I'm SO glad I searched for and found this thread. There is SO much great information here! @Mike Lambert and @Sebastien Hitier, if either or even both of your write a book, I would definitely buy it and read the **** out it. And if you have the the extra drive, you can always use Amazon's AOS system to have them turn your book into an audiobook. You pick the voice actor/actress, audible serves the content on their platform, and your market it. I haven't found many books on International Real Estate Investing so you two could be pioneers of your respected areas. Additional income and growth just like how Brandon Turner and David Greene did it here. Hell, I'm sure they might even help you. Just another idea for long-term passive income, book/audiobooks sales.
I finished Tim Ferriss' book last year as well, along with 3 of the BiggerPocket books and The Real Estate Millionaire Investor. Read 17 books total, but those were the only real estate ones. I'm currently reading Nomad Capitalist and just ordered "Flawless Consulting" to help grow and expand my business. Nomad Capitalist touches on the areas that @Sebastien Hitier mentions, as well as a few more.
- Dublin, Ireland
- Warsaw, Poland
- Brussels, Belgium
- Riga, Latvia
- Tbilisi, Georgia
- Istanbul, Turkey
- Panama City, Panama
- Kuala Lumpur, Malaysia
- Hong Kong, Hong Kong
- Singapore, Singapore
- Phnom Penh, Cambodia
- Serbia
He talks about how to obtain citizenship or residency, why they're important for living a free and nomadic life. And as a capitalist, how to "Go where you're treated best". He's definitely anti-United States, but does support his ideals as being American, in that, the American dream is about going where opportunity is, just like settlers and immigrants that came to the US in the beginning. While some of the locations he has invested in sound daunting, upon further research, some of the locations have more secure banks, lower tax rates (of course), but also some countries he's investing in, he believes will be the next Singapore, or possible a country that will be added to the EU. His strategies are to invest in countries that in 30 or 40 years, will be economic stars. So buy early where the value is undervalued, Buffet technique.
For anyone feeling citizenship or residency is a barrier to entry in international markets, it's definitely looking into acquiring such things. There are some countries that allow residency based on investment of businesses and property. With taxation SO DAMN HIGH in the US, especially California, over the course of a few years, you could not only have purchases residency in another location, but also saves significant more from taxes AND possible obtain MORE social benefits than what you currently might have (looking at you healthcare, and education for your children). I don't want this post to get marked for promoting or anything (He doesn't know me. I'm too poor. xD), but I think I can say, check out his website if you're considering to diversify your assets and lower taxes?
Would love to hear everyone's stories about how they go into investing in other countries, and ANY book suggestions on the subject. Last years goal of books was 1/month and I finished 17. This year it's 2/month @ 24!
