All Forum Posts by: Farkas Krisztián Balázs

Hi @Robin Petrasek, I'm so glad to see another member from Prague, was not sure if I manage to find somebody :) 

Your tips / comments definitely helps to understand the "local" numbers. Sadly there are not too much content I've found regarding real estate investment in Prague / CZ. 

I will take your offer and will invite you for a coffee or such once I returned to Prague after the holidays. 

Once again thank you for all the useful information and have a blessed Christmas and New Year! 

Thank you guys for the warm welcome!

Hi All,

I'm a new member here at Biggerpockets. I decided a week ago that  I will jump in real estate investment and build my future on that. After 1 day or such, I found these awesome guys on YT and now I'm hooked, watching at least 3-4 podcast a day, they are brilliant.

About me a little: I'm living at the moment in the Czech Republic, Prague and planning to building my base here, maybe in Brno as well, we will see about that. 

If anybody from here is located in Prague, please feel free to hit me up, I would be interested to talk to you and your experience. 

Also, I have a question, which is not clear to me at the moment, if somebody could help me out, would be great.

So, it's clear that how to buy me first property (my focus will be on flats first). As far as i know I will need at least 20% down payment to buy a flat, which currently would take 1-2 years. So after the first one, do you have any tip how to buy the 2nd, without waiting 1-2 years to put aside 20% (the down payment for the next one)? Would it be possible to get a 2nd mortgage on the first flat once I have proven cash flow from it? 

Thanks a lot and take care folks!