MarkoZ12
2020-05-23 07:49:48
- #1
Hello, I am looking for a lender for a sum of 120k Euro for a multi-family house (180k) with initial capital of 70k. Since May 2017, I have been self-employed, in Germany but also abroad, with a net annual turnover of 29k in 2018, 33k in 2019, and 41.5k until May 2020. I have already contacted various online portals but always hear that only income in Germany can be considered, which is about 10k annually and simply too little. Even if the multi-family house is fully rented with 5 residential units for 24k per year, this also cannot be taken into account. Does anyone know a bank that would support such a project? For me, this is absolutely safe and I would consider monthly payments of 1500 Euro to be reasonable. This would repay the net amount of 120k in only 80 months, i.e., 6.6 years. I am very interested in your tips but also opinions and look forward to hearing from you! Thank you PS: When I worked as a night watchman with an employment contract during my studies earning 1500 net, a 100k loan for a house purchase was according to the bank no problem. Now my monthly net income is between 3.6-6k and nothing seems possible. You really have to let that sink in...