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Source: Business Report
By: Gabrielle Braud
From a relatively strong dollar to the desire to diversify, there’s a number of reasons why more Americans than ever before are pursuing real estate investments abroad, says Kathleen Peddicord, publisher of International Living and founder of the Live and Invest Overseas publishing group. A big reason, she says, is the aging baby boomer population.
“This generation of retirees is more educated and better traveled than any before it,” says Peddicord, who has been researching, scouting, speaking and writing about how to invest in foreign properties for more than 30 years. “And so when they look around for options and opportunities for investment—and also for preparing for or imagining their retirement lifestyle—they look beyond U.S. borders.”
For many boomers, a real estate investment abroad can seem like a perfect opportunity to “turn this stage of life into an adventure that can also bring profit,” Peddicord explains. Most commonly, they’re looking for a cash flow property, a place where they can spend time while on vacation and rent it out when they’re not. But investing in real estate abroad is much more complicated than investing in the U.S., and those who are considering it need to take a cautious approach.
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