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    Home > Episode > 992: International Real Estate

    992: International Real Estate Investments: Make More by Buying Abroad?

    enJuly 22, 2024
    BiggerPockets Real Estate Podcast
    What are the benefits of international real estate investing?
    How did Michael Cobb start his international investing journey?
    What challenges do investors face in developing markets?
    Why is Belize recommended for real estate investment?
    What resources help investors understand international markets?

    Podcast Summary

    • International Real Estate Investing: Diversification and investing in developing markets before they become overly popular are potential benefits of international real estate investing, while unique challenges exist in each market.

      International investing in real estate can offer diversification and the opportunity to "time travel" by investing in developing markets that are less popular and potentially offer better returns. Michael Cobb, a seasoned investor, explains that as a country becomes more popular, different opportunities and challenges arise. For instance, branded hotels may not be as profitable in less developed countries, while opportunities for growth may exist in countries that are not yet overly popular. Michael got started in international investing 32 years ago when he visited Belize with a friend and decided to invest there. He encourages those interested in international investing to consider the potential benefits, such as diversification and the ability to invest in markets before they become overly popular, but also be aware of the unique challenges each market presents.

    • International Real Estate Investing: Ensure North American standards in construction and delivery for customer expectations, popular areas offer high predictability and cash flow, and careful research and planning are essential for international real estate investing

      International real estate investing can be complex, but it also offers significant opportunities for yield and appreciation. The speaker shared his personal experience of starting a mortgage company and a development company in Belize over 28 years ago, when developers faced challenges financing sales due to lack of lending from US and Belize banks to foreigners. He emphasized the importance of ensuring North American standards in construction and delivery of properties to meet customer expectations. For investors seeking high predictability and cash flow, popular areas like the Mayan Riviera or Cancun in Central America are recommended, despite higher property prices. Conversely, countries like Nicaragua may offer potential for appreciation but little cash flow. Belize, specifically Ambergris Key, is suggested as a sweet spot for strong cash flow and affordable prices. International investing can be complicated, but with careful research and planning, it could be worth the effort.

    • Real Estate Investment Opportunities: Explore 'Rent a Retirement' programs for zero down investment and consider international real estate for diversification, but be prepared for challenges. Hire a local expert to help navigate the process.

      There are unique opportunities for real estate investment, even with zero money down, through programs like "Rent a Retirement" that offer incentives and discounts. Additionally, international investing can provide valuable diversification, but it comes with its own challenges such as navigating unfamiliar markets and finding reliable teams. To simplify the process, consider hiring a local realtor who is a Certified International Property Specialist and obtaining a local lawyer to ensure a smooth transaction. These steps can help mitigate the risks and make the most of international real estate investment opportunities.

    • International Investing: Hire professionals and maintain humility for a successful international investment experience, complying with tax and reporting requirements and avoiding potential issues.

      When investing internationally, it's crucial to take a cautious and humble approach. Hiring professionals, such as real estate agents and lawyers, in both the investing and host countries, and being aware of potential tax and reporting requirements, can help ensure a smooth and successful transaction. Additionally, acknowledging the unfamiliarity of a new legal system and embracing humility by asking questions and assuming a beginner's mindset, can help uncover potential issues and make the most informed decisions. Ultimately, the extra effort and expense of working with professionals and maintaining a humble attitude can lead to a competitive advantage in markets with fewer investors willing to make the jump.

    • Real Estate Income Potential: Host Financial focuses on income potential for real estate investors, reducing paperwork and improving financing efficiency, while PropStream offers valuable data and tools to find motivated sellers and close deals efficiently. Overseas, resort areas and non-traditional product types offer highest yield and consistency of income.

      Host Financial is revolutionizing real estate investing by focusing on the income potential of properties rather than traditional debt-to-income ratios. This means less paperwork and more efficient financing for investors. Meanwhile, PropStream provides valuable data and tools to help investors find motivated sellers and close deals efficiently. For those considering investing in real estate overseas, Michael Cobb suggests looking into resort areas for the highest yield and consistency of income, as many tourists seek out these types of locations. Additionally, there may be opportunities in non-traditional product types, like self-storage, which have not yet saturated overseas markets. Overall, these resources and strategies can help investors unlock the full potential of their real estate investments.

    • Self-storage investment in Central America: Pick a country, visit multiple times, find a reliable team, and provide excellent service for profitable self-storage investment in Central America.

      Investing in self-storage in Central America can be a profitable venture due to the demand from both American expats and local Central Americans. To get started, it's crucial to pick a country and visit multiple times, including during the low season, to fully understand the market. Finding a reliable team is essential and can be achieved through in-person meetings and effective communication. The principles of providing excellent service and building strong relationships remain the same, regardless of the investing environment. Overall, investing in self-storage in Central America requires careful research and planning, but the potential rewards make it a worthwhile endeavor.

    • Overseas real estate questions: Asking specific questions, such as ensuring hot and cold running water in all bathrooms, helps mitigate potential issues and ensure a successful investment experience in overseas real estate.

      Investing in real estate overseas comes with unique challenges that require careful consideration. Michael, an expert on international investing, emphasized the importance of asking specific questions, such as ensuring hot and cold running water in all bathrooms, before making a purchase. These questions help mitigate potential issues and ensure a successful investment experience. Michael's book, which covers 30 essential questions for overseas property buyers, is a valuable resource for those looking to expand their real estate portfolio internationally. For those interested in investing in the US, BiggerPockets offers an interactive tool that allows users to compare markets and find the best fit for their investment goals. By doing the research and utilizing available resources, investors can confidently navigate the complex world of international real estate investing.

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    How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson

    How to Retire Early with Fewer Rental Properties Than You Think w/Chad Carson
    You want to retire early, so you come up with a plan. “I’m going to buy ten rental properties and call it quits, then I’ll never have to work again.” Within a decade, you’ve got your ten rental properties, but now you want more. You buy another ten, then a big apartment complex, and now you’re raising money to buy even more. You have zero free time, investors to answer to, and a lot of stress. This wasn’t what you wanted. Let’s take it back to where you are now: how do you actually make it to early retirement? At the height of Chad Carson’s real estate investing career, he was working eighty-hour weeks flipping homes, buying rentals, and dreaming of a financial freedom-enabling portfolio. But when the market crashed, he took a step back and asked, “What do I really want?” Thus, the small and mighty investor mindset was born. Now, Chad is retired early in his forties, working just two hours per week and making six figures in passive income. Want to do it, too? Today, Chad discusses how you can build a small and mighty portfolio with fewer rentals, more cash flow, and ultimate time freedom. We’ll show you how to reverse engineer your goals to build the real estate portfolio you ACTUALLY want to own, why having hundreds of doors isn’t completely worth it, and the “metrics of success” you can use to measure your progress toward financial freedom. In This Episode We Cover: How to retire early (like Chad) with a small real estate portfolio  Why “door count” isn’t an accurate measure of success in real estate investing Reverse-engineering your financial freedom and how to start working toward it today Discovering your “why” and how NOT to get stuck in the day-to-day drudgery of adult life Measuring your progress toward financial freedom with the “metrics of success” Knowing when is “enough” and why winners know when to quit  And So Much More! Links from the Show Grab Chad’s Book, “The Small and Mighty Real Estate Investor” Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Craft Your Personal Real Estate Portfolio with “Start with Strategy” Property Manager Finder See Dave at BPCON2024 in Cancun! Who Cares About the Number of Doors You Have—Cash Flow Is What Actually Matters Chad's BiggerPockets Profile Dave's BiggerPockets Profile Door count is a terrible metric. Please stop using it. 00:00 Intro 01:56 You DON'T Need 100 Rentals 05:18 What Do You REALLY Want? 09:53 Why Work More? 14:04 Metrics of Success 23:36 Reverse Engineering Financial Freedom 26:42 Does Door Count Matter? 33:13 What is "Enough"? 37:20 The Dish Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1004 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
    BiggerPockets Real Estate Podcast
    enAugust 14, 2024
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