I would like to ask you something. Have you ever asked yourself, how many ways are there in which you could make money? I mean in general. Forget about the real estate for a moment. The one way that everybody of us knows is to offer your efforts and skills on the market and to earn a salary for this. This is the so-called 9 to 5 job. That is what most of the people are doing.
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Everybody has heard at certain point of time that the rich guys invest their money in real estate but few people ask themselves why? Actually, as humans we can't do anything without real estate. For each of our activities we need some kind of property where this activity should be executed. This might be a residential real estate where to live in or an office where to work or a factory where to produce our goods.
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The real estate market exactly as the stock market and other markets develop in cycles. The difference to the stock market is that in the case of the real estate market the people are not used to look the whole day at charts. Because of that some of them don't realize that there are strong defined stages of development of the cycle.
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Bloomberg TV Bulgaria broadcasted an interview with me and the leading journalist Mr. Hristo Nikolov about the recent developments on the real estate market and the current phase of the property cycle.
At the beginning I was introduced as: Svetoslav Deltchev – expert in real estate and finance and former Managing Director of Immorent Bulgaria.
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I am in my mid 40-ties and have a beautiful and loving wife and two sons - 10 years old and 10 months old.
As a real estate investor, I have invested in my first real estate in 2006 and since than I am gradually increasing my portfolio of rental properties. Up to now I have invested in over 30 rental properties ranging from apartments to beauty studios. Actually, the beauty salon was bought in 2006 as my second real estate and I still have it and enjoy the rental income each month.
I have a degree in Finance and Investments from the Technical University in Berlin, Germany. It was a marvelous time in Berlin and I have enjoyed really international fellowship there. I had many friends from different countries from the whole world, not only Europe.
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© 2023 Svetoslav Deltchev
