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Responses

  1. Do you estimate that you will get the same market value before the corona? In addition, according to my understanding, at the moment it is almost impossible to refinance because they are willing to give only 60-65% and in addition the process will be long.
    Renters to the apartment are not paying now and protected by law 3 months What will you do in such a situation and how will it align with the numbers?

  2. I guess you didn't take financing for Kenya and renovating it.
    If you take out a mortgage now, after financing expenses you are left with about $ 1200 profit per month. No?
    Currently your expenses are 35% of your income (which is pretty low assuming you haven't changed all the infrastructure at home for the news) This will not leave you much to the badasses who will be spared over time and will also have to manage and deal with the tenants yourself.
    If the expenses reach the direction of 50% (before financing expenses and I take into account the costs of holding a private house, turnover of tenants, unrented time, etc.) then you are left with $9000 per year before taxes. The cash on cash will still be high but more towards 33% and a property/tenants that require a lot of attention (4 different tenants in a private house) and will be difficult to manage by remote control.