Aug 2009 29
The Virtual Team
If anyone has read Tim Ferriss’s popular book, ”The 4 Hour Work Week”, then they’ve heard about profiting from economic imbalances outsourcing to the east. Tim goes so...
Aug 2009 28
Our mistaken strategies (part 2)
Conclusion #2: buying two small properties wasn’t such a good strategy either Initially we wanted to buy one studio, not two. We targeted studios because it was the cheapest...
Aug 2009 27
Our mistaken strategies (part 1)
By preparing and writing this series of posts, I drew two new important conclusions. Conclusion #1: renting out furnished studios wasn’t such a good strategy after all We decided...
Aug 2009 26
What rent should we charge to get 1000€ in actual profits before tax?
In yesterday’s post, I explained that we needed to make a 1000€ in actual profits before tax in order to break even in profits after tax (meaning that...
Aug 2009 25
How can we at least break even?
This post is the continuation of yesterday’s post. By modulating the figures in my tool, I find that: In most cases, the micro-BIC plan is not a good option. You’ll...
Aug 2009 24
And now what? A tool to find out
This post is the continuation of yesterday’s post. So far we’ve figured that there’s nothing we could have done differently back then (apart from not buying of course!). But...
Aug 2009 23
Our ideal loan payment
This post is the continuation of yesterday’s post. In order to find out if modulating the amount of money borrowed and the loan duration could have helped, I first...
Aug 2009 22
Learning from our first year’s figures
When I initially thought of writing this series of posts, my idea was to take the figures of our first year of renting, apply them to Ken McElroy’s...
Aug 2009 21
Types of Consumer Monopolies
Previously I mentioned the type of businesses the world’s leading stock investor, Warren Buffett, likes to buy, what he considers to be consumer monopolies. These are companies that...
Aug 2009 20
Fred and Sally Lifestyle Update
Sally previously made a couple posts about the upside and downside of our way of life (Being entrepreneurs). Now some things have changed since those posts. After more than...