992: International Real Estate Investments: Make More by Buying Abroad?

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 22 July 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Love traveling? Want to make more money? Looking for real estate with lower price points and higher returns? International real estate investments may be for you. Whether you want to own a home near the mountains of Mexico, the beaches of Belize, or a small seaside town, buying property abroad could make your dreams come true. But is it easy enough for a beginner? And what should you know before making the big jump to out-of-country real estate investing? Michael Cobb, an international real estate investing expert with over three decades of experience investing in Central America, joins us to give his time-tested advice. Michael hits on how these international investments are like “time machines,” allowing you to find the areas that could see significant popularity boosts in the future, pushing YOUR property values higher. He even shares which markets abroad are best for cash flow or appreciation. But before you jump the gun and buy a property abroad after your next cruise, heed Michael’s advice. He shares how to pick a market where investors can find the best returns and what you MUST do before you buy your first investment abroad. In This Episode We Cover International real estate investing 101 and what you can do to find your next market The “time machine” to cash flow and appreciation that most Americans overlook “Buyer beware” laws most Americans aren’t used to and why you NEED local help The three trips you should take before buying property abroad And So Much More! Links from the Show Join BiggerPockets for FREE See Dave at BPCON2024 in Cancun! Try Hospitable, The Highest-Rated Vacation Rental Software Grab the Book “Long-Distance Real Estate Investing” Find an Investor-Friendly Agent in Your Area 3 Things to Consider When Buying Properties Internationally (00:00) Intro (01:45) Why Invest Abroad? (05:51) Buying in Central America (10:50) Easy Enough for Beginners? (20:43) Where Investors Should Buy (26:11) Picking a Market Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-992 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Do you ever ever think to yourself, man, I wish I had started investing back in 2010 when prices were low or even just last year when rates were lower?
0:11.0	Well, it turns out we still kind of can.
0:14.8	Our guest today is talking about the time machine opportunities that exist in international
0:21.8	investing. I'm Dave Meyer and today we're talking to Michael Cobb who's a seasoned investor who owns
0:35.3	properties all over the world and he's going to walk us through how to think about
0:39.9	international markets so you can pick one that's right for you. He's also going to just talk to us
0:44.4	about the trade-offs and Michael does a really good job explaining why international investing is good for some people.
0:52.4	Hint there's really good for some people.
0:52.6	Hint there's really good cash on cash returns
0:55.7	and there's big opportunities.
0:57.4	But that comes with some trade-offs,
0:59.1	which hint is a little bit harder
1:01.2	than investing in the United States.
1:03.2	But I think Michael does a great job explaining
1:06.1	who this is right for.
1:07.1	So you're definitely going to listen to
1:08.6	if this is a strategy you should consider.
1:11.0	And then at the end of our conversation we're going to talk about what
1:13.7	concrete steps you can take if you're interested in international investing because I'm
1:18.6	sure if you're anything like me you think it sounds interesting but you wouldn't even know where to begin.
1:23.8	Michael's gonna help us with that.
1:25.9	And this is a really broad topic.
	...

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