Investing internationally comes with a range of risks. From political instability to inflation to cultural and language differences \u2013 these add to the already complex and uncertain nature of international investments. However, our guest, Evie Brooks of My Panama Vacation Realty shares with us how these can be overcome if you work with the right people.
Join Evie in this second part of our podcast series as she explores the risks associated with overseas property investing and what can we do about it to achieve success.
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Key Points From This Episode:
Tweetables:
\u201cIf I find that you have overcharged and are taking advantage of one of my clients, there are no second chances.\u201d
\u201cYou got to just be ultra-cautious, especially when you're not from that region or that country, because they see outside international investors as a one-dollar sign.\u201d
\u201cSafety is not an issue that I've ever been concerned with in Panama. The only time you ever hear about something violent is domestic. I have been down there since 2012. And I've only once had an encounter that created some concern.\u201d
\u201cBy being intricately involved in all the different projects and buildings with different developers that we work with, we have a pretty good strong handle on what is a good value.\u201d
\u201cWe negotiate with the developers to get a really below market retail price that they're selling for the projects that we offer to our clients.\u201d
\u201cYou would need to get with a CPA, which we do have CPAs that we work with, and that we do recommend to actually see how that ties into your plan.\u201d
\u201cYour taxes in Panama are substantially lower for everything.\u201d
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