Invest in real estate abroad for those who never invested before

1 Reply

Dear Moderator: Can you hide my name?  I do not want my name to be shown in the discussion. I do not where I can use a fake name on this site. Thank you so much. 

I am Canadian university student. I want to invest in real estate in different countries. I never invested before. I never invested in real estate. I do not have a lot of money.  I want to live in a different country just for 1-3 years and move to another one. I want to travel the world.   I want to buy real estate for retirement and not to depend on a job.  I want to charge rent to people. I want to get a monthly income from the real estate. I do not want to sell the real estate. 

Q1: Do you recommend I hire someone to take care of the property, to collect the rent, and to find tenants ? How do you find such trustworthy people or organizations?  Do you recommend that I buy property close to where I live?  The problem is I do not want to live in that country for too long. 

Q2: What is the minimum amount of money should I spend on real estate? Should I start small or large? 

Q3: What properties do you recommend I start with? Apartments, single family homes, multi-family homes, etc. 

Q4: I do not have money nor assets. I do not want to use my family's money or their assets as collateral for a mortgage. What do I if I do not have money and I do not have assets that I can use as a collateral for a mortgage?  

Thank you for your time and consideration in reading this message. 

The questions you're asking are perfect, but these are HUGE questions. You're basically asking for every piece of real estate investing info out there. How to do low to no money down? How much should I invest? Do I do the work myself or hire it out? What strategy should I do? How do you vet people? Should I buy near me or non-locally? What's the meaning of life?

All great questions, but you may want to do some research on your own on all these topics and then come back with more specific questions. It would take a novel to answer all of these on here.

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