You don't want to buy the house and then have to spend a lot of money replacing the roof, heating, or air conditioning system. With a few weeks of cleaning and repair you can take a cheap property and turn it into a cash cow getting well $1,000 a month with it depending on size. If you're planning on living in the house, your margin of safety may just be having enough cash to do updates. The overall housing cost in the country is low, property taxes are low, and the government offers special tax breaks to foreign investors. In other words, the concept of 'no money down' simply refers to a down payment that can be made by money, which investment properties for sale may be borrowed from friends or relatives or from a money lender. However, even the new real estate investment seminar programs are just old hat, or old trick-ships in new bottles.

Rushing things while dealing with properties can cost you heavy, which is a mistake, first timers often make. The main disadvantage is that you will, in a way, have to pay for their services. The agent/broker may also upload a small video clip of himself/herself to make the presentation seem less impersonal. To make sure you're well within the rules, stay away from the property entirely. This, for some is a problem as the existing law that requires a full 60 days of notice before expecting a tenant to vacate no longer applies... Uncle Bob is going to do his own comps and is not going to rely on an appraiser.

Appoint an attorney for your property management after the closing process so that you do not have to worry about any problems related to the property. In some cases they would sign off on hundreds of these transactions per day. If you can learn how to do that then you will have no problem finding the money. Rental rates are well mandated by the German government, as well. Easy to replicate, with a little research, budgeting and willingness to make our own repairs.

If you are willing to buy the property completely "As Is" and are not asking for any specific considerations or repairs on Houses for sale like this, this needs to be spelled out in the contract.