If you have a lot of equity and little cash flow, you should consider accessing that equity to use elsewhere.Another factor to consider is your interest rate on the debt.

The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.

He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha

Eliminate debt, establish a budget, and save.

.- 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.

Pre-trial in 9/9 and docket sounding will be October 14th.This trial is going to be very interesting as around 30% of the debt relates to work performed on personal property, so it could prove the corporate veil has been pierced.

After closing, work on increasing your income, reducing debt, and preparing for a second mortgage.

Note that I live in the Netherlands, which has many tax laws.thank you 

Which made my tracking for taxes and such all look super dumb because everything is off by a dollar.

I just started using it and so far the owner info matches up with the county tax info.