I have been following reporting about the changes that have happened in the real estate investment property market.
Partially I do that anyway, pandemic or not because I constantly work on growing my residential real estate portfolio to work towards my economic independence goal I call the Time Freedom Point. It’s the point where I don’t need to exchange time for money anymore and do what I love. Some will be exactly the same as now and a few things will be what I haven’t been able to do without money.
I also follow this so I am up to…
A few days ago a friend from Germany who had seen what we do with our Out of State Turnkey Single Family Residential (OOS TK SFR) investment strategy contacted me with a WhatsApp message asking:
“Is it already too late?”
He added these two pictures:
The phrase is commonly attributed to John F Kennedy, who used it in a 1963 speech to combat criticisms that a dam project he was inaugurating was a pork-barrel project. However, in his memoir Counselor: A Life At The Edge Of History, Kennedy’s speechwriter Ted Sorensen revealed that the phrase was not one of his or the then President’s own fashioning. It was in Sorensen’s first year working for him, during Kennedy’s tenure in the Senate, when Sorensen was trying to tackle economic problems in New England, that he happened upon the phrase. He wrote that he noticed that “the…
I have been a regular subscriber and follower of a video-podcast called “Our Ludicrous Future” that started 3 years ago. Three people from three different fields came together each week to discuss what has happened in the world of high tech, science, and space. I liked the banter and often the info that as shared was interesting, especially because each presenter is an expert in his field while the other two are not very informed. That led to questions all typical viewers would ask (including me).
Last Friday the trio, somewhat surprisingly, announced that they had decided to end the…
We all now have our experiences with 15 months of living with a pandemic. I have been contemplating what some of the less obvious impacts will be going forward.
One thing the media kept telling us is the massive impact of the lockdowns on many aspects of the retail and hospitality industry.
That makes sense as we don’t go out shopping or dining when all stores and shops are closed.
On the other hand, imagine how the business would have been for a particular part of the retail industry if it had been magically exempt from closing and available to…
As someone working and thinking and talking to people about real estate on a daily basis, it was interesting to hear about the success of the movie “Nomadland”.
For those of you who don’t know about this movie and what it’s about, here is what Wiki says in its description:
“Nomadland is a 2020 American drama film based on the 2017 non-fiction book Nomadland: Surviving America in the Twenty-First Century by Jessica Bruder. The film is written, edited, produced, and directed by Chloé Zhao, and stars Frances McDormand (who is also a producer on the film) as a van-dwelling working…
Last Sunday I had a very interesting discussion with my mom. She lives in Germany and was telling me how negatively she feels because the winter this year has been long, and wet, and cold, and unpredictable. It almost feels like it doesn’t want to end — even though we are approaching the end of April.
In her case, it is particularly pronounced because she spent part of winter a few years ago in San Diego and last year in Spain. Being in northern Germany created a strong contrast.
When I asked her why she didn’t go to Spain again…
The other day I had the pleasure of being a guest on a podcast and the host asked me: “Axel, are you worried about this crazy increase in real estate prices, and rent increases, and just overall that we are going to see a tremendous crash coming?”
My simple response was; “No, I am not”
Let me tell you why that answer was so easy for me.
The approach that I have selected many years ago for me, my family as well as all the clients who contact us for coaching, mentoring and referrals, follows a rational purpose. That purpose…
I am getting closer to my TFP — my Time Freedom Point. That’s the point in time on the calendar where my passive income will be sufficient to cover all our expenses, and I no longer have to exchange my time for money.
That’s exciting, and the journey I took to get there — and help other people who like this idea to do the same — includes residential real estate investing out of state.
A few videos and articles recently caught my attention. As we have surpassed one year of pandemic conditions Pew Research wanted to find out how people perceive themselves and if it has changed compared to data from 2019 or earlier.
Before jumping into financial aspects or socio-economic aspects they asked something that is actually a pretty good indicator of how perception and reality can be massively different.
The first question they asked people was about driving. The question was easy: “Are you an above-average or below-average driver?”
As a little fun test, you can ask that yourself right now.