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Hi Mike,
I am a 28 year old Australian. I live in Spain and have done for 3 years now, I am with a pro sports team and earn good money and like you very keen to get the property investing going. Personally I found it very hard to get started as I had very little money to start with but up here I save allot, I also find it hard to find deals and purchase property at home as I’m out of the country. For me I saved up some money and went home between contracts for 3 months at the end of last year, I spent the whole time the previous 2 years looking where to buy and learning as much as possible so in my short visit home I could get straight into it. I found it very important to find a good accountant and mortgage broker as the lending and tax implications a more with expats. I ended up buying a unit and house, renno’d the house in a short 3 week space and now I’m back in Spain learning, saving and watching all the area’s for next trip home, I think you need to at least walk into a house or property to feel if it’s right or not and know the street and area which is hard over the internet. I looked at buying here in Spain but went off it when I found that you can not borrow against it in Australia and ultimately I want to be home….. Hope this helps, Bryce.
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