[12907835202]

I'm been following for a while. I have a feeling the 200 people that sign up all have different expectations. Couple that with the need to make decisions and find funding for maintenance collectively and I think you've got a recipe for disaster.

For one example of the different expectations. I think there's going to be more expectation to fix up your apartment yourself (like a house) than most people assume comes with an apartment.

And I don't get the impression Mathias is the hand holding sort in anyway.

That will leave a number of people needing to put more money and time into this than they expected.

Anyone thinking this is a simple buy to let are going to be disappointed, it's a fixer-upper.

And finding 200 people wanting a remote Bulgarian fixer-upper will be tough.

I'm not surprised they're struggling to sell them all even at the extremely low prices on offer.

[jlsync]

Some valid concerns.

Definitely some challenges in this project for Matthias. I think he will manage the people and expections side of things pretty well given his co-working experience.

A renovation package is planned that buyers can opt in to. The estimated cost is about €10K. Buying goods/services/trades in bulk should drive down the price for those that participate. Going with this option should be simple.

And when apartments are all refurbished to the same standard, they should be easier to let out.

Alternatively, apartment owners can DIY their apartment renovation themselves if they wish - probably only simple if you're a local or have time and experience on your side.

Also, apartment renovation can be postponed, pending funding or for other reasons.