Newby Posted January 23, 2015 Report Share Posted January 23, 2015 Hi Dr, you have convinced me! No, I have been looking at Australia (taxes are about 50% of the rent, while the interest rate is 5.4%), Canada (lower taxes, but only a mortgage of 65%, which means most of my money would go into a small property in a city and country I know very little about), Singapore (20% tax on the price of the property). What about the Philippines? Can you make am 80% mortgage in Philippino peso, and use the rental income to pay for the mortgage? How is the process of buying a flat there? I think you bought a new building, not yet finished? Or do you have tenants? What are the commission for the agent? Have the tenants been paying regularly? What is your general experience? P.S.: I still don't have time for boots on the ground. Link to comment Share on other sites More sharing options...
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