Money Saver: Investing in real estate — intro
In my search for passive income sources (see “WABA — We Are But Ants” and “Why work doesn’t work”), I read many books about real estate investments and every single time I was disappointed. Hundreds of pages filled with emptiness. General descriptions, common sense re-written, some toddler-tips and straight forward pointers.
But you don’t get to see the magic of scaling up. How you move from that one investment for which you saved several years to the next? Because passive income at some point needs to become tangible. Sequentially saving for years to buy a new property for which a tenant pays the mortgage isn’t going to let you retire any time soon. Yet the writers of those books all claim they became millionaires in less than 10 years (me want!). So how do you really leverage? How to go from zero properties to a real-estate portfolio? What’s the trick?
In a series of posts on real estate investments, I will share some of my experiences (failures and successes) and I will also summarize the books that I read in a couple of posts with key take-aways, so you don’t have to waste money to find out some people really can fill many pages with limited content. I’ll try to stick to the following topics — topped with some of my personal experiences:
- Pre-requisites for real-estate investment
- Different real-estate investment methods — which one suits you?
- Finding the right property — the golden square mile
- Negotiation — putting rational limits, asking the right questions
- Renting out — avoid tenants from hell at all cost (I had my share of those when I started and lately I got tricked again — I blame it on Covid circumstances)
- Scaling up your portfolio
Upon writing, more topics might pop up. Eventually I also hope to get some readers and interaction with those readers, so more subjects can be added on demand.
