The Nuts and Bolts of Investing Overseas By Marc Hrisko

Investing overseas is an attractive idea for many Real estate investors. The challenge is that most are not familiar with the intricacies of foreign investing.

2012-12-13

MIAMI BEACH, FL, December 13, 2012 (Press-News.org) Each country has its own rules and restrictions, which can throw a curve ball into an otherwise good investment. Knowing your turf (or knowing someone who does) is key to success.

If there are in fact restrictions and uncertainties, why would you want to do it?
Because while you will have to do some research, you can get great properties for much less than you would be able to buy them for in the US. Another very attractive incentive is the possibility of extensive tax breaks you might qualify for, being that you don' t live where you invest. This in itself can turn a good investment into a stellar one.

One of the best places to buy is Costa Rica. Known for its beautiful landscape and natural habitat, this peaceful country offers many wonderful investment opportunities.
The coastal and mountain based properties along with many beautiful farms have the flair of the tropics and a vacation atmosphere.
Meanwhile, it does have substantial urban development, with many of the conveniences we are accustomed to. So where is the downside?
One of the things to consider is the lack of finance opportunities for foreign investors. Costa Rican banks only lend money to citizens, so unless you have cash readily available, the next best thing is finding owner-financing plans.
One of the must dos is locating an attorney who works with overseas properties. When you are on foreign turf it is essential to find people who know their way around the land and the legalities.

Another great choice is booming Brazil. Brazil offers beautiful coastline properties, rainforest, mountains and the cost of living is significantly lower than in the US. I recommend working with an English-speaking broker who knows the area and can help you find what best fits your needs. Some of the best places to invest right now are Rio de Janeiro, the beach resort Buzios and the beautiful Mountain town Terseopolis.
In Brazil one of the challenges is that you will need a CPF (Brazilian Tax registration Card). There are some options to apply through the Receita Federal website, but it is best to consult your Brazilian Consulate to confirm your eligibility.
Another option is to travel to Banco de Brasil in Brasilia, where for a fee you can pick up your CPF twenty-four hours later.

While there are some details to consider and some legwork required, investing overseas can be a highly lucrative investment strategy. The trick is to do the research, get all your ducks in a row and take advantage of some of the untapped markets other less savvy investors shy away from.

Marc Hrisko is an international speaker and real estate investment trainer.
For more information visit http://www.marchrisko.com

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