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18 February 2025 | 9 replies
Network, find some money.
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16 January 2025 | 10 replies
Alternatively, I could explore hard money lenders.
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6 February 2025 | 3 replies
Hard Money then refinance traditional residential after renovated.
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6 February 2025 | 6 replies
One way to save some money, especially if you are local is to split the job.
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14 February 2025 | 4 replies
I've found the people who want to charge for their time and "mentorship" typically need the money because they are struggling- maybe not the best person to take financial advice from.
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19 January 2025 | 13 replies
It links to our business bank account and our business credit card so come tax time, deductions should be easier.
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10 February 2025 | 6 replies
This will help you close deals faster.Focus on marketing and lead generation to find motivated sellers—direct mail, driving for dollars, and online marketing all work well here.Know your numbers—being able to accurately assess the value of properties and make solid offers is key.Network with other investors and professionals—attend local REI meetups, connect with title companies, and build relationships with hard money lenders.Feel free to reach out if you ever want to chat more or exchange ideas!
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11 February 2025 | 4 replies
NOI Underwriting Methodology: NRI and EGI, real estate taxes, operating expense underwriting rules of thumb, replacement reserves, appraiser’s impact on lender underwriting, expense comps, etc.10.
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12 February 2025 | 8 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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24 January 2025 | 0 replies
.- Property Transfer Tax (Grunderwerbsteuer): 3.5-6.5%, depending on the region- Land Registration Fees: Approximately 0.5-1.5%.- Realtor Fees: As mentioned, these range from 3-7% of the purchase price, plus VAT.Benefits for Service Members- Equity Building: Owning property builds equity over time, providing long-term financial security.- Strong Rental Potential: If reassigned, you can rent the property out in Germany high-demand rental market.- Tax Advantages: Germany offers tax deductions for property owners, which can help offset some costs.Key TakeawaysService members have a unique opportunity to buy property in Germany with minimal upfront costs.