Hi Teepeeseller & all,
Don't get me wrong, i'm not risk averse (just want Garuntees LOL),but measured risk with sound fundamentals will be my way forward. I agree, Berlin isn't the only place to be looking, but with limited funds you have to start somewhere and Berlin seem's very attractive. I also believe that BTL has a place within an investment strategy, used in the correct manner and can limit the amount of exsposure within a single market or the European as a whole. I looked at Hamburg when first got interested in Germany, and think I will revisit the subject. Don't have alot of cash (don't Know where it goes) so I'm very interested in leverage and would appreciate yours (and JMBroad) insight to the subject at (small, for now) invester level WRT the current issues within the finance sector and the Liberalisation of the Mortgage market in Germany. Max ltv of 70% and a min lend of 50K euros I'm led to believe. I will for many years to come be a slave to my paymasters ( a labour prostitute as my colleague puts it lol),but the gradual increase of income coming from other areas sounds a lot more attaractive
Contact Berlin real estate centre. They have an agreement with a finance house and access to some lovely flats in Prenzlauerberg (nice area and not at the top of the pile yet so scope for growth). Arguably a better bet than Charlottenberg because everything in Cberg is already at top dollar for Berlin.
On these I think they arrange tenants and are netting 5/6%. Not sure how they arrange prop management however. I'm sure they will have a reputable company on their books or be able to advise you. I have agents I use for management but they are a small outfit - I've just stayed loyal to em because they are friends as much as anything else nowadays and would never let me down because of that.
Tel nr is 01527 406982 and the fella who looked after my last client was a Mr Hudson. He does most of their btl and commercial investment.
Off to Atlanta for a meeting with a gentleman over there who has his fingers into bank foreclosures. Then to Dresden in June. Hamburg is on the itinerary but subject to change of course. If I find anything of real interest I will let little snippets slip.
Good luck with your German ventures - Berlin is a great place to start and only going to get better.