What are the benefits of overseas property investment?
As an investor, overseas property investment may be less risky that buying shares. You will earn rental income and benefit from the capital growth. With real estate, you can invest a relatively small amount of money to control a large asset. Historically, land has been one of the best hedges against inflation and turmoil.
With overseas property investment there are high chances of getting high returns on your investment. You also have the benefit of being able to retain control.
Owning property may qualify you for residency in that particular country. Residency may also open the door to a country’s banking and financial services industry.
One of the benefits of overseas property investment is that property and other assets may be insulated from the risk of litigation.
It also produces significant income. You ca generate a cash flow in another currency. Real estate has multiple uses, so you can use it in various ways, while generating income in the process.
The property is likely to have intrinsic value.
Investing in overseas property guarantees a steady income stream.
Tips for overseas property investment:
Having a business plan will give you a clear plan of how much you will invest as well as how much you can expect to recoup in returns.
Consider rental demands when looking at locations. It’s also vital to look at the type of property before you invest. The amount of rent you charge may be heavily dependent on the area in which the property is located.
Consider whether you will be able to ride out several months with no income from tenants. Rental income can fluctuate during financially tough months for tenants. When you are buying overseas property investment you need to be adequately prepared.
Keep in mind that property is an illiquid asset, so if you need fast access to cash you won’t get access to it immediately.