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Updated about 6 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Davey Davanoski
  • Berlin
1
Votes |
9
Posts

I have so many questions

Davey Davanoski
  • Berlin
Posted

I hope i won't get flagged as a spammer for asking so many questions. Instead of opening new decisions for everything i want to know, i decide to get this questions in same thread.

I have been thinking and planning to invest in single family homes for some time, couple of months. I decide to invest in single families, because it kinda easy for me to start of as a newbie in real estate investment, before that i was very interest in  multi family  units, because can get very good cash flow and higher, as far as i understand. 

I have been working full time for 6 years and i earn very good salary and every 6 months, i get constantly new offer for higher salary. 

i want to invest 150K euros, it might be small, but this is what i have at the moment. Half of my salary and other is from a apartment, that my parents sold it and split the money with me.

I have an eye of couple of properties in my area. I would like to know what steps should i take before investment.

Should i contact the firm selling this property letting them know that i am interest in? And what should i expect?

When to approach bank for getting investment mortgage? Before or after contacting  that firm?

What steps should i expect to get this property before someone else:?

What is the process of getting mortgage and making the down payment?

Do i need LLC before i get this property in my possession or after ?

How to setup a bank account that the tenant will pay online, so that money should be used for the mortgage, expenses and ect?

I would really need some guide for steps i need to do or to expect when approaching a investment property and closing it down.

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