Berlin apartment buildings: With the rent cap, politicians have put a spanner in the works for many real estate investors.
Getting hold of a rental house that is suitable for the investment is difficult enough. If it finally succeeds, the worries really begin. But there are some things that laypeople can learn from experienced investors.
IReal estate has become a coveted investment property, but buyers should know what they are letting themselves in for. As soon as they acquire other objects in addition to the living space they use themselves, things become even more strenuous. In times of persistently low interest rates, rental properties can yield good returns, but every real estate euro is hard-earned. This applies to all phases of a real estate investment: selection, financing, purchase, the often decades-long holding period and the sale or inheritance at some point. The search for a promising property and a cheap loan is time-consuming and nerve-wracking, not to mention the subsequent bidding war. If the purchase is finally successful, new worries quickly arise.
Contractor Dieter Köster can tell you a thing or two about all of this. He invests about 20 percent of the private family fortune in real estate, another part is in stocks and of course in his own company, which has a turnover of 1.3 billion euros and employs 2000 people. In an interview with “wir – the magazine for business families”, which is published by FAZ-Verlag, Köster gives practical tips that give an idea of what private real estate investors have to deal with every day.