Rental Property Investment In Envigado, Medellin, Colombia

Editor's Pick—Top Rental Investment Opportunity In Our Favorite Emerging Market

Nov.11, 2014, Medellin, Colombia: Envigado is an emerging market of opportunity in Medellin, Colombia, and a top place to invest in a rental property.

Dear Live and Invest Overseas Reader,

We don't normally report on individual real estate listings in these dispatches, but Kathleen asked me to write to you today about an unusual opportunity in Medellin, Colombia, in an area that's been on the upswing for the past two years. 

A small, three-story townhouse in Envigado has just come on the market, and it's the first of its kind that I've seen for sale. The price is good, and the property is well suited for rental. The forecast net return works out to between 6.8% and 8%. 

We've written about Envigado in the past. This is the municipality adjacent to Medellin's more famous El Poblado. Over the past couple of years, the Envigado area known as Barrio Jardines has come into its own. This friendly, shady neighborhood has built a reputation as a gourmet restaurant district. New and more upscale restaurants are opening all the time. As a result, Barrio Jardines is drawing increased attention from foreign investors, travelers, and property buyers.

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Reasons To Invest In Real Estate Overseas

The Trifecta Of Global Property Investing

Nov. 10, 2014, Istria, Croatia: When investing in property overseas, try to combine personal and profit objectives.

Dear Live and Invest Overseas Reader,

"But haven't we done this already? Haven't we already bought an old stone house surrounded by mud? Isn't that what we did in Ireland? Why do you guys want to do this again?"

In 2004, my husband Lief, our two children, and I spent a week touring around Istria, Croatia, with a focused agenda. We were in the market for one of the old white stone houses you find across this peninsula. To that end, Kaitlin, 15, Jackson, 5, Lief, and I, in one car, followed our property agent, in her own car, from one stone farmhouse to another, up and down the narrow winding roads of these mountainsides, through the medieval villages, and past the ever-present fields of olive trees, grape vines, and sunflowers.

Standing in a muddy Istrian farmyard one morning of that trip, Kaitlin made the observation I share above. Probably she wasn't the only one wondering what in the world we were doing. Why had we gotten it into our heads that we wanted to buy an old stone house on the side of a mountain in Croatia?

Because we like it there and we wanted to establish a connection to this beautiful and historic part of Europe that, during previous visits, in previous years, had captured our hearts and our imaginations. We believed in the future of Croatia, a country with an extraordinarily complicated past and an extremely open-minded, forward-looking population. We recognized, at the time, that Croatia was at another turning point in its long history, and we wanted to be part of it.

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Talking Real Estate Overseas

Margarita Madness

Nov. 9, 2014, Panama City, Panama: When shopping for real estate overseas you will fall in love many times and feel overwhelmed by the beauty of each paradise. This is why it is important to make decisions with a clear, sober mind after taking a step back and analyzing your options.

Dear Live and Invest Overseas Reader,

You want to be sober when considering property purchase options in a foreign land. Certainly, you want your wits about you when it comes time to sign on the dotted line. The trouble is, in the lands of mañanas and fiestas, the rum flows and so do the promises. The key to success navigating overseas, especially in developing world real estate markets, is avoiding the liquor and turning a deaf ear to the assurances.

Here's how this will go. You'll arrive in the country where you're dreaming of launching your new life. In the terminal of the airport, the lobby of your hotel, and the restaurant down the street where you go for lunch, you'll be approached by friendly fellows with houses and beachfront lots to sell. Every taxi driver, every bar owner, every shopkeeper will have a piece of property for sale or a brother or a cousin in the real estate business. You won't have to seek out agents or developers to help you find your new home. They'll find you.

Once, years ago, in Granada, Nicaragua, I was early for a lunch meeting with a friend and decided to sit on a stool at the bar of the restaurant while I waited for my friend to arrive. Two minutes later, a fellow gringo sat down beside me.

"Hello," he offered. "Have you just gotten into town?"

"Yes," I replied.

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How To Choose A Rental Investment Property Overseas

Four Things To Know Before Investing In Rental Property Overseas

Nov. 7, 2014, Paris, France: The key to a successful rental investment overseas is the rental manager.

Dear Live and Invest Overseas Reader,

You aren't buying real estate in most of the world today for capital appreciation. It's possible in select markets, but you should think of it as the gravy. In today's global climate, you're buying for yield, for cash flow, meaning two kinds of property investments are of greatest interest right now—rental properties and dividend-producing agricultural plays.

When shopping for a rental investment overseas, target markets with tourist track records. In Paris this week, I'm reminded that this city is a top example, for it is a destination that will attract visitors even when times are tough. As long as there is money in the world, people will come to Paris to spend it.

Second, before making any rental investment, have an idea in mind of who your end-buyer would be. This helps you to put the acquisition into perspective. The French leaseback, for example, is a great hassle-free rental investment in one of the world's top tourist destinations. But it's an investment. You aren't going to live in a leaseback unit (no more than maybe several weeks a year)...and neither is anyone else. So your buyer, when you're ready to exit, will have to be another investor.

On one hand, this limits your potential universe for selling on. On the other, investors are always going to be looking for ways to own French rental units.

Meantime, an apartment in Paris (or Buenos Aires, Medellin, Panama City, or Istanbul, to name some of my favorite current markets for this kind of investment) could, theoretically, eventually be resold to another investor...or to an end-user, someone interested in residing in the city.

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Property And Lifestyle Opportunities In Santa Marta On Colombia...

A Top Caribbean Retirement Choice You've Probably Never Considered

Nov. 6, 2014, Cartagena, Colombia: Santa Marta is our top pick for investment and lifestyle opportunity on the Caribbean coast of Colombia.

Dear Live and Invest Overseas Reader,

Cartagena is Colombia's number-one draw for foreign tourists. However, just 150 miles up the Caribbean coast is Santa Marta, a much lesser-known destination that offers sandy beaches, calm waters, excellent diving, an upbeat and energetic culture, and one of the best Caribbean lifestyle options you'll find anywhere in the region.

Cartagena is a great place to visit, but it's Santa Marta where you might want to think about settling in for retirement.

Santa Marta doesn't have Cartagena's impressive collection of colonial structures, but neither does it have that city's prices or tourism annoyances. If you're shopping for a retirement in the Caribbean, Santa Marta is an option you've likely not considered but that could be ideal. And with the current resurgence of the U.S. dollar versus the Colombian peso, prices in Santa Marta are better than ever. You could own your own Caribbean seaside apartment for less than US$50,000.

Columbus visited Santa Marta on his second voyage to this part of the world in 1499. It was officially founded as a city in 1525, making it the oldest in Colombia. It was here that one of Columbus' crewmen documented the wealth and riches of the local indigenous people, giving rise to the myth of El Dorado, the fabled city of gold.

It's always warm in Santa Marta, with highs hovering in the high-80s to low-90s year-round. The rainy season lasts from May to November, turning the surrounding mountains a lush green. It's much drier the rest of the year.

As recently as three or four years ago, Santa Marta could have been described as a "work in progress." The formerly seedy downtown was undergoing a rebirth that included the restoration of the town's colonial homes, parks, and churches.

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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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