Im a first time buyer lookin into buying oveaseas property (maybe Slovakia, Bulgaria, Romania) as a short to medium term investment. My plan is to take out a mortgage for up to 80.000 euro and invest in a property, maybe two in one of the new Eu states, hold onto for up to 5 years and sell hopefully with a nice enough return to put a deposit down on a house for myself at home and if all goes well maybe hold onto the second property for the long term.
note: This is just new rough plans of mine havent properly researched this just yet, hoping that this post will help get me started. Im only a novice in this game only turning 20 tryin to get myself in gear any advice whatsoever greatly appriciated.
Cheers