The Benefits of Buying Foregin Real Estate
As the economy begins to open up after the COVID lock down, there will be some incredible investment opportunities. Perhaps one of the greatest ways to protect and grow your wealth is through buying foregin real estate. Let’s take a look at all the benefits of buying foregin real estate during the Great Reset.
Youtube video on the topic here
1). True investment diversity
If you are looking for true investment diversity, then owning real estate - in a second country - is about as good as you can get. First, you are owning a hard asset in a different country. Also, owning real estate is a great way to have an uncorrelated asset from your stock portfolio.
Even if the real estate market does poorly in your own country, the value of the real estate in your second country may hold its value. Overall, owning real estate - in a foregin country - is a great way to diversify your portfolio.
2). You can earn income abroad
With real estate, in a foregin country, you have the opportunity to own a second income abroad. For instance, you can rent out the property on a long term basis. You can also make the property available for short term rentals on Air Bnb. Earning a second income abroad can help diversify your income streams.
Be sure that you are aware of the various rental laws in your second country before you set up your rental.
3). The ability to retire to a low cost country
If you are looking to make your retirement money go further, then you may want to consider buying real estate in a foregin country today. You can generate an income by renting the property out. Then, when you are ready to retire, you can move to your foregin property. Here are some of the top low-cost places to retire:
Portugal
Malaysia
Spain
Costa Rica
Czech Republic
Slovenia
Peru
All of the above listed countries have a cost of living index below 53. Also, the countries of Portugal and the Czech Republic are among the safest places to retire abroad. [1]
4). Owning a hard asset
If you don’t own a hard asset, then buying forgein real estate is a great place to start. A hard asset is an asset that is essentially something that you can physically own as opposed to a stock or a bond.
Hard assets tend to give you better protection against inflation and have the ability to hold their value better than stocks, bonds and fiat currency.
5). Gives you the possibility of a second residency
As an owner of forgein real estate, you have an excellent possibility of gaining a second residency. There are a number of advantages of having a second residency. Here are some of the reasons why you may want to become a resident of a second country:
Gain tax advantages
Have a second passport and potentially more travel freedom and flexibility
Protection against political instability in your home country
6). International asset protection
As you grow your wealth, you will want to make sure that your assets are protected. By owning real estate in a second country, you can help protect your wealth from confiscation, political instability, lawsuits, or economic collapse in your home country.
Here are some of the top countries that offer asset protection for foregin real estate owners: [2]
Cook Islands
Nevis
Belize
Luxembourg
Jersey
Cayman Islands
British Virgin Islands
Finding big real estate opportunities overseas
From currency diversification to asset protection, there are a number of attractive reasons to consider foregin real estate. Be sure to check the laws and the advantages of buying real estate in a given country before making your final purchasing decision.
REFERENCE:
[1] https://smartasset.com/retirement/cheapest-countries-to-retire
[2] https://www.escapeartist.com/blog/best-offshore-trust-jurisdictions/
https://money.usnews.com/money/blogs/on-retirement/2014/02/18/12-reasons-to-buy-real-estate-overseas
