Investing in real estate properties abroad can be a lucrative and rewarding venture for savvy investors. Today, purchasing property overseas has become increasingly accessible to individuals seeking to diversify their investment portfolio. However, it requires a comprehensive understanding of the local market and legal framework, as shared by our guest, Evie Brooks of My Panama Vacation Realty.
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Join Evie as she shares how international investing has changed her life and how this can be possible for you too.
Key Points From This Episode:
- What made her want to migrate to Panama and invest in real estate?
- What are some of her areas of focus in her business?
- What is international investing and why might we choose to invest in another market outside of the US?
- What is the cash flow like in international investing?
- What are the other factors that we need to know about international investing?
- What kind of business plan would international investors be looking for?
- What are the other strategies than international investors should be thinking about?
“I love teaching people what I have learned just in investing in general because it works anywhere in that industry, with people wanting to look at options instead of their home country.”
“I love teaching people and as a result of that, I’m bringing to others the continued mentorship and support with all of my clients.”
“The international market is such a niche market. And it’s becoming a true buzz of what’s happening within the world, not just the United States or North America, but all over the world.”
“It’s just a fun industry. It’s like helping people improve their life without having all the pitfalls that most people do have when they try to do international investing.”
“You want to diversify your portfolio, and that’s a whole training in and of itself.”
“You need to know what those goals are. And most people don’t even know what their own goals are. So that’s the first thing I want to do: we sit down with people and help them determine what their goals are.”
“Panama is very, very, very easy. I can have someone in a deal within 72 hours, say, ‘Wow, just pictures and videos, contract signed, sealed, delivered everything done, they own the property.’”
“I’m very selective about who I work with. I do not work with just any old Joe developer, because you don’t know what you’re getting.”
“We don’t work with one developer. And if you’re working with someone, be cautious if you’re working with somebody that represents one developer.”
“You need to know what it is that you’re trying to accomplish before you go to do this.”
“In international investing, you can get into non-recourse debt deals, you can get into no credit financial requirement deals, you can get developer financing deals, if you know where to look.”
“There’s so many reasons that people want to do this and they want to go overseas or invest internationally to get their money offshore for a number of different reasons.”
“By having a diversified portfolio with international real estate, you literally have something that you can go to, if everything you’ve got just vanishes overnight.”
“I don’t look at just ROI. We look at cash on cash return on investment, because that’s what really matters. At the end of the day, how much of your money do you have tied up? And what kind of return are you receiving against what you’ve got tied up?”
“You want to be taught with somebody that really has the inroads to being able to find the deals that have true equity.”
Links Mentioned in Today’s Episode:
About Evie Brooks
Evie Brooks is an international real estate mentor, coach, and investor, with a special focus on Panama. Today, she leads My Panama Vacation Realty as an International Expat and Relocation Specialist.
Evie is a former Advanced Trainer for Rich Dad Poor Dad and holds a degree in Criminal Justice with a minor in Psychology from the University of North Georgia.
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