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7 February 2025 | 17 replies
Depending on how much rent has gone up (after the concessions), if I don't refinance, the cash flow will be about $50-$100 per month.
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26 January 2025 | 8 replies
I looked at their booking calendar one time and thought it was pretty empty.I guess you don't know until you try...and probably depends on if you want high occupancy or high rate?
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27 January 2025 | 6 replies
Taxes depend on the gains from the insurance payout and sale relative to your adjusted basis.
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25 January 2025 | 6 replies
Depending on your finances you don't necessarily need to start with a duplex, but I wouldn't go any more than 4 unit if you're going residential.
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1 February 2025 | 51 replies
It all depends on how fast the property is appreciating as well.
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29 January 2025 | 27 replies
So depending on how much you pay for it, you can assess your cashflow.
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24 January 2025 | 0 replies
.- 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.
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28 January 2025 | 6 replies
Depending on how close you are to Philadelphia you can really manage the property yourself as many Jersey neighborhoods are even closer to philly than some philly neighborhoods.
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13 February 2025 | 22 replies
this depends on three things:1) your work ethic and personality2) your hunting and acquisition budget3) your timeTIME: If you're working full time, door knocking is out of the question.
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11 February 2025 | 15 replies
Again that's just my advice, there isn't a right or a wrong answer, it depends on your future goals.