Find your own slice of heaven in the international real estate market...
Saturday, July 5, 2008
Read more about investing in foreign real estate in International Living Postcards—Saturday Edition
My former Panama condo is now a boutique hotel suite. I’ve just seen the photos.
The Panama City condo market first got my attention 4.5 years ago. Back then, many prime ocean-view condos were more than 279 square meters (3,000 square feet). I considered these to be a risky buy, as they were too large (and expensive) to sell to the new market of retirees, second-home owners, or visiting business people.
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Monday, June 30, 2008
Paris, France
Read more about the French leaseback program in International Living Postcards—your daily escape
Sounds like madness, doesn’t it? A hotel that actually pays you. But it’s true, and it’ll be opening soon in my favorite corner of Paris.
Read OnSaturday, June 27, 2008
Get more tips on investing in foreign real estate in International Living Postcards—Saturday Edition
I met an investor recently who had created a big, profitable portfolio of rental houses in the Boston area. He was highly leveraged, but he had positive cash flow. Mortgage payments were made. Repairs were covered. And there was a nice bit left over at the end of each month. Life was good...until the local economy skidded. In a matter of a few months, as jobs were lost and people moved out of the area, this guy found himself with negative cash flow. Long story short, he eventually lost most of his houses to the bank.
Read OnThursday, June 26, 2008
Read more about investing in overseas real estate in International Living Postcards—your daily escape
My friend, Ronan McMahon, thinks he knows where the next hot rental market is...and it's not where you think.
“Berlin?” I asked. “Are you kidding?”
Read OnSaturday, June 21, 2008
Get more tips on investing in foreign real estate in International Living Postcards—Saturday Edition
I know two (elderly) American sisters who rent out their Paris apartment when out of town. Because they use it sometimes, they decorated it for themselves with high-end antique furniture, crystal glassware, linen tablecloths, and plenty of breakable knickknacks. While this gave them a comfortable apartment, it also limited the type of renter. No children, no pets, no singles...only couples who were put through a rigorous process before being allowed to book the apartment.
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