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Updated over 3 years ago,
Unique circumstances breed unique opportunities, right?
Hello everyone or anyone potentially no one. This is my first post here and I'm selfishly looking for advice. First let me inform you of my 'unique circumstance'. I am a UK expat working in Russia and soon moving to Qatar as a high school teacher. I recently married with my beautiful (Russian) wife Aliya. Now for the 'unique opportunities', due to the communist history and extreme weather, 99% of the population live in aparmtent blocks. Most apartments are around 40 - 60 thousand (gbp).
So my basic concept or 'business' plan at the moment is this: invest in the smaller cheaper apartments here in Kazan, Russia. Where annual appreciation of aparments is roughly 10-20%. Then taking the profit to invest in buy to let schemes back in the UK. 1 apartment once fully paid could provide the capital to make a 20% deposit down on two family homes in a UK buy to let scheme.
Phewww. Long worded I know and I apologise for being green as grass, I'm as new as they come to the game but feel I have a good opportunity here. I'd appreciate any advice or words of encouragement!! Am I on to something? Or am I, as the kids say, 'a total noob'
Thanks guys!
Jake