Today’s Jet Setter Show talks about the sometimes harsh reality of overseas real estate investment. Host of the Overseas Property Insider Podcast, Taylor White, tells Jason Hartman of some the successes and failures he has experienced, as well as giving out a few tips for those looking into the market. They also talk about society’s general perception of certain countries and compare it with their own thoughts.
Key Takeaways
3.00 – In the real estate world, you can only trust what someone is saying if you know they’ve had these experiences themselves.
4.00 – There are often two options for making money with overseas real estate: rent it out or buy and sell.
6.00 – Decide on how your strategy is going to work and talk to people who can advise you. When advertising your property online, make the best use of websites such as: www.airbnb.com, www.vrbo.com, www.homeaway.co.uk, www.flipkey.com, www.roomarama.co.uk.
07.50 – This new way of renting removes the reliance on a real estate agent to get things done.
10.25 – Money, marketing and on-the-ground contacts for facilitating can make or break a development project.
13.50 – Taylor White identifies four main categories in real estate: PRE-CONSTRUCTION, DURING CONSTRUCTION, PRE-COMPLETION and KEY READY.
18.00 – Websites such as www.zillow.com and www.realtor.com are great for helping you ascertain what a property is worth.
20.50 – One of the best strategies if you’re on the ground is to be known among the agents and to work with them.
23.40 – Getting loans or money from these overseas banks is possible and there are options available, but it’s not an easy process.
25.50 – Buying too many apartments and being tied to too many contracts is one of the biggest setbacks to those going into real estate business.
31.30 – As difficult as it can be to obtain a second citizenship, a lot of people are looking into it, just in case.
36.40 – Travellers form their own opinions about the countries they visit; Taylor White sees Brazil as overrated.
38.00 – As a foreigner buying real estate overseas, one of your biggest difficulties might be setting up a bank account. Brazil, for example, does not allow this.
41.00 – There are some places in the world where it’s better not to buy real estate.
Full Transcript: http://jetsettershow.com/category/podcast/
