Here are some data based on my simulation;1st YearGross income: € 10.368Total expenses: € 2.552NOI: € 1.568Mortgage payment: € 7.159 (30year at 2.55% fix rate)Total cash flow: € 657,00Cash ROI 65,70%Equity accrued: € 3.373Total return: € 4.030Total ROI 403,03%Capitalization Rate 5,18%GRM 13,98DSCR n/aTax rate in Italy at: 26%

I'm more than happy to write off any coffee expenses I might accrue in the process as well!!

I have been buying apartments and condos since 2008 and I have been fortunate to accrue 5 units (3 town houses and 2 homes) since then.

I absolutely thought about somehow getting the money to buy my brother out because we were earning almost 3000 a month and the mortgage including escrow was only about 800 a month (and i have people for repairs so they aren’t too expensive), but the woman who was in charge of the duplex (living trust) while we were too young didn’t pay taxes and let the account accrue an escrow shortage and we started having to pay over 1800 a month just to catch up.

Louis.Just out of curiosity, have you created a net sheet with similar information?

Just out of curiosity, in your pro forma, how much did you budget to compensate them.There are companies that will do it and I would suggest to find a company that is local, otherwise you will be paying for someone.

Which condo is your unit in out of curiosity?

Even if it's a high interest rate and points, you hopefully only own for 6-9 months, try to get accrued interest so you don't have to make monthly payments.

I'm debating about pricing at the 40%-50% margin and taking part of that money to add back to my DGI and part to invest back into future RE.Out of curiosity, what is your asset class split? 

Just out of curiosity, what percent do you take away?