Fernando Gutierrez

Real estate operator running opportunistic deals across Europe. I write about the parts of AI in business that actually move money.

[Fernando Gutierrez @fernando]

1/ Three local models on a Mac mini handle the volume in my setup: press, emails, notes, documents. Parsing, enrichment, search.

Everything they produce gets stored in local databases.

Opus 4.7 only shows up at the end, on curated context.

24GB of RAM. Cost of electricity. Here's the architecture.

[Fernando Gutierrez @fernando]

There is a strong buying culture in Spain, but salaries are super low due to low productivity. Most people simply can’t pay what it costs to build a house.

Germany is an interesting case. I hear there is a lot of talk lately about the problems of your preference towards renting. Is that the case? I’ve worked in commercial real estate over there (I manage something in Berlin) and I find it a great place to work.

I also live in CH and have developed a couple of projects here too. Financing is way easier here, even if only because buyers have money.

[Fernando Gutierrez @fernando]

Similar process and legal figures in Spain (Roman Law is the base in both countries). However, the finality of that first contract depends on what you negotiate. It’s quite common to make it contingent on getting financing, specially for lower income buyers.

Demand is high, but not as high as the numbers suggest. There is a serious offer problem that constrains the market. Most people can’t afford to buy.

[Fernando Gutierrez @fernando]

@mainichigerman @TimurNegru Idealista (the source) is the leading portal for selling homes in Spain. Probably they consider a sale when the seller removes the ad. The actual sale takes way longer. Most mortgages take more than a month even if pre-approved.

[Fernando Gutierrez @fernando]

Check this more than I’d like to admit. Not because it’s running low. Because the work runs through it now.

[Fernando Gutierrez @fernando]

Same here. I’m working great with my tax advisor in Berlin now, but it took years of adjusting and a lot of frustration along the way.

As for tax authorities, completely different game. The problem with the Spanish one is that they assume you are guilty and do things in bad faith by default, which makes everything confrontational. You’re right that Germany is slow, but I’ve always found them quite fair… so far 🤞

[Fernando Gutierrez @fernando]

@alvaroalegriam 2-3% es mejor que la mayoría. Yo dejé de entrar regularmente hace años por eso y los mensajes de aprendizajes varios.

[Fernando Gutierrez @fernando]

@RetailDevDude @iononrecourse Banks will spit in your face, so your pockets define the size of the deals you can do. Small can be good. Specially because you need to diversify.

[Fernando Gutierrez @fernando]

I do that kind of stuff. Different types of assets. Different countries. The only common thing is high uncertainty.

I’m not suited for the other type of operation, this works best for my personality.

You are right about wide range of results. The key is entering at a great price so you can cut loses early if things don’t go as they should.

[Fernando Gutierrez @fernando]

Una casa así es un trabajo full time y un pozo de dinero. No es lo que te gastas al comprar, es lo que te gastarás después. Y si tú vida no permite remoto por trabajo o colegios apenas la disfrutarás. Sé de varios que han comprado ese tipo de producto en distintos sitios y han vendido en menos de 5 años.

[Fernando Gutierrez @fernando]

@robbiehendricks I’m not even Iin the US and this post makes me want to work with you. Perfect delivery 👏

[Fernando Gutierrez @fernando]

@IkerRealEstate Si además fueran bonitos ya sería brutal

[Fernando Gutierrez @fernando]

@OmarMora1es An anti Gore index would probably do as good as the anti Cramer one.

[Fernando Gutierrez @fernando]

@realEstateTrent Risk has to a be a factor in any conversation about returns.

I target way higher than that because I do distressed. The only thing I know when I enter is that plans will go to hell. Fast.

I would assume that those retail operators aren’t talking about the same thing.

[Fernando Gutierrez @fernando]

@realEstateTrent You’re taking about mythological creatures now.

[Fernando Gutierrez @fernando]

@antonia_mdprjct Like all previous technologies, it will kill some operators in most sectors, including commercial RE.

It will also empower others in the same sector of those killed. This group feels nicer.

[Fernando Gutierrez @fernando]

@KobeissiLetter We've already seen this movie. Like 20 times already. It's getting boring.

[Fernando Gutierrez @fernando]

@realEstateTrent @AdamB1438 And you would like to know.

[Fernando Gutierrez @fernando]

Two instances of Claude. One writes the code, the other reviews my strategy.

Today the strategy one told me not to mention its existence to the coding one. Said it would start second guessing itself instead of just doing the work.

So now I'm keeping one AI a secret from the other AI. To protect its feelings.

[Fernando Gutierrez @fernando]

@SwissHodler I can’t vote on this because I still haven’t earned my full rights in Switzerland. And that is how it should be.

Residency should be hard. Citizenship even harder. Those are not rights and should take an effort.

Protect what you have.