To your original question Karen, as private lenders you are going to get deals where borrowers have low credit scores or are in tricky financial situations.

My understanding is that the SBA business physical disaster loan program is the route you go. 

The good news is that the financial metrics you've read about are universal and not at all country specific.The bad news is that Germany may just not be a good cash-flow market, compared to the U.S.But then, few markets are.That's why you find so many Germans and Australians and Spaniards and others trying so hard to find great deals in the U.S.And, even in the States, there are plenty of sub-markets where properties routinely fail the so-called "1% rule."

Both from a financial and time standpoint.  

I'm not familiar with your market but the faster you can start paying your own mortgage rather than someone else's you're one step closer to the long-term goal of financial freedom. 

After a couple of years organizing my personal finances and financial literacy, my goal this year is to finish the year in my own home and have 1 rental property.

Hi Jay,Well the whole thing is a disaster and yes, I would have NEVER agreed to a policy that included a 6ft let alone a 24 hours security guard especially in the small town of Colusa, yes in a small farming community.  

Plus, it gives you peace of mind knowing you won’t be financially liable if something goes wrong.Make Sure You’re Covered TooSpeaking of insurance, don’t forget about yourself!

Joint Ventures (JVs): Partner with other real estate developers, construction companies, or financial backers to co-develop projects.

Here is a progress update from a small-time investor in Connecticut who is trying to achieve financial freedom.