@Matthew Song Loong
Hello Matthew, good job on buying in 2014, the property should have increased in the value by lets say 50%, didn’t it?
My name is Robin, I am a mortgage broker specialized working with Expats and BTL mnortgages. We just had our 2nd seminar where we discussed excatly these topics.
What you say about the 45% is thru, but you should be able with some banks to use the rental or even future rental income to support the cashflow. However Prague 1 - unless you are doing AirBNB, the rentals are hardly profitable IMO.
Also the LLC loan is possible with 70% LTV (what is super interesting is the maturitay of 25 years), interest rate 3,99%, just you might run into problem that the rent should cover the mortgage + buffer, which is quite impossible in Prague 1.
Let me know if you want to know more or have a cafe,
best regards, Robin