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How to Buy Real Estate Overseas

ISBN: 978-1-118-51859-5
248 pages
April 2013
How to Buy Real Estate Overseas (1118518594) cover image

Description

Practical advice on how to enjoy the unique benefits and avoid the pitfalls of investing in real estate abroad

In the current uncertain investment climate, foreign real estate represents a more important opportunity than ever before, for both the investor who wants to move a portion of their wealth abroad and the retiree looking for affordable living options. How to Buy Real Estate Overseas explains one of the best options available today for diversification, asset protection, and a safe haven for wealth. Foreign property is a hard asset that, unlike stocks, for example, can't go bankrupt and collapse to zero.

This book is an expert guide to the advantages and the challenges of investing in real estate overseas.

Author Kathleen Peddicord, an American currently based in Panama, is considered the world's foremost authority on overseas retirement and foreign property investment. She has traveled to more than 50 countries, invested in real estate in 18, established businesses in 7, renovated historic properties in 6, and educated her children in 4. She knows from personal experience how foreign real estate can appreciate significantly over time, throw off an annual cash flow, and provide personal enjoyment for you and your family.

An investment in a piece of real estate in a foreign country is a chance for both profit and fun. How to Buy Real Estate Overseas offers practical advice on how to find great deals, buy and manage property profitably in unfamiliar and potentially volatile foreign markets.

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Table of Contents

I Launching Your Overseas Property Adventure 1

1 This Isn’t Only about Making Money 9

2 Buy Overseas to Diversify Your Assets, Protect Your Wealth, and Avoid Taxes while Creating Cash Flow and Profits 17

3 Buy Overseas to Save Your Retirement 25

4 Buy Overseas to Make Travel and Adventure Part of Your Life Right Now 35

II How to Target Where to Buy: Five Strategies for Choosing a Property Market Overseas 41

5 Buy Crisis Opportunity 45

6 Buy for the Income 61

7 Buy Growth 73

8 Buy Agri-Profits 95

9 Buy Where Your Heart and Your Wanderlust Lead You—20 Countries to Consider 105

III You’re Not in Kansas Anymore: Eight Unexpected Realities of Buying Real Estate Overseas and How to Prepare for Them 131

10 Don’t Count on Leverage 135

11 Don’t Expect Comps 139

12 Google Isn’t Always Your Friend 143

13 Why Net Pricing Is a Dirty Word 147

14 You’re a Gringo—Get Over It 149

15 Rights of Possession and Other Ownership Concerns 151

16 Sometimes Really Cheap Isn’t a Good Deal 157

17 Margarita Madness and How to Avoid It 161

IV How to Buy Real Estate Overseas: Eight Easy Steps 165

18 Get on a Plane 169

19 Figure Your Budget 171

20 Build an In-Country Network of Reliable Contacts 175

21 Identify a Purchase 181

22 Negotiate the Purchase 183

23 Close the Deal 187

24 Take Title 191

25 Manage the Asset 195

V What Every Overseas Property Buyer Needs to Know about Moving Money around the World 199

VI Where Not to Buy: Markets Perhaps Better Avoided 209

Appendix A Market Data 215

Appendix B Due Diligence Checklist 233

Acknowledgments 237

Index 239

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Author Information

KATHLEEN PEDDICORD was publisher and editor-in-chief of the International Living group for twenty-three years. Today, she is publisher and editor-in-chief for her own Live and Invest Overseas group (LiveandInvestOverseas.com). She writes a weekly retire-overseas blog for U.S. News & World Reports, another for Huffington Post, and is regularly quoted by news outlets including the New York Times, Money magazine, the Economist, Kiplinger, and AARP. She has traveled to more than fifty countries, invested in real estate in twenty, established businesses in seven, renovated historic properties in six, and educated her children in four. She now lives with her family in Panama City, Panama.

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Press Release

April 09, 2013
Americans Can Preserve & Grow Wealth by Investing in Real Estate Overseas

In her new book, How to Buy Real Estate Overseas, leading authority on buying property overseas Kathleen Peddicord offers practical advice on how to find great deals, buy and manage property profitably in unfamiliar and potentially volatile foreign markets.

In the current uncertain investment climate, foreign real estate represents a more important opportunity than ever before, for both the investor who wants to move a portion of their wealth abroad and the retiree looking for affordable living options.

The book’s release comes at a time when a study from the Employee-Benefit Research Institute, released in March, showed that 57 percent of U.S. workers have less than $25,000 in total household savings and investments, excluding real estate, which represents an eight percent rise since 2008. Even more astonishing, 28 percent of Americans had no confidence they would have enough money to retire comfortably, the highest level in the study’s 23-year history. (See The Wall Street Journal story).

This coupled with longer life spans which put greater financial strain on corporate pensions and other retirement plans means that individuals need to do more with their savings to provide for their own retirement.

How to Buy Real Estate Overseas explains one of the best options available today for diversification, asset protection, and a safe haven for wealth. Foreign property is a hard asset that, unlike stocks, for example, can't go bankrupt and collapse to zero.

Kathleen Peddicord is considered by many as the world's foremost authority on overseas retirement and foreign property investment. She has moved children, staff, enterprises, household goods and pets from the East Coast of the United States first to Waterford, Ireland, then, seven years later, to Paris, France, and, most recently, to Panama. She knows from personal experience how foreign real estate can appreciate significantly over time, throw off an annual cash flow and provide personal enjoyment for you and your family.

“Overseas investing literally provides a world of opportunities,” said Peddicord, founder and publisher at Live and Invest Overseas. “There is also a set of inherent challenges and in the book I use my experience to share rare and much-needed advice for individual investors considering the opportunity, adventure and pleasures of owning real estate in foreign markets.

“The overseas lifestyle isn’t just for the rich; anyone can do this,” continued Peddicord.  “Retirees can live on a beach in paradise for less than they can in the United States, no joke!”

Some of the questions Kathleen answers in her new book include:

  • What are the strategies involved for choosing the right property in the right country, including buying opportunities in “crisis markets,” income generation and growth potential?
  • Are there markets an investor should not buy in?
  • What are the top twenty counties to consider for quenching your wanderlust?
  • What are the unexpected realities of buying overseas?
  • How does an investor figure out a budget?
  • How does an investor build an in-country network of reliable contacts?
  • How does an investor manage the asset?
  • What does every overseas property buyer need to know about moving money around the world?

How to Buy Real Estate Overseas is available for purchase at all bookstores and online booksellers beginning April 14, 2013. T She is also the author of How to Retire Overseas.

See the Media Expertise tab for Peddicord's recent media interviews.

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