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3 replies to this topic | 18 praises

#1

Posted 06 October 2017 - 08:30 PM

Sdf4786k
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Listen to a talk by one of the Property Group in Singapore.

 

500,000 lawyer fee, Stamp duty inclusive for 800 Sqft Freehold in berlin.

 

10 year loan at Fixed 1.8%.

 

Seems quite attractive.

 

Anyone invested ?

 


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#2

Posted 07 October 2017 - 12:45 PM

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Of course it all depends on location and comparing apples with apples etc but that seems overpriced for Berlin

 

Why is it any better than this one.?

 

http://www.rightmove...y-62165380.html

 

I would always steer clear of buying anything overseas from a roadshow here in Singapore. You will always end up paying over the odds for the "convenience". I have multiple properties in UK, USA and Australia and all of them have been bought locally. Do you research online using local property portals then spend $5k on a trip will easily save you $50k or more.... and you can have a nice holiday too :-)

 

 

For info...

 

199,000 EUR =318,650.12SGD

 


Lala81, Doppel, Sdf4786k and Noob79 praised this

#3

Posted 07 October 2017 - 01:07 PM

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Of course it all depends on location and comparing apples with apples etc but that seems overpriced for Berlin

Why is it any better than this one.?

http://www.rightmove...y-62165380.html

I would always steer clear of buying anything overseas from a roadshow here in Singapore. You will always end up paying over the odds for the "convenience". I have multiple properties in UK, USA and Australia and all of them have been bought locally. Do you research online using local property portals then spend $5k on a trip will easily save you $50k or more.... and you can have a nice holiday too :-)


For info...

199,000 EUR =

318,650.12

SGD

Any tips to share on buying US real estate? I did some due diligence a few years ago but the tax and regulatory issues are cumbersome, ended up buying some US commercial REITs instead. Read most investors structure such purchases via a SPV.
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#4

Posted 22 January 2018 - 03:54 PM

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From my understanding, Germany's property market is very protective of tenants. Do take note to find out what are their tenancy laws first before jumping into a purchase there. Of course, rental isn't the only thing you need to note, how about your exit strategy? Taxes? What is the buying sentiment there and what kind of buyers would the property attract? These are questions I would always ask myself when thinking of investing in a foreign property. 

 

As for US real estate, that's a tough one, different states have very different taxes and laws so it makes it very difficult for an investor to really understand the market there. However, most investors usually go through a lawyer to get the paperwork done. Property Management is a big issue from what I see as US has very weak tenancy laws. Once you have a squatter in your empty home, you're in for a lot of problems. 

 

Why I mention so much about rentals/ tenancy laws? I believe rental yields will give you the holding power while the capital appreciation will be the factor to make you profits. Management of the property will also make or break your profits there. Imagine making good capital gains on your property but your annual repairs/maintenance costs you a bomb. 

 

In all investments, do your research on the market. 




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