Quote: (03-12-2012 05:46 PM)Gringuito Wrote:
I'm an American and I own properties overseas. I like having a place of my own where I travel. I think you'll run into problems getting a mortgage for an overseas property, I always pay in cash. For example, buying a home in France is a bit of a pain (need a French bank account, pay taxes, etc.) and you'll need good real estate lawyers and accountants. Selling can also be a problem with bad liquidity of some housing markets. I'm not familiar with buying a place in Bangkok.
As G said, more details please! Agree with you about the cash, that's how it would probably go down. Actually, you could take out a HELOC here, which is tax deductable to fund the purchase somewhere else.
Do you rent it out when you're not there? Is there a problem not renting it out for a full year b/c you want to use it as well?