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

1 Cover

2 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 #2: Mazatlan, Mexico #3: Cayo, Belize The Surest Strategy in the Race to Wealth, Health, Freedom, and Security

3 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?

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 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 Two Places to Live the American Retirement Dream Overseas 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 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? 5 Consider Local Financing Options (If They Exist) and How You Can Qualify 6 Consider Shopping for Financing Back Home or with the Developer

6 III: Six Strategies for Earning Cash Flow from Property Overseas 7 Short-term Rentals—Airbnb Is a Double-edged Sword 8 Long-term Rentals—Here's the Single Secret to Success and Maximum Return 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 10 Preconstruction—Buy Before the Property Is Built to Leverage and Flip and Multiply Your Return 11 Agriculture—Buy Land to Rent to a Farmer Uruguay—The World's Best Place to Earn Cash Flow from Farmland Annual Cash Crops for Turnkey Farming Cash Flow When Cash Flow Grows on Trees 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

7 IV: World's Top Cash Flow Markets—Where to Buy Whether You Have $50,000, $250,000, or $1 Million to Invest 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 Tourist Rental Buy #3: Portugal 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

8 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

9 VI: How to Sell for Top Dollar Resale Tip #1: Don't Buy Common Resale Tip #2: Remember the Importance of Curb Appeal 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

10 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 27 Know Who You're Buying With 28 Understand the Local Bureaucracy 29 Be Sure of Your Exit Market 30 Manage Your Rental Manager 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 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?

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 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?

15 Appendix D: Understanding Your Tax BurdenIncome Tax Property Tax Capital Gains Tax

16 Acknowledgments

17 Index

18 End User License Agreement

1 Cover

2 Table of Contents

3 Begin Reading

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