Real estate is about timing. Where I’m at, the housing market is red hot when just a few years ago most homes were “under the water.” I never knew that it’s possible to become a successful landlord in a foreign country but now I can attest to the fact it’s a very lucrative business. The situation might change as housing inventory increases, the price of lumber decreases or they change the zoning laws. Your father is a wise man. Infact right now when the economy is down might be the best time to scoop cheap properties and land in kenya.
Not a smart move. Successful businesses diversify for sustainability, profitability and resilience.