From Germany's Northernmost City to a Cash-Flowing Property 600 km Away

Vilhelm has spent more than 25 years in the shipping industry. Originally from Iceland, he settled in Flensburg, Germany's northernmost city, where he manages a fleet for a German "Fischfang" company. He had long wanted to build wealth through real estate, but the German market felt like a major obstacle: unfamiliar tax rules, financing processes in a second language, and no clear way to find the right property. On top of that, the strongest investment markets lay hundreds of kilometres south of his home, far beyond what he could manage on his own.

Vilhelm wanted a property that would work for him, not the other way around: a solid rental yield, meaningful tax savings as a German taxpayer, and a fully managed investment he could run from Flensburg without ever needing to be on site. The location should be chosen for returns, not for proximity to his front door.

LDP Group guided Vilhelm through the entire process, from property selection and financing to tax structuring and rental setup, and identified a 3-room co-living apartment in Augsburg, over 600 km from his home. The co-living concept lifts the rental yield to 5.4%, well above what a conventional single-tenant letting in the region would achieve. The structure secures 31.000 € in tax savings, the apartment generates +176 € positive cashflow every month, and after ten years Vilhelm can sell tax-free with a projected gain of 170.000 €. Everything is managed remotely, and the distance has never been an issue