Skip to main content

Purchasing small studio in Helsinki area as a first RE investment

Hello,

I have an opportunity to purchase a 30m2 studio in rural Helsinki area 15-20 min from the airport. Supermarkets/schools nearby.

I've been making a good money in TradFi, but want to learn and try my way around real estate.

Property is in the new (late 2023) building.
8k out of pocket, the rest (95k) is financed during construction and comes attached as a monthly repayment of 400€ for approx 18 years. Mortgage rate is about 4% and is recalculated annually, it's estimated to go down from here so financing contribution might go down.

Syndic fee is 130€.

The apartment is rented with long term contract, tenant is paying 485€ with average rent for similar units in the area being 500-520€

So right now I spend 8k+fees and am in the negative 45€ until rent is raised in a year or two.

Even disregarding Finland specifics, would you go for an opportunity like this or it's a waste of time and money?

Thanks for any advice to a newbie.

submitted by /u/wintermute-89
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1i1v5lf/purchasing_small_studio_in_helsinki_area_as_a/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more