I buy bases in 5 stars hotels so I could spend 45 days in each place in a year, renting them out for the rest of the time. By now I got Playa del Carmen, Batumi, Tulum and Bansko. Considering buying something in Panama, Johor or Batam, Antalia region and Dubai before I retire. Great job Andrew.
Excellent Andrew, I am working in a similar plan with a little twist in which I buy property in places that want to spend time and at the same time to rent it out while I am not in the place. Excellent channel,
Well said, Andrew. I agree that being able to knock down walls, put nails in the wall, redo the kitchen, etc are big reasons to want to own a home. Also, perhaps the value won't skyrocket (even ever), but if it's in a city center or the beach, and you ENJOY the location, that is absolutely a benefit, regardless of the monetary value. Does it improve your life? Does it make you feel good to spend time there? That's what the real question should be.
Wow that was very very informative. I have taken notes on everything you have said and added it to my strategy for migrating. My goals is becoming a reality and I am thankful for all information you have given us on these video. Thank again Andrew for this video and I look forward to maybe meeting you one and expressing how your videos and book has change my life.
Interesting strategy. I've tended to think that ownership is a P.I.T.A. because each owned home must be maintained, secured, etc. How do you handle that in homes around the world? Have you ever returned to a home to find it not as you left it?
Awesome video, but some technical feedback: The audio levels here need to be balanced - your voice is very quiet whereas the intro music was rather loud.
Only this month, I’ve looked for homes in Macau, Canada (Montreal) , the Philippines and now I’m back in my home base in Singapore (my wife is a national). I am moved by every single of your video, they really reflect the highest standards I am longing for for years. How come you channel is growing so slowly while some hippies with little to no value proposition are thriving on TH-cam is beyond me.
This resonates so well with me. I haven't started yet this lifestyle but intuitively I have been finding out for myself that traveling a bit to find out my first tier1 places was the phase 1 of my plan. Your higher tiers explanation have just brought the light on the later phases I might go through. Thanks much Andrew, and take care.
Good stuff Andrew, I'm also considering South America for residency/citizenship, the best overall deal appears to be Ecuador in terms of permanent residence after 2 years and citizenship 3 years later with hardly any required time spent there after a $40,000 investment in a bank account or real estate, their passport is one of the few which allows visa free travel to Russia, China and Turkey also and no tax on foreign income if you become a resident there, cheers.
I’ve never been to Ecuador, but from what I heard, you really need to spend like 9 months per year in the country until you get your citizenship? I’m not sure if you can just put in 40k and leave? I don’t know If they will actually check your days in the country ? What else have you heard about it ?
Great video. Great insight. I do have one question though: how do you manage your residential properties when you are away? Having residental units idle for 7 or 8 months a year on different continents would cause a worry. How are they kept safe and monitored?
Not renting out a property might seem crazy at first, but keep in mind in some countries it will complicate your taxes and will have to pay because it’s income earned within that countries’ borders. Like Mexico for example. Smart! Thanks Mr. H 👍🏽
Andrew, It would be amazing to get a hint on how to find good deals on finishing construction work in Tbilisi and other emerging economies, as you know, market is very sparse there. Thanks!
Great video, completely agree with not renting out a 2nd or 3rd , trie A or B home. Especialy when you gone thru the work to update it. No one will take care of your own home like you would.
Andrew, this idea is completely unpractical. It sounds so cool and very romantic for someone who ...never tried it. I kept three places on three different continents travelling between them. After 4 years of doing it I finally said "enough" as keeping two households, maintaining all three of them paying three car insurances, property taxes (even tiny ones), electric bills, internet bills, etc. etc. was not really worth it. The only advantage of that was that after all that time I realized I liked one of them more than the others. I am totally with you Andrew about most of the things you say. But sometimes you over-do it. I have no doubt that in few years you will realize that living in those 3 places is not that great thing. You may shrink it to just 2 places or even only one. But great video anyway
Andrew this is another great video the problem is that me and many other entrepreneurs have children who need to go to school or just want to live full time in a place we love. I’d love to see a video of how someone can legally reduce their taxes and much they could reduce them by for an online business by living in one European country (in my case Spain) full time. I know this will be a popular video.
You should consider Uruguay for your latin base, it has the most English speaking next to a couple central american options and its in the top 3 wealthiest next to chile and panama. And it has a wealthy high end beach town in punta del este. It has alot of European influence and likes to think of itself as a European country lol.
Thank you for this detailed breakdown of your strategy and living philosophie! I am planing to model my location independent life after your nomadic lifestyle in the next 3-4 years so this is absouletly a great video :) Hope recruitment is going well!
You've really opened my mind. Now I am considering getting a 2nd citizenship. I used to see USA as the best country on the world but ur videos have changed my perception. Thanks!
I spent some time in Sutomore, Montenegro a few summers ago and found the country to be rather pleasant and very beautiful (lovely mixture of sea and mountains). I have traveled quite a bit, not near as much as you, but I have found myself at a plateau and just tired of new beds and temporary places. I am not at a financial digital nomad phase yet it life so I am going back to the US to work for a while. I want to thank you for your videos, insight and all the footwork you have done to create this content. The next year or so while in the US, I am going to do more research and consider future options. I want a few small places in special locations that are beautiful and where I am treated well! All the best and I am happy to have found your channel.
Hello Andrew, great knowledge as always... A question that I have been having lately: How does one protect all those homes, bank accounts and investments scattered across the world so that in the tragic event one passes away it can be gifted to kids/family without issues?
In one of your clips you mentioned that you would rather live in México than in Switzerland. That was kinda funny... Could you do a clip on how to buy real estate in México or Nicaragua at some point?
I love México too! It was funny though because Switzerland is associated with high safety, low taxes and wealthy people and México is associated with getting robbed. So your comment was really going against those clichés.
We've built out 4 tier 1 homes where we can travel to on a rotating basis and that works well for us. our next goal is to get a business place in my main city of business and then to build out the investments more, great info as always Andrew
I own resort properties in 3 countries. I receive a good income and can either use or get use of owner discounts at other resorts owned by the resort group. I hardly stay at my properties. I have a base property in my home country where I spend a majority of my year and travel every 2 months for 1 month.
Well....it seems wonderful but other than the real estate appreciation i do not see a great ROI, using these properties in Airbnb might make some more sense from this angle
Just a friendly FYI, whichever country you buy your Apple iPhone in, is the same country where any needed "replacement" service will have to conducted in.
Fantastic and inspiring, Andrew. My plan is to schedule around my kids' school year, and in the english schools of Kuala Lumpur the winter break is as long as the summer's, so we can spend a winter month in Japan or wherever then back to school then a summer month in Georgia or Amsterdam or Uruguay or Chile or Montenegro then back to school.. I wonder what you think. I'll be receiving your organization's services after my next sell.
I know I want Tokyo to be my 1st Trifecta, it actually is extremely affordable and safe, especially for someone with residency in the healthcare system despite the rumors. I think Dublin would be another great one since getting Irish citizenship as a dual citizen is easy having Irish Heritage and would be a great platform for investing in the entire European market. The United States would be a good 3rd base since I am an American Citizen and would be convenient. Due to the increasing dysfunction and unrest in the US, I would make it 3rd on my list of three.
I like the idea of tier A, B, C, D.......hope you realize how fortunate you are to be able to do it.......and how few people can do it! Glad your living the dream though!
The last time I left a home I owned unattended for a few months, when I came back, my washer and dryer were gone, my door was busted in, the floor was flooded because the thieves never shut the water off after disconnecting the water, and bunch of other things were stolen. How do you handle security so you're not worrying about stuff like the the entire time you're gone?
I remember you talked about your business experience with radio station as well as swimming pool maintenance company. Now, you do consulting of high net worth individuals, obviously. So which business propelled you to be a multimillionaire?
andrew, how do you deal with all the cleaning/ laundry/ vacuuming places? Do you have contacts of all cleaning services arranged or do you do it yourself? whilst traveling i love one thing about hotel is that i walk in and everything is freshly cleaned. i don't need to do any house work for it.
I’m really intrigued by all of this and I’d love to be a Nomad Capitalist but I’m nowhere near the point I’m sure you have in mind for the Work With You application. I have three passports already and I live for travel, but I’m just an ordinary university student and know absolutely nothing about entrepreneurship. What would you recommend for learning how to run a business in the first place?
Question for you. How do you work through the security issue while away from property? Many countries are fill with opportunists waiting for you to leave your property alone.
Also running costs, taxes and repairs likely to be the same as the amount he was spending on hotels. Lots of hidden costs he’s not mentioning. Will be costing fortunes to have multiple properties on each of the tiers.
And a different question - you set this plan for yourself based on your idea of a single young person, ie perpetual traveller, and its easy when you re single. But in few years you ll be married, have kids, and they will need a stability, one school to go to, one language to learn at a time, etc. I understand that pre school or primary school could be done in one country and secondary or a high school could be in another country, but still need one stable place for kids to have less stress. What would be your best approach to this issue and which countries you could live in or recommend to keep all those tax free perks, safe n clean environment and well developed urban city infrastructure like KL, Istambul, Moscow or Singapore could offer to a family with kids..?
I love your idea. I hope to get to that level. Getting second passport through my father’s country of birth which will allow me to purchase property in that country. That is step one. Malaysia is on my radar. I love Asia and Southeast Asia but seems like KL is a good location with proximity to everything. Would love to land in a location knowing I could stay in my own home, with my own things set up the way I want and ready to go. Great advice. Still deciding on a 3rd. I’ve always loved Europe but still have many more places to explore to define the right country. Like you said, you have to take into consideration their taxation laws including wealth tax.
Hey Andrew! Love your videos and your channel! But your musical intro theme song is a bit overwhelming on the ears compared to the info parts with just your voice. I find myself scrambling for the volume button to turn the music down when it kicks in with more than one of your videos. Thought you might want to know...
Interesting video Andrew. My question for how long can you continue this lifestyle? in other words what are your options if you plan to start a family? in this case where is home?
I have 2.5 million assets usd living in hong kong. your lifestyle interest me and like to travel, and invest in real estate. thanks. I want to live in Montenegro.
Thank you as always for some stimulating thoughts. I have a problem with the trifecta concept when it comes to tax residence. If you want to be tax resident somewhere (I do, and I guess others may) then you typically need to be there for 183 days, ie half the year. This leads either to a lopsided trifecta (180+90+90) or perhaps a bifecta (183+182). I guess this can be worked out though.
I would rather have just one home and everything else invest in something liquid like stocks (growth stocks and dividend stocks for cash flow), bonds and of course crypto. I'm not big fan of real estate.
The intro is horrible, but the content is an absolute MASTERPIECE! You are speaking exactly my language telling about "core homes". I spent almost 3 entire years exclusively in hotels and that made me dream of building real homes in different countries.
What does management look like for multiple properties in different countries? Property management standards for investment homes in the US vary greatly - same elsewhere?
HOA costs can vary profusely depending on which country or area the property is in, in certain coastal areas of Australia you'll get totally screwed on HOA and have to pay thousands on property tax and water usage on top of that, in other countries you can find HOA charges of just a few hundred dollars per year and even less in property tax.
Andrew, you definitely have enough extra cash to keep on buying homes but to me it sounds suboptimal.There are far better places and opportunities to put your money and earn high double digit annual returns. I understand tier 1 core 2 homes .there is no residency and hence tax if you live less than 180 days in a place which is your situation anyways. If you and your clients are earn above 200k per year there are far better ways to put your money to work
What if you’re income right now couldn’t support investing in your tier A property, is there any reason investing in a tier c or d place first isn’t a good idea? For example, I’m looking at some of the more rural areas of Montenegro, not too far from the coast but just far enough I could afford a decent place to work from home with a little land. Eventually I’d like to invest in enough property for some of these buy in citizenship places like Montenegro or Turkey but I’m just not there yet. Point is, I would prefer not to drain endless money into California rent while I build my biz.
Loving that New intro theme, Nomad Boss Level 5,000. 👍
My favorite TH-cam channel..
irfan nadeem 🥰
Mine too!
@@nomadcapitalist Are you in Tivat right now? I will be here until the end of the summer and I would like to meet you in person
Mine 3,4,5,6,7,8 I / WE Appreciate
I buy bases in 5 stars hotels so I could spend 45 days in each place in a year, renting them out for the rest of the time. By now I got Playa del Carmen, Batumi, Tulum and Bansko. Considering buying something in Panama, Johor or Batam, Antalia region and Dubai before I retire. Great job Andrew.
Thanks for sharing, Evgueni!
Did you purchase in Panama? I'm considering making Panama my base, so I'm interested in your experience.
@@tampapropertygirl3422 I opted to buy in Costa Rica in Punta Leona.
I like your idea of having 2 or 3 bases and explore from there.
New intro is 🔥🔥🔥🔥🔥
Excellent Andrew, I am working in a similar plan with a little twist in which I buy property in places that want to spend time and at the same time to rent it out while I am not in the place. Excellent channel,
that would be his tier C :)
I want to do the same. Buying my first property in Mexico soon.
Well said, Andrew. I agree that being able to knock down walls, put nails in the wall, redo the kitchen, etc are big reasons to want to own a home. Also, perhaps the value won't skyrocket (even ever), but if it's in a city center or the beach, and you ENJOY the location, that is absolutely a benefit, regardless of the monetary value. Does it improve your life? Does it make you feel good to spend time there? That's what the real question should be.
Benjamin Marxx All true.
Wow that was very very informative. I have taken notes on everything you have said and added it to my strategy for migrating. My goals is becoming a reality and I am thankful for all information you have given us on these video. Thank again Andrew for this video and I look forward to maybe meeting you one and expressing how your videos and book has change my life.
Where are you from?
Interesting strategy. I've tended to think that ownership is a P.I.T.A. because each owned home must be maintained, secured, etc. How do you handle that in homes around the world? Have you ever returned to a home to find it not as you left it?
I like your personality, it's so real and refreshing
Awesome video, but some technical feedback: The audio levels here need to be balanced - your voice is very quiet whereas the intro music was rather loud.
Only this month, I’ve looked for homes in Macau, Canada (Montreal) , the Philippines and now I’m back in my home base in Singapore (my wife is a national). I am moved by every single of your video, they really reflect the highest standards I am longing for for years. How come you channel is growing so slowly while some hippies with little to no value proposition are thriving on TH-cam is beyond me.
Thank you for the kind words.
This resonates so well with me. I haven't started yet this lifestyle but intuitively I have been finding out for myself that traveling a bit to find out my first tier1 places was the phase 1 of my plan. Your higher tiers explanation have just brought the light on the later phases I might go through. Thanks much Andrew, and take care.
Happy to help, Daniel.
Wholy moly awesome intro Andrew really really awesome, and loving your blue shirt.👍
Good stuff Andrew, I'm also considering South America for residency/citizenship, the best overall deal appears to be Ecuador in terms of permanent residence after 2 years and citizenship 3 years later with hardly any required time spent there after a $40,000 investment in a bank account or real estate, their passport is one of the few which allows visa free travel to Russia, China and Turkey also and no tax on foreign income if you become a resident there, cheers.
I’ve never been to Ecuador, but from what I heard, you really need to spend like 9 months per year in the country until you get your citizenship? I’m not sure if you can just put in 40k and leave? I don’t know If they will actually check your days in the country ? What else have you heard about it ?
Great video. Great insight.
I do have one question though: how do you manage your residential properties when you are away?
Having residental units idle for 7 or 8 months a year on different continents would cause a worry. How are they kept safe and monitored?
Not renting out a property might seem crazy at first, but keep in mind in some countries it will complicate your taxes and will have to pay because it’s income earned within that countries’ borders. Like Mexico for example. Smart! Thanks Mr. H 👍🏽
This is the channel I have been looking for. This just gave me a goal of what I want to achieve in life.
I'm so happy to hear it🥰
Wowowowow intro is awesome! Interior design is awesome! Shirt perfectly matches the background! Awesome topic! Looove it
Thank you.
Andrew, It would be amazing to get a hint on how to find good deals on finishing construction work in Tbilisi and other emerging economies, as you know, market is very sparse there. Thanks!
Interesting idea. We do offer this service to our clients.
Great video, completely agree with not renting out a 2nd or 3rd , trie A or B home. Especialy when you gone thru the work to update it. No one will take care of your own home like you would.
Im feeling that new intro
Andrew, this idea is completely unpractical. It sounds so cool and very romantic for someone who ...never tried it. I kept three places on three different continents travelling between them. After 4 years of doing it I finally said "enough" as keeping two households, maintaining all three of them paying three car insurances, property taxes (even tiny ones), electric bills, internet bills, etc. etc. was not really worth it. The only advantage of that was that after all that time I realized I liked one of them more than the others. I am totally with you Andrew about most of the things you say. But sometimes you over-do it. I have no doubt that in few years you will realize that living in those 3 places is not that great thing. You may shrink it to just 2 places or even only one.
But great video anyway
Interesting approach. I can definitely see the appeal of not having to schlep all your stuff around the world.
Andrew this is another great video the problem is that me and many other entrepreneurs have children who need to go to school or just want to live full time in a place we love.
I’d love to see a video of how someone can legally reduce their taxes and much they could reduce them by for an online business by living in one European country (in my case Spain) full time.
I know this will be a popular video.
Pure Raw Straightforward Info, Thanks Andrew
You should consider Uruguay for your latin base, it has the most English speaking next to a couple central american options and its in the top 3 wealthiest next to chile and panama. And it has a wealthy high end beach town in punta del este. It has alot of European influence and likes to think of itself as a European country lol.
Thanks for the suggestion.
@Gororoba boring is a good place to lay low when the western world is melting
Loving the new into Andrew keep making moves.🤙✌️
Glad to have you.
Love the tier approach! Brilliant!
U have simply "redefined" the term TRIFECTA 💚✌️
Thank you for this detailed breakdown of your strategy and living philosophie! I am planing to model my location independent life after your nomadic lifestyle in the next 3-4 years so this is absouletly a great video :)
Hope recruitment is going well!
Thanks, Fadi.
You've really opened my mind. Now I am considering getting a 2nd citizenship. I used to see USA as the best country on the world but ur videos have changed my perception. Thanks!
I spent some time in Sutomore, Montenegro a few summers ago and found the country to be rather pleasant and very beautiful (lovely mixture of sea and mountains). I have traveled quite a bit, not near as much as you, but I have found myself at a plateau and just tired of new beds and temporary places. I am not at a financial digital nomad phase yet it life so I am going back to the US to work for a while. I want to thank you for your videos, insight and all the footwork you have done to create this content. The next year or so while in the US, I am going to do more research and consider future options. I want a few small places in special locations that are beautiful and where I am treated well! All the best and I am happy to have found your channel.
Another great video - love hearing honest discussion. You say the things I’m thinking.
Makes good sense. After years of dealing with both sides of rentals I'm sick of it, and a home is worth the cost.
Hello Andrew, great knowledge as always... A question that I have been having lately:
How does one protect all those homes, bank accounts and investments scattered across the world so that in the tragic event one passes away it can be gifted to kids/family without issues?
Good question; stay tuned.
@@nomadcapitalist 🙏🙏you guys have been such a positive influence... We need a new book 😊
Put them in a trust
@@Dimitrius1 thanks Dmitry... I will do some Research on that
Krishna , what a fabulous question!
In one of your clips you mentioned that you would rather live in México than in Switzerland. That was kinda funny... Could you do a clip on how to buy real estate in México or Nicaragua at some point?
Mexico over Switzerland any day and twice on Sunday. Not even close.
I love México too! It was funny though because Switzerland is associated with high safety, low taxes and wealthy people and México is associated with getting robbed. So your comment was really going against those clichés.
@@theandrewhenderson Can foreigners own land in México?
metamememachine no. They cannot, but there are workarounds
We've built out 4 tier 1 homes where we can travel to on a rotating basis and that works well for us. our next goal is to get a business place in my main city of business and then to build out the investments more, great info as always Andrew
Thanks, Neil.
Really enjoy the content in the videos posted on your channel. I'm in the process of living this type of lifestyle in the very near future.
Appreciate the kind words, Kenneth.
I own resort properties in 3 countries. I receive a good income and can either use or get use of owner discounts at other resorts owned by the resort group. I hardly stay at my properties. I have a base property in my home country where I spend a majority of my year and travel every 2 months for 1 month.
Now THAT’S an intro. Amazing stuff Andrew.
Thank you.
But what is the end game? The exit strategy? They are still "investments". Right? Waiting for the value to rise and.flip in 5-10 years?
Great new intro. ❤️
Excellent! Thanks!
Next few years will be a nightmare for global real estate. Be careful.
That’s exactly where the opportunity to buy some cheap real estate comes from
Well....it seems wonderful but other than the real estate appreciation i do not see a great ROI, using these properties in Airbnb might make some more sense from this angle
Just a friendly FYI, whichever country you buy your Apple iPhone in, is the same country where any needed "replacement" service will have to conducted in.
Fantastic and inspiring, Andrew. My plan is to schedule around my kids' school year, and in the english schools of Kuala Lumpur the winter break is as long as the summer's, so we can spend a winter month in Japan or wherever then back to school then a summer month in Georgia or Amsterdam or Uruguay or Chile or Montenegro then back to school.. I wonder what you think. I'll be receiving your organization's services after my next sell.
Looking forward to it!
What percentage of these tier A/B places are condos vs houses?
I know I want Tokyo to be my 1st Trifecta, it actually is extremely affordable and safe, especially for someone with residency in the healthcare system despite the rumors. I think Dublin would be another great one since getting Irish citizenship as a dual citizen is easy having Irish Heritage and would be a great platform for investing in the entire European market. The United States would be a good 3rd base since I am an American Citizen and would be convenient. Due to the increasing dysfunction and unrest in the US, I would make it 3rd on my list of three.
I like the idea of tier A, B, C, D.......hope you realize how fortunate you are to be able to do it.......and how few people can do it! Glad your living the dream though!
The last time I left a home I owned unattended for a few months, when I came back, my washer and dryer were gone, my door was busted in, the floor was flooded because the thieves never shut the water off after disconnecting the water, and bunch of other things were stolen. How do you handle security so you're not worrying about stuff like the the entire time you're gone?
New intro is great but sound is too loud relative to voice.
Andrew, what was Your background. How did You acquire Your wealth!? Maybe You have already discussed it, but I may curious...
I am doing the same thing in Latin America and Africa. Life is good...
One do not have to become fully nomad to enjoy the benefits of financial success.
I remember you talked about your business experience with radio station as well as swimming pool maintenance company. Now, you do consulting of high net worth individuals, obviously. So which business propelled you to be a multimillionaire?
We will be addressing this in a few upcoming videos.
andrew, how do you deal with all the cleaning/ laundry/ vacuuming places? Do you have contacts of all cleaning services arranged or do you do it yourself?
whilst traveling i love one thing about hotel is that i walk in and everything is freshly cleaned. i don't need to do any house work for it.
do you fly private or still fly with airlines?
watching this video only now. Amazing concept of having several core homes. Dare to live differently!
awesome new intro
Morning Prof. I am waiting to catch your latest upload. Oh...guess what? I .....just .....ordered my copy of wait for it....your book😃😃😃😃😁
looking forward to hearing first impressions
I’m really intrigued by all of this and I’d love to be a Nomad Capitalist but I’m nowhere near the point I’m sure you have in mind for the Work With You application. I have three passports already and I live for travel, but I’m just an ordinary university student and know absolutely nothing about entrepreneurship. What would you recommend for learning how to run a business in the first place?
That's beautiful. And personal aspirations. :)
Thank you, Jessica. 🤗
Question for you. How do you work through the security issue while away from property? Many countries are fill with opportunists waiting for you to leave your property alone.
Also running costs, taxes and repairs likely to be the same as the amount he was spending on hotels. Lots of hidden costs he’s not mentioning. Will be costing fortunes to have multiple properties on each of the tiers.
And a different question - you set this plan for yourself based on your idea of a single young person, ie perpetual traveller, and its easy when you re single. But in few years you ll be married, have kids, and they will need a stability, one school to go to, one language to learn at a time, etc. I understand that pre school or primary school could be done in one country and secondary or a high school could be in another country, but still need one stable place for kids to have less stress. What would be your best approach to this issue and which countries you could live in or recommend to keep all those tax free perks, safe n clean environment and well developed urban city infrastructure like KL, Istambul, Moscow or Singapore could offer to a family with kids..?
You could also get a yacht and live anywhere on the ocean.
I thing that methode A. B. C. D it is very good
That I think give more integrity and good stability and good cost
Nice new intro
Thank you.
Currently have a property in UK and Malaysia, and bank accounts and investments in Singapore. I guess I'm half a nomad Capitalist 😄
I want to buy in South east Asia, but Foreigner can't own a property in south east Asia.
How do you do that in Malaysia?
I love your idea. I hope to get to that level. Getting second passport through my father’s country of birth which will allow me to purchase property in that country. That is step one. Malaysia is on my radar. I love Asia and Southeast Asia but seems like KL is a good location with proximity to everything. Would love to land in a location knowing I could stay in my own home, with my own things set up the way I want and ready to go. Great advice. Still deciding on a 3rd. I’ve always loved Europe but still have many more places to explore to define the right country. Like you said, you have to take into consideration their taxation laws including wealth tax.
I have no plan to buy properties in another country but it is good to learn other perspectives. Thanks!
Brilliant approach!
I miss the current info music, but I'm a romantic.
excellent content, I enjoyed it. I share your view of classifying properties in tiers, depending on subjective criteria.
Hi Andrew, may i know how many Citizenships do you have?
Hey Andrew! Love your videos and your channel!
But your musical intro theme song is a bit overwhelming on the ears compared to the info parts with just your voice. I find myself scrambling for the volume button to turn the music down when it kicks in with more than one of your videos.
Thought you might want to know...
Thanks, AG. We'll address it for future videos.
Interesting video Andrew. My question for how long can you continue this lifestyle? in other words what are your options if you plan to start a family? in this case where is home?
Have multiple wives and many children spread across the globe
Very Informative !
Would like to hear your thoughts on Dominican Republic
Would love to see your Tbilisi home video tour... if you do own /still own one there 😊
He does, keep an eye on our channel for some exciting content coming soon!! 😊 😊
Hi, Good video, in your old age if you want financial need, how do you dispose the property.
You need $ to buy real estate, so far I've not found any cheap good quality properties
Genius level 🔥
I have 2.5 million assets usd living in hong kong. your lifestyle interest me and like to travel, and invest in real estate. thanks. I want to live in Montenegro.
Thank you as always for some stimulating thoughts. I have a problem with the trifecta concept when it comes to tax residence. If you want to be tax resident somewhere (I do, and I guess others may) then you typically need to be there for 183 days, ie half the year. This leads either to a lopsided trifecta (180+90+90) or perhaps a bifecta (183+182). I guess this can be worked out though.
It sure can be 😊
I would rather have just one home and everything else invest in something liquid like stocks (growth stocks and dividend stocks for cash flow), bonds and of course crypto. I'm not big fan of real estate.
The intro is horrible, but the content is an absolute MASTERPIECE! You are speaking exactly my language telling about "core homes". I spent almost 3 entire years exclusively in hotels and that made me dream of building real homes in different countries.
How do you “create wealth”?
You don't. You create "health" , meaning the ability to save more of your energy per unit of time thereby expanding your life expectancy.
What does management look like for multiple properties in different countries? Property management standards for investment homes in the US vary greatly - same elsewhere?
do you rent your properties or are they empty most of the time?
Stay tuned.
The hoa and upkeep cost is quite high for any property. It could be an ideal situation if airbnb is legal.
HOA costs can vary profusely depending on which country or area the property is in, in certain coastal areas of Australia you'll get totally screwed on HOA and have to pay thousands on property tax and water usage on top of that, in other countries you can find HOA charges of just a few hundred dollars per year and even less in property tax.
Andrew, you definitely have enough extra cash to keep on buying homes but to me it sounds suboptimal.There are far better places and opportunities to put your money and earn high double digit annual returns. I understand tier 1 core 2 homes .there is no residency and hence tax if you live less than 180 days in a place which is your situation anyways. If you and your clients are earn above 200k per year there are far better ways to put your money to work
For me because of my health...i chase humidity around the world...
Interested to see where you wind up in Latin America
What if you’re income right now couldn’t support investing in your tier A property, is there any reason investing in a tier c or d place first isn’t a good idea? For example, I’m looking at some of the more rural areas of Montenegro, not too far from the coast but just far enough I could afford a decent place to work from home with a little land. Eventually I’d like to invest in enough property for some of these buy in citizenship places like Montenegro or Turkey but I’m just not there yet. Point is, I would prefer not to drain endless money into California rent while I build my biz.
Love your life style ' wondering how you do your income tax ?
I imagine as you begin a family adjustments will be made , a new paradigm will emerge
Hey Andrew are you in Tivat right now? I will be here until the end of the summer and I would like to meet you in person
And.... now we can’t get in any borders; something no one could predict - but it temporary, ,,, at least