Travel In Medellin & Panama City

Cities In Transition, Lands Of Opportunity

Nov. 8, 2011, Panama City, Panama: Cities like Medellin, Colombia, and Panama City, Panama, are places in transition and, therefore, lands of real estate and business investment opportunity.

Dear Live and Invest Overseas Reader,

Last week in Medellin, Colombia, one afternoon, we took the Metro Cable up the side of the mountain. The trip had been recommended to us since our first visit to this city 18 months ago as the best way to get a bird's-eye view of things. Finally, we found the time and took the metro from El Poblado to the end of the line west. From there, we climbed the stairs to the departure point for the cable cars and climbed on board the next open car that passed by.

Up, up, up, the cable pulled us over the valley and to the top of the mountain, allowing us, along the way, a view not only of downtown Medellin, but also of the surrounding barrios. In these hillside neighborhoods, some accessible only on foot, people live simply.

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Travel In Copa Cabana, Colombia

The Finca Life

Nov. 7, 2011, Copa Cabana, Colombia: Copa Cabana, Colombia, is a beautiful mountain town just north of Medellin, Colombia.

Dear Live and Invest Overseas Reader,

"Once again I was pleasantly surprised," writes new Colombia Correspondent Ed Bayer. "Following my most recent visit to The Land of Eternal Spring, I continue to be overwhelmed by the open arms, genuine kindness, and unparalleled willingness of the local population to welcome Americans to their wonderful city of Medellin. On this most recent trip, I was asked by associates in the city to offer my opinion on a development project they're considering undertaking and so had a chance to travel just north of the city to a town called Copa Cabana.

"The concept is to develop a limited quantity of super-energy-efficient 'green' homes for a discriminating clientele. The homes would be constructed on 1 acre-plus parcels perched on the side of a gorgeous green south-facing slope that is part of one of the few remaining fincas nearby the city with enough land to support this concept.

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Travel And Nightlife In Medellin

Let The Good Times Roll

Nov. 6, 2011, Medellin, Colombia: Medellin, Colombia, is a city of museums, restaurants, parks, and nightclubs.

Also This Week: Thanks To Carlos, All's Well In Medellin...Six Things You Should Know Before Shipping Your Belongings From One Country To Another...All Hallow's Eve, Panama-Style...Why Portobello?...

Dear Overseas Opportunity Letter Reader,

"I'm here!" e-mailed our friend Wednesday night when he touched down in Medellin. "Let the good times roll."

Over the past 18 months, after every visit to this Colombian city, we've returned to Panama City, where friend Chris Rusch is also an expat-in-residence, and reported our discoveries.

"Medellin is great," we've been telling Chris. "The climate is great. The city is pretty. The people are friendly. The infrastructure is real-world. The hotels are a bargain. There are great restaurants and nightclubs, museums and parks. You've got to come see for yourself..."

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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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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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