Building a strong financial plan, researching markets, assembling a reliable team, and having an exit strategy are essential steps to success.Good luck!

As a property manager I've built up a rolodex of reliable professionals that I provide for all my clients, however in self-managing you will have to invest some of the time in finding those professionals for yourself.

Platforms like Angi or a quick Google search can also help you find reliable options.

Real estate takes time and scale to produce reliable cash flow.

This cultural preference for renting creates a steady demand for rental properties, ensuring reliable cash flow for property owners.Additionally, many Germans face a significant shortage of affordable housing, particularly in major cities like Berlin, Munich, and Hamburg.

Focus on long-term rentals in affordable markets with reliable cash flow, and steer clear of high-cost flips, lower-class properties, or overleveraging in areas that rely solely on appreciation.Good luck!

You just have to keep moving forward and trust that it will all make sense eventually.

um, not having to move furniture?

You need an income that meets three requirements:Rents increase faster than inflation to offset constantly rising prices.It must be reliable; it continues even during economic downturns.It must last throughout your lifetime.These are all long-term requirements, so the current interest rates are not the major issue.

I can get it with a DSCR loan now and would not live in it initially, but would want to eventually move into it 6-12 months down the road.