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My passive income is quite standard. Three apartments in a new block. I bought all of them four years ago when the construction was still unfinished. This got m
by tove 10y ago
My passive income is quite standard. Three apartments in a new block. I bought all of them four years ago when the construction was still unfinished. This got me a good price. I knew that the area would be under continuous development, therefore it won't be hard to find renters. I was right. Best part is that I didn't even have to furnish them. I managed to rent them all unfurnished.
- Dowwie 10y agoIn what country are you located? Furniture is more of a short term rental requirement, unless you've included essential appliances with your categorization.
- tove 10y agoGermany (Frankfurt). I didn't provide the appliances, except for fridge and electric oven+stove (because I managed to get a discount on buying three sets of these appliances through a friend). Sorry, also the kitchens were furnished by me. The rentals were made long term.
- ninjaroar 10y agoThat is true in the US, even in NYC. However, furnished apartments are the norm in London, for long rentals.
- deleted 10y ago[deleted]
- sean_patel 10y ago> My passive income is quite standard. Three apartments in a new block. I bought all of them four years ago when the construction was still unfinished. Trust fund baby? You make it sound easy. How much cash did you have to front for the down payment total? I know that for Investment properties, Lenders require a minimum of 25% - 35% cash down (so they can hedge their risks against you dumping a badly performing investment property.) The barriers to entry in Real Estate investing (as rental properties) is almost always the HUGE down payment.