Monthly Archives

October 2016

Daily life,

Going mad over 20 bucks

Hi guys,

I am traveling between Germany and Portugal this week. Since I got a much cheaper flight route from central Germany (instead of northern Germany, where I usually flight from), I decided to take that route for what I needed to stay at an hotel (altogether I probably saved 200 bucks, if not more). On top of that, my employer pays for hotel stays in cases like this, so it is kinda of a win-win.

However, they don’t pay for beverages from the mini-bar. I happened to be very thirsty at some point, so I decided to go for a water bottle from the mini-bar. I knew they are usually more expensive than anywhere else, but I was thirsty and could not buy it elsewhere. When I checked out, to by biggest surprise, it cost about 5 bucks! Yes, the price was probably there all along, but I never imagined a water bottle would cost so much. This left me angry, but the story doesn’t end here.

Real Estate,

#RP3 started!

My dear dudes,

new rental property

How it will look inside, soon…

I am sorry this heads up took a while more… I’ve been busy… if you follow my blog you’re aware that I bought rental property 3 (RP#3) and I was waiting for the official purchase to be confirmed, as the process when back and forth a few times. Well, I finally transferred it into my name. 🙂 This is sort of a game changer, so I need to explain this deal in detail.

This is a 6-unit rental property (yes I more than doubled my unit count)! Although extremely cheap, I will have to throw a LOT of dollars into it. I payed about €33k for it and I will have to throw another about $15k so it is ready to rent out. Total, I expect to invest about €48k in the purchase, renovation and furniture.

My contractor hasn’t picked up a hammer yet, and I’ve already thrown over €5k into it, distributed among requests to federal and local taxes and bank fees. 🙁

Either way, I added another 6 units to my portfolio and I am finally at 10 units! Shit, the dream is happening… with this rental property, I now have 10 units! I will probably be the landlord of about 25 people, assuming an average of 2,5 people per unit. And you know what? I like this game so much I just submitted another offer (more to come later on…).