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Most of the expensive real estate mistakes aren't about buying the wrong property. They're about owning it the wrong way. Here are 10 rules to follow before your next purchase. 1. Thou shall think twice before registering as engaged in the real estate business. ALL your properties (yes, including the personal ones) can then be treated as ordinary assets. Sell one and get hit with VAT and income tax of up to 35%. 2. Thou shall not casually put residential properties in a corpo

Continuing yesterday’s story, here are the practical lessons: 1. Earnest Money: Size Matters There’s no fixed legal rule on how much earnest money should be. In institutional deals, 10% of the purchase price is common. But in private transactions between individuals, the absolute amount may matter more than the percentage. The larger the earnest money, the larger the risk if something goes wrong. Its purpose is to show commitment — not to create financial damage. Sometimes, a