Hottest Real Estate Markets

Five Hottest Investment Markets for 2013
Investment Markets
Five Hottest
For 2013
Published by Live and Invest Overseas www.liveandinvestoverseas.com

A Publication of Live and Invest Overseas | www.liveandinvestoverseas.com
Five Hottest Investment Markets for 2013 By The Editors of Live and Invest Overseas Published by Live and Invest Overseas Publisher: Kathleen Peddicord
Copyright 2012 Live and Invest Overseas Inc., Altos del Golf, Loma Alegre, Los Tulipanes St., House #B1 Panama, Republic of Panama
All rights reserved. No part of this report may be reproduced by any means without the express written consent of the publisher. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. www.liveandinvestoverseas.com
Table of Contents
Introduction Where and How to Make Money in Global Investments Right Now....4 2013 Top Opportunity #1: Panamas Azuero PeninsulaAnd Its Appealingly Undiscovered West Coast.7 2013 Top Opportunity #2: Dublin Foreclosures Recession Deals Abound For Cheeky Bargain Hunters....14 2013 Top Opportunity #3: MedellinAbsolutely Low Prices, Double-Digit Net Yields20 2013 Top Opportunity #4: BrazilTop Agri-Investment for 2013 ..24 2013 Top Opportunity #5: Puerto VallartaTurn-Key Yields In A Proven Market....33 2013 Bonus Opportunity: Condo-hotels A New Kind Of Turn-Key Investment...37
Introduction
Where and How To Make Money In Global Investments In 2013
This is the best time in a long time to be in the market for international real estate. After in some cases decade-long runs into the stratosphere, property markets worldwide have settled, even collapsed. Prices some places (Ireland, for example) have fallen by 50% and more. Right now, in markets around the world, money talks. Sellers are hungry. Make an offer...almost any kind of an offer. Offer to lease. Ask for an option to buy. Negotiate owner financing. Offer to take over existing financing. Swap a piece of real estate you own in one market for one in another market where you're more interested in owning today. Sellers and developers worldwide are more willing than they've been in two decades to negotiate terms of purchase with you. No money down. No interest. Payments over time... Whether you're looking to speculate, to invest for long-term gain, or to take advantage of the current climate to purchase the retirement, holiday, or second home overseas you've been dreaming of, now is the time to act. Where in the world should you consider putting your investment dollars in 2013? The editors of Live and Invest Overseas have identified the five best real estate markets right now for the forward-thinking investor. And some of our suggestions may surprise you... What makes each of these markets in particular so full of potential? In looking at the world map, weve considered, first, markets in crisis. The opportunities for distress buying are greater right now than weve seen in more than 25 years covering this beat.
In addition, weve also looked closely at other important market factors, such as changing political circumstances...currency fluctuations...new infrastructure plans or improvements...revised tourism agendas, residency laws, and investor incentives...all of which will affect the investment climate over the coming years. To the point, weve identified five markets that are most worth your attention and your investment dollars right now. These are markets, in some cases seriously under-valued and distressed right now, that also hold out the greatest potential for long-term gain. In each case, we tell you not only where to buy...but also what. In Panama, for example, pre-construction in the capital city is no longer the play, and the other most recognized local markets in this countryBoquete, for example, and Bocas del Toroare over-priced (though less so than they were five years ago). Where should you be shopping instead? Weve identified an emerging market in this country, where raw land can be had from as little as US$1 a square meter. Remember that, when evaluating a particular investment opportunity, you need to consider the big picture. This is especially true in the developing markets were discussing here, where prices can be all over the board. At first glance, a US$10,000 price tag on a quarter-acre beachfront lot might seem an incredible bargain...especially when compared with similar lots selling for double that price just across the bay. When you look closer, though, you may find that your lot is entirely unimproved, raw land...no water, waste-water treatment system, electricity, or paved road to your property...while that US$25,000 tract has water and power and is part of a planned community with full infrastructure and amenities. Thats not to say the first lot isnt worth the investment. But when making that determination, you need to figure the cost of making it buildable...or marketable to the next buyer in line. Most important, you need to compare apples to apples. A few further caveats. First, when dealing with overseas developers and agents, remember that none of them is working for you.
Theres no such thing as a buyers agent in most of these places. These guys work for the commission, period. Second, in developing markets, youll often find two pricing levelsone for the locals...and another, suitably adjusted, for the gringo buyer. The challenge is to penetrate the gringo market and do business on the local one. Not easy. Third, whatever you might be shown on paper is a plan. Take what you can physically see as your purchase...and consider the new roadsthe marina...the airport...and any influx of tourists as bonuses when (and if) they materialize. Fourth, what youre reading here is a map to the worlds best investment opportunities for 2013. Along with this map, youll need expert guides, experienced and on-the-scene in each market. For that, read your regular issues of the Overseas Opportunity Letter and keep an eye for updates on www.LiveandInvestOverseas.com.
Lynn Mulvihill For Live and Invest Overseas www.LiveandInvestOverseas.com
P.S. Weve called this report, the Five Hottest Investment Markets for 2013, but weve added a bonus, sixth investment opportunity. Its an opportunity that we couldnt hold back from including in this report. You need to hear about each of these options. Think of it as one extra bit of information were including for you, our most appreciated readers.
2013 Top Opportunity #1:

Panamas Azuero PeninsulaAnd Its Appealingly Undiscovered West Coast
Panama remains one of the most important real estate hot spots in the world, a market that is managing to continue to expand in the face of the ongoing global near-depression. Projections for 2013 have the Panamanian economy growing by another 10% or better. Foreign interest continues strong, and its important to note that the interest in Panama real estate comes not only from Americans, but also from Europeans and Latinos. Venezuelans, Colombians, and others from across this region, looking for a place to put their money, are seeking out Panama specifically. They see it as a safe haven, and it is their continued and growing interest that is a big part of the answer to the question, Whos buying all the new Panama City apartment inventory currently coming online? As the gateway to the Americas, its geographic position has made Panama an important hub for both business and travel. Its a world-class banking center, offering tax advantages to both businesses and individuals...while its free-trade zones attract big-name manufacturers. The country is also emerging as a mainstream travel destination, offering everything from city nightlife to idyllic island retreats and rainforest adventure. With what qualifies as the worlds Gold Standard pensionado program of special benefits for retired residents, Panama has positioned herself as the new Costa Rica for retirees seeking an affordable overseas living option.
All this is not to say that you can invest anywhere in this country today and come out ahead. The days of indiscriminate Panama property investing, when you could, in fact, buy almost anything and feel confident of a good or better return, are over. The Panama City market has settled enough that its possible, for the first time in anyones memory, to find discounted and distress sales. The savvy investor today can pick up resales from North Americans hit hard by the recession and looking for quick liquidation. And, like everywhere around the world right now, sellers are more open to offers than they have been in decades. Still, to get a good deal in Panama City, you have to be on the ground, invest a lot of shoe leather and a lot of time, and choose with care. As Ive indicated, the better opportunities today are to be found outside the city. More on this in a minute. Panama continues to grow Through 2011, Panama enjoyed some of the biggest growth rates in all Latin America. Thanks to the many ambitious infrastructure projects, including the US$5.5-billion canal expansion, 2011 saw good growth of 8.5%, an excellent result if you consider the economic situation elsewhere worldwide. The infrastructure in and around Panama City is unequalled anywhere else in Central America. Nevertheless, right now, with all this rapid growth, its straining. The government is working to keep up with the rapid pace of progress, and current pro-business, pro-investment President Ricardo Martinelli is committed to pushing Panama into the First World. The Martinelli Plan calls for investing in at least two new international airports,
highway and road improvements and expansions, even a new metro system for Panama City. The expansion of the Panama Canal, a mega-project well under way, is expected to double existing capacity for this thoroughfare. The robust revenues to follow will be used to help fund Martinellis further ambitious development plans countrywide. Already, big infrastructure advancements and improvements have been realized. Central Panama City, for example, has been transformed by the brand-new bay-front pedestrian area and parkland, busy nearly any time of day or evening with Panamanians biking, jogging, roller-blading, and meandering with their children, enjoying the fruits of what started as a center-of-the-city highway-expansion project and became, before it was finished, a downtown beautification effort that has transformed central Panama City from a gritty, noisy, congested region you wanted to avoid into a grassy, palm-fringed, even peaceful oasis this city's residents are seeking out in greater numbers every day. Panamanians are proud of this well-lit, well-maintained, and surprisingly clean (crews are out every morning picking up garbage and tidying the landscaping) malecon they've built, as they should be. Panamas economy is in a class by itself in the region, with legs enough to support it, we believe, world cycles notwithstanding. While other markets in the region typically experience three- to five-year booms, we believe Panamas will continue for years more. And, as the country uses the U.S. dollar, you dont have the currency risk factor to consider as you would investing elsewhere.
For Appreciation Potential, Look Beyond Panama City However, to position yourself for the best profits today, you need to look further afield, beyond Panama City and beyond Boquete and Bocas, too, to the next localized market in this countrys path of progress.
Specifically, look west of Panama City, to Panamas Azuero Peninsula. On a map, this is the odd-shaped chunk of land dangling down from the south of the country. It is bordered by the Pacific Ocean to the south and west and by the Gulf of Panama to the east. The east coast is noticeably more developed and more populated, and tourists are finding their way here in growing numbers. They come for the surf, the good beaches, and the charming little coastal towns. Meanwhile, the western side (in the Veraguas province) remains appealingly under-developed. Up and down this western coast, its still very early days (read, very under-valued pricing). Which is just what youre looking for as an investor in search of appreciation potential. On the Veraguas side of the Azuero Peninsula, youre shopping for land, as opposed to condos or turn-key houses. This market hasnt reached a construction phase yet. The play here is to buy raw land to flip in two to three years. Along the Veraguas side of the Azuero coast (which has a paved road nearly all the way to the tip, by the waya very big plus), you can buy raw land on the ocean as I write for as little as US$5 to US$10 a square meter. The southwestern region of the province (starting at the coast near Santa Catalina and heading west) is the most under-valued area. Buying here youd wait longer for your return but you could reasonably expect it to be greater. You can buy here right now for as little as US$5 a
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square meter for oceanfront and for as little as US$1 a square meter for ocean-view. Most formal developments under way in this part of the country are little more than basic lotificationsthat is, plots of land being carved up into lots and serviced by roads and, in some cases, electricity. No further services, no amenities to speak of, no master plan, and, often, not even a private beach. The exception is Los Islotes, a fully master-planned, full-amenity private residential and retirement community. This private development will include a central town (being built in the tradition of Antigua, Guatemala and other classic Spanish-colonial towns of this region), a clubhouse, stables, underground utilities, and several phases of growth. Its possible right now, though, to buy in at the earliest stage, meaning prices are far more affordable than you might imagine when considered in the context of what youre buying. More information here. The other region of Panama wed draw your attention to is also in the Veraguas Province but not coastal. Specifically, look to the mountain town of Santa Fe. This is like Boquete but better. Id argue its prettier, and theres no question that the weather is better (Boquete can be windy and rainy). Santa Fes primary advantage over Boquete right now is its pricing. While youll pay around US$40 a square meter today to own in Boquete, you can buy serviced lots in and around Santa Fe for as little as US$6 to US$8 per square meter. Raw land outside the city can be had for less than US$1 a square meter if you buy enough of it. Recommended resources: The real estate market around Veraguas is in its infancy, meaning Englishspeaking agents are difficult to find. However, our preferred real estate agency in Panama, Inside Panama Real Estate, can help you in your property search.Get in touch with Inside Panama Real Estate here.
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Attorney Rainelda Mata-Kelly in Panama City is our number-one resource in this country, not only for legal issues, but also for all questions related to visas, residency, citizenship, taxes, property purchase, holding structures, corporations, banking, and investment incentives. Further Information on Panama: Panama Starter Kit Our ever-expanding and comprehensive Panama publication package. Note that a subscription to the Panama Letter (below) includes free access to the entire kit. The Panama Letter The comprehensive monthly Panama e-zine in which we bring you the real Panamawarts and all. The Panama Letter brings you the real Panama, warts and all. This is your chance to discover what it is really like to live in this country, without the sugar coating. This is the good, the bad, and the ugly, brought to you by a team of insiders, with, among them, decades of firsthand experience living, investing, and doing business in Panama. Understand, with their help, the opportunities that are right for you in the worlds top retirement, lifestyle, investment, doing-business, and embarking-on-a-newadventure haven. Each monthly issue spotlights a different top choice in Panama, from Panama City to Las Tablas, from Santa Fe to Boquete. Glossy magazines and websites tell you the best of Panama; the Panama Letter introduces you to all Panama. Live and Invest in Panama Conferences The only way to truly experience Panamato determine if its a place you could call homeor a place to invest. The Panama Circle The premier hand-holding VIP service we offer in Panama. Includes real estate vouchers of up to $3000, free conference attendance for life, a personal trilingual assistant, access to all of our Panama publications for life, and much, much more. Our Panama Country Page Maps, photos, and general demographic, tax, and government information. For a complete list of publications and services, visit our Live and Invest Overseas Online Store. If you have general Panama-related questions, you can reach our editorial team at: editorial@liveandinvestoverseas.com
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Why invest in Panama?

One of the strongest, fastest-growing economies in Central America, managing to side-step the global near-depression Not heavily dependent on U.S. investment Strategic position gateway to the Americas Best infrastructure in the region, constantly expanding and improving Investment opportunities to suit all budgets Cheap oceanfront land around Azuero Peninsula
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Dublin Foreclosures Recession Deals Abound For Cheeky Bargain Hunters
We first recommended Ireland as one of the world's top retirement havens more than 25 years ago. Back in the mid-1980s, Ireland was a beautiful, friendly, welcoming, safe, and unbelievably affordable place to spend your retirement years. Then the Celtic Tiger roared in, the country's property market exploded, and the cost of everything from an Irish cottage to a roast beef dinner or a pint of Guinness became so inflated that the average retiree could no longer afford a new life in the Auld Sod. The Tiger has been silenced, the property market has imploded, and prices are being slashed, cut, and discounted countrywide. And not only for real estate. The cost of nearly everything has fallen significantly in the past year. It's time for retirees to take another close look at what this still beautiful, friendly, and very safe country has to offer. The Irish construction industry, once responsible for feeding the Celtic Tiger, is in dramatic decline. Contraction within the construction industry in this country continued throughout 2011 and the number of insolvencies increased. Now the biggest dilemma for both buyers and sellers in the market is that prices are all over the place. It seems that the Irish have been so far removed from reality this past decade; we've no idea what any piece of property is worth. But with crisis comes opportunity. And, for now, the best opportunities exist for buyers in the resale sector, where prices are falling 30%...40%...as
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much as 50% and more. Today, this market feels more Latin American than European. Be in the right place at the right timewith a stressed seller on your handsand you could find an unbelievably good deal. When scouting this market, don't be put off by the listed price. Think about what the property is worth to you...what you're prepared to pay...and don't be afraid to be cheeky, as the Irish put it. You aren't going to offend anyone right now with a low-ball offer. With so little moving in the market, it's definitely worth a shot.
Dublin Auctions
As mentioned, the resales market is particularly affordable right now. In fact, its probably the only sector to consider in the marketplace. On the Copper Coast, or anywhere in Ireland for that matter, you wont find gated communities targeted at foreign buyers. Nor, will you find condo blocks overlooking the beach. Both the unpredictable climate (Ireland will never be a sun destination) and planning laws have preserved Irish coasts from becoming overbuilt. In some of the villages, and more common in the cities and suburbs, youll find newly built developments (known as housing estates to the locals). If youre merely looking for somewhere to vacation part-year, and wish to rent your home the rest of the year, then a standard three-bedroom semidetached property might appeal. Youll find new housing estates in Dunhill and Stradbally. Otherwise, these attract renters and first-time buyers trying to get on the property ladder. Thinking of buying a plot for building? We wouldnt recommend it right now. Planning laws are tight and the local authorities are careful about who they
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grant building rights to. In most cases, you need to be a local to buy land and build on it. Overseas relocation is enough work without having the quirks of the local planning office to contend with. This brings us back to the second-hand home market where you have lots of options. Recently, a friend in Ireland sent the link for one of the property auctions taking place in Dublin. Taking a close look at what was on offer, we were tempted to try to reconfigure our schedule so we could make the trip over to the Emerald Isle to be in the room to bid. When we were living in Ireland, you were lucky to get a 2% or 3% gross rental yield on the cost of a piece of property. Fortunately, carrying costs in Ireland are low. There's no property tax, for example. Still a 3% gross yield could disappear quickly with maintenance alone. But the rental yield wasn't what investors at the time were after. With real estate prices in the country appreciating by as much as 15% to 25% a year for many years running, the name of the game was capital gains. Of course, the Ponzi scheme that was the Irish real estate market finally came crashing down, starting about three years ago. Today, properties in Ireland are selling for as little as 50% and less of what they sold for pre2008. The market isn't stable enough to accept all the foreclosed real estate on the books, so the government and the banks are holding many properties to the side, especially in smaller localized markets, where the number of foreclosures as a percentage of the market overall can be ridiculously high. So, while prices for real estate in Ireland likely will fall further, especially in certain markets, you can't ignore current gross rental yields. For many of the properties included on the list for the next foreclosure auction
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taking place later this month, these are represented in the double digits based on the reserve price, or the minimum bid that will be accepted. If you pay more than the reserve price, of course, your yield goes down. Nevertheless, with so many properties available (112 properties in this auction, although not all of them have tenants currently), you have several opportunities to pick up an investment that should generate cash flow from day one. On the flip side of the equation, remember that purchasing costs in Ireland can be high. The highest rate of stamp duty, payable by the buyer upon purchase of any piece of real estate, is 9%. Fortunately, properties sold for 125,000 (currency convertor) or less currently incur no stamp duty. For any amount above that threshold, you pay 7% up to 1 million, when you reach the 9% mark. Legal fees and registration costs total 1.5% to 2.5%. If and when you eventually go to sell, you'll also have an estate agent fee to pay, usually 3% though you can negotiate that down for a higher priced property. The auction details don't include any buyer's premium disclosure, so you can assume that no additional fees are due if you win a bid. In this particular auction that we were looking at online, there were two lots that caught our attention, which were two apartments in the same building, each with the maximum reserve" of 92,500. This means that the most the reserve amount would be is 92,500, but it could be less. In other words, they don't want to announce the real reserve. Each of these apartments had tenants in place and current gross annual rents of 11,100, which equates to a 12.1% gross annual yield. There were two more lots, also in the same building, with the same reserves, but with current rents of only 10,200 and 10,800, respectively, for 11% and 11.7% gross annual yields. Again, the final auction prices could be higher than the maximum reserves, but youd have some room to bid up the prices above the maximum reserves and still be in double-digit return territory on the gross yields in this case. This apartment building is in Dublin 1, which is a convenient location that should attract tenants long term. In addition, the total transaction costs for
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these apartments were attractive, as they fall under the exempt amount for stamp duty. At the current exchange rate, you'd be looking at about US$127,000, plus legal and registration fees. Many other properties on the auction list were represented as currently earning rents that translate to double-digit annual yields. One lot caught our attention when we looked at the rent rolls provided with the listing. This building had seven units, with five currently rented. Total current rent is 33,540 a year, which projects to a 19% gross annual yield on the 175,000 maximum reserve price. Of course, the likelihood of this lot going for more than the reserve was high given the income it's producing. Assuming you get renters in the other two apartments, the total annual rent could be as much as 47,000, or almost 27% on the reserve price. This got our attention and was the motivation for consulting our travel schedule to see if we could make the trip over to Dublin. We were unable to make the trip, but if you find yourself in that area, visiting one of the upcoming auctions, focus on properties in the main cities of Dublin, Galway, and Cork. Some of the smaller cities, such as Wexford and Waterford, might offer opportunities that make sense, as well, but you are better off sticking with higher population areas. Wed also recommend that you visit any properties you're interested in in advance of the auction to see the condition of the buildings and to understand the neighborhoods. Make sure they can stay rented if they already have tenants...and that they are truly rentable if they don't. We'll be in Ireland next April for our Live and Invest in Europe Conference. Were planning to stick around a few extra days to do a little scouting and hoping that perhaps another auction will be going on around that time. For more information on current real estate investment opportunities in Ireland in general, go to: www.sherryfitz.ie. Ireland is one of the countries we feature in our How To Retire Overseas Kit, a brand-new first-ever two-part kit to help you, first, consider all the world's current top options at once (20 destinations in total), while arming you with the practical support you'll need to make your retirement dreams come true as easy
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and hassle-free as possible. Get in touch here for more information.
Why invest in Ireland?

One of the biggest crisis-investing opportunities of our lifetimes Prices of nearly everything have been drastically reduced Real estate prices have fallen as much as 50% and more Sellers willing to negotiate prices Planning laws prevent coasts from being overbuilt Old farmhouses with character and history, and plenty of farmland
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MedellinAbsolutely Low Prices, Double-Digit Net Yields
By: Kathleen Peddicord, Publisher of Live and Invest Overseas
"This is your first trip to Colombia, and you've chosen to focus on Medellin? That'll save you a lot of time. This is the place to be in this country right now..." So remarked one of the real estate agents we met with our first day in La Bella Villa, as Medellin is known. After wed spent a little more time in the city, we decided that the guy knew whereof he spoke. Medellin is impressive from the time you depart the international airport and begin to make the drive down the mountainside toward itand more so the longer youre here. The Euro-undertones are strong, from the way the women dress to the way people greet you in passing on the street. Wandering around Medellin is more reminiscent of walking around Paris than Panama City, for example. Medellin is a pretty, leafy city, a peaceful, welcoming place. Id say it would be an appealing place to retire. In addition, and to the point in this context, it boasts absolutely cheap property prices right now (you can buy in the best neighborhoods in the heart of the city for US$1,000 per square meter or less)and rental yields as high as 18% or 19% net. This is a window of opportunity. Yields this big indicate a distortion in the marketingthat wont continue indefinitely. Right now, though, this is one of our favorite rental yields markets in the world.
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Caveats and practicalities Before we get to the current investment opportunities, lets address some investing caveats for this market. First, real estate in this country is priced in pesos, meaning you have to remember the exchange rate, which fluctuates daily. The U.S. dollar has been strengthening against the peso for the past few months (the exchange rate as of this writing is 1,931 pesos to US$1), meaning that real estate prices have fallen slightly in that time in U.S. dollar terms. Where will the exchange rate stand 3, 6, or 12 months from now? We couldnt tell you, and neither could anyone else (with certainty), meaning that, living here, youd have to be prepared for ongoing ups and downs. Also note that exchange controls and other bureaucratic restrictions are in place. As an early expat in Colombia, you would need to be prepared to navigate the system. This market is still in what we refer to as the workaround stage. This leads to the next Colombia caveat, to do with taxes. Colombia (very unlike Panama) is not a tax haven, and tax rates are high. Living here, your tax liability could increase (depending on your nationality, where you hold legal residency, where your income comes from, etc.). For example, living in Colombia, you could be liable for a wealth tax (another reason to consider this lovely city for your part-, not full-time retirement home). Income tax rates in Colombia range from 0% to 33%. You reach the 33% bracket at around US$53,000, and you are charged tax on your worldwide income after five years of residency. Otherwise, youre taxed only on income generated within Colombia. As an investor, youre more interested in capital gains tax, as well as the rate of tax imposed on rental income. Both are taxed as regular income.
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Great big flashing buy signal Caveats out of the way, lets get to the point: The better we get to know this market, the more bullish we become. Specifically, where and what is the opportunity here? Youre buying for rental yield and also steady capital appreciation over the coming five years. Focus your search in the El Poblado, Envigado, Sabaneta, and Laureles neighborhoods, where you should expect to pay US$1,400 to US$1,800 per square meter for a new apartment and US$600 and US$1,200 for a resale. You should look to net 10% per annum from your rental. Agents may project 5% to 10% per year appreciation and another 5% to 10% per year from the currency exchange (assuming the peso will strengthen versus the Greenback long term). Dont believe them. At least dont count on it. Nobody knows which way the currency exchange rate will move next month much less over the coming few years. Neither can anyone guarantee appreciating property values. You have little competition right now. Its not easy to find English-speaking service providers in Medellin, creating opportunity for those willing to navigate this Spanishspeaking playing field. Meantime, Medellin isn't sitting around waiting for foreigners to discover it. Plenty of new condo construction is going on here already, and units are being absorbed at a reasonable rate. It's nothing like the level of new construction that has taken place in Panama City, for example, over the past half-dozen years. But there are more new apartment buildings going up than we would have expected, many where construction is almost complete and only a few units remain available. Who's buying the new inventory that's coming online? Local Colombians primarily (the middle class is expanding) and some Europeans. This market is developing similarly to what we saw in Panama 10 years ago. New construction is more expensive than resale, by as much as 50%. Buildings as few
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as five years old aren't interesting to local buyers, meaning new construction is more sought-after (and therefore more expensive). In addition, prices per square meter are higher for new apartments compared with older ones because new buildings and new apartment units boast more and better amenities (pools, saunas, gyms) and higher-end finishes in bathrooms and kitchens. Further reading Read more about Medellin in our full report on this beautiful city, available here. Recommended resources Rich Holman, a Texas native and five-year Colombia expat, has established a real estate agency in Medellin and is our preferred English-speaking resource in this city for both buying and renting. You can get in touch with him here. Another good real estate contact in Medellin is Marjorie White with VivaReal.com.co. Note that Marjorie speaks only Spanish. The upside is that she can help you penetrate the gringo market and consider local-level opportunities. Her e-mail address is mayowr@une.net.co. Colombia is one of the countries we feature in our How To Retire Overseas Kit, a brand-new first-ever two-part kit to help you, first, consider all the world's current top options at once (20 destinations in total), while arming you with the practical support you'll need to make your retirement dreams come true as easy and hassle-free as possible. Get in touch here for more information.
Why invest in Colombia?

A market in expansion Real estate prices that qualify as absolutely cheap Strong rental market generating net yields in the double digits Few competition right now among foreign buyers to drive prices up Stable political climate
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2013 Top Opportunity #4

BrazilTop Agri-Investment for 2013
By: Lief Simon, Investment Editor
Fortaleza, Brazil, while not a cheap retirement haven, holds one of the most fascinating agri-investment opportunities in the world right now. For this reason, weve added this area to The Worlds Best Value Destinations for Living and Investing for 2013, not necessarily for cheap living, but for the outstanding investment value. Bottom line, this Brazilian state of Ceara, where Fortaleza lies, holds out tremendous current opportunity for the individual investor, maybe some of the best in the world right now. But this opportunity is not to do with preconstruction beachfront condos (as you may have read elsewhere). The opportunity here is to do with agriculture and productive land, and, yes, it's viable for even a very small investor. Is this also a place you'd want to live? That depends... This is not a retirement haven. Fortaleza is not cheap, not generally, and especially not for those of us with U.S. dollars in our purses. It's not superexpensive, but nothing we've encountered so far qualifies as a bargain. To live, and rent, in Fortaleza, youd be looking at a monthly budget of about US$3,500. Brazil in general is not easy to navigate if you don't speak Portuguese. You can muddle your way through with Spanish, but, if you speak only English, you might feel frustrated and isolated living here, not only because of the language hurdle, but also because you'd find precious few fellow expats to pal around with.
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So, again, this isn't a place wed recommend for retirement, certainly not for retirement on a budget. If, though, your agenda is a new life of challenge and adventure, come take a look. The beaches (Brazil's trademark attraction) are what you imagine them to be (that is, long, deep, and powder soft). And the economy is booming. The entrepreneur will find opportunity. Some fundamentals:
Brazil is a big market that operates largely unto itself. It was barely touched by the crisis of 2008 and today is booming... Brazil's real estate market is driven largely by Brazilians, meaning, again, that it is not suffering as a result of what's going on in North America and Europe... Brazilians like real assets, including beach condos and productive land. That's where they continue to park their available cash...which is why prices for beachfront condos, for example, are higher than you might expect them to be (more than US$3,000 per square meter along the front line in Fortaleza, for example)... What does all that translate to for the individual investor? If you're looking for a property market where you could invest today with the expectation of any level of capital gain worth getting excited about in the next few years, good luck. It just isnt a realistic investment agenda right now. Yieldgenerating opportunities are the name of the game in the current climate. The trouble can be that neither residential nor commercial rental yields typically break 10% to 12% a year, even if the local market is strong. This is why, increasingly, the focus is on on agricultural property investment opportunities. The annual yield from an agri-investment can push above 15%. I wrote about one such opportunity, in Brazil, over the summer. That deal sold out within weeks of the launch. In the months since, the developers have worked to put together another similar project. Specifically, they've established another plantation. The crop? Coconut trees.
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So whats the deal with the coconuts? This second plantation is adjacent to the original, which makes both the management and the installation of infrastructure convenient and allows for some economies of scale. This piece of land is bigger than the first, meaning more units (although they are selling as quickly this time as they did the first time around). The offer remains fundamentally the same: A minimum investment of 2 hectares. However, the price has changed (as expected), as has the product, a bit. It's even more interesting than the product for the first offering. This second plantation will be planted with hybrid coconut trees rather than dwarf coconuts. This brings advantages. First, diversification. By planting a different kind of tree producing a different type of coconut, the developer is reducing the overall market risk for both plantations. Right now, every coconut that any plantation in Brazil is producing is finding a buyer. The demand is stronger than it's ever been and increasing month-on-month. The processing plants can't get enough coconuts and are nearly desperate for product. Still, who can say for sure about the coconut market three, five, seven years from now? Im convinced, after all the research Ive done these past few months, including touring both the original and the new plantations as well as the processing plant, that the demand is only going to increase, short, medium, and long term. But which kinds of coconuts specifically will be most sought-after a decade from today? One way to hedge the implied risk in that question is to grow more than one kind of coconut. Different types of coconuts are better for different end products. Some are better for their oil, others for their water or their meat. So while you can get all four products (meat, water, oil, and husk, plus, in fact, a few other end products...the processing plants don't waste any part of the fruit) out of any coconut, the dwarves produce more water, the hybrids more oil. The timing for harvest depends on the intended end use. You harvest coconuts for water after about 7 months of growth...for oil after about 12
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months. So, while you're harvesting coconuts from the trees every month, the objective is to get them into a growth cycle depending on their best use. While you can plant fewer hybrid coconut trees per hectare, the coconuts produced are bigger...and coconuts are sold to the processing plant not by the nut but by the kilogram. In addition, while, when being farmed for the water, the total kilogram production of a hectare is essentially the same for both types of coconut trees, when growing for the meat or oil, the hybrid trees produce twice as much per hectare, including more husk. Until recently, the husk was a waste product. Today, though, the husk is recognized as valuable for several uses, including biofuel. I spent several days on the ground in and around Fortaleza. The goal was to connect all the dots that Id been tracking, from the land to the management company, the developer, and the market. The first day I visited the land for the first plantation (the one that is already sold out). This 225-hectare property had been put together by a local Brazilian about six years ago. Of his 225 hectares, that Brazilian had planted only 20, with dwarf coconuts, then he'd hired another local guy who was given the task of caring for the trees, harvesting them, and selling the coconuts. It didn't seem that the caretaker had done much beyond harvesting enough coconuts to cover his monthly expenses and fill his belly with coconut milk. The original 20 hectares of trees were in an uncared-for state when the developer bought the property. Despite this, they were producing a good number of coconuts each month. The caretaker simply wasn't doing his job and so didn't have enough coconuts to attract a processing plant to help with the harvest. That's lesson one for any agricultural undertaking. If you simply plant the trees, be they trees growing coconuts, teak, bananas, or whatever, and leave them to grow on their own, you'll get a return, but it will be a fraction of the return you might get if you put more effort into managing the trees. Maintenance is key to helping trees grow and produce fruit. In the case of coconut trees, irrigation is one of the most important factors
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for maximizing the number of nuts produced along with fertilization. For this new plantation, the developer has contracted with a serious and long experienced coconut plantation management group to take care of the trees. The owner of this company has been raising coconuts for more than 30 years. More than that, he has been researching and testing new ways to grow trees that produce more nuts. This guy is a coconut pro. His firm will be responsible for taking care of the trees...checking for disease, trimming when necessary, and managing the watering and fertilizing levels. Again, water is critical to proper coconut production, which is why, for this new plantation, the developer is installing a localized "fertigation" (fertilization and irrigation) system that will be included as part of each plot sold. I also toured the plantation of the group that the developer has engaged for management. Again, the owner of this company has been researching coconuts for more than three decades. He started out conducting a feasibility study for the Brazilian government and has grown that initial research into a 1,500+ hectare coconut farm. But he doesn't sell any of his coconuts for processing. Instead, he uses them to grow new trees that he sells to plantations like the one the developer Ive been telling you about has planted. Most of the trees he grows and sells are hybrids. Hybrids are better. They produce more and bigger coconuts from which you get greater-than-average volumes of both oil and water. The trouble is that, if you plant the nut from a hybrid coconut tree, you aren't guaranteed to get a hybrid tree in return. The tree that results from a hybrid coconut could be more like its mother (the dwarf tree) or its father (the "gigantis" coconut tree). It could go either way. Because you can't count on Nature to produce only hybrids if you want only hybrids, this guy engineers them. That is, he grows the hybrid trees from specially cross-pollenated coconuts. The process is extremely detailed and labor intensive. Then the guy sells the baby trees to groups starting plantations for the production of coconuts. Plantation owners want the hybrids, because, again, they make more and bigger nuts. That's the second lesson in agriculture. Nature can be improved upon to
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help yield more product. However, you need the right research (and researcher) to exploit this kind of opportunity. In addition to providing the hybrid trees, the management company will provide supervisory staff and training for the caretakers of the plantation. For a plantation the size the developer is planting, you need about 5 guys checking on the trees daily, making sure that the trees are in good shape and dealing with any minor local pests, plus around 25 guys to carry out the monthly harvests. The final step in the process is selling the end product. Currently, the end product is the raw coconut, which is sold to a processing plant. Eventually, the developer may build his own processing plant to extract some additional profit. In the meantime, six processing plants are already operating in the vicinity, another five are under construction, and, they're all hungry for more coconuts to process. In fact, the plant I visited had recently bought land around the factory so they could plant their own coconut trees to help guarantee some product flow. This processing plant wants to contract with the developer to lock in a supply of coconuts for the next 10 years. Of course, they'd be locking in their cost of coconuts, as well, so the developer hasn't signed any long-term agreements yet, they currently sign agreements locking in the price for just 12 months at a time. He sees the price of coconuts going up and doesn't want to be tied into an agreement that doesn't maximize the plantation's profit potential long term. The developer has also been approached by Pepsi, which is interested in a 20-year deal. Again, though, there's the same long-term issue to do with coconut prices. In addition, Pepsi wants the coconuts for their water only, so they're offering to pay less than a plant that processes every part of the coconut. The point is, selling the end product isn't an issue. There are five processing plants in the area, Pepsi in the bid, and a number of other options. Meantime, the reality on the ground is that coconut plantations are few in Brazil. This is a growth market with lots of room to expand. Brazil itself consumes plenty of coconut water, and Pepsi and Coke want more
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production for themselves to increase their North American market (which they see growing rapidly). Brazil also has the infrastructure to process coconuts for biofuel, both the oil and the husk. The processing plant I toured burns the husks in a generator that produces energy for the plant. The process is clean and green, and they sell any extra husks to other companies with similar generators. The market risk is virtually non-existent. In the context of this investment, the country risk isn't huge--though not non-existent as Brazil tightens up on restrictions related to foreign ownership of agricultural land. Currently, the country limits foreign ownership to 2% of agricultural land. This percentage is calculated state by state, which means that, in states like Rio, where foreigners have already bought a large amount of agricultural land, the 2% limit is close to being reached. In Ceara state, where this coconut plantation opportunity is located, few foreigners have bought agri-land, so the 2% cap isn't a concern at the moment. However, in addition, Brazil requires foreigners to own a minimum of 1 hectare of agri-land. This is one reason the developer has a 2-hectare minimum investment requirement. If the government ever increases the minimum and doesn't grandfather existing owners, you'll have some cushion. Is there a downside? Currency risk has reared its head recently. However, the developer has locked in the purchase price for the land for the new plantation in U.S. dollar terms, so, even if the dollar weakens before you can invest, you pay the same dollar price. The coconuts will be sold in Brazil in reais (the plural of real), meaning that you do have some currency risk on the back side. However, it should be offset by commodity risk. In other words, if the real weakens significantly against the U.S. dollar, you should see an increase in the amount received for each coconut (assuming no long-term fixed-priced contracts are put in
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place). Perhaps the biggest risk with any investment in Brazil is getting your money out of the country. Because he recognizes this as a potential risk, as well, the developer has put in place a relationship with a currency exchange house to help with transfers of funds to make sure they go smoothly...both for the investment going in and the yield coming out. The key is making sure funds are registered properly and that taxes are paid in Brazil. Do these things carefully and correctly, and you should have no problem taking profits out of the country. One final thing to note: You take freehold title to the land, and each plot has direct access. If you're interested in more information, you can contact the developer directly here. So, again, while Brazil may not be the cheapest place to consider retiring, its definitely a place worth keeping on your radar if your retirement plan includes investing, and especially if youre thinking of investing in agriculture. Further Reading Access a full report on Brazil here or find out more on Brazil by accessing the Country Page on our website. Recommended Resources Our top resource in Brazil is attorney Bruno Almeida Brandao, who is experienced helping foreign retirees and investors open bank accounts, establish residency, and manage the real estate purchase process. Bruno Almeida Brandao Attorney At Law website: www.gomesdebarros.com.br E-mail: Bruno@gomesdebarros.com.br
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For staying compliant back in the U.S. we recommend tax attorney Chris Rusch, whom you can contact through this page. For more information on the agri-investment mentioned above, click here Brazil is one of the countries we feature in our How To Retire Overseas Kit, a brand-new first-ever two-part kit to help you, first, consider all the world's current top options at once (20 destinations in total), while arming you with the practical support you'll need to make your retirement dreams come true as easy and hassle-free as possible. Get in touch here for more information.
Why invest in Brazil?

A market with tremendous potential High demand 4 different products from the coconuts Market risk is virtually non-existent Low cost compared to most other investments
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2013 Top Opportunity #5

Puerto VallartaTurn-Key Yields In A Proven Market
For better or worse, Mexico has survived the vagaries of capricious politicians for many years. The Mexicans are an incredibly resilient people: despite suffering repeated political and economic reversals of colossal proportions, they pick themselves up, dust themselves off, and plow on, ever more determined to succeed. That is precisely what is going on today. Remember thisan entire country of 80 million souls has committed itself to a free economy by throwing off decades of protectionist barriers. Mexico has opened its doors to free trade and development and is actively seeking foreign participation in its economy. Never has the opportunity been better to jump in. This is a big, diverse country. We are most attracted to opportunities on the Pacific coast, specifically around Puerto Vallarta, which is one of the most proven rental yields markets worldwide. Turn-key yields Every real estate market has layers and levels. You can buy at the local level, which generally means a sometimes much lower price but also lower quality and higher density. You can buy in the established part of town. You can buy in a new development. Or you can buy on the edge, way out in front of everyone...in the path of progress. The Puerto Vallarta area has all of these levels of opportunity, making it one of the few markets we know that qualifies as truly for everyone. Immediately south of Puerto Vallarta has been developed over decades and is pretty much done from a new development point of view. However, a surge in
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land buying very far south by developers probably means a new round of construction in that region in the next few years. Along this part of the coast, south of P.V., you find a wide range of high-end condos and multi-million-dollar houses overlooking the beach. The feel in this area is more residential, although resorts dot the coastline. The Riviera Nayarit, the area that has our interest right now, lies north of P.V., just over the state border between the state of Jalisco (where you find Puerto Vallarta, the airport, and the cruise ship dock) and that of Nayarit. Crossing this border, you come first to Nueva Vallarta, a densely developed area of hotels and condos, golf courses, and a marina. Past Nueva Vallarta, development density lessens. At Punta Mita, there's a Four Seasons resort and a number of villa and condo developments. While there, we stayed in between Nueva Vallarta and Punta Mita, in La Cruz de Huanacaxtle, at a villa community called Vallarta Gardens. The property includes around 50 villas, several swimming pools, a clubhouse, and a restaurant. The units are built so you could rent out the entire house or individual rooms. Past Punta Mita, development density lessens again. Of note is the town of Sayulita, a tourist destination that has managed to retain its "Old Mexico" charm. Lots of restaurants, small hotels, and B&Bs right on the beach. This is the kind of town that Americans have been coming to Mexico to find for decades. The coast continues, beach after beach, bay after bay, to Playa de Tortugas and then on to San Blas, where the "Riviera" officially ends. It's a long stretch of the stuff that, as Will Rogers pointed out, nobody's making anymore of. And the Mexican government has a plan to make it more accessible. They're intending to widen the road and to build a new international airport. Meantime, the governor of Nayarit has been working aggressively to promote tourism to his region's biggest asset. Last year, he wooed a regatta that previously had been
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held in Acapulco. By offering incentives, he persuaded the regatta planners to hold their event in Nayarit instead. In other words, the path of progress is heading north. And, because this market is so diverse, your options for positioning yourself to benefit are many. Go far north, and you're really ahead of the curve. Stay between Nueva Vallarta and Punta Mita, and you're in the current area of activity. The variables to consider are proximity to P.V. town and the airport, age of construction, rentability, and, of course, cost. For what you could spend on a small condo on the water close to P.V., you could buy a villa with an ocean view about 30 to 60 minutes north. However, even through the downturn, the hotels in Nueva Vallarta maintained their historically high occupancy rates. In our mind, Puerto Vallarta, especially certain areas of this wide-and-expanding market, is Mexico's most proven rentals market. If you want to buy for yield, therefore (and, as we remind you often, this is the play to be making right now), P.V. is the place in Mexico to shop. Specifically, Puerto Bahia, a beach-view retirement community still in the early stages, offers the kinds of fundamentals we look for. For more information, take a look here. Further Reading Find out more on Mexico by accessing the Country Page on our website. For the most comprehensive introduction to Puerto Vallarta, we recommend attending our Live and Invest in Puerto Vallarta conference. Find out more information on the event here. Recommended resources Mexico is one of the countries we feature in our How To Retire Overseas Kit, a brand-new first-ever two-part kit to help you, first, consider all the world's current top options at once (20 destinations in total), while arming you with the practical support you'll need to make your retirement dreams come true as easy and hassle-free as possible. Get in touch here for more information.
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Why invest in Mexico?

Proximity to the U.S. A market with tremendous potential Buy-for-yield opportunity An established expat community Proven rental market for investment English spoken widely
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2013 Bonus Opportunity

Condo-HotelsA New Kind Of Turn-Key Investment
By: Lief Simon, Investment Editor
Not specific to any country, I want to talk about an opportunity that Ive seen emerging in a couple of different markets. First, Ill tell you about one I discovered here in Panama. While theres seemingly no end to the number of condo projects under construction and coming online in Panama City, dont be distracted by them. You can find fire sales being offered by U.S. investors deeply affected by the ongoing economic crisis and in need of quick cash, for example. However, the amount of ongoing construction (we count 23 working cranes in view from our office window) will ensure that both condo prices and rental rates, which have fallen by perhaps 20% over the past year, will remain soft for some time to come. In other words, it is possible to buy today and get a good yield on a rental investment in Panama City, but the risk of falling rents is real. That said, as we remind you often, investing for rental yields is one of the smartest long-term plays you can make in the current climate. Were focused on this strategy and aggressively on the lookout for new opportunities ourselves. Weve identified one here in Panama City, a new condo-hotel project in Bella Vista. The condo-hotel is a concept that you won't find in the United States, where their structure would put them under the jurisdiction of the SEC. However, elsewhere in the world, they can be an interesting investing option.
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Condo-hotels operate by pooling rental revenues and distributing net profits to unit owners. While each unit is individually owned, the hotel operations and financial management work like a co-op. The opportunity we've found in Panama City is a boutique hotel called Unicorn. It has 96 suites ranging in size from 47 square meters to 61 square meters. Amenities include the normal hotel fare, such as a restaurant and a bar, a gym, a pool, a business center, and meeting rooms. The developer has put together a management team to operate the hotel that has decades of experience in Panama. And he has chosen an international flag from the Carlson Group, Park Inn, for the reservation system and branding. The location in the Bella Vista neighborhood means the hotel is in an active area and one of the nicer downtown zones, with easy access to the banking district, restaurants, and parks. The target market is business travelers looking for more personalized service than generally found in the larger chain hotels in the city. Specifically, Unicorn is focusing on an all-suite platform geared toward business travelers. This is a strong and right now under-serviced niche within this market. The numbers are straightforward. Pricing and share of rental income are based on unit sizes. The smallest unit is 47 square meters and priced starting at US$255,000. The next biggest unit is 50.5 square meters, priced starting at US$273,000, and the biggest unit is 61 square meters, priced starting at US$329,000. The revenue splits are 68%, 70%, and 75%, respectively, and prices go up US$1,000 per floor in each building. This means a 50.5-square-meter unit gets 70% of the net income from the hotel, and the management company keeps 30%. Using this unit as an example, the investor would earn an average yield of 10.87% over the first
38
five years of operations. The projection for the fifth year hits 13.47%. Those are the kinds of long-term yields that can build your wealth, and you can expect some appreciation on top of them. Assuming a 4% rate of annual appreciation, your total average annualized ROI could reach 14% over the first five years. Throw in some leverage (remember, it's possible to borrow money from a bank in Panama, even as a foreigner, to purchase real estate in this country), and your returns could increase significantly. More information here. Theres a similar opportunity taking place in Uruguay. Uruguay, home to about 3.5 million people, is a generally sleepy place. The country boasts a stable economy based mostly on agriculture (along with a growing banking industry) and politics that could be described as boring (especially compared with the country's next-door neighbor, Argentina). Those things make Uruguay a great retirement destination. But investment haven? Not generally speaking. As in all markets, though, there are important exceptions. One is the tourist accommodation market--that is, hotels and short-term rentals--on stretches of this country's coast. Uruguay is "the" beach vacation destination for Argentines and Brazilians during their summer months (Christmas through February with shoulder seasons from the beginning of December and much of March). During this time, rental rates in the hottest beach spot in Uruguay, Punta del Este, are exponentially higher than during the rest of the year. You can pay US$10,000 for a month to rent an apartment on the water in Punta del Este in January that you could rent for US$1,000 a month or less in April. It's a simple case of supply and demand...and the tourism demand for beach rentals in season is growing. Tourism for Punta del Este increased 10.4% from 2006 to 2010 (about 2% a year compounded). That's not a huge figure, but you have to remember the high tourism rate for that area already in 2006, as well as the global
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economic issues (and those of Argentina, Uruguay's biggest source of tourists). In that context, it's decent growth. However, just down the beach, about 30 minutes closer to Montevideo, lies Piriapolis. Piriapolis is relatively small compared with Punta del Este, but it has many of the same amenities, including nice beaches and a marina. During that 2006 to 2010 period, tourism in this localized region increased 78.6%. Even given a much lower starting figure, that increase is huge. And it indicates that, increasingly, people are looking for less expensive options to Punta del Este. That's the market that a developer friend and colleague, David James, is looking to tap with his recently launched "Ultimate Bungalows." David has put together a rental product to allow investors to get in at a low capital investment while creating supply to feed into the growing tourism trend in this part of this country. And he's doing it all within his high-end gated community, Sugar Loaf Ocean Club & Spa. Sugar Loaf has seven completed houses with others under construction, but these houses are bigger than many short-term renters are looking for. The bungalows are designed to be modular, meaning they can be rented out individually or as a group if a family needs several rooms together. And, thanks to the modular design, investors have a chance to buy a rental unit for as little as US$99,000 (plus the cost of a furniture package, which ranges from US$8k to US$13k). In spite of the increased tourism figures, David has worked with relatively conservative numbers to project the net yields for his new bungalows. His projections are for 12.4% per year (after Uruguayan taxes) on the purchase price and 11.15% per year once you factor in an US$8,000 furniture package and the US$3,300 closing costs. That's a strong number considering, first, that the nightly rates being used for the projections are 10% to 20% lower than rates currently charged by local hotels and, second, that the projection for annual occupancy rates is only 50% (this takes into account the super low season along with the close to 100% occupancy that is reasonable to expect in the high season).
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The structure and management of the rental units works like a condo-hotel unit. Your unit will be rented out with everyone else's. Direct costs are deducted, the management company takes a fee, and you get paid the balance once Uruguayan taxes have been paid. The split of the gross profit (before taxes) is 75/25, with you as the owner getting 75%. That split is the most generous you're likely to find in the condo-hotel industry. Of course, the bungalows aren't built yet. You're looking at a preconstruction purchase with no financing available in Uruguay...so this is a cash deal. However, with prices starting at US$99,000, the capital outlay isn't overly onerous. As it's a pre-construction purchase, you put 50% down at signing. Another 20% is due 30 days after the start of construction; 20% more is due 60 days after the start of construction; and the 10% balance is paid upon completion. Total build time is expected to be four months, but David is saying six months in case some unforeseen delays occur. David launched the new bungalows to his house list a few weeks ago and so far has sold 10 out of the 32 initial units he plans. The launch has worked so well that he's already planning a price increase soon. Also, in the interest of full disclosure, I'm personally invested in the development company at Sugar Loaf (as are a few Marketwatch members). We invested several years ago at the development level when the project was launched. If you'd like more details on this rental bungalow offer, you can contact David James here.
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How To Invest Overseas

Diversifying Overseas Is More Important Than Ever
If you're an American, you should know that real estate is one of two assets you can hold offshore without triggering a reporting requirement to Uncle Sam (the other is precious metals). The real estate you hold in another country is your own business. Plus, it's unseizable. How is the IRS going to take your condo in the Philippines? You don't have to be super rich to take up the idea of buying real estate offshore as a means of protecting your wealth. Opportunities to buy land, houses, and apartments, for both investment and personal use, exist at all price levels. However, you do need a strategy, for where to buy, when to exit, and how to take your profits. Lief Simon has been making money buying and selling real estate all around the world for more than 17 years. Lief follows a time-tested, four-strategy process to earn steady and reliable profits over the long haul...to build real wealth over time. It's an approach that generates a solid income, while steadily growing your portfolio. It uses a conservative, asset-building plan that doesn't collapse when economies falter. It has allowed both Lief and his clients to keep moving steadily forward during recent and ongoing troubled times...without having to risk their wealth in speculative markets. Despite being relatively conservative, Lief's slow and steady investment program has allowed him to double his money every three to five years. Now you have the opportunity to profit alongside a proven global investor, while, critically, diversifying and safeguarding your assets offshore. What separates Lief's Global Property Investor's Marketwatch from other international property investment services? Many things, including his long experience and strong track record, of course.
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But perhaps most important is that Lief doesn't accept commissions related to any of the opportunities he presents to his members. In any case when a commission is offered, that fee is passed along as a discount to Marketwatch members who decide to invest. Lief takes a zero-tolerance position on the conflict of interest a hidden commission agenda would create. He's a plain-talking, straight-shooting guy interested only in building wealth, for himself and, now, for his Marketwatch members. If youd like to learn more, go here now.
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