Quote from: iBaba on Today at 08:07:27 PM

Quote from: lixer on December 03, 2024, 07:18:31 PM

Technology have got far all throughout the years and many things are digitalized now (thanks to the help of the internet), therefore it is also possible to own a real estate on other countries even if you are not really there because they can just hand you the documents over the internet or straight to your e-mail's boxes. Maybe that was true that investing in real estate had some certain criteria. It can be a hassle to some but in cryptos, investing is only easy. This is one of their advantages. In real estate investing, once you pass the criteria, I think you won't experience an issue anymore later on and if in case you are not fit there, just move on to the others.

But guess what, it's really interesting to know that you can invest in the real estate industry in a foreign country over the internet. Knowing fully well how profitable and reliable the real estate market is, being able to invest outside your country without necessarily showing up physically is something that makes sense to me. But again this bring me to asking, how flexible such business transactions can be, and how do you trust the process. It's not unfounded that an investor is prone to being scam over the air when they go into businesses like buying physical assets or properties by proxy could be a dangerous practice to my opinion.

Thanks to the technological advancement that has made these processes easy and seen to the growth of such online real estate platforms. Though in this case one must be very careful and ensure you do due diligence to avoid falling into the wrong hands or to ensure the legitimacy of the property as well as whether it meets up with the country's laws, tax implications and foreign ownership restrictions.

The main concern of this one is on having those documentation and other process on regarding into the property that you have purchased out and its been done via online on which it is really that hard to believe or trust up such transactions specially we are talking big money on here. We do know that properties doesnt really come cheap and making up some transactions without involving any paperworks and some signature will really be that something that doubtful about its legitimacy. This is why if ever someone do make out some purchase through online without physical apperance then its good to know and being lucky at least that he hadnt been scammed out, knowing that transactions online does really have that highest risks when it comes to fraud and faking. One of the known businesses or investment that could provide out that good passive income could really be acquired or would really achievable on real estate business but of course this isnt something that will really be cheap and thats why only a few does have that kind of capability at the moment on buying up properties. Although not all people who do touch up this space do become that successful on which it will really be that still basing or depending up on some factors on which it will really be also contributing on someones success into this industry.