Buy Berlin property - some specific questions

[Avbryt]

Hi everybody,



I have a few questions; hoping to bring some clarity.



1.

I know that the market for rental of apartments in Berlin is regulated.

Is it ok to let for 9 months or has it to be at least a year?



2.

Looking at rental advertisements in Berlin it looks much more expensive than the regulated maximum cost in Berlin.

Let´s say I decide to buy

a. 30 sqm, 1 room, in Kreuzberg furnished with kitchen and overall a ok apartment.

or

b. 50 sqm, 2 rooms, in Kreuzberg furnished with kitchen and overall a ok apartment.



What is a ok NKM in your opinion from your experience of the market in Berlin?



As I understand, if using the regulated max cost calculation I could take max

a. 320 euro/month NKM.

or

b. 520 euro/month NKM.



3.

When in the buying process; is it ok to bargain?

Or would the makler think that would be strange?



4.

Does it cost anything to reserve a apartment?



5.

Tax

Calculating the tax on the rental income profits, which are the costs that you can regard?





Please come back with any input that has to do with above questions

Will really appreciate the effort!

 

[Avbryt]

Frankfurt Rob, thanks for your answer.

Your reply is lost but I will answer your questions if you are still at the forum.

.

Looking at rental advertisements in Berlin it looks much more expensive than the regulated maximum cost in Berlin.

Let´s say I decide to buy

a. 30 sqm, 1 room, in Kreuzberg furnished with kitchen and overall a ok apartment.

or

b. 50 sqm, 2 rooms, in Kreuzberg furnished with kitchen and overall a ok apartment.



What is a ok NKM in your opinion from your experience of the market in Berlin?

Frankfurt Rob:
What is NKM? Netto Kalt Monate cold rent per month

Answer to Frankfurt Rob: yes, cold rent.


As I understand, if using the regulated max cost calculation I could take max

a. 320 euro/month NKM.

or

b. 520 euro/month NKM.

Frankfurt Rob:
will answer when I get an answer to the above

5.

Tax

Calculating the tax on the rental income profits, which are the costs that you can regard?

Frankfurt Rob:
Phew that is a big question. Mainly all your costs but principal. Your mortgage payment is 500 but 400 is principal than you can only deduct 100 of the payment. NK is 100% deductable.

Thanks Rob!