Where to put money? Long-term financial planning including real estate

Is this a very sought-after location? Small shops often remain vacant for longer and it is more difficult to find tenants than for an apartment.

Smaller shops have an immensely higher risk than residential property. That is then also reflected in the purchase price.

With the purchase price, I was already thinking that there must be some reasons for it.. :D

But are you completely confident with commercial rentals? Can I ask you things about that? If you can answer both with "no," better take ETFs - the risk is more diversified there.

No, I am not completely confident.

With ETFs, the thing is that I have zero idea. No idea where to start best.

But doing nothing also feels wrong :D

Is that a very sought-after location? Small shops tend to stay empty longer and it’s harder to find tenants than for an apartment.

The shop, according to my memory, hasn’t been empty in the last 20 years. But of course, I can’t say for sure.

The rental situation could happen, the business is in a small shopping street where mostly smaller shops like jewelry, a bookstore, a flower shop, etc. are located. Currently (I think for about 10 years), the shop is rented to a bakery.

Imagine roulette exaggeratedly. At a store, you place your money on a number. With an ETF, you, for example, bet on red. And then the possible profit factor is different from roulette and even higher. ETF is actually not that hard. You can even read up on it and then simply set up a savings plan. Important is: Time in the market beats timing the market. That means not trying to enter at the most favorable time and then exit again in between, but simply realizing a long holding period. However, that also means you should not need the money at a fixed date. ETFs are not like investing in options or directly in stocks.

With ETFs, the thing is that I have zero knowledge. No idea where to best start.

Having no knowledge is a very good prerequisite for ETFs. Supposed knowledge tempts you to look for a needle in a haystack; with ignorance, you can buy the entire haystack much more easily. And those who don’t believe they can do timing will also much more easily refrain from constantly checking and changing something.
As a starting point, I would recommend Finanztip.

When it comes to ETFs, the thing is that I have zero knowledge. No idea where to best start.

The best is to start at the beginning. Consider the following six points - B A S S E L: Amount = How much do you want to invest? A lump sum, regular savings, or a combination of both? Investment duration = How long do you want to invest your money? Security = How important is it to you that the investment generates profit? Is it okay if the investment temporarily drops below zero? Tax aspects = What do your exemptions look like? Might something change for you in the future? Return = Closely related to security, do you want higher return chances (=less security) or lower chances (=more security)? Liquidity = How quickly do you need access to the money again? Do you need it back in the worst case tomorrow, or can it stay invested for a few years? Once you have answered these questions for yourself, you can begin searching for investment products suitable for you.

Thank you very much for the tips regarding ETFs, I first need to deal with them in detail.

The property has meantime been listed as a sales object at the local bank. I will take a look at it tomorrow without any obligation. Saying no is always an option :)