All Forum Posts by: Leo M Christensen

Closed on a duplex in June, but as a term in the deal I don't paying off the mortgage until September. As a consequence of brexit the interest rate of 30 year fixed went from 2.5% to 2%. Thus meaning that I now live in the upstairs apartment, got a renter in the other apartment from the 1st of August, and the rent-income cover mortgage + utilities, and it's still cash flow positive. Together with the income from the other apartment I rent out, which I brrrr'ed to get the down payment for the duplex, I now save up approximately 800$ every month AND live for free. My money aren't ever going anywhere, but in real estate! My next hurdle will be to get the banks to let buy more.. The whole debt to income ratio. In Scandinavia, the banks are quite strict on that, but I'll find a way. Multi family is my personal preference. We all share the same time right now... No reason not to make it great😊👍🏻

Welcome aboard the journey. All the best from Denmark. Regards Leo

In december 2015 i rented out my first property and it is cash flowing nicely, with great tenants. 

I even managed, within the positive cashflowrange, to take out approximately 40.000$ of the appreciation in equity. This is going to be my downpayment for the next property, which I'm in the process of looking currently.

When I finally took action and rented the apartment out I felt an awesome sensation, and I know that I've found my passion. I provide people, whose circumstances don't allow them to buy a place of their own. In other words making the impossible possible.

Goal is to be  "retired" from the regular J.O.B. market within 5 years. 

So there is no time to waste.

Have a great one people!

Leo

I´d love to build a strong network here.

Maybe even some from ny neck of the woods if possible, but all knowledge can be useful.

Have a great one