Buying International Real Estate in Spain/Portugal/Hungary

[Marielle Walter]

I have some cash on hand which is not enough to buy a nice city condo in the US, but may be enough to buy a nice one or two bedroom condo internationally - somewhere like Spain (barcelona or southern beach area), downtown Budapest, or parts of Portugal. I would plan to have a property manager to keep an eye on the place and let in renters, while I was based in the US. I am curious if anyone else has taken this route to stretch your cash for a nicer investment, and if you have any tips or suggestions on prime locations. I want to be able to airbnb and have other longer term renters as number 1 priority, but appreciation over time would of course be nice too. Thanks for your thoughts!