Buy real estate overseas to earn cash flow to fund your dream retirement
In Buying Real Estate Overseas For Cash Flow (And A Better Life): Get Started With As Little As $50,000, Kathleen Peddicord and Lief Simon explain how to incorporate an investment in foreign real estate into your portfolio for as little as $50,000. With a lifetime of experience on the subjects of living, retiring, and investing overseas, the authors delve deep into this complex topic. Simply put, this book is a practical guide to buying property overseas as a strategy for earning cash flow to fund your dream retirement.
In the book, the authors cover topics as wide-ranging as:
- How to build the cash flow you need to fund the retirement you want
- 8 markets offering the best current cash-flow opportunities
- How to move money across borders in today’s post-FATCA world
- Plus: How to run the numbers to evaluate a potential cash-flow investment
Buying Real Estate Overseas includes a breadth and depth of information on the world’s best markets for investing in real estate for cash flow. Its up-to-date information about this investment category puts to bed much of the outdated advice and guidance currently available in published materials.
The authors identify several hot, new markets where currency valuations and market conditions make the purchase of real estate an extremely wise investment decision in today’s volatile investment climate.
Table of Contents
Preface xi
Introduction: Earning Cash Flow from Real Estate Overseas is the Same as Earning Cash Flow from Real Estate at Home … with These Three Important Differences 1
I Buying Real Estate Overseas is Not Only a Top Cash-flow Strategy - It’s Also a Sure Way to Improve Your Lifestyle 9
1 Buy Overseas to Make Travel and Adventure Part of Your Life Right Now 13
2 Cash Flow from Property Overseas Can Fund Your Dream Retirement 35
3 Cash Flow from Property Overseas Can Pay for a Second Home You’d Never Be Able to Afford at Home 45
4 Cash Flow from Property Overseas Can Make You Rich (While Creating Diversification, Asset Protection, and a Legacy for Your Heirs) 49
II Start with This Key Question: How Much Can You Afford? 51
5 Consider Local Financing Options (If They Exist) and How You Can Qualify 55
6 Consider Shopping for Financing Back Home or with the Developer 57
III Six Strategies for Earning Cash Flow from Property Overseas 59
7 Short-term Rentals - Airbnb is a Double-edged Sword 63
8 Long-term Rentals - Here’s the Single Secret to Success and Maximum Return 69
9 Hard Money Loans - Earn Double-digit Returns Helping Other Investors 75
10 Preconstruction - Buy Before the Property is Built to Leverage and Flip and Multiply Your Return 79
11 Agriculture - Buy Land to Rent to a Farmer 83
12 Fixer-upper - Make Money While Learning the Local History, Language, and Culture (If You Can Survive the Experience) 91
IV World’s Top Cash Flow Markets - Where to Buy Whether You Have $50,000, $250,000, or $1 Million to Invest 97
13 Where a Strong Dollar Creates Opportunity 103
14 Where Tourists Rule 107
15 Where You Can Buy Preconstruction to Flip or Rent 113
16 Where You Can Leverage 119
17 Where a Productive Land Investment (of Less Than $50,000) Can Deliver Regular Pension Checks for the Rest of Your Life 123
V How to Buy Real Estate Overseas in Eight Easy Steps 127
18 Do Your Research and Identify Three Destinations That Fit Your Budget and Your Lifestyle Goals 131
19 Figure Your Budget, Including the Round-trip Costs of Buying and Selling 133
20 Build an In-country Network of Reliable Contacts 137
21 Identify a Purchase 143
22 Negotiate the Purchase 147
23 Close the Deal 151
24 Take Title 153
25 Manage the Asset - Understanding Your Tax Obligations as an Overseas Property Investor 157
VI How to Sell for Top Dollar 159
VII How Not to Lose Money - Confessions of a Couple of Overseas Property Investors Who Have Made Costly Mistakes 165
26 Don’t Be Tempted to Take a Second Bite 169
27 Know Who You’re Buying With 173
28 Understand the Local Bureaucracy 177
29 Be Sure of Your Exit Market 181
30 Manage Your Rental Manager 185
31 Remember the Fundamentals 189
VIII What Every Overseas Property Buyer Needs to Know About Transferring Money Across Borders in Our Post-FATCA, Anti-money-laundering Age 191
Appendix A: How to Do Overseas Cash-flow Math 199
Appendix B: Market Data 201
Appendix C: Due Diligence Checklist 203
Appendix D: Understanding Your Tax Burden 207
Acknowledgments 211
Index 213
