From Dividend Investor to Real Estate Mogul

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We’ve been growing, nurturing and analyzing our dividend stock portfolio since 2014. And the results have far than exceeded the expectations we had at the start of this journey a little over 3 years ago. But to all good things has to come to an end sooner or later. And in this case, it’s definitely sooner. Our dividend stocks are no more. We’ve sold the whole bunch 3 days ago. I want to give all of you an update on what exactly happened, but even more than that. Our whole vision and strategy of investing, FIRE and life have been transformed at such a fast pace, now would be the best time to present our new plans.

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Cutting the cord

cutting the cord

Do you know those moments? Where you sit on the couch, maybe a blanket and some hot tea with you, and your eyes staring thoughtlessly at the screen in front of you. Enjoying the battles of Game of Thrones, enjoying a romantic love story or stay updated on the daily news.

But what to do if that subscription keeps costing you more and more every year. And those nights of sitting on the coach are happening less and less? Well, we did nothing for a very, very long time. But as of this week, we have officially ended our television subscription. 

Additionally, we have found two other household topics on which we could save money on. In the journey of financial independence, there is a whole spectrum on how to deal with saving and generating income. In previous posts, I’ve often mentioned that, for us, income generating assets are more important than cost reductions, due to the bigger impact. However, that doesn’t mean we don’t care what we spend our precious money!

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Monthly Dividend & Real Estate Update – October 2017

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October has always been an interesting month. Winter time is officially upon us, as the clock has been set back one hour on this side of the pond. And gradually, we transition into darker evenings and colder weather. And you just know that the biggest festive season is shortly upon us.

On the financial side, our last month has been quite steady. We signed the deed for our HELOC loan, which we will use (partially) for our first real estate deal. We also received the definitive offer on the mortgage for our second RE deal. And we’re setting up some things for the months to come, like a small renovation for unit #2, finding tenants and broadening our real estate network.  Continue reading

Becoming a Landlord – Rental Property #1

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Seasoned real estate investors always say that you never forget your first deal. I hope this will be no different for us.

You’ll hope you have done everything right, didn’t overlook a small yet critical flaw or if you have used the right calculations. The practical side of things in real estate is not a mere waiting game. Getting in touch with a party to finalize a mortgage or another type of loan to fund the property. Finding a tenant that will move in as quick as possible and in doing so, reduce the time of vacancy. Make all the contracts in order. And if you want to, finding a trusting partner that manages everything for you. It’s this, and much more than you’ll face within real estate investing. Which is all part of the fun of course. 

In the past few weeks, months even, you have all been reading along on the journey we took buying our very first rental property, also known as unit #1. 

We’ve dropping some progress here and there in our monthly reports, and promising a full detailed report later on. Well, here it is. Today is the day I’m letting you in on how this deal has taken form. With all facts and figures, going the full monty.

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Monthly Portfolio Update – September 2017

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Yet again the month has come to an end. In the last update, I was pleased with the enormous progress we’ve made in such little time. Well, apparently we have surpassed our expectations again. Not only did we move a little closer to us owning our first rental property. We stepped up the game even more and actually bought a second rental property in the last few weeks!

Our dividends keep on flowing in, not much has changed there. Although our portfolio took a dive when we decided to sell 2 holdings in favor of our real estate ventures.

But the best thing and one that has the biggest impact of all, was me getting a new job!

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A Change in Course – Quitting my Job and on to The Next

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In the past few weeks, I hadn’t had much focus on writing blog posts anymore. I had to focus on some new possibilities which would make a far greater impact on my way of living. One of them was the search for a new job, a pretty time-consuming thing to do. Since a few months, I have been focusing more on a new career move.

Finding the next step would mean 2 things: I would have the opportunity to find something I find more challenging and worthwhile (more than I do now) and changing jobs mostly entails a bigger increase in a paycheck as well!
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Rethinking the Retirement Manifesto

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With so many blogs, coaches and gurus telling you how to retire early, it’s no surprise that many are following the footsteps of those who have already done it. And all these stories have the same steps in common: live below your means, pay off debt like crazy, saving and invest the rest, hit your target number and live the rest of your life comfortable while withdrawing a certain amount of money each year.

Sounds simple. Their focus is on analyzing how much wealth you have to accumulate in order to quit the 9 to 5. When you hit that target, you have enough to retire early. Your accumulated wealth will last a lifetime when keeping your lifestyle at the same level. Within the FIRE community, this is a very common mindset, which is often referred to as the ‘regular’ FIRE approach.

And if this is the ‘regular’ approach, are there any others? Well, thanks for asking. Because yes, there are. You have the Lean FIRE and Fat FIRE ‘movement’. People who’ve set up a different set of rules that deviate a bit from the status quo of FIRE.

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Monthly Portfolio update – August 2017

Monthly dividend and real estate update - august 2017

Looking back this past month, I was thinking what were the things that really stood out for us. Besides some steady dividend income, we’ve also paid down the deposit for our rental property and are finalizing some last steps on the total financing package, like getting our current home appraised. To add some fun to the mix, I got the opportunity to attend a blockchain masterclass, which was awesome. And I’ve booked a 5-day holiday to Lisbon, where I will go to with a friend in October. Let the money roll, right 😉 And not to forget, Divnomics had its first birthday last week!

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