Our new HOUSE!
So me and my wife finally invested in something for ourselves. Feels very wierd to buy something that we wont be making as much money of off, but very comfortable…
How about a new construction?
A new construction on land that I already own? I have two multifamily houses in Sweden. They are located next to each other with an empty lot in between. On…
Building Houses – Where???
Well, this depends on what you want to accomplish when you are building houses, here is what you need to know: 1. Build on an expensive adress! :) By asking…
It’s called a Shotgun house!
And why is it called a shotgun house
Let me give you a quick lesson in Florida building history. Florida can be very hot and humid. The problem in general is to avoid the heat rather than staying warm. Before air conditioners the only way to do so was to get a good air flow through the house. According to some southern engineers a good way to do so was to keep the building open all the way through and have doors on the front and the back. The opening that ran through the house had to be big enough and so their best way to measure it was to shoot right through the house with a shotgun and see if all the bullets made it through. Hence a shotgun house :)
I really like their design. I think they look welcoming and somewhat freindly? I also (more…)
I now own rentals in Florida :)
It’s for real. I really do own rentals in Florida!
Nice ones at that. There are two duplexes with one 2 bed, 1 bath and one 1 bed, 1 bath in each house. I posted some photos of them here on the blog earlier, but I think you might get a better idea of it all in this video from our walk around the place:
I am honestly pretty proud of what we did, me and Rachel. These two duplexes are now in really good condition. There is also a smaller house in the back of the property which is rented by a very kind and quiet old man. We then have two more houses down the street, both rented to nice and clean younger men.
If we get everything rented, which we should since there is already a long list of people wanting to move in, we should be getting a 25% return on investment. That is really spectacular and makes me very happy to say the least. We spent $ 155 000 buying all the houses. Another $ 15 000 on fixing them up. $ 170 000 total. Rental income should be just over $ 4 000 a month.
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House price statistics
I found this list of house price statistics from Knight Frank. The following countries had the biggest appreciation last year's. Sweden at third. I'm afraid that means it is going…
Failing.
Failing is part of success. In some ways, all we do is failing our ways towards the success. Knowing this makes it almost nice to fail. It has to be…
From the ground up.
Foundations for real estate is a pretty uniqe business. There are tons of companies that specializes in building houses, creating a pretty fierce competition. Almost none of these companies specialize…