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9 February 2025 | 33 replies
Would love any additional info and the chance to check it out!
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21 February 2025 | 15 replies
Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).
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15 February 2025 | 14 replies
These tools are just meant to help save time and perhaps provide additional data that you can utilise in your decision making process.
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29 January 2025 | 3 replies
In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.
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2 February 2025 | 4 replies
So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.
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2 February 2025 | 5 replies
That quote will be the basis for any additional damage request.
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3 February 2025 | 15 replies
That is an additional savings. 4.
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7 February 2025 | 10 replies
Specifically I would love additional guidance when it comes to the process of forming a syndication to purchase apartment buildings.
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19 February 2025 | 26 replies
In addition to that, you could open up a credit card to get that credit history rolling.
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24 January 2025 | 0 replies
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.