I find it somewhat interesting that you lump the ~95% of the planet that's not the USA together as "overseas". :lol: The cashflow, sizes, market stability etc obviously vary enormously in the many different markets that exist.
My absolute favourite site for gaining an initial overview of countries that I'm considering investing in is Global Property Guide.
If you're considering a particular country, perhaps you could then ask some questions about that country.
Do you mean sizes? I was asking square ft. I was aking what rent price was getting recieved for these properties, what type of prperties are a hot topic over seas, I know nothing about overseas real estate investing however I know enough about domestic investing my goal was to get a feel for the international oppourtunites out there, are they positive cash flow? Are you buying on a growth play? A flip play? Whats the ROI, kind of all the normal generic questions, however I am most interested in multi family properties, so wondering if you know much about the oppourtunities else where.
Investing overseas is a better way to expand your business.Things to consider:
1) You must do extensive research on the country you would like to invest.
2)Know the legal, tax, insurance, currency exchange, tranfer taxes issues
3)Don't assume that markets with low debt ratio are good for investment
4)Work with Certified International Property Specialist(CIPS), TRC's(Transnational Referral Certified Agents), ICREA or FIABCI members to help you find International properties and provide you knowledge of the particular country and market.
Dubai was great for flips, but not anymore. Lack of transperancy and the economic crisis have affected the market.
Rental Returns and Cap appreciation rates varies depending on the country you choose to purchase.
Markets that tend to be less dependent on credit are faring better with the global credit crisis.
According to the recent survey by AFIRE predict that foreign investors in real estate expect to spend in '09 than in '08. So wish you all the best.
Elizabeth, I appriciate it! I have not heard of these certified individuals, where can I learn more about these? Also I think I would be very interested in obtaining something like this, what schools offer these oppourtunities?
You can go to the Education section of the NAR website and all information is provided regarding the CIPS and TRC course.
To find CIPS agents you can find them in the International Section of the NAR website www.realtor.org and TRC agents can be found in the www.worldproperties.com(This webiste is not my personal website, It is Realtor.com International site to find international agents and properties).
do you have something specific in mind? I can offer you something for caribbean (cancun,playa del carmen, riviera maya) but what are you looking for? if you need info about the market in cancun i will be happy to assist you.
I find it somewhat interesting that you lump the ~95% of the planet that's not the USA together as "overseas". :lol: The cashflow, sizes, market stability etc obviously vary enormously in the many different markets that exist.
My absolute favourite site for gaining an initial overview of countries that I'm considering investing in is Global Property Guide.
If you're considering a particular country, perhaps you could then ask some questions about that country.
The answer given by Tracey was excellent. I consult with individuals looking to buy and sell in Latin America and the first thing I try to do is to get them to determine their own goals, likes and dislikes. I insist that they do some research and set some limits. Otherwise, it is impossible.
Global Property Guide is an excellent source of information, but again, you must limit the number of countries in which you have an interest.
I typically have my clients for Latin America start by researching the counties that they are considering. On my website, I provide an average of 8 links for further information on each country and I consider that only a starting point for my clients. Two great sites for background information on any country are Wikipedia and the CIA- The World Factbook.
Once a client identifies a country (or possibly 2 or 3), then the next step is to identify possible communities. Just as in the US â€" there is a huge difference in investing in California (horrible economy- but REO and other opportunities) or Wyoming (strong energy related economy but not many people).
Another investment decision is based on personal preference. If you want no rental headaches, you might consider raw land or a second home. If you like rental properties then it is a whole different concept.
The final step is dealing with certified professionals who take care of you. The reason I specialize in Latin America is that I found that the US designations (I personally have the CIPS, CRS,CRP, TRC and other designations) - but they usually don't help in the foreign market that you select.
Also checking websites usually gets you an agent who is already representing Sellers and will push, push, push their product even if it is not the right one for you. You will want a Buyer’s agent representing you.
Well, I have typed and typed - but it only scratches the surface of what you need to know before you invest. But don't get discouraged. There are many foreign markets that are great and really will be worth your time in studying them.
Invest in Riviera Maya,Mexico is a very good option. Actually I am colaborating on promote a very serious oceanview development. Includes an analysis of the current turistic market, the general project with the government authorization to build on the cost and the financial plan. Please let me know if you are interested to email you the presentation and the contact info directly with the canadians developers of this mega project.
If looking for highland areas, farms or islands
in Panama we can help you...
you can follow the rental market in Panama and see how much demand there is right now....
If you look at my profile, you will see my diversified investment in Mexico. I'm the developer, so investment would be paid back from the profits of the beach club, restaurant, SCUBA, commercial shop sales, etc.