I’ve owned a house in Russia going on 17 years. Same tenant for 13 years, we’ve been through 3 economic crisis already, the US had two of them.
In general owning a foreign property can be very rewarding if done correctly.
The rent I earned in Russia allowed me to buy four more homes in San Diego back in 2013.
Rents in Moscow are lower now. I can’t imagine they are so high in Columbia but you never know.
Side note, we had a tenant give notice in 4S in our smaller unit there, but found a new one in 2 days. So demand is there, I still think many landlords aren’t so responsive.
For my next one, the seller finally declared bankruptcy today, so hopefully will close on that in 90 days. Learning a few new things so far but it looks good.
