I am looking into International Investing... STR/MTR

[Shane Dolinski]

Hello!

I love travelling internationally. As an investor in Short Term and Medium Term Rentals, I really want to branch out and look to investing in these type of properties around the world. My goal is to have several of these homes in several locations around the world in places I want to stay and 'retire' and travel to my homes around the world.

My questions to you all is, does anyone have any experience doing this. What countries are friendly to do this in as a foreigner. I am sure some countries this may not be possible. Some countries you need to have citizenship, some you cannot own only lease, some may be tough to find good management, local tax implications, etc.

I love Europe (I have heard, Spain and Ireland are friendly to foreign investors), South America, Croatia, Thailand, Carribbean, etc...

Any advise or direction would be great!

Thank you!

Shane Dolinski

Realtor -- Owner/ Elevated Real Estate Services

Albuquerque, NM

[Jonathan Avellaneda]

Quote from @Mike Lambert:

@Malcomb Stapel

Thanks for the shoot out!

@Shane Dolinski

It's all possible. There are two main lenses to look at this in a preliminary fashion. I don't know what your definition of the Caribbean is, as many includes Mexico and Central America in it so I will just in case. I'm not sure what etc means so I'll leave it on the side.

1. Legal issues

In the areas you mentioned, there are generally no constraints to foreign ownership of real estate with the exception if Thailand. In Thailand, foreigners can't own the ground. But you can buy a condo as long as it isn't ground floor. Mind you, owning a condo without my share of the ground makes no sense to me so I personally don't like it.

2. Lifestyle or investment

Is the property for your own use? Only? Do you want to rent it (as well) just to cover your costs or to make a profit as well? How big the profit?

These are the countries in which I either own property already or am looking at buying, should I find the right deal (in no particular order): Spain (I'm actually buying there as we speak), Colombia, Brazil, Uruguay, Mexico (after buying multiple properties there, I'm now at the stage in which I do developments) and Panama. Ireland is horrendously expensive and the nice areas of Croatia are expensive too. The income in Thailand is way too low to my taste.

Feel free to DM me if I can help you further.

Mike

Wow that is awesome! Would you mind if I reach out about investing in Colombia?