The most profitable way to acquire real estate abroad is participation in the auction. This allows you to buy a house or apartment almost half lower than its real value. But before acquiring real estate, it is better to know in advance all the pros and cons of this method. Firstly, before bidding, you should independently familiarize yourself with the object. It will be necessary to come and inspect it live. If the bank does not provide any information about real estate, except for the initial price and description of the housing itself (the number of square meters; on which floor it is located), then it is worth refraining from this purchase. Such real estate with a 100-% probability will not be in the best condition and you will have to spend a large amount of your funds for its repair. In the end, instead of savings, you will receive additional costs. Real estate auctions that allow you to purchase at home in Germany, Nord Wes Estate proposes. With its help, you can invest your finances in objects that will bring real income. For example, the same profitable house will allow you to receive a significant investment percentage, which over time will cover the costs you make. The second point follows — be sure to calculate all the profit options that can be obtained from different types of real estate. If you do not plan to live in the purchased apartment and buy it just for investment and profit, then it is better to think about investing money in any small business. A family hotel or a small supermarket will bring much more money than the same apartment, even if it is rented for a long time. Such real estate can also be purchased at the auction while the price for it will be approximately 60% of the full cost.
