Part 5/8:
In terms of finances, the process of converting the garages to apartments is relatively low-cost—the paperwork alone is about €700. The talk reveals that concrete walls already in place simplify the process, enabling the construction of the new apartments within a matter of weeks. The investor sees the potential for profitability in this venture, projecting a swift return on investment.
Challenges with a New Acquisition
The investor also recounts a slightly chaotic episode involving a recently acquired car—a Mercedes 220 Diesel. Although it came with a check-engine light problem (often tied to the diesel particulate filter), the quality of the vehicle was deemed satisfactory overall. The investor planned to prepare the car for sale soon, adding to their diverse business activities.