This Friday, September 26, less than a week after the start of fall, it is barely more than 10 degrees in Saint-Etienne (Loire) but … 26 degrees in Port-Louis. If only for the climate, Charles and his wife, from a village near “Sainté”, welcome their recent Expatriation in Mauritius,, “A longtime dream” For these quadras, parents of a six -year -old girl. This dream, Charles and his wife were able to materialize it last July, thanks to “Stability” – and the importance – income from their park rental real estatehe explains to Capital. A patiently built heritage in the past 15 years, which today has around twenty apartments.
15 years ago, Charles, then 25 years old, underwent an economic dismissal. “My belief in professional security that a CDI (indefinite contract) is supposed to confer has collapsed”he says. His financial security, he then decided to build it in Investing in stonealongside his wife. First in a building of three apartments: “We wanted to invest in single -ownership, not in condominiumin particular to be able to quickly carry out renovation work ”without needing the agreement of other co -owners, argues Charles.
Real estate purchase: these 3 cities where you earn at least one room with the same budget as a year ago
500 euros per m2 invested in renovation
His rental investment method is indeed based on “The acquisition of small empty buildings from any tenant, at a price of 1,000 euros per square meter on average, that We renovate for 500 euros per square meter approximately”he explains. Search for profitable goods, monitoring of work … “It was not easy”he admits, also evoking the difficulty of obtaining loans. “At the beginning, we had to fight with the banks, who did not understand that we are embarking on rental investment at 25 years old instead of buying our main residence”recalls Charles.
With his wife, they present the file of their first rental investment to fifteen banks. Despite their contribution, which represents 10% of the amount of the acquisition, only one establishment agrees to finance them. He will follow them for all their other projects, many of which will benefit from the period of 110% funding or loans without contribution.
Real estate: in Hauts-de-Seine, rents 22% cheaper for the middle classes
Profitability of almost 14%
Rental investments all located within a radius of around twenty kilometers around Saint-Etienne, in order to facilitate their management, which Charles and his wife did not wish to delegate to a real estate agency, so as not profitability. This climbs on average to … 13.65%indicates with precision Charles.
It must be said that its twenty apartments displays an average surface of only 50 meters, small enough to generate a very good profitability, thanks to an accessible purchase price and good rents, in naked or long -term furnished rental, for this typology of goods highly requested by young couples or singles. “Tenants that look like us”develops Charles, stressing in passing “”have kept a deposit only once in 15 years ”, for degradations.
“My rental investments bring me 8,500 euros per month: I left my CDI”
More than 10,000 euros in rental income per month
“We have zero rental vacancy and a low turnover”underlines the quarantine, which rents via the SAS (Simplified Action company) Real estate and SCI’s SCIs to the IS (Civil Real Estate Society subject to corporate tax). Charles reports “More than 10,000 euros in rental income per month»»a sum which he affects up to 50% to the reimbursement of credit monthly payments. The other half finances the payment of charges such as the property tax and feeds the couple’s cash. Enough, today, for Charles and his wife to have stopped their salaried activity in order to settle in Mauritius.
Not to stay your foot fingers on a fan on the beach! Even 10,000 kilometers from Saint-Etienne, they continue to manage their rental heritage themselves. Which now includes their main residence, which they ended up buying, near “Sainté” of course, but they have rented before expatriating to Mauritius, where they have become tenants again. “”Many things can be done at a distanceas the online of ads on Leboncoin and the creation of virtual visits to the apartments ”says Charles. To draw up the inventory and carry out work if necessary, the couple has however “”trusted people»»near Saint-Etienne. A couple who has just put themselves on their own by converting to themselves in “Financial support for French savers who are worried about their retirement”. Another project also with very high potential.
If, like Charles, you are a happy rental investor, despite the management of rents, energy renovation obligations and other regulatory developments, do not hesitate to testify in turn, anonymously if you wish, writing to us [email protected].
I testify
