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…
I think I feel like going out for a bit. Small adventures are the best thing ever, as long as I get a good night’s sleep at a hotel every night :)
I know I’m comfortable, but I really love it that way. Walking to Copenhagen, riding a motorbike across the United States or riding a bicycle in California. It’s all great fun! as long as I don’t have to sleep in a tent that is :)
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“COMMITMENT IS DOING THE THING YOU SAID YOU WOULD DO, LONG AFTER THE MOOD YOU SAID IT IN HAS LEFT YOU!” – George Zalucki
“WHEN THEY SAY YOU CAN’T, THEY SHOW YOU THEIR LIMITS, NOT YOURS.” – Kevin Keenoo
“BEING CHALLENGED IN LIFE IS INEVITABLE, BEING DEFEATED IS OPTIONAL“ -Roger Crawford
“HAPPINESS IS NOT A GOAL… IT’S A BY-PRODUCT OF A LIFE WELL LIVED“ -Eleanor Roosevelt
“I HAVE NOT FAILED, I’VE JUST FOUND 10,000 WAYS THAT WON’T WORK. -Thomas A. Edison
“ONCE YOU REPLACE NEGATIVE THOUGHTS WITH POSITIVE ONES, YOU’LL START HAVING POSITIVE RESULTS. – Willie Nelson
“A YEAR FROM NOW YOU WILL WISH YOU HAD STARTED TODAY.” – Karen Lamb
“BY CHANGING NOTHING, NOTHING CHANGES.” – Tony Robbins
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I have only done these “best of” videos for the last three years. I don’t know why I keep doing my real estate investor videos. Not that many views, not that many comments, but still super fun. I have tried not writing here, not doing videos, etc. But it’s weird not to. Beeing here makes me feel like I have a bit more purpose. I like that. Did you know that I have had this homepage up and running for more than 7 years by now? So.. which of these videos do you like the most? Well, Lars.. I kind of like the first one. and the second one is ok. The third one is growing on me :)
This is a pretty big part of being a property owner. Do it right and everything is fine, get it wrong and it might get super annoying..
I have renters in both Sweden and USA with four different setups for dealing with them. A hired real estate agent as my property manager, tenant as a property manager, I manage a few apartments myself and I have my girlfriend/ partner and her mum to manage one.
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I'm not sure I am an average real estate investor, but anywhoo.. I filmed this a few days age as we were out to get some new a/c units for…
Sunday is for resting, so take it easy. Go get a nice cup of coffee? BUT! Even though Sunday is for resting, you can read a good book about the…
It’s nice to know that you get good food for cheap. I usually spend $6 on a meal that keeps me full and happy. That said, I do love hamburgers and crap too. My only problem is that I feel awful after eating bad food. I think it’s a combination of guilt and all the processed, chemical trash that goes through my body.
So, GO Chipotle! Thanks for existing :) If not Chipotle I’m a big fan of authentic Thai food or sushi. And a good Cuban sandwich.. and.. eh.
I find restaurant hard to enjoy. My mom cooks better than most people I know and I have taken advantage of some of that knowledge. The result is that I get more food, wine and quality if I buy the stuff and cook it myself. I also avoid being rushed and the bill is almost non existent in comparison.
That said! There are benefits to going out. I see the perks of having a waiter taking care of you and no dishes :) I like the cooking so that is not a benefit for me, but I also love outsourcing, even though I think I can do it myself.
In wrapping this up, we are back to real estate related stuff.
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I guess we should. More so in Europe than in America. IKEA looks to be at least 20% more expensive in the USA. Most of its American competitors provide better value. Mirrors, vanities, faucets, cabinets and countertops are really good value in Europe, but gets too expensive here. That’s why I had to return these things:
That said, IKEA is considered more fashionable here. It’s more classy :) If you want to create a more fancy and modern look, IKEA is a great way to do so. That means a real estate investor on IKEA isn’t all bad.
Then there is the whole assembly you self thing. It has both pros and cons. It makes transportation a lot easier. It is also very clever and provides you with everything you need to complete the installation. The competitors don’t. I have bought a ton of stuff from places like Home Depot and every time, I have had to run back and forth three to four times before I had everything I needed to finish the project. That is not the case with IKEA. The only major con of having to assemble everything yourself is the time it takes.
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There has been three returning ingredients to my most successfull deals. Theese three ingredients makes me a lot of money, so I figured I’d tell you about them.
BUY:
Number one. Buy a property :) Most of your money will be made here. In short, you want to buy something comparatively cheap. If you manage to secure a deal under the actual market value, you will most likely always have the option of selling with profit at any given time. This strategy will also help you maximize your potential appreciation. I spent a few months creating a massively useful document about how to find and analyze properties to make the best possible purchase right. If you want to read it, CLICK HERE. (in Swedish).
DEVELOP:
A step often overlooked by most investors and the step I like the best. (more…)