Check These 14 Important Items Before Buying Abroad
Last week, we talked about the need to rebalance our investments in the U.S. markets by diversifying abroad. And the logical follow-on to that discussion is a word on how to get started.
I’ve bought a number of overseas properties—both for personal use and as investments—and I find that evaluation of a potential property always comes back to a few simple basics. It’s a safe and secure process when you follow the rules, and use the same good sense that you’d use in your home country.
For Any Property You’re Considering, First Look At These General Items
1) Location: As anyone in the real estate business will tell you, location is paramount. You can fix almost anything else with enough time and money, but you can’t fix the location. Make sure it’s either good… or that you have a strong reason to believe it’s on its way to becoming good.
In addition to the neighborhood, also consider Continue reading