This may sound like a dumb question...but how do you do this? My wife and I have very casually toyed with the idea of one day purchasing some off the beaten path house in Costa Rica within walking distance to a beach. How does international real estate work for ownership, loans, taxes, etc? In a low economic country like Costa Rica how does one go about maintaining their property, or rather, preventing petty theft?
We've done a little researching online but most articles and "Costa Rica" real estate websites seem to fluff all of my concerns. I'd be curious what are some realistic challenges and lessons learned some of you all may have had. Not necessarily in Costa Rica, but other countries with similar potential hazards.
PS - I could foresee a potential of renting it out as a vacation rental on VRBO or AirBnB as a side hustle and to keep it lived in while we would be away. While doing that internationally and away from us would be new, we do have a rental unit attached to our "main house" here in Alaska. It's been a good consistent secondary source of income and I could see adding another to help pay for itself...or at the very least reduce the out of pocket expenses.
We've done a little researching online but most articles and "Costa Rica" real estate websites seem to fluff all of my concerns. I'd be curious what are some realistic challenges and lessons learned some of you all may have had. Not necessarily in Costa Rica, but other countries with similar potential hazards.
PS - I could foresee a potential of renting it out as a vacation rental on VRBO or AirBnB as a side hustle and to keep it lived in while we would be away. While doing that internationally and away from us would be new, we do have a rental unit attached to our "main house" here in Alaska. It's been a good consistent secondary source of income and I could see adding another to help pay for itself...or at the very least reduce the out of pocket expenses.