on Trees
12 Fixer-upper—Make Money While Learning the Local History, Language, and Culture (If You Can Survive the Experience)
1: Location Is Still King
2: Identify Your Potential Resale Buyer or Renter
3: Check the Structural Basics
4: Set Your Target Budget in Keeping with the Surrounding Market
5: Spend on Items That Produce a Return
6: As Much as Possible, Go Local for Materials and Methods
7: Be There While the Work Is Going On
8: Have the Money Before You Start the Work
9: Vet the Contractor
10: Invest in Plans
11: Consider the Geography
12: Always Hold Back Partial Payment
7 IV: World's Top Cash Flow Markets—Where to Buy Whether You Have $50,000, $250,000, or $1 Million to Invest 13 Where a Strong Dollar Creates Opportunity Strong Dollar Buy #1: Brazil Strong Dollar Buy #2: Colombia Strong Dollar Buy #3: Euroland 14 Where Tourists Rule Top Tourist Rental Buy #1: Mexico Top Tourist Rental Buy #2: Spain Top Tourist Rental Buy #3: Portugal 15 Where You Can Buy Preconstruction to Flip or Rent Top Buy-to-Flip Market #1: Panama Top Buy-to-Flip Market #2: Dominican Republic Top Buy-to-Flip Market #3: Poland 16 Where You Can Leverage Top Market for Local Leverage #1: Panama Top Market for Local Leverage #2: Portugal Top Market for Local Leverage #3: Spain 17 Where a Productive Land Investment (of Less Than $50,000) Can Deliver Regular Pension Checks for the Rest of Your Life Top Market for Agriculture #1: Panama Top Market for Agriculture #2: Colombia Top Market for Agriculture #3: Spain
8 V: How to Buy Real Estate Overseas in Eight Easy Steps 18 Do Your Research and Identify Three Destinations That Fit Your Budget and Your Lifestyle Goals 19 Figure Your Budget, Including the Round-trip Costs of Buying and Selling 20 Build an In-country Network of Reliable Contacts 21 Identify a Purchase 22 Negotiate the Purchase 23 Close the Deal 24 Take Title 25 Manage the Asset—Understanding Your Tax Obligations as an Overseas Property Investor
9 VI: How to Sell for Top Dollar Resale Tip #1: Don't Buy Common Resale Tip #2: Remember the Importance of Curb Appeal Resale Tip #3: Be Patient Resale Tip #4: Invest in Professional Photography Resale Tip #5: Pick Your Season Resale Tip #6: Write Your Own Listing Resale Tip #7: Pay Attention to Your Competition Resale Tip #8: Target the Expat Market
10 VII: How Not to Lose Money—Confessions of a Couple of Overseas Property Investors Who Have Made Costly Mistakes 26 Don't Be Tempted to Take a Second Bite 27 Know Who You're Buying With 28 Understand the Local Bureaucracy 29 Be Sure of Your Exit Market 30 Manage Your Rental Manager 31 Remember the Fundamentals
11 VIII: What Every Overseas Property Buyer Needs to Know About Transferring Money Across Borders in Our Post-FATCA, Anti-money-laundering Age Sometimes It Makes Sense to “Buy Ahead” How and Why to Open a Local Bank Account Overseas When You Exit Can You Use the Proceeds in a 1031 Like-Kind Exchange?
13 Appendix
