Very nice video! I've been watching American real estate videos for sooo long and it's been amazing to finally see someone talk about the European market! Keep up the good work!
you did not state the refinance part of brrr correctly. after purchase and renovation, the cash out refi is normally only for 75% of new appraised value. Sometimes 80%.
If you buy in cash which is the ideal scenario in the BRRRR method you should be able to get a mortage on that property regardless. It won't be refinanced, just a brand new mortage based on the property appraisal.
I LOVE seeing numbers along with considerations. I haven't yet ventured into the real estate space but I've always been curious about BRRRR and will keep these in mind. Thanks for sharing Simon!
Heyy! Am a Croat living in Germany also interested in investing in property's here in Germany any suggestions where i can find out more about it ? I'd appreciate an answer, Thank you
Hey Alex, It will depend on what exactly you would like to know. I do not know exactly what the real estate market in Germany looks like. However when starting to invest in real estate I would check out the local real estate prices and see how much a similar property costs in rent and start there. A -10% difference in mortgage rate compared to the rent you can get for the property is perfectly normal especially if you think the value of that property will rise in time. It is unlikely that you can immediately get the same in rent as your mortgage (unless you invest more and loan less to begin with). With that knowledge go to a bank and see if you can get a mortgage for it. I would start there and then start looking for a property in a local area that you know well. If there are ever problems with the rental property for example, you don't want to drive a few hours every time to solve them. Not sure if I Answered your question but if you have any more questions: feel free to ask!
Do you mean a cash out refinance? In that case sadly no. An equity release and making your mortgage longer is possible in most EU countries. It is best to discuss this with your local bank to know the specific rules that apply for this. It depends a lot country to country.
That is possible, but you will only get a 25 year loan for your first property. And something like a cash out refinance afterwards isn't really an option.
Beste, Aangezien je een Belg bent zou je veel weten over vastgoed in België. Ik ben een moslim en ben geïnteresseerd in vastgoed maar zijn er opties waar er geen hypothecaire leningen zijn? Sinds het verboden is om met interest en in die zin te werken, zou het mogelijk zijn om succesvol te zijn in de vastgoedsector in Europa zonder intrest?
Dag Tommy, Hier heb ik zelf weinig ervaring/kennis over. In sommige landen wordt er met een kostenplus methode gewerk waarbij een bank de woning koopt en doorverkoopt aan jou met een markup. Jij betaald dan deze nieuwe prijs maandelijks af over een bepaalde periode. Best eens voor informeren bij een bank.
