Thread: Buying a house overseas...

Originally Posted by Zacreth

It would be nice to have a international portfolio of houses...lol.

Maybe I should see if I can get some other houses and do like a timeshare or something like that..lol

There's a member of our site who has something like 14 homes all over the globe. I hate him.

Originally Posted by LuxHomes

I have 2 rental properties in Grand Cayman returning about 13% P.A. between them for the last several years. Its one of the safest Caribbean nations, with close proximity to the US (1hr flight from MIA) and has the highest standard of living in the region, etc. No taxes or restrictions on who can buy either.

which areas are your 2 properties located? I'm always looking for a good investment property. How has the appreciation been in that area over the last few years?

Originally Posted by nyspeedfreak

which areas are your 2 properties located? I'm always looking for a good investment property. How has the appreciation been in that area over the last few years?

Both are located on the east end of the island. I've owned them several years now, appreciation has been great. In 07' I was offered more than double what I paid for one property but I wasnt interested in selling. I dont know what they are worth as of the moment with the global recession and all but I'd still guess 75-100% more than I paid for them originally.

Im actually thinking about buying some development land that a local developer didnt have the money to finish because of the recession, but did 90% of the infrastructure work.

Originally Posted by LuxHomes

There's a member of our site who has something like 14 homes all over the globe. I hate him.

That sounds like something fun to me... own a flat in london, one in paris, milan, athens, and a few in the asian. Setup a timeshare program..lol.

I'll start with what I can I guess. I'll take the one in Greece and when the time comes or opportunity presents itself I'll try to buy other then.

Thanks for the comments on this thread.

Originally Posted by Zacreth

That sounds like something fun to me... own a flat in london, one in paris, milan, athens, and a few in the asian. Setup a timeshare program..lol.

I'll start with what I can I guess. I'll take the one in Greece and when the time comes or opportunity presents itself I'll try to buy other then.

Thanks for the comments on this thread.

What part of Greece is this property in?

Originally Posted by nyspeedfreak

which areas are your 2 properties located? I'm always looking for a good investment property. How has the appreciation been in that area over the last few years?

If you're interested I can put you in touch with a guy down there who knows where the deals are.

In Paraguay, you can rent a 500 sqt. retail store for as low as $60,000 a year.

Most of the retail stores are 10% cap. rate and no taxes including property taxes.

Originally Posted by TEK 13

What part of Greece is this property in?

The apartment is in Arta, west side of Greece.

Originally Posted by johnbsk32

In Paraguay, you can rent a 500 sqt. retail store for as low as $60,000 a year.

Most of the retail stores are 10% cap. rate and no taxes including property taxes.

That's actually crazy that a store so small is so high in rent...lol