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Old 21-09-2008, 09:01 AM
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HORIZON HORIZON is offline
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Join Date: May 2008
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Hi Wiki,

if you want to rely only on rentals - which I do not recommend - please check how long is the rental season in the country you are buying as well as if there is a possibility of oversupply in rental market in the near future.

Also check who can actually manage your property, can you find trustful agents and how much do they take.

The property has to have a considerable benefit in case the market goes down - either beachfront, or central location, or sea view. Choose a country which has an economic growth and check what are the predictions for it in the next few years. Also is the government supportive to investors.

Very important point are taxes, as this also adds up to your expenses: capital gain taxes, rental taxes, property sale taxes and similar. Always have in mind a market exit strategy in case your plan does not work - can you sell the property at least for the same price to cover up your loan? How soon can you do that?

Last edited by HORIZON; 21-09-2008 at 09:07 AM.
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