Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
7y
@Niels Bjørn Toppenberg I think the difference in cost of money is staggering. So it is very tempting to keep it. At first I thought you were buying a big apartment building then I saw we are talking Kroner. The superl low cost of money makes sense to keep it. Congrats and all the best!
Thank you for taking a look and giving your feedback!
Money is super cheap here. Almost no defaults on these loans where the lender loses money so the pension companies (and others who are looking to preserve capital) love to buy these loans securities in large chunks.
The property is listed as a regular apartment which means the agent used comps to estimate selling price.
After I buy it and put tennants in it will be an investment property and value will be based on rental income which will be compared to other investment properties in the area with simular rental income.