My first investment overseas was in Saint Petersburg Russia in 1999. I bought a small Communal flat. About 40 square meters(400 scare feet). Everyone in Russia told me I was crazy and I did not know what I was doing, including my wife. But as we all know location location location. The flat was only one block from the Winter Palace on the main street Nevsky Prospect, this would equivalent to Time Square in new York. Paid $15,000 and got all money back in one year from rent. No property tax. So holding cost was next to none. In the end sold the property for about $300,000. Plus earned rent doing the whole time. This so far has been my best investment to date. Over 2000% return
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