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Tell me what could go wrong please.
Hello Anon, 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?
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Very workable idea, but getting a loan that size maybe problematic idk?
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>>1606510
Is tourism in your city seasonal?
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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.
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>>1606510
Nothing can go wrong its what i've done. Easy 250%+ ROI
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>>1606517
live in vienna we have cultural tourism so people visit the city all of the time
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>>1606522
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.
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>>1606571
as far as I know loans for a house and so on are easier to get
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>>1606532
sers viennabro
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>>1606532
Well airbnb that shit nigger might be worth it
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>>1606583
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.
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>>1606615
taking a loan and buying things you can't afford are different things you fucking idiot
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>>1606532
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.
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>>1606636
whoa easy there, guy. I didn't know.
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>>1606510
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
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>>1606649
no thanks, I'll just continue with penny stock trading instead
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>>1606644
Ok I'm sorry.
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>>1606651
You are missing out on free food in prison. Free sex too?
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