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All Forum Posts by: Christoph Hornik

Christoph Hornik has started 2 posts and replied 5 times.

Post: Apartment prices - Vienna, Austria

Christoph HornikPosted
  • Vienna, Vienna
  • Posts 5
  • Votes 0

Hi @Constantin Jakobljevich vielen Dank für deine ausführliche Antwort, du hast wohl recht, dass House Flipping nur in dieser Weise Sinn macht, oder wenn man einmal doch großes Glück mit einer extrem unterbewerteten Wohnung hat, was fast schon unmöglich ist, wie es mir scheint.

Leider scheint Österreich auch im Bereich Real Estate eine ziemliche Unternehmer-Bremse zu sein.

Ich bin leider noch komplett neu im Real Estate Markt und beginne erst mich mit der Theorie einzulesen, bislang wäre mein größter Vorteil wohl einige recht gute Kontakte, jedoch habe ich noch einen langen Weg vor mir, bevor ich beginnen kann.

Mein Großvater hat sich vor einigen Jahren zwei Einfamilienhäuser - nicht all zu groß, eines zweistöckig, das andere nur ein Stock, beide mit etwa 120-150 m² Wohnfläche - in der Nähe von Tulln gekauft, diese Grund auf saniert, etwas besser ausgestattet (Sauna, Pool hinzugebaut etc.) und diese nun verkauft.

LG

Post: 19 years old newbie from Vienna, Austria

Christoph HornikPosted
  • Vienna, Vienna
  • Posts 5
  • Votes 0

@Jonathan Wilks thank you for your advice!

@Marlon Wilson thank you for the nice welcoming!

Post: Apartment prices - Vienna, Austria

Christoph HornikPosted
  • Vienna, Vienna
  • Posts 5
  • Votes 0
I wanted to add that when trying to hold the apartments - you will not be able to rent it out for more than 1,000-1,100$.

Post: Apartment prices - Vienna, Austria

Christoph HornikPosted
  • Vienna, Vienna
  • Posts 5
  • Votes 0
Hello guys, I'm completely new to real estate investing but as I researched for properties online I found that prices are really high at the moment. (A 861 square feet apartment - the usual size of an Apartment an Austrian family would rent out - won't sell for less than approx. 220,000$) So what would your advices be for me as I want to start investing in House flipping. Thanks for reading!

Post: 19 years old newbie from Vienna, Austria

Christoph HornikPosted
  • Vienna, Vienna
  • Posts 5
  • Votes 0

Hello,

my name is Christoph Hornik and I'm from Vienna, Austria, so I assume that I represent a minority on this network.

I'm 19 years old and therefore have no experience in real estate investment. I'm currently a business administration and business law student at the University of Economics of Vienna, who has always been interested in the real estate market but who never really focused on this branche.

My interest to invest in real estate aroused a few weeks ago when my grandfather sold two of his houses, which made me do a little bit of researching on this topic.

I started my search on Quora, which lead me to the BiggerPockets' beginners guide and so now I'm here.

By now I'm mostly interested in house flipping, since many of my relatives work in the construction industry and could help me out with the renovation. Another thing I'm particularly interested in are low-budget investments, even though this would not affect my decision to focus on house flipping.

I hope this was kind of readable - I'm afraid my English is a bit rusty - however, thanks for reading!