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24 January 2025 | 0 replies
Additionally, I wanted to begin using properties to pull equity to go towards buying more.
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2 February 2025 | 14 replies
Be prepared to come in with additional cash to close due the the appraisal.
3 January 2025 | 2 replies
I am considering building up on my fourplex. 2 additional units.
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25 January 2025 | 7 replies
Considering that, you are likely going to see appreciation year over year, which essentially will be additional equity you'd capture just by simply living in the home.
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19 February 2025 | 14 replies
A HELOC or cash-out refinance on your current rental could unlock additional funds if interest rates improve.
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11 February 2025 | 13 replies
Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential!
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5 February 2025 | 205 replies
This is a very valuable skillset to have in your arsenal as an investor that can dramatically increase your net worth in a short period of time if the strategy is applied correctly.
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19 February 2025 | 8 replies
As you alluded to, sometimes a passive note investment purchased for monthly payments “goes south”, and becomes an active participation investment, with plenty of additional capital required for legal fees, forced place insurance, and property taxes.
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18 February 2025 | 17 replies
Texas has additional laws against these options.
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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.