pretty crazy how alturistic this is. My guy gave more than he can recieve essentially for free just from the goodness of his heart if you think about it. Incredibly generous. I wish you all the success
Thanks! I've always been a believer that information should be available to everyone. I was lucky enough to have had a great education growing up and plenty of people along the way that have taught and helped me that's put me in the position i am today.
Really cool video Rory! Thanks for sharing all these information while being transparent. I’ll be looking forward to buying your guide, please let us know when it is ready! All the best to Casey & you in this beautiful adventure
Thanks so much for watching! If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Love your videos but Foreigners can’t own freehold property in Indonesia. Full stop. What you are talking about by setting up a company PT/PMA is called HGB or Hak Guna Bangunan and is still leasehold. If you invest in a leasehold through a PT/PMA then you will have 30 year lease and then you can extend it for 20 years and 30 more years for a total of 80 years. The fees for each renewal are pretty modest and are paid to the government . However if you enter into a leasehold with a local Balinese owner than if you want to renew the lease after 30 years you have pay the value of the property at the time of renewal to the landowner which can be VERY expensive. Because these two investment models are so similar it’s causes a lot of confusion and court cases. Be careful.
Yep I completely understand. I could make an entire video explaining the complexities between the different options for holding land as an investment. I’m actually making a guide at the moment which goes in to this in some depth.
That’s great- looking forward to it! I’ve just seen so many UA-cam videos where the term ‘own’ is used when the reality is that there are a lot of forms of leaseholds and each one has a different degree of risk for non- Indonesians. You guys are amazing and hope to bump into you sometime in bingin! Cheers!
Back door is a limited Indonesian company. For me the only option. I understand why Indonesia has this law, otherwise property in bali would skyrocket beyond the average citizens capability. But in terms of equality on the marger picture (the world) bit if a piss take to get equality in the countries rich Indos invest in like London and Sydney and close off to us non Indos that want to make it our home
@kyiiooo2061 it's still not a true freehold if you have a pt PMA. I understand your frustration but those laws are set by the countries like Australia and the UK. Every country has its own laws in regards to foreign ownership. It's not meant to be fair or equal. The laws are never designed that way.
Congrats guys! And really appreciate your honest opinion and guidance on the whole process. Waiting for you to release the guide. I think it would be helpful for us as we are starting the building process. Thanks :)
Hi Rory could you please let us know when your Building guide is available please. Keep the videos coming ....we loved the one with Jing from Bukit Vista ...Brilliant information 🎉
Absolutely! I've just finished it and launched it! If you want the full guide with everything I learned about building in Bali it's now available in the video description!
Great value, thank you! A rare UA-cam video that gives what it promises in the title, and is not just 20m of meaninless blabbing to stuff a course down the viewers throat and get add ravenue for just blabbing worthless meaningless words.
Dude that’s a bargain. I’m Australian 🇦🇺, and that amount would barely get you a 30yr old, 3 bedroom, fibro walls & tin roof house, with mildly renovated interior & 0 landscaping, in a half-dead country town. A tiny 2 bedroom apartment in mid/outer Sydney costs over AUD$800,000. Then still have massive strata fees and power/water/gas bills. You made a great choice. A bargain doesn’t even begin to describe what you’ve accomplished. Congrats 🥂 It’s no surprise so many people in recent yrs are selling up their mediocre overpriced Aussie homes and living like kings in 2nd/3rd world countries. And that’s even before considering other non-monetary reasons to escape Australia, like crappy politics/eroding freedoms/police state etc.
I don't disagree with anything you've said there! I will caution against the last couple of sentences though. Living in somewhere like Bali is VERY different to holidaying in somewhere like Bali. It's not all beaches and sunsets. Australia is still a country with more freedoms than most other places in the world.
Hey Mate! You can reach out via the villa raava instagram page @villa.raava.bali If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Sounds like you got a good deal. Considering the villa explosion that is Bali these days. The total price is reasonable. Let me know when the handbook drops and I will donate. 🙏
If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Love the break down to every detail. Thank you for being useful! What company did you go through to build? And who did you use to over sight the legal stuff? What type of lawyer conveyancer even does this? how did you go through the process to find them in a different country
Glad it was helpful! I'll be releasing a guide soon with all our vendors but for those two we used Bali Creative Development for our construction and architecture and we used 'The Firm' for all our legals. If you enquire let them know we sent you their way!
If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Can I ask where you got the loan from to invest in Bali, as I’m an Aussie too who is looking to invest in Bali but generally banks here in Australia won’t lend you money to buy overseas
Yeah it is tricky. We borrowed against our house in Australia as we had the equity available and we used about 100k of savings. If you don't have property to borrow against it does make it just that much harder.
Thanks for responding. Which bank if you don't mind me asking as both Westpac and ANZ said no despite me not owing anything on either property. Their reasoning was because they couldn't hold the title of the property in Bali.
If you take it as income into your Australian bank account then the amount gets added to your Australian taxable income and you are taxed accordingly minus taxes you've paid in Indonesia.
Hey you guys are giving us so much inspiration love watching your videos! I’d love to ask you more q, just not sure where I can ask u? Do I ask you here? Just want to get a rough estimate how much you spent in total ?
Amazing Video. I think its a totally fair price. It comes down to around 209.000€ with which you would get second to none in europe. And there you get a fulö fledged villa
Oh 100% Any investment is going to have an outlay of personal time though whether thats through research, travel, planning etc. Investing that time into the project pays dividends over time.
Hey Rory, thanks for the great informative video! Learnt so much. May i know which bank do you use? And also do you have a tax consultant to do your accounting and tax filing? Would appreciate any help as i am planing to build my own villa in bali..
Thank you Rory and congratulations! Would like your advice on how we would go about sourcing for land, if we are not based in Bali? I do see many plots advertised online but the prices are 😢
We used so many different companies in the process! If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Great question! For us this time it was purely a matter of budget. We had the budget for long term lease but not the budget for freehold in the area we wanted to buy. We’ll be looking at freehold next time (though it’s still not technically freehold. Still a long term lease but from the government instead of private)
Thanks for watching! All the vendors we used are available in the guide that I have been making! If you want the full guide with everything I learned about building in Bali it's now available in the video description!
@frankenhouse that’s awesome congratulations on the build! As you can appreciate I spent dozens and dozens of hours communicating with different suppliers and trial and error finding the good ones and being burned by the bad ones. All the ones we used, every single furniture supplier, decoration supplier right down to the place we bought our kitchen utensils from are all in the guide. The list of suppliers alone is worth the price of the guide to save you dozens of trips running around 😊 I’ve spent the last 18 months giving away free information and i hope that it’s been valuable but the amount of time and energy that has gone into this guide means I can’t keep giving it all away anymore.
Brilliant I hope that you enjoy it! No coupon code at the moment. The current price is going to be the introductory price when I do the full video launch for it later this week and then it will increase to $130 after Black Friday is finished so it’s already at the discounted rate 😊 there is waaaaay more then $100 of value in the guide though!
Basically you don't get double taxed if you are Australian and earn an income in Bali. You pay income tax in Indonesia and then when you pay income tax in Australia they take that amount off your tax bill.
@blacklexie if you’re thinking of doing the same thing definitely consider picking up a copy of our villa guide! It has every reputable supplier and vendor that we used in there. There’s too many good people we used to list 😊
remember dont sell anything online in indonesia unless you have working visa or company and if you own the company and as investor then you can only mentor ur staff but CANT SELL ANYTHING DIRECTLY TO CLIENT NEITHER ONLINE, IF U DO THAT U GET CAUGHT AND WILL LOSE EVERYTHING ;)
Thanks! I’m Australian based and my guide is being sold through my Australian company with all taxes etc paid in Australia so the guide is totally seperate from Indonesia 😊
pretty crazy how alturistic this is. My guy gave more than he can recieve essentially for free just from the goodness of his heart if you think about it. Incredibly generous. I wish you all the success
Thanks! I've always been a believer that information should be available to everyone. I was lucky enough to have had a great education growing up and plenty of people along the way that have taught and helped me that's put me in the position i am today.
Well said @yassiral31! 👏🏽
Thanks Rory, this is information is super helpful.
Congrats mate, so pumped to see you and your wife living your best lives!
Thanks man!
Thanks Guys. Awesome info throughout the whole series of the build. I'm very happy for you guys, the villa is fantastic. You should be very proud.
Thanks so much!
Great break down Rory.Thanks for your openness to share all the details. Looks great. ❤
Oh my lord, I didn't know you had a series on the build!!!! Watching everything.
We documented the whole thing 😂 next time we're over... Beers by the pool!
Balinese here, congrats for the villa!
Hope you guys happy and feel like home here in Bali 👏
Thank you so much!
Really cool video Rory! Thanks for sharing all these information while being transparent.
I’ll be looking forward to buying your guide, please let us know when it is ready!
All the best to Casey & you in this beautiful adventure
Thanks so much for watching! If you want the full guide with everything I learned about building in Bali it's now available in the video description!
Awesome work Rory! Appreciate the transparency and sharing of info. I'll definitely buy your guide when it's available :-)
Thanks so much for watching! If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Love your videos but Foreigners can’t own freehold property in Indonesia. Full stop. What you are talking about by setting up a company PT/PMA is called HGB or Hak Guna Bangunan and is still leasehold. If you invest in a leasehold through a PT/PMA then you will have 30 year lease and then you can extend it for 20 years and 30 more years for a total of 80 years. The fees for each renewal are pretty modest and are paid to the government . However if you enter into a leasehold with a local Balinese owner than if you want to renew the lease after 30 years you have pay the value of the property at the time of renewal to the landowner which can be VERY expensive. Because these two investment models are so similar it’s causes a lot of confusion and court cases. Be careful.
Yep I completely understand. I could make an entire video explaining the complexities between the different options for holding land as an investment. I’m actually making a guide at the moment which goes in to this in some depth.
That’s great- looking forward to it! I’ve just seen so many UA-cam videos where the term ‘own’ is used when the reality is that there are a lot of forms of leaseholds and each one has a different degree of risk for non- Indonesians. You guys are amazing and hope to bump into you sometime in bingin! Cheers!
But Indonesians can own UK and AUS land and properties out right. Where's the equality? Hence the side door mate
Back door is a limited Indonesian company. For me the only option. I understand why Indonesia has this law, otherwise property in bali would skyrocket beyond the average citizens capability. But in terms of equality on the marger picture (the world) bit if a piss take to get equality in the countries rich Indos invest in like London and Sydney and close off to us non Indos that want to make it our home
@kyiiooo2061 it's still not a true freehold if you have a pt PMA. I understand your frustration but those laws are set by the countries like Australia and the UK. Every country has its own laws in regards to foreign ownership. It's not meant to be fair or equal. The laws are never designed that way.
A lot cheaper than mine has cost. You got a great deal...
Yeah we got in before the boom in Bingin.
Congrats guys! And really appreciate your honest opinion and guidance on the whole process. Waiting for you to release the guide. I think it would be helpful for us as we are starting the building process. Thanks :)
Thanks so much for watching! If you want the full guide with everything I learned about building in Bali it's now available in the video description!
Well done guys, great achievement with what you have created in so little time!
Thanks so much!
Hi Rory could you please let us know when your Building guide is available please.
Keep the videos coming ....we loved the one with Jing from Bukit Vista ...Brilliant information 🎉
Absolutely! I've just finished it and launched it! If you want the full guide with everything I learned about building in Bali it's now available in the video description!
Great value, thank you! A rare UA-cam video that gives what it promises in the title, and is not just 20m of meaninless blabbing to stuff a course down the viewers throat and get add ravenue for just blabbing worthless meaningless words.
Thanks for watching! Trust me unless you are a huge creator ad revenue pays very little 😂 not worth passing a video out for the sake of that.
great video mate.....thanks
Glad you enjoyed it!
Great result! thanks for sharing the details!
what's the size of the building in sq/m please?
Dude that’s a bargain. I’m Australian 🇦🇺, and that amount would barely get you a 30yr old, 3 bedroom, fibro walls & tin roof house, with mildly renovated interior & 0 landscaping, in a half-dead country town.
A tiny 2 bedroom apartment in mid/outer Sydney costs over AUD$800,000. Then still have massive strata fees and power/water/gas bills.
You made a great choice. A bargain doesn’t even begin to describe what you’ve accomplished. Congrats 🥂
It’s no surprise so many people in recent yrs are selling up their mediocre overpriced Aussie homes and living like kings in 2nd/3rd world countries.
And that’s even before considering other non-monetary reasons to escape Australia, like crappy politics/eroding freedoms/police state etc.
I don't disagree with anything you've said there! I will caution against the last couple of sentences though. Living in somewhere like Bali is VERY different to holidaying in somewhere like Bali. It's not all beaches and sunsets. Australia is still a country with more freedoms than most other places in the world.
Hello man , where I could contact you personally for some assistance and info ?:)
Hey Mate! You can reach out via the villa raava instagram page @villa.raava.bali If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
love the info rory xxxx
Glad you enjoyed it
If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Sounds like you got a good deal.
Considering the villa explosion that is Bali these days. The total price is reasonable.
Let me know when the handbook drops and I will donate. 🙏
Will do!
If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Great video.Thankyou
Glad you enjoyed it
Love the break down to every detail. Thank you for being useful! What company did you go through to build? And who did you use to over sight the legal stuff? What type of lawyer conveyancer even does this? how did you go through the process to find them in a different country
Glad it was helpful! I'll be releasing a guide soon with all our vendors but for those two we used Bali Creative Development for our construction and architecture and we used 'The Firm' for all our legals. If you enquire let them know we sent you their way!
Thank you i will let them know it was from your youtube!@@RoryandCasey
If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Thanks so much for the info. Great job looks very nice. How many square meters is the building?
It's about 165m2 for the building, about 29m2 for the pool and about the same for the outdoor pergola.
Awesome share 😊
Can I ask where you got the loan from to invest in Bali, as I’m an Aussie too who is looking to invest in Bali but generally banks here in Australia won’t lend you money to buy overseas
Yeah it is tricky. We borrowed against our house in Australia as we had the equity available and we used about 100k of savings. If you don't have property to borrow against it does make it just that much harder.
Thanks for responding. Which bank if you don't mind me asking as both Westpac and ANZ said no despite me not owing anything on either property.
Their reasoning was because they couldn't hold the title of the property in Bali.
They would hold your AU title for big loans@@MrAust13
Hey...did you enquire about the tax that you have to pay for the income generated for Bali property in Australia?
If you take it as income into your Australian bank account then the amount gets added to your Australian taxable income and you are taxed accordingly minus taxes you've paid in Indonesia.
Hey you guys are giving us so much inspiration love watching your videos! I’d love to ask you more q, just not sure where I can ask u? Do I ask you here? Just want to get a rough estimate how much you spent in total ?
Hey Katie! Feel free to send a message to our villa raava Instagram if you haven't already reached out 😊
Amazing Video. I think its a totally fair price. It comes down to around 209.000€ with which you would get second to none in europe. And there you get a fulö fledged villa
Just my thought... If you count all the personal time you have invested in this project, the total cost is much higher.
Oh 100% Any investment is going to have an outlay of personal time though whether thats through research, travel, planning etc. Investing that time into the project pays dividends over time.
Hey Rory, thanks for the great informative video! Learnt so much. May i know which bank do you use? And also do you have a tax consultant to do your accounting and tax filing? Would appreciate any help as i am planing to build my own villa in bali..
Absolutely! We are using 'The Firm' based in Ungasan. As far as banking. Our local bank is Danamon bank.
Thank you Rory and congratulations! Would like your advice on how we would go about sourcing for land, if we are not based in Bali? I do see many plots advertised online but the prices are 😢
What company did you use for your legal stuff, construction, architecture was it one company or different ones..
We used so many different companies in the process! If you want the full guide with everything I learned about building in Bali and all our vendors and suppliers it's now available in the video description!
Thanks! How much rent does it generate?
That video will be coming soon! But short answer is it's profitable and on par with the expectations we had
Got my answer it was in AUD
Sorry I might not have been clear in the beginning! Yep all in AUD as it was too hard for my brain at the time to convert it into anything else 😂
Rory is your villa on 5-6 are of land?
It's on 3 are of land :)
Is the land included in the 345,000??
Yes it was
Sorry Rory but before buying your guide, can you please tell me if the cost is in australian dollar or us dollar? Many thanks
Is it possible to get this financed from a bank?
You said you bought the land leasehold but then you said fees included PT PMA costs, why didnt you buy freehold then ?
Great question! For us this time it was purely a matter of budget. We had the budget for long term lease but not the budget for freehold in the area we wanted to buy. We’ll be looking at freehold next time (though it’s still not technically freehold. Still a long term lease but from the government instead of private)
Which are did you build in?
Our villa is in Bingin
what price of land?
Looks like i missed this info
Great video ! Thank you !
please i would like to have the name and adress of the vendors you bought the furniture from
Thanks for watching! All the vendors we used are available in the guide that I have been making! If you want the full guide with everything I learned about building in Bali it's now available in the video description!
@@RoryandCasey I saw the guide I already bought my land and start building from overseas all I was needed was the decor and furniture vendors
@frankenhouse that’s awesome congratulations on the build! As you can appreciate I spent dozens and dozens of hours communicating with different suppliers and trial and error finding the good ones and being burned by the bad ones. All the ones we used, every single furniture supplier, decoration supplier right down to the place we bought our kitchen utensils from are all in the guide. The list of suppliers alone is worth the price of the guide to save you dozens of trips running around 😊 I’ve spent the last 18 months giving away free information and i hope that it’s been valuable but the amount of time and energy that has gone into this guide means I can’t keep giving it all away anymore.
@@RoryandCasey thank you I will get it do you happened to have a coupon code?
Brilliant I hope that you enjoy it!
No coupon code at the moment. The current price is going to be the introductory price when I do the full video launch for it later this week and then it will increase to $130 after Black Friday is finished so it’s already at the discounted rate 😊 there is waaaaay more then $100 of value in the guide though!
What is the tax treaty between bali and australia?
Basically you don't get double taxed if you are Australian and earn an income in Bali. You pay income tax in Indonesia and then when you pay income tax in Australia they take that amount off your tax bill.
@@RoryandCasey thanks...do you recommend investing in an apartment/loft in semanyak or a pent house or a villa in canguu?
I'd always recommend doing your own research and choosing your investment based on your risk tolerance and projected income
So your $345000 does that included the land
It did for us yes. Land in Bingin was a lot more affordable when we took the plunge
@@RoryandCasey thank you what builders did you use I have heard horror stories I am thinking doing the same in a different area
@blacklexie if you’re thinking of doing the same thing definitely consider picking up a copy of our villa guide! It has every reputable supplier and vendor that we used in there. There’s too many good people we used to list 😊
I would like to purchase your building guide. I have a couple of questions tho, do you have an email address where i can contact you?
Hey! Absolutely the easiest way to contact me is via instagram instagram.com/roryandcasey?igsh=dGM5cWt0NWJsN21i&
remember dont sell anything online in indonesia unless you have working visa or company and if you own the company and as investor then you can only mentor ur staff but CANT SELL ANYTHING DIRECTLY TO CLIENT NEITHER ONLINE, IF U DO THAT U GET CAUGHT AND WILL LOSE EVERYTHING ;)
Thanks! I’m Australian based and my guide is being sold through my Australian company with all taxes etc paid in Australia so the guide is totally seperate from Indonesia 😊