I will start by sharing my story about my first investment. It was back in 2010 and I decided that I wanted to buy a property to live in. At that time I was still living in the Netherlands and the housing market was going down. The financial crisis had hit the world including my hometown.
But I wanted to live out, I was staying at my parent’s house and I went to look around for properties, did not know what I wanted yet. I even saw a boathouse. After looking at different units, I realized that I wanted something with a nice view. I found a nice 1 bedroom apartment with a forest view and with large windows everywhere. I closed the deal quickly and bought it.
It was 100% financed, at that time it was still possible and also financed the acquisition cost, which was an additional 6%. I paid nothing for the apartment. I then lived in it for some years and could get back half of the interest I paid through tax benefits as a homeowner.
After some years, I decided to move to Dubai in 2013, and instead of selling my apartment, it was rented out. Immediately I got a good rental yield and since then I have been collecting good rental income. Also, the apartment has appreciated well, so it’s worth more money.
Not bad for an investment I did not pay for. How can you also grow your money in real estate in a similar way? Let’s look at the picture below and I hope this immediately makes sense to you.