Buying a house without equity

A warm hello to everyone!

Like many here, we are thinking about buying a house. Here is some information about us in advance:

He, 30 years old, finished his studies a year ago -> employed as a project engineer, permanent contract with a net income of 2500€, tending to increase.

She, 28 years old, employed in the public sector, net income about 2000€.

Since we want to get married soon, her salary will temporarily stop because of wanting to have children.....

We might have the possibility to buy the house where we currently rent. There are a total of 2 rental parties. We pay 700€ including utilities + 80€ electricity and our neighbors pay 500€ including utilities + electricity.

The costs for the house would be about 160-170k€. We would want to let the other rental party live in our house for about 3 years.....

What do you think? Would financing without equity be sensible? The reason we haven’t saved up proper equity so far is because we have both only been fully employed for about a year and also need to pay for our wedding.....

Would be grateful for sensible tips and opinions

Best regards, Jan

Exactly on this topic, there are dozens of answers.

Still, a few answers.

Without equity, a 130% financing becomes unlikely.

Your luck is the low purchase price.

Still, one more question! After the 3 years, what do you want to do with the tenants? A termination for personal use will be difficult.

What do you want to do with the tenants after 3 years? A termination due to personal use will be difficult.

No need. It’s totally easy:
Legal peculiarity with a two-family house:

According to §573a of the Building Code, there is no tenant protection against termination if the landlord lives in the same house. (Simplified termination - without giving reasons -).

In this case, the statutory notice period is extended by 3 months.

It seems to me as if it were the first offer that came up after the idea of nest building arose, or did the idea of nest building arise with a purchase offer from the landlord?

We would not "kick out" the tenants. It is also a young couple who want to have something of their own sooner or later...

The idea did not come from the landlord. We have been looking around our area for quite some time.... and after careful consideration, the local house seems to be the optimal solution for us.

Not necessary. It's totally easy: Legal peculiarity with a two-family house:

According to §573a of the Building Code, the tenant has no protection against termination if the landlord lives in the same house. (Simplified termination - without stating reasons -).

In this case, the statutory notice period is extended by 3 months.

Does this also apply to three-family houses?

Have you ever asked yourself why the owner wants to sell? Family reasons (age, relocation)? How old is the house?