Buying property overseas

[Brian S.]

Does anyone have any experience buying rentals in Spain as an American? I am looking for a few recommendations for lawyers and realtors in good affordable cities close to or along the Mediterranean. Any references or suggestions are appreciated. 

[Mike Lambert]

You're welcome. Doing that will eliminate part of the hassle but I assume you're aware that you will likely make much less money than with US LTRs and that the laws are much more tenant friendly than anywhere in the US.

I know Valencia quite well with the perspective of a North American (and European) as I was going to invest in STRs there after the Costa del Sol but, sadly, they've banned STRs there so I had to reconsider. So, if you still want to invest in LTRs there, you could reach out to @Erwin Groenendijk. He's active in the forum so he might be commenting as well.

Finally, I'm not sure that you should worry about dealing with currency fluctuations because you won't have to assuming you're cash flow positive. You'll rent in € and your mortgage payments would be in €. Besides, the € has been fairly stable against the $ over the last few years and that could continue if the FED and the ECB follow similar monetary policies, as the market likely believes.