Rental Properties In Medellin, Colombia

Selecting A Property Manager For Your Overseas Rental

One of the most rewarding things you can do abroad is to manage a rental. I find it enjoyable to get to know an area, pick the property, and outfit it for the rental market.

And managing a rental is also a good source of income… while sometimes also providing that income stream in another currency.

Aside from being a landlord, I’m also a fan of renting a furnished apartment for any extended stay in a foreign country, since it’s the best way to get to know a place. So I’ve got experience as both a landlord and a frequent tenant, allowing me to see both sides of the coin.

Being a landlord is not always fun. But having a good property manager can make your life a lot easier… and having a good contract with your property manager makes your eventual success far more likely.

The property manager is your representative when dealing with your renters… Continue reading

7 Tips For Restoring Real Estate Abroad

7 Tips For Restoring Real Estate Abroad

Fixer-Uppers: A Great Way To Experience The Culture And Turn A Profit

A lot of overseas buyers are drawn to the fixer-upper. That is, a home that falls somewhere on the continuum between “bring your paint brush” and a total wreck.

I’m a big fan of restorations myself, and my wife and I have done several projects overseas. Several times, we remodeled while our shipment of household goods was en route, which makes the inevitable mess much easier to handle.

One reason many of us like the fixer-upper is that they are generally selling well below market value, so the upside potential for the finished product is enticing. But also, many of us simply enjoy the work of restoring a home.

Restoring a run-down home is profitable because

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laureles-medellin-colombia

Why Laureles Is One Of Medellin’s Top Property Markets

The Perfect Blend Of Shady Neighborhoods And City Amenities

I’ve written many times that the El Poblado sector of Medellín, Colombia, is considered to be the best area of the city. And for most expats and travelers, that remains true.

But El Poblado is certainly not the first choice for everyone. Medellín has a number of equally desirable (and less expensive) areas that are gaining increased attention.

The neighborhood of Laureles is one of my favorites in the city.

Laureles offers lush, tree-lined streets in a sector crisscrossed by a few shady, divided boulevards. Among its streets you’ll discover a terrific selection of cafés, restaurants, services, and shops. There are also two attractive, wooded parks where you can relax and Continue reading

checklist for buying real estate overseas

14 Important Items To Confirm Before Buying Property Abroad

Check These 14 Important Items Before Buying Abroad

Last week, we talked about the need to rebalance our investments in the U.S. markets by diversifying abroad. And the logical follow-on to that discussion is a word on how to get started.

I’ve bought a number of overseas properties—both for personal use and as investments—and I find that evaluation of a potential property always comes back to a few simple basics. It’s a safe and secure process when you follow the rules, and use the same good sense that you’d use in your home country.

For Any Property You’re Considering, First Look At These General Items

1) Location: As anyone in the real estate business will tell you, location is paramount. You can fix almost anything else with enough time and money, but you can’t fix the location. Make sure it’s either good… or that you have a strong reason to believe it’s on its way to becoming good.

In addition to the neighborhood, also consider Continue reading

Wall Street Sign

Avoid Recession By Investing In An Overseas Property Portfolio

Applying Poker Principles To Overseas Investing

I’ve often been told that stock market investing is little more than gambling. And the way some people approach the stock market, this can be true.

Some investors seek genuine, long-term value and do a lot of research before buying. Others—the gamblers—quickly move money around in accordance with trends, momentum, and news flashes. Both types of investors can make money.

But regardless of which kind of investor you are, some of gambling’s tenets still apply. Specifically, for the sake of risk management and conservation, it’s good to “take some of your winnings off the table” after a good streak, rather than letting the entire windfall ride…

This is why I’m spending time this month doing some international rebalancing. That is, taking some funds out of Continue reading

Seaside Towns In Mexico

3 Popular Seaside Towns In Mexico Within Driving Distance Of U.S.

Drive To Your Seaside Home On The Sea Of Cortez

The most valuable convenience you can hope for when purchasing a home abroad is the ability to load up the car and drive to it… it’s one of Mexico’s biggest advantages.

Today we’re going to look at three popular spots on the Sea of Cortez, all within a day’s drive of the U.S. border: Puerto Peñasco, San Carlos, and Mazatlán.

The Sea of Cortez is the body of water that separates Baja California from the Mexican mainland, and it’s also known as the Gulf of California. It starts at the mouth of the Colorado River. The sea is noted for its warm, calm, and relatively protected waters, and for being one of the most biologically diverse seas on earth.

Anyone who has driven to western Mexico from the United States has likely skirted along the Sea of Cortez. The towns we’re going to Continue reading

Today’s Top Markets For Maximizing Your Declining Dollar Discount

Today’s Top Markets For Maximizing Your Declining Dollar Discount

Today’s Best Markets For U.S. Dollar Buying Power

The U.S. dollar came to life in 2014, after years in the doldrums. It gained dramatically against many of the world’s currencies, creating a buying opportunity for dollar-holders that was unprecedented in recent memory.

Those of us in the property investment business sent out weekly tirades, urging readers to take advantage of the buying opportunity… and frankly, thousands of you did exactly that.

But what about today? Does the U.S. dollar still hold a big advantage?

The short answer is yes… even though the U.S. dollar is off its peak against virtually every currency, it still has strong buying power in certain markets… far more buying power than it had in 2013. But in other markets, while the U.S. dollar still holds an advantage, that advantage is significantly less than Continue reading

Guarujá Brazil

Guarujá, Brazil: A Laid-Back Beach Town With Relaxed Property Prices

A Tale Of Two Cities, Part 2: Guarujá

Last week we visited Santos on the coast of the state of São Paulo in Brazil.

Just across the estuary from Santos lies Guarujá. Though only four minutes from Santos by balsa (ferry), Guarujá is quite different in many respects.

Whereas Santos bustles, Guarujá is more of a laid-back beach town. In fact, a quick search online of the top things to do in Guarujá will present a list of beaches, more beaches, and still more beaches. Oh, and the Acqua Mundo aquarium, with its sharks and penguins.

Guarujá is full of vacationing paulistanos (residents of São Paulo city) during the summer months (December to February), and again during the July holidays. Throughout the rest of the year, it lies largely dormant.

Which makes it very attractive to me.

More and more as the years pass, I value tranquility, which can be Continue reading

Brazil, Santos

Santos: Brazil’s Bustling Island City With Gardens Galore

A Tale of Two Cities, Part 1: Santos

Likely you’ve never heard of Santos. Almost certainly you’ve never heard of her sister city across the estuary, Guarujá. But every Brazilian has.

These cities lie about one hour southeast of the city of São Paulo. Each is situated on a large coastal island, and though each boasts lovely beaches, they are quite different in most other respects. This week, we’ll get to know Santos. Next week, we’ll take the ferry across to Guarujá and go exploring there.

One Of The Best Cities In Brazil—But Don’t Take My Word For It

Santos is a bustling city of about 420,000. It is, in fact, generally conceded to be the busiest port in all of South America, servicing both container and cruise ships. But Santos isn’t the grimy blue-collar town you might imagine. Around 2010, with the discovery of oil and gas reserves offshore, there was a sudden inrush of white-collar jobs. Also, many of the locals are well-paid professionals who actually work in the city of São Paulo, but who make the commute daily because they prefer to live in Santos.

Santos, in fact, regularly appears on lists of the top cities in Brazil in which to live. In 2016, Santos ranked #6 among the best cities in Brazil as determined by the United Nations, considering factors such as average level of education, life expectancy, and income. Santos was rated earlier this year as the best city in all of Brazil for those 60 and over. In a country where people are given to complaining about the government and services, everyone here speaks highly and proudly of Santos, of its superior services, safety, and high quality of life.

Santos is attractive as well. Nature has blessed her. Here, as in so many cities in Continue reading

uruguay: Lots of people, energy, and bustle in the summer, and solitude in the winter

Piriápolis: Uruguay’s Most Intriguing Seashore Town For Expats

A Seashore Town Like 1950s America

Piriápolis, is one of Uruguay’s most popular destinations, and has been a high performing property market. It’s a 1950s-style seashore destination, popular with Uruguayans, Argentines, and expats. Increasingly, it’s catching on with Brazilians and Europeans.

Piriápolis was Uruguay’s first seashore resort, founded in 1890; more than 15 years before the founding of world famous Punta del Este. It’s located between Montevideo and Punta del Este, adjacent to the lesser-known Costa del Oro.

Piriápolis seems to be on the ocean, but technically, it’s located on Río de la Plata… the river that separates Uruguay from Buenos Aires. Since the river is 129 miles wide at this point (210 km)—and your visual horizon is only about three miles—it certainly feels like you’re on the Atlantic.

 The bay at Piriápolis, with summertime swimmers

The bay at Piriápolis, with summertime swimmers

Just over an hour from Montevideo, Piriápolis has long been popular for its sandy beaches, calm waters, and attractive seafront.

When I first drove into the town of Piriápolis, it immediately brought back fond childhood memories of summers on the New Jersey shore. The old buildings, seafood restaurants, and people sunbathing or strolling along the boardwalk simply looked like life in the 50s.

With fewer than 9,000 full-time residents in town, Piriápolis never achieved the international fame of Punta del Este, and in fact, its popularity had already been eclipsed by Punta del Este just after the turn of the 20th century.

But that doesn’t mean that Piriápolis is not popular…

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