Hi, I am from Canada. I never invested before. I want my first investment to be real estate as it can produce monthly income. I have read that people use real estate to help them during retirement instead of relying on a retirement plan like 401 K or RRSP. I was thinking to get real estate to fund my retirement.
I will be working as an English teacher in China this year. My plan is to work in different countries. So I will work 2-3 years in China, 2-3 years in Japan, 2-3 years in Thailand, etc. I do not want to live in Canada anymore because I want to live in other countries.
I was thinking to buy real estate in Canada and other countries that I will be living in. I do not want to sell them. The only problem is that I have to hire somebody/company to look after the property and to collect rent for me. The problem with hiring a property manager is that there is a high risk of them deceiving me as I will not be able to monitor what they are doing. However, I have to hire a property manager because I will not know anybody in that country.
Based on my goals and my concern with property managers, is it worth me investing in real estate? What investments I should consider instead? I am looking for investments that can support me for retirement and are portable.
Thank you so much for your time and consideration in reading this message.
Submitted July 04, 2019 at 09:53PM by BaldMan134 https://ift.tt/30eSqoy
