What's the price of a home, condo or apartment in Puerto Vallarta?
Sheryl Novak - SOLutions Mexico Furniture Store
Once you find your dream home in Vallarta Nayarit, the next step is how to finance it.
We often hear people say: some day when we retire, or some day when I win the lottery, or some day when the kids are grown. They are thinking about how they can cash out from their home and investments in Canada or US to finance a home in Mexico. A better way is to consider right now to use the equity in your Canadian or American home as leverage for a...
Once you find your dream home in Vallarta Nayarit, the next step is how to finance it.
We often hear people say: some day when we retire, or some day when I win the lottery, or some day when the kids are grown. They are thinking about how they can cash out from their home and investments in Canada or US to finance a home in Mexico. A better way is to consider right now to use the equity in your Canadian or American home as leverage for a line or credit or reverse mortgage to buy the property in Vallarta Nayarit.
With interest rates so low, this is often the best way to finance your property. And, especially if you are planning to use your Mexican home for only a few weeks a year for the next few years, the rental income more than not will offset the cost of the interest on the borrowed money, all operating costs, taxes, etc. In fact, you will most likely see a positive cash flow after only 2 months of rental per year!
Dont put off buying that property - now might just be the best time to buy. Before the market turns to a sellers market!
(Dining room in Puerto Vallarta, Mexico, pictured.)
Yes, we do have a lot of watersheds in Belize; about 16 major watersheds that branch off onto minor watersheds. I live in the Cayo district, which has the Belize River, the longest watershed in Belize. The Belize River is also where we have our annual canoe race, which was about a month ago.
I live in San Ignacio, which is where the Belize River starts. It is actually a combination of two rivers that join here in San Ignacio. To get to San Ignacio, you have to cross the...
Yes, we do have a lot of watersheds in Belize; about 16 major watersheds that branch off onto minor watersheds. I live in the Cayo district, which has the Belize River, the longest watershed in Belize. The Belize River is also where we have our annual canoe race, which was about a month ago.
I live in San Ignacio, which is where the Belize River starts. It is actually a combination of two rivers that join here in San Ignacio. To get to San Ignacio, you have to cross the Macal River, which comes from the Maya Mountains and we also have the Mopan River, which comes from Guatemala.
These rivers are big enough to navigate. In addition to the canoe race (which was great), people do a lot of kayaking and tubing. If you go here in town the river is a little shallow but if you go farther down then it gets deeper as you go.
I am not really sure about lakes, but I think we do have one in the southern part of Belize that has recently been established as a National Park; it is called Five Blues Lakes but is at the moment unexplored. When visiting the islands, there are a lot of lagoons, most of which are salt-water lagoons, and close to the sea.
(Arial view of the Belize River through the Belize District, pictured.)
What's retirement in San Juan del Sur, Nicaragua like?
Eugenio Cortez - Hacienda & Ecolodge Morgan´s Rock
San Juan del Sur is like any other city in Nicaragua where life definitely starts very early in the morning, like 4: 30 or 5 AM. That’s when you see the markets beginning to open, the fishermen getting ready to head out to fish, the surfers heading out to surf. It is very, very laid back for retirement.
When I say laid back, you can probably do the entire day’s chores in about two hours, maybe even less. You can walk on the beach, visit different stores, eat in one...
San Juan del Sur is like any other city in Nicaragua where life definitely starts very early in the morning, like 4: 30 or 5 AM. That’s when you see the markets beginning to open, the fishermen getting ready to head out to fish, the surfers heading out to surf. It is very, very laid back for retirement.
When I say laid back, you can probably do the entire day’s chores in about two hours, maybe even less. You can walk on the beach, visit different stores, eat in one of the restaurants, maybe do some exercise. The town per se runs at about 6 miles per hour. I can only imagine being retired.
It’s definitely not New York City that goes 1,000 miles per hour. Retiring in San Juan del Sur is the complete opposite. It is extremely relaxing. You can sit by the porch during the afternoons, have lunch at 12 because you were up since 6, reading the newspaper at 7, having breakfast, going out. The vibe is very relaxed. It is an “I don’t care about the world” type of feeling. I wouldn’t mind relaxing in San Juan for the rest of my life.
I’ve seen a lot of older folks and the impression that I get is they obviously have money but not millionaire money. They have money to retire in San Juan del Sur so they can have the luxury to do pretty much whatever they want. Once they are bored, they’ll go have lunch at Morgan’s Rock or they’ll go on a day trip to Ometepe or they’ll go fishing for the day because they’re obviously retired and they can afford it but it’s not like they’re spending thousands and thousands of dollars. It’s really affordable.
As a foreigner or expat, can I buy or own land or other real estate property in Portugal?
Luis Rodrigues - Gouveia Pereira, Costa Freitas & Associates, Law Firm, RL
Yes, as a foreigner, you can buy or own land or other real estate in Portugal. There are no restrictions for owning any land or other real estate asset in Portugal based on nationality. Moreover, care to note that Portugal allows individuals and/or companies (regardless of the nationality) to own the freehold of land or other real estate assets for perpetuity.
(The long sandy beach at Nazaré on the Atlantic coast, Portugal, pictured.)
Yes, as a foreigner, you can buy or own land or other real estate in Portugal. There are no restrictions for owning any land or other real estate asset in Portugal based on nationality. Moreover, care to note that Portugal allows individuals and/or companies (regardless of the nationality) to own the freehold of land or other real estate assets for perpetuity.
(The long sandy beach at Nazaré on the Atlantic coast, Portugal, pictured.)
Yes, definitely, there are American-trained doctors in Panama. The majority of the doctors in Panama City do some sort of training in the US, either because they did their entire schooling in the US or they did their schooling in Panama City and specialized in the US.
Probably the best hospital in Panama City is Punta Pacifica Hospital, which is an affiliate of Johns Hopkins. The doctors there would be bilingual and many of them were trained in the US.
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Yes, definitely, there are American-trained doctors in Panama. The majority of the doctors in Panama City do some sort of training in the US, either because they did their entire schooling in the US or they did their schooling in Panama City and specialized in the US.
Probably the best hospital in Panama City is Punta Pacifica Hospital, which is an affiliate of Johns Hopkins. The doctors there would be bilingual and many of them were trained in the US.
Another popular place for Panamanian doctors to go to finish their education as doctors is Spain, so Spain and the US would be the primary places for Panamanian doctors to get their training.
One of the worst reasons to retire overseas is expecting everything to be very cheap. It’s not. I lived in Hawaii for a year and 90% of everything in Hawaii is imported, so it is cheaper to go out to eat. It is the same in Panama. There are things in Panama that do come from the US, but you pay the extra cost of having that.
Panama is a developing nation and the rising standards of living reflect that. Some retirement companies seduce people by...
One of the worst reasons to retire overseas is expecting everything to be very cheap. It’s not. I lived in Hawaii for a year and 90% of everything in Hawaii is imported, so it is cheaper to go out to eat. It is the same in Panama. There are things in Panama that do come from the US, but you pay the extra cost of having that.
Panama is a developing nation and the rising standards of living reflect that. Some retirement companies seduce people by saying that you can buy a beach house for US $59,000. Well, there may be something out there for that amount, but it would be a shack on a beach that is not yet developed.
Some retirement companies tell people that the price of fuel, groceries, and similar things in the US is very cheap here in Panama, and that is not 100% true. They make people go to their seminars. You will pay for your own flight; you will pay a ridiculous amount for your hotel accommodation in Panama City. Then they have seminars and they rush people to different places, such as to an immigration attorney they know, who will fix people’s paperwork. If you want to buy property, they will tell you to go to a specific attorney, and they all get paid under the table for things that we do at no charge, and that is disappointing for us.
From Puebla, it’s only about 80 miles to Mexico City, and there were plenty of signs encouraging us to visit. However, with over 21 million people in the metro area and us being on a tight schedule on our way to Lake Chapala more than 420 miles away, we decided it would be better to see Mexico City some other time, and instead pointed our van to the Northern Arc, which, true to its name, curves around the fourth most populous city in the world.
If you’re an expat, you may not want to read this. If you’re considering becoming an expat, you need to read it. Here’s what I’ve taken away, thus far, from my recent heart attack, and a very real brush with death in Medellin Colombia. Some of these insights I never imagined. Some of them were almost worth the roller coaster ride and associated pain and concern they presented.
We expats pride ourselves on our resourcefulness, our resilience, and our spirit...
Coiba Island really is a hidden paradise in Panama. The largest island in Central America, it is located between the Azuero Peninsula and the Costa Rican boarder. A former jail and surrounded by the Pacific Ocean, it is an oasis to intellectuals, adventurers or scientists who want to really discover a beautiful place.
Coiba Is an isolated, protected island that can only be visited with special permit from the ANAM, (the...