Financing a holiday apartment

this is just meant as a thought-provoking hint from me that rental income is not automatically always available to repay the loan. If that is not a problem for you and you can cover the loan from your income if necessary, then it's okay. I do not know your finances/ongoing expenses well enough to be able to judge that.

If that's no problem for you and you can still pay the loan from your income if necessary, then it's okay.

More reasonable, however, is to get off the house debt once in a while by pumping the flexible money into it.
We also have at least 5000 left over every year... plus a savings rate, so overall equity. So 15000 p.a. left over, but I would never think that I can afford a holiday apartment.

Increase repayment, from 3% to 6.7%...

However, it is more reasonable to reduce the household debt by investing the flexible money there.

I agree.

Of course, negative income from commercial and business activities is offset against positive income from non-employment work. Only private sales transactions and stock sales are offset separately, but according to §§15, 18, 19, 21 of the Income Tax Act, negative income from one type of income is offset against positive income from other types of income.

sorry, you are right nevertheless I maintain that it is nonsense.

I never thought that with 5,500 monthly and a payment of around 500 euros for the apartment we would be doing so badly...

And where is the equity then? From the bank's perspective, the holiday apartment is also valued very differently than a "normal" condominium, since there are not even regular rental incomes, but significantly higher operating costs (management, key handover, final cleaning, replacement of furniture, etc.). Purchase price €117k (small place or why so cheap? Located on the AdW? Probably including furniture), bank loan value maybe €85k (after safety discount and deduction of furniture). Of the €85k, the bank counts the real loan portion = 60% as security ==> that is a collateral value of €51k. And you want almost 3 times as much financing for collateral of €51k. That doesn't fit. And that is why you don't find financing. Currently, with Corona AND holiday apartments, the bank is even more cautious.

Regardless of whether a bank would finance it: it would give me quite a lot of stomachaches. Especially since the crisis now also shows how quickly you can suddenly be left with nothing. If everything is then financed on a shoestring, it can go well – but if 1-2 bumps come along, it can be over very quickly. Even if it seems lucrative, it would not be anything for me.