Start small with strategies like house hacking, leveraging your hands-on skills for value-add properties, and building a strong team or network to reduce risks.

Multifamily is all about relationships, and it sounds like you’re building the right foundation.

.- 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.

Yes they are buying old homes to tear down to build there now.

Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

I believe starting with something smaller will help me build the knowledge I need before considering larger deals down the road.

Are you saying that because of this unit, the building might not be able to be refinanced?

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

I'm not an expert in these markets nor turn key but ohio is a great state to invest. our strategy has always been buying below market or building below market 

It's great that you're focusing on building a solid foundation before diving into real estate.