> The only RE investing that still works is buy, rent, have retirement equity in 30 years, maybe
Yes. What other way could you possibly reliably generate positive cash flow with real estate as a normal person without a lot(!) of initial equity?
Common advice where I'm from is buy tiny apartments without rent cap in good locations (Stuttgart, Vienna, etc.) on maximum loan runtime to refinance later and rent them out. Preferably one every 1-2 years. These typically cost anywhere around € 120-150k and the common 20% deposit can be earned reasonably quickly. Banks will usually be completely fine with this as long as you have positive cash flow and you can write off a lot of things around your business as a renter on your income tax forms in most countries.
I have only ever heard variations of this advice. Never anything else.
Yes. What other way could you possibly reliably generate positive cash flow with real estate as a normal person without a lot(!) of initial equity?
Common advice where I'm from is buy tiny apartments without rent cap in good locations (Stuttgart, Vienna, etc.) on maximum loan runtime to refinance later and rent them out. Preferably one every 1-2 years. These typically cost anywhere around € 120-150k and the common 20% deposit can be earned reasonably quickly. Banks will usually be completely fine with this as long as you have positive cash flow and you can write off a lot of things around your business as a renter on your income tax forms in most countries.
I have only ever heard variations of this advice. Never anything else.