Hi! I’m Bill Reynolds and my two passions are international travel and real estate investing. They used to be separate endeavors for me, but as I started looking for real estate investments in other countries, I found I was doing both at the same time and really enjoying it.
My first international trip was in the summer of 1976 when I was 19. I had just bought a VW bus and had it fixed up with some added shelves, curtains, a camp stove and cooler. My plan was to drive to Montreal and see if I could get into some of the Olympic venues. No reservations, no tickets, not even a passport yet (wasn’t needed at that time). Just a few hundred dollars, an old VW bus, and a yearning to explore. The trip was amazing, and turned out to be a seminal experience for me. I was hooked on travel.
After that trip, I knew I wanted to do much more travel and exploration, I just had to fit it in with more mundane things like getting a degree and working a regular job. I finally got my degree in finance (after 7 years), married an amazing woman, pursued a career in business software development, and helped raise our beautiful daughter. And through it all, my wife and I never stopped traveling.
In 1991, we bought our first piece of real estate, our home! And later, when we bought a bigger house for our growing family, we kept the first house and rented it out. My real estate business began. I continued buying small, starter homes, fixing them up, and renting them out. My goal was to accumulate properties and take a long term position on my real estate acquisitions. I still think this is the best way to make money in real estate.
Now I am 63 and retired, my daughter is a successful business woman in the short-term rental business, and my wife and I continue to travel and look for real estate investments. But we no longer look in the U.S. We are now focused on international real estate for many reasons.
- It can be way less expensive than the U.S.
- It allows for risk diversification beyond a single country
- It provides a hedge against a falling dollar (and it will happen)
- It can be part of a retirement plan
- It is a heck of a lot of fun!
So that’s my story and I look forward to building a blog full of helpful information for investing in real estate beyond your home country.