Entry into capital investment real estate: 4 basics

Real estate acquisition: how to find cheap real estate, houses and apartments?

Finding the right property is the first step on the road to a successful investment. To find affordable properties, you should rely on various resources. Real estate portals on the Internet, real estate agents, auctions and even personal contacts can help you discover suitable offers. Be sure to check different locations and types of properties to have a wide range of options.

• Use personal contacts and networks
• Neighborhood
• B2B contacts (brokers, administrators, craftsmen, …)
• Direct approach to owners

Real estate yield: what is yield and how do you calculate it?

The yield is a decisive factor for your investment. It indicates how much profit you will make from your property. To calculate the return, divide the annual net rental income by the purchase price of the property and multiply the result by 100 to express the return as a percentage. A good return depends on several factors, such as the property’s location, rental rates and operating costs. As a rule of thumb, a return of 5% or more is considered acceptable.

• Yield measures the profit of your real estate investment
• Calculation: (Annual net rental income / purchase price of the property) x 100
• Factors for good returns: location, rents, operating costs
• Target: Return of 5% or more

Financing: equity and repayment plan

Most real estate investors require financing, and equity is critical here. It is usually recommended to raise at least 20% of the purchase price as equity in order to obtain more favorable loan terms and minimize risk. The financing itself consists of interest and repayment. A repayment plan will help you organize the repayment of the loan and ensure that you remain financially sound in the long term.

• Recommended equity: at least 20% of the purchase price
• Financing consists of interest and repayment
• Create a repayment plan for structured repayment of the loan
• Look for favorable credit conditions

Property management: letting, avoiding vacancies and maintenance reserves

After the purchase of your property comes the phase of management. This is about finding tenants, avoiding vacancies and keeping the property in good condition. You can rent it out yourself or leave the management to a professional property management company. Make sure to set up a maintenance reserve to be able to finance unexpected repairs and renovations.

• Finding tenants and avoiding vacancies
• Choice between self-management and property management company
• Establishment of a maintenance reserve for repairs and renovations
• Long-term care of the property for value retention

Favorable real estate, yield, financing and renting

Investing in real estate can be a profitable and long-term stable way to increase your capital. With the above tips, you can lay the groundwork for successful real estate investment as a beginner. However, it is important to note that real estate investing comes with risks, and it is advisable to do thorough research before investing and seek professional advice if necessary. However, with the right preparation and a clear plan, you can make great progress on the road to financial independence and security.

Lukinski YouTube: Yield, Capital Investment & Co.

Discover with me the crucial factors, key figures and basics of real estate investment. Compared to other forms of investment, real estate offers a ‘safer’ way to invest capital with consistent returns and long-term appreciation. Want to invest your money wisely? My recommendation: Real estate, passive income and a good life.

• Lukinski YouTube

More?

10 golden investment rules

Start your real estate journey right! Time and time again, people dream of investing in real estate, but few turn that dream into reality. These 10 indispensable rules are key to turning your ideas into successful real estate ventures. No bullshit. 10 Clear Rules.

• 10 golden investment rules

Selling old real estate: What to look out for?

Berlin, Hamburg, Munich, Cologne, Düsseldorf, Frankfurt and throughout Germany, this guide is specially designed for newcomers and the first sale. First of all, the initial situation is an important point of reference for the next steps. In principle, there are only two important questions:

• Who wants to buy my old house?
• How much is my old house still worth?

Your house sale, your multi-family house sale is basically like any house sale, only the valuation of the house, the valuation of the multi-family house is a little more demanding, depending on the year of construction and defects.

Let’s start with the “most important” question:

What is my old house worth?

Even if many first-time sellers often think so at first:

Who would be interested in my old house?

Even if your old house or apartment building is in absolute need of renovation and is in a C-location:

Offer price makes buyers

Firstly:

Buyers can always be found for the right price

Secondly, remember this:

Where there’s a house, there’s a plot of land!

Living space is scarce and land always has its value. Old detached houses, semi-detached houses or terraced houses and especially apartment buildings offer potential.

Want to learn more about sales?

Here I have all the steps for you in one guide:

• House sale
• Sale of apartment building

Let’s move on to the valuation of your old house:

Assessment: Dilapidated, in need of renovation, what to look out for?

How is a house valued? Anyone selling their very first home will have many questions about the procedure, the process and also the valuation of the old property. After all, the valuation is the basis for the offer price and purchase price and, ultimately, your profit from the sale of the property.

What type of house are you selling?

We are about to provide you with even more detailed advice on real estate valuation for houses, apartment buildings and villas, depending on the type of house you want to sell. The parameters change depending on the type of house, from terraced houses and detached villas to country houses and apartment buildings.

Depending on the size of the property, the condition of the property, the higher the letting capacity (versus vacancy), the location and the size of the plot, the offer price will be realistic and attract prospective buyers for your property.

Evaluation criteria: Location, size, condition

Here is an overview of the five most important evaluation criteria:

1. Type of house / type of use (owner-occupied, rented, multi-party houses)
2. Size of the property
3. Size of the property
4. Situation and development
5. Condition of the object
6. Current letting

Of course, you do not prepare this valuation yourself, it is prepared by professionals like us, by experts or surveyors. This provides an objective valuation(market value) as the basis for the entire calculation, from which the offer price can be calculated. When calculating the asking price, prospective developments are also factored in.

Want to learn more about valuation?

Learn more basics about house valuation, valuation of apartment buildings and, of course, the valuation of land.

• Rate house
• Valuate apartment building
• Valuation methods
• Typical defects by year of construction

Even away from the big city, living space is rare and you will find a buyer.

Selling an old apartment building: Get in touch!

Stephan M. Czaja (Lukinski)

If the floor space is large enough and the apartment building has enough condominiums, old houses, apartment buildings and their plots can have great potential with real estate investors, both domestic and foreign.

With renovation backlog, vacancy, dilapidated, please contact me without obligation:

• Contact us

Apartment building / apartment building for sale off market

In order to reach such investors (family offices, companies, investment and real estate funds, other institutions), you need to sell your property with experts in the off-market sector. What does that mean? This is where real estate is marketed exclusively by a real estate agency.

1:1, so to speak, the real estate agency only contacts selected contacts based on the previously known profile. Your property will then not appear on real estate portals, but will be presented very specifically to individual investors with a suitable purchase profile. Large investors want direct and exclusive access, other properties are not of interest to them because they cost time.

The big advantage:

The entire sale is discreet, anonymous and you don’t waste time with interested parties who have no money or just want to have a look.

Advantages of off-market sales:

• Targeted approach of investors and institutions
• Exclusive access for selected contacts with a matching profile
• No presence on public real estate portals
• Faster sale and potentially higher sales price

Capital and purchasing power: e.g. for modernization

These investor groups also have the necessary capital to develop the old property. They have 2 options.

Example: Development from rental to ownership

A very simple example: You have an old apartment building with 15, 20, 30 or 40 tenants. Now you have two options:

Option 1: Regional buyers

Regional investors generally have less capital than investors who operate nationally or internationally. Accordingly, the majority of properties will continue to be operated as they are.

This means that there is less potential in the old property and the purchase price falls.

Option 2: Supra-regional investors

Larger investors, on the other hand, take capital into their own hands and develop the property, for example by turning rental apartments into condominiums.

As a seller, you will also receive higher offers.

That’s why you don’t waste your time on real estate portals, having to answer 100 emails, constantly running credit checks. And how do you check the buyer’s equity or financing?

If you sell your old property off-market, it is not uncommon for the first person you contact to become the buyer of the property. The purchase contract and notary appointment are completed four weeks later.

Advantage: Proof of financing is available, as are the investors’ purchase profiles = fast sales process

Properties in the renovation backlog:

Old castle, palace or estate?

Even more special than houses and apartment buildings are properties such as old castles and palaces that have seen their best days.

However, there is also a good chance that real estate investors or investment funds will be interested in your property. Depending on the status of the listed building, “simple” options (conversion into condominiums) or more complex options for conversion or rededication can be implemented.

That’s why we can’t offer you a standardized guideline here, similar to old houses and apartment buildings. It always depends on the individual location, the development possibilities, for example due to the listed building status, but the history also counts for such properties.

Children during separation – emotional stress and the right way for parents to deal with it

During a separation or divorce, the children and the parents go through a change that will shape them. Whether this imprint is positive or negative depends mainly on the behavior of the parents. In order to make the separation as pleasant as possible and to burden the children as little as possible with these problems, we, the experts at Lukinski, have put together important tips for you.

The most important at a glance

• The behaviour of the parents is elementary important to prepare the children well for the separation. Open communication within the family helps to eliminate ambiguities.
• A conflict of loyalties for the child should be avoided at all costs!
• After a separation, family life changes and needs to be reorganised. The children should be actively involved in these decisions to ensure an ongoing family life.
• Children, like their parents, go through a change during a separation that shapes them for the future. Especially for young children it is important to recognize the unity of the family even after the separation and not to lose this fixed point.

The task of parents – how to behave correctly

Once a relationship is broken, sooner or later this fact must be admitted. However, the decision to separate is often associated with many unpleasant feelings, disagreements and disputes. Moreover, this step is only the beginning of a series of upheavals and changes. Since the situation is already not easy for the parents, they often find it difficult to leave the joint children out of disputes. However, when separating with children, there are a number of things that should be considered in order to protect the children and the family.

Demarcation between partner and parent

When separating, it is important to distinguish the role as a partner and the role as a parent. You should not forget that even if they have resentment or negative feelings towards the ex-partner, you still remain a parent. This role should not be forgotten or disadvantaged during the separation. In front of the joint children, such feelings should be suppressed and the children should be kept out of arguments as much as possible. Act as a parent with your ex-partner in front of the children and settle disputes in private as partners.

Communication is the be-all and end-all

The separation should be openly communicated by the parents with the children. This is best done in an open conversation before the separation, where the children have the opportunity to ask questions and have enough time to adjust to the situation. Presenting children with a fait accompli only leads to lasting confusion and lots of unanswered questions. Such a conversation is also necessary for children who are already old enough to suspect a separation through previous behaviour, as otherwise unanswered questions remain and loyalty conflicts may arise. Openness is very important in this situation to avoid disputes and ambiguities.

Avoiding a conflict of loyalties

No matter how much the parents quarrel or how great the resentment towards the ex-partner is, the children must not get these disputes. If the children are dragged into the quarrel, it often comes to a conflict of loyalty for the child. However, there are many things that parents do unknowingly during a separation that can lead to such conflicts for children. Secrecy about what to do, pushing for decisions, or defaming the other in their absence can have disastrous effects on the child’s emotional well-being. Both parents should therefore remain neutral towards the child and avoid statements against the other partner in any case.

The child remains a child

Especially with small children, the processing of the separation often manifests itself in disagreements. Whether petulance, irritability or generally bad behavior. These changes in behaviour are an expression of the child’s grief and anger. Such feelings should be given space so that the child can also digest the divorce. However, education is still very important, otherwise the child will lose the sense of right and wrong. During the separation, parents should not forget that the child still remains a child and must be treated as such.

• The behaviour of the parents is elementary important to prepare the children well for the separation.
• Open communication within the family helps to eliminate ambiguities
• A conflict of loyalties for the child should be avoided at all costs!

The future situation – residence, visitation rights and family celebrations

The traditional model of mother, father, child is now the exception rather than the rule. There are all kinds of families, from single parents to large patchwork families. Separation is an issue for many children and most of them are able to cope with the situation because the parents have managed the situation well. Finding a stable balance after the separation between both parents is important and meanwhile also well possible.

After the separation, the parents must decide how to proceed. Where should the child live, how often does the other person see the child, what should the upbringing look like, where will family celebrations be held, and so on. If these points are clarified, nothing stands in the way of further separate family life. There are now many children with two homes that can offer different things. Peace and security with the mother, action and fun with the father. It is important for the children to have a fixed point, a home to which they can relate and which remains a place of retreat for them. It is important not to give the children the feeling of being alone, but to maintain the family feeling.

It can become problematic for families when attempts are made to replace a parent. Especially in the case of separations with young children, it is very likely that a new partner will enter the life of a parent at some point. While a stepfather or stepmother can enrich life in a patchwork family, no new parent can replace the birth one. Even in such forms of family life, it is important to maintain contact with the natural parent. Here again the good cooperation of the parents is needed, because the ex-partner also has to get used to the idea of a new partner in the ex-partner’s life. Good communication and understanding from all sides helps to ease the situation for the child.

• After a separation, family life changes and needs to be reorganised
• The children should be actively involved in these decisions to ensure an ongoing family life.

The impact on the child – especially difficult for young children.

Even today, children of divorce or children with separated parents are automatically seen as problem children and are often still perceived by society as being frowned upon, although this has long since ceased to be the spirit of the times. However, there is no denying that when parents divorce or separate, children also go through a change that also shapes them for the future. So, proper handling especially of young children is elementary during a separation. Young children often feel the bond with their parents as a unit, so knowing about the separation of this unit is often perceived as a betrayal. It is therefore very important to prepare the child gently for the changes and to convey the feeling that this unity continues, just in a different form. The child needs the support and trust of both parents and must be able to continue to recognise the family framework. The final effect of the divorce on the child depends enormously on the behaviour and interaction of the parents.

• Children, like their parents, go through a change when they separate that shapes them for the future.
• Especially for young children it is important to recognize the unity of the family even after the separation and not to lose this fixed point.

Divorce: guide, help and tips

Divorce is complex, it’s true. But you are not alone! Many let themselves separate and in fact, a large part always finds a good solution. Only a small part ends in a quarrel. So that you can prepare well, you will find here our small guides and tips on divorce, family, money and real estate.

• Divorce: Guide

Feel-good factor lamps & light

When you want to change something in your home, the lamps are usually not the first thing that is thought of. However, they are often of particular importance. We explain how your lamps can have an impact on your sense of well-being.

Different designs

Lamps about lamps. Just like all furniture, lamps come in a wide variety of designs. It is especially important that your lamps match the rest of your furniture in terms of style. Since there are not only differences between the floor lamp or ceiling lamp, the choice is sometimes not so easy. From country style to vintage style, everything is included. Visit furniture stores, look at catalogs and find the right style for you, so that the overall picture harmonizes.

Effects through light

If the design of the lamps is right, you would think that nothing else can be changed. But wrongly thought, also the light plays a decisive role. There are rooms, such as the bedroom, where you do not need bright light. Quite in contrast to rooms such as the kitchen and the bathroom. There you can’t do without bright light under any circumstances, because that’s where you have to get through your daily routine in a matter-of-fact way. Think about a lighting concept for each of your rooms, because this is the only way to create the optimum feeling of well-being. Technically, a distinction is made between warm white, neutral white and daylight white. While the warm white is perceived as cozy, the neutral white conveys a businesslike atmosphere and the daylight white suits incident light.

Lamps & Light Cologne: The best recommendations

You come from the megacity Cologne and have finally found the time to think about your lamps? You have concrete ideas and are now just looking for the right shop that can fulfill your wishes? Or you just know that you want a change for your lamps, but you don’t have a concrete idea yet how this change should look like? Then you are sure to find a shop among our recommendations that has good expert advice.

Remagen ideas for light + space

Rating: 4.0 / 5.0

The store “Remagen Ideen für Licht + Raum” has been rated 4.0 out of 5.0 stars by customers. Customers who have visited this shop benefit from special merchandise and good advice. This shop could be especially suitable for you if you are looking for something extraordinary, for which you are willing to dig a little deeper into your pocket.

• Neumarkt 35
• 50667 Cologne
• Phone: 0221 207970
• Remagen Ideas for Light + Space Website
• Remagen Ideas for Light + Space Facebook
• Remagen Ideas for Light + Space YouTube

Lamp Bazaar

Rating: 4.3 / 5.0

The customers who visit the lamp shop “Lampenbazar” are mostly enthusiastic. They rave about the expert advice and the large assortment. If you come from the districts of Junkersdorf, Lindenthal or Marsdorf, then you should definitely pay this lamp shop a visit. Even if you just want to get an overview and have no concrete plan, a visit here can be worthwhile.

• Dürener Str. 430
  50858 Cologne
• Phone: 0221 487648
• Lamp bazaar website

LIGHT CUBE OHG

Rating: 4.4 / 5.0

The store “LICHT CUBE OHG” is also up there with a rating of 4.4 out of 5.0 stars in Cologne. Customers generally rave about great, expert advice. If you’re not at all keen on changing the design of your lamps, but would rather bring about a change in the effect of the light sources, then you’ve come to the right place and can get good advice.

• Cologne St. 101
  50859 Cologne
• Phone: 02234 948649
• LIGHT CUBE OHG Website
• LIGHT CUBE OHG Facebook
• LIGHT CUBE OHG Instagram

Fling in the Agnes Quarter

Rating: 5.0 / 5.0

• Schillingstraße 50
  50670 Cologne
• Phone: 0221 730522
• Side jump website

Magazine Klaus Wolter KG

Rating: 4.8 / 5.0

• Aachener Str. 40-44
  50674 Cologne
• Phone: 0221 820300
• Magazine Klaus Wolter KG Website

HALBEINS

Rating: 4.5 / 5.0

• Venloer Str. 512
  50825 Cologne
• Phone: 0174 7148984
• HALBEINS Website

LampsManuFaktur Cologne

Rating: 5.0 / 5.0

• Plankgasse 11
  50668 Cologne
• Phone: 0163 2875349
• LampenManuFaktur Website
• LampsManuFaktur Instagram
• LampenManuFaktur Facebook

Lamp.de Store

Rating: 3.4 / 5.0

• Wilhelm-Ruppert-Strasse 38
  51147 Cologne
• Phone: 02203 5649660
• Lamp.de Store Website
• Lamp.de Store Facebook

Kanag lamp studio

Rating: 4.0 / 5.0

• Arrow road 42
  50672 Cologne
• Phone: 0221 2573281
• Lamp Studio Kanag Website

Occhio Cologne flagship store

Rating: 4.8 / 5.0

• Kaiser-Wilhelm-Ring 18
  50672 Cologne
• Phone: 0221 27729711
• Occhio Cologne Flagshipstore Website
• Occhio Cologne Flagshipstore Facebook
• Ochhio Cologne Flagshipstore YouTube
• Ochhio Cologne Flagship Store Instagram

Fornus Lighting + Living

Rating: 5.0 / 5.0

• Berrenrather Str. 210a
  50937 Cologne
• Phone: 0221 4306761
• Fornus Lighting + Living Website

Cologne city map for directions

Lamps & Light Ideas: Build, craft and make

You have visited various shops in your area, but a lamp that corresponds to their ideas was simply not there? Have you ever thought about building a lamp that meets your expectations? If you have artistic skills and enough time, then this could be an interesting alternative for you. We have compiled a few videos for you, in which it is explained how you can easily build different lamps yourself.

Make wire ball lamp yourself

Hard to believe: This wire ball lamp is actually self-made. If this wire ball lamp can do one thing, it is create atmosphere. Whether you place it in the living room or in the bedroom, the glowing ball creates coziness. If you want to watch TV in the evening and no longer feel like glaring ceiling light, then this wire ball lamp is ideal for you.

Make concrete lamp yourself

This concrete lamp also has something very special. Certainly it is not the biggest light giver, but visually this concrete lamp makes quite something. Placed on a bedside table, on the dining table or on the balcony, it immediately catches the eye of a visitor. With detailed descriptions, this video will explain step by step how to get this decorative lamp. The admiration of your visitors is guaranteed and even more so when they learn that the lamp is homemade.

Steampunk lamp build yourself

When you see this lamp, you notice that it is rather in a more rustic style. For this reason, this lamp does not fit into every household. Nevertheless, it must be said that the lamp is something very special. If your interior is in such a style, then you should definitely recreate this lamp. In this video you will learn piece by piece how it works.