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Updated over 1 year ago,
US expat in Asia. Where to begin rental real estate investment? U.S. or Asia?
Hi BP community,
I am a longtime US expat living in Asia for over a decade. I've for the past months been studying REI with eye towards rental properties.
My struggle, however, is my relatively unique situation living in Korea, and where I should look to start, i.e. Korea or an Asian market, or long distance rentals in the U.S.
Beyond actual market conditions/analysis, Ive thought thru some of the more personal pros/cons, but would appreciate advice? Especially for those who have been/are in situations similar to mine? A beginning investor living outside the U.S. looking to get started.
Korea (pros/cons)
- where I currently live so easier/more tangible to research, manage properties
- while my Korean is ok, and I can utilize translation tools etc, bilingual agents, the language barrier would remain a challenge when it comes to navigating the Korean real estate world
- tax, mortgage, etc complexities
USA (pros/cons)
- much easier to understand as my native country, but at the same time as I havent lived in the US for several years, behind on market trends, etc. Also, i would be starting as a long distance investor.
- easier tax, contracting, etc due to the English language vs Korean lang factor though i know mortgages/financing for a non U.S. resident would take work though as i understand possible
Thank you!