Hello all! I am thinking of buying property internationally. I’ve read rules and regulations surrounding the country’s property ownership, what is needed for travel/residency/leasing etc…

My intent: I would like to buy the foreign property whilst I am young so by the time retirement comes, I can move there lien free, while retaining my US Citizenship and multiple US rental properties. (I have verified legally than can be achieved, albeit with a lot of verification and paperwork). I already own some rental property, but I feel as if this would allow for a long-term transition into living where I’d like with a steady stream of income.

My question is if anyone has done this, what your experience was, and the order of steps you took to achieve success.

Also — is this a good idea? I work in the retirement industry so it’s always on the forefront of my mind.