Okay, because it's you ... otherwise I’d rather stay away from the financing section here:
I have often wondered how renting works... Do you achieve returns through rental income? Or is it more because you save on some taxes? Does it actually bring anything in the end? Maybe someone here can enlighten me?
Rental income, yes, also. But it’s the mix that counts. And that also includes tax arrangements, which in turn include renovation and maintenance costs.
Aha... so it seems quite simple...
Exactly the basic idea with which real estate (fund) brokers push junk properties: with success stories from people who are dumb and almost made it from nothing: "then you can do it even more so!" :)
Please explain it to me with an example: I buy (or finance) a house for 200,000 EUR and want to rent it out. How do I achieve a decent return?
Oh, 200K EUR: even as a rundown old place it won’t be much, but maybe enough for a split into workers’ apartments. Properties that can be filled with refugees require a certain size. Simply put: no matter in which segment you want to rake in money as a landlord and in which mix (renting, investing & depreciation etc.), if you have fewer than ten residential units you’re among the small fish and can only keep looking at Bugattis for a long time ;-)
Where actually is , who is the most competent here on the topic?