# Crowdhouse experiences
**URL:** https://forum.mustachianpost.com/t/crowdhouse-experiences/1772
**Category:** Real Estate
**Created:** [January 25, 2019, 2:08pm UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772 "2019-01-25T14:08:34Z")
**Posts on this page:** 8
**Page:** 4
### Author:  [@ach](https://forum.mustachianpost.com/u/ach)
#### Post date: [July 12, 2026, 6:06pm UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/63 "2026-07-12T18:06:26Z")
Well, if you borrow 100% your yield is infinite
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### Author:  [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)
#### Post date: [July 12, 2026, 9:41pm UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/64 "2026-07-12T21:41:52Z")
It’s easier to talk of unleveraged yields and people can add leverage/risk as desired.
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### Author:  [@gaijin](https://forum.mustachianpost.com/u/gaijin)
#### Post date: [July 12, 2026, 9:47pm UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/65 "2026-07-12T21:47:06Z")
> [@user137](#):
>
> - still reliably OK. One of my properties is actually at 7.5% yield, the others tick around 6-6.5%, which is decent.
Those are quite impressive numbers. Is that your net profit? Or is that before Foxstone fees? Did you have any defaults or late payments so far?
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### Author:  [@user137](https://forum.mustachianpost.com/u/user137)
#### Post date: [July 13, 2026, 6:34am UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/66 "2026-07-13T06:34:34Z")
This is net profit after all fees.
Minus your own taxes at your marginal tax rate.
No “late payments”, everything works like a Swiss watch.
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### Author:  [@rolandinho](https://forum.mustachianpost.com/u/rolandinho)
#### Post date: [July 21, 2026, 9:10am UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/67 "2026-07-21T09:10:03Z")
> [@user137](#):
>
> Experience since 2024:
>
> - still reliably OK. One of my properties is actually at 7.5% yield, the others tick around 6-6.5%, which is decent.
> - minus taxes (at your marginal tax rate, mostly), plus declaring taxes in every canton (the admin is very much not zero)
Thanks for sharing your experience. Reads quite good. “Decent” indeed 🙂 I have been considering complementing my “Direct-RE-Funds” with something like Foxstone.
The yields you mention, this is basically
“CHF received i.e. paid out to you p.a.” / “invested CHF in 2024” = your calculated yield p.a. right?
Sorry, I know @gaijin asked a similar question which you answered, I just want to lead on from this question - Considering/assuming CH property value has increased say 2% p.a. since 2024, would you additionally have this return, at least “theoretically” “on paper”. And this return would be multiplied by about 2 (since “leverage” by mortgage “\*”).
So, in this market since 2024 total return (payout + appreciation) may have been about 10-11% p.a.?
Just trying to compare with my Direct RE Funds (which of course have that strong Agio element to consider).
“\*” On average, 40% of each property is financed by the co-owners’ equity and 60% by a mortgage. (from Foxstone website)
Re Taxes, since you’re in the Grundbuch of the property, you basically get taxed in the canton where the property is, for this property value and property income? You send in a copy of your tax declaration from your home canton, right? Not too bad, but still a bit of admin, another login, another tax bill etc.
How is the tax value of the property? In general the tax value of a owner-occupied-house is quite a bit lower than its market value (say 60-70% of market value) - are you taxed on this market value or that initial invesment amount made?
Thanks for any follow-up answers!
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### Author:  [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)
#### Post date: [July 21, 2026, 9:49am UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/68 "2026-07-21T09:49:05Z")
> [@rolandinho](#):
>
> Re Taxes, since you’re in the Grundbuch of the property, you basically get taxed in the canton where the property is, for this property value and property income? You send in a copy of your tax declaration from your home canton, right? Not too bad, but still a bit of admin, another login, another tax bill etc.
And a re-partition calculation. Plus some cantons can disagree. ZH used to accept a lump sum discount for wealth management fees, BL challenges this and gets it disallowed for both…
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### Author:  [@user137](https://forum.mustachianpost.com/u/user137)
#### Post date: [July 22, 2026, 9:01pm UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/69 "2026-07-22T21:01:30Z")
> [@rolandinho](#):
>
> “CHF received i.e. paid out to you p.a.” / “invested CHF in 2024” = your calculated yield p.a. right?
Yield is “you put in 10k / at 6% you get 600 CHF per year”, minus withholding tax 35%, fully reclaimable in the next tax declaration (as Verrechnungssteuer). Multiply your numbers as you see fit.
Neither Foxstone nor Crowdhouse offers an appreciation indexation as the rental yields also don’t do this. Foxstone offers linear appreciation on the secondary market over time, Crowdhouse sets a one-round auction for the interested parties to manage an exit.
As for crowd-lending, there is no appreciation element, of course.
> [@rolandinho](#):
>
> So, in this market since 2024 total return (payout + appreciation) may have been about 10-11% p.a.?
It’s the cash payout as advertised. Real estate appreciation is imaginary until cashed out, so this is only in your head. For my sanity, I’m discounting this to 1-2% pa. 🙂
> [@rolandinho](#):
>
> You send in a copy of your tax declaration from your home canton, right? Not too bad, but still a bit of admin, another login, another tax bill etc.
then after properties in different cantons you need to comply with
- sending all your tax declarations into all of them (different methods, but still mostly email or web upload), special (nut)case Geneva, all with their own deadlines
- answering all their questions about repartitioning et al.
- keeping 2 kg’s of paper each year
- I’m also having a full “taxes” tab now to keep track of what has been paid to which canton and Gemeinde on which day for which invoice (provisorium, suggestion, definitive invoice, closing invoice)… 😒
Property tax values are set by the canton. In some cases they will send you a letter, for Canton AG it’s OK to leave this at zero…
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### Author:  [@rolandinho](https://forum.mustachianpost.com/u/rolandinho)
#### Post date: [July 23, 2026, 7:51am UTC](https://forum.mustachianpost.com/t/crowdhouse-experiences/1772/70 "2026-07-23T07:51:02Z")
> [@user137](#):
>
> properties in different cantons you need to comply with
Thanks very much for all this clear info, based on your actual experience!
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