Keeping up with their reputation of being more educated and better traveled than generations that preceded them, retired baby boomers are looking beyond the U.S. for real estate investment opportunities. The staff at the Baton Rouge Business Report takes a look at boomers who make this decision in search of adventure and profit during this stage of their lives.
However there are risks involved in these foreign investments:
Something to keep in mind, Peddicord says, is that most real estate markets outside the U.S. deal almost exclusively in cash and loans are difficult to secure. The rest of the world also doesn’t have a multiple listing service that most Americans are familiar with, making it nearly impossible to look at comparable properties or gauge the market.