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Пікірлер
@albertoscarquayson1552 Күн бұрын
I have learned a lot in this short Video. Thank You
@MichelKmiotek Күн бұрын
@@albertoscarquayson1552 Thank you fpr letting me know. Any other topics I could cover?
@Kristoire 2 күн бұрын
Moien, ech fannen deng video immens informativ…😊 Wat geings un loi-biicher (immobilière) proposéieren?
@MichelKmiotek 2 күн бұрын
Moien, merci villmools vir däin Message. Et ginn der ee Puer vir un ze fänken wéi Rich Dad, Poor Dad, Build your Rental Empire ma daat meescht komplett Buch ass vir mech Real Estate Investing by David Hartzell & Andrew Baum.
@amirdoomer64 14 күн бұрын
is Luxembourg a mix of Germanic and french language ?
@S.R.T-e1i 2 ай бұрын
Best way to Luxembourgish language or any app?
@MichelKmiotek 2 ай бұрын
Full immersion into the population and a course
@salahuddin1362 2 ай бұрын
Hi hower
@mikedonovan9783 3 ай бұрын
Thx
@amilsoni8205 3 ай бұрын
Great video! Would like to hear your opinion in todays market is it worth buying example 2bed property to invest & rent it out? Considering today interest rate at 3.5%, meaning in you will have negative cash-flows for good few years until rates decline or you repay loan quicker.
@MichelKmiotek 3 ай бұрын
If there is significant down payment to reduce the monthly payments so you are able to receive some earnings would be favorable. It would be unwise to over leverage yourself and play a game of chicken with rent versus monthly mortgage payment. The moment your renter stops paying you're in trouble. Better to have wiggle room and receive some income from the risk your taking, than hoping the market will lower interest and appreciate quickly. Those are big unknowns nobody can foresee.
@amilsoni8205 3 ай бұрын
@@MichelKmiotek good advice 👍
@amilsoni8205 3 ай бұрын
I didn’t get why you mentioned that you can’t deduct expenses like heater generated on investment property bought under your personal name? As a Luxembourg tax resident or equivalent, you can deduct the actual costs of generating your rental income. These include: All debit interest on the home loan for the buy-to-let property Financing costs: one-off fee, mortgage registration deed, costs of processing the file Land tax and municipal tax Upkeep and repairs Insurance premiums, such as civil liability, fire, etc. Also if you buy property via company & sell to avoid capital gain tax. But money still sits in the company, to transfer from company to personal account you will incur personal tax?
@MichelKmiotek 3 ай бұрын
This video was uploaded a while ago so tax policies might have changed. If a private persons sell a property the costs of renovation aren't taking into account to calculate capital gains tax. Different laws apply as to what timeframe is used for the sale of a property by a private person. For companies standard accounting principles apply over the fiscal tax period. As to how to get the money from your company into your own account, different approaches are available such as debt repayment or loan repayment to the owner of the company. This is however beyond the scope of this KZbin channel and should be handled by your tax advisor. Great questions. I hope this helps.
@amilsoni8205 3 ай бұрын
@@MichelKmiotek thanks for your reply!
@redSTORM_ 3 ай бұрын
Thanks for your video! 🎉
@MichelKmiotek 3 ай бұрын
@@redSTORM_ Hope it helps
@manuescritos380 3 ай бұрын
Great information 👍 and good work ! Thanks
@MichelKmiotek 3 ай бұрын
@@manuescritos380 thanks 🙏👍
@VictorBrichaut 3 ай бұрын
Well done. I appreciate the work!
@MichelKmiotek 3 ай бұрын
@@VictorBrichaut My pleasure
@Thefunshow2u 3 ай бұрын
Hi sir how I connect with you
@MichelKmiotek 3 ай бұрын
@@Thefunshow2u You can find us on michelrealestate(dot)lu
@Thefunshow2u 3 ай бұрын
Hi sir
@vinodkumar-hy6ny 3 ай бұрын
Hiii
@MelcomBrown 3 ай бұрын
Please i want to come Luxembourg can you help me
@abhinavdeepsinha3036 3 ай бұрын
Thanks for the video. Please also share the review of the real estate market. Havent seen your quarterly review videos for a long time
@patienceduwe9839 4 ай бұрын
Michel, truly l enjoy your lecture, can you kindly do a review to the current policy and new price in the market. Because I have a plan to invest in Luxembourg soon. Thank you for your time.
@MichelKmiotek 3 ай бұрын
I will do a market update soon. In the meantime you can check out my previous Mark update videos
@MahenderKumar-f7w 4 ай бұрын
Hello sir i like you
@chadbantner3012 4 ай бұрын
What does wholesaling mean? Is that like buying a short sale in cash or a distressed property which doesn't qualify for conventional lending? Do a correction and then re list as a normal sale?
@MichelKmiotek 4 ай бұрын
Wholesale means pretty much what you mentioned. A wholesale really differs per country and its legislation. In short it means get a property under contract without actually going through with the sale until you found another buyer who will buy it for more than the contract it is currently under.
@chadbantner3012 4 ай бұрын
My question is how to get the financing? For non Luxembourg citizens and non EU citizens is the a way to traditional financing in Luxembourg or do you have contacts for private money lending? Are any of the local banks specialising in bridge loans for renovations and or restoring historical homes? Luxembourg has my attention and I would like to work in real estate there.
@MichelKmiotek 4 ай бұрын
There are different aides and incentives for restorations on historical properties. Banks usually only give loans if your income is in Luxembourg unless your down payment is of significant magnitude compared to the sales price.
@chadbantner3012 4 ай бұрын
Thank you for taking the time to make this channel.
@MichelKmiotek 4 ай бұрын
You bet!
@Chandanisinghyadv 4 ай бұрын
Please help me 🙏🙏 🙏🙏
@MichelKmiotek 4 ай бұрын
Hi, unfortunately I don't have any expertise in that department. You would need to consult a professional to get the proper paperwork sorted out.
@Chandanisinghyadv 4 ай бұрын
Hello sir how can I get Luxembourg work visa sir I need it sir I am from India
@MichelKmiotek 4 ай бұрын
You would need to do a search. I only handle real estate and investments.
@perfectsid333 5 ай бұрын
Typical broker speak across the world. Avoid such brokers people! They are meant to work for and speak for you and not the "landlords".
@MichelKmiotek 4 ай бұрын
As a real estate agent we have to negotiate a favorable deal for both sides. Your career would be very short if you would only satisfy landlord requirements without any comprehension for buyers or renters. We are intermediaries, not lawyers.
@sarahgoldstein4702 5 ай бұрын
Um I live in limpertsburg
@ElkeStephanie 3 ай бұрын
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
@unbeatable7074 5 ай бұрын
Coming To Luxembourg 🇱🇺 Any Time From Now, How Do I Get Intouch With You?
@MichelKmiotek 5 ай бұрын
@@unbeatable7074 Welcome. You can reach us on our website 👍
@christianiwuchukwu5613 5 ай бұрын
I have been working on my papers to move to Luxemburg,?9
@MichelKmiotek 5 ай бұрын
@@christianiwuchukwu5613 Congratulations
@Ici124 5 ай бұрын
Hii
@mikedonovan9783 6 ай бұрын
Thanks for the video but please next time , don’t review a house located in the middle of nowhere
@MichelKmiotek 6 ай бұрын
@@mikedonovan9783 What area are you mostly interested in?
@mikedonovan9783 6 ай бұрын
@@MichelKmiotek thanks for asking . Quelque chose à 6km ou moins du centre de Luxembourg-ville ?😇
@MichelKmiotek 6 ай бұрын
@@mikedonovan9783 Ça marche 👍 Nous avons quelques bien en ventes dans ce secteur. ☺️
@victoronline5840 6 ай бұрын
Great video! Keep them coming
@MichelKmiotek 6 ай бұрын
@@victoronline5840 Will do!☺️ Thank you for your feedback. Much appreciated
@redSTORM_ 6 ай бұрын
These videos are great! Gives us idea what to look at before buying property
@MichelKmiotek 6 ай бұрын
Great idea! Coming up soon ☺️
@HabiBarnabas-t5x 5 ай бұрын
Good evening Mr Michel how are you ... ?I appreciate your work its good .. I'm habby hoseah from tanzania I looking for job of cleaner and garden care ...I speak English and French ...thank you very much to accept my request
@HabiBarnabas-t5x 5 ай бұрын
@@MichelKmiotekGood evening sir Michel how are you...I'm appreciate your work its good job bravo.. I'm habby hoseah from tanzania I looking for a job of cleaner and garden care ...I speak English and French and also I have already got passport ... thank you very much to accept my request
@abhinavdeepsinha3036 6 ай бұрын
Waiting for your Q2 real estate update
@MichelKmiotek 6 ай бұрын
Coming 🔜
@awesomeaarow 6 ай бұрын
Do you train agents??
@MichelKmiotek 6 ай бұрын
That's correct, are you planning to start your career as an agent?
@shakildewan587 6 ай бұрын
Wow! This video is very informative and attentive. I do love your property and informational video.
@MichelKmiotek 6 ай бұрын
Thank you for your comment. Should you have any questions or suggestions, please let me know.
@Ragna.Pop. 7 ай бұрын
Luxembourgish
@ankitbharthan667 7 ай бұрын
Normally, how much time is taken by bank to approve the finance after I give them Sous Compromis? i.e. time between getting the sous compromis and going to notary. And how much time is taken by the the notary?
@MichelKmiotek 7 ай бұрын
From signed sales agreement to loan approval (depending on the bank) = 1-2 months. Loan approval to notary deed (depending on how good the notary is and how complex the deed)= 1-3 months.
@awictnprivatelimitedpakist354 7 ай бұрын
Hi My dear I want to rent a room in an apartment in the area around Luxembourg City. And what will be its requirement? Please
@MichelKmiotek 7 ай бұрын
Most owners will require a file with the following documents to be handed over to them: Work contracts, last 3 payslips and copy of your ID. Additonally they might ask for your social security card or proof of affiliation and a work certificate. Not all landlords have the same standards or requirements but you can expect them to ask for these documents. Have them ready to be sent before going on showings. I hope this answers your question.
@redSTORM_ 7 ай бұрын
Welcome back!🎉
@thomasfeyand-kh2sm 7 ай бұрын
Isch vasteh ohne Probleme Luxeburgisch unn isch stamme ausm Saarland. Isch hann Luxeburgisch nit in da Schul udda im e Kurs gelernt. Isch vasteh trotzdem Luxeburgisch ohne Probleme. Hann mir ausm Saarland aach unsa eigene Sprooch? Isch schreiwe iwwrischens mit Absicht in meina Muddasprooch unn isch glaawe mol, dass jeda Luxeburja vasteht, was isch hier schreiwe. Udda sieh isch das falsch? Aha, heischd das, dass Luxeburgisch doch kään eigene Sprooch is, weil udda wenn Luxeburja vastehn, was isch hier schreiwe? Do würd isch mol driwwa nodengge. Merci unn viele Grüße vumm e Saarlänna aus Griecheland
@PopInvesting 7 ай бұрын
Price?
@MichelKmiotek 7 ай бұрын
Current ask is 3.8M, can be structered as a share deal instead of a conventional RE transaction. Interested in receiving more documents?
@Umadatme 8 ай бұрын
Altijd gedacht dat hun ook nederlands praten😅
@MichelKmiotek 8 ай бұрын
Helaas niet, maar sommigen van ons spreken wel vloeiend Nederlands of Vlaams.
@andrecostasoares 8 ай бұрын
Loved the video Michel will be making the ING marathon 2024 ! Excited to experience it
@MichelKmiotek 8 ай бұрын
I hope you had a good experience. How did your run go?
@andrecostasoares 8 ай бұрын
@@MichelKmiotek It wss great did the marathon in 4h02min46s ahah were you there this year ?
@MichelKmiotek 8 ай бұрын
@@andrecostasoares Good time, I couldn't participate as I'm in preparation for the Transylvania 100 where I will do the 80km. Will you do the semi Route du Vin? Or perhaps the UTML?
@ReiKakariki 8 ай бұрын
Brudder Lëtzebuerg muss seng Kultur an déi germanesch Sproochen, wéi d'Lëtzebuerger Kultur, méi no bei Däitschland, Frisia, Holland an Dänemark bleiwen, den Afloss vu Frankräich verloossen, Frankräich huet déi germanesch Kultur vun der Belsch zerstéiert, Limburg als zweet offiziell Sprooch adoptéiert Lëtzebuergesch, wéi Hollännesch, Hessesch, Hunskeresch. Maacht Englesch offiziell, wat fir Iech méi nëtzlech ass, läscht Franséisch aus der Lëscht vun offiziellen Sproochen zu Lëtzebuerg, adoptéiert déi franséisch Sprooch, nei Interlingua well se mat Spriecher vun enger romanescher Sprooch ronderëm d'Welt kommunizéieren, Frankräich huet seng regional Sproochen zerstéiert a wäert d’Sprooche vu Lëtzebuerg zerstéieren, de franséischen Afloss sécher loossen. Ech beschäftegen mech mat Kulturen a Sproochen a gesinn déi schrecklech Behandlung déi Frankräich seng international a regional Sproochen an déi vun anere Länner gëtt. Hugs, Ech hunn Äre Video wierklech gär, awer ech hunn Virschléi fir de Kultur- a sproochleche Conseil vu Lëtzebuerg, ech respektéieren a gär Är Natioun an ech wëll dat Bescht dofir, réckelen ewech vum glottocidalen Afloss vu Frankräich a sinn an allem eng geseent Natioun , krass. Gott sief mat dir.
@Mr-trader_34 8 ай бұрын
I need job painter I have 4 years experience
@redSTORM_ 8 ай бұрын
Hey Michael, we miss your videos, when to expect new content?😂
@MichelKmiotek 8 ай бұрын
Glad to hear that my content is appreciated. We've been going through some reorganisation at the agency, but rest assured that new videos are coming soon. Thank you very much for your comment!
@UmerHZRana 8 ай бұрын
First when i heard about Luxembourg, i realy wanted to go in Luxembourg, but i don't like Luxemburg, because Luxembourgish people are not kind-hearted , they only think for theirs benefits but don't think about poor people who doing job in less salary , and they're suffering from stress in Luxembourg, even after taking a room for rent , poor people haven't any savings 😞..😒 Luxembourg country is beautiful but people are very mean , plz think about poor job holders, they can't afford inough rent for room .. plz plz discreas rent of rooms and apartments 🙏🏻🙏🏻🙏🏻🙏🏻 for God sake
@MichelKmiotek 8 ай бұрын
I appreciate your comment and I understand that rent can be too high. Unfortunately it's not the agents who set the rental amount, but owners. We do try to make owners understand that rent is sometimes unrealistically high. In the recent passed we have seen that rent is coming down slightly after it toke a hike upwards in 2023.
@UmerHZRana 8 ай бұрын
@@MichelKmiotek thanks you so much for your batter reply, I'm also talking about owners/landlord, . anyway we should try to understand the Luxembourgish people, they should must have good emotion for the poor people, they should carry them with politely behavior and rules 🤷🏻♂️
@geraldrogers9153 9 ай бұрын
"promo sm" 💕
@MinaAlami-wu9if 9 ай бұрын
Halo, I live in Arizona am thinking to come visit Luxembourg, one thing i hate is French language i dont like it at all I speak German would i be able to speak German in Luxembourg all day with people If i like it there i may move to Luxembourg and buy a land to build my new house there, i will contact you to find the land for me
@Jtx2024 9 ай бұрын
Thank you for this wonderful video!
@adnanemesnaoui4555 9 ай бұрын
Je vais participer au team run, si d’autres l’ont déjà fait je suis intéressé