4 tips for “cheap” real estate

How do you find the real bargain houses and apartments? 4 basics to get you started with real estate & investments.

Neighborhood: make it known you’re buying real estate

The local neighborhood is often the best place to start your real estate acquisition.

People around you should know about your interest in real estate investing!

Because only if they hear about it, they can automatically send you offers or recommend you to potential sellers.

One way to increase your presence in the neighborhood is to attend local events. At these, you can start conversations about real estate and share your intentions. In addition, social media can be helpful in spreading your message. Remember that building trust in the neighborhood takes time, but can be the basis for many successful businesses in the long run.

• The local neighborhood should be the first to know about your intentions
• If no one in your area knows you’re looking to invest in real estate, potential deals and referrals will pass you by
• Use local events, social media and word of mouth to communicate your interest in real estate

Address B2B contacts: Networking with professionals

Working with business partners can be extremely valuable to your real estate acquisition efforts.

These include professional brokers, tradesmen and property managers.

These players often have access to properties even before they appear on the public market.

To work successfuly with these professionals, you should offer superior incentives that motivate them to send you information about real estate listings. Partnerships or tipster commission can be an effective way to pique their interest. A good relationship with B2B contacts can give you access to exclusive properties and give you a competitive advantage.

• Search for B2B contacts such as professional brokers, craftsmen or property managers
• These contacts often have access to properties before they appear on the market
• Consider how you can be attractive to these contacts, such as through partnerships or referral fees

Direct contact with owners: Actively search for real estate

Sometimes it is necessary to actively search for properties and contact owners directly. This means that you proactively look for properties, whether in your area or in specific regions that are interesting for your investments.

Research carefully to locate owners and have professional conversations to get their interest. It’s important to build trust and be respectful, as this increases the chances that owners will work with you and offer you their properties. This direct approach requires patience and persistence, but can often lead to great deals.

• Actively search for properties and talk directly to the owners
• Do research in your area or areas of interest for your investments
• Be respectful and professional in your conversations to gain the trust of owners

Continuity: patience and consistency

Successful real estate acquisition requires not only commitment, but also patience and consistency. It is unlikely to become a millionaire overnight.

Take a long-term approach and continually work on your acquisition strategy.

Be authoritative and serious in your appearance to leave a positive impression. Set realistic expectations and be patient. Real estate acquisition can take some time before the first successes become apparent. Hang in there and stick to your goal – sooner or later you will be able to reap the rewards of your work and make successful real estate investments.

• Continuity is key. Build a long-term strategy
• Be authoritative and serious in your appearance to make a good impression
• Don’t lose patience – real estate acquisition requires time and preliminary work

4 Basics: Acquisition with a system

Property acquisition is a crucial step for real estate investors to find the best deals. A well-built real estate acquisition system can significantly impact the success of your investments. Remember to involve the local neighborhood, use B2B contacts, approach owners directly, and be continuous and patient. For more valuable insights and tips, check out my YouTube video on real estate acquisition basics.

Lukinski YouTube: Yield, Capital Investment & Co.

Discover with me the decisive 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

Der Beitrag Real Estate Acquisition: 4 Basics – How to build a successful acquisition system – new video! on erschien zuerst auf ℄ Real Estates.

What is the advantage of partial sale?

You think about the partial sale of your property? In our guide we have already reported a lot about the partial sale of real estate and of course answered the question, is a partial sale of real estate useful? Selling to your own children, angel children – how does it work?

The great advantage of partial sale is the quick transfer of the purchase price. Finally, you save a lot of steps in the real estate sale. For example, a large part of the communication with potential buyers, the subsequent credit checks so that you find a serious buyer.

Partial sale to private possible?

In principle, the partial sale of real estate to private is possible. Anyone can acquire shares in your property and thus become a part owner. Basically also a good idea, after all, the sales price is transferred quickly. You surround the typical buyer search when selling real estate, if you have a direct contact for the partial sale.

Private sell via portal?

Not everyone has family, usually children, who buy off part of the property. What are the alternatives?

Most private buyers looking for offers via real estate portals will not accept a partial sale, but want to buy the entire property. If you want to sell a property in part, you should look for people in the immediate vicinity who might be interested in participating. In this case, you should contact one of the partial sale providers.

Partial sale apartment, house, land – all possible.

Example: share of 20% sold to children:

Right of residence and right of use: costs?

After the partial sale, you only need to agree on the use of the property.

What are the costs of the partial sale?

If you want to retain the sole right to live and use the property, the partial buyer will usually demand a usage fee from you, the so-called “usage fee”. Of course, in the case of a private partial sale, for example a partial sale to your children, you can agree that no usage fee has to be paid.

The usage fee is freely negotiable.

The typical user fee is approximately 3% p.a.

Providers usually charge 3-5% p.a.

Also in the guide on the subject of partial sale providers in comparison, we have already calculated the various user fees of the larger providers (financial companies). If you sell your property in part to a company, like such a financial company, then the usage fee is usually between 3% and 5% (of the sold share) per year.

Means simply, if you sell 100,000 euros of your property in part, you pay an annual user fee of 3,000 to 5000 euros.

Tip. Secure yourself, the usufructuary right

In all cases, however, you should protect yourself, especially with regard to your lifelong right of residence and right of use. The technical term for this is the so-called “usufruct”. The usufructuary right stipulates that you have a complete right to live in and use the property until the day of your death. Accordingly, you are independent of any decisions made by your future co-owners. Even if they are your children or grandchildren.

Purchase contract at the notary:

Taxes on partial sale to private

The name says it all, this tax is intended to limit speculation in the real estate market.

Speculation tax explained

With the speculation tax, the legislator says: If you buy a property, you may only sell it tax-free after X years – even in the case of a partial sale. X = years differs depending on whether you bought the property as an investment (rent it out) or live in it yourself (owner-occupied).

Speculation period:

• Third party use – 10 years
• Self-interest – 3 years

Amount of speculation tax

The amount of the speculation tax always depends on the own tax rate. Thus, the speculation tax is quickly over 25% and for high earners also quickly 40%.

Read more here about the:

• Speculation tax

Partial sale of real estate. The guide

You want to learn more about the partial sale of real estate? Then take a look here at my big guide, in which I really highlight all aspects, from the advantages, to the disadvantages, to possible alternatives, such as the mortgage loan or even the real estate pension. Of course, also everything on the subject of taxes in the partial sale. All experiences:

• Partial sale property

Der Beitrag Partial sale real estate private: house, apartment and land erschien zuerst auf ℄ Real Estates.