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Updated almost 5 years ago,
Newbie seeking advice on RE investering while living abroad
Hello dear BP community!
I am a young Danish man new to real estate investing. I have been reading a ton of books, taken an excellent course on real estate investing at UNC Chapel Hill and been following the BP Podcast for some time.
I expect to make my first investment in 2020 as I have managed to save up a bit of cash here while taking my masters degree in Business Analytics here in Barcelona, Spain.
My plan has been to start investing after July 2020 as I expected to return to Denmark and thus be on ground making it easier to invest. However, I have signed with a management consultancy and asked to go to Singapore (and maybe also Dubai) for a great start to my career and low taxes (unlike in Denmark as you may know).
Despite being very happy with the upcoming job, I am a bit frustrated because I think working abroad will be a hurdle to my RE investment career in the sense that I will have both limited time (crazy work hours) and be geographically far away from the market I know best and have a great network within (Denmark).
I think what I really need is to hear from someone who manages to invest in RE while living abroad or far away from the targeted market. Am I doomed or can it be done?