Real Estates sellers and buyers guide

DID YOU KNOW?

Buying Real Estates in another state/province of your country or overseas maybe a good strategy to consider for a much better retiring plan. And sometimes it is worth selling some properties in your Real Estates portfolio now to diversify your investment strategy. Because a home abroad can help you earn extra income and or facilitate your vacation and retirement plans. Whether you are retiring, investing, looking for a vacation home or a politically & economically stable country to move in , here are 10 best benefits of owning property in another state or outside of you country of origin:

1.  Living better abroad for pennies on the dollar.  Depending of your State/Province and Country of origin, If you are on a tight budget or struggling with very high living expenses, moving to another province or country of your choice can be a smart move. You can take advantage of a super low cost of living, as little as $1,000 per month or less.
2. .Change Life Style for less. Looking for a vacation or second home, expending your search overseas can mean spending $80,000 for a fancy house on the beach in the Dominican Republic rather than $500,000 for a home on the beach in New Jersey. For many people, purchasing abroad is what makes it possible to afford a second home at a very low price.
3.  Achieve true investment diversity. If you have a “diverse” portfolio that’s all invested in Africa markets, then your eggs are, in fact, still in one basket. Investing in another part of the world is a smart decision in case of an eventual conflict in the African region.
4. Take advantage of international asset protection. Having assets offshore makes them harder to get to. A deliveryman who trips on your sidewalk can probably get his hands on your bank accounts if he sues, but it’ll be much more difficult for him to lay claim to your condo on the beach in Panama.
5. Enjoy the security of a hard asset. In the current climate, hard assets are a sensible investment class for securely storing value. As real estate investors are fond of saying, the value of your property can’t go to zero, unlike your very risky stock acquisition. 
6. Open the door to foreign residency. Owning property overseas can give you a “foot in the door” to the country where the property is located. Whether you are looking a safer place to live or running for high taxes and life expenses, It is wise to get another place where you can hang your hat. And in many countries, owning real estate locally qualifies you for a residency visa. 
7. Store your wealth privately. Real estate overseas is a tax-efficient investment, meaning this is an opportunity for you to store and grow wealth privately.
8. Deduct travel costs from your taxes. The cost of every trip you take to visit and manage your investment properties overseas can be tax deductible.
9.  Enjoy a rich cultural experience. Owning a home of your own overseas makes you truly a local, meaning a richer cultural experience.
10. Benefit from currency diversity. Just as having all of your money in U.S. markets means you’re at the mercy of a single economy, having 100 percent of your investments in U.S. dollars means your investment future is fully dependent on the fate of the U.S. dollar.

Visit, vacation, retirement or Investment

Now that you know why a lot of people are moving or buying Real Estates in another state or country. And what really drive them to make such social and financial decisions. So, start buying a piece of Real Estate in another location at a much lower cost now before it is too late.