Investment Home in Germany; Renting to Military Tenants

[Mark Pijanowski]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $295,000
Cash invested: $500

The home is located in Germany.

What made you interested in investing in this type of deal?

A co-worker of mine did two deals in Germany, and let me know that it was possible.

How did you find this deal and how did you negotiate it?

Worked with a German agent, the seller was American and wanted to get out of the deal quickly. We knocked off 25K from his original asking price.

How did you finance this deal?

110% financing via a local German bank.

How did you add value to the deal?

I didn't have to, we bought at a great price. The home sells (rents) itself.

What was the outcome?

Very positive. Only about 500 Euros out of pocket, but essentially this was a true no money down deal.

Lessons learned? Challenges?

Very straightforward purchasing overseas.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Send me a PM, I can provide you our agent's contact info.

[Tobias Stoll]

@Mark Pijanowski

One more thought... you made a steal... single famaly house in Germany cost between 400-500k since interest rates are near nil the whole market blew up...

Congratz