A local real estate lawyer or translator can ensure you fully understand the terms and conditions of the purchase.Other Costs to Consider- Closing Costs: In addition to your down payment, expect to pay an additional 8-12% of the property price for:- Notary Fees: Around 1-2% of the purchase price.- 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.

We are NorCal and are not yet in flipping but looking into long term rentals currently.

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

Flipping, renting, or sitting tight for long-term appreciation-there is potential for anyone willing to do the work.

Without too much detail I had to quit my W2 job 2 years ago to care for my disabled son and my wife is still working.

Refinancing: If the lender doesn’t approve, refinancing under the LLC might be required, but LLC loans typically come with stricter terms and higher rates.3.

This is now used as a airbnb/mid-term rental.

Happy to get more granular if I know more details.

Can someone explain the details of selling a house to a child?

I’m finding a hard time finding comps for a long term rental.