fbpx

Which kind of property should you invest into? Where would it be lucrative to invest? Which yield do you want to achieve? What do you want to buy and object for? How is the objects current condition? Is there any maintenance backlog left? What rent would be attainable? Is there any upside potential?  What upgrading measures can be performed to increase the investment object’s value.

We are happy to help you answer these and more questions and find a perfect object for you. We are prepared to fulfill your wishes and surpass your expectations!

Feel free to send us a message containing your search criteria (location, price range, type of property) as multiple offers are not publicized but instead get sol “off-market”.

How do I become a real estate investor and what should I consider?

As a real estate investor, you invest your money into income properties. These serves as a long-term and lucrative source of income multiplying your fortune. Therefore, the bought objects will not be used by you directly be resold or rented out to a third party.

We will show you how to become a real estate investor in these five steps:

1. Choosing objects and funding

First you will need to develop a strategy. For this you have to decide on which kind of real estate you want to acquire. This decision can also be influenced by your equity – a single apartment can be less expensive, and therefore be attractive concerning price, but it offers a lower potential for income returns. Furthermore, a plan for the property should be decided on – simply retaining for your own portfolio, renovation and renting it out afterwards or reviewing rent are examples.

At the same time, you should think about how to fund the property. You could for example use borrowed capital to invest more than your own equity allows. With inflation rising you can even profit by doing so: Your loan loses value thanks to inflation decreasing the value of your debt as well. Furthermore, you will profit from fixed interest rates on your loan while interest rates develop upwards.

2. Your property

The first thing to consider is location. The property should be somewhere with a good infrastructure and an attractive inner city. This could be in a big city like Cologne or in surrounding towns oftentimes used by commuters. It is important to regard these things to avoid your property staying vacant.

Moreover, building substance is vital. It is best to personally check the property for this. Estimating maintenance costs is also important as the properties age is not always the sole crucial point in this. This is important for estimating the maintenance cost as age is not always the only crucial point for it.

3. Tenants

To even get any income returns with your property the most important part is obviously the rent. If there already are tenants living in the object you should check the rental agreements – e.g. does an effective beauty repair clause exist? Ascertain the value of security deposits and if the tenants keep to a regular payment schedule to assure your rental income. If the object is vacant inform yourself on local rental terms.  Not every application you will get is going to be reliable as experience shows paying rent long term is not possible for everyone. Examine your applicants thoroughly.

4. Expense budgeting

When buying an income property, you need to consider multiple expense factors – e.g. real estate transfer tax, broker fees and notary as well as land registry costs. In addition, there are possible funding, renovation and running repair costs. You get rental income at least high enough to cover expenses and at best higher in return. Your difference is your profit.

5. Realistic risk assessment

When renting out a property unforeseen expenses are always possible as well as loss of rent. It is difficult to control these. Do not shy away from expecting these problems and create an adequate cushion for them.
We gladly help you to become a successful real estate investor.


WHAT OUR CUSTOMERS SAY ABOUT US?

1A SERVICE

stars

Super schnell einen Termin für eine Besichtigung bekommen, schnelle Reaktion auf Mails, super freundlich und habe durch die Firma meine Traumwohnung in Leverkusen gefunden. Danke für einen 1A Service!

Käufer

SMOOTH TRANSACTION

stars

I highly recommend this real estate agency. Kristina has a very good knowledge of the market and all the documents needed for a smooth transaction. She is a very competent real estate agent and she speaks German and English.

Käufer

NUR ZU EMPFEHLEN

stars

Frau Dyrynda ist sehr engagiert, professionell und dabei sehr verständnisvoll und menschlich im Umgang mit allen Beteiligten. Ihre Sprechzeit kennt keine Einschränkung das WE ist davon nicht ausgenommen. Fachlich arbeitet sie auf hohem Niveau , sie hat das absolute Know-how. Nur zu empfehlen!!!

Verkäufer

Reasons to decide for Estate Connect

Excellent network – access to solvent clientele – locally as well as internationally

Extensive and personalized service

Cooperation possible in following languages: German, English, Russian and Polish

Contact

We gladly present our properties to you and appreciate your contact.