- Joined
- Oct 11, 2017
- Messages
- 2
Apologies if there are already discussions on this topic, I searched but didn't find specifically what I'm looking for. If there is, feel free to guide me there.
I currently have 4 rental units in Calgary turning a small but respectable profit. I'd love to organize my life so that I can live abroad half of the year. Thing is, I'd like options, and I also am comfortable with real estate.
Ideally I would relocate for 5-7 months to a country with a good economic and rental outlook, buy a property, fix it up, etc. When the snow starts to melt and one of my units in Calgary comes available, I would switch the foreign home to VRBO/BNB/Long-term-rental and come back to calgary to occupy and update the vacant unit. The next year if I had the capital I would do the same thing but in a different location.
I don't know if this pipe dream is feasible but I believe it could work. Problem is, I don't know anyone who I can actually speak with about the steps of this process. It would be great to find a network of people who are doing something similar that have multiple foreign properties they are renting out. This way I can work with established agents, property managers, cleaners, etc.
I am single with no kids and intend on keeping it that way. I live a modest lifestyle where most of my disposable cash is already going to travel.
Locations I'm hoping for would be:
- Latin America (Colombia, Belize, Ecuador)
- Caribbean (Dominican Republic)
- SE Asia (Thailand, Vietnam)
- Europe (Portugal, Greece)
Feel free to burst my bubble or offer any helpful advice you might have.
Thanks in advance
I currently have 4 rental units in Calgary turning a small but respectable profit. I'd love to organize my life so that I can live abroad half of the year. Thing is, I'd like options, and I also am comfortable with real estate.
Ideally I would relocate for 5-7 months to a country with a good economic and rental outlook, buy a property, fix it up, etc. When the snow starts to melt and one of my units in Calgary comes available, I would switch the foreign home to VRBO/BNB/Long-term-rental and come back to calgary to occupy and update the vacant unit. The next year if I had the capital I would do the same thing but in a different location.
I don't know if this pipe dream is feasible but I believe it could work. Problem is, I don't know anyone who I can actually speak with about the steps of this process. It would be great to find a network of people who are doing something similar that have multiple foreign properties they are renting out. This way I can work with established agents, property managers, cleaners, etc.
I am single with no kids and intend on keeping it that way. I live a modest lifestyle where most of my disposable cash is already going to travel.
Locations I'm hoping for would be:
- Latin America (Colombia, Belize, Ecuador)
- Caribbean (Dominican Republic)
- SE Asia (Thailand, Vietnam)
- Europe (Portugal, Greece)
Feel free to burst my bubble or offer any helpful advice you might have.
Thanks in advance