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Coliving Semkovo – Let's build nomad utopia together

colivingsemkovo.com

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Re: Coliving Semkovo – Let's build nomad utopia together

#5

Post by jlsync »

walski wrote: post #4

That's not far from Bansko and that dude that runs Nomad fest there, right? https://nomadlist.com/bansko would be so nice if they could make these projects a little more suitable for families. but I might need to see this when it's done anyways :)

Yes, the same dude, Matthias Zeitler - co-working (and now co-living ) entrepreneur.

Units are now on sale and selling fast.

Re: Coliving Semkovo – Let's build nomad utopia together

#7

Post by jlsync »

gregjor wrote: post #6

How does buying an apartment and living in one place square with calling it a nomadic lifestyle? Call me old school. I live in hotels and serviced apartments. Couldn’t fill one half of a room of in apartment with my possessions.

The idea is that most apartments at Semkovo will be made available for rent - short, medium, or long-term - to guests and nomads who come to access the co-working spaces and all the other facilities.

The apartments will be managed and serviced by the co-op. The apartment owners will be paid rent and maybe dividends from the co-op.

Apartment owners can stay as much or as little as they like.

Owning an apartment there could be a good permanent base for nomads. Benefits include mail forwarding/handling and taking advantage of financial residency in Bulgaria (10% income tax).

If your lifestyle is nomadic, it will be a great place to visit and invest in - no need to live there permanently.

Re: Coliving Semkovo – Let's build nomad utopia together

#8

Post by gregjor »

jlsync wrote: post #7
gregjor wrote: post #6

How does buying an apartment and living in one place square with calling it a nomadic lifestyle? Call me old school. I live in hotels and serviced apartments. Couldn’t fill one half of a room of in apartment with my possessions.

The idea is that most apartments at Semkovo will be made available for rent - short, medium, or long-term - to guests and nomads who come to access the co-working spaces and all the other facilities. The apartments will be managed and serviced by the co-op. The apartment owners will be paid rent and maybe dividends from the co-op. Apartment owners can stay as much or as little as they like. Owning an apartment there…

I used Roam when they had co-living/co-working places, but they weren't selling their units as far as I know. They went out of business, not sure why, the Roam locations I stayed at were nice and close to full, but online people complained about the high price.

For banking and tax/government purposes I find it best to keep a mailing address with opening/scanning/forwarding in my home country. My US banks wouldn't accept an address in Bulgaria. Possibly a useful perk for some people.

Good luck, may check it out sometime.

Re: Coliving Semkovo – Let's build nomad utopia together

#10

Post by 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.

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