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Wow those Property taxes are high. 3% is pretty steep especially since you can't write off he full amount.
What is a coach home? Condo or townhouse? I never heard that term before.
What insight do you have on the land from a developing country will increase? Sounds like a very risky speculation. What motivated you to invest there?
Coach home is more close to a condo. Not a high rise condo but the main entrance or door is shared by 4 units. Two on the first floor and two on the second.
I agree it is risky to buy a property in a developing country but to my advantage, parents live there and help with taking care of the property. My plan is to liquidate it sooner than later.
My motivation was the buying power of people increased and more people buy land / apartments in developing countries. Property appraised by more than 100% however, currency exchange and takes took a bite. Overall, I came out positive. I would not do it again now. In my early 30’s, I took the chance.