-
- ABA. See American Bankers Association
- Acres conversion, 41
- Agricultural land
- Argentina, 86
- cash crops, 86–87
- cash flow, 84–89
- farm management companies, 85–87
- France, 86
- hydroponic farms, 87
- new asset class, 83
- plantations, 87
- Spain, 86
- teak plantations, 88–89, 123–124
- trees for timber, 87–89
- Uruguay, 84–85
- Agricultural markets
- Airbnbs, 64–65, 174
- Allende, Salvador, 18
- American Bankers Association (ABA), 194
- Appreciation, 3–4
- Argentina
- agricultural land, 86
- capital gains tax, 198
- cost of living, 16
- expat market, 16
- ownership restrictions, 178
- part-year living, 16
- politics, 15
- real estate closings, 151
- real estate investment, 15–16
- renovation property, 93
- rental management, 186–187
- title holding, 154
- Asset protection, 49–50
- Australia, hard money loans, 6, 75
-
- Baby Boomers, 18, 35, 114
- Bali, 73
- Bank financing terms, 201
- Belize
- dollar in, 100
- expat market, 17, 182
- healthcare, 17
- property tax, 208
- real estate investment, 16–17
- retirement location, 17
- safety, 16
- Booking.com, 64
- Brazil
- currency restrictions, 193
- dollar in, 103–104
- economy, 17
- Florida comparison, 46
- Maceió, 18
- ownership restrictions, 178
- Portuguese language, 18
- quality of life, 39
- real estate investment, 17–18
- retirement location, 39, 46
- Budgets
- checklist, 203
- European retirement locations, 41
- in overseas property buying steps, 133–135
- renovation property, 94
- Buy-to-flip market, 79–81. See also Preconstruction property
- Dominican Republic, 115–117
- Panama, 113–115
- Poland, 117–118
-
- California, 19, 28, 45, 57
- Capital gains tax, 197, 201
- Argentina, 198
- Colombia, 135
- Croatia, 198
- France, 135, 209
- New Zealand and, 135, 198, 209
- Panama, 154
- rates, 209
- Carrying costs, 205
- Cash flow, 1, 3. See also Gross returns; Net returns
- agricultural land for, 84–89
- cash crops for, 86–87
- long-term rental projections, 73–74
- money in pocket, 2
- nondollar, 4–6
- online math spreadsheet, 199
- from overseas property, 45–47, 49–50
- potential, 7
- return as primary, 189–190
- CD. See Certificate of deposit
- Celtic Tiger, 24, 120, 129, 189
- Certificate of deposit (CD), 197
- Chile
- expat market, 18–19
- La Serena, 18–19
- real estate investment, 18–19
- China, 26, 85, 114
- Closings
- buying step, 151–152
- documents, 148–149
- notary and, 148, 152
- Colombia
- agricultural market, 124
- capital gains tax, 135
- currency restrictions, 193
- development plans, 178
- dollar in, 104–105
- hard-money loans, 77
- Medellin, 19–20, 39, 46, 53, 64, 91–92, 100, 178–179
- property tax, 208
- purchase identification, 144
- real estate agents, 140
- real estate investment, 19–20
- renovation property, 91–92
- short-term rentals, 64
- taxes, 20
- Texas comparison, 45–46
- trees for timber, 89
- zoning, 179
- Contacts network, 137–147
- Cost of living, 11
- Argentina, 16
- Dominican Republic, 116
- Ecuador, 22
- France, 23
- Italy, 25
- Malaysia, 26
- Mexico, 42
- Portugal, 42
- Croatia
- capital gains tax, 198
- lifestyle options, 21
- real estate investment, 13–15, 20–21
- sales agreements, 148
- scenery, 13–14
- title holding, 154
- tourist markets, 14–15
- Curb appeal, 161–162
- Currency. See also Dollar, U.S.
- diversification, 100, 196–197
- euro, 5–6, 105–106, 121
- overseas property factor, 6
- peso, 6, 15, 105
- rate of exchange, 6, 195–196
- restrictions, 193
-
- Day-to-day services, 205
- Developers
- checklist, 205
- developer financing, 58
- experience and support, 173–175
- Ireland, 129
- Diversification, 7–8
- currency, 100, 196–197
- market opportunities, 100–101
- overseas property and, 49–50
- Dollar, U.S., 197
- Dominican Republic
- buy-to-flip market, 115–117
- cost of living, 116
- developer financing, 58
- expat market, 21–22, 116
- hurricane zone, 22
- Las Terrenas, 21–22
- local financing, 56
- quality of life, 116–117
- real estate investment, 21–22
- retirement location, 117
- tax incentives, 117
- tourist infrastructure, 21
- Due diligence checklist
- budget, 203
- carrying costs, 205
- day-to-day services, 205
- developer track record, 205
- HOA, 204
- property access, 204
- property caretaker, 205
- property with purchase, 203
- short-term rental, 204
- zoning rules, 203–204
-
- ECB. See European Central Bank
- Ecuador, 4
- cost of living, 22
- dollar in, 100
- expat market, 22
- healthcare, 22
- population density, 22–23
- quality of life, 40
- real estate investment, 22–23
- retirement location, 22, 38, 40
- EOT. See Esquema de Ordenamiento Territorial
- Escobar, Pablo, 105
- Esquema de Ordenamiento Territorial (EOT), 178
- Euro, 5–6, 105–106, 121
- Europe. See also specific countries
- dollar in, 105–106
- local financing, 56
- retirement locations, 41
- European Central Bank (ECB), 121
- Exit markets, 181–183
- Expat market, 137, 139
- Argentina, 16
- Belize, 17, 182
- Chile, 18–19
- Dominican Republic, 21–22, 116
- Ecuador, 22
- Malaysia, 26
- Mexico, 27–28, 42–43
- Portugal, 31, 42
- resale target, 163
- Spain, 31–32
- Uruguay, 32–33
-
- Farm management companies, 85–87
- Financial crisis of 2008, 1
- Financing. See also Leverage; Money transfers; Mortgages; Purchase negotiation; Taxes
- bank terms, 201
- developer, 58
- hard-money loans, 6, 75–77
- local, 55–56
- from U.S., 57–58
- Fixer-uppers. See Renovation property
- Florida, 46
- Fondo Nacional de Fomento Turismo (FONATUR), 108
- France
- agricultural land, 86
- capital gains tax, 135, 209
- cost of living, 23
- inhabitant tax, 208
- local financing, 56
- long-term rentals, 70
- property tax, 208
- purchase identification, 144–145
- quality of life, 23
- real estate investment, 23
- refinancing in, 122
- rental management, 145, 185–186
- retirement location, 41, 61
- sales agreements, 148
- title holding, 153–154
-
- Gross returns, 73
- net returns comparison, 4
-
- Hard-money loans, 6, 75–77
- Healthcare
- Belize, 17
- Ecuador, 22
- Portugal, 31
- Hectares, 41, 177
- HOA. See Home Owners Association
- Holiday homes, 7, 14–15, 61, 64, 158, 179
- Home Owners Association (HOA)
- Hydroponic farms, 87, 125
-
- IBAN. See International bank account number
- Income tax, 201, 207–208
- Inhabitant tax, 208
- Internal rate of return (IRR), 123
- International bank account number (IBAN), 194
- Ireland
- housing developments, 129
- long-term rentals, 70
- net return in, 189–190
- real estate agents, 129
- real estate investment, 1, 3–4, 23–25
- renovation property, 93
- rental purchase, 24–25
- IRR. See Internal rate of return
- IRS regulations, 47, 121, 197, 207
- Italy
- cost of living, 25
- lifestyle diversity, 25
- local financing, 56
- markets, 106
- Pisa, 26
- Ravenna, 25–26
- real estate investment, 25–26
- retirement location, 41
-
- La Serena, Chile, 18–19
- Lagos, 4–6
- Las Terrenas, Dominican Republic, 21–22
- Legacy, 49–50
- Leverage, 2–4
- overview, 119
- Panama for local, 120
- Portugal for local, 121
- preconstruction property, 79–81
- Spain for local, 121
- Limited liability company (LLC), 155
- liveandinvestoverseas.com/howtodooverseascashflowmath, 199
- liveandinvestoverseas.com/realestatemarketdata, 201
- LLC. See Limited liability company
- Loan-to-value ratio (LTV), 2–4, 55–56, 58, 134
- Local bank accounts, 196–197
- Long-term rentals
- advantages, 69
- Bali, 73
- building and building management, 72–73
- cash flow projection, 73–74
- disadvantages, 70
- France, 70
- Ireland, 70
- market and, 71
- Panama, 71–74
- rental managers, 70–71
- security deposits, 71
- types, 71–72
- Uruguay, 73
- LTV. See Loan-to-value ratio
-
- Malaysia
- cost of living, 26
- expat market, 26
- health care, 27
- real estate investment, 26–27
- Manzanas, 41
- Markets. See also Buy-to-flip market; Expat market; Leverage
- acquisition and disposal costs, 101
- avoid unknown or unresearched, 169–171
- carrying costs, 101
- Croatia tourist, 14–15
- data website at liveandinvestoverseas.com/realestatemarketdata, 201
- diversification opportunity, 100–101
- economic outlook, 99
- evaluation for investment, 99–101
- exit markets, 181–183
- improvement plans, 99–100
- Italy, 106
- long-term rentals and, 71
- supply and demand, 99
- Metric units of measure, 41
- Mexico
- cost of living, 42
- dollar in, 100
- expat market, 27–28, 42–43
- Mazatlan, 39, 42–43
- Playa del Carmen, 107–108
- real estate investment, 27–28
- retirement location, 28, 39, 42–43
- safety, 108
- tourist rental property, 107–108
- MLS. See Multiple listing service
- Money transfers
- currency restrictions, 193
- local bank account, 196–197
- overview, 193–195
- property exit sale, 197–198
- rate of exchange and, 195–196
- real estate attorneys, 194
- taxes and, 197–198
- 1031 like-kind exchange and, 198
- wire transfers, 193–194
- Montenegro, 1
- Mortgages, 55–56
- mortgage brokers, 122
- Panama, 120
- Portugal, 121
- Multiple listing service (MLS), 85
-
- Net returns, 70, 73, 189, 190
- gross returns comparison, 4
- New Zealand
- capital gains tax and, 135, 198, 209
- like-kind exchange, 198
- Nicaragua
- crisis investment opportunity, 28
- dollar in, 100
- real estate investment, 28–29
- retirement location, 40
- Nondollar cash flow, 4–6
- Notaries
-
- Off-plan buying, 79. See also Preconstruction property
- onlineconversion.com/area.htm, 41
- Other people's money (OPM), 2–3, 119
- Overseas property. See also Agricultural land; Preconstruction property; Renovation property
- cash flow from, 45–47, 49–50
- currency factor, 6
- diversification, asset protection, legacy, and, 49–50
- exit sale, 197–198
- Florida compared to Brazil, 46
- ownership restrictions, 201
- privacy and, 47
- property access, 204
- property caretaker, 205
- retirement locations, 35–36
- South Carolina compared to Portugal, 46–47
- taxes and, 50
- Texas compared to Colombia, 45–46
- Overseas property, avoiding loss
- avoid unknown or unresearched markets, 169–171
- confirm developer experience and support, 173–175
- know exit market, 181–183
- manage rental manager, 185–187
- net return as primary, 189–190
- overview, 167
- understand local laws and bureaucracy, 177–179
- Overseas property, buying steps
- administrative infrastructure checklist, 142
- budget and round-trip costs, 133–135
- contacts network, 137–147
- deal closure, 151–152
- overview, 129
- purchase identification, 143–145
- purchase negotiation, 147–149
- tax management, 157–158
- three locations research, 131–132
- title holding, 153–155
-
- Panama
- agricultural market, 123–124
- buy-to-flip market, 113–115
- capital gains tax, 154
- China ties, 114
- curb appeal, 161
- developer financing, 58
- dollar in, 100
- health care, 29
- income tax, 208
- local financing, 56
- local leverage, 120
- long-term rentals, 71–74
- mortgages, 120
- Panamanian yuppie, 115
- preconstruction property, 80–81
- property registry, 149
- property tax, 157, 208
- real estate investment, 29
- residency program, 114
- retirement location, 19, 37
- teak plantations, 88–89
- title holding, 153
- Peso, 6, 15, 105
- PMI. See Private mortgage insurance
- Poland, 117–118
- Ponzi schemes, 129
- Portugal
- Algarve region, 30–31, 42, 110
- cost of living, 42
- exit market, 181–182
- expat market, 31, 42
- healthcare, 31
- income tax, 208
- local financing, 56
- local leverage, 121
- mortgages, 121
- property taxes, 158
- real estate investment, 29–31
- retirement location, 42
- sales agreements, 148
- South Carolina comparison, 46–47
- tourist rental property, 109–110
- zoning, 179
- Preconstruction property
- Dominican Republic, 115–117
- leverage, 79–81
- Panama, 80–81, 113–115
- Poland, 117–118
- Spain, 79–80
- Private mortgage insurance (PMI), 55
- Professional photography, 162
- Property taxes, 157–158, 201, 208
- Purchase identification, 143–145
- Purchase negotiation
- closing documents, 148–149
- down payments, 149
- offer, 147
- sales agreement, 147–148
- timing, 149
-
- Rais, 41
- Rate of exchange, 6, 195–196
- Ravenna, Italy, 25–26
- Real estate agents, 1, 66
- Colombia, 140
- coverage by, 109–110
- fees, 201
- in-country network, 137–142
- in-person meetings, 132
- Ireland, 129
- local, 5, 76
- Real estate attorneys, 76–77, 131–133
- availability, 148
- checklist, 141
- English speaking, 139
- fees, 134, 201
- in-country network, 137–142
- local, 144, 193, 196
- for money transfers, 194
- Real estate collapse, 2008, 81, 83, 169, 181, 190
- Real estate investment. See also Overseas property
- Argentina, 15–16
- for average person, 53
- Belize, 16–17
- Brazil, 17–18
- Chile, 18–19
- Colombia, 19–20, 45–46
- cost of living and, 11
- Croatia, 13–15, 20–21
- Dominican Republic, 21–22
- Ecuador, 22–23
- France, 23
- global, 1
- holiday homes, 14–15
- Ireland, 1, 3–4, 23–25
- Italy, 25–26
- Malaysia, 26–27
- Mexico, 27–28
- Nicaragua, 28–29
- Panama, 19, 29
- Portugal, 29–31, 46–47
- Spain, 31–32
- uncertainty, 7–8
- Uruguay, 32–33
- Registration fees, 201
- Renovation property
- architectural plans, 96
- Argentina, 93
- budget with surrounding market, 94
- Colombia, 91–92
- contractors, 96
- geography and, 96
- Ireland, 93
- local materials and methods, 95
- location, 93
- partial payments, 96
- presence on, 95
- resale buyers or renters, 94
- structure checks, 94
- time and expense for, 92, 96
- value-adding items for, 94–95
- Rental management/managers
- Argentina, 186–187
- farm management companies, 85–87
- France, 145, 185–186
- in-country contacts, 137–142
- long-term rentals, 70–71
- management of, 185–187
- short-term rentals, 66–68
- Rental yield, 1–4, 74, 102, 105, 110, 143, 205
- Resale tips
- avoiding common, 161
- curb appeal, 161–162
- patience practice, 162
- professional photography for ads, 162
- season timing, 163
- self listing, 163
- targeting expats, 163
- watching competition, 163
- Retirement locations, 14
- Belize, 17
- Brazil, 39, 46
- Dominican Republic, 117
- Ecuador, 22, 38, 40
- European budget options, 41
- France, 41, 61
- Italy, 41
- lifestyle choice, 61
- Mexico, 28, 39, 42–43
- Nicaragua, 40
- overseas property, 35–36
- own or rent, 37–38
- Panama, 19, 37
- Portugal, 42
- quality of life, 36
- on $700 per month, 40
- tips for buying, 39–40
- Uruguay, 38
- Retirement Revolution, 36
- Round-trip costs, 133–135
-
- Sales agreements, 147–148
- Schengen rules, 106
- Security deposits, 66, 71
- Short-term rentals, 203
- Airbnbs, 64–65
- checklist, 204
- Colombia, 64
- disadvantages, 69
- expenses, 65–66
- rental managers, 66–68
- shopping for, 63–64
- Uruguay, 64
- Social Security, 35–36
- South Carolina, 46–47
- Spain
- agricultural land, 86
- agricultural market, 124
- Costa Tropical, 32
- exit market, 181
- expat market, 31–32
- local financing, 56
- local leverage, 121
- preconstruction property, 79–80
- tourist rental property, 108–110
- zoning, 179
- Spousal Effect, 92
- SWIFT numbers, 194
-
- Taxes. See also Capital gains tax
- Colombia, 20
- incentives, Dominican Republic, 117
- income, 201, 207–208
- inhabitant tax, 208
- money transfers and, 197–198
- overseas property and, 50
- property, 157–158, 201, 208
- tax management, 157–158
- 1031 like-kind exchange, 198
- transfer, 133–135
- withholding taxes, 4, 133–134, 158, 201
- Teak plantations, 88–89, 123–124
- 1031 like-kind exchange, 198
- Texas, 45–46, 57
- Title holding, 153–155, 177–178
- Tourist rental property, 107–111
- Transfer taxes, 133–135
- Trees for timber, 87–89. See also Teak plantations
- 2% investing, 3–4
-
- Uruguay
- agricultural land, 84–85
- Costa de Oro, 33
- expat market, 32–33
- long-term rentals, 73
- real estate investment, 32–33
- retirement location, 38
- short-term rentals, 64
-
- Vacation Rentals by Owner (VRBO), 64, 174
-
- Websites
- acres conversion, 41
- Booking.com, 64
- liveandinvestoverseas.com/howtodooverseascashflowmath, 199
- liveandinvestoverseas.com/realestatemarketdata, 201
- onlineconversion.com/area.htm, 41
- Zillow, 132
- Withholding taxes, 4, 133–134, 158, 201
-
- Zillow website, 132
- Zoning, 177–179
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