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Updated 11 months ago, 02/10/2024
Input, advise and data for starting up
Hi everyone! First off thank you to anyone who takes the time to read and responds. I know I wrote a lot and I am still trying to narrow it down some. I have been bouncing around between a couple of ideas on how I would like to eventually move forward in getting into real estate.
Just for some background I had originally thought I would start with house hacking a long time ago but with life throwing a series of curveballs I am finding myself taking a brand new look on life and trying to decide which way I want to go at this point. I been looking into either property abroad, homesteading/self sustainable home for myself, building a community living with a self sustainability situation with others, buying property abroad with a group of people I decide I trust enough to do so with (my inspiration for this last one: https://tynan.com/empire/), just go back to my original idea to house hack first, or a combination of the above. I really do like the idea of buying/potentially moving abroad, but I will need to rebuild capital first, so I have some time to plan for now. I wanted to start collecting info I need to eventually move forward on one of them. I am currently leaning towards the community/buying abroad with others options. But figured I would see if anyone had some experience with any of this and could provide some input and advice.
As a side thing I am trying to create a spreadsheet to look into properties that could work for the communal or buying abroad together option. so I was looking for a list of things I would need to consider when buying a property/land in this manner. I have some ideas (visa requirements, acreage, zoning (what it allows for), a section for expenses/upkeep, the amount that everything put together breaks down to depending on the number of people buying into it) but hoping for more specifics on the actual property analysis/numbers side of it since I don’t really have much experience and would need to be able to explain it to someone to help me create the sheet.
Any bit of advice would be helpful!
Thank you again!