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This article is very timely, coming on the heels of the New Year 2021 and I am obliged to share it with my audience.
Wishing you a Healthy, Happy & Prosperous New Year!
Ed Harris – Real Estate Agent/Broker
Dreaming Of A Property Overseas? 9 Reasons Why
You’re Doing The Right Thing…
December 31, 2020
Dear Overseas Property Alert Reader,
Before you start sizing up real estate opportunities overseas, it’s important to understand why you’re doing this… in other words, your own personal goals.
That’s what we’re going to talk about today.
But first, I realize that I haven’t introduced myself properly…
I’m your Overseas Property Alert Editor, Lynn Mulvihill—the person you’ll hear from every Tuesday.
From my home in Waterford City, Ireland, I’ve been researching and reporting on overseas living and investing opportunities for nearly two decades…
It all began when Overseas Property Alert Director Lief Simon, living in Ireland at the time, took a chance on me and hired me as his research assistant. Today, though we operate from different countries, I still work closely with Lief and our team of globally spread contacts to keep up to date on global markets and the hottest real estate opportunities out there…
Which brings me back to you…
Why are you thinking about buying real estate overseas?
What goals do you hope to achieve?
Here are potential reasons why it makes sense to consider an overseas property purchase right now:
Reason #1: Like real estate anywhere, real estate overseas is a hard asset, and in the uncertain times we find ourselves today, hard assets are the most sensible investment class and the best choice for storing value…
Reason #2: As with real estate anywhere, you’re buying with the hope of capital appreciation, but you can also be buying for cash flow, right now an important investment agenda…
Reason #3: Real estate overseas provides portfolio diversification. Diversification of currency, diversification of market, and diversification of asset type (rental, raw land, condo-hotel, etc.)…
Reason #4: Real estate overseas provides the opportunity for you to position yourself to profit from both expanding and crisis markets…
Reason #5: Real estate overseas can double as a retirement plan—today’s investment can be tomorrow’s retirement residence…
Reason #6: Real estate overseas can double as a holiday home, an investment that you and your family are able to use and enjoy from the day you make it…
Reason #7: Real estate overseas can be part of a legacy of wealth that you leave to your heirs…
Reason #8: Real estate overseas is safe and private, one of but two remaining asset types that an American is not required to report to the IRS every year…
Reason #9: A real estate investment overseas can bring tax advantages, including deductions you can take on your U.S. tax return…
Reviewing this list of reasons to buy real estate overseas, you notice that, big picture, it breaks itself down into two categories. Category 1: investment and category 2: lifestyle. Different agendas that, for the best results, should be considered together.
Another thing to notice about this list of reasons to put your time and money into the acquisition of real estate overseas is that, fundamentally, it’s all about diversification. This is the real advantage of this strategy—diversification of your portfolio and your assets, but diversification, too, of your life, your retirement, and your legacy.
We’re living at a time that presents the opportunity to take the investor’s profit agenda, combine it with the live-better-for-less agenda of the retiree, and transfer it overseas. An opportunity to use overseas real estate as both an investment vehicle and a strategy for a new and better life, both immediately and longer term in retirement.
Overseas real estate amounts to the surest strategy for creating and preserving legacy wealth while simultaneously reinventing your life and rescuing your retirement. Thanks to global market events of the past half-dozen years, many options exist right now for where to buy to make money while also making a new life. And thanks to the age of the internet, it’s possible today to seize these opportunities easily and cost-effectively to build a new life while staying in real-time touch with family, friends, business concerns, and investment portfolios from the old one.
The best case is when you’re able to find a piece of real estate in a place where you want to spend time, short term on vacation and long term in retirement, that also holds out the potential for an investment return, in the form of capital appreciation, rental return, or both.
Next time we’ll look at capital appreciation vs. rental return…
Till then, I hope you’ve been enjoying your free report on the top markets we’ll be keeping our eye on this year.
If you haven’t managed to take a look at it yet, be sure to download The Best Property Markets For 2020 when you get a chance.
Sincerely,
Lynn Mulvihill
Editor, Overseas Property Alert
https://www.overseaspropertyalert.com/
