International Investment Opportunity
Good afternoon BiggerPockets Community,
I am going to keep this short and simple for starters.
My name is Mark,
I am looking to purchase a property that is overseas, to be more specific, Poland Kraków. I am looking to move back there within 2 years. I have dual citizenship, and enough Cash to purchase the property but it’s something I don’t really want to do.
Does any one know of any creative startegies of going about that? I called many Banks in Poland but I haven’t had any real luck with them because of my situation, but they have been helpful.
We also have a 4-plex here in the US with a lot of equity built in it. Maybe can we use the equity from our 4-plex to purchase the property.
Has anybody done such ventures and if so I would love to hear about it and what you did!! This doesn’t specifically have to be Poland, it can be any country in Europe!
Thank you guys.
Stay safe!
Most Popular Reply
Hi Marek,
It's possible (with PEKAO and ALIOR), but there are some serious restrictions to it - at least as long as you don't earn Zloty as a income locally. And you will need - amongst others - a PESEL (ID number).
Keep also in mind that if you use equity in the US property you have, your loan will be USD - whatever plans you have in the future (will you earn Zloty? If yes you will be exposed to exchange rates).
Bit of work but absolutely possible, would suggest that you take a morgage broker - not a DIY matter:-)
Good luck!