Live And Invest Overseas Podcast: Recent Episodes
Live And Invest Overseas
Every day in our Overseas Opportunity Letter, Live and Invest Overseas Founding Publisher Kathleen Peddicord answers questions from readers. These questions vary from where is the best place to retire on a budget, to social security, to opening a bank account overseas.
Now, Live and Invest Overseas is proud to present our Live and Invest Overseas Podcast, where readers’ questions are discussed and answered live, together with Lief Simon, Editor-In-Chief of our Offshore Living Letter. Kathleen and Lief discuss our readers’ questions with their expert knowledge in the field of retiring, living, investing, owning real estate, and starting a business overseas.
Got a question? Submit it here:
https://www.liveandinvestoverseas.com/contact-us/mailbag/
Keep in mind that that your comment or question could be answered in a future podcast. Also, your first name, last name initial, and country of residence as submitted will be mentioned in the podcast.
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Kathleen and Lief were interviewed in the Travel Squad Podcast! Check it out to learn how they managed to live, own businesses, and own property in other countries.
For more of the Travel Squad Podcast go here 👉 https://www.ivoox.com/en/podcast-travel-squad-podcast_sq_f1829918_1.html
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Buying real estate in Belize is different than buying real estate in North America. If you have decided this will be your overseas haven you need to learn the process. In this video, Belize insider Con Murphy goes through everything you need to know before you buy real estate in Belize...
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buyrealestateinbelize #liveandinvestoverseas
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Most people think that purchasing property overseas is about having a second home to go to when you want to travel abroad, or that it’s something to consider when you’re nearing retirement.
The truth is, it’s much more than just having a place to vacation or having a second home away from home. There are many perks to buying property overseas.
Editor-at-Large Kat Kalashian explains the perks and the top places to buy property in 2022.
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CountriesToBuyProperty #liveandinvestoverseas
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The second-hand market is more popular than ever thanks to this generation’s newfound love of thrift shopping and all things eco-friendly. This affordable and environmentally friendly market is the easiest way to pick up great finds for a lot less than you’d get at a retail store.
However, you need to know the dos and don’ts to avoid getting scammed. Follow this guide to shopping in Panama to make sure you find the best deals and avoid getting scammed.
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ShoppingInPanama #liveandinvestoverseas
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“Can I move my dog/cat overseas?” Yes, absolutely. Whether or not you can bring your furry friends along with you is not the main question. The main question is “How can I move my dog/cat overseas?”
Editor-at-Large Kat Kalashian answers this question in this video.
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MovingWithPetsOverseas #liveandinvestoverseas
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If you’re looking to have a nice life in a Caribbean paradise and make a tidy side income—or even a full income—Belize presents unique opportunities. Here are 19 ways expats can make money in Belize.
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makemoneyinbelize #liveandinvestoverseas
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Wondering where you should travel in 2022? Editor-at-Large Kat Kalashian breaks down the best places you should definitely visit in 2022.
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#chiangmai #liveandinvestoverseas
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Since the 1800s, the Thai city of Chiang Mai has been luring expats from the West, some come for the weather, and others are attracted to the low cost of living. It’s an area rich in history with a culture distinctly different than central and southern Thailand.
Discover what makes Chiang Mai so special and different from the rest of Thailand in this podcast.
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Getting a work visa overseas isn’t easy for a foreigner, because most countries prioritize their own citizens and place limits on the roles available to foreigners.
But it's not impossible! In this podcast, Editor-at-Large Kat Kalashian goes through the top places to get a work visa today...
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GetAWorkVisa #WorkVisa #liveandinvestoverseas
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Easygoing cultures, friendly people, warm weather and all-year sunshine. Plus, a cost of living that means your budget can stretch two, three, four, five times further than it does back home…
It all adds up to some pretty irresistible lifestyle options south of the border.
Here’s a quick tour of our top picks in the Americas to help you get acquainted… and then get off your bum.
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LiveInLatinAmerica #liveandinvestoverseas
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The Emerald Isle can be a great place for many, but it's not for everyone. Editor-at-Large Kat Kalashian and Ireland Insider Con Murphy reveal the things you should know before you move to Ireland...
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Ireland #MoveToIreland #LiveAndInvestOverseas
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Editor-at-Large Kat Kalashian answers the following question: “Do you have past articles or more information on short term renting in Europe?”
Short term renting overseas can be a challenging, so here are a few pointers to get you started...
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FindAShortTermRental #ShortTermRental #LiveAndInvestOverseas
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Moving to Belize can help you stretch your hard-earned money. This is a safe, welcoming, unassuming little country where the population values personal privacy, self-determination, and freedom.
But before you start a new life in Belize, here are some things you should know...
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MovingToBelize #LiveAndInvestOverseas
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Our real estate scout Con Murphy sits down with Editor-at-Large Kat Kalashian to reveal the top real estate markets in 2022.
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RealEstateMarkets
Discover what you need to know to live better for less in Mexico, join us at our Mexico Virtual Conference 👉 https://bit.ly/37MGggg 👈
Retirees and expats already living, investing, or doing business in Mexico. If they can do it, so can you!
But, you might not know where to start. If that's the case, here are some things to know before moving to Mexico as stated by Mexico Insider Lee Harrison...
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MovingToMexico #Mexico
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If you want to obtain residency overseas, you must understand the different types of visas the country offers. If you're not sure where to begin, here's a complete guide on the visa lingo to get you started!
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ObtainingResidencyOverseas
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Katie O'Neill and her family decided to put her home for rent and move to Paris. Here's her experience and insights when renting a home.
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RentingAHome
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Asia offers some of the world’s top options for an exotic and sublimely affordable life… But it takes an insider’s perspective to understand the ins and outs of setting up a life here.
Our editorial team has just produced the ultimate guide to living a life of adventure and discovery in Bali, Indonesia, one of the world’s most budget-friendly places to call home.
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BaliIndonesia #Bali
Find everything you need to know to move to your overseas haven👉 💥 https://bit.ly/3xNMNSp 💥 👈
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If want to move overseas but don't know where, the lifestyle you want to have might be a clue. Editor-at-Large Kat Kalashian explains...
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MoveOverseas
Finding your new home overseas can be just like falling in love. Follow along this metaphor and soon enough you'll find your overseas haven...
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MoveOverseas
Packing can be one of the biggest hurdles of a move overseas. But it doesn't have to be this way. Follow these expert tips to make your transition to your new life as smooth as possible.
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MoveOverseas
France is one of the top havens for retirees. But is it for you? Here are 30 things you need to know before moving to France to decide if this is the perfect place for you...
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#MoveToFrance #France
Moving to Panama is the best decision many expats make. However, every country has its ups and downs.
Here are some things you need to know about Panama before moving there...
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#Panama #RetireInPanama
Panama continues to be a safe haven for many expats and retirees. But where in this country should you retire?
Here are the best retirement options in Panama according to different lifestyles.
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#Panama #RetireInPanama
Special Projects Manager Kat Kalashian shares how she found out Paris was her overseas haven and why. Could the City of Lights be your haven? If not, don't worry, many other paradises are waiting for you. You just need to get out there and find them and we'll help you every step of the way.
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#Paris #LifeinParis
Editor-at-Large Kat Kalashian and Editorial Director Sophia Titley share a bit about Live and Invest Overseas’ Annual Retirement Index.
This is how Live and Invest Overseas’ Retirement Index helps you narrow down the best places for you to consider calling your new home.
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#BestPlacesToRetire #RetireOverseas
Have you been wondering where to retire overseas? We have a destination just for you!
Soft white sand, warm blue waters, great weather, a place supported by all the comforts and amenities of a city. All at an affordable price tag.
Puerto Vallarta has been growing and has become one of the most affordable ex-pat havens there is.
If you're looking for a comfortable and affordable city beach retirement, search no more. Puerto Vallarta is for you.
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#movingtomexico #retireabroad #Mexico #Retirement
The global pandemic stopped the world in 2020. A move overseas became virtually impossible with many challenges.
As everything slowly begins to take a move forward we keep getting the same question... Where is the most accessible option for living or retiring overseas?
From the residency visa program to where to settle, join us for our new podcast episode to reveal the destination.
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#movingtomexico #retireabroad #mexico
Welcome to our new podcast episode. This time we would like to ask you, would you be happy living in Belize? Belize is a great choice to retire, in fact, it's one of our top retirement heavens. It’s a small country with a lot to offer, and each town is different.
The question is…what do you want your lifestyle to look like? Different factors to consider such as the community you’ll be living with, the language spoken, the lifestyle of the area, health care options, to name a few.
Tune in to learn the everyday nuisances that will help you decide if Belize is the right spot for you. We hope to help you find the answer for you.
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How do I downsize and declutter my home to prepare for a move overseas?
This is one of the main worries for people who decide to start a new life abroad.
If you know where you want to go, here are Kathleen’s and Lief’s tips for downsizing and moving abroad:
2:36 Have a yard sale
3:38 Donate
4:18 Sell your things online
6:24 Outsource to estate sale companies
8:05 Understand what is available and at what cost at your new destination
10:58 The emotional aspect of downsizing
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#bestplacestotravel #movingoverseas
Dreading winter?
Already tired of shoveling snow and scraping ice from your windshield?
Dreaming of sunny, warm escape?
Here are our top six picks for where to go to never have to worry about winter again.
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Whether for pleasure or as a scouting trip for your retirement plans where will you travel after restrictions are lifted?
Kathleen’s and Lief’s travel destination list include Northern Cyprus which has become an attractive property market and Malta, a beautiful historic destination.
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TravelOverseas #RetireOverseas #ExpatLife #TravelAbroad
Would you like to move to Belize? If so, you might have a lot of questions about life there. What is life like for expats in this small country?
In this LIOS Podcast, Kathleen and Lief will answer just that.
While Belize offers many upsides for expats, no place is perfect. For Kathleen and Lief, these are some quirks and downsides of Belize:
- Minor language barriers due to the creole spoken by Belizeans
- Asking for directions might be confusing
- Infrastructure
- Car ownership
- Import duties
- Real estate
- Health care
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#LiveInBelize #RetireToBelize #ExpatLife
In this episode of the Live and Invest Overseas Podcast, Kathleen and Lief debunk the myth that living in Europe is expensive. They share the best seven places to live or retire in the Old World. Below is the breakdown.
3:55 Portugal. Portugal has it all, good weather, beautiful beaches, and great health care. Another benefit is that English is widely spoken in places such as The Algarve and Lisbon.
6:34 France. Tourist places like Paris will have a premium cost. However, the north and south of France can be very affordable, not to mention that France has the best health care system in the world.
8:54 Italy. Like any other place, Italy can be very cheap or very expensive. The southern part of Italy is very attractive and affordable for expats.
12:26 Spain. In Spain, life is a “fiesta”. Here you can enjoy nice weather and a slower and different lifestyle.
14:24 Malta. This is an affordable English-speaking country where any expat can obtain a residency very easily.
16:05 Greece. Greece offers a low-cost island living. You can also obtain residency with their Golden Visa program.
16:49 Cyprus. You might not have thought of this place, but Cyprus is a great alternative. English is widely spoken and you can get citizenship by investment.
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#LiveInBelize #RetireToBelize #ExpatLife
In this podcast episode, Kathleen is a guest on the Money Talks News Podcast. She shares the top places where you could retire, along with the cost of living overseas, getting a second residency, and overseas real estate purchases.
If you’re an American, this podcast will help you figure out how to work around the current travel restrictions and help you plan your retirement overseas!
Get your copy of Lief and Kathleen's new book “How To Buy Real Estate Overseas For Cash Flow (And A Better Life)”
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In this Live and Invest Overseas Podcast, Lief and Kathleen share all you need to know when getting a second residency. They answer questions such as do you need a second residency? How to obtain a second residency? How to maintain a second residency? and much more!
Get your copy of Lief and Kathleen's new book “How To Buy Real Estate Overseas For Cash Flow (And A Better Life)”
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#RetiringAbroad #SecondResidency #LiveandInvestOverseas
Offshore Living guru Lief Simon continues to answer your questions in this week's podcast. This week's questions are about finding work or starting a company, collecting Social Security overseas, finding someplace not humid to retire to, and more.
The questions addressed in this podcast are:
#1: Al M.
I am hoping to move to Panama around June 2021. I am a painter/plasterer. Will I be able to find work with a company or should I start my own company? What is the easiest and correct process to go about this the right way? Thanks for any information you can offer.
#2: Mary G.
If I move to Portugal, can I still collect my Social Security income and would that be taxed?
#3: Ramon F.
Where in the world would you relocate to that has an arid climate as opposed to a humid climate?
#4: Peter C.
What is the best area in the Cayo for internet reception? How would I find a rental in that area?
#5: John P.
What annual return do you look for when investing in real estate overseas?
#6: Steven G.
Is it possible for an individual business owner to retain earnings overseas the way big corporations do?
#7: Kim A.
I imagine we cannot get a U.S. mortgage to invest in other countries, is that right? What are the mortgage rates in other countries? Do they pull credit reports like they do in the United States?
Use this link to get your copy of Lief and Kathleen's new book “How To Buy Real Estate Overseas For Cash Flow (And A Better Life)”
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Lief takes the wheel in this episode of the Live and Invest Overseas Podcast. He answers questions regarding long-term rentals, investments for non-U.S. investors, medical insurance, tax returns, and more.
The questions addressed in this podcast are:
**#1: Marco B.**
I was wondering if you will present any solutions for non-U.S. investors at the conference in September? Will you talk about investments suited for European investors? Both legally and practically.
**#2: Richard W**
I am an Irish citizen. My wife is an American citizen. We presently reside in Florida, but we would like to move to Portugal on a long-term basis. Where would you suggest that we look for long-term rentals with a maximum rental expenditure of say 1,600 euro per month?
#3: Patricia T.
We would like to spend some time, maybe one to three months, in Ireland. We are active older folks that bike, hike, canoe, explore, and love adventure. Where is the best place to start? We prefer to rent.
**#4: David D.**
What medical insurance is applicable in the Algarve?
**#5: Gene S.**
Kathleen and Lief, I met you in Panama about five years ago and invested in the mango plantation you have written about. I created a Nevis LLC to hold the property but because of local (Hawaii) investment account restrictions I had the proceeds deposited into my personal checking account. Now I have gotten a notice about Nevis requiring a simplified tax return (STR). I am wondering if I should just dissolve the LLC? I am wondering what you have heard about this tax return? What do you think
Thank you.
**#6: Carl K.**
Any idea when the ban for EU travel for U.S. citizens will be lifted?
**#7: Nancy M.**
Kathleen, I attended a workshop of yours several years ago. It really got me moving, and I bought a house in in Ireland. And my friend bought a traditional cottage and then inherited one! We have both been trying to figure out what the procedure is to be able to extend a stay to five to six months instead of the three allowed to tourists. Ideally, we would even like to be able to stay full time. Could you explain what our options are?
Get your copy of Lief and Kathleen's new book “How To Buy Real Estate Overseas For Cash Flow (And A Better Life)”
Lief and Kathleen share their failed real estate purchases overseas hoping that these experiences will help you to avoid making the same mistakes as you look to invest in real estate overseas.
Lessons from Lief and Kathleen's failed real estate purchase experiences:
Diversification is key
• Don't buy a second unit in the same project (before the project is completed and seeing returns)
• Don't buy something if you don't know the market you're buying into
• Who's going to rent or buy your property and who's your competition
• The key to success is getting the right rental manager
• Buy based on a reasonable expectation of cash flow, and not a promise of appreciation (which may or may never appear)
Use this link to get your copy of Lief and Kathleen's new book “How To Buy Real Estate Overseas For Cash Flow (And A Better Life)”: https://bit.ly/32q43vW ⬅️ ⬅️ ⬅️
How to buy property overseas?
Buying for retirement or a second home will have different criteria than buying for pure profit and return.
So, how do you size up one property purchase opportunity versus another?
Here are 8 points you should consider:
1. How much space do you need? Do you want an apartment or house? Would you like 1 bedroom or 2? Would you prefer 2 levels or only 1? Will you want a guest room or guest house?
2. Would you like to have a front yard, back garden, swimming pool?
3. Do you want to be in the city or the country? Would you like to be in a local neighborhood or a neighborhood of expats?
4. What type of property are you looking for? A Gated community or integrated setting (to live a more local lifestyle)? Keep in mind, going local means learning the language.
5. How far is the property to parking, restaurant, medical care, shopping, etc.?
6. Will you be buying furnished or unfurnished?
7. What is your budget? Be clear on your finances before you start shopping.
8. What kind of view would you like from your bedroom window each morning?
Use this link to get your copy of Lief and Kathleen's new book “How To Buy Real Estate Overseas For Cash Flow (And A Better Life)”: https://bit.ly/3j0NOMt ⬅️ ⬅️ ⬅️
10 Questions To Ask Before Buying Property Overseas
Live and Invest Overseas Podcast Episode #24
with Kathleen Peddicord and Lief Simon
This is your due diligence checklist when looking to purchase for-profit or if your purchasing property as a second home or for retirement:
1. What is your budget?
2. What comes with the property?
3. What are the zoning rules?
4. What is your access?
5. Is there an HOA?
6. How much is the HOA fee?
7. Are you allowed to rent short-term?
8. How far away are day-to-day services?
9. What are the total carrying costs?
10. Does the development company/developer have a track record?
Use this link to get your copy of Lief and Kathleen's new book “How To Buy Real Estate Overseas For Cash Flow (And A Better Life)”: https://bookstore.liveandinvestoverse...
These are the 21 destinations we'll be covering during our first-ever Retire Overseas Virtual Conference:
Belize
Portugal
Argentina
Dominican Republic
Chile
Colombia
Ecuador
France
Slovenia
Malta
Malaysia
Italy
Brazil
Mexico
Thailand
Indonesia
Montenegro
Uruguay
Vietnam
Spain
Panama
These are the 21 destinations we'll be covering during our first-ever Retire Overseas Virtual Conference:
Belize
Portugal
Argentina
Dominican Republic
Chile
Colombia
Ecuador
France
Slovenia
Malta
Malaysia
Italy
Brazil
Mexico
Thailand
Indonesia
Montenegro
Uruguay
Vietnam
Spain
Panama
We're preparing for our annual Retire Overseas Conference. During this virtual event, our far-flung Live and Invest Overseas team will showcase the 21 best places to think about reinventing your life.
Doing some soul searching by answering this "Know Yourself Questionnaire" is Step 1 in figuring out where in the world would be the ideal place for you to think about reinventing your life overseas.
Topics these questions touch on are:
- Climate
- Health Care
- Infrastructure
- Accessibility
- Language
- Culture, Recreation, and Entertainment
- Taxes
- Education and Schools
- Safety
- Other
Live and Invest Overseas Podcast #19: Purchase Real Estate Checklist - Part II
Access: How close is the nearest airport? For rural properties, is there year-round access to the area? For city properties, what are the traffic patterns?
Security: How will security be provided? Does the building or private development you're looking into have a doorman or security guard 24/7?
Medical Care: Where is the nearest medical care facility? How many minutes to get there by car in both the wet and the dry season?
Title Insurance: Is title insurance available for the property from a reputable title insurance company?
Construction: If you’re buying a lot in development, is there a building requirement (that is, a specified period of time within which you must build on your lot)?
Development Community: If you’re buying into a planned development community, what construction and design standards are in place?
Infrastructure: How often does the electricity go out to go out in the region where you'll be living? How reliable are the cable and internet service? What is the condition of the roads? How is water provided to the town or city?
Home Owner's Association (HOA): What are the fees or, in the case of a new development or a pre-construction building, the projected fees?
Construction: How will you build (if that’s your plan) from thousands of miles away? Who will oversee construction for you?
Amenities: What amenities exist in the development or apartment building?
Track Record: If you're buying from a developer, is the development company financially sound? Do they have a track record?
Podcast Episode #16 by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast.
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Here are the questions addressed in today's episode:
Ernest C. writes:
I will be ordering your subscription in the near future but in the meantime, I have two questions.
I have been told one has to be in Belize to open a bank account but you say no.
Also, you said rent for as low as US$800 per month in Belize. Isn't that a typo? Can it really be that affordable?
Thanks for responding.
Andy P. writes:
Kathleen, you wrote recently that every property market worldwide will be affected by the pandemic crisis but not all negatively. You said that the "survivalist" market-for properties in places where you could live comfortably off-grid and self-sufficiently-will become more sought-after than ever and therefore more valuable. You mentioned land in Cayo, Belize, specifically. Acquiring land in Cayo, Belize, sounds interesting to me. Can you tell me more about this, please?
Jack B., writes:
I have narrowed down my top three locations where I anticipate residing in retirement—Panama City, Dubai, and Cartagena, Colombia. Can you share your pros and cons on each long term?
Philip M. writes:
I am a subscriber to GPA and Simon Letter. Thanks for your help in getting me this far. I have both a Roth IRA LLC and a Roth solo 401k LLC and wish to purchase some residential property in Panama. Both are U.S.-based LLCs There are enough funds in the Roth IRA LLC to fund the entire purchase. Can you please point out the advantages/disadvantages of buying the property either through the LLC versus having the LLC create a Panamanian Corporation (I understand there are 2 types of PC SA and SRL) or a Panamanian Private Interest Foundation?
I know I have to report the value when I submit my yearly valuations, but do I report elsewhere that I have a PC or PPIF?
Finally, can I have my Roth IRA LLC and solo 401k LLC be co-owners of the Panama company or the Panamanian foundation? I do appreciate your insight.
Podcast Episode #18 by Kathleen Peddicord and Lief Simon––The Live and Invest Overseas Podcast
Do you have any experience with Empresas Bern?
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Here are the questions addressed in today's episode:
1: From Marcella T.:
Kathleen and Lief, I have been reading your recent suggestions regarding becoming more self-sufficient with interest. I’m looking at Belize or maybe Portugal. I would love to begin pursuing my plan but am unable to fly anywhere outside the United States for the foreseeable future due to COVID-19 travel restrictions. At this point, I can't even apply for a visa or that all-important second passport that might gain me entry to a foreign country. Any suggestions (preferably legal)? Thank you.
2: From Robert S.:
I’m a 76-year-old male in good shape who is on the proverbial horns of a dilemma about picking up stakes lock, stock, and barrel and moving from Northern California to either Costa Rica or Panama (both places I've been to several times). I would like to know what the best info is that you can give me about how to ship all of my worldly possessions. It’s a three-bedroom house full of stuff plus a Harley Davidson motorcycle, a Yamaha jet ski, a GMC Suburban, a rototiller, and lots of gardening tools plus a power washer and two pieces of Bowflex workout equipment.
I know this must be a big order but also know that you will be able to successfully point me in the right direction to obtain some great answers to these questions and thank you very much for your advice and information on this very important request that is very important to me and also thank you for all the work you do.
By the way, I know you and Lief have Irish citizenship so should mention that I’m originally a Kerryman!
3: From Paul C.:
It's tough wanting to change my life and move overseas. I'm 62, a painter, and I live in Seattle. My family thinks I'm nuts for looking and reading your information. But in Seattle here nothing is affordable.
I am interested in a more self-sufficient lifestyle and have been reading your information on this closely. However, I really want to be part of a village. I’m not built to be alone.
Seems now I need to work four more years. Then I will have $2,000 a month in retirement income. Most countries look for guaranteed income. Will this be enough?
4: From Joan S.:
Lief and Kathleen, I hope you and your family are well during these crazy times.I am wondering about the copper mine housing investment in Panama that you have written about. The information you’ve reported is that Bern corporation is building a housing complex for the workers called Casa Pintada.
I would like to know first if this is still available but also if you are familiar with the developer Empresas Bern, or Bern Corporation. Do you have any experience with them?
5: From John J.:
Could you recommend an investment advisor in the United States that could advise me on overseas investments?
Podcast Episode #17 by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the questions addressed in today's episode:
1: From Alex S.:
I am currently in Panama and looking to find solid CD options abroad (can be Panama or another country but not the United States). Can you recommend solid banks in Panama or abroad that have good options?
2: From Ada H.:
We are looking for a bank where we don't have to travel to, as our government advice is to avoid travel due to the COVID-19 pandemic.I am not sure if this is possible?
3: From Sue H.:
I’m a single 69-year-old gay woman. I was thinking about buying in Panama or Costa Rico. Are there any friendly gay communities in these countries?
4: From Ari M.:
I have lived in Panama City and found the heat and humidity oppressive. I would move back to Panama to a place like Boquete except for the constant rain. I would consider Belize, but isn't it steamy, too? Would you have any suggestions?
5: From Vern C.:
Kathleen, I’ve been reading you for a very long time and, like you, I love Belize. I'm looking at buying a beachfront condo. Any feedback you could provide? Thanks.
SHOW LESS
Live and Invest Overseas Podcast #19: Purchase Real Estate Checklist Part I
Access: How close is the nearest airport? For rural properties, is there year-round access to the area? For city properties, what are the traffic patterns?
Security: How will security be provided? Does the building or private development you're looking into have a doorman or security guard 24/7?
Medical Care: Where is the nearest medical care facility? How many minutes to get there by car in both the wet and the dry season?
Title Insurance: Is title insurance available for the property from a reputable title insurance company?
Construction: If you’re buying a lot in development, is there a building requirement (that is, a specified period of time within which you must build on your lot)?
Development Community: If you’re buying into a planned development community, what construction and design standards are in place?
Infrastructure: How often does the electricity go out to go out in the region where you'll be living? How reliable are the cable and internet service? What is the condition of the roads? How is water provided to the town or city?
Home Owner's Association (HOA): What are the fees or, in the case of a new development or a pre-construction building, the projected fees?
Construction: How will you build (if that’s your plan) from thousands of miles away? Who will oversee construction for you?
Amenities: What amenities exist in the development or apartment building?
Track Record: If you're buying from a developer, is the development company financially sound? Do they have a track record?
Podcast Episode #15 by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the questions addressed in today's episode:
William D. writes:
My sister and I want to make a move but don’t know how to get started. We don't even know if they will let us travel from the United States right now. We have our SS income, but who knows if it will be worth anything long term. I appreciate your insights and would like your feedback. I'm hanging onto each loose dollar right now, trying to make a plan.
Shirley W. writes:
Thank you for all your info. I am curious if you still think moving to Asia is a good idea and if so where? How would Asia compare with destinations in Europe and Latin America? I am concerned about my health care overseas also since our Medicare will not cover.
Sandra U. writes:
We know very little about retiring overseas but are interested. Are some places dependent on how much money you have? Or your age? My husband is 83 and is in fairly good health.
Wendy W. writes:
I am interested in your residency kit that you are offering for sale this week. I have a question before I purchase this. I am American, therefore can stay in Shengen Area only six months per year. I am thinking of buying property in Italy. Does the program address obtaining residency in Italy?
Podcast episode #11 by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the question addressed in today's episode:
Douglas L. writes:
"Kathleen, my ex-wife is Dominican, and she used to tell me that if a property/house in the Dominican Republic is vacant for a period of time, house squatters can break into the property, set up their own living arrangements, and are able to stay indefinitely without circumstances. The property owner has no rights whatsoever, and the law doesn’t care.
"If this is true, who would purchase a house in the DR if they were not constantly there? Is this a problem in other countries, too?”
Theresa P. asks:
"Kathleen, I own land in Costa Rica. We did site work and paid for a driveway and water management. The land is paid for and we had to form a corporation so the shares that represent our land could be transferred to us from the developer.
"My question is: Are we required to file a FBAR? Our former tax accountant had recommended that we do so while we were wiring money on a quarterly basis for the land payments, but the land was paid for in full in 2015 and we have only wired money in 2016 for landscape maintenance to the company that provides this service
.
"We do not have any bank accounts in Costa Rica, and we never have. Any money wires were directly from our U.S. bank account to theirs in Costa Rica. What do you think? Thank you."
Paulina F. asks:
"Kathleen, I am wondering about options for retiring overseas with disability access.
"I once moved to Costa Rica but had issues moving around the city in my wheelchair. I used to be an active person and am very interested in Panama City, particularly, but am concerned about disabled access.
"You have suggested Medellín in the past as a good choice for someone in a wheelchair, but are there any other places that could work for me?"
Shirley W., asks:
"Kathleen, the information in your Live and Invest in Belize Home Conference Kit that I recently bought talks about either single people or couples when looking at the Belize retirement programs.
"What happens if we are not married (male and female, just never got married)? Do I assume that we could not take advantage of a program as a couple?
"The QRP program states that a person must show income of US$2,000 per month and an additional amount for the spouse, but that they both do not have to show US$2,000 per month. What would happen in our case? Since we are not married, we both would have to show the US$2,000 per month?"
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Podcast Episode #14 by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the questions addressed in today's episode:
Ada H. writes:
First of all, thank you for your excellent and informative newsletters. We are interested in the EU. Although we live in beautiful New Zealand, we have family in the EU and would like to spend some time with them.
We are interested perhaps in a short-term rental. It could be an apartment off-plan and if needed we could keep it up to a year before selling. We have read elsewhere, not in your services, about 10% to 20% ROI. Do you think that’s realistic?
You wrote recently that, "The best case is when you're able to find a piece of real estate in a place where you want to spend time, short term on vacation and long term in retirement, that also holds out the potential for an investment return, in the form of capital appreciation, rental return, or both." That sounds like us. But where? We were thinking of France, Italy, Spain, Portugal… We would really like your thoughts.
Bikram B. writes:
Can you help me to open an offshore bank account in a country where there is no tax and no questions asked? A friend recommends the Caymans for this, but what would you recommend?”
Alan H. writes:
Thank you for the wonderfully informative city comparison you provided recently for Cuenca and Medellín.
One question: Having heard that air pollution is a problem in Medellín, I have done some research on it, and from what I read it can be intense. I have seen online photos with pollution so thick there you could hardly see the city at all. This could be a major factor for those with respiratory conditions. Have you heard anything about this?
Ruben A. writes:
I've just signed up for your Simon Letter newsletters and am highly interested in the Five Flags Program. I'm an American citizen but moved to Panama City in January. I would like to begin applying for the Friendly Nations Visa once things get back to normal.
I'd love to get the ball rolling with Five Flags also. What do you recommend as the best first step?
Podcast episode #12 by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the question addressed in today's episode:
Robert K. writes:
"Kathleen, we are ready to start visiting countries in Central America to consider options for retirement. But where do we start our search for a home to buy? Can you supply us links to MLS systems for the countries you recommend so we can examine what specific properties are for sale in our price range?"
Mary H. writes:
"Kathleen, if a U.S. citizen were to buy a property in Mexico and rent it out on a periodic basis to people traveling to San Miguel Allende, would the Mexican government tax the U.S. buyer’s income from that property? Would they attempt to tax their other worldwide income?
"Thanks very much... and thanks also for your recent webinars. These have all been very helpful.”
Gene H. writes:
"I am now in the process of attempting to buy property in Panama, which I hope will one day become my retirement home. Until then, I will place it on the rental market. It is not necessary for me to rent it, but why not? It makes good sense.
"However, I have run straight into my first brick wall, and I would love to hear your opinion of what I am up against. I have been told by my attorney that it is very difficult to obtain financing in Panama these days. Is that really true? Are there perhaps different banks that are more comfortable working with foreigners such as me (I’m American, by the way) than the traditional local Panamanian banks? Could you please shed some light on this for me?
"Thanks so much for all the good advice over the years. Keep it coming! I look forward to reading each and every email I receive."
Marleah S writes:
"Kathleen, if one buys property to use to show the ‘economic tie’ requirement of the Friendly Nations visa program in Panama, gets their permanent residency, then has an opportunity to sell the property for a profit and doesn’t re-invest in another ‘economic tie,’ would that jeopardize the visa status at all?"
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Podcast Episode #13 by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the questions addressed in today's episode:
Marleah S. writes:
"Kathleen, if one buys property to use to show the ‘economic tie’ requirement of the Friendly Nations visa program in Panama, gets their permanent residency, then has an opportunity to sell the property for a profit and doesn’t reinvest in another ‘economic tie,’ would that jeopardize the visa status at all?"
Mark E. writes:
“Kathleen, a friend who has moved to Panama has been telling me that it’s not uncommon for the police there to pull you over on the road and then expect a payoff to let you go without a ticket. Is this true? How common is this really? What is your experience with bribery in Panama? It gives me pause about moving there, though that has been my intention for some time.”
James W. writes:
I am a sportsman. I was told Panama is better than Costa Rica for snook and tarpon fishing. What do you think?
Ed O. writes:
Wow! Great info about rainy season tips recently. Just to let you know, reading those tips, I just took Panama off my potential second-home list.
I get it! Your intention was pure! You really are doing your best to present the full picture of a place. I guess there is a downside to so much honesty. Now I need to find a new dream location!
Blessings, Kathleen!
Eighth podcast episode by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the question addressed in today's episode:
Mike B., from the United States asks:
We are planning a move out of the United States, possibly to Belize. Our retirement will come from pension plans in the United States. If we receive our checks in Belize, we understand that we still will have to pay federal taxes. However, there is no domicile state that can collect taxes. So doesn’t that amount to a tax break? Or am I missing something?
Jeff F. from the United States asks:
Isn’t there a Social Security penalty for retiring overseas? Many in my wife’s family believe so. They say they would get only two-thirds or three-fourths of their checks if the Social Security Administration knew they retired to Mexico.
Gary C. from the United States asks:
Kathleen, thank you for all of your information. I love reading your dispatches and also am enjoying your podcasts.
I know that some income earned overseas can be excluded from my U.S. tax return, but what about an Internet business where income is derived from many different countries?
In other words, if we move to Panama to run our business, is the income excluded regardless where it comes from, even if it comes from the United States.
Mark T. from the United States asks:
If I move overseas, could I ever return to the United States?
Tenth podcast episode by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the question addressed in today's episode:
Jim H. asks:
“Kathleen, is it possible to open an account at a foreign bank with an office in the United States, put money into it, lump sum or over time, and then when you get to the country of the foreign bank, withdraw the money in the local currency? Does this depend on the bank’s rules? Are there U.S. rules governing this practice?”
James A. asks:
“Once a permanent residency visa is obtained in Panama, is it a requirement for citizenship that one must reside in Panama for a minimum of six months/year for five years?”
Maggie F. asks:
“If I move to another country and am living there full time, can I drive on my U.S. driver’s license?”
Glenn M., not from U.S.A. asks:
"Kathleen, I have been enjoying the interesting articles I receive from you. I am quite interested in many destinations around the globe. I can’t help, though, but be just a touch annoyed that you only refer to temperatures in Fahrenheit and measurements in miles and feet.
"As I’m sure you are aware, there are currently only three countries in the world that are not using the metric system, Burma, Liberia, and the United States.
"Those of us in the remaining 193 countries would be thankful to be able to read and enjoy said articles without having to constantly stop reading to do a metric conversion."
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Ninth podcast episode by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast.
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Here are the question addressed in today's episode:
Charles C. from the United States asks:
In a recent comment, you seemed to mention in passing that you recommend new expats do not take their cars with them. Could you elaborate on that? Seems a pretty radical idea to move to a foreign land with no transportation.
Kevin G. from the United States asks:
Kathleen, a financial planner recently told me that if I establish overseas bank and investment accounts that will raise a red flag with the IRS and I will be audited annually. Of course I will report the accounts to the IRS, but is there any truth to my advisor’s concern that having overseas accounts would trigger regular audits?
Anonymous in the United States:
Medellín, Colombia?! You’ve gotta be kidding me! Foreigners are prime targets for kidnapping and ransom by scores of different gangs, and it is rumored that even some police cooperate with them for money as well as do some kidnapping themselves to supplement miserable salaries.
Very few if any victims are ever seen alive again even when ransom is paid. Now add the fact that the drug cartels own parts of the city, the country, the government, the military, and the police…
This must be a very old article you’ve just published, written years ago. My info comes from a U.S. government intel agency and is up to date. The information in your article can be dangerous if taken as reality.
Sixth podcast episode by Kathleen Peddicord and Lief Simon – Podcast From Paris
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Here are the question addressed in today's episode:
Jane O. asks:
"I found your very informative website today and have a couple of questions before I subscribe to your e-letter. First, does the same information apply to Canadians as well as U.S. citizens?
"Also, do you know a publication like yours that's written specifically for Canadians?
"We have been thinking about doing this for a while but just need the right info before we take the plunge."
From Harry M.:
"Is it currently possible for an American citizen to open a bank account in Panama without a Panama address?
Jeff C. writes:
“I attended the live webinar last week and am interested in the Panama Hydroponics project. I have a couple questions regarding the process for purchasing using an SDIRA but have been unable to reach anyone at the number posted above (815-239-6414).
“I am a retired US air traffic controller with a FERS pension and a TSP account. My wife and I attended one of your Live and Invest Overseas seminars (Orlando, Nov 2015?) and have spent the last three years living in various locations throughout Europe as well as Mexico and Colombia.
“The basic issue is that I will need to pull money from my TSP account to purchase two or three "shares" of the Hydroponics project. I am 55 years old, so the only way to do this without paying penalties to the IRS is to set up a Self-Directed IRA and use it to purchase the hydroponics. I have found a company which is experienced with funding an SDIRA from a TSP account so that part should be fairly easy. The problem is just a matter of timing. I'm only willing to move money from the TSP to the SDIRA if there is still availability in the hydroponics project. With all the Coronavirus issues, it might take 6 weeks or so to get the money moved around and available.
“Could you please verify that you are still accepting applications and whether it would be possible to purchase 2 or 3 "shares" (I don't know what else to call them) using an SDIRA?”
Seventh podcast episode by Kathleen Peddicord and Lief Simon––Live And Invest Overseas Podcast
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Here are the question addressed in today's episode:
Jane O. From Canada asks:
I found your very informative website today and have a couple of questions before I subscribe to your “Overseas Living Letter” subscription service.
First, does the same information apply to Canadians as well as U.S. citizens? Also, do you know of a publication like yours that’s written specifically for Canadians?
John G. from the United States asks:
Kathleen, I’ve found your articles full of great insight, and I have a question that you may be able to clarify. We will be moving to Ecuador this year and need to understand if the limitation of carrying US$10,000 into a new country is per person or total, per couple? Thank you for your help.
Robert G. from the United States asks:
I am a gringo who speaks Spanish very well. Am 68 and in good health. I want to retire to a Spanish-speaking place. What would you recommend? I cannot stand high humidity or heat and almost fainted on my last trip to Cuba. Thanks!
Fifth podcast episode by Kathleen Peddicord and Lief Simon – Live And Invest Overseas
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Here are the question addressed in today's episode:
Orrin L. writes:
“I own farmland in Brazil and Costa Rica. I hold title to some in a domestic USA LLC and some in a LLC set up in my IRA. I also own farmland in Panama that I currently hold in my own name as my understanding is that is the only way I could use it to secure residency if I choose to go that way. As of now I haven't pursued that…
“My question is I have been told that Panama will honor my U.S. will for passing the property to my heirs. That a Panamanian will is not necessary. Can you clarify for me whether that is accurate? Thank you.”
Thomas F. asks:
“How are the hospitals and services for emergency in Belize? Or would you need to be sent back to the States in an emergency?
“We are thinking about the move there and looking at all of our options, but would like some information on the medical services there.
“What do they have in the way of doctors and pharmacies?”
David H. writes:
“I was referred to you by a friend who is a reader. I have a fiancée and two boys in the Philippines who I would like to join me when I move to Panama City. What is the best way to obtain a visa for her? Thank you.”
Glen L. says:
“I have spoken to two banks that I bank with about a reference letter for opening up an overseas account, and neither of them has any idea what information to include.
"Could you possibly provide some assistance as to what they should include in a reference letter for me?
"Much appreciated."
Rich T. writes:
“I am a member of your Simon Letter service, and I'm hoping you have some knowledge of regulations related to investing in Chile. Do you know if foreigners can own land in Chile? We are thinking about purchasing land in the remote area of southern Chile."
Bruce F. asks:
“Kathleen, I am a retired federal employee and have a pension for life of about US$4,000 a month. They take out about US$800 a month from that in state and federal taxes.
“What countries would give me a better tax situation? I am particularly interested in Panama.”
Third podcast episode by Kathleen Peddicord and Lief Simon – Live And Invest Overseas Podcast.
Kathleen Peddicord and Lief Simon give their opinions and suggestions on retiring abroad as a single woman, opening a bank account online (not needing to go to the bank in person), how to travel with a second passport when traveling, and how to handle banking with our second passport.
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Here are the questions addressed in today's Live And Invest Overseas Podcast. episode:
From Diane M.: I am a retired single lady from Canada. Where would you suggest spending the winter months?
From Edie S.: I am living in France and want to wire money from my U.S. account to another bank quickly, preferable an offshore account. How can I do this without being able to leave? Are there safe bank accounts in other countries one could open online? Many thanks.
From Natalie T.: Thanks so much for your "6 Strategies For Bulletproofing Your Financial Future" report, which I’ve just received.
A question I continue to have with regard to the use of a second passport is that I am under the impression that one has to use their U.S. passport to leave and return to the United States, yes? If so, then how does the second passport come into play? Does one have to make separate flight arrangements in order to use the alternate passport at the first and last layover country?
A second question I have with regard to use of a second passport has to do with banking. An offshore bank may be open to the alternate passport, but don't we still have to divulge that we are U.S. citizens, too?
Thanks again for your attention. Be well.
Amanda H.: I am a young expat. I have never invested in real estate. Is it okay for a newbie in real estate to have his/her first investment outside of their country of residence? Is it best for a newbie to invest close to where they live? Thanks!
Fourth podcast episode by Kathleen Peddicord and Lief Simon – Live And Invest Overseas Podcast
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Here are the question addressed in today's episode:
From Fred Fri (in the Clubhouse):
Wondering whether some of you have experience/preferences/recommendations for offshore company incorporations?
Any preferred jurisdiction? Thank you!
From Jesse Snow (in the Clubhouse):
I want to file the Form 2555 (Foreign Earned Income Exclusion) because I found out that since I make less than $105,000 per year I am eligible. However, on TurboTax it says I have to upgrade and pay $60 to use that form.
Do you know of a tax filing software that allows you to file for free and use the Form 2555?
Thank you!
From Laurie L.:
Great audio/video quality for your first podcasts, and the format I think is a hit, as well. I forecast you will have over 100k subscribers by the end of this year. Well done, Kathleen and Lief!
Now my question: If you had a time machine and could go back to January before the coronavirus broke out globally, where would you have gone and why?
From Lorraine Lombardo:
Do you know if any good buys coming up in Italy?
From Lawrence Keen:
Thank you for the most interesting information about retiring overseas. Regretfully, I am 20 years late in making such a decision, as I have been retired for just about that long. And now, with grandchildren grown, out of college, and on to new lives and the prospects of great grandchildren, my wife is in no way interested in moving anywhere.
It is important to note that at the end of my career, we spent time in Japan, which was very enjoyable, a year and a half in Venezuela, which, before its problems, was quite enjoyable, and a half year in Trinidad, which was quite an experience. So I have always been interested in residing some place where I could relax on a beach while continuing to write short stories, poetry, and other drivel that I hope will one day be read by persons other than me.
But, now that I am over 80, I don't see myself playing out my life in a tropical land, when I have let that opportunity pass me by. Maybe it's too bad, but it is the fact, I am afraid.
From David Rosenberg:
Would you recommend buying pre-construction property in Panama without visiting there?
Also, if the idea is to buy an apartment and agro investment in Panama, would you suggest to form a company for holding these investments?
Your reply is much appreciated.
Kathleen Peddicord and Lief Simon continue answering readers' questions on living, retiring, and investing overseas. Today, questions are regarding taxes, Live and Invest Overseas' conferences, the U.S. dollar surviving the de-facto global currency, investment information, etc.
Here are the questions addressed in today's Live And Invest Overseas Podcast episode:
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Robert S. asks for help deducting the Foreign Earned Income Exclusion amount from his tax return.
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Elizabeth M. Wants to know more about how the technology will work for our Global Property Summit in May.
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Jim M. writes: “We are great fans and Simon Letter subscribers and have read both of Kathleen’s books. When the markets move up, we intend to take some money out and act on some of your great advice. My question is this: With the uncertainty of the US. Dollar surviving as the de-facto global currency, what would happen in countries like Panama and Ecuador that use the U.S. dollar?”
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Carla R. writes to say she is thinking about setting up an operation for her business in Panama and wonders what we think.
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John B. writes: “Please send any new investment information sooner rather than later. I am only interested in alternative investments at this time and there are several great stock buys to diversify into now unless you have something better?”
Kathleen Peddicord and Lief Simon take advantage of the extra time now that Paris, like most of the world, has gone under lockdown to get to answering more of readers' questions on a podcast platform. The questions addressed in this first Live and Invest Overseas podcast are:
- Is spending three weeks to three months in different locations each year to escape winter a valid plan? I'm not looking to retire elsewhere.
- Where can I move without the requirement of a criminal background check for residency? I'm also looking to work in that country.
- I'm 82 years old and would like to move someplace warmer than Oregon. Am I too old to move to Belize?
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