK. Previously John had 10 years of retail and commercial banking experience with the Bank of Nova Scotia, Canada. During his time in Ukraine John has been regularly interviewed and quoted by The Financial Times, Bloomberg, Institutional Investor, Fortune Magazine, CNN Money, EuroWeek, EuroMoney, Focus Money, FDI Magazine, The Kyiv Post, Kontrakty, Delo, ForUm and Korrespondent.John speaks English, Russian and some Spanish, Serbian and French.

Listen to ILAB 183 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdk
Sam Marks – Barcelona/ IG @imsammarks
Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

Indeed
Receive a free $75 sponsored job credit to boost your job post at Indeed.com/ILAB
Support Invest Like a Boss: Join our Patreon

Discussed:

Kiev Real Estate Recovery Fund: KRER

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
Betterment – Get up to 1 year managed free
Wealthfront – Get your first $15,000 managed free
PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

09:55 – Why is it hard to get quotes from contractors in Kiev?
12:16 – Why are housing prices low in Kiev?
16:46 – How has the Hryvnia depreciation affected real estate prices?
20:31 – How are the businesses in Kiev starting up so quickly?
24:11 – Can you talk about your move from residential to commercial?
34:55 – Tell us about the residential space you converted to office space
43:46 – Can you tell us about the fund and the services they offer?
45:15 – Let’s talk about the advisory side of your services
48:17 – Let’s talk about the fund part of your business
49:42 – What are you buying into when investing in the fund?
51:12 – What is the minimum to invest in the fund?
54:07 – What are the fees involved with the investment?
56:31 – Is it possible to cash out your investment in US dollars as opposed to Euros?
60:49 – Johnny and Sam review

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Transcript

Click on a timestamp to play from that location

0:00.0	What is up bosses? Before we kick off this episode, let me tell you about our sponsor this week.
0:05.5	I'm talking about Indeed. They are the job site that makes hiring as easy as one, two,
0:11.1	three. You can post, screen, and interview all on Indeed. During the break, I'm going to tell you
0:16.7	about all their features that make Indeed the best job site in the world.
0:22.4	But if you want to check them out right now, we got a special offer for you.
0:25.5	All you got to do is head over to Indeed.com slash ILab.
0:30.6	And we'll give you a free $75 sponsored job credit to upgrade your job post.
0:36.7	That's at Indeed.com slash I-L-A-B. One more time,
0:41.6	Indeed.com slash I-L-A-Lab. More info coming during the break. But until then, let's kick off
0:47.7	this episode. Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD.
0:53.4	We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:57.6	Join us each week for exclusive interviews with our network of modern investors, business owners, and multi-millionaires to discover new ways to invest our hard-earned cash.
1:08.3	Hey boss, this is Johnny and welcome to episode 183 of the Invest Like a Boss podcast.
1:15.0	Sam is finally in his new flat in Barcelona and I am in Kiev, which this episode is about.
1:21.5	Welcome to the show.
1:22.5	Yeah, welcome, Johnny.
1:23.3	And is it safe to say that you're also in your new flat in Kiev?
1:26.8	Yeah.
1:27.8	Finally, we're both actually in the properties that we bought.
1:33.6	I feel like we've been talking about this for a long time.
1:36.6	But it's given COVID and everything, it's sort of unique circumstances that we're
1:42.2	even able to be in these locations and in our new places.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.