All Forum Posts by: André Rairan Zacchi Pereira

Hi @Matt B., are those the infamous 1 euro Italian houses? If so, those are houses in very small, old, and not developed cities. That's the purpose of the program, bring people to those cities, but I don't see that being profitable as a rental. I don't even know if you can rent it; If I am not wrong, you have to fix and live in the house for x time to get the house "for free."

And I also don't see a profitable sell or rent after fixing and living on it. If you are looking for a house "in the middle of nowhere in an old (maybe medieval) city in Italy to have for yourself, then that could be an option. But I don't know if there's any city "giving" houses at the present.

Hi @Stefan Folkert I am on the LTR. I am also using my background on project management and process improvement to build the process and systems to manage my properties in Italy through my family there. I did a lot of documentation and procedures already and It's working well so far. 

If you need any help in the north of Italy, just let me know! =]

Yeah, that's pretty high for EU standards. In Italy, depending on the LTV you can go as low as 0.9% today.

Nice that you already thought about and found your risk tolerance for that. Please share if you have any news, and if you need anything from Germany or Italy, just let me know. =]

André.

Hi Simon,

Thanks for sharing.

My reasons are pretty much the same as yours =]

I am Italian, I know the region a little bit and I have family there. Prices in Munich are really high. It's the most expensive market in Germany. In Italy, houses are much more affordable so that indeed plays a role.

How high are the interests there? Would you be able to refinance the house after purchasing all cash to pull some equity out? Or that isn't what you are planning to do?

Hi Simon, André Rairan from Munich, Germany.

I live in Germany, but my main investing area is in the north of Italy by now.

There are also some other investors from Europe here, but as you may already have noticed, BP's focus is in the USA.

Why are you considering Transylvania in Romania?

Cheers, André.

Hi Jonpaul, such a coincidence! I was supposed to go to a marriage in Sorrento this summer but plans changed due to COVID.

I haven't seen any changes in Inventory so far. Italy was getting a higher number of sales pre-COVID (higher volume, not higher prices), but then things slowed down due to the quarantine, etc. Here's an article in Italian about that: 

I don't have any guide or article in mind, but I'll look into that. The process is different from the US, but it's pretty much the same for EU citizens and foreigners. Some banks will give you a slightly higher LTV % if you are an EU-citizen, but what counts most is your place of residence. If you live outside the country you are buying in the EU, it hardly goes over 50/60%. For example, I am Italian, I own property in Italy, but I live in Germany and my primary income is from Germany, so Italian banks give me a hard time financing there. It's possible, though.

I have four doors in the Lombardia region ("near" Milan) and one in Friuli Venezia Giulia. I don't know much about Südtirol but's a pretty developed area too. Many people only speak German there... =P Amalfi I don't know much either, just that is pretty touristic and a VIP area.

Sure, let's connect!

Hi @Jonpaul Nadeau I live in Germany and invest here and in Italy. Just let me know if I can help you with something in Europe. =]

Cheers. 

Hi @Daniel Harbuz, were you able to refi your property in Germany? Any recommendations?

Hi @Joe Podwats, André Rairan from Munich here.

Great deal! Finding that out of the market was a great move. And the ratio rent/ARV is quite different from other areas of Germany AFIK. I suppose that is because of the housing allowance to the army, that's right? (I didn't know about this allowance btw.)

Does the military base put pressure on the rental market in general in Wiesbaden? I mean, would you be able to rent the place for approx. the same to a civilian? What is the average rent/ARV ratio there?

You also mentioned a "city listing rank," what's that?

Do you have any plans to pull out the extra equity in the house after the rehab?

Cheers,

André.

Hi Guys,

André Rairan from Munich here.

Is the group "live" already?! I'd love to join too. =]

Cheers,

André.