My closest friends have always pestered me about why I consistently buy outside of my area. My one belief when it comes to remote property investing is never ever put restrictions on yourself.
Years ago, if I said I was just going to buy property in England, I would’ve lost out on a lot of amazing experiences and a lot of financial opportunity. You have to broaden your horizons, research where people want to go, seek out new trends, and jump on sites that you feel have big potential.
One place people always are looking to rent and travel too are islands around the world. Every year, millions of people are after a remote getaway, where they can leave the noise of modern day cities and kick back and relax on a warm, cozy island. I, myself, have invested in remote properties on some of the best islands in the world. Here I will share some insider tips, strategies, and which are the best islands for remote property investing.
Before we dive into some of the best islands you can invest in, I want to quickly share tips on remote property investing in general. First and foremost, above all else, location is KEY. Without a great location you can waste a lot of money buying property that no one wants to visit.
The housing market is different everywhere in the world, and you need to keep up to date on relevant information that deals with the environment you are entering into. If you are new to this business one of the greatest pieces of advice I can give you is to meet and learn from already successful people in this industry. You can learn so much from people who have already been where you are headed.
One of the best resources I have used is the We Buy Houses Community Meetup Events of Rick Otton, where you can meet fellow property investors and learn the ins and outs of the business. I would not be where I am today without other investors I have learned from. Another resource I look into for more information on remote real estate investing link: https://www.homeunion.com/blog/8-things-remote-real-estate-investors-should-know-part-1/
So now onto the islands, and which are the best in remote property investing! My first word of advice is go VISIT! Travel to islands you are interested and go, so you can get a sense of the weather, the people, and what, eventually, you will be selling. That being said there are some islands I recommend to take a look at.
Firstly, take a look at Hawaii. This is an established destination spot not just for Americans but also people from South Eats Asia, so finding clients won’t be difficult. Here is a nice resources for searching Hawaiian property: http://www.betterhawaii.com/
Another beautiful, and reasonably cheap location to buy is in the islands of Greece. Homes are available all over the Greek Islands, where you or your guests will wake up to sunshine and great weather. For more information check out: http://www.apropertyingreece.com/.
Other best islands to remote property invest are the Bahamas, Grand Cayman Islands, and Jamaica. For a full list and more information on each check out this informative website: http://www.globalpropertyguide.com/Caribbean#continent_comparison
Investing in island property is a lot of work but can be very rewarding. Do some research, travel, and pick your favourite hotspot! I wish you the best of luck!