Investing Overseas in Real Estate and the Local Community.
Tom makes a point when Investing Overseas to take care of the locals and to be responsible to the culture and country.
Listen to our Host Macarena Rose as she speaks with traveler Tom Mallet who shares his experience and advice for people planning on investing overseas and relocating.
Tom has travelled to 43 countries and bought property in different countries including Hong Kong, Mexico, USA and Belize. Some of the key advice Tom shares through his past experiences is to be responsible and do your research on the country or area that you are planning to relocate/invest in. It is important to get aligned with people that will give you concise information and have a good reputation so that they will help you through a smooth process. Make sure to do your research of the area and that you see yourself becoming a part of it as not always what you see on the internet is true.
Giving Back when Investing Overseas
When thinking about investing overseas, Tom advises to give yourself the opportunity to give back and invest in something that does not have a negative affect on the locals of the country. You should always open your eyes and take the opportunity to embrace a new culture. Maybe you can have others rent your property, or use it for a worthy cause while you are not using it. It brings much happiness to local people knowing that you are helping them and they will want to help in return as well.
Planning on Investing Overseas
If you are planning on investing overseas in real estate, make sure that you are getting free and clear title and that the property actually belongs to the seller. Be certain that you find the right person for the legal process and that the documents you are getting are legal. Tom continues to mention that a different language is not a barrier, but going to a country with the same language is very helpful. You can have the privilege of changing people’s lives for good or for bad. The choice is left to you!