The lush, tropical destinations in the Caribbean and Central America draw thousands of visitors each year. Some of those visitors fall in love with these picture postcard gorgeous countries and decide to live there full-time or at least part of the year when the weather in their home country becomes unbearable.
Most people believe that a Caribbean retirement is only for the very wealthy. That’s simply not true if you know where to look. The places you’ll read about here are beautiful locations, offering a high standard of living, and a cost of living that’s a fraction of what you would spend in a similar location in the States or Canada.
If your overseas living, retirement, or snowbird dream includes powdery white sand beaches, swaying palm trees, and watching the sunset over a turquoise sea, you have plenty of options to consider among the welcoming countries that make up the Caribbean and Central American nations.
Panama, Belize, the Dominican Republic, Colombia, and even Mexico (which is technically located in North America) are some of our favorite countries in this part of the world that should be on your radar.
Just picture yourself enjoying perfect weather every day, taking daily strolls along the beach, feasting on fresh seafood and tropical fruits, and whiling away the hours reading a great book in a hammock. No more shoveling snow, driving in bad conditions, waiting for a short growing season to plant a garden, or hibernating while you wait for the weather to change. In the Caribbean and Central America, you can have the perfect tropical dream life.
Plus: A sample portfolio for buying abroad with your IRA I retired when I was 49. I did it by seizing a “second-chance opportunity” much like one that I see playing out today. In 1991, my employer offered an amazingly generous early retirement plan. In order to incentivize people to retire, they added five years
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Plus: Buying In Lagos, Portugal San Pedro Town, Belize The properties in this report are priced in U.S. dollars Belize is at the top of the list for anyone who dreams of clear, warm waters, swaying palms, sport-fishing, and white sandy beaches. It’s a well-recognized destination among North American mainstream travelers. Belize is a also
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Plus: Finding Properties On The Non-Gringo Beaches Of Nicaragua Granada, Nicaragua The properties in this report trade in U.S. dollars Over the past 15 years of scouting and evaluating overseas properties, I’ve learned to look for each location’s “specialty.” That is, the one thing it does better than anywhere else… the thing that sets it
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After 14 years of traveling and scouting properties in 17 different countries, there are not many countries left where I try to combine a real estate scouting trip with a vacation… at least not on the second or third trip. But I just realized this morning that we’ve vacationed in Nicaragua four times now. Almost
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Plus: Ecuador’s Strict Residency Requirements For Foreigners July 14, 2015 Panama City, Panama Dear Overseas Property Alert Reader, Agricultural investments have been a focus for me for the past half-dozen years. Unfortunately, as I’ve been reporting, it’s not easy to find agricultural projects geared toward the small investor. However, early 2014, I began working with
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Plus: Make Sure You Don’t Retain A State Tax Burden Abroad June 23, 2015 Medellín, Colombia Dear Overseas Property Alert Reader, You’ve been hearing a lot about rental returns lately. Over the past few years, it’s where property investors have been putting most of their attention. And along with this investment shift (from capital gains
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Plus: Seeking A Beach Property In Mazatlán June 16, 2015 Medellín, Colombia US$1=2,534 Colombian pesos Dear Overseas Property Alert Reader, Cartagena is Colombia‘s most popular tourist destination. Located on Colombia’s Caribbean coast, it’s one of the world’s few remaining walled cities. It’s a unique Spanish-colonial environment, unlike any other in the Americas. Potential expats, however,
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Plus: Managing Crime Rates And The Language Barrier May 5, 2015 Mazatlán, Sinaloa, Mexico US$1=C$1.23=15.83 Mexican pesos Dear Overseas Property Alert Reader, As you can probably tell from my recent articles on Álamos and Mazatlán, I’m spending a good bit of time rediscovering Mexico. In some ways, it’s like becoming reacquainted with an old friend.
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Plus: Looking For Projects That Are Close To Nature April 28, 2015 Mazatlán, Sinaloa, MexicoUS$1=C$1.23=15.83 Mexican pesosDear Overseas Property Alert Reader, Mazatlán, Mexico, opened its first tourist hotel and restaurant in 1850 and has been a major international tourist destination since the 1940s. It began to fall out of favor in the 1970s, as more
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An Undiscovered Trove Of Authentic Spanish Colonials I’ve just found a small treasure trove of authentic, historic properties from the Spanish colonial era. I’ve been traveling the Americas and looking at colonial homes since 1998, and I’ve never seen anything remotely like Álamos, Mexico. I’ll put this into perspective. My first choice among the properties
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