QUOTE (thomasbeyer2000 @ Mar 29 2008, 03:20 PM) YES, this is a BIG world !
It makes sense to invest in MANY places, such as BC, ON, SK, TX, FL, AZ, Cambodia, Brazil, Argentina, Panama, Italy, Turkey, Egypt .. and also here in AB !
if you invest only a small amount travel cost and distance cost have to be considered. So, flying to Florida 3 times to find that awesome foreclosure may or may not make sense ...
You also have to become an expert in
a ) a type of property and
b ) an area
So, pick a property type (say apartment building or townhouse or acreage or signel family foreclosed homes or condos with oceanviews or ...) .. then pick an area that makes sense (and there are MANY !) .. and then EXECUTE REPEATEDLY THERE !
So, for example, if you have relations in Cambodia, a growing Asian society, or in Brazil (a growing nation on the threshold of a 1st world nation) or in XYZ .. and for $20,000 you can buy a piece of land and build a house, and sell it for $30,000 or $40,000 .. why not do it ?
Does anyone have experience purchasing RE outside North America? I am intrigued by RE in emerging markets, Brazil and Cambodia are good examples. Does REIN provide insights with such investments? Are any members involved in exotic JV`s now? Thanks in advance for your responses. See you at the Quickstart in TO!