Are you investing in your local market?

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

Favorable Legal Framework for Foreign InvestorsGermany offers a straightforward and investor-friendly property market, with laws that protect the rights of both local and international investors.

I would love to connect with local investors around the area and discuss real estate.

You'll typically need to set up your account and get familiar with the process of working with the local housing authority.

Leverage equity, explore house hacking, and continue learning through books, podcasts, and local networking to refine your strategy.

I have seen all sides of this equation, self managing my own properties locally, but moved with the Navy 1000 miles away and managed the same rentals from afar, and had friends here in Memphis that had 18 properties and had them all with PMs with varying levels of success, some bad and some great.Self-managing brings about an additional level of responsibility that most of the time is fine, but that is not what you hire a PM for.

I’ll also connect with locals through BiggerPockets or Facebook groups for first-hand insights.If visiting isn’t an option, lean on a reliable local team (agents, property managers) to help vet the area.

If you are an agent and local you should be able to scout the areas.

@Jillian Alonge fellow local here in Miami.