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Capital · 03

Real Estate

For me, real estate is first and foremost cash flow and a long-term asset — not a bet on price appreciation. I run the numbers, not gut feelings.

01

Count the cash flow

Rent minus all expenses (taxes, insurance, maintenance, vacancies) — that's your real return. Price growth is a pleasant bonus, not the plan.

02

Location and liquidity

You can buy almost anything. The question is whether you can rent it out and sell it fast. Location answers both.

03

Respect leverage

A mortgage amplifies both profit and loss. Take on leverage you can carry even in a bad year.

04

Real metrics

Cap rate, cash-on-cash, payback period — calculate them before you buy, not after. Numbers are more honest than emotions.

05

Keep a reserve

A reserve for repairs and vacancies is mandatory. A property always costs more than it seems at the start.

06

Think in decades

Real estate rewards the patient. It's a marathon with compound interest, not a quick flip.

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This is my personal experience and my views, not individual investment advice. Any decisions about investing money are yours alone and at your own risk; consult a licensed professional when needed.

06Publications

Peer-reviewed papers on logistics and digitalisation.

The practice of ABK Trans and GreenMoving, translated into research.

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