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Updated almost 10 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Hussein Al-asadi
  • Visby, Gotland
3
Votes |
17
Posts

95 000 to start with!

Hussein Al-asadi
  • Visby, Gotland
Posted

Me and my brother have about 95 000 dollars saved and really want to get into real estate. 

So we did some quick counting and are stuck on how the hell you make money on real estate?

im going to count this in swedish numbers so bare with me :)

so i have about 800 000kr in swedish money. 

The bank want 15% in down payment for any property so we can buy about 4 properties.

then we rent them out for about 6000kr, that gives us about 2000kr in the pocket per apartment. 

4x2000 is 8000kr thats about 1000 dollar. So have to lend about 600 000 dollars to earn about 1000 dollars each month? How is that going to make me any money?

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