Оглавление
Kathleen Peddicord. Buying Real Estate Overseas For Cash Flow (And A Better Life)
Table of Contents
Guide
Pages
BUYING REAL ESTATE OVERSEAS FOR CASH FLOW (AND A BETTER LIFE)
Preface
The Crisis Will Create a Supercharged U.S. Dollar
How Long Until Tourist Rental Markets Recover?
Look for More Seller Financing Options
Buy on These Dips
The Winningest of All Cash-Flow Investments Overseas
Three Countries We like Best Post-Pandemic
#1: Portugal's Algarve Coast
Year-Round Sunshine
Safety
Good Infrastructure
International Standard Health Care
Golf
Great Beaches
Affordable Cost of Living
The Language
Healthy Living
Retiree Residency
#2: Mazatlan, Mexico
Familiarity
Language
Property Markets
Easy Residency
Keep Your Medicare
The Cost of Living
#3: Cayo, Belize
Reliable Water Sources
Energy Independence
Low Population Density
English Speaking
Great Weather
Little Crime
The Surest Strategy in the Race to Wealth, Health, Freedom, and Security
Introduction
What Frank Lloyd Wright Taught Us About Other People's Money
Never Invest for 2% Thinking Appreciation Will Make Up the Difference
Ignore Gross Returns Because It's Only the Net That Matters
Nondollar Cash Flow Can Fund Local Adventures
The Currency Factor
However, This Is Not Only About the Money
Could You Really Do This?
I Buying Real Estate Overseas Is Not Only a Top Cash-flow Strategy—It's Also a Sure Way to Improve Your Lifestyle
1 Buy Overseas to Make Travel and Adventure Part of Your Life Right Now
Argentina
Belize
Brazil
Chile
Colombia
Croatia
Dominican Republic
Ecuador
France
Ireland
Italy
Malaysia
Mexico
Nicaragua
Panama
Portugal
Spain
Uruguay
2 Cash Flow from Property Overseas Can Fund Your Dream Retirement
Owning Versus Renting
Rent-Free Retirement
Lee's Overseas Retirement Adventure
How to Buy for Retirement
Are You Ready to Go Local? If Yes, You Could Retire Well on as Little as $700 per Month in These Two Places
Best Budget Options in Europe
Top Tip from Lief. Meters and Measures
Two Places to Live the American Retirement Dream Overseas
World's Best Place to Retire Overseas: Algarve, Portugal
World's Other Best Place to Retire Overseas: Mazatlan, Mexico
3 Cash Flow from Property Overseas Can Pay for a Second Home You'd Never Be Able to Afford at Home
Texas Versus Colombia
Florida Versus Brazil
South Carolina Versus Portugal
Top Tip from Kathleen. No One Needs to Know, Not Even the IRS
4 Cash Flow from Property Overseas Can Make You Rich (While Creating Diversification, Asset Protection, and a Legacy for Your Heirs)
Top Tip from Lief. Potentially Tax Deductible
II Start with This Key Question: How Much Can You Afford?
5 Consider Local Financing Options (If They Exist) and How You Can Qualify
6 Consider Shopping for Financing Back Home or with the Developer
III Six Strategies for Earning Cash Flow from Property Overseas
7 Short-term Rentals—Airbnb Is a Double-edged Sword
Top Tip from Kathleen
8 Long-term Rentals—Here's the Single Secret to Success and Maximum Return
Top Tip from Lief
Your Rental Investment Will Not Be Successful without These Three Things
You're Also Buying the Building
How to Project Rental Cash Flow
9 Hard Money Loans—Earn Double-digit Returns Helping Other Investors
Top Tip from Lief
10 Preconstruction—Buy Before the Property Is Built to Leverage and Flip and Multiply Your Return
Top Tip from Lief
11 Agriculture—Buy Land to Rent to a Farmer
Top Tip from Lief
Uruguay—The World's Best Place to Earn Cash Flow from Farmland
Annual Cash Crops for Turnkey Farming Cash Flow
Top Tip from Kathleen
When Cash Flow Grows on Trees
Top Tip from Kathleen
12 Fixer-upper—Make Money While Learning the Local History, Language, and Culture (If You Can Survive the Experience)
1: Location Is Still King
2: Identify Your Potential Resale Buyer or Renter
3: Check the Structural Basics
4: Set Your Target Budget in Keeping with the Surrounding Market
5: Spend on Items That Produce a Return
6: As Much as Possible, Go Local for Materials and Methods
7: Be There While the Work Is Going On
8: Have the Money Before You Start the Work
9: Vet the Contractor
10: Invest in Plans
11: Consider the Geography
12: Always Hold Back Partial Payment
IV World's Top Cash Flow Markets—Where to Buy Whether You Have $50,000, $250,000, or $1 Million to Invest
Top Tip from Kathleen
13 Where a Strong Dollar Creates Opportunity
Strong Dollar Buy #1: Brazil
Strong Dollar Buy #2: Colombia
Strong Dollar Buy #3: Euroland
14 Where Tourists Rule
Top Tourist Rental Buy #1: Mexico
Top Tourist Rental Buy #2: Spain
Top Tip from Kathleen
Top Tourist Rental Buy #3: Portugal
Top Tip from Lief
15 Where You Can Buy Preconstruction to Flip or Rent
Top Buy-to-Flip Market #1: Panama
Top Buy-to-Flip Market #2: Dominican Republic
Top Buy-to-Flip Market #3: Poland
16 Where You Can Leverage
Top Market for Local Leverage #1: Panama
Top Market for Local Leverage #2: Portugal
Top Market for Local Leverage #3: Spain
17 Where a Productive Land Investment (of Less Than $50,000) Can Deliver Regular Pension Checks for the Rest of Your Life
Top Market for Agriculture #1: Panama
Top Market for Agriculture #2: Colombia
Top Market for Agriculture #3: Spain
Top Tip from Lief. Investing in Agriculture Without the Land
V How to Buy Real Estate Overseas in Eight Easy Steps
18 Do Your Research and Identify Three Destinations That Fit Your Budget and Your Lifestyle Goals
19 Figure Your Budget, Including the Round-trip Costs of Buying and Selling
20 Build an In-country Network of Reliable Contacts
21 Identify a Purchase
22 Negotiate the Purchase
23 Close the Deal
24 Take Title
25 Manage the Asset—Understanding Your Tax Obligations as an Overseas Property Investor
VI How to Sell for Top Dollar
Resale Tip #1: Don't Buy Common
Resale Tip #2: Remember the Importance of Curb Appeal
Top Tip from Lief. Curb Appeal Is Important When Renting, Too
Resale Tip #3: Be Patient
Resale Tip #4: Invest in Professional Photography
Resale Tip #5: Pick Your Season
Resale Tip #6: Write Your Own Listing
Resale Tip #7: Pay Attention to Your Competition
Resale Tip #8: Target the Expat Market
VII How Not to Lose Money—Confessions of a Couple of Overseas Property Investors Who Have Made Costly Mistakes
26 Don't Be Tempted to Take a Second Bite
Lesson Learned
27 Know Who You're Buying With
Lesson Learned
28 Understand the Local Bureaucracy
Lesson Learned
29 Be Sure of Your Exit Market
Lesson Learned
30 Manage Your Rental Manager
Lesson Learned
31 Remember the Fundamentals
Lesson Learned
VIII What Every Overseas Property Buyer Needs to Know About Transferring Money Across Borders in Our Post-FATCA, Anti-money-laundering Age
Sometimes It Makes Sense to “Buy Ahead”
How and Why to Open a Local Bank Account Overseas
When You Exit
Can You Use the Proceeds in a 1031 Like-Kind Exchange?
Appendix A How to Do Overseas Cash-flow Math—www.liveandinvestoverseas.com/howtodooverseascashflowmath
Appendix B Market Data
Appendix C Due Diligence Checklist
What Is Your Budget?
What Comes with the Property?
What Are the Zoning Rules?
What Is Your Access?
Is There an HOA?
How Much Is the HOA Fee?
Are You Allowed to Rent Short Term?
How Far Away Are Day-to-Day Services?
What Are the Total Carrying Costs?
If You're Buying a Second Home without Intending to Rent It, Who Will Watch the Property When You're Not There?
Does the Development Company Have a Track Record?
Appendix D Understanding Your Tax Burden. Income Tax
Property Tax
Capital Gains Tax
Acknowledgments
Index
WILEY END USER LICENSE AGREEMENT
