All Forum Posts by: Lukas Holzmann

@Andy Robison thank you for your advice. My next step will definitely be to try to connect with other successful real estate investors.

@Thomas S. thanks for the tip. I will search for a real estate group. I think I already found something interesting on xing. thanks.

Hi guys,

I am a guy from Austria (Europe) and I want to start out in real estate. I did a lot of research and read a couple of books on real estate. 

My problem is that I don't know where I should start. My goal is to become financially independent through buy and hold investments. I don't really have any training other than books and online articles. 

I read Brandon Turners book on creative finance and I think private money and seller finance are my best options to get started. But I actually don't have a lot of knowledge about the market in Vienna, Austria (where I live). I think a good option for me would be to reach out to someone who does what I want to do and ask him/her a bunch of questions. 

I also don't have too much capital. I am still a student and currently not working for anyone.

What would you do if you were in my situation?

Any advice is greatly appreciated.

Lukas

@Russell Brazil Oh alright, that clears that up a bit for me.

If it is a bad investment it really depends on the type of thing you are doing. For a wholesaler or flipper it would't matter what the price/rent ratio is, because that doesn't matter to them. But for a cash flow investors it does matter what that ratio is. 

So for a cash flow investor it is smarter to invest in areas where there is not much money in the market. If there is not that much money in a market, property prices will be lower and renting it out will be worth it.

Hi guys,

I was wondering why some markets are more ideal for real estate investors and some not so much. 

For instance: I was listening to the bigger pockets podcast number 13 and leon yang was talking about vegas being a good market, because houses are cheap and they rent out for a good amount. In Contrast I think he mentioned San Francisco as being a bad market, because houses are expensive and renting them out would not be worth it. 

My question is, why is the ratio between price of the house to renting it out better in some markets and worse in others?

@Bill Gulley self storage makes a lot of sense. As materialism continues to grow, we accumulate so much stuff we don't need. Benefit of self storage renting is probably also the low maintenance costs on the landlords side.

So what I've gathered from all the responses is that real estate with very low maintenance and a dense count of "renters", that use that property tends to cash flow the most. As the real estate gets denser with tenants the more it will usually cash flow. Single family homes appreciate more, but the cash flow tends to be lower than apartment complexes where there is a big amount of tenants on a proportionally smaller property.

I never thought about investing in cemetaries. I always thought they were owned by the state. 

Another question, lets say there is a walmart on a big piece of poperty, does walmart usually own the property or do private investors usually own those kinds of property and rent them to walmart?

Lately I've been wondering which kind of real estate tends to cashflow the most (i.e. single family houses, aparments, ect.). What in your experience does cash flow the most?

I have another question regarding location. I live in Vienna and real estate seems quite expensive where I live. Is the ratio of real estate price and possible rental cost worse in more expensive cities?

@Account Closed Thank you for your answer. I could have my parents look over the property when I am not around. 

Very cool to hear that you are moving to Vienna. What kind of job are you going for? 

thanks you for your reply David.

the property management company that manages my apartment has kind of the policy that everything i can't fix easily, they fix for me.

when i move out of the apartment everything has to be perfect, i have to pay for the repair of all the things that have been damaged.

thank you very much @Melissa Melia

so i guess you can keep the properties when moving, but you should find a very good property manager