Real estate: How I bought 8 apartments without any equity
Sarah Dimanski is a real estate investor as a part-time job. She has bought eight apartments in a short period of time and receives 1,000 euros per month for them.
Sarah Dimanski has bought eight apartments in the Ruhr area in one and a half years and receives more than 37,000 euros in rental income annually.
The woman in her mid-30s finances her real estate investments without any equity through 100 or 110 percent financing through local banks. This entails risks.
The private investor relies on condominiums as a retirement plan. The hobby investor sets aside the majority of her cash flow for potential cost traps in order to avoid exposing herself to financial risk.
It was love at first sight: Sarah Dimanski was already hooked after her first contact with real estate investments. “It was a real game changer for me,” says Dimanski, laughing. In just over a year and a half, the woman in her mid-thirties has bought a total of eight apartments. Every year she receives rental income of more than 37,000 euros. And she did this without having invested a single cent of her own capital in the purchases.
Sarah Dimanski comes from North Rhine-Westphalia and now lives in Gelsenkirchen in the Ruhr region. She once studied economics and now works in a management consultancy. The young woman discovered the real estate industry along the way. “It's much easier to get started than many people think,” she says.
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It's not rocket science, you just have to start investing in real estate. It works even without equity. How? The Gelsenkirchen native revealed this in an interview with Business Insider. She also explains how young investors can find suitable properties.