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Updated over 4 years ago on . Most recent reply
Anyone invested in property in another country?
I have been looking at property in different markets, I live in Washington, DC and am priced out of my market for investing. I was looking in Pennsylvania, but couldn't help but think how amazing Costa Rica, but don't know how risky it would be to invest in a different country.
Most Popular Reply
We bought several properties in India. And I regret buying each and everyone of them. You have to consider foreign exchange rate. Most currencies in emerging markets depreciate against the USD over time due to high inflation there, which means your investment will depreciate too. If you want to bring back money to the US say after a decade, you will realize that your money hasn't grown at all as the currrency in the other country depreciated against the USD. If you are a buy and hold investor stay in the US.