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5 February 2025 | 5 replies
Would need to know about locations of your buildings and current rents to see if there is anything that can be done now to get numbers a bit better.
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12 February 2025 | 4 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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5 February 2025 | 16 replies
After that you want to build the relationship.
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12 February 2025 | 8 replies
You’re thinking the right way—keep building, and you’ll be in a great position for that apartment building loan in 10 years.
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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.
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9 January 2025 | 11 replies
You may be able to deduct mortgage interest and property taxes before the property is in service.
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15 January 2025 | 3 replies
This is a screenshot from a private Facebook group for tax professionals.
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3 February 2025 | 15 replies
One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.
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31 January 2025 | 2 replies
We have taken over several buildings in Berwyn from clients who have moved out a few years back, and that I get.
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6 February 2025 | 0 replies
This will help attract more business to the state, keep it coming!