In my short time here I have learned so much and it's amazing how many people are willing to share their knowledge.

Why give away so much?

I'm looking both around Ludlow and around Dover - so Okemo and Mount Snow.

And as you seem to have done your diligence on that one property, so have we.

I live in NYC so I am not sure if the price is high or about right.

The good news is that the financial metrics you've read about are universal and not at all country specific.The bad news is that Germany may just not be a good cash-flow market, compared to the U.S.But then, few markets are.That's why you find so many Germans and Australians and Spaniards and others trying so hard to find great deals in the U.S.And, even in the States, there are plenty of sub-markets where properties routinely fail the so-called "1% rule."

(instead of getting new financing)  A $300,000 mortgage at 3% is $1,264 - but a $300,000 at 6.53% is $1,902 - so I simply save / cash flow $638 a month.

So buy a 4-5-6 bedroom home with 3-4-5 baths and rent by the room. 

So if you guys don’t know who I am, I’m Patrick Knapp.

Don't get sucked in to borderline applicants, make it as black and white as you can so you can approve or turn down with confidence.