All Forum Posts by: Thomas Henriksson

I wonder where in Northern Europe you live, but I live in Finland and belong to Finland landlords organisation. I am no newbie far from that.

It has more to do with that you should never exceed your MAXIMUM recommended total Debt:

The formula for that was in Finland Landlords newest magazine form spring 2021.

Maximum DEBT FORMULA is and this is what they recommend in Finland.

Your work GROSS income/month X (means multiply by) 12.5+ x (MULTIPLY BY) 4.5

+

LANDLORD (+stocks) GROSS income /YEAR (Note not /month) x (MULTIPLY BY) 4.5

Please note in FINLAND we do not have normally SUPER USA Salaries. Normal salary for fulltime worker is usually between 2000-4000 euro in Finland. Of course exceptions exist and 5k euro and 6k euro/month exist.

My salary for work is between 3000-4000 euro/month that is between 3 594,58 United States Dollars and 4 793,20 United States Dollars /month.

I will not tell my landlord income however I am no newbie. The other real estate I own is not in Helsinki I like to buy then in more then one place in the world!

I have investment debt from before. I bought recently a NEW 2022 built project apartment from HELSINKI for 300 000 euro (will not tell exact sell price here) and I will use roughly 80 000 euro own money. 

I manage to not got over that maximum debt even with the old debt included when I use roughly 80 000 euro own money. Well and it does not need to be so near the maximum perhaps I want simply to use 80k euro in cash.

It is good if you are clearly below your maximum debt. The above formula was for Finland Europe specific and not valid for whole world. USA salaries are so different so please stick to what your banks recommend in your own country.

OH my what feeling bought my dream apartment so good I could live there myself or rent it depending on life situation! First of all disclaimer I am not a millionaire. With millionaire I mean netwealth of 1 million euro = 1 198 175,00 United States Dollar. However I am also not a newbie for landlord far from that.

About me? I am from Finland and I speak fluently Finnish, Swedish and English. I have lived both in Finland and Sweden before but I am born in Finland. I am not foreign to buy an apartment from other countries. I could buy apartment from any country that I consider fairly safe.

It is a new apartment and it is done year 2022. In very good location HELSINKI Pasila. I like it excellent location:

20 minutes with CAR to South Helsinki!

15 minutes with CAR to AIRPORT Vantaa! (This is the main airport called HELISINKI /VANTAA airport of Finland).

I do have own money plant to use at least 80 000 euro =  95 854,00 United States Dollar  

of own money for this buy not taking all as debt

Cost of the total buy (land can be bought separately) if I buy the land? I do not want to tell exact amount

but roughly 300 000 euro = 359 458,20 United States Dollar if I also include land buying.

Down below is a design (building not built yet it will be done in year 2022) picture of the whole building. 

My building size? I bought a 43,5 square feet + balcony. However I do not criticize anyone for buying smaller arpartment or bigger apartment. Every person buy what they want in any country or what size they want.

My buy is done Friday 16th April 2021. It is so fresh buy they have not registered it even on their webpage yet I am sure they will do that next week earliest on Monday or Tuesday.

Explanation the building has that design down below it is meant to be not straight that ceiling. First floor does not have any apartments. First floor will have shops etc.