Robert Memmler is a real estate investor. He generates capital for existing purchases through the fix-and-flip business. Collage: Business Insider
Robert Memmler bought his first property at the age of 21 and built up a portfolio worth around eight million euros – without any equity. With BI+ you can read about the strategy the Dresden native used to achieve this.
Robert Memmler bought his first property at the age of 21 and today owns a portfolio worth around eight million euros.
It generates around 30,000 euros in rental income per month from 48 units, including residential and commercial units. The repayment rate is around 13,000 euros.
The 37-year-old makes an annual turnover of 16 million euros with his fix-and-flip business. In an interview with Business Insider, he reveals how he managed this.
This article is part of our series “Inside property – everything about renting, buying and careers in the industry.
450 euros rent per month. 5400 euros per year. And over a five-year period, 27,000 euros. These are figures that made Robert Memmler rethink his approach. As a 16-year-old, he turned his back on his parents’ house to move into a shared apartment in Dresden. Five years later, he questioned this decision. He did the math and realized: “If I move out at some point, the money will simply be gone.” The young man then decided to buy his own property. And the one apartment has now become a portfolio worth around eight million euros. (Business Insider got a glimpse of the numbers).
The 37-year-old bought his first property when he was just 21 years old. He says that it really bothered him to spend so much money without getting anything out of it in the long term. “Then, in 2008, I opened Immoscout and looked for condominiums. The prices were still very cheap.” He found a 38 square meter apartment for 19,000 euros – “that was less than I had previously paid in rent,” he recalls. Robert Memmler still to the point that convinced him about the apartment.
My father wanted to have me committed because he thought I had gone mad
