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Updated about 2 years ago on . Most recent reply

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Galit Garsiel
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Is it risky or difficult to flip a house overseas?

Galit Garsiel
Posted

Does overseeing repairs overseas online present a problem?

Of course, I'll show up to see the house before the repairs, and maybe again after they're done. And I'll pay for each repair only after the job is done, so the handymen won't run off with my money. But I won't stay overseas for a long time. 

Some countries don't have capital gains tax, such as Belize. Buying a house and living in it is difficult for me for reasons to long to write in one post. 

Do you recommand flipping a house overseas?

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Chris Seveney
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  • Investor
  • Virginia
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Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorReplied

@Galit Garsiel

Overseeing work anywhere online is problematic. Impossible to determine quality of work.

Is it risky, it depends. I assume you have vast understanding of the market where you want to build and what homes sell for, what the inventory supply is and demographics.

The Belize currency is stable to us currency so that’s a positive when doing something overseas.

  • Chris Seveney
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