Why I Hate Caribbean Real Estate
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- เผยแพร่เมื่อ 1 ก.ค. 2024
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Today, many people understand the importance of having a real estate portfolio. But it's pretty easy to misinterpret things. When looking at opportunities in property abroad, you must look at market trends rather than the sheer number of properties you own.
Most people underestimate market trends' importance when making overseas real estate investment deals. This can end up costing quite a lot of money. You don't want to do that to yourself. Therefore, you must understand what you're buying.
Some property developers overestimate the value of properties. It would help if you got accurate figures. You want to make money, not lose it.
00:00 Start
0:23 Investing in Real Estate
1:27 Andrew's Response to TH-camrs
3:40 Turkey vs. the Caribbean
5:12 Real Estate in Albania
5:39 Real Estate in Montenegro
8:11 Real Estate in Grenada
10:11 How to Invest in Real Estate
13:14 How to Get a Second Passport
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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I did the CBI in St. Kitts and Nevis and we went for the pure donation route for the exact reasons mentioned. We are planning to live there and found it would be way more flexible and economical to just pay the donation. Good video!
You are completely correct. Especially since if you intend to renounce a US citizenship you will have to later pay a 20% tax on that home you bought in St Kitts.
Very well done and straight to the point.
Andrew off the top ropes with the elbow drop on "2 other TH-camrs". I wonder who the other 2 TH-camrs are. I have a hunch, but not totally sure.
Same. There’s exactly 2 that I know lol. 1 with a crowd bigger than the other
Spill the tea!! 😃
Spot on. A light onto the dark
I agree with diversification of real estates. But to find a good deal in a foreign city is quite hard and with not so good returns. Maybe Andrew, you could do some more of those videos? Like a tutorial of finding them - i remember u did it in turkey, could u do some more and go more in depth?
Exactly. You have to live in a house somewhere, and it's a lifestyle choice to buy a house where you won't get into a TMZ-video-worthy war with your neighbors and can enjoy the neighborhood amenities. Otherwise, I personally would put my real estate investment money into a some sort of a REIT (Real Estate Investment Trust) and let a pro handle it.
thank you for this
Thank you Sir
I quickly figured out who you're talking about. 😁
Thank you so much for the advice .
I love this channel! Value over hoopla
So glad.
Buy in Trinidad. land value is increasing here, and Trinidad is not prone to adverse weather concerns. now is actually a good time to buy while land prices are still reasonable. But we are an industrial island rather than a touristy island.
Yes, Windward Islands tend to be pretty safe when it comes to hurricanes.
Time value of money 🏆
I feel all international visa facilitators charging ridiculous amounts to get you residency or instant citizenship are simply taking advantage of your not wanting to do the ground work yourself because you either don’t speak the language or fear bureaucracy. I suggest you contact that country’s embassy or government website on the subject and establish contacts at that level then visit the country and hire a visa facilitator down there who will surely know the system and speak English since they are catering to English speakers.
Exactly. Sometimes I fancy opening a company like Andrew. It's unbelievable how people are ready to give money away for just a bit of know-how.
You could basically setup a wikipedia to put all that knowledge in the open and update it in real time. Most consultant businesses could be replaced by a good wiki.
It's been said that a lawyer who represents himself has a fool for a client.
Anyway, residential real estate in America popularly is handled by "realtors" who charge high commissions. Some people take a DIY approach to residential real estate transactions. Fair enough. DIY or let a pro handle it: your choice.
No Zillow WOW!
Don't some Caribbean islands also have issues with locals making ancestral claims on lands that have already been sold? I knew an American hotel owner on Saba that spent years in court over who owned the land under his hotel!
Excellent!
Inspiring Intelligent
What about buying a house in Belgrade? It sounded like a lot of that riverfront property was mostly for narcos.
Cayman Islands property makes sense !
Perhaps the exception
but it's not tied to the Turkish lira, so not as much fun to gamble on.
@@chrislennon3925 😂
How about the Dominican Republic. I find it to be a good value compared to other Caribbean islands. I have considered buying a beachfront condo in the Punta Cana area with the intent of renting it out using ARNB buy fear is stopping me.
Have you considered Playa del Carmen, Mexico instead? :)
@@FreedomPlaya -No I have not, been to Mexican coast but it feels sort of like Disney on a Tropical Beach. Too commercialized for my taste.
@@guillermone1 Some areas in the Riviera Maya are indeed
'commercialized'. Some other places, not so much. For example, have a look at my videos re: Puerto Morelos. It's a lovely little beach town in between Cancun and Playa del Carmen. From an Airbnb/rental perspective, the Riviera Maya is definitely an in-demand location.
@guillermone1 ...and Punta Cana isn't?? All inclusive resorts. No boardwalk there at all. You can barely walk down the beach without resort security daring you to touch their chase loungers. Bayahibe maybe, Punta Cana no. I spent 4 mos in south DR because I dive and the diving's better in Caribbean. If you don't dive, then Las Terrenas up north has much nicer beaches- long, walkable with a nice boardwalk alongside w shops, restaurants, etc.
@@JTland-sea-air -When was the last time you were there? The area is growing really fast, with a lot of residential communities already built and being built. Most of them are private and gated communities, that is the only difference. Its not the regular traditional neighborhoods.
I wonder how expensive are the insurance premiums for homes on those inclement weather prone islands.
actually St Kitts & Nevis are not inclement weather prone in so far as the devastating storms you are likely referencing.
Of course St. Kitts and Nevis are in the Hurricane zones. The entire Caribbean islands are prone to Hurricanes etc, except Aruba, Curacao and Bonaire due to their southerly location. Trust me l am from the Caribbean. Please do your research. Also the cost of Hurricane insurance is skyrocketing.
We need the money I feel like everybody in the world needs a stimulus check not picks or choose a few state to get them and other don't have that. Not fair is not right
It would be nice to have #2$ check stimulus check for l people with social security disabilities so we can invest as well 😔
what about the Bahamas 🇧🇸 🤔
The Mexican Caribbean esp. Playa del Carmen is an amazing place to live and invest in ☺️💗 We have a dollarized, international rental market that appeals to people from all over the world.
Dominica property seems quite pricey.
Can you write off the donation?
Is this about the guy who made the Linkedin post lol?
I think I saw it too
I bet so 😂
Can you explain or point me to the linked in post?
I was reading that with the death of Queen Elizabeth certain common wealth countries like st kitts and Antigua are talking about leaving the common wealth. If the islands leave the common wealth do they loose access to the Schengen area?
Maybe yes
no
@@barrytelesford5265 Why not note that there are official government statements in this regard?
@@nooralansare358 as in they wouldnt loose access to schengen. Trinidad is not under the queen and we have access to the Schengen
@@nooralansare358 no as in they will not lose access to that. there are no governments statements to the contrary. Also its not predicated on the Caribbean islands having the queen as head of state. Trinidad has access and we have been independent republic since 1962
How many languages have you had to learn? I think it does not make senses move some were and not learn the language. Living in another country sounds interesting, but I would only try it for 6 month first.
If its the guy I m thinking of, the guy does alot of walk and talks and pushes property or fraction of
actually SKitts and Nevis has an escrow program to prevent this - make sure to talk to. qualified professionals as well as duelling TH-cam influences when making your offshore plan. ask for specific examples and data and not just opinions.
1:36 LoL
Basically look at ALL ALTERNATIVES before you jump.
Be careful of the cyclones there!
You mean hurricanes, cyclones are found in the Pacific Ocean.
Let's say that things get really bad and all those tens of thousands of people decide to escape to their second passport country because who is going to drop bombs on a small island and what other choice do they have if there is war in most major countries. Will be enough properties on those small islands to accommodate them and how much it will cost to rent something. Just look at Georgia rent price is a few times higher as many Russians try to escape there. So maybe it's not a bad idea to actually have your own place there as your home or just to rent
Better hope that island is self-sustainable 😂
@@semzip8558 most are
@@kriskravt3428 you sure? Energy? Petrol? Goods? Unless you’re living off-grid I seriously doubt it.
In times of war you have to forget about good living conditions all you need is water and food and all those islands have it @@semzip8558
"This TH-cam Influencer thinks..." Lol
😂
Location location location
Why all these propaganda about CBI AND Real estate in the Caribbean that's not cool if you know of any point them out . I am an real estate agent in Antigua which is such a beautiful Country and you're here making all these unfair accusations base on your own personal preference and false belief which I think is lacking personal experience to your claims.
What about the banking scams in antigua
🤣🤣
y u bitter?