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Updated about 9 years ago on . Most recent reply
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Investor from Madison, Wisconsin
Hi all,
I am a rehabber/wholesaler from the Madison, Wisconsin area. Really enjoy rehabbing and doing quality work - makes those back-end sales so easy. I am also a partner in the Madison Real Estate Investors Association, so I get to meet and work with a lot of other investors, REALTORs (my sweetie is one) and vendors.
I also do some creative tech work - develop websites and do the creative emails and content for a few clients. My life goal is to develop enough of a cash flow of mailbox money (and internet-based work) to move to Panama with my sweetie and life partner.
Most Popular Reply
Actually the only way to get a real estate licence in Panama is to be a Panamanian. I work for a real estate company here but foreigners can work for a company. However after you get a cedula and become a resident you can wait for 5 years and ask to become a Panamanian. For us residence there is a catch and im 99 percent sure but i would have to look into it. If you wish to become a Panamanian you can however you still have to pay taxes in the U.S. unless you let go of your U.S. citizenship.
I work with foreigners who wish to invest here. Im not sure how the details of taxes work however if anyone has questions i can ask our legal department for further details. Our company has everything one needs to get there investment done from start to finish.