Investing in Prague City Centre (Prague 1), Czech Republic
Hi, just a quick introduction of myself
I'm Matthew, born in Holland, and I've been living in the city centre of Prague (Czech Republic) since 2012 and bought my first property in 2014.
I acquired my second property this year (waaaay smaller, as the prices have shot up!) and I'm working on getting my next property/properties now. Renting out in the centre is often not profitable, but there should be enough potential to still make money (e.g.: Rent out, Buy & Hold).
The biggest question however, is how to finance it? I could wait yet another few years when my income finally increases enough to be allowed to get another mortgage... Yup, mortgage can "only" be 45% of net income here. Who knows how old I'll be by that time...
However, there should be other ways to finance another property too, I believe (e.g.: apply for mortgage as LLC)?