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Old 30-01-2008, 11:58 AM
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Investy Investy is offline
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Join Date: Oct 2006
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Deciding what you like is only the first part.

Next you need to consider many things including;

EXACTLY who will manage the property rentals?

What are all the ongoing charges (many properties do not wash thier face)

What if I die - exactly how will the state administer my assets - this can be amassive headache especially in unknown territorie

How liquid is my property? If I suddenly need to sell is a resale likely? REMMEBER MILLIONS OF PROPERTIES IN ULTRA POPULAR SPAIN ARE NOT SELLING, THERE IS NO SECOND HAND MARKET - SO A SALE CAN TAKE YEARS.

What is the demand / supply ratio? You can be in Las Vegas (another gambling centre) yet find (as many have) it impossible to find renters.

How much do you trust the managing agent? It is almost impossible to judge on appearances or flasshy websites. What you need are legal commitments and or LOTS of personal recommendations.

How long is the rent season? You can have the best ski property in the wolrd, yet you still might find you get just 4 months rent per year (all will tell u there is a summer walking demand - but this is nearly always not a big enough demand to sustain the summer rentals).

Research, research, research.

Most important - will the seller go bust? There are many sharks out there that wont give a seconds thought to going bust and dissapearing with your deposit. A decent developer will have all this arranged to suit the buyer, for example independant lawyers Bank accounts - but you must check the law firm is lagre - a one man band lawyer may be in bed with said crooked developer.
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year
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