there is a show on 7 mate, after Escape to the country, on Friday nights...about investing overseas... and boy do the distant investors get taken for a ride... not hands on...just take the agents word..who knows the real story...which can be very different from the truth
best to invest in the local area, that you know best... otherwise you are asking for trouble and what are the tax implications between the two countries have you investigated that side of the equation
in the US for example you pay local taxes, that are more substantial compared to the mortgage interest...for eg a case I looked at ages ago...a prop on the market for $200,000 at half price had over $8000 in taxes before any other costs whoa there goes any positive rent return...compared to here...before interest and rates buyer beware the most successful investors know their turf...they know what changes council is planning, they know the strengths and weakness of the area, and all the other nuances
its not ,throw a dart, and you get the same scenario across the board..... unless you are looking for trouble
