First Worthing Company Application For Rental: Fill & Download for Free

Get a place to stay. Get a certificate of residence from your current landlord. Take an appointment with the Foreigners Registration office in your locality.Get the employment contract signed with the HR.Register with the city administration and the Foreigners Registration office in your locality. Need all relevant documents like passport, employment contract, landlord certificate for initial place of residence.Get a local sim (LycaMobile should be a good option initially).Once the registration with the Foreigners Registration office is completed head towards the opening of a bank account.Take an appointment with the bank of your choice.Get the account at the local bank.Take an appointment with the doctor for a medical fitness certificate. I think this is mandatory for all employees who join jobs in Germany.Get the medical test done.Sign up for health insurance with companies like TK, AOK, etc. Be prepared to wait up to 2 months just to get your physical copy of the health insurance card.Go to the local finance center and request them for a tax identification number. Also check with them for safety which tax class you have been assigned to. Sometimes you may be assigned to wrong tax class and you end up paying a lot of taxes.Submit the tax identification number to the bank. Meanwhile you can also apply for a credit card with the bank. The EC-card supplied by the bank is piece of crap. You need third party support like PayPal etc. to do simple things like buying top-up for your mobile, etc. The EC-card does not enable you to do any online transaction directly using the card since the card number is of 20 digits when the whole world uses a standard 16 digit configuration. And on top of that there is no CVC number. Banking sucks big time in Germany.Apply for a job-ticket in case you are relying on public transport.Apply for SCHUFA certificate online. This document along with your payslips can be a very big boon to your house hunting activities. You are in general supposed to get it for free. But it may be worth paying a bit of money to get it at a short notice without much hassle. Landlords/ house rental agents are wary of prospective tenants who do not have a SCHUFA certificate.Start searching for apartments if you do not have some place to already to stay for a long term. It is super difficult to get apartments in Germany unless your employer assists you by engaging professional agencies who help in relocation of expats.Enroll for a German language course in case you wish to stay in Germany for a long term. Locals prefer foreigners to speak in German.Apply for a residence permit which should be again done with the Foreigners office in your locality. You should be able to get an appointment before your visa expires.Germany is heavily bureaucratic. So expect things to move super slow. Be prepared to fill in 10000 forms. Do not expect something super efficient in case you are moving in from the US, the UK or Singapore.Keep on hunting for apartments in case you still have not managed to find one.Meanwhile you may receive a form requesting you to pay 20 euros a month just for surfing the internet. Yes be prepared to pay that even if you using a pre-historic Nokia model or you may not have a single piece of hardware that beams television signals or transfers data through the internet.Complete application for a residence permit with the Foreign Office in the city.Do not download any pirated software, movies, etc. from the internet. You will get caught and need to pay up to 1000 euros as fine.Be prepared to pay absurd amounts for mobile data.Keep hunting for apartments in case you still not have managed to secure one. One of my friends from Munich had to wait for 7 months before he could secure his first deal on an apartment of his choice.

Is it possible to start with very little and become very rich from investing in real estate?You sure can. I got my start in real estate when my apartment complex notified me that my rent was going from $373/month to $413/month when my lease was up in 60 days. I was incensed! How could they justify over a 10% increase on this beat-up, rat-trap, 1 bedroom when they had 30% vacancy and refused to do anything about the fraying carpet and peeling paint.1991It was 1991 and we were in the depths of the previous real estate market crash. I had a personal fortune of $5,000 in the bank (most of it earmarked for my last semester of college) and I wasn’t going to pay crazy money for my little apartment anymore! I marched into the Re/Max office down the street, walked up to the receptionist, and said I want to buy a house. The only agent in the office on this afternoon was Roberta, “Bert” as I got to know her. She took me into her office and it was plastered with awards for things like $25 Million in annual sales and $500 Million in lifetime sales. Bert was a very well seasoned agent and normally worked with people buying million dollar homes. She took me in and treated me like I was a million dollar customer, the customer I would eventually become.Treat me like a Millionaire and I’ll return the favorShe stared off with asking me what I was trying to accomplish and what my budget was. I admitted that I knew basically nothing about real estate, but from what I could see in the papers, I could afford up to a $50k place considering what the interest rates were at the time. Bert interrogated me for about 30 minutes about where I wanted to live and what type of things in a home were important to me. She sent me off with homework in the form of a 15-page mortgage application and said she’d take me out to view places the next day.True to form, I met her at the office and she took me to 3 places in her bright red Cadillac El Dorado. She told me she had 2 places to test out and one place she thought was exactly what I was looking for. She knew her customer. The first to places were okay, nothing wrong with them, and I could have been happy. The last one was what she was saving. It was perfect. Everything I wanted and right where I wanted to be. A cute little 1100SF 2 Bed 2 Bath townhouse with a full unfinished basement of 550SF in a newer community. It was only 5 years old and everything was in good shape. The asking price was $46,000 and I made a $44,000 offer as soon as we got back to the office.They took the offer and I closed a month later. I put down $4,400 and got a state-funded first time buyer incentive to cover the other 10% down that I wouldn’t have to pay back if I owned the house for 10 years. I got a terrific rate for the time at only 8.5%. That would be horrible these days, but in the 80s mortgage rates had topped 15%, so I was just in heaven. My mortgage was $270/month, the HOA dues were $74/month, and insurance was only $90/year! My total costs were only $352/month. I had beaten my old 1 bedroom apartment rent and I had this huge place that I never thought I could fill with furniture. I had arrived.I sent dozens of friends to see Bert, she was spectacular. I would have worked with her for ever, but Bert retired in 1995 before I was ready to buy my next place.Almost a LandlordI started my career as an unofficial landlord a few months after I closed when I had a college buddy want to be my roommate. He was willing to pay $250/month in rent and split the utilities. He was paying $400/month for his 1 bedroom place and this was going to save him a bunch of cash and upgrading him to a much nicer place is a much better part of town. Wow, my total monthly living costs were $102/month plus 1/2 of the utilities. This landlord thing is something I really wanted to do.I really wanted to buy another place to rent out and I was saving as much as I could, but by 1995 the housing market had come back with a vengeance and I decided I should finish paying off my college loans before I tried to buy another place. The hardest thing to do was to try to save enough cash for a down payment. By early 1999 I was getting close. I had paid off all of my school loans and a car I had bought after graduating with my bachelor’s. I had saved about $20k in the bank and was looking for something bigger like a duplex in the $150-200k range, but big was relevant to the market. The more I saved, the higher the prices got.My little $44k townhouse was now worth about $85k and rates had dropped to about 7.5%. It struck me, why couldn’t I refinance my place to get the rest of the cash, so I did. I refinanced my place for $68k and walked away from the closing table with about $30k in my pocket! Now I was ready to buy and just as I was looking it happened, bam, I and about 1,000 others were laid off from MCI/Worldcom.I’m jobless, now what?Ack, now what do I do? I have $50k in the bank, but I have no job and no mortgage company would give me a loan without a job. I searched and searched, but I just wasn’t getting any bites in the Colorado Springs market. So I got a job in Denver. Ok, I was going to buy another place for rental, but now I needed a new place to live. The market in Denver was on fire. The rush to the 2008 market crash was in full swing. I found that the real estate market had a distinct break-point at about $200k. At about $200k you could get a nice 1800SF 3 Bed, 3 Bath, 2 Car on a tiny lot, but if I went to about $225k I could get into a 4000SF, 5 Bed, 5 Bath, 3 Car on a much larger lot. I was in! I bought a place for $224k and I had the 20% to put down and a new job making 30% more than I was in Colorado Springs.1999: Becoming an actual LandlordI rented out my place in Colorado Springs for $700/month and I was now officially a landlord. My parent’s attorney setup the lease and introduced me to a thing called liability insurance, both of which I had to pay for. All said and done, I was clearing over $200/month.In Denver I got 3 roommates each paying $500/month. We all paid 1/4 of the utility bills and we got a cleaning lady to come in once a week to scrub up and change linens. It was a deal, everyone got a garage space (except me, I parked on the street), run of a 4000SF house with all the toys including a wet bar, a big screen TV, and a hot tub. I was being paid $200/month to live in a 4000SF mansion (by my standards) and still had an extra bedroom for my office and guests! I packed away virtually every cent I made and bought my next rental 2 years later in 2001 for $141k.2004: A storm on the horizonMy next, and last for a long time, rental purchase was in 2004. I couldn’t believe how fast the prices were going up on places. The place I bought in 1999 for $224k was now worth $385k and the condo I had purchased in 2001 was now worth $200k. The prices were going up as fast as I was saving. The voice in my head said something was wrong, so I stopped and decided to see what the market would do. I had 3 rentals and had gotten married in 2002, so there were no more roommates in my house. The rents on the rentals had gone up with the market, so the cash-flow from the rentals covered my house and then some. I was happy and successful, but I knew a storm was coming.2008: The CrashThen 2008 hit and as the housing crashed, so did the rents. All of my rentals continued to cash-flow, but just barely as I had to drop the rents to keep them occupied. They no longer covered my house’s mortgage, but I kept my job and I continued to save for the bottom of the market that I knew was coming. 9 years after I bought my last rental, I started buying again and again and again. I was upside down on 2 of the 3 rentals, but I knew better days were coming and they were.After the stormI’ve been to the closing table dozens of times. My wife and I now own over $3 Million in rental property and live in a $1 Million home. I still work a day job for the health insurance and pension, but I have freedom in the knowledge that I could walk away any time I feel like it. For the time being I’m biding my time until I turn 55 and fully vest in my pension. The Denver real estate market feels like it did in 2004 and I see all the signs of overbuilding and easy mortgage money in the market. There are still the occasional deals to be had with cash purchase and distressed sellers, but the competition is stiff and the rental prices are softening. A crash is probably still 4–7 years away, but the double-digit yearly growth is over for now. It’s time for me to pack cash into other investments and wait. The storm is coming again.Summing it all upI got to where I am with $4,400 and what I considered to be an unreasonable rent hike. There is a good dose of patience and luck in there too. I’ve stayed employed all of these years, but the real building of my wealth came from my real estate activity. If I could do it again knowing what I know now, I would have fared a lot better, but I think I can safely say I’ve been successful in the real estate game starting with very little.You can too, but I’d be careful if you’re considering the Denver market.

Hi Abishek,I am not a financial advisor, so i wont be able to tell you what to do, I have interacted a lot with investment advisor’s, even they don’t know what will happen exactly, Its always best guess or informed guess.I will tell you what i will do1,10,000 Income & 30,000 Expense - Total Saving’s 80,00080,000 X 12 Month X 5 Year’s - You will have 48L (Pretty Good Down Payment)Firstly, Please keep - 3 to 6 month of this cash in short term fixed deposit.Secondly, Make sure you have medical insurance for all (Wife, kids , Parents and In laws -dependents basicallyRest of the money, start a recurring deposit , keep adding until next 5 years, you will have good interest and will most probably have around 7 to 8L extra in your bank account.So you should have 55L (Approx) at the end of 5 years# Note you will need to put back the interest back into recurring deposit to ensure you get upwards of 7L at the end - Compounding Helps!Dont just keep saving and dreaming about your home, now get back to work and invest in your skills within the 5 year period, get both of your salary to at-least - 1,65,000 (50% hike)Now take 35 to 45L plot of land maybe 30X40 (2400 Sq Feet) - fully Paid and registered under both of your name. Start hunting for home loan with this land as collateral and 10L as down payment.With collateral and your good income, you will get a loan at 8.5 to 9% range (might change in 5 years , maybe be higher or lower depends), Ensure pre-payment charges are not applicable. take as much loan as you need to build your dream home , if needed build a 2nd floor for rental income and use the rent to payoff most of the EMI.Reconsider all expense’s as you might have kid and other responsibilities now. Start paying off the home loan as soon as possible, here don’t save too much, don’t invest too much, just pay off the loan ASAP.I think in 5 to 6 year, most probably you should be able to clear off the loan. nothing like getting free of loan and having a place to stay, that feeling is wonderful indeed.Now, why i am not recommending investing in stocks or MF or business or something else.Why ?? Hey i have invested in stocks - more than 20L at time, i have made money and i have lost money, having almost 20L worth of in stock market (Even MF) is just nerve racking and you will have sleepless nights, and this feeling is for 9 year old experienced middle class investor (Imagine normal people)If you lose lets say 4 to 5L due to a recession or some company shutdown or political issue (all these are happening now as we speak), you will mostly probably cry and get into depression (been their done that !!!)This method is very very safe for me, as a matter of fact, I own a plot of land in Bangalore and just waiting for my 1st home loan to clear off (3 months left), i will follow the above strategy again to make my 2nd Passive Income Source.Thats it for now !!! ByePlease Upvote