Buying Real Estate Overseas For Cash Flow (And A Better Life)

Buying Real Estate Overseas For Cash Flow (And A Better Life)

by Kathleen Peddicord, Lief Simon
Released August 2020
Publisher(s): Wiley
ISBN: 9781119696209

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Book description

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 Its up-to-date information about this investment category puts to bed much of the outdated advice and guidance currently available in published materials.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

  1. Cover
  2. Preface
    1. The Crisis Will Create a Supercharged U.S. Dollar
    2. How Long Until Tourist Rental Markets Recover?
    3. Look for More Seller Financing Options
    4. Buy on These Dips
    5. The Winningest of All Cash-Flow Investments Overseas
    6. Three Countries We like Best Post-Pandemic
    7. #1: Portugal's Algarve Coast
    8. #2: Mazatlan, Mexico
    9. #3: Cayo, Belize
    10. The Surest Strategy in the Race to Wealth, Health, Freedom, and Security
  3. Introduction
    1. What Frank Lloyd Wright Taught Us About Other People's Money
    2. Never Invest for 2% Thinking Appreciation Will Make Up the Difference
    3. Ignore Gross Returns Because It's Only the Net That Matters
    4. Nondollar Cash Flow Can Fund Local Adventures
    5. The Currency Factor
    6. However, This Is Not Only About the Money
    7. Could You Really Do This?
  4. I: Buying Real Estate Overseas Is Not Only a Top Cash-flow Strategy—It's Also a Sure Way to Improve Your Lifestyle
    1. 1 Buy Overseas to Make Travel and Adventure Part of Your Life Right Now
      1. Argentina
      2. Belize
      3. Brazil
      4. Chile
      5. Colombia
      6. Croatia
      7. Dominican Republic
      8. Ecuador
      9. France
      10. Ireland
      11. Italy
      12. Malaysia
      13. Mexico
      14. Nicaragua
      15. Panama
      16. Portugal
      17. Spain
      18. Uruguay
    2. 2 Cash Flow from Property Overseas Can Fund Your Dream Retirement
      1. Owning Versus Renting
      2. Rent-Free Retirement
      3. Lee's Overseas Retirement Adventure
      4. How to Buy for Retirement
      5. Are You Ready to Go Local? If Yes, You Could Retire Well on as Little as $700 per Month in These Two Places
      6. Best Budget Options in Europe
      7. Two Places to Live the American Retirement Dream Overseas
    3. 3 Cash Flow from Property Overseas Can Pay for a Second Home You'd Never Be Able to Afford at Home
      1. Texas Versus Colombia
      2. Florida Versus Brazil
      3. South Carolina Versus Portugal
    4. 4 Cash Flow from Property Overseas Can Make You Rich (While Creating Diversification, Asset Protection, and a Legacy for Your Heirs)
  5. II: Start with This Key Question: How Much Can You Afford?
    1. 5 Consider Local Financing Options (If They Exist) and How You Can Qualify
    2. 6 Consider Shopping for Financing Back Home or with the Developer
  6. III: Six Strategies for Earning Cash Flow from Property Overseas
    1. 7 Short-term Rentals—Airbnb Is a Double-edged Sword
    2. 8 Long-term Rentals—Here's the Single Secret to Success and Maximum Return
      1. Your Rental Investment Will Not Be Successful without These Three Things
      2. You're Also Buying the Building
      3. How to Project Rental Cash Flow
    3. 9 Hard Money Loans—Earn Double-digit Returns Helping Other Investors
    4. 10 Preconstruction—Buy Before the Property Is Built to Leverage and Flip and Multiply Your Return
    5. 11 Agriculture—Buy Land to Rent to a Farmer
      1. Uruguay—The World's Best Place to Earn Cash Flow from Farmland
      2. Annual Cash Crops for Turnkey Farming Cash Flow
      3. When Cash Flow Grows on Trees
    6. 12 Fixer-upper—Make Money While Learning the Local History, Language, and Culture (If You Can Survive the Experience)
      1. 1: Location Is Still King
      2. 2: Identify Your Potential Resale Buyer or Renter
      3. 3: Check the Structural Basics
      4. 4: Set Your Target Budget in Keeping with the Surrounding Market
      5. 5: Spend on Items That Produce a Return
      6. 6: As Much as Possible, Go Local for Materials and Methods
      7. 7: Be There While the Work Is Going On
      8. 8: Have the Money Before You Start the Work
      9. 9: Vet the Contractor
      10. 10: Invest in Plans
      11. 11: Consider the Geography
      12. 12: Always Hold Back Partial Payment
  7. IV: World's Top Cash Flow Markets—Where to Buy Whether You Have $50,000, $250,000, or $1 Million to Invest
    1. 13 Where a Strong Dollar Creates Opportunity
      1. Strong Dollar Buy #1: Brazil
      2. Strong Dollar Buy #2: Colombia
      3. Strong Dollar Buy #3: Euroland
    2. 14 Where Tourists Rule
      1. Top Tourist Rental Buy #1: Mexico
      2. Top Tourist Rental Buy #2: Spain
      3. Top Tourist Rental Buy #3: Portugal
    3. 15 Where You Can Buy Preconstruction to Flip or Rent
      1. Top Buy-to-Flip Market #1: Panama
      2. Top Buy-to-Flip Market #2: Dominican Republic
      3. Top Buy-to-Flip Market #3: Poland
    4. 16 Where You Can Leverage
      1. Top Market for Local Leverage #1: Panama
      2. Top Market for Local Leverage #2: Portugal
      3. Top Market for Local Leverage #3: Spain
    5. 17 Where a Productive Land Investment (of Less Than $50,000) Can Deliver Regular Pension Checks for the Rest of Your Life
      1. Top Market for Agriculture #1: Panama
      2. Top Market for Agriculture #2: Colombia
      3. Top Market for Agriculture #3: Spain
  8. V: How to Buy Real Estate Overseas in Eight Easy Steps
    1. 18 Do Your Research and Identify Three Destinations That Fit Your Budget and Your Lifestyle Goals
    2. 19 Figure Your Budget, Including the Round-trip Costs of Buying and Selling
    3. 20 Build an In-country Network of Reliable Contacts
    4. 21 Identify a Purchase
    5. 22 Negotiate the Purchase
    6. 23 Close the Deal
    7. 24 Take Title
    8. 25 Manage the Asset—Understanding Your Tax Obligations as an Overseas Property Investor
  9. VI: How to Sell for Top Dollar
    1. Resale Tip #1: Don't Buy Common
    2. Resale Tip #2: Remember the Importance of Curb Appeal
    3. Resale Tip #3: Be Patient
    4. Resale Tip #4: Invest in Professional Photography
    5. Resale Tip #5: Pick Your Season
    6. Resale Tip #6: Write Your Own Listing
    7. Resale Tip #7: Pay Attention to Your Competition
    8. Resale Tip #8: Target the Expat Market
  10. VII: How Not to Lose Money—Confessions of a Couple of Overseas Property Investors Who Have Made Costly Mistakes
    1. 26 Don't Be Tempted to Take a Second Bite
    2. 27 Know Who You're Buying With
    3. 28 Understand the Local Bureaucracy
    4. 29 Be Sure of Your Exit Market
    5. 30 Manage Your Rental Manager
    6. 31 Remember the Fundamentals
  11. VIII: What Every Overseas Property Buyer Needs to Know About Transferring Money Across Borders in Our Post-FATCA, Anti-money-laundering Age
    1. Sometimes It Makes Sense to “Buy Ahead”
    2. How and Why to Open a Local Bank Account Overseas
    3. When You Exit
    4. Can You Use the Proceeds in a 1031 Like-Kind Exchange?
  12. Appendix A: How to Do Overseas Cash-flow Math—www.liveandinvestoverseas.com/howtodooverseascashflowmath
  13. Appendix B: Market Data
  14. Appendix C: Due Diligence Checklist
    1. What Is Your Budget?
    2. What Comes with the Property?
    3. What Are the Zoning Rules?
    4. What Is Your Access?
    5. Is There an HOA?
    6. How Much Is the HOA Fee?
    7. Are You Allowed to Rent Short Term?
    8. How Far Away Are Day-to-Day Services?
    9. What Are the Total Carrying Costs?
    10. If You're Buying a Second Home without Intending to Rent It, Who Will Watch the Property When You're Not There?
    11. Does the Development Company Have a Track Record?
  15. Appendix D: Understanding Your Tax Burden
    1. Income Tax
    2. Property Tax
    3. Capital Gains Tax
  16. Acknowledgments
  17. Index
  18. End User License Agreement

Product information

  • Title: Buying Real Estate Overseas For Cash Flow (And A Better Life)
  • Author(s): Kathleen Peddicord, Lief Simon
  • Release date: August 2020
  • Publisher(s): Wiley
  • ISBN: 9781119696209