Mark, speak to a variety of people, get a good feel for things. If agent 1 says abc, and agent 2 and 3 say def, then you know something is out of kilter.
To say in 10 years they are expecting 400% growth, if in Germany, that it could be codswallop. Why because in real terms Berlin experienced a negative growth last year, and they are saying it will go up 40% a year. Come on.
Maybe, you have to look into things in more depth. Learn about leveraging your money. Look at who is underwriting the rental guarantees, look at the costs and taxes as well. You need to know how much the mortgage is going to cost prior to purchase.
Yes, it is work, but worth it. Remember all agents have a vested interested to sell. Me too, I want to sell, but there is a level of integrity (high) with what we do, or try to do, we dont bake the figures, so they are pie in the sky, it is real figures. There are few really good deals out there, you need to look into the detail. Details.
I hope this helps. Think how long it took you to make the money, apply the same criteria in the spending it. If it took you 2 years to make the money, dont spend in 2 hours, or 2 days or 2 weeks, do your research. Money will always find a home.
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