FOREX RATES – THE “SECRET INGREDIENT” OF OVERSEAS DEALS ZIV MAGEN
Similarly, if you insist on withdrawing your rental income from your foreign country of choice back to your home
country bank account on a monthly basis (because your annual cash flow plan relies on this income to service
your loan back home, or for whatever other reason), you'll once again be faced with the same problem - you'll
have to take whatever rate the market offers that week, having no choice in the matter.
And what happens if you've transferred your income back home and then an AC unit or hot water boiler kicks
the bucket in one of your properties overseas? That's right, you guessed it, all of the above all over again. You
gotta take whatever exchange rate the market offers (or your tenant will leave or, even worse, take you to court
and win, plus expenses and fines), you gotta pay bank charges for a teeny tiny amount all over again, and you
gotta suddenly find the extra cash to do it all.
Ouch, right? And this is the main reason (aside from failing to properly research your target market and failing
to listen to your team, as we've covered in past articles), a great many would-be international investors fail
miserably and bag the concept of overseas investing to anyone who'll listen.
However, and this is the secret, they've got only themselves to blame.
The very same scenarios, with a bit of advance planning and thought, could have netted them extra hundreds,
thousands, tens of thousands or even hundreds of thousands of dollars.
The good news is this - the difference between the spectacular, exquisite "daily special" and the stale,
tasteless, disappointing one is in your hands. Here's how: