Fully financed property or pay in full

2020-08-12 16:11:24

Anyone who has that much money to spare doesn't ask something like that, unless it is all an inheritance. Then you should probably play it safe and not take out a loan.

Arrogant and speculative.
Also, why should people who have inherited "better not take out a loan"?
Such nonsense.

I agree with a previous speaker: With that much cash on hand, professional financial advice makes sense. There are people who know about finance and markets.

2020-08-12 16:17:04

But of course you have to be careful that the advisor doesn’t just push onto you whatever brings them the highest commission. Even if they don’t do that, many simply recommend their standard funds, etc. You can invest the money better yourself with minimal effort, since then no one is involved who also wants to make money from it (see e.g. Finanztip on ETFs).

2020-08-12 17:28:50

That’s why fee-based advisors!

2020-08-12 20:49:51

I agree. Interesting options could be, for example, garage parks or care properties.

Good idea, build 10 garages and rent them out and put the rest into the single-family house.

2020-08-13 08:36:11

or care properties

What the apartment in the holiday park was in the 80s, the care property could become in the future (there are nice examples in the Bavarian Forest, e.g. Predigtstuhl Resort, some apartments are renovated and very modern, others original like in the 80s with a 12-inch tube TV. Which one you get is a matter of luck).
Of course, you don’t have to worry about anything and initially get quite decent returns. But when the contract with the care facility expires, they like to move on to the next fancy new building or demand extensive renovation work that must be borne by the owners. If one of the owners doesn’t cooperate, the thing quickly stands empty and is unrentable.
I consider age-appropriate (elevator, no steps, floor-level shower) apartments without an operator to be a more sensible investment in the long term. But initially with lower returns, probably with better residual value or value appreciation.

2020-08-13 08:40:55

What the apartment in the holiday park was in the 80s could become the care property in the future (There are nice examples in the Bavarian Forest, e.g. Predigtstuhl Resort, some apartments are renovated and top modern, others original like in the 80s with a 12-inch tube TV. Which one you get is a matter of luck). Sure, you don't have to take care of anything and initially have quite decent returns. But when the contract with the care facility expires, they often like to move on to the next fancy new building, or demand comprehensive renovation work that has to be borne by the owners. If one of the owners does not cooperate, the thing quickly stands empty and is unlettable. I therefore consider age-appropriate (elevator, no steps, floor-level shower) apartments without an operator as a more sensible investment in the long term. But first with lower returns, but presumably better residual value or value appreciation.

This is what we meant by,... better to take on more equity than debt. It's easy to end up in strange scenarios as an investment. It was immediately praised and celebrated here (garages/care properties). 100% agreement!

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Fully financed property or pay in full

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