Germany

[Richard Rheker]

Does anyone have any experience investing in Germany? 

Thanks,

Richard

[Ken Breeze]

Generally speaking, I would have to agree with @Latif A. 

Compared to the US market (assuming you have some knowledge of both markets), Germany is not nearly as interesting in terms of scalability, wealth growth timeline, and ROI. Some of it has to do with last century small thinking and the cultural attitude towards money. Not that other countries or cultures are free of that notion ;-)

Don't get me wrong, my intention is not to sound judgemental or condescending; I am, as most of us, from a low to mid middle-class background, but why do you think Europeans left for a better word and communism and socialism was invented in Europe? This stuff goes very deep and waaaaay back.

I don't know about you guys, but I don't have 30 years to wait for appreciation nor are the local tax laws and regulations (capital gains, property tax, just to name a few) favorable to investors in Germany. 

This is unfortunately also true for many other European countries, in some cases, like Spain or Italy, the game rules are even worse. I know this because I property manage a luxury vacation rental in Tuscany and my family has or had RE in Mallorca/Spain.

This doesn't mean Europe is off limits, it just means you need a very longterm REI strategy, and best to combine it with US and other RE investments if you want to make any returns here.

A whole nother discussion could be about the incredible stability this continent has had for decades compared to the rest of the world including the US.

Starting with you guys, I'd like to set up a European Bigger Pockets Master Mind group. Connect with me to hash out a plan.

Cheers, Ken

P.S. Ich spreche auch fliessend Deutsch ;-)

@Richard Rheker @Jacobus Bor @Flo Schn @Salomon Gamero @Shane Barone @Tevin Howell @Nina Atenburger