something intuitively told me to get into international property even though I didnt even know it was a thing, it was an idea in my head, and it totally makes sense, other thing is ive always love the nomad lifestyle being able to travel experience culture, but i havent been able to do that yet, ive dedicated so much time and effort and experienced lots of mistakes, sometimes things dont happen the way you want or when you want.. but i think international propety is a smart choice. low investment and high returns, its always good to set up a limited company and investing under the companies name, a wise thing i learnt from robert kiyosaki "own nothing on paper but control everything" planning to build my current company then re-invest that money in another company to buy property,
I'm 15 I love travel and I love the idea of having a place I can move to if I want a flight out. Especially when I can not have all the ridiculous housing fees in america. I've lived abroad now for a year 9 months in Tanzania and 4 months here in mexico. I'm going into computer science and I want to live in the major cities for at least 1 year. I want to have a few properties in the US like in dallas Atlanta and Tennessee but not too many. I want houses in Mexico Bali. Portugal. Georgia(the country) England renting out these properties sometimes and living in them another time
Higher yield => higher risk. You can earn around 6-9% a.a. on Brazilian REITs, which are free from dividends tax, but what about the odds of a currency depretiation? So the point is that DIVERSIFICATION might be the key. It's fine to have 1-2% yield on "strong" currencies while "betting" on a higher yield/risk country.
Low yield is absolutely compatible with high risk. One factor that drives low yield is that the denominator (in this case, the purchase price of the property) is too high relative to what most people can afford on a monthly basis. Often that means that it's a bubble, and perhaps that it's fueled by low interest rates or hot money. In that case, property prices may be due for a serious correction or crash. Then, of course, the rental yield is likely to be higher, but the person who bought before the crash will be stuck with a low yield on cost AND an unrealized capital loss.
6:58 laughing at this comment while it is Sunday May 30, 2020 during the LA riots and during the covid 19 . You can say it's time to pack up and leave lol
Who have heard of Albania? The beaches, the alps, the welcoming culture, the dynamic and mediterranean lifestyle, the third country in the world for the growth in Tourism over the last years? Located in the East Europe, only 1 hour away flying from Greece and Italy… Foreigners have invested about 1 billion of $ over 2022 in Real Estate.
Those days are long gone.... I own a foreign real estate. Not only I have to report it, i have to pay capital gains tax to the country IRS of I own the property, but also have to pay capital gains tax to the state of CA. If you live in a high income tax like CA, don't even think about owning foreign asset 😢
Alright Andrew, I purchased this book today. I'm going to give my all to this, haven't looked anywhere else, so looking forward to sitting in the front middle of your classroom to help my family become wealthy. Let's see what we can do 🤙
Andrew, can you address the issue of different price tiers for locals versus foreigners? Years ago, I helped my in-laws in Malaysia develop their land by subdividing their property and converting half of it (the half facing the banks!) to commercial zoning. Sale of that half financed building two very nice houses on the other half of the land. The cost for those two nice houses was a fraction of what a foreigner might be forced to pay for a freehold property. I feel uneasy about paying an inflated price for property aimed at the expat market. I wonder if its easier/better to bankroll some local real estate projects aimed at the rising local middle class? And then there's the issue of capital controls.
Just bought a residence in one of the SAFEST parts of Mexico. Town is called Oaxaca (central Mexico) Beautiful 3 story 2 bath. I plan to rent out the top floor with its own bath to tourist once this pandemic is over. By the way, this town is super walkable and I bough near town. Total price $71,000. Of course in Mexico and for these prices you need to buy ALL CASH! Forgot to mention, still only 2 hours from the US border!!!!!
coocoocachooglin Most Americans only know the tourist areas where property is almost as expensive as the major cities in the U.S. And for those prices I’d rather buy in the Safer good old USA! Places like Oaxaca and it’s neighbor Guanajuato are Value/quality of life locals ONLY KNOWN to the few that do the research. Currently a few expats from the US and Canada are discovering these gems! Plus if you use one of the Mexican locals as a middleman for a property purchase, you can easily find a beautiful 300k comfortable home for about 190K This local middleman will help minimize the chance that someone will price gouge you thinking your a rich gringo....lol
Is a good idea investing in realestate business in India, since the realestate is very beneficial due to it's any time high. For eg. In India a 2 bedroom flats starts with a minimum of 100,000 $. The same in some places its 150,000 $ to 200,000 $.
Great video Andrew. Interesting to know the U.S, Western perspective of - Why buy real estate outside the '1st World'? You show that there is more to investing in real estate other than the Western notion of owning a slice of the 'exotic'...a private resort or villa in a tropical country. You talk of Asiatic lands as well as Eastern Europe as frontiers to explore. Cambodia for example is one of your hot picks and there is also an advent to the Mongolian real estate sector. I am really eager to know if you have ever looked into Sri Lanka for potentials for investors? Would feel honoured if you give some thought to and do a video about prospects that may be available in the emerald isle of Sri Lanka, where demand from foreigners for beachfront real estate is on a massive rise! Thanks for the time given to read this comment Andrew. Cheers to you and your team.
Dilshan Boange Thanks, Dilshan. My brother in law is from Colombo and we’ve studied it a bit. It is a market we are working on but don’t have a solid opinion on yet.
@@nomadcapitalist why to go to far, Colombia, South America is in development, thought Coronavirus, I will moved to a country side in a main city of Barranquilla, where i own some lands in a condominium Club, near to the beach, 35 minutes from the city, land cost $12.000 plus house (modern 2 floor, build in brick) $58.000. Dollar pension will made the magic of a nice quiet life. Fly tickets $600, if you buy it in advance $300.
I would work for almost nothing if you need someone in Germany. Partly because I feel inspired by your philosophy. Reach out if you need someone who speaks German and understands the local market.
With the current seizure of Canadian bank accounts there will be an upsurge in moving funds abroad...I read today that 20% of funds in Canadian banks have now been removed. This surprises no one.
So interested in this. Do you have videos about how to purchase in another country, not to mention figuring out taxes, financing the mortgage, etc as an American?
I wish there was a business that could manage propertys for you i have the money but don't have the time to manage or go all the way over seas to check on the property
Hey Lance, My Name Is JB Gadhavi I Am From India I Read Your Comment And I Agree With You That There Must Be A Business For Handling Over Seas Property. Well At The Time There Might Be A Business For It But, I Have A Deal For You I Want To Contact You.
@@nomadcapitalist looks like I am aiming to leave my job and start nomadically in the US for a period of time before going abroad and love your content!
Most governments in the west now know property is a target to get more taxes especially if it is not your primary residence. On top of that green climate regulations will make your property unaffordable to maintain. This knowledge that property is a target for tax, is now gaining steam throughout the world. Of course if you live in the middle of Africa it might only get there in 20 years, in the end making money is done in the stock exchange.
I’m African, despite some of its obvious challenges, (Including lack of accurate data on desired subjects) has the highest ROI in the world. If an investor is able to circumvent these challenges, then the investor has hit gold.
@@NFPX Thanks for the input! Love to hear that and believe the same! What region of Africa would you say has the biggest potential in the next 10-20 years?
@@yaeamin3325 I don’t look at investing in Africa in regions, but in relation to specific countries. The ones that may be of interest are Rwanda, Botswana, Nigeria, Senegal, Madagascar, Liberia(with a local partner) etc. Africa is a great place to invest if you can crack the code. Mind you, all the countries are unique, there’s no one size fits all approach to investing in Africa.
@@NFPX Completely makes sense, and yes it makes sense not to look at Africa in Regions. Do you have a strong opinion on Morocco as a country to invest in?
@@yaeamin3325 I think Morocco will make for viable investment in tourism. I don’t not have any data that suggest that Morocco will not be a good place to invest.
Unfortunately some countries have restrictions against property ownership by foreigners, and some countries have high capital gains tax, and some countries have high rental income tax
Yes in Kenya you can , in fact if you buy rental apartments the returns are better than even the USA due to the low taxation most Americans and Europeans own property in Kenya
I actually searched through your videos to see if you ever mentioned this. It is indeed the easiest step for many who are not yet living a nomad lifestyle, and especially a great way for many westerners that want 'number 4' of your video.
Andrew, my parents are buying their first property in Germany, however, due to high taxes, I consider they could buy/invest elsewhere. What would be your recommendation? Thanks
Hard time to buy real estate in Germany right now... prices increased heavily in the last 10 years. I don't think I would do it right now, even with the extremely low loan rates - especially not around München! it's questionable if there is a bubble, but the market is really expensive. Tricky!
@@rubensnogueira3199 look at Kenya most Americans, Europeans, Koreans and chines are buying a lot of property in Kenya especially rental apartments due to the low taxation and very good returns
Guessing his US properties might have turned around for him since this video was made in '18. Crazy how much the world has changed since then....4 short years.
For beginners like myself, should we invest in a country like Mexico or elsewhere with low real estate pricing or a thriving country? Also who would manage it. Do we require an LLC even if we have assets overseas and none in usa? I’m from Tennessee
I had a look and you can buy a 18 bedroom 12 bathroom apartment complex with a penthouse for 20,000,000 pesos aka 350k EUR and by selling 4 apartments and renting out the other ones you could pay back the 350k under 2 years and start making around 10k EUR passively every month which can be reinvested. Basically you could become a millionaire under 10 years easy.
I will go we’re I can live fairly safe and a MRI cost $10 bucks or insurance will cost less than $50, natural organic fruits and vegetables, fresh melon, I am tired of eat melons that get off after 2 days because they are been transport for months before to arrive to my table.
@@roberttumuramye6219 Is beautiful there, I am from beautiful Colombia, we have all year round climates it depend the city, we have a city of spring all year, we don’t have season only rain mostly, we have cities in the Atlantic and pacific coast, we have cowboys cities which temperature are between, also we have an small glacier ☺️; so we decide we’re to go it depends which weather, cost of varies.
I wouldn't recommend Canada because of all the added taxes they impose on foreigners which are usually 15% or 20% in British Columbia on the top of the purchase price of the property. Then, you will have to pay every year an additional 1% on the assessed value of the property if it's not rented for the full year. No need to mention that while people have been paying for 17 months without being able to enjoy their properties since the country is closed to foreigners. Bottom line : try somewhere else or you wind up losing money.
The way the current markets are looking, I would not own real estate anywhere. Come back in 4 years and buy. And Southeast Asia? Ha! Can you say bubble? Cap rates at 4% are just dumb.
Some countries, like Ecuador, don't really respect private property, so be cautious. Ecuador is beautiful until your beautiful green property is lost to invaders...
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Nobody in thier right mind would invest in cambodia unless they are ethnic cambodian..this guy is trying to sell courses,he doesnt give out one bit of useful advice
