Strategy or Just a Dream?
n general, my current strategy is focused on increasing initial capital. Here's how I'm approaching it:
I'm working in the mining industry in Australia, where even entry-level positions start at around AUD 2,000 per week. On a personal level, I hold tax residency in Paraguay. As for the business structure, I'm still deciding between setting up a Georgian LTD or an Estonian OU. If I find that a Belize-based company offers more credibility in Asian or European markets, I might go in that direction instead.
The estimated cost to set everything up—both personal and operational—is around USD 10,000. Getting fiscal residency in Paraguay has become much simpler since 2022. Today, you can do it through a specialized agency for around USD 4,000. They also provide a temporary residential address, which is a requirement for filing the paperwork. That part was a bit of a hurdle for me, since I recently moved to Australia. Doing it independently would take around eight months, and you’d still need to spend at least 3–4 days in Paraguay to find and rent a one-bedroom apartment.
Plan A Use my mining salary to invest in stocks or equity ETFs through a company structure, following a dollar-cost averaging strategy and taking advantage of compound interest. The focus is on choosing accumulating funds—those that reinvest profits—rather than distributing ones. The goal isn’t capital gains, at least not primarily, but rather to build up financial assets that can be used as collateral for loans and mortgages with banks or financial institutions.
Plan B Once I have collateral, I’ll use it to secure financing and purchase physical assets—real estate or high-value goods—with a practical, grounded approach. Step-by-step:
Buy a property Rent it out Initially focus on student housing for consistent demand Later move upmarket and target more specialized rental niches For example, in Albania, you can build something quite appealing with around EUR 110,000—especially if you’ve got a good eye for design.
Assuming the mining income remains stable (which is the foundation of the entire plan), I can take on multiple loans as long as I manage risk properly and maintain solid debt servicing capacity. You only need one property to get started and build experience. Two means you're getting serious. By the time you have three, you're no longer a beginner.
In my case—since I’d be renting the properties—the key is to ensure that rental income covers the debt within a clearly defined and pre-calculated time frame. That creates a self-financing system.
I’m not stressed about any of this. The real challenge is just the initial planning and structuring. As for unexpected events, I’m ready to handle them as they come.
Anyone interested in discussing this? Or have any tips on where to connect with people who have a similar mindset and ambition?
I’m working on a startup that pulls real estate data across Europe. Could be handy for researching spots like Albania or sizing up rental markets. It's still in beta and we're opening countries as we grow. Available here: https://stream.estate