agentchow
New Contributor
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50%
- Feb 11, 2020
- 4
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Hello, I am 24 year old male working a day job as a SWE at a unicorn startup (~330k USD). I have around 300k in liquid capital that and I am looking to diversify my portfolio.
From my research, the US housing market is not nearly as hot as it once was. It is harder to turn a profit than it was a decade prior (especially since I am based in California).
This leads me to my question, how is the efficacy of investing in a foreign city, in my case, specifically Budapest. I have citizenship there and family/friends who can help manage the property., so I will not need a foreign investment license and can circumvent a lot of the overhead bureaucracy. In addition, I travel there yearly to visit family so I would be able to check up on it. Any thoughts or input would be greatly appreciated!
From my research, the US housing market is not nearly as hot as it once was. It is harder to turn a profit than it was a decade prior (especially since I am based in California).
This leads me to my question, how is the efficacy of investing in a foreign city, in my case, specifically Budapest. I have citizenship there and family/friends who can help manage the property., so I will not need a foreign investment license and can circumvent a lot of the overhead bureaucracy. In addition, I travel there yearly to visit family so I would be able to check up on it. Any thoughts or input would be greatly appreciated!
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