If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

.- 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.

I want to cancel TODAY and get a refund of the $390 + tax membership fee. 

Taking a break from working on our 2024 bookkeeping and taxes. 

Rentals generate passive income, so an S-Corp offers no added tax benefit.