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Updated over 4 years ago,
Rental Investing in Germany
Hello.
My name is Jerraill and I'm a transitioning service member who has served in the USAF for 9 years. I'll separate from the Air Force next summer and my wife Sarah & I are returning to southwest Germany ( where she is from ) to start our real estate investing journey.
Our initial plan of action is to refinance the home we currently own in Germany that is valued for roughly $275k ( in which we have about $200k of equity ) and use that cash to begin our first BRRRR project of a multifamily unit. From that point on we'd like to repeat the process at least twice a year for the next 15 years in order to build up the passive income that allows us to escape the Rat Race. Sarah ( my wife ) is also working to gain her German Realtor License in order to learn more about the German real estate system and use those skills/info to benefit our business.
I've come to forums today to just gain some insight from others who are actively investing in German and gain some advice/information on things that I've probably overlooked in my current plan.