El Mono Inversor
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🟠 Level 5 · Real estate investing

You've spent four levels building the framework: net worth, assets and liabilities, cash flow, good debt. This level applies all of it to the most common way to get your first real asset: buying a flat to rent out. You can check every number in this level yourself in this site's rental yield calculator. In fact, they're built using its own default values.

Total investment: more than the purchase price

The most common mistake when analyzing a deal is looking only at the purchase price. The real total investment adds up three things: the price, the renovation (if needed), and the purchase taxes and fees (transfer tax, notary, land registry), which in Spain usually run around 8-10% of the price.

The rest of this level will be available very soon.