Hello, I have a gift of around $300k that I can spend only on property. I can add some capital from my savings if I need to. I currently don't need a place to live, so this should go towards an ongoing additional income stream, as well as a long-term capital gain (20+ years).
I do not want to invest where I live currently, so it would have to be a foreign investment. I would appreciate any knowledge and help on the below points:
- Which location (city, country) will meet both requirements of ongoing net income and long-term capital gain (i.e. low risk). Ideally this would be somewhere in Europe or Asia. I'm open to relatively younger markets, but not high-risk. I will not need a mortgage.
- Should I look at diversifying this investment into multiple properties in different locations?
- As a foreign investor, I doubt I will need to pay taxes in most places, assuming I'm below the allowance threshold. Would this assumption be generally correct?
- How do I go about finding a reliable property manager in any market? Is there a specific method? Do I need to meet them in person multiple times?
- How are property manager charges determined? I would assume a % on return is recommended over a fixed fee as this encourages them to let it for as high as possible?
- Any success/failure stories on remote BTL anywhere in the world?
- Which is better for short term yield, commercial or residential properties?
I have been doing some research on BTL in the UK where I have family, and I'm not sure if I could have any significant short term return on residential properties. Would appreciate any advice/previous experiences.
Submitted December 03, 2017 at 08:19AM by arkon496 http://ift.tt/2zZtskK
