Hello,
we are new here and would like to ask about the following situation:
We are considering a plot of land that allows for building a duplex and renting out one part. Selling the second half directly is not an option due to capital gains tax. Are there any alternatives in this regard?
Our question is: is it possible to include future rental income when arranging financing? It might even be possible that the parents move in, so the rent would be “secured.”
We would be very grateful for any experiences or ideas.
Best regards
we are new here and would like to ask about the following situation:
We are considering a plot of land that allows for building a duplex and renting out one part. Selling the second half directly is not an option due to capital gains tax. Are there any alternatives in this regard?
Our question is: is it possible to include future rental income when arranging financing? It might even be possible that the parents move in, so the rent would be “secured.”
We would be very grateful for any experiences or ideas.
Best regards
Maybe it is also crucial whether you rent out an anonymous "studio apartment" in a multi-family building or a residential unit in a semi-detached house. Based on my own experience as well as landlord experiences within the family, I cannot really report anything negative. However, we neither squeeze out every last penny nor are we overly picky. 😉
blubbernase schrieb:
2 property managers who together oversee more than 1000 unitsTroublemakers exist in every field. He’s not looking for 1000 great tenants, just ONE is enough. 😉
First of all, thanks to everyone for the input. I’m aware that there are bad apples. Generally, the area and the features would be such that you wouldn’t end up with the “Rtl2 clientele.” As I mentioned at the beginning, sometimes the parents as well.
My main focus was more on the experience of financing such a project 🙂 That’s why I chose this subforum as the place for the basic discussion 🙂
My main focus was more on the experience of financing such a project 🙂 That’s why I chose this subforum as the place for the basic discussion 🙂
flo1109 schrieb:
We are looking at a plot of land that allows us to build a duplex and rent out one part of it.Trying to build wealth by becoming a landlord with just one rental unit, especially a newly built one, involves making three mistakes at once—and if you’re using borrowed money, that’s four. Only victims of scammers who misspell "investment" or "advisor" and naive dreamers get fooled by promises that are as unrealistic as Easter eggs being delivered by Santa Claus.https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
When the parents move in, this is definitely the best financial arrangement from a tax perspective. From the start, there must be two separate units, including the land register, declaration of division, mortgage, invoices, and so on. If done correctly, there can be a significant tax refund. However, when selling, there is no capital gains tax. The profit must be declared as income tax if the property was rented out. A good tax advisor can certainly ensure that it remains tax-free.
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nordanney31 May 2021 09:39flo1109 schrieb:
I was more interested in the experience of financing such a project 🙂 That’s why I posted in this subforum rather than the general discussion 🙂 Investing in a newly constructed house as a capital investment is a disaster in terms of returns. Since I am not speculating on rising prices but rather looking at the effort involved in tenant turnover and the ratio of rent to construction costs, it would definitely not be my choice. You should run the numbers yourself.