Finding an Overseas Investment Property that will produce a great return can be a complicated undertaking.
Many have tried and failed, and yet others have successfully purchased multiple properties that are returning them consistent profits.
So what is the secret? How do you make sure that you are one of the success stories and not one of the failures.
As in all things to do with investment, finding an expert in the field is crucial.
When dealing with property purchase outside of your own country, it is even more important to deal with someone who has experience and local knowledge.
Many investors who have gone it alone and who have purchased property 'sight unseen' over the internet have discovered that the few dollars that they have saved themselves, have quickly evaporated before their very eyes.
Some of the most common mistakes people make are:

• Buying a cheap property that is marked for demolition
• Buying in an area that no one wants to rent in
• Buying a house that has been 'flipped'
• Buying a property that owes the state a large amount in 'Back taxes'

Avoiding these traps is not something that can be done remotely and an astute investor needs to either visit the location and properties that they are considering investing in, or engage the services of a qualified and experienced buyer in the area.
Typically the things that will need careful attention are things such as:

• Choosing the right neighborhood
• Ensuring that the property is not marked for demolition, and does not have a large debt
• Obtaining quotes on any refurbishment work that may need to be performed
• Ensuring that once completed, the home will be able to be rented quickly
• Making sure that they have 'Clear Title' to the property
• Ensuring that property management will be handled professionally

Whilst looking at property and deciding which to buy, it is vital that you do as much research as possible into the property.
There are some great free resources to help you, such as Zillow, Trulia and finest expert, as well as Google maps and Google Earth.
The financial implications of each property also play an important role in finding the right overseas investment.
Taxes on each property can vary widely, and will possibly change when you buy the property.
Check this out thoroughly.
Make sure you get a quote on insurance for the property, and ensure that it is a landlords policy.
Also get a dependable rental estimate, and property management fee quotation.
Once the right property has been found and purchased of course, it will be necessary to supervise renovations and tenanting.
If you have chosen to travel to purchase, then all of this can lead to a prolonged stay, which may be a costly exercise and add significantly to the acquisition cost of your property.
Regardless of if you do or do not travel to your chosen country to purchase overseas property, speak to a buyer's agent in the area that you are considering purchasing in.
They will be able to help you find a property that is right for you and should have strong local knowledge of the do's and don'ts in that region.
They should also be able to introduce you to some of their clients to speak to.