All Forum Posts by: Peter Hans

seems like it's worth to investigate further on this topic!

@ J Scott
yeah i am luckily already gottan that far but thanks anyways!

anybody else with experience?

thanks for the feedback :)

what i meant is that over the years the amount of money you have to pay back for the credit gets less and less and you own more and more of the property which isn't cashflow (sorry) but it's still adding to our wealth

let's say someone has a cashflow of 5000$ a month and has opportunities to buy breakeven propertys
should he ignore this deals? atleast in theory there is no disadvantage but in practice scenarios can appear that might make the investment a negativ cashflow property i think i understand it now but if you have the liquid to bear this scenarios you should be fine shouldn't you?

on the other hand if you don't have the money and the 5000$ positiv cashflow and you can't stand bad scenarios it's a no go to buy a breakeven property

so overall:
- if you are wealthy breakeven properties can be bought
- if you are broke and can't stand any heat breakeven prperties should never be bought

would you agree with it?

Hey :)
so the basic rule for a good REI is most of the time
100% finance w/ a cashflow of 100$ per unit

but what is wrong w/ buyin RE which is breakeven cashflow wise?

simple example:

-no downpayment
-100k credit at 8% ( which would be 666.66$ a month hehe)
- about 1350$ rent

so with the 50% rule we would have a cashflow of about 8$ so basically breakeven

after a couple years the RE will start cashflowing...

well imo the 100$ per unit is good because the investor is on the "save side" just in case if something isn't running you way so you have a buffer

but let's say you are already having a decent cashflow and a good amount of great property wouldn't it be a good idea to add the breakeven property as well to your investments as long as you ain't ONLY investing in breakeven properties?

sorry i didn't answer your first question yes i am from germany ;)

the only thing that seems to be comparable to REI Clubs is called "Vermieterverein" but it doesn't has much to do w/ investing more about managing your tenants

it also seems like REI is very unpopular in germany :(
can you confirm that?
i have a lot topics in this thread the last few days and also found some post from you in which you said you are from germany working in the real estate business but you are looking to invest in the usa so it seems like for you germany isn't attractive for cashflow investing?

Hey everyone,

i am interested in your opinion on my thoughts.

I am pretty much a newbie when it comey to REI through i have read a lot about it but didn't bought anywhing yet.

I am living nearby two pretty big towns and a few smaller ones. What do you think about investing in singel garages/parking space and renting it?

You will obviously not get richt this way but imo it's a good idea to get started in REI especially if you don't have a lot money and more important expierience.

Does anyone of you have experience w/ the topic?

i guess it has it pros and cons i am just interested about your opinions :)

btw sorry for my bad english

hey thanks for the answer

i also was searching for this words but unfortunately i didn't find anything :/

Are there any REI Clubs in europe/germany?
I am searching for them for quite some time but couldn't find anything... i must be doing something wrong because i can't imagine that there aren't any REI Clubs in germany.

maybe they have a different namung than in the US which is the reason i don't find them?!

anybody here that can help me out?

thanks :)