I don't think it would cost as much gats, things are much cheaper there, there is no way we can compare them.
I am ready and willing to buy property in every corner of the world if I had the means to. Imagine the beauty of living in a beach house when the temperatures are fine. Or think about having a home with extensive grounds with vineyards heavy with fruit. A penthouse in a lovely neighborhood will make a good buy. Where do I get the money to start buying?
My family owns property in another country. So, I'm very open to the idea. I think it's a great concept if you do it carefully. You have to be very careful when buying abroad. Yes, low cost-of-living is ideal. But it won't help you if you're kidnapped by guerrillas, evicted by a new political party or bamboozled by real-estate scammers. A lot of research has to go into buying real-estate abroad.
No I will not buy property overseas because that is not what long term plans are and I don't own any properties at all. If I ever were to purchase any kind of property I would do it in the United States but that is it. This won't be something I'll be doing anytime soon but I'm not going to say never due to the fact that anything is possible for the future. Before doing this type of thing it's important to learn more about it first.
I think that if we have the right contacts it can be a great deal, we can build cheap and sell expensive, it's the base for a good deal and to make real money.
I would love to own property over seas but I'm afraid of the possible taxes that would come with it. I know there are a bunch of people who buy vacation homes with the contract that the taxes is a set amount but you have to imagine paying someone to stay there, cost of general upkeep and other expenses associated with it. If I wont the lottery or became some famous writer.... yes ... I'd want a castle in Scotland. But being realistic, I'd love to own a property over seas to pass it on to my children. My father's family bought the plantation our ancestors were slaves on and that's a big deal so I see where there is an impact.
Given a chance plus capital...why not?...its always good and advisable to broaden one's horizon...but i' d like to do background checks, listen in to advice before wading in the waters...would not want to come out of such a project scathed and at losses though!
Yes, exactly! We would need to have people we trust in that other country so that our money doesn't disappear, but having that assured it can be an awesome opportunity.
Stability can be taken for granted. But life happens and an investor must be willing to take risks . . or they should weigh their risks as you say and then decide if the venture is worth it. I've heard that those who invested in Turkey [and those who are still doing so] stand to make some good cash in future should they intend to sell whatever property they buy now.
Wow didn't know that. I also read a story about a basketball player playing for a team over there. He said that the people are so nice and welcoming. I might have to consider this as a destiny.
