My Master Plan to Live, Travel, and Buy Real Estate
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- Опубликовано: 7 июл 2024
- www.nomadcapitalist.com
There's a lot of confusion about how to live as a new Nomad Capitalist.
Between all of the terms - "expat", "PT", "perpetual traveler", "immigrant investor", "digital nomad", etc. - it's hard to keep up and know exactly how to structure your life when going offshore.
For the first ever, Andrew is sharing the EXACT strategy for buying real estate, where to live, and how to arrange your life physically as a Nomad Capitalist.
0:48 Introduction to Living Overseas as a Nomad Capitalist
3:58 "Tier A" Homes
10:20 "Tier B" Homes
11:21 "Tier C" Homes
13:07 "Tier D" Homes
This is the strategy he's perfected after twelve years of traveling and deciding that AirBNBs and hotels are not only frequently disappointing, but a bad investment.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: nomadcapitalist.com/about/
Our website: www.nomadcapitalist.com
Subscribe: ruclips.net/user/subscription_...
Buy Andrew's book: amzn.to/2QKQqR0
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.
Loving that New intro theme, Nomad Boss Level 5,000. 👍
Fav quote..........."I don't want people traipsing through my apartment" I think your current thinking will support you in your business and personal life. I like it. You are limiting your stress & variables from your daily life, the ones you can control that is.
That has been why i dont like the idea of air bnb
I like your idea of having 2 or 3 bases and explore from there.
I buy bases in 5 stars hotels so I could spend 45 days in each place in a year, renting them out for the rest of the time. By now I got Playa del Carmen, Batumi, Tulum and Bansko. Considering buying something in Panama, Johor or Batam, Antalia region and Dubai before I retire. Great job Andrew.
Thanks for sharing, Evgueni!
Did you purchase in Panama? I'm considering making Panama my base, so I'm interested in your experience.
@@tampapropertygirl3422 I opted to buy in Costa Rica in Punta Leona.
My favorite RUclips channel..
irfan nadeem 🥰
Mine too!
@@nomadcapitalist Are you in Tivat right now? I will be here until the end of the summer and I would like to meet you in person
Mine 3,4,5,6,7,8 I / WE Appreciate
New intro is 🔥🔥🔥🔥🔥
Awesome video, but some technical feedback: The audio levels here need to be balanced - your voice is very quiet whereas the intro music was rather loud.
Excellent Andrew, I am working in a similar plan with a little twist in which I buy property in places that want to spend time and at the same time to rent it out while I am not in the place. Excellent channel,
that would be his tier C :)
I want to do the same. Buying my first property in Mexico soon.
Wow that was very very informative. I have taken notes on everything you have said and added it to my strategy for migrating. My goals is becoming a reality and I am thankful for all information you have given us on these video. Thank again Andrew for this video and I look forward to maybe meeting you one and expressing how your videos and book has change my life.
Where are you from?
Interesting strategy. I've tended to think that ownership is a P.I.T.A. because each owned home must be maintained, secured, etc. How do you handle that in homes around the world? Have you ever returned to a home to find it not as you left it?
This resonates so well with me. I haven't started yet this lifestyle but intuitively I have been finding out for myself that traveling a bit to find out my first tier1 places was the phase 1 of my plan. Your higher tiers explanation have just brought the light on the later phases I might go through. Thanks much Andrew, and take care.
Happy to help, Daniel.
Wow great intro! And best above par advice as always, Andrew!
I would think, however, that you have to limit your homes to condos/apartments -- not free-standing homes that may require additional security, grounds maintenance, etc. Gotta be able to lock the front door and leave for 8 months.
I am working on paying off my credit card debt and building an e commerce website. I would love to have your lifestyle. I live vicariously through you!!!!
Keep going, Yvette. 👊
@@nomadcapitalist Yep, Andrew thank you for spreading these ideas through your youtube! .. I commend you for appealing to people with higher incomes, it would be nice if you could offer some kind of affordable strategy calls /coaching for nomads like! Who aren't yet earning 6 figures :( ... (im working on it) and maybe your consulting services are just out of our league! :( I need a strategy and have been looking for a good accountant, and not having huge luck! I rather pay that money (more within my budget) to you! I would love to have a consulting session with Andrew! :) But thank you for all you do! 🙏
My pleasure, Shabs.
I like your personality, it's so real and refreshing
I love the intro you've got for your videos. It gives them a slick, professional feel from the start. Good stuff. I read your book and love the idea of the trifecta. I'm planning to travel more and more to identify what and where my trifecta will be. Keep the videos coming. They are much appreciated.
Happy to help, Alex.
Another great video - love hearing honest discussion. You say the things I’m thinking.
Wholy moly awesome intro Andrew really really awesome, and loving your blue shirt.👍
This is the channel I have been looking for. This just gave me a goal of what I want to achieve in life.
I'm so happy to hear it🥰
Only this month, I’ve looked for homes in Macau, Canada (Montreal) , the Philippines and now I’m back in my home base in Singapore (my wife is a national). I am moved by every single of your video, they really reflect the highest standards I am longing for for years. How come you channel is growing so slowly while some hippies with little to no value proposition are thriving on RUclips is beyond me.
Thank you for the kind words.
Wowowowow intro is awesome! Interior design is awesome! Shirt perfectly matches the background! Awesome topic! Looove it
Thank you.
Andrew, It would be amazing to get a hint on how to find good deals on finishing construction work in Tbilisi and other emerging economies, as you know, market is very sparse there. Thanks!
Interesting idea. We do offer this service to our clients.
Intro is 🔥🔥🔥
Thank you for this detailed breakdown of your strategy and living philosophie! I am planing to model my location independent life after your nomadic lifestyle in the next 3-4 years so this is absouletly a great video :)
Hope recruitment is going well!
Thanks, Fadi.
Awesome video and I love how you put them in categories and each place has its purpose. For me, I want to have different bases around the world and currently, I have 4 bases (US,Sierra Leone, Bulgaria and Egypt). Turkey,United Emirate, Georgia ,Brazil and South Africa will be my next target.
Cool, did you get any new base yet?
Im feeling that new intro
Great thought proces. Thanks! You are so right... Finding a decent place to stay is always a pain... So yes, i was thinking the same! Yoi give great examples
Loving the new into Andrew keep making moves.🤙✌️
Glad to have you.
Great video. Great insight.
I do have one question though: how do you manage your residential properties when you are away?
Having residental units idle for 7 or 8 months a year on different continents would cause a worry. How are they kept safe and monitored?
Love the tier approach! Brilliant!
Not renting out a property might seem crazy at first, but keep in mind in some countries it will complicate your taxes and will have to pay because it’s income earned within that countries’ borders. Like Mexico for example. Smart! Thanks Mr. H 👍🏽
Good stuff Andrew, I'm also considering South America for residency/citizenship, the best overall deal appears to be Ecuador in terms of permanent residence after 2 years and citizenship 3 years later with hardly any required time spent there after a $40,000 investment in a bank account or real estate, their passport is one of the few which allows visa free travel to Russia, China and Turkey also and no tax on foreign income if you become a resident there, cheers.
I’ve never been to Ecuador, but from what I heard, you really need to spend like 9 months per year in the country until you get your citizenship? I’m not sure if you can just put in 40k and leave? I don’t know If they will actually check your days in the country ? What else have you heard about it ?
Well said, Andrew. I agree that being able to knock down walls, put nails in the wall, redo the kitchen, etc are big reasons to want to own a home. Also, perhaps the value won't skyrocket (even ever), but if it's in a city center or the beach, and you ENJOY the location, that is absolutely a benefit, regardless of the monetary value. Does it improve your life? Does it make you feel good to spend time there? That's what the real question should be.
Benjamin Marxx All true.
Go where You are treated Best! I love that philosophy and it is worth an excessive lump of gold!
Makes all the difference!
Welcome!
You’re a proper, proper dude. Very thorough and clear in life! What a rarity, cheers to you! 🥂 Hope more people become like you in life!
Great video, completely agree with not renting out a 2nd or 3rd , trie A or B home. Especialy when you gone thru the work to update it. No one will take care of your own home like you would.
I love everything you say. Finally someone I really resonate with.
I will be a client of yours soon. I can't wait. 🙂
i am from india and recently moved to armenia by your inspiration
started my journey from armenia .
Andrew this is another great video the problem is that me and many other entrepreneurs have children who need to go to school or just want to live full time in a place we love.
I’d love to see a video of how someone can legally reduce their taxes and much they could reduce them by for an online business by living in one European country (in my case Spain) full time.
I know this will be a popular video.
Yessss! Finally a channel that is very much in line with what I'm building for my future. Thank you for the great content. Trifecta places are exactly what I'm getting into. Currently at 2. Looking at #3.
Glad it was helpful!
Interesting approach. I can definitely see the appeal of not having to schlep all your stuff around the world.
I spent some time in Sutomore, Montenegro a few summers ago and found the country to be rather pleasant and very beautiful (lovely mixture of sea and mountains). I have traveled quite a bit, not near as much as you, but I have found myself at a plateau and just tired of new beds and temporary places. I am not at a financial digital nomad phase yet it life so I am going back to the US to work for a while. I want to thank you for your videos, insight and all the footwork you have done to create this content. The next year or so while in the US, I am going to do more research and consider future options. I want a few small places in special locations that are beautiful and where I am treated well! All the best and I am happy to have found your channel.
Really enjoy the content in the videos posted on your channel. I'm in the process of living this type of lifestyle in the very near future.
Appreciate the kind words, Kenneth.
Great new intro. ❤️
You should consider Uruguay for your latin base, it has the most English speaking next to a couple central american options and its in the top 3 wealthiest next to chile and panama. And it has a wealthy high end beach town in punta del este. It has alot of European influence and likes to think of itself as a European country lol.
Thanks for the suggestion.
@Gororoba boring is a good place to lay low when the western world is melting
Pure Raw Straightforward Info, Thanks Andrew
Absolutly with you!! Fun side note: Thinking about buying a home in Montenegro right now ^^
Makes good sense. After years of dealing with both sides of rentals I'm sick of it, and a home is worth the cost.
U have simply "redefined" the term TRIFECTA 💚✌️
Excellent! Thanks!
Great information. Gives me a basis from which to begin.
In one of your clips you mentioned that you would rather live in México than in Switzerland. That was kinda funny... Could you do a clip on how to buy real estate in México or Nicaragua at some point?
Mexico over Switzerland any day and twice on Sunday. Not even close.
I love México too! It was funny though because Switzerland is associated with high safety, low taxes and wealthy people and México is associated with getting robbed. So your comment was really going against those clichés.
@@theandrewhenderson Can foreigners own land in México?
metamememachine no. They cannot, but there are workarounds
That's beautiful. And personal aspirations. :)
Thank you, Jessica. 🤗
watching this video only now. Amazing concept of having several core homes. Dare to live differently!
Next few years will be a nightmare for global real estate. Be careful.
That’s exactly where the opportunity to buy some cheap real estate comes from
You've really opened my mind. Now I am considering getting a 2nd citizenship. I used to see USA as the best country on the world but ur videos have changed my perception. Thanks!
The trifecta is a good framework to start from. I am currently setting flags in Georgia :).
Good luck, Hürol
Are there sand beaches in Georgia?
Yes, but likely not the best.
Now THAT’S an intro. Amazing stuff Andrew.
Thank you.
I lived the lifestyle you are talking about, courtesy of my father who took our family around the planet, so I can relate to the hotels, eating out everyday while on the road in different countries (mostly in Europe), and then finally settling in Greece for 7 1/2 years . . . a country I adore, love and respect. Especially the people. My trifecta is keeping my US citizenship (I'm retired Air Force) and living in Colorado owning a flight school (it's the scenery stupid!), owning a home in Greece (near an airport), and making friends in a place that reduces taxes on capital gains (Puerto Rico? Maybe?) . . . or some other country friendly to that prerequisite. I've done so much traveling having a home in two or three places appeals to me.
Hello Andrew, great knowledge as always... A question that I have been having lately:
How does one protect all those homes, bank accounts and investments scattered across the world so that in the tragic event one passes away it can be gifted to kids/family without issues?
Good question; stay tuned.
@@nomadcapitalist 🙏🙏you guys have been such a positive influence... We need a new book 😊
Put them in a trust
@@Dimitrius1 thanks Dmitry... I will do some Research on that
Krishna , what a fabulous question!
Fantastic and inspiring, Andrew. My plan is to schedule around my kids' school year, and in the english schools of Kuala Lumpur the winter break is as long as the summer's, so we can spend a winter month in Japan or wherever then back to school then a summer month in Georgia or Amsterdam or Uruguay or Chile or Montenegro then back to school.. I wonder what you think. I'll be receiving your organization's services after my next sell.
Looking forward to it!
Morning Prof. I am waiting to catch your latest upload. Oh...guess what? I .....just .....ordered my copy of wait for it....your book😃😃😃😃😁
looking forward to hearing first impressions
Very Informative !
Love that way of being in the world
I like the idea of tier A, B, C, D.......hope you realize how fortunate you are to be able to do it.......and how few people can do it! Glad your living the dream though!
Just a friendly FYI, whichever country you buy your Apple iPhone in, is the same country where any needed "replacement" service will have to conducted in.
Brilliant approach!
Shlepping is a big pain!! It’s with having a base just for that!
The last time I left a home I owned unattended for a few months, when I came back, my washer and dryer were gone, my door was busted in, the floor was flooded because the thieves never shut the water off after disconnecting the water, and bunch of other things were stolen. How do you handle security so you're not worrying about stuff like the the entire time you're gone?
Great video! We have also started with establishing a base in South America. Now looking to find one in Asia!
I have no plan to buy properties in another country but it is good to learn other perspectives. Thanks!
What percentage of these tier A/B places are condos vs houses?
awesome new intro
andrew, how do you deal with all the cleaning/ laundry/ vacuuming places? Do you have contacts of all cleaning services arranged or do you do it yourself?
whilst traveling i love one thing about hotel is that i walk in and everything is freshly cleaned. i don't need to do any house work for it.
excellent content, I enjoyed it. I share your view of classifying properties in tiers, depending on subjective criteria.
You should look up Santa Cruz in Bolivia for your South America base.
Andrew, what was Your background. How did You acquire Your wealth!? Maybe You have already discussed it, but I may curious...
Genius level 🔥
I’m really intrigued by all of this and I’d love to be a Nomad Capitalist but I’m nowhere near the point I’m sure you have in mind for the Work With You application. I have three passports already and I live for travel, but I’m just an ordinary university student and know absolutely nothing about entrepreneurship. What would you recommend for learning how to run a business in the first place?
I thing that methode A. B. C. D it is very good
I like the multiple residences in Thailand. Own 2 and rent one, desire to own it and the unit next door eventually... Same same as ready in each one with the exception of work space (audio project studio) in the rental...
I own resort properties in 3 countries. I receive a good income and can either use or get use of owner discounts at other resorts owned by the resort group. I hardly stay at my properties. I have a base property in my home country where I spend a majority of my year and travel every 2 months for 1 month.
New style brother ❤😊💚💛😍 great intro, greatest guidance and support to everyone , Team Nomads
Thanks!
New intro is great but sound is too loud relative to voice.
do you have any info on how to dip our toes into starting this without buying property and just subleasing it?
what countries and cities are best for it.
I am doing the same thing in Latin America and Africa. Life is good...
One do not have to become fully nomad to enjoy the benefits of financial success.
That I think give more integrity and good stability and good cost
Thank you as always for some stimulating thoughts. I have a problem with the trifecta concept when it comes to tax residence. If you want to be tax resident somewhere (I do, and I guess others may) then you typically need to be there for 183 days, ie half the year. This leads either to a lopsided trifecta (180+90+90) or perhaps a bifecta (183+182). I guess this can be worked out though.
It sure can be 😊
Hi Andrew, may i know how many Citizenships do you have?
I love your idea. I hope to get to that level. Getting second passport through my father’s country of birth which will allow me to purchase property in that country. That is step one. Malaysia is on my radar. I love Asia and Southeast Asia but seems like KL is a good location with proximity to everything. Would love to land in a location knowing I could stay in my own home, with my own things set up the way I want and ready to go. Great advice. Still deciding on a 3rd. I’ve always loved Europe but still have many more places to explore to define the right country. Like you said, you have to take into consideration their taxation laws including wealth tax.
I remember you talked about your business experience with radio station as well as swimming pool maintenance company. Now, you do consulting of high net worth individuals, obviously. So which business propelled you to be a multimillionaire?
We will be addressing this in a few upcoming videos.
Nice new intro
Thank you.
Interesting video Andrew. My question for how long can you continue this lifestyle? in other words what are your options if you plan to start a family? in this case where is home?
Have multiple wives and many children spread across the globe
And a different question - you set this plan for yourself based on your idea of a single young person, ie perpetual traveller, and its easy when you re single. But in few years you ll be married, have kids, and they will need a stability, one school to go to, one language to learn at a time, etc. I understand that pre school or primary school could be done in one country and secondary or a high school could be in another country, but still need one stable place for kids to have less stress. What would be your best approach to this issue and which countries you could live in or recommend to keep all those tax free perks, safe n clean environment and well developed urban city infrastructure like KL, Istambul, Moscow or Singapore could offer to a family with kids..?
Question for you. How do you work through the security issue while away from property? Many countries are fill with opportunists waiting for you to leave your property alone.
Also running costs, taxes and repairs likely to be the same as the amount he was spending on hotels. Lots of hidden costs he’s not mentioning. Will be costing fortunes to have multiple properties on each of the tiers.
great video!
I have a question how do you manage your houses around the world?
Good question; stay tuned.
But what is the end game? The exit strategy? They are still "investments". Right? Waiting for the value to rise and.flip in 5-10 years?
I miss the current info music, but I'm a romantic.
Hi, Good video, in your old age if you want financial need, how do you dispose the property.
What does management look like for multiple properties in different countries? Property management standards for investment homes in the US vary greatly - same elsewhere?
I know I want Tokyo to be my 1st Trifecta, it actually is extremely affordable and safe, especially for someone with residency in the healthcare system despite the rumors. I think Dublin would be another great one since getting Irish citizenship as a dual citizen is easy having Irish Heritage and would be a great platform for investing in the entire European market. The United States would be a good 3rd base since I am an American Citizen and would be convenient. Due to the increasing dysfunction and unrest in the US, I would make it 3rd on my list of three.