Owning more than one property means being able to vacation whenever. But now, with US real estate prices and mortgage rates rising, your ideal second (or third) home may happen to be abroad.
Living abroad has numerous benefits, like being able to learn about a new culture, having a private holiday spot, and maybe gaining a second citizenship. For those who have never considered living abroad, one powerful incentive is something you’d be hard-pressed to find in the US: a low price.
Renting out foreign real estate can also be an income stream. But be cautioned that you should always use a local licensed real estate agent and lawyer
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