Land paid - Building with an additional loan?

If I earned that much, I would still wait the 1-2 years until I have the money for a house completely saved up. I would wait until the real estate market collapses and then buy up land and houses cheaply. That's how I would do it. Sell when others buy, buy when others sell :-)

Currently, it is difficult to say where the journey with real estate and money is heading. How the real estate market will look in 4-5 years with rising unemployment and a shrinking population will probably be clear by then.

I would just ask myself whether you earn more with the cheap loan now or later with the cheap real estate? If I were an entrepreneur, I might even wait first to see what happens. Many companies that are doing very well right now do not know how things will look in 3-4 years, and then everything is lost. In my place, I would now buy a piece of land with my liquid assets and then just wait to see what happens with the crisis.

But that's just my opinion. It is best to consult a knowledgeable financial advisor and a lawyer and tax consultant. They will gladly help you. Everything else here is just speculation/half-knowledge and can eventually cause you real problems.

The crisis really wears you down :-)

Thank you very much for your answers....honestly! I will now build the house in 2014, 1 year earlier than planned!

I own a small company for temperature sensors, we manufacture them. In the company, there are some euros in "reserves" or simply money from retained earnings, which I will distribute for the construction, and with luck, I will hardly have to borrow anything. I have never really considered it that way, but I briefly spoke with my tax advisor and also have an appointment there in 2 weeks, where we will discuss it in detail!!

Thank you, this way I can move in with my girlfriend and kids 1 year earlier :-)

Armin

Hmm... normally you can always repay any loan whenever you want. Of course, subject to the payment of a prepayment penalty to the bank.

Hello Armin,

I still have a topic for the tax advisor. It might even make sense under certain circumstances to take out the loan through the company, offset the interest there to reduce taxes, and pay out the equity instead. Depending on how the company is doing, the interest rate is higher than for the real estate loan, but then you would have an unencumbered property. Otherwise, I wish you lots of fun and a fairly quick move-in with the entire family.

Regards
The Musketeer

Thank you very much!!!

If I now calculate...

I have 40,000 euros....
Payout plus dividend for 2012: a good 100,000 euros (rather more), comes mid-2013
Payout plus dividend for 2013: a good 100,000 euros (rather more), comes mid-2013
plus 100,000 euros from the parents =

340,000 euros

Plus one-time payout of 300,000 euros gross, 25% off makes 225,000 more = 565,000 euros.... not much is missing. Maybe my parents will give me the rest or I’ll borrow it from them (I’m already 40 and quite solid) :-)