Dear Live and Invest Overseas Reader,
Lee Harrison Latin America Editor
I bought a beachfront home, directly on the sand, for less than $62,000.
After furnishing the solid, 2,000-square-foot house, I proceeded to have one of the most enjoyable times of my life while living there. A retirement that dreams are made of.
And this house, on a bona-fide tropical island, was not an investment property. On the contrary, I bought it strictly to enjoy the clear water, sandy beaches, fresh seafood, and great neighbors from all around the world.
I wasn't counting on the price going up when I bought the house... but, after nine months, I sold it for $110,000.
And this wasn't the only time I had this type of luck when making real estate purchases that likewise were not “investment properties.”
A super buy at less than $62,000
I grew up in the countryside, but a year in Manhattan taught me to appreciate the fun and convenience of life in a big city. I enjoyed having great dining and entertainment and all the amenities of city life at my fingertips, without having to own a car.
And while I couldn't afford a part-time retirement home in Manhattan, I could come up with the funds to buy one in another city that really appealed to me—namely, Montevideo, Uruguay.
Located directly on one of the city's most attractive parks, we were an easy walk to the local tango clubs, orchestra, theater, street fairs, and some of the city's best dining. A spacious apartment with two bedrooms, it was a great place to live and a great place to invite guests... and it even earned a modest rental income when we weren't using it.
Again, this apartment was fulfilling a dream... it was not an “investment” property.
But after about four years we sold the downtown apartment, in just one day, for 76% more than we'd paid.
Real estate as a strategy for realizing the retirement of your dreams
Awesome location in downtown Montevideo, Uruguay
In the 13 years since I first retired, I have enjoyed some of the world's best locations for retirement... some full-time, some on a part-time basis.
For almost six years, my primary home was in Punta del Este, Uruguay, South America's #1 beach resort. With its fantastic beaches and fine dining and nightlife, it's a mecca for international travelers... and offers a super quality of life for the money.
Living the good life in Punta del Este, South America's #1 beach resort
Since retiring, I have also enjoyed a part-time home in Ecuador's Valley of Longevity. With pure air and water, the world's best weather, and some of the Andes' most staggering views, Vilcabamba is reputed to have more people over 100-years-old than anywhere else on earth.
The house in Uruguay went up 87.5% in value in six years (during the U.S. recession and housing crash)... in Vilcabamba, the home I purchased increased in value 120% in four years.
Our backyard was inspiring in Ecuador's Vilcabamba
Today the apartment I purchased as a part-time home in Medellín more than pays for itself, paying me $2,000 per month in rental income when I'm not in residence.
Now, these numbers won't make blaring newsletter headlines. These aren't claims of 10-fold increases in a few months or 38% rental returns per year. I won't make those kinds of claims because they're not realistic. They are, as they seem, too good to be true.
But that's not the point and it's not important... because that's not why I bought any of the properties I've mentioned...and it's not why you should be seriously considering this same idea right now.
I bought each one of the properties I've told you about to fulfill my dreams of a better lifestyle. I was creating my own version of the perfect retirement, and each real estate purchase has been a critically important part of realizing that objective as successfully as I have.
At the same time, because I've also been buying in countries and areas that were on the upswing, the properties paid their own way, each one covering its carrying costs, even generating profitable cash flow.
Enjoy the Caribbean's best diving and snorkeling from the comfort of your own home on this white-sand beach
In addition (and this is where this gets very exciting), each real estate investment helped to bank roll both my next real estate purchase and, in the meantime, the very appealing and adventure-filled retirement I have been enjoying with my wife all along the way.
I've owned and lived in a home in a beautiful riverfront mountain setting... two awesome downtown apartments... a large beach house on a tropical island... and a sprawling home in a famous beach resort...
And I've come away each time with more money than I'd had before the purchase.
Collectively (and this is not over-stating the fact), these purchases have enabled the amazing retirement that I've enjoyed.
Of course your “perfect escape” will be different from mine
Many people—maybe most people—would prefer to buy one carefully chosen overseas property and simply enjoy it indefinitely. The proverbial second home in the sun, perhaps...
Others would like to retire abroad full-time in a dream location, someplace where they can savor the good life with a low price tag...
And others are interested in making money, pure and simple. Investing in real estate overseas can allow you to take advantage of reliable rental returns, high yields, non-dollar income, and strong capital gains.
Regardless of the vision you have for your own quality of life or retirement, I can guarantee you that being an overseas property owner can be the best possible way to make it a reality.
Whatever your lifestyle priorities, buying property abroad can make it possible for you to realize all of them
By buying property overseas, you can...
No car needed in the world's most appealing city retirement choices
In other words, you can have your cake and eat it, too. You can enjoy the property of your dreams...and make a profit while living the good life.
Getting to this point wasn't always easy for me...but it can be much easier for you
It wasn't until I cast my sights abroad that a second home became affordable. Prior to looking overseas, the lifestyle I enjoy today simply was not within my grasp.
But now that's all changed... I've been able to take advantage of some of the best opportunities that the world has to offer, and I am enjoying an enviable new life as a result.
Although, in my case, it wasn't always easy. I had to learn a new language... and explore a number of new countries... on my own. I had to unravel the local markets, and try to discriminate a good deal from a bad one. Usually, there was no established expat community that I could learn from.
I had to find good legal support and to try to separate the crooks from the good guys in far-flung real estate markets. To be honest, it took me years of travel and investigation to identify my top picks in four countries.
And, in some ways, I was just plain lucky the way things turned out.
However, while it wasn't always easy for me... it can be much easier for you. In fact, I'll show you how to see and explore the world's best property markets... all in the same place... and all at the same time.
You'll get to see the countries... to meet market experts from around the world... and discover the best property deals and investment opportunities that each destination has to offer...
...all by joining our team of international experts for the first-ever Global Property Summit.
Global Property Summit April 14-16, 2014 Riu Hotel Panama City, Panama
Follow your dream... live the good life... make a profit
At this year's Global Property Summit, we'll help you:
Colonial charm in one of Latin America's lowest-cost cities
You do not have to buy a cookie-cutter condo in a highrise block to enjoy life, make a profit, or earn an income from international real estate. And you should not run off to make your first overseas property purchase blind.
You can buy the home of your dreams, in a location where you always wanted to be, and make money off the purchase...all while avoiding the potential pitfalls and mitigating the respective risks.
You do not have to worry about what to buy, where to buy, how to get started, or how to make sure you're not cheated or even disappointed.
Not if you join us for this one-of-a-kind event.
The toughest part of buying real estate abroad can be deciding where in the world to start looking
With so many attractive options around the world, you'll be as hard-pressed as I was just deciding where to begin.
Maybe you're fascinated by the lifestyle offered by a 16th-century Spanish-colonial city, with its cobblestone streets, stately cathedrals, and centuries-old open-air markets. The colonial-style homes with their center courtyards will take you back in time, while new, modern condos are an easy walking distance away.
Or maybe you dream of tropical beaches, a place where you could get up bright and early each morning and start each new day with a quiet walk along the beach... then finish it with an al-fresco meal of fresh-caught, wood-grilled seafood.
Of course, not everyone is a “beach” or a “city” person. Many of us prefer cooler weather, a country lifestyle, and dramatic mountain views. I used to put breakfast together by picking mangos, bananas, passion fruit, and oranges right from my own yard... while spending many an afternoon walking or riding horseback through the inspiring Andean countryside.
At the same time, I've also become a fan of sophisticated, upscale city life, especially when it comes at prices you just can't find back home. I enjoy the fine dining, well-tended parks, small cafes, and cultural attractions of a large city, all without the burden or expense of owning a car.
As I said, it can be hard to make up your mind with so many appealing choices.
And lifestyle desires aside, there are practical issues to consider when choosing where to make your real estate purchase overseas. You'll want a country with an easy and secure property purchase process... a country where your property rights are guaranteed... a safe environment... and a place where you won't spend a fortune in transfer costs or taxes.
At the Global Property Summit, we will showcase for you the best countries, the best lifestyles, the best properties, and the best investment opportunities that the world has to offer
Next we'll zero-in to walk you through how to choose the specific purchase that's right for you
I've got a lot of experience looking at real estate overseas. I have looked at hundreds of properties per year while on assignment in Latin America... yet I still have trouble zeroing-in on exactly the right property when buying for myself.
I'll sometimes show up in a city that I like—in a country that fits the bill—without taking the time to develop a clear idea of what I'm really looking for.
For example, I made three trips to Medellín during 11 months and looked at a combined total of 92 properties... all of which pretty much met the criteria that I'd specified to the real estate agent.
Why so many?
The problem was that I hadn't organized and prioritized the criteria for the property I was looking for, based on its purpose. I ended up mixing up my agendas. I was trying to shop for a place that could be my residence...that could work as a rental income property...and that offered the potential to earn a good capital gain.
I was every real estate agent's nightmare. And my search took much longer than it could have.
At the Global Property Summit, we'll walk you through the critical thinking that should go into determining the best property buy for you, depending on your agendas, objectives, and budget. Are you looking to retire overseas full-time? Or maybe part of the year?
Do you dream of your own second home in the sun? Or perhaps of a pied-a-terre in your favorite chic and cosmopolitan European city?
Perhaps you're looking to diversify your investment portfolio and make money, plain and simple.
Or maybe you'd like to combine all of those agendas...to invest in a property overseas that allows you to escape for regular holidays right now...that will be waiting for you when the day for retirement comes around and you're ready to move in full-time...and that, in the meantime, could earn you a good (or even a great) yield in the form of rental cash flow...while appreciating steadily in value year on year...
Buyers of beachfront lots at the other end of this new bridge made a handsome gain as "path of progress" investors
That's what we call a “perfect storm” property purchase, and it's very possible. At the Global Property Summit, we'll show you where to look for it and how to make it...
If you're looking to make money while diversifying your portfolio, you've come to the right place
As you've seen, a smart “lifestyle” property purchase can make you a handsome profit. However, maybe you're not so interested in the lifestyle upsides but focused squarely on the money to be made from investing in foreign real estate.
Fair enough. We like to make money, too. And, based on our very long and extensive experience at this, we can assure you that there's a lot of money to be made this way.
Bottom line, an investment in a piece of real estate overseas is the smartest thing you could do with your money right now. Like real estate anywhere, real estate overseas is a hard asset, and, in the current investment climate, hard assets are the most sensible investment class, the best choice for storing value.
Real estate overseas also means portfolio diversification—diversification of currency, diversification of market, and diversification of asset type. And it provides the opportunity for you to position yourself to profit in a long-term way that can create legacy wealth.
Furthermore, real estate overseas is one of but two remaining asset types that an American need not report to the IRS every year...meaning this is an opportunity for you to store and grow wealth privately.
And a real estate investment overseas can bring tax advantages, including deductions you can take on your U.S. tax return.
At this year's Global Property Summit, real estate investment guru Lief Simon is going to walk you through all the advantages of buying real estate overseas for investment and show you how to take full advantage of them. For this event, Lief is pulling together a solid array of investment opportunities from around the world, including pre-construction buys, condo-hotels, rental properties, commercial properties, and productive land plays. Indeed, agricultural opportunities will be a focus. At the Global Property Summit, you'll learn where and how to invest to:
Discover how to “put your property to work” by earning an income
The name of the game for the global property investor today is buying for yield. That's why agricultural opportunities will be one focus of this Global Property Summit. Another will be rental properties.
Many overseas property buyers live overseas full time, but even more of them don't. Those who don't live abroad full-time fall into two categories—people who just want the property secure...and those who want to “put the property to work” earning an income while they're not using it themselves.
Apartments in this neighborhood can earn over $2,000 per month in rental income
Here's one important fundamental in this context: Buying a rental property is not like buying your own residence. I learned this the hard way while looking at those 92 properties in Medellin. When buying a rental property, you need to minimize your investment to maximize your return... and it's critical that you spend your money on the right attributes...which vary market to market.
At this first-ever Global Property Summit, we'll make sure you have the information and insights you need to select, evaluate, and manage an income-producing property anywhere in the world:
Buying an overseas property can be made easy... and we'll arm you with what you need to know to do it securely
My first overseas property purchase took three hours from the initial offer to closing.
That sounds great, right? However, as I learned, one reason that the process can be so quick is that, sometimes, in some countries, the purchase process doesn't build in the same rights, protections, and safeguards that you may be used to.
In my case, my entire due diligence process was performed within that same three hours I mentioned above. It consisted of my lawyer scrutinizing the deed for about 30 seconds, after which he said, “Hmmm... looks good to me.”
I was lucky that time. The next time, I was less lucky.
My next transaction was to buy a property in Vilcabamba, Ecuador. The time from offer to closing was a whole day...still pretty fast, right? But what I ended up buying in this case was not the property outright but rather the rights of inheritance from the heirs of the now-deceased owner.
It was a perfectly legal title, although a type that I'd never heard of. And certainly not something I could ever hope to sell to an American or European buyer.
I finally managed to straighten this out and get a clear, freehold title. But, again, I was lucky. If it had been contested by any of the seven heirs, I'd have been sunk.
A simple purchase experience can be fine...great. You don't need the government to babysit the process for you... as long as you have the knowledge to protect yourself.
When you join us at the Global Property Summit, you will:
Making it real: We'll show you current, exciting property examples from around the world
It's critically important to learn the basics, the “rules of the road” for buying property abroad...
...but it's all hypothetical until you start looking at and sizing up real, live-time opportunities.
One of the most important benefits of the Global Property Summit is that it will allow you to see the best of what's on the market today—from around the world—all from the comfort of Panama City's beautiful Riu Plaza Hotel.
Island living less than an hour from the international airport
Here are a couple of early examples I've received from some of our event participants that will give you a feel for what you'll have access to at the 2014 Global Property Summit...
You could buy a modern, two-bedroom condo in this premier colonial city for as little as $65,000... just across from the river... positioning yourself in a market where values have appreciated 10% per year over the past six years and we predict will continue to appreciate at that level for many years to come...
If you're a beach-lover, you could own your own beach home in this country's most popular resort—complete with a view of the city's best beach and the boats bobbing at anchor in the yacht club—for only $80,000...
On this large tropical island, building lots with a clear ocean view start at just $10,350. A brand-new, beachfront condo is being offered at $98,505... while a sprawling three-bedroom beachfront house is on the market for just $128,250...
"Very impressed with expertise of the presenters, so much breadth and depth. Great information on investment opportunities and asset protection. Lots of good tips for settling in."
–Meribeth Dunsmoor, United States
In this coastal market, you could find your own three-bedroom home with an ocean view near for just $135,000. And in the nation's capital, a three-bedroom apartment on the 17th floor with one of the country's best views—of the historic center, central plaza, and the sea—is going for just $175,000...
If you want to combine the beach life with the convenience of city life, you could have a furnished apartment with a super ocean view for $165,000... on a nice swimming beach just outside the city...
If you're looking for cooler temperatures in a lush, green country setting, then you might be interested in this upscale gated community where you could own for $128k, including access to onsite pool, clubhouse, walking trails, and restaurant.
Old-World Europe for just $119,000 in this newly remodeled home
On a white-sand Caribbean beach you could own a two-bedroom, two-bath apartment with service quarters and a sea view... for an asking price of just $82,337...
Prefer Europe? How about a beautifully restored townhouse in the heart of the Old World? Set in a historic village on a narrow, cobblestone street, this home was completely remodeled in 2012. The asking price is $119,000 at current exchange rates.
These properties are great values in their respective markets and could prove the most profitable investments of your portfolio. However, I'd say that the biggest benefit of making one of these investments would be the fascinating and adventure-filled lifestyle it could lead to.
Aside from the fantastic lifestyle... the low cost of living... and the potential for profit and income, here are a few other benefits to owning a property abroad:
What we needed in these changing times
"You covered it!!! Exactly what we need to know in these changing times. So much is happening quickly worldwide and this wealth of current information is so needed now!"
–Kelly Siegfried, United States
Our international team of real estate experts will share their wealth of experience throughout the event
All speakers at the event are available for one-on-one consultations
The Global Property Summit has been put together by international real estate investor Lief Simon, managing editor of Global Property Investor's Marketwatch, the Simon Letter, and the Offshore Living Letter. Lief will also be hosting the Summit.
Lief began his career as a real estate investor by taking a $5,000 gift... and turning it into a $150,000 profit on a real estate deal. Making money from real estate has been in his blood ever since.
In fact, Lief has now purchased more than 45 properties, investing in 21 different countries around the world.
He'll tell you that a half-dozen or so were strictly intended for personal use, rather than as an investment. But I can tell you that Lief Simon doesn't buy anything that's not intended to make money.
Just take a look at some of Lief's gains achieved over the years of his career:
Lief and I approach property buying from opposite ends of the spectrum. I usually look at the country and the lifestyle first, then consider the potential earnings and gains as a secondary aspect. Lief makes sure the numbers work and the profit potential is there before getting serious about any given opportunity.
We often end up in much the same place. But as an attendee at this first-ever Global Property Summit, you'll appreciate and benefit from the difference in perspectives.
Joining Lief and me in Panama City in April 2014 for this big event will be Live and Invest Overseas Publisher Kathleen Peddicord, who will bring 30 years of hands-on experience traveling, living, and buying property around the world to the stage and to the discussions.
Kathleen Peddicord Publisher
Kathleen's latest book, How to Buy Real Estate Overseas, has quickly become the bible for anyone considering a property purchase abroad.
Considered the world's foremost authority on overseas retirement, Kathleen has traveled to more than 50 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.
Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... and most recently to Panama City, where she, her husband Lief Simon, and their young son currently make their home and base their Live and Invest Overseas business.
Thanks to her years of travels and adventures around the world, Kathleen has been able to assemble an unparalleled network of global contacts, colleagues, friends, experts, resources, expats, and advisors. This team, with many decades of combined experience, is on the move continuously in search of new opportunity.
Full and personal access to our worldwide network of property experts
Kathleen, Lief, and I have put out a call to our far-flung global network of real estate experts from Belize and Argentina, from Ireland and Italy, from Panama and Uruguay and beyond. Our colleagues, contacts, friends, and personal resources, including top developers, agents, and legal and tax advisors from the world's top havens, all will join us in Panama in April 2014 for what will be the biggest global property event of the year.
The Global Property Summit brings you a unique, cost-effective opportunity
This event will arm you with all the tools you need to:
Unbeatable lifestyle and strong rental yields
Plus, you'll see a virtual treasure trove of properties on the market today, from around the world...
...including discounts and special offers that will not be available by any other means.
And, perhaps most important, you'll have the opportunity to meet and speak in person with the best qualified and most experienced real estate professionals in the world.
PLUS: Your FREE copy of "How To Buy Real Estate Overseas"
In addition, Kathleen Peddicord is offering a personally signed copy of her latest book, How to Buy Real Estate Overseas, published earlier this year by Wiley & Sons, to all attendees at this inaugural event.
This book has quickly become the gold standard for those who want to own a second home in the sun, retire abroad, or invest in the world's top property markets.
Kathleen will sign your copy personally when she meets you at the event.
Registration for this information-packed, one-of-a-kind Summit is possible for a limited time only at these prices
The full list price of our 2014 Global Property Summitwill be $1,095 per person, and only $1,595 for two. (Yes, if you come with a spouse or partner, the second person attends for less than half-price.)
But you don't need to pay that much...
Colonial courtyard homes can be a super deal and the key to a dream retirement lifestyle
When you sign up now, you qualify for the Early Bird Discount. This will slash the cost of admission to just $845 for one person and only $1,095 for two. In other words, your guest attends for only $250. And chances are, you'll be eligible for an even better discount, in addition to the Early Bird Discount.
For starters, if you've ever attended an event with us in the past—anywhere in the world—you qualify for an automatic and additional $100 discount.
On top of all that, you may qualify for one of the following additional discounts:
So many experts in one place
"I think the info and people I've met are super high quality and in the first day has more than paid for the expense of the trip."
–Scot Cave, United States
Here's what's included with the price of admission:
Enjoy rich cafe culture
Reserve your seat today by contacting our Conference Coordinators by e-mail or by calling us toll-free at 1-888-627-8834. We’ll have you booked and ready to go in minutes.
Or, if you prefer, you can use our convenient Online Registration Form.
Global Property Summit Follow your dream... live the good life... make a profit
At the Global Property Summit you'll gain more knowledge about international property than you could learn on your own in years of research and weeks of international travel.
We'll equip you with everything you need to identify the right market for you... to find the right property for you... to buy securely... and to have your purchase “pay its own way,” if you'd like to supplement your income.
Our staff of international experts will be available to you throughout the entire event, to make sure you get what you've come for.
This is the only event of this kind that we will hold in 2014, so I urge you to sign up today. You can call our conference line toll-free at 1-888-627-8834... ...sign up online... or e-mail our Conference Coordinators, at
This Summit is the first and only event of its kind... and early polling tells us that it will be one of our most popular and well-attended conferences. We are anticipating a sell-out crowd. So I urge you to reserve your place today, while seats remain available.
I look forward to meeting up with you in Panama.
Lee Harrison Latin America Editor Live and Invest Overseas
P.S. Remember, the Early Bird Discount is available for a limited time only. If you miss this deadline, you miss out on significant savings. Register today to get the Early Bird price!
Receive a FREE copy of
The Six Cheapest Havens
To Retire In 2014
Discover the six best places in the world right now to live better and retire well...on as little as US$700 a month!
“We will not share or rent your email address to or with anyone else, period!”
Hey, I'm already a reader of Kathleen's e-letter. I don't need to see this popup ever again.