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Updated over 4 years ago on . Most recent reply
Rental properties- International rentals, good idea?
If you can please share any experience dealing with international properties, investing in rental properties? Destinations like Italy there must be fire sales. Greece was super cheap but recovered later. Panama is a hot destination, I would think now is a good time to start to look at such properties.
One thing that attracts me is the low property tax in some of these destinations.
If anyone can share their experience will appreciate much!
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@Nathan G., you're certainly right to be concerned about travel. After the pandemic it will become much easier, and typically if you buy property in another country you can receive a residency visa. Its not a full passport (though there are specific countries which offer passports in exchange for investments), but it allows you fairly easy travel to/from the country.
Originally posted by @Nathan Gesner:
I was just reading about purchasing investment property in Italy. I really like the idea of owning a vacation home in Italy but I do worry about the difficulty of travel. 30 years ago, it was easy to hop a plan and bounce around the world. Now it seems increasingly difficult thanks to terrorism or exaggerated "pandemics" happening all the time.