Is Brxs accredited by the AFM (Netherlands Authority for the Financial Markets)?
Does Brxs fall under the supervision of the AFM?
BRXS does not fall under the supervision of the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten; AFM). The AFM is the authority responsible for supervising the operation of the financial markets in the Netherlands.
What does Brxs offer?
BRXS offers notes to investors. In short, notes (also known as ‘bonds’ and by us, referred to as ‘brxs notes’) are standardized loans. When buying a note, you grant uPopularWho legally has ownership of the property?
Legally, the property is owned by a wholly owned subsidiary of Brxs BV. (for example BRXS Lucellestraat) and is part of the BRXS Group. The rental agreements with tenants are also signed by that subsidiary and the mortgage credit is attracted at that level as well. This mitigates the risks of complications with one property (such as a dispute with tenants) affecting the other properties. As a result the risk of a property is capped to that property and will not affect other properties and thFew readersHow are properties financed?
Buying a property is much more than covering the purchase price. We also need to consider the property’s tax burden, notary and broker fees, possible renovations, and setting aside cash reserves for the unexpected.
What is the total investment needed to buy a property?
The total investment in a property constitutes of:
Property price: The price we agreed with the seller to buy the property for
Renovations: The cost of any renovations we estimate will be needed to make to prFew readersHow are the properties managed?
BRXS takes care of everything related to the property’s management, including overseeing maintenance needs, finding and servicing tenants, and managing administration (e.g., accounting, insurances, taxes). For some of these tasks we also have a professional property management firm assisting us. As an investor, you do not have to worry about any of these things and you bear no responsibility for them.
For our property management efforts and those of the professional firm, we charge an all iFew readersHow does BRXS select & acquire properties?
The properties we acquire and make available for investment need to work long-term. Therefore, we have developed an internal process for selecting and acquiring what we see as high-quality, low-risk properties that deliver strong returns, both through appreciation and stable cash flows from rent.
In this process, we follow a data-driven approach and work closely together with local real-estate advisors. Prior to purchase, every property also undergoes an extensive structural inspection and finaFew readersWhat type of properties does BRXS acquire?
Currently, we are focusing on residential properties in attractive and in-demand neighborhoods in major metropolitan areas, for more details see the How does BRXS select & acquire properties section. Through our property acquisition processes, we aim to select only properties that provide a good potential rate of return on investment for an acceptable risk.
More real estate information on the Nederlands housing market (https:/Few readers