Is buying foreign property without living there first too risky?
Is buying a property in a foreign country without living there first a smart move, or a recipe for regret? I’m seeing more people jump into overseas real estate for rental income, but many skip the cultural and legal nuances that can turn a dream into a nightmare. A colleague of mine bought an apartment in Bali based on a quick trip, only to discover local zoning laws changed a year later. I’m not saying it’s always wrong, but the risk seems high when you’re not on the ground. Do you think remote property investment can truly work, or is it too risky for most?