I also understand that HELOC interest is NOT tax deductible as it once was.

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

Do I just have to go by the actual numbers like revenue from last owner and taxes?

When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.

If so, there are no transfer taxes due. 

It’s definitely smart to evaluate the tax and cost implications of your funding options.

.- 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.

Any tax pro who is familiar with REI will be able to help you.

Have you passed the tax assessment yet, or is this your first year of owning it?

Mgt, Landscape/Snow, tax, insurance, utility then debt service.