Specialist · Barcelona, Spain · Member since 2018 · 14 posts · 7 votes
I am based in Barcelona Spain and help foreign investors to buy real estate in the city. I'm curious to know, for those of you who have experience with long distance investing (from a different country or out of state), what has been the biggest struggle for you and how did you overcome it?
@Account Closed the biggest pain point for me is always property management. A good property manager with solid vendors is literally worth their weight in gold!
@Account Closed the biggest pain point for me is always property management. A good property manager with solid vendors is literally worth their weight in gold!
Laws and laws changing vs foreigners......think about all the foreigners who lost their property in Spain, Mexcio, and Venezuela.....law changes in Canada and Malaysia recently.
If you know what you’re doing, it’s the unavailability of (cheap) financing in many markets. Also many markets are overpriced and foreigners oftentimes don’t know that because they don’t do their due diligence properly.
Some really good points here. So much to watch out for, even as an experienced investor. One investor I know mentioned that the biggest points are finding the right property and having people you trust on the ground. Would you / have you ever used a buyer's agent to speed up / simplify the process?