What is the easiest way to ease your way into overseas real estate investing?
Are you a Pioneer or a Settler? What country should you consider? What is not listed in the brochures? All these questions and more are answered on the show.
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The podcast features host and guest Mike Cobb discussing the intricacies of investing in overseas properties. They cover topics such as property prices in various countries, the importance of due diligence, and the growing trend of seeking second citizenship through real estate investments.
Overseas Real Estate – Key Takeaways 
- Mike Cobb highlights the trend of US investors looking at international property investments, particularly in destinations like Belize and Costa Rica. He stresses the importance of understanding regional nuances within a country for successful overseas real estate investments.
- Property prices in Nicaragua are significantly lower compared to California, Costa Rica, and Mexico, with oceanfront condos available for under $150,000 and home sites for $150,000 to $200,000.
- Investors can use developing regions like a time machine; by understanding the development trajectory, they can position themselves for future growth.
- Investment decisions should be based on rational analysis and potential returns, while lifestyle choices should focus on personal preferences and comfort. It’s crucial to separate these two when considering property investments.
- A comprehensive needs, likes, and preferences survey with a hundred questions is available online to help individuals make informed decisions about property investments based on their personal and lifestyle needs.
- The 15 questions consumer resource guide is a valuable tool for those looking to own property overseas. It provides essential questions to ask developers and oneself to ensure the property meets North American standards.
- Having a professional advocate is crucial when purchasing property overseas to navigate the complexities of international real estate transactions effectively.
- The trend of buying real estate for second citizenship or as a plan B has increased. This is due to concerns about global developments. Programs like Panama’s residency and Dominica’s citizenship offer different levels of asset protection.
- They discuss how a second residency or citizenship offers the highest form of asset protection. Furthermore, they discuss how it allows individuals to stay in a foreign country beyond the tourist visa period.
- Mike emphasizes the importance of thorough research and understanding all aspects of investing in overseas properties. This includes asking the right questions and being aware of potential pitfalls.
- Diversifying investments globally is recommended despite the strong performance of the US stock market, providing access to a broader range of opportunities.
- Experiencing a country firsthand before committing to living or investing there is crucial. Starting with short visits and gradually increasing the duration helps ensure compatibility.
