Just these 9 words uttered by Enzo Ferrari changed the course of supercars forever.The story goes that Ferruccio Lamborghini, a tractor manufacturer, went to Mr Ferrari to complain about the clutch of his car.It’s a real classic cause-and-effect story.Well, did you know that property cooling measures in 2010 caused a flurry of local buyers to purchase properties overseas?
Maybe I’m just greedy , but to me, real estate is an important asset class to balance out my riskier crypto or stock holdings. .The world is your oysterAs such, my personal goal is to own a door in every city in this beautiful world, and choosing my first few doors would lay a good foundation for building a healthy real estate portfolio.
Can you imagine being stuck with a unit that you can’t rent out or liquidate… While paying for the mortgage. Yikes. That’s gonna cost you your next steps forward.to see what’s the average cost of a flat in different parts of the world and you can shortlist your options from there.Though I ain’t no real estate mogul , I always emphasize the need for a realistic objective and roadmap for EACH property you acquire.
Just off the top of my head, I’m thinking about political stability, crimes in the area, how prevalent are natural disasters, or is there enough demand to ensure the unit is always occupied. The future is also uncertain, and the value of your property would be subjected to unforeseen circumstances. You might need to fork out more money than you made or deal with an outdated neighbourhood.It’s like the news of the release of €1 Italian homes? What do you think the risks are to these homes?Sometimes buying overseas real estate may seem to be so “affordable”.
It also determines the general profile of your rental pool. If you bought an apartment in San Diego, California, the rental pool would most likely be students as it is a college town. College students have certain spending power and that translates to the rental yield you’ll command.It has a very constant demand for rental units – especially with the student population and expats,Great records in terms of real estate transactions,I might want to move there in the future.