Quote:
Originally Posted by manicman
Hi all,
Some very interesting informed post's on this thread. Just to tie things up, my purchase in Berlin is now complete and I'm recieving funds in my account on a Monthly basis. I eventully accepted there offer of an alternative unit but would not want go through the uncertanty again(agent and solicitor turned out ok). But I'm still positive about Berlin going forward for long term gain and I'm aimimg for the "drip,drip,drip of the rental into my pot" and recycle the funds back in untill I can identify other ways to make gains. any advice JMBROAD & Teepeeseller can provide going forward will be most appreciated  . Got another 25 years to go in this game and a lot to learn, but I think I found my long term market. |
Hi Manic,
25 years in this game is just about the right time to be spending slowly and cautiously building a self-sufficiency pot mate.
Happy to see my drip, drip, drip philosophy has captured your imagination. Just keep it that way and safe. You'll get there without ulcers, nervous breakdowns, court summons etc trying to ride out the high highs and low lows of the adrenalin BTL brigade.
As much as I fancy the idea of Berlin and Dresden I am not blind to other opportunies. You should keep an eye on the horizon also. I have recently been contacted by a very exciting contact in Leipzig and fully intend to use his expertise by pushing a little of my pot in his direction.
I spent a few days in the Harz mountains (about an hour outside Hannover) recently, I'll be going back this year. There are some interesting little towns within commuting distance of Braunschweig and Hannover where prices astounded me.
Hamburg will be revisited with cheque book this year also. Recently offered a deal from a company called the Berlin real estate centre of seven old Sparkasse banks and a couple of shopping centres. Not in a position to snatch them up personally.
If I had the money available I would have grabbed the shopping centre in Rostock from them.
Maybe one day....... I could go for some sort of creative financing I guess but that sort of stuff frightens the bejaaaasus out of me - Keep it simple has worked well for me so I guess I have to pass this little lot by and wait until I have the cash to do it the easy way - interesting times we live in eh?
