Experience investing out of the US, and surprises?

[Chris Moore]

Hello BP,

Short version: anyone know the tax/banking/currency consequences for investing outside the US? Or where I can find this? (obviously find some international tax attorneys/bankers, but hoping for some friendly advice/experience)

Long version

So, I know general advice is to invest in your backyard. I failed that one by investing in Colorado while living in California. Now I am curious about taking a giant leap from California... haha

I am on vacation in Brazil and see huge opportunities. Yes, I know they are still in an economic and political crisis, but I think the next few years there is huge potential. I am in Sao Paulo (one of the biggest cities in the world) and see an amazing amount of vacant commercial bulidings yet there is still 18 floor high-end apartment buildings being built all over. I also see this scenario as multiple ways to win, (cash flow/property appreciation/exchange rate improvement). I just can`t seem to find much info about the process. (getting lending, making purchases, tax consequences from each country, issues getting paid in reais ((their currency)), but withdrawn in dollars). Any thoughts are appreciated!!!

Chris