How to Manage Overseas Property
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- Опубликовано: 17 июл 2024
- nomadcapitalist.com/internati...
Networking is key throughout the process of buying and renting overseas property. Сorrectly chosen local attorney with an international outlook will connect you with people who have good deals and who can manage the entire process to keep any property investment deals running smoothly.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Few things to add: 1- Even if you find someone competent, as a foreigner in many countries you pay a premium for many services including maintenance contractors needed on your property 2- Buy something locals can afford. If you buy something that is built primarily for wealthier foreigners, there may not be a reasonable market for you when it comes to selling. 3- Rent and live in the region for an extended period of time or multiple shorter term re-entries to make sure it is where you want to have something permanent. 4- Hope the central bank doesn't mismanage the currency and generally be aware of the relative strength/weakness of the currency. Some such as the Colombian Peso are "commodity currencies" that can follow the price of oil and other commodities. I would suggest not converting to the local currency when it is near all-time strength vs USD and EUR.
On another note, buy BitTorrent
How's that been working out lately?
Well you are churning out quality content day after day, making me to make the most out of the LOCKDOWN🙂
Glad to hear it!😊
You spelt captivity wrong
@@nomadcapitalist Hardest worker on RUclips 😎😁
I moved to Cleveland from Los Angeles 2 years ago and my eyes lit up on the potential cash returns for rental properties. 25 rental properties later, I've decided I'm no longer investing here. It's a brutal rental market with insanely high property taxes and terrible property management companies.
Thats just Ohio though. I swear property tax is like fucking 1-2% annual value per year there, state taxes alone.
Will have to rewatch this again later. Right now I'm stuck on the quality of this video. Some really super great video quality right there😍 Nice!👌👌
Thank's Stephanie!😍
Your content is great 👍 I know because I have followed the same steps in dealing with properties 🙌👏🙌👏
Prof, your firm is a full service firm 👌
Great stuff Andrew
The intro is lit !!!
Please do the nomad capitalist book “digital”! Love your insights! Tks
Real Estate Team, very comforting. Keep going Andrew!!! Loved it. Thanks much.
Thanks, Eric.
Here in Australia property prices are going up like crazy, and have been on an uphill trajectory for decades. Covid hasn't had much effect at all.
🤔Something to think about. Thanks
VERY IMPORTANT QUESTION - did you keep the arch in Bogata?
Can't wait till May for Nomad Capitalist Live
Hi I’m Guido, Great information, I love your videos, I would like them to be a bit longer, but you’re doing great service to people looking for overseas investment, what do you think about real estate in Venezuela coastal areas
Andrew would you be willing to create a real estate fund so we could all invest in the city centers of emerging markets with you? You’ve earned my trust with all your content & expertise, I would absolutely invest!
Cleveland in the house baby !
Agreed that it can be quite a challenge to find a really competent attorney. There is a staggering amount of attorneys in the US for example (mostly imports) who can’t even spell or write in proper English. No idea how they can still be in business.
Thanks Andrew
Interesting !
Please eliminate the unnecessary intro. Your content Is gold!.
A good into is prime for a good video. You know he put hard work in for that it's nice.
very informative information, thank you. wow agmashenebeli street looks beautiful, i can understand why the turks are buying that place lol, its similar to places in turkey
Hi just want to understand the percentage of rental returns on property investment in any country. How about hotel investment where property is managed by operator and you will receive rent annually.
I like this Channel
Thanks. I was wondering about how people take care of foreign property if you are not there half the year or more. I've read about some people who own land in a nice warm climate and only go there in winter. Esp Norwegians and Swedes.
hi andrew! someone said that malta citizenship by investment program will end this coming september 2020. is it confirmed?
What are your thoughts on just hiring a translator to go around with you as you do business or go to meetings? This could be very cheap, gives someone some freelance work and also helps you build up connections if you always meet up with that translator on each visit?
Great video content here with super useful and relevant information for international real estate investors. Real estate is definitely not my area and most people know much more about this area then myself so I am always receptive to learning as much as possible about this specific area. Also, great real world examples that you utilize here!
Well Real Estate is by far the most stable form of investment with loads of benefits and you should learn about it, it will be fun🙂
Edit: I am also learning so and it isn’t that tough!
Independent Thinker We have similar thinkings🙂
Great vids! Can u comment on tax deductions US citizens can take advantage of? Thx
Hi Henderson,
What do you think of Turkey and it’s real estate market? The Turkish government offers its citizenships to real estate buyers on buying a property over 250k?
Your opinion please. Is it a promising investment or a place to retire
can you use one airbnb account linked to a cayman island bank t to manage worldwide properties? for a non us, australian or uk citizen
We need a video on how to find a lawyer that is good that you can work with long term. I just don't see how that is possible when lawyers charge $750 USD per hour.
Hi Andrew, would you consider investing in South Africa. I'm in real estate myself and live in S.A. Always looking at new investors in our fast developing cities. Cape Town, Gauteng and Durban
Seems like an expensive round about away to go look for expensive international attorney in another country,who would then help u look for local people to manage your properties,
when all u need is to get some trusted people in that country to help u look after and manage your properties overseas.
The expensive attorney would likely cost u 10 to 100 times per hour more than the cost of the person,
who will be directly helping u to look after your property,
so u might as well look for that person who is going to look after your property yourself,
and cut out that redundant expensive international attorney :)
Hi how are you? I have dual citizenship , actually living in USA , I would like to leave USA and move again in Europe ,what do you suggest to do with my two properties in USA and how can I move my bank account without lose many money?
What do you think about North Macedonia?
Andrew for those like me with annual saving of around US$ 30,000/ Yr , can i invest in developing countries and get rental returns on regular basis ... i am not interested in buying renovating and selling , i just want to have regular rental lncome, I am an Indian living in Indonesia... not for sure small rental properties property Mgt companies will be interested.. i know you know deal with HNI customers , A video on this topic can help many low savers group ..
using big four is like paying big buck for a bag from fashion brand like LV
One word for this suggestion...headache! Massive headache!
Thanks Andrew.
On average what are costs of using lawyers?
the biggest problem is estate planning.
is anybody else going to the next 'invest in Africa' event in London??
Do you have any referrals in Japan?
Yes.
During last decade, at least 100.000 turkish citizens had purchased apartments in Georgia, Tblisi, Batumi, Qutaisi and had married to Georgian girls, women and have been in process of changing citizenship to being Georgian. Some of them are from Blacksea Region cities, Trabzon, Artvin, Rize, Samsun, Ordu. The reason to change citizenships from Turkish to Georgianship is Turkey is low profile in entrepreneurship and attract foreign society to earn high net worths. It is difficult to find jobs in Turkey's cities. Those blacksea region ex turkish citizens never had lived in any other region of Turkey , just in the eastern blacksea nearby the seaside and their main aim is to further immigrate to westernmost Schengen countries with their new passports of Georgia and with their georgian wives at ease. Unemployment rate in whole Turkey is 20 percent and youth unemployment in Turkey is 35 percent.
I noticed that your podcast of Sticher has few episodes. Why is this? Sometimes I can only afford to listen and not watch
He has an archive on his website of all of his podcats. I don't think he does new ones anymore, though.
If you want value you have to work directly with the locals. Don't buy services or large purchases online.
I still don't know how he manages the properties. With property managers?
Definitely. His whole mantra is to find the...frankly let's be honest, the say ~6.667/10 and higher caliber candidates from cheap cheap nations , and offer them salaries laughable relative to the US/West and that's how he minimizes his bottom line. I love his channel and understand that that's the "model"v for business optimization nowadays. But let's be real; he's been quite vocal about "basically never hiring an American ever," even if such an American was well educated, ditch their loan burden in the US, has ZERO intention of returning back in the next ~2.5-5+ years, and is willing to work for "insultingly low pay" (solely from US/Western perspective) as long as the country in question is cheap to live in too. He's suggested that even then, he wouldn't choose an American because most frankly (paraphrasing here) "don't have the grit/life experience"true dedication" he has come to notice from his non-western workers.
So tl;dr yes, you get a 6-8.5/10 property manager with just enough english not to screw it all up, but for like ~20-45% of the cost of property management salaries in even the cheaper parts of the West.
Can I blame him? Objectively I can't.
What about female investors?Females who own businesses?What are some countries where women can do business and laws arent so strict towards women in certain positions
Basically Europe, USA, Britain, Ireland, most of Oceania
First
Pakistan is best & safe Country for Investment 🇵🇰
International media say it's extremely unstable and is on the brink of wars with 3 of its neighbors as well as civil war.
Not true at all
Jokes on you I'm too young to own a home