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Hi PE,
I couldn’t agree more with Jacqui’s post. The main challenge will be buying the site unseen. In order to do that efficiently it is advisable to have a good team behind you. From my point of view it is important to avoid buying from any marketers in the country you wish to buy in. As you know they work for the seller and not for you as the buyer.Critical to buying a site unseen is that you first define a precise profile of the property you are after and that suits your personal circumstances. Any professional help you engage should focus on establishing this profile first. It assists you in defining your goals and avoids misunderstandings later down the track.
If you can be flexible with your working hours, the time difference should not be problem. Skype, Webex and other platforms provide easy access to the agents and the property pretty much at any time you want.
We specialize in buying properties for our Australian clients in Europe. This is not exactly what you are after, however, I am more than happy to have a chat with you to run you through how we manage the distance between investor and location of the property.
Claus Rotstein | Positive Real Estate investment Pty Ltd
http://positiverealestateinvestment.com.au
Email Me | Phone Me