If you are bidding 1.250.000 for a property that is advertised with 1.700.000 with a 7.7% yield and a squaremeter price of 950 Euro in an up-and-coming area, then your yield expectations are way to high at least for our company and the properties we are able to offer. We can try to find a property for you in an foreclosure or regular property auction. This comes with more risk but better yields (as always in life). We advice investors along this process based on consulting fees, charged by workdays, payed upfront.
Important note regarding buying property out of auction:
Please consider, you need to have 100% plus court fees as equity (=cash) available, because the auction process is like a black box for the bank, and they don’t even give money to Germans in this case.