Live and Invest Overseas
1950's Beach Fun

Dec. 12, 2008
Panama City, Panama

PLUS:
  • Salt-water Taffy, Souvenir Shops, And Fried Dough On The Boardwalk...
  • Hotel On The Beach For US$6 A Night...Or A Furnished Flat For US$240 A Month High Season...
  • Riviera What? The Next Big Thing In Mexico...
AND:
  • The Best Way To Meet Friends, Business Partners, And Sometimes More (!) Overseas...
Discover Italy

Own In The Most Overlooked And Undervalued Region In Italy

House Around Italy
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Dear Overseas Opportunity Letter Reader,

Intrepid Correspondent Paul Terhorst sends his final dispatch from India (because he's moved on now to Cambodia), with the hearty recommendation that, recent events in this country notwithstanding, you should "Come on over and check it out."

Paul continues:

"I'm on the beach in Goa. So lovely here. Today I went to a beach shack for lunch--calamari chili fry--and while sipping a beer watched a show. Local kids stuck two sets of crossed bamboo poles in the sand and stretched a tightrope between them, about two meters off the ground. Setup took only a couple of minutes. Then a 7-year-old girl climbed up and walked the tightrope. She used a balance pole, although I figure the two-meter height above the thick sand posed little risk.

"To keep her company, her older brothers pounded drums, giving the show a circus feel. Her little sister played in the sand nearby. Altogether she went back and forth along the rope five times, first by herself, then with a vase on her head, then standing on plates, and so on.. What creativity. Afterwards, they passed the hat.

"I wrote last time that, as a guess, several thousand expats live up and down the 60 miles of white-sand beach here. Some beaches have more of a resort feel, others cater more to locals. Some attract large crowds during the season, with partying on the beach at night. Some remain quiet and isolated even during high season, while others fill up with Germans on charter flights. Whatever you're looking for in a beach scene, you'll likely find it here.

"I chose Colva Beach, small, quiet, postcard beautiful. To approximate the feel of Colva Beach, think back to salt-water taffy, soda fountains, souvenir shops, fried dough, boardwalks, cafes, and bars. Indian families come here for the day, sometimes longer. There are guesthouses, rental apartments, and resorts. There are five Internet cafes. The main Goa train station is 15 minutes away, the airport 40.

"Colva Beach has two roads, one perpendicular to the beach, the other parallel to the beach and just behind it. Each road is six blocks long. The roads intersect behind the lifeguard station on the main beach. This is where locals tend to gather; at any time, perhaps a thousand Indians crowd together in the water, many with their clothes on. There are boats that pull kids around on a parachute and other boats that offer rides along the coast. Behind this main beach, there's parking, a cabstand, a rickshaw stand, and a bus stop.

"My guesthouse, the Hotel Lucky Star, is on parallel road a few blocks north. Here there's much less activity, with only a few people on the beach and even fewer in the water, mostly Westerners. There's a seafood shack on the beach every 50 meters or so.  Eat or drink something, and they give you a free beach bed for the day. Swim at your own risk here, although the surf is gentle with easy currents.

"Rent a one-bedroom flat in Colva Beach for US$180 a month, year round. The flat could be in a nearby village, on perpendicular road, or back in the jungle. These are fairly large places, I'm told, with bedroom, bathroom, living room, and kitchen. No view.

"As an alternative, a long-stay English couple told me they rent the same furnished flat every year, on perpendicular road, during the five-month high season October through February. They pay US$240 a month for the five months. Their compound has some 200 units, 50 of them rented to tourists and expats. There's a pool and other resort amenities.  

"This English couple takes the bus to market maybe three times a week. They buy fish and veggies and cook at home. The rest of the time, they eat at seafood shacks on the beach or at restaurants on one of the two roads.

"Here are pictures. First is a new housing project near my hotel. Some of the units will rent to foreigners. Next is a picture of Fishland, my favorite restaurant, across parallel road from the housing project.

"Third is a shot of the beach shacks. They take down the shacks during the four-month monsoon season (May through August) and put them up again for the season. Eat, drink, and lie in the sun, open for breakfast, lunch, and dinner.

"The final two pictures are of my room in a local homestay, before I moved to the hotel.

"My hotel room on the beach costs US$6 a night, low season. The rate goes to US$9 a night in high season. The room has a swishy fan, two beds pushed together, two nightstands, a desk, a closet, and a bathroom.

"Outside my door there's a balcony with a view of the water, restaurant, and bar downstairs. To walk to town (perpendicular road) takes 8 minutes. My favorite restaurant, Fishland, is just a few blocks farther along the road the other way.

"Idyllic. Again, I say, come on over and check it out."

Kathleen Peddicord

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The bad news is: You aren't likely to find a job on your own overseas.

But here's the good news: That doesn't mean you can't create the income you need to live where and how you want.

You could launch a new life in Paradise 90 days from today. Here's how.

---------------

TODAY:

"Riviera what?" Lief asked.

"Riviera Nayarit. It's what some marketing agency has decided, I guess, to name the 200 miles of Mexico's Pacific coast and mountains north of Puerto Vallarta."

On the one hand, it's so much marketing spin. On the other hand, it amounts to the next big thing in Mexico.

If you've never seen this stretch of coastline, you should. It's primo. Some of the nicest, most memorable blue sea and white sand anywhere.

John Huston introduced it to the world when he chose Puerto Vallarta as the setting for his filming of The Night of the Iguana. And now, investors, developers, and the Mexican government are banding together to help the world see that the beaches of Vallarta are only the beginning. They continue, just as lovely, for miles and miles...north to the colonial beach town of San Blas.

Over the next two years, US$2.4 billion is to be invested in the development of these sandy stretches. Already, there's plenty to lure you to this corner of the world--the beaches, of course, but also six major golf courses, archeological sites, and every kind of water sport and experience you could name, including swimming with dolphins and whales.
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Access is expanding. The main airport for the region is in Puerto Vallarta, and Southwest, for example, has just announced a partnership with Volaris, through which it intends to extend its reach from points around the U.S. to Puerto Vallarta starting in 2010.

One group in the area, Developer Direct, offers a Fly-and-Buy program, whereby you fly into Puerto Vallarta on your own dime...then they take care of everything else, including accommodation, meals, entertainment, a catamaran tour along this beautiful stretch of Pacific coast, even a mini-seminar on foreign property investment in Mexico.

All expenses paid for three days. More here.

MAILBAG:

"Kathleen, is there a matchmaker website like www.travelcompanion.com? My wife doesn't want to leave the States yet. It may be five years before she decides to join me, if she eventually does."

-- Anonymous

No, I don't know an international matchmaking site. But maybe you could persuade your wife to change her mind and make the move with you, at least part-time?

I certainly don't want to suggest anything that might come between husband and wife, but, in my long experience at this, one of the best ways to meet like-minded souls with similar interests in a new place is at one of our live events. This isn't our primary objective in putting them on, of course, and I make no guarantees, but our upcoming Live & Invest in Panama Conference will be an ideal forum for mingling.

The program includes cocktail parties and informal get-togethers designed to help people make friends, form business partnerships, and sometimes more...

In fact, it was on a similar event 10 ½ years ago that Lief and I met. Lief was a longtime reader on a tour of Ireland in search of real estate investment opportunities. I was leading the tour...
 
Editor's Note: Dates for our premier Live & Invest in Panama event have been finalized: May 14-16, 2009. Get your name on the list for pre-registration discounts by registering your interest here: PanamaConference@LiveandInvestOverseas.com.

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