How To Buy Property Overseas

Counting The Complete Costs Of Property Ownership Overseas

Nov. 4, 2011, Medellin, Colombia: The purchase price and closing costs are only the beginning of the total cost of property ownership anywhere in the world. You must also remember the costs of taxes and, especially, homeowner, or HOA, fees, before making a property investment in another country.

Dear Live and Invest Overseas Reader,

When buying property in a foreign country, you have to consider a number of expenses beyond the initial purchase and closing costs (which can be as high as 10% in some countries). You have to understand all associated carrying costs of any foreign property investment, and you want to do this before you make a purchase.

In the United States, property taxes can be a big (maybe the biggest) cost of carrying a piece of real estate, but not all countries impose property taxes. In some countries, this carrying expense is zero; in others, it is negligible, maybe US$100 or US$200 per year.

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Property In Medellin, Colombia

Thanks To Carlos, All Is Well In Medellin

Nov. 3, 2011, Medellin, Colombia: Managing a property renovation long-distance is a risky thing. The key, as for our current property renovation in Medellin, Colombia, is the general contractor you hire.

Dear Live and Invest Overseas Reader,

At last...we have walls! Even, in some rooms, floors and ceilings!

Lief and I are in Medellin this week meeting with the contractor, Carlos, who has been managing the renovation of our apartment here. In the office in Panama City Tuesday morning before we left for the quick hop over to Medellin, our Customer Service Manager Karen asked, "So, Kathleen, what are you expecting to be done on your apartment by now?"

"I try to avoid expectations," I told Karen. "That way, any progress I find when I arrive comes as a pleasant surprise...and I'm not disappointed by what hasn't yet been accomplished."

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How To Ship Your Household Goods

Six Things You Should Know Before Shipping Your Belongings From One Country To Another

Nov. 2, 2011, Belize City, Belize: Here’s what you need to know about the logistics of shipping your personal belongings and household goods from one country to another.

Dear Live and Invest Overseas Reader,

"No matter where you decide to move overseas," writes logistics expert Bob Stevens of Belize Logistics Services, with decades of experience getting stuff of every description from one country to another, "transporting household goods and personal belongings can be one of your biggest challenges, depending what you want to move where.

"For a move to Belize, for example, where I've been living for most of my life, you could choose a moving company in the United States (or wherever you're starting out from), but that firm will have to deal with a local relocation company to get your goods into Belize, a process that can entail tedious dealings with bureaucracy the U.S. outfit isn't likely going to understand how to navigate.

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Halloween In Panama

All Hallow’s Eve, Panama-Style

Nov. 1, 2011, Costa del Este, Panama: Costa del Este, Panama, offers a very American lifestyle for would-be expats and retirees and is but one of many retirement lifestyles on offer in Panama.

Dear Live and Invest Overseas Reader,

By the end of the evening, 80 kids had assembled. We know because a count had to be made when the time came to order pizza for their dinner. They spoke Spanish and English among themselves, switching from one language to the other easily, as they ran back and forth across the wide streets, from porch to porch, shouting "Trick or Treat" in unison as each front door was opened for them. They were dressed as fairy princesses and Minnie Mouse...zombies and Captain America...clowns and skeletons...

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Travel & History In Portobelo, Panama

Why Portobelo?

Oct. 31, 2011, Portobelo, Panama: Portobelo, Panama, offers a great retire to the Caribbean lifestyle option, both in Portobelo and offshore in the Bay of Portobelo.

Dear Live and Invest Overseas Reader,

Panama's Caribbean coast is far less developed than its Pacific one. The biggest reason for this is access. Much of this country's Caribbean is inaccessible except by plane or boat. Even the stretch of Caribbean Sea nearest to Panama City, that bit that sits directly north of the capital as the crow flies, has historically been considered distant and remote.

Distant, remote, and unsafe. The good folks of Panama City have traditionally avoided Colon, the country's biggest Caribbean coastal city, and surrounding areas and, if you ask them, will warn you away, as well.

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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.

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