Updated over 5 years ago on . Most recent reply
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.
Most Popular Reply
I‘d suggest you get a good book on real estate investing in Germany. E.g. „Erfolg mit Wohnimmobilien“ by Thomas Knedel. He also has an online community, „Immopreneur“ on Facebook. Immocation has some good YouTube videos on real estate investment but take their advise with a pinch of salt. They often recommend investing in areas for high cashflow where I’d never even think about buying properties. For specific questions, feel free to ask here on BP, I’m happy to help.