Join John Adams, world renowned Intl Matchmaker, Monday nights 8:30 EST for Live Webcasts!
And check out Five Reasons why you should attend a FREE AFA Seminar! See locations and dates here.


Scam free! Christian Filipina - Meet Asian women with Christian values! Members screened.
Exclusive book offer! 75% off! How to Meet, Date and Marry Your Filipina Wife



View Active Topics       View Your Posts       Latest 100 Topics       FAQ Topics       Switch to Mobile


Best country to buy Rental holdings?

Ask questions and get advice, or share advice. Disclaimer: Any advice you take here is at your own risk. We are not liable for any consequences you might incur from following someone's advice here.
Note: Before posting your question, do a search for it in the Google Search box at the top to see if it's already been addressed.

Moderators: jamesbond, fschmidt

Best country to buy Rental holdings?

Postby Renata » Tue May 06, 2014 11:44 pm

Can foreigners buy homes in the US? I read online it's possible. Would it be a 'good investment' to buy a house in FL & rent it out as a passive income?
I can live pretty comfy in many countries on a US income.
Last edited by Renata on Sun May 25, 2014 10:22 pm, edited 1 time in total.
- It's easy to give, when you know what it's like to have nothing. -

- Develop a backbone, not a wishbone. -
Renata
Experienced Poster
 
Posts: 1106
Joined: Sun May 06, 2012 11:14 pm
Location: Ireland







Postby Jester » Wed May 07, 2014 6:54 am

You can buy here but it won't give you residency.

There are always a few places in the US where home prices are low and rents are high. Just not California.

But if you're not a U.S. legal resident, you would have to put 50% down, even if you were going to live in it.

If you're going to rent it out, probably uou would need to pay all cash.

But as long as youre paying all cash, why buy in the US? Why not a free country where you can always get your money out? And that won't tax you to death on rental income?

If you check Kathleen Peddicord's newsletter, her International Living magazine, Simon Black's Sovereign Man, and the QWealth Report, and others like these, you will find places with returns in the range of 8 to 12% annual return on a cash investment, rather than 6% as is typical in most of the U.S.

For example, I think some are recommending Medellin, Colombia right now.

Personally if you are still in Antalya, I would look into Montenegro. And if the nukes start flying, Uruguay will look pretty smart.

Obviously a good property manager is the key.

I bet Momopi has this sussed out already.
"Well actually, she's not REALLY my daughter. But she does like to call me Daddy... at certain moments..."
Jester
Elite Upper Class Poster
 
Posts: 7869
Joined: Tue Jan 20, 2009 9:10 am
Location: Chiang Mai Thailand

Postby Renata » Thu May 08, 2014 8:04 pm

I don't want US residency or to live there. My sister lives in FL & it would have been convenient for her to manage the property for me, but if it's a bad investment I won't bother with it. Property there is really affordable right now as well.

Isn't it a good idea to buy property instead of leaving your cash in the bank? You can always liquidate it anytime & earn an income like rent over the years.

The big question is WHERE to buy?
- It's easy to give, when you know what it's like to have nothing. -

- Develop a backbone, not a wishbone. -
Renata
Experienced Poster
 
Posts: 1106
Joined: Sun May 06, 2012 11:14 pm
Location: Ireland

Postby Mystery Writer » Thu May 08, 2014 8:55 pm

Another avenue that foreigners can use for investment is tax lien investing. Do a search and then research the subject. Who knows? You might end up with an excellent property AND a very good rate of return for your investment.
Mystery Writer
Freshman Poster
 
Posts: 36
Joined: Mon Dec 02, 2013 8:23 pm

Postby Taco » Thu May 08, 2014 10:20 pm

Foreigners can buy houses in the US and stay up to 6 months at a time.
Taco
Elite Upper Class Poster
 
Posts: 4334
Joined: Sat Jul 09, 2011 4:30 pm

Postby Renata » Wed Jun 25, 2014 6:37 am

Hey Jester, I checked Kathleen Peddicord's newsletter, she had some good suggestions. I totally over looked Belize, it's Latin America but they speak english. Portugal looks great too, but I'm so indecisive. I looking for a property I can rent out, Not live in.
- It's easy to give, when you know what it's like to have nothing. -

- Develop a backbone, not a wishbone. -
Renata
Experienced Poster
 
Posts: 1106
Joined: Sun May 06, 2012 11:14 pm
Location: Ireland

Postby Rock » Wed Jun 25, 2014 7:36 am

I have property in SW Florida and really love it. It was cheap to buy cus I got it after crash. I stay there for a month or two a year during off season and rent it out during high season (Jan-April). After factoring in taxes, association dues, insurance, and other expenses, I more or less break even every year cash wise. Even if I were to rent it out 12 months per year, I would make only a very modest net yield (CAP rate of around 2-4% at best).

I think there may be some opportunities in Florida though where yields are much higher. Say small mobile home parks or even certain single family homes. Condos don't work well for this cus of generally high association dues.

Best yield I've been able to find anywhere is here in Makati. I found some properties which yield over 10% net here and are in decent buildings.
Rock
Elite Upper Class Poster
 
Posts: 4225
Joined: Wed Apr 21, 2010 4:16 pm

Postby Renata » Sun Jul 06, 2014 8:53 pm

Thanks for the advıce Rock, Asia might be a good option but İ've never been there. From what I've seen online Thailand looks nice.
- It's easy to give, when you know what it's like to have nothing. -

- Develop a backbone, not a wishbone. -
Renata
Experienced Poster
 
Posts: 1106
Joined: Sun May 06, 2012 11:14 pm
Location: Ireland


Return to Questions and Advice

Who is online

Users browsing this forum: No registered users and 2 guests