How do we analyze the markets and deals outside of the US?

[Ngoc Vo]

Hi Biggerpockets community, I’ve been hooked to real estate investment lately and determined to buy the first property in the next 6 months. I live in Germany where the real estate market is really expensive. I read a few books, one of which is “How to invest in real estate market: the ultimate beginner’s guide…” by Brandon Turner and Joshua Dorkin. The book suggests some key metrics when analyzing deals and how the metrics should be to consider it is a good deal. However, it seems none of the metrics is applicable to the German market. For example, the 2% rule about how rent should be compared to the house value - in Germany the rent is always far less than 1% of the house value. What is your advice? Thanks a bunch!