Rolling In The Rental Income
Feb. 2, 2011, Waterford, Ireland: Top four yield-producing real estate investment markets for 2011.
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Dear Live and Invest Overseas Reader,
" Not ready to retire overseas just yet," asks Overseas Retirement Letter Editor-in-Chief Lynn Mulvihill in this month's issue, "but fancy a foreign foothold?
"Then look no further than these top investment markets for 2011.
"Each of the following cities is a location we expect to continue to perform well in terms of rental yields (all receive solid numbers of visitors every year). Investing in any one of them would be a chance for you to diversify your investment portfolio while testing the waters in a new location that might just turn out to be the overseas retirement haven with your name on it...
[myHabitat2] is a development in the heart of KL. It comprises a shopping center, offices, and residences. Serviced studios range from 603 to 1,141 square feet, and every suite is broadband-enabled and furnished with kitchen cabinets, stove, washing machine, dryer, and built-in wardrobes in all bedrooms. Onsite facilities include a 45-meter infinity pool and children's pool; squash court; gym; poolside café; and a children's playground.
Price: US$255,000 and up
Located in the heart of La Cruz, "La Joya Huanacaxtle" is a low-rise condo development on the bay. Each 1,600-square-foot unit has two bedrooms and two bathrooms and is finished with ceramic floors and mini-split air conditioners in the bedrooms, living room, dining room, and kitchen (optional). Amenities include a swimming pool, fully equipped gym, snack bar, community area, business center, and gardens. Rental program available.
Price: US$199,000 (reduced from US$240,000)
This sixth-floor apartment is in the El Cangrejo neighborhood of Panama City in a building with just two apartments per floor. The 2,017-square-foot unit has three bedrooms and three bathrooms and has been totally revamped. All bedrooms are equipped with fans and air conditioning. The apartment comes with one covered parking space. Close to movie houses, restaurants, casinos, fitness centers, and a lovely park.
Price: US$199,000
Located in the El Poblado neighborhood in the heart of Medellin, this 915-square-foot, one-bedroom apartment has views of the adjacent Campestre golf course, woods, and the city. It also has a maid's bedroom and bathroom, an office, balcony, 24-hour gated security, parking space, and a storage unit. Nearby are malls, supermarkets, restaurants, and shops. The homeowner's monthly fee is US$90.
Price: US$103,467
Kathleen Peddicord
Editor's Note: Each monthly issue of our Overseas Retirement Letter features property picks in key markets. More here...
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This Is Your Final Call
Uncle Sam is working quietly, behind the scenes, to put obstacles in place that will make it more difficult for you to broaden your horizons overseas. And much more difficult for you to be in the driver's seat of your own future.
It's not just the banking arena that's under threat.
In 2008, changes to the Veterans Act allowed for an "exit tax" on U.S. citizens who choose to leave the country and end their citizenship.
What other countries have done this in the past? Nazi Germany. Communist Russia. Apartheid South Africa...
This is your civil liberty at stake. How long before you just won't be able to get your assets out of the States?
I'm not an alarmist. I'm a pragmatist. And, as a pragmatic investor, I've seen the writing on the wall for some time. I've worked all these years and with an added sense of urgency more recently to take control of my own life, my own financial future, and, most important to me now, the future of my family.
Now I'd like to offer you a chance to do the same.
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Continue Reading:The Wall Street Journal says: "If you're thinking about living abroad in retirement, this book is essential reading..."
"Whether you're in the 'what if?' stage, or have graduated to an investigatory visit, or are now seriously intending to live overseas...the book How to Retire Overseas will be one of your essential resources." ---Rapid River Arts & Culture (Asheville, NC)
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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.
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