I'm looking to start investing abroad in Real Estate. I would like to buy properties in other countries say for example Japan where the Dollar is worth a lot and either rent these properties out and collect a steady profit, or selling them. My question is how do I go about doing this, does anyone have any advice, book suggestions, anything really? I'd very much appreciate it thank you.
Usually, you'll need to have access to considerable capital to invest in commercial (anything that makes you money) property abroad. I'm talking several million dollars or more. You'll have to engage a real estate lawyer, a realtor, and a broker in these foreign lands. They aren't going to mess with any one with small potatoes, so you're going to have to bring all your chips to the table. Too risky for them to do otherwise. You also usually have to have a partner who is a national of that country, as foreigners typically cannot own property in most places outright (100% on their own). The question is, will you trust that person with your investment? There are many horror stories of how people lost their life savings doing this type of thing. Usually an individual will not be able to tolerate this level of risk. Stick with the typical domestic investments and keep more of your money - stocks, bonds, funds, etc.
