My Plan

Tell me what could go wrong please.

Hello user, I wanted to share a piece of idea I had.

I wanted to take a loan of €60.000.- from the bank and start an Ltd. (I only need 30.000 Euro for the Ltd. and I don't need it at the very first moment of starting the Ltd. it can be in a timespan of 5 Years)

I wanted to pay back the loan in 60 installments approximately 1000 Euro per installment.

Now my Idea: I was planning on renting one apartment for now in the very popular area of my town and let tourists live there per night.

I would do the social media and the operations of my homepage myself and would also do the cleaning maintenance of the apartment.

If this goes well I would take a second apartment and so on untill its too hard for me to maintain all by myself and ask my family for help.

What do you think of the idea?

Very workable idea, but getting a loan that size maybe problematic idk?

Is tourism in your city seasonal?

Rule of thumb is 20% down on investment property. You got 20% of the total cost in liquid assets?

Yes? Good. Start putting the proposal ogether.

No? Go get the money.

Nothing can go wrong its what i've done. Easy 250%+ ROI

live in vienna we have cultural tourism so people visit the city all of the time

So If I want to purchase a home for $250k, I should have at least 50k in the bank? Fuck I'm barely at 15k in savings. What a joke. It'll take me years to buy a fucking house.

>making $18 after taxes.

as far as I know loans for a house and so on are easier to get

sers viennabro

Well airbnb that shit nigger might be worth it

I wouldn't want to take out a loan. I don't buy things I can't afford. That's why I have 0 debt.

taking a loan and buying things you can't afford are different things you fucking idiot

Renting it for what?

AirBnB, you don't need a GmbH for that, also considering the current law in progress, doing multiple apartment fake-rents will get you buttfucked by the Finanzamt sooner or later. However until that, you ought to risk and try it.

If you make a GmbH you'll need to pay a 25% KöSt regardless of income + 27,5% capital income tax if you take some of that money your GmbH (Ltd) made you. Meaning that if your GmbH made you 10 000 € a year (given you rent out your apartment so that the net profit is 833 € a month), you'll get only 5437 € a year out of it, or 453,08 € a month.

whoa easy there, guy. I didn't know.

Tbh it's really easy to get money now a days.

Get a loan as large as possible
Go to your local Indian reservation and put it all on red
If you win, you get free money
If you lose, you either pull out your gun and rob the casino or you move to a different country
This can be repeated as many times as you want

no thanks, I'll just continue with penny stock trading instead

Ok I'm sorry.

You are missing out on free food in prison. Free sex too?

This.

Take it slow. Learn the ropes. Expand. Start studying how other people do this. How it effects your taxes. Etc.

In america in the whitetaile deer capitol of the world doing the same ahit on a smaller scale with "furnished hunting lodges." OP.

There is a lot of money to be had if you play your cards right.

Skipping the next step because my cabin is already booked and i took down a waiting list. Number 5 called today so i bought another cabin before i even closed on number 3.

Best part is if i fuckup i van make the payments on all 4. I keep thinking this is a fad and we will be hunted out. But then i keep seing giant bucks all over the road on the way to work. Plus. The last 2 years hogs are making a big move to here.

Wewlad boys.

Add that to the new fracking technology and my growing up in the oilfield. Looks like this wagecuckery is nearing an end for this user.

Pretty much user. U can het another loan for the down payment at higher interest. I think. Im usa so i dunno. And with better credit or a good business proposal u can maybe get that number down.

I bought a shit house to live in with 0 down because of small town bank and mybhistory with them and level of income. And income to debt ratio. Try buying a shithole first like i did and suffer for 5 or 10 years. Then rent it or sell it or borrow against it for down payment.

Not sure how sit works on your side of the puddle. But there is always a legal way if u look hard enough and ask the right people.

They are. Mostly because if its a home u have more at stake. And banks love to loan because. "Most" of the time real estate goes up simply due to population and infrastructure increase.

Also they have solid tabgible easy to understand shit they can take when u dont pay.

Not a bad way to go if u want low stress. But be aware that fully owning shot is dangerous cause u can lose it in a law suit. Its also not the kind of thinking that will ever get u rich. I dont buy things i cant afford either. Bit i do have debt. For investments that make me money. I also dont invest in something if i cant cover the loss through a few years of wagecucking and crying. Its worked out so far. I have several diffetent investments so its becoming more that if i fuck up the good can cover the bad and i can just pout about it while keeping my paycheck.

There are also loans for investments that make more than the loan payment therefore pretty much giving u free money. And there are loans for a yacht u will spend a fortune on.

Im less of a cock than that user tho. The fact u didnt know that means you are just 95% of us cucks here. Having 0 debt used to be my dream. Now my dream is being millions in debt while making even more millions by having it.