Forced auction and modernization financing

  • Erstellt am 2017-10-03 16:16:57

HilfeHilfe

2017-10-05 07:07:26
  • #1
Hello,

yes, your framework conditions fit, but you still don’t understand that you are buying an expensive wreck (shell) for the bank and then renovating it again for an additional 125 %.

It’s like installing a VW engine worth €6,000 into a Trabant worth €2,000.

Whether the Trabant is then worth €8,000 is something I doubt. Renovations are never considered 100 % valuable.
 
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