I can definitely attribute a lot of my success over the last few years due to the connections I made on Bigger Pockets and the things I've just simply learned by listening to and reading all the great info available here!

I am excited to start building my portfolio and learning all I can.

.- 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.

Between now and then, I am committed to learn and connect as much as possible!

Specifically:Will the lender only consider the rental income from the two legally zoned units, even though all three rental incomes are declared on your tax return?

At least now your tax basis is $220k ;-)  What was the extent of the repairs?

I’m excited to connect, learn, and eventually contribute as I gain experience.Feel free to drop your wisdom or recommendations—I’m all ears!

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

If this is what sub2 is, then why are people paying tens of thousands of dollars to learn this process?

I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax.