In thisweek’s episode,LiefSimon answers questions about thechanges in the investment market in 2020, investing offshore, how to prepare for an international trip, and more!
Here are the questions from today’s Live and Invest Overseas Podcast episode:
#1: Peter K.:
In my observation over the past decades I’ve noted that many “non premium” property markets can nosedive after “an event” (eg: the 2008 GFC).I’ve also observed that the said property market experiences a delayedhystericaleffect and thus I’ve seen property prices continue to decline for approximatelytwoyears before recovering and commencing to resume the price climb once more.
I’m of the opinion this time is again upon us the “event” on this occasion being the COVID pandemic. Soalthough I’m thinking of buying investment property now experience tells me to wait for at least 12to18 months more and let this play out as history has taught me in the past.Your thoughts on this,please?Do you feelthetime is good now orwould it bebest to wait for thehystericaleffect to avoid possible/likely near-term declineof property prices and thus get in somewhere near the bottom of the curve (notatthe bottom, which I know isnearly impossible topinpoint in real time).
#2: Teresa M.:
Thanks for this article about Portugal! I had a scouting trip to Portugal planned for earlier this year that was derailed by the pandemic.As soon as the opportunityarisesI’m going! I’m interested in the northern part of Portugal,not the Algarve. Can you recommendwhat I should be doing now, while I’m waiting to be able to take my trip? Thank you so much in advance.”
#3: Dennis N.:
Ireally enjoying your articles! I have a question about real estate investing overseas. I live in the U.S currently,which I don’t like,and I was thinking of investing here. I don’t have any experience with international real estate investing. I have 100k in liquid assets saved. Are overseas investments better for cash flow than U.S.? Do you have any suggestion where to start or look since you haveso muchexperience? Thank you much.
#4: Larry G.:
You need to redo your figures onthe income requirements forMexicoresidency. Consulate in Tucson says you need $1,650permonthor $45,000 in savings for one year.
You are correct. Figures were changed in February of this year. In addition, though, note that the figure varies by consulate. The figure for Sacramento, for example, is$1,500per month. You’ll wantto get the number from the consulate where you apply.
#5: Emilio P.:
Glad to hear you are updating plan B. This would be great time to inform us of the countries that require yearly stays to grant or maintain residences just likeyoudidrecentlywith the background check so we can make a more informed decision. I have never seen a list of countries that do not require it,ifthere areany. I have seen whereyoumention the time required by some countries. Bottom line are there any countries that do not require yearly time to spent in the country to get or keep a residency visa?
#6: Liz D.:
I am interested in moving overseas but am wonderingabout closed borders. Right now, I couldn’t pick up and move to most places I am looking at, even if I had the immediately-accessible means.While we can expect borders to open eventually, the U.S.response to COVIDand the possibility of a political wildfire going out of control in November (up to or including civil war regardless of who wins) make me question if all of this is so much wishful thinking. Those with vast wealth are cushioned against such concerns, but I am not… and maybe many of yourother readersare of middling-modest means also.
#7: Judith S.:
You state that the Golden Visa in Greece give you “access” to countries in the Schengen Zone. Does that mean you can also live anywhere else in the zone?
#8: George M.:
Where can I find a form or checklist that I can check my interests and desires and needs…tohelp mefind the best place for me?
Have you got a question? Submit ithere.
Keep in mind that your comment or question could be answered in a future podcast. Also, your first name, last name initial, and country of residence as submitted will be mentioned in the podcast.
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