In which area are you invested? Would you be interested in exchanging ideas?
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@BoersePG Tirol
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@TomTurboInvest May I ask what criteria you use to buy? Qm? Location?
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@Petzi-Port Location near me max. 35km away, good transport connections (public transport), up to approx. 50m2, as small apartments are easy to rent... so far only new construction to have calculable costs. investor model, i.e. entitled to input tax deduction
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@TomTurboInvest thanks, have you tried older apartments where you had to repair a few things?
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@Petzi-Port not yet - I have deliberately looked for new builds and residential complexes that are managed by a property management company, including a janitor. Then it's more or less a "passive" investment - i.e. "only" looking for tenants, reporting the UVA every quarter and agreeing the statement with the tenant once a year (prepared by the property management company). I mean, if you're fit as a craftsman yourself or have a good network of craftsmen and enjoy doing it, then you can still boost the return, buy old stock cheaply, improve it, etc... but then it's a quasi different business model or no longer passive - you're then a part-time janitor.
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@TomTurboInvest ok thanks for the info, i need to start with old stock so new build projects are certainly over my budget Do you buy near big cities?
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@Petzi-Port 🥹We don't have any big cities 😂 but as I wrote, I consciously buy in locations with good connections, e.g. train station / highway. In the end, it's always a TCO consideration, new construction doesn't have to be expensive... especially when I look in our area, some people call up prices for 20-30 year old apartments like for new construction, and they always find a d****** Dutch or German who buys it. It's just where others go on vacation...
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@BoersePG what area are you traveling in! Also in the west of AT?
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@TomTurboInvest ok thank you, we don't have many big cities in austria, are you right, do you also look at factors like emigration? is there anywhere else to talk to you other than in the comment function?:)
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•@TomTurboInvest No, I am traveling in the east and southeast, where the yields are really bad and the purchase price for old and new buildings is extremely expensive. I'm really looking for real estate at the moment, including properties that can be upgraded. There's just a lot of building going on here. What kind of returns are you getting on your investment properties? Are you "buying in" or are you investing in an entire apartment?
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