With the Christmas carols already jingling from the radio stations, and the cold freezing your fingers in the morning. You know the end of the year is very close.
With only one month to go, we will mark this year in many different ways. The biggest one – investment wise – has been our sell-off of the stock portfolio. We’ve changed our vision and strategy on investing completely, and therefore made some choices that will have a big impact on our lives moving forward. Instead of turning our savings towards dividend investing, we are now committed to real estate investing.
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.
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
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.
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!
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!