How To Buy Your Dream Home Overseas
Why would you want to buy a piece of real estate overseas?
This is the first question we tackle every year at Lief Simon’s Global Property Summit. And, it’s an important one whether you’re looking for a full- or part-time home in another country… or shopping purely for an investment opportunity…
The big advantage of real estate anywhere, of course, is that it’s a hard asset—a real and long-term store of wealth. But why real estate overseas, specifically?
In a nutshell… you’re giving yourself the gift of diversification. When you purchase a piece of property in another country, you’re achieving diversification of market, of economy, of political regime, and of currency. Everything everywhere is cycling all the time, but the cycles are all different. Some markets are booming while others are in crisis. Currencies are always up or down one to the other, but the ups and downs are ever-moving targets. By spreading your property portfolio around, you can insulate against the downs.
Owning real estate overseas can also:
- Provide income and cash flow in another currency…
- Make it possible for you to establish easy residency in the country where you’re invested…
- Allow you to keep your assets private and protected (against litigation, an ex-spouse, or an unhappy business partner, for example)…
And, there’s never a better time to get started than now…
We’ve just officially opened registration for our 2018 Global Property Summit. As always, we’ve built the program for this year’s summit around a series of panel discussions…
There’s no right way—nor one single way—to buy real estate in another country or to build a diversified global property portfolio. The options are many, and so are the variables. That’s why, for these three days next March 14–16, we’ll have our best qualified global property experts together onstage to reveal what’s worked for them. They’ll not only tell you of their glowing successes… but of the epic mistakes they’ve made along the way, too… all to better prepare you for the road ahead.
Leading up the discussions will be Lief Simon and Lee Harrison—both seasoned international property investors… and each with his own approach…
“In my case, buying real estate overseas has allowed me and my wife to realize a dream retirement lifestyle,” Lee told attendees at our last summit. “For us, the investment aspect is important but at least as important is the personal side of any purchase. We buy in places we like and where we want to spend time. That’s the driving factor behind every investment we make.”
Lief’s story ran differently…
“I’ve bought real estate of all kinds in 22 countries and right now, I hold property in 13 countries. In some cases, the levels of management required and of administrative hassle are great. I’ve reached my hassle-factor limit and am in the process of consolidating.”
What’s the ideal diversification? Impossible to answer a question like that… but here’s a glimpse at what Lief and Lee would recommend purchasing today with US$150,000.
Here’s how Lee’s portfolio breaks down:
- A rental in Cuenca, Ecuador, which would provide cash flow and steady appreciation while qualifying you for this country’s investor visa;
- An investment in teak, which would be a long-term store of value (historically, timber is the world’s best performing asset class);
- A mango investment in Panama, which would provide cash flow (starting after year four) and would qualify you for residency in Panama if you wanted it.
Lief’s portfolio also includes mangos and teak (agriculture should be part of every property investor’s portfolio today), as well as:
- A French château leaseback;
- Shares of a real estate investment fund;
- An apartment in Medellín, Colombia.
Together, over three days in Panama City, we’ll be looking closely at more than two-dozen current investment options, many turnkey and as hassle-free as it gets, from the Caribbean, throughout Central and South America, and in Europe, too… where, thanks to a favorable dollar, you are, right now, in a prime position to secure your property at the most affordable price in more than a decade.
If you’re serious about owning a property overseas, I urge you to join this special gathering in Panama City next March when we’ll help you put your plans in place without delay.
Overseas real estate is the smartest investment of our age. Get started here (and use coupon code gpsconf50 to save an extra US$50 on your seat).
Valentine Fouché
