I have been trying to find an investor for my property, the numbers are very promising and the property is not in a third world country (new zealand)
I had many inquiries, mostly from USA but they all backed out eventually due to geographic reasons.
If the property was guaranteed to be a great ROI, would you still consider investing? I am not sure if people do consider foreign property or I should try targeting mor locally which i have also had no luck
basis of my proposal
Ive been looking for someone to help with the downpayment and in return, id handle all operation and maintenance cost as well as mortgage. Id offer a reasonable equity greater than their investment as well as a percentage of the income generated from an essentially free business that comes with the property.
Would you invest in foreign property?
byu/Electrical-Wall4471 inrealestateinvesting
Posted by Electrical-Wall4471
1 Comment
The problem is ultimately risk and liability. There is no easy mechanism for a US investor to go after you if you run off with the money. Couple that with claims of “guaranteed” returns, and that just spells scam.