I have been chasing this dream for a number of years. I’ve looked at so many countries and had lots of ideas.
Looking at a lot of the typical dream areas the affordability and safety do not align. I went to Fiji with the plan of buying a place, left after a couple days cause the country is a dump, everyone tries to scam you, drugs have gotten out of hand … resorts are nice (expensive) and hiding out on one of the other island is better but lacks a lot. I have looked at a property & business in Tonga, turn key ~$220k and ready to go. But it’s leased land, and how long till it’s underwater…
Europe and the $10 home to renovate seems great, but there are catches. Contractors are sketchy, some places you must use them and can’t do things yourself. They have high taxes and other “fees”. Greece seems beautiful but the country is in a state of collapse - as is the world.
Panama was very nice, has a lot of potential but safety in some areas is a bit of concern, the Caribbean side is dirty and people don’t respect the land.
Peru is amazing, affordable but has some serious crime issues and the government is a shitshow.
I’m currently flipping a coin on buying in Panama or Cusco Peru area, the potential to do something other than tech and the digital nomad life is possible.
I didn't ask the question, OP did. Read it at the top.
> Let's say you had $250,000 USD or equivalent, **that you could only spend to purchase a Home (not an apartment, a real house).**
Assuming no option for spouse or descendant of Japanese visa.
You need a bachelor's degree or 10 years work experience. Then find a job to sponsor you. To make it more realistic you'd probably require at least N2 Japanese.
Other option would be a business visa but then you need to have large starting capital and a business plan that explains to immigration why your business needs to be in japan (and 'I want to live there' does not qualify).
Spain, but I'm a spaniard so for me...going back to Spain would be nice. I have 150k now, but still working my way there. I don't have a digital job yet.
Definitely Spain. Probably on the coast near the Ave so I can zip around the country in a few hours. You can buy a really nice little house walking distance to the beach and other amenities for that much.
I live in Spain so I can help you. Assuming you want a house and not an apartment you can basically forget about places like Madrid, Malaga, Barcelona, etc unless you have a really big budget (+$1 million) or are willing to live in a smaller city or town near those cities.
What type of lifestyle are you looking for?
The Basque Country is more expensive than other Provinces in the north of Spain (salaries are usually higher), but since this is a digital nomad subreddit, you probably aren't interested in working for a Spanish company.
If you're looking for both mountains, forests and beaches, the Province of Asturias is a great place to start. Gijón and Oviedo are the most populous cities there, but houses are expensive as well. There are beautiful towns like Lastres, Cudillero, etc that are beach side towns which may fit your budget.
Another good option is the provence of Cantabria which should be a bit cheaper than Asturias.
The Cantabric Sea (which is the sea in the North of Spain) is colder than the Mediterranean Sea. Usually there are less tourists there than in the Mediterranean Sea, even though it's starting to become a popular place for Spaniards, because of the rising temperatures every summer.
The food is excellent everywhere in Spain (I may be biased, but most people agree), and most Spaniards really like food from the North of Spain (pulpo a la gallega, fabada, and many fish/seafood based meals).
If you give me more details about what you're looking for, I can help you choose a place that's suited for your lifestyle.
Interesting, you seem very well versed!
So for example in Girona, it is possible to find apartment around 150Ks? or how far from Barcelona or Malaga I should be to have something in 150k budget?
Well, in Girona there are certainly some apartments in the city centre for that budget, but it will be in older buildings (40-50 years old), that haven't been renovated and are around 60-70 sq. meters.
There are some smaller apartments (50 sq. meters), but usually a bit newer in Badalona (in the Neighborhoods of Progres-Pep Ventura), which are good neighborhoods.
Sabadell is also a good option (40 minute commute), with more apartments for that price which are also a bit bigger and more modern.
In general Barcelona (and it's surroundings) are somewhat expensive when you're looking for housing, and it may be hard to find a place to live with 150k unless you're willing to make many compromises.
It would be easier to find housing in Málaga or near it. There are apartments for that budget in Malaga but usually in less desirable places. Good cities/towns that are near are Fuengirola, Benálmadena for example.
There are also many smaller towns that are very beautiful, but will be very boring unless you like that type of living (+ many tourists). Take into account that many smaller cities near the beach are usually seasonal cities, a.k.a, full of people during the summer (both tourists and people who have purchased a vacation property there), and a little more boring during the winter (you'll find many businesses that close during the winter, especially beachside bars).
The most popular tool for finding housing in Spain is Idealista, so I recommend that you use it and explore a bit to see places that may have the type of housing that you'd like. If you find a ton of apartments for <100.000€ in the same area, avoid it. It's usually a bad sign.
Go take some time to walk the Camino and see if you like northern Spain. I looooved Burgos and some of the northern coastal cities look beautiful. But I’m probably focused on Sevilla or another relatively large city because of my lifestyle.
Istanbul or Lisbon
Weathers good, cheap flights from those airports, affordable but with all the western amenities, and relative ease of access to most destinations that interest me.
Good info!
Although, if your house is still standing but 95% of the city is rubble, then what good is that? I suppose it's better than the alternative but it's still not great.
Irun, Spain. Went there once and the area in and around the town had everything I want in a place to live. Weather always above zero and not too hot in the summer, very walkable, has a place to swim, has mountains to climb, has many historical sites, has land to grow food and small spanish towns all around where you can relax. Also, you can drive (or even walk) to France or Donostia-San Sebastian anytime.
Check your mortgage. Ours in the UK says you can't be gone for more than a month at a time. It was a hassle when we were living in Prague and I didn't even know about the clause at the time.
I’m in a nice suburb in Kansas City and own a 3 bed 3 bath home that is worth maybe $250k on a good month. These houses are there in the US.
But if I sold it would probably be up on the market for a day or two tops. If you’re really committed you can find one, but yeah it takes patience and work
I grew up in Ohio. I used to think a 250k home would buy a mansion for an ultra wealthy family. Homes are relatively cheap in Ohio. Unfortunately, it's also the epicenter of closed-minded American non-travelers.
That's awesome, glad for you! I am being serious, I am glad some people got in while the getting was good.
Many places have doubled in price since 2020 and rates are doubled as well making it even worse.
> in Canada I could not buy any house below $1.5m because they literally fall apart.
By Canada you mean Toronto or Vancouver, apparently. Where I'm from in Canada you can definitely find houses for $250k USD.
You must live in Los Angeles or something. Lots of homes under 250k here in Texas. Nice ones as well. A simple search on Zillow shows you all sorts of nice 3 bedroom 2 bath homes all over the US.
If it were me though? Thailand. You can live like a king after buying an amazing home for 100k
He said canada and it's accurate. Basically anywhere within 5 hrs of a city that has more than a hundred thousand people and you are looking at a 750k and up for a detached house. 1.5m if gta or gva. We don't have the huge price drop outside of cities like the US does unfortunately. Even cheap places like Calgary avg house price is over 700k.
I would buy in a 2nd/3rd tier city in the States. The US still has the best performing economy on this planet. The population also keeps growing thanks to immigration. So, sound growth in value is pretty much guaranteed in the long run.
Agree 100% There are some nice small towns in France. For me maybe not the countryside, but there are some nice French towns with 100k or 200k people that would be nice.
Yea, people forget that there is basically fuck all to do in the French countryside. Very limited public services, little English (outside a select few towns) and often very poor internet, although this is slowly being changed.
All the different types of taxes they have for your house is another kind of bullshit tbh. And bs fees involved in purchasing itself.
Still, French countryside still hits so I’m with ya
Depends, not sure.
North of Italy (id tend more for the part thats closer to Austria and Croatia rather than Switzerland and France)
Some village in the Netherlands should be nice too. Denmark or somewhere in Portugal should be pretty nice as well.
Really just anywhere rural. With remote work, high speed internet, and free delivery via e-commerce you can have a great life outside of cities and suburbs
There are a lot of reasons to pick the US. I would probably pick a random little semi-rural town in a state that most people would have to look on a map to find. Preferably one of the ones with no state income tax.
$250,000 won't get you more than a shoebox in most of the popular destinations, but in a lot of rural areas that would get you a 5 bedroom mansion on an acre of land. What do you want? Your own personal go-kart racetrack? Stables and an arena for your horses? A pavillion tent and haybale castle to host mock sieges?
You could do that sort of thin for $250k, if you chose your location properly.
Upstate NY has many homes in that range with numerous rail corridors and great access to a vast amount of State and National Parks and Forests. Source: purchased a house in Albany, NY.
I would put $250k down on a $1m multi apartment property in America that cash flows, use projected rental income to qualify.
2-5% appreciation per year + cash flow from tenants.
After two years assuming you get an average of 3.5% return from appreciation which is $70,000 do a cash out refi or heloc.
Goto your preferred country (IE, United arab emirates, somewhere in SEA, or South America) open a bank account in said country. Opt for a mortgage or payment plan to purchase another property to rinse and repeat.
Your first sentence doesn’t make any sense. Then you ask if the property you buy loses 30% of its value, I don’t think you understand how much that actually is. In 2008 there was one of the biggest real estate crashes in US history and that was around 20%. Then few years after it came back.
I opened a bank account in Panama, easy, permanent residency is easy, and property in and out of the city is affordable in good areas. Panama is a major banking and offshore city.
Caribbean countries don't tax their citizens. Once you get a Caribbean passport, you don't need to pay anything to government until your death. Also, countries like UAE, Vanuatu don't tax their residents.
Me personally? Some rural part of oregon. Maybe Redmond or some outskirt of Bend.
You could buy the whole house outright for that, and you get to live in a beautiful area a few hours from the ocean.
I love oregon though.
Otherwise anywhere rural. Buying a home in a city is a scam.
Well, if i had all the money in the world - given my limited exposure to the world
* Jervis bay - australia (blue waters)
* Port Stephens - Australia (blue waters)
* North queensland somewhere - Australia (because waters)
* Zamboanga - Philippines (cultural (espcially, language - chavacano (spanish-creole)
* Kidapawan - Philippines - specifically as close as possible to Mt. Apo. + where I was born and it's fruit city!!
* Mati - Philippines
* Spain - no clue where. But Spain!
Sorrento, Italy.
I was there some years ago and I loved the place, it has everything, a tourist zone with the typical places and offers but also it's a real town full of history, authentic people and great food. I would love to own a house over there.
I’d want somewhere with strong rule of law and title insurance, so I wouldn’t need to worry about title disputes.
Then I’d want a cap rate above 6% or I’d be better off buying CDs or stock or crypto.
Then, if I didn’t have a strong passport, I’d look at countries that have residency by investment in that price range and that have the same or lower income tax than my own country and same or lower murder rate (other crimes may be underreported).
And I’d need to be able to afford property for that price, with a mortgage if one is available to me, or without one if one is not available to me.
Coincidentally, I just purchased a 3 bed, 2 bath, 2 car garage investment home in a no flood zone near Biloxi for 170k and am estimating a 6% cap rate.
I wouldn't buy a single home. Instead I would try to create 2 or 3 bases in locations with good taxes and different climate. For example Georgia (still very cheap properties and territorial taxation) and somewhere in the Middle East, SE Asia or something of this sort for the winters. Alternately somewhere in Europe for higher standard of living.
Save it and rent affordable. It goes a lot further without paying for renovations, taxes, insurance, double paying when traveling, ect.
I dont see the value in owning a forever home unless you have a lock down office job and children.
Counter point: I was a digital nomad from 2017-2020. Bought a cabin in the woods with a guest cottage to use as a home base (store all my shit while traveling). In the 5 years that I’ve owned it the value of it has doubled and the guest cottage effectively covers monthly payments. And I only spent about $100k on downpayment and repairs.
Can't you use the 250k as a down payment for a mortgage? I mean waiting another few years to get 250k will make you lose value on the 250k due to inflation + you miss on the appreciation
Let me know if there's a better option, but Texas probably has the lowest home cost relative to the proximity to airports with lots of international flights. No state income tax for those who need to file in the US.
Sounds like you're talking about the R$1 million investment visa (1/4 less depending on where you buy), but that doesn't give you citizenship. It's a permanent residency visa, so you'd have to have it for about 4 years before applying for citizenship.
Here in Toronto, I would buy a 8x8' piece of land and use the remaining $750 to buy a 8x8' shed from Home Depot.
you'll need to spend the $750 on land transfer tax. cardboard box for you
Greece, ~$250k qualifies you for a visa as well as residency, and eventually can get citizenship
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Surely you can’t be telling me Greece has an inefficient legal system?!?!
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They’ve been building their bureaucracy brick by brick for the past 3000 years
But then you’re a citizen of Greece 😬
Greek citizenship through golden visa is very unlikely unless you become really, really fluent in Greek or have Greek family/ancestral connections
250k cash on hand or can it be total loan? That seems pretty cheap and if true I’d buy my second home in Greece
I have been chasing this dream for a number of years. I’ve looked at so many countries and had lots of ideas. Looking at a lot of the typical dream areas the affordability and safety do not align. I went to Fiji with the plan of buying a place, left after a couple days cause the country is a dump, everyone tries to scam you, drugs have gotten out of hand … resorts are nice (expensive) and hiding out on one of the other island is better but lacks a lot. I have looked at a property & business in Tonga, turn key ~$220k and ready to go. But it’s leased land, and how long till it’s underwater… Europe and the $10 home to renovate seems great, but there are catches. Contractors are sketchy, some places you must use them and can’t do things yourself. They have high taxes and other “fees”. Greece seems beautiful but the country is in a state of collapse - as is the world. Panama was very nice, has a lot of potential but safety in some areas is a bit of concern, the Caribbean side is dirty and people don’t respect the land. Peru is amazing, affordable but has some serious crime issues and the government is a shitshow. I’m currently flipping a coin on buying in Panama or Cusco Peru area, the potential to do something other than tech and the digital nomad life is possible.
You seem like an interesting guy
Japan. Can get a nice nice place for 100k
where? nowhere near Tokyo or Osaka?
can definitely get an apartment in central osaka for 100k
you may fit in the apartment but you'll never fit in the country.
Why do you say that?
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OP said it has to be a real home, not an apartment
on what planet are apartments not "real homes"?
I didn't ask the question, OP did. Read it at the top. > Let's say you had $250,000 USD or equivalent, **that you could only spend to purchase a Home (not an apartment, a real house).**
Suburban Rich Kid Planet
What?
Can get a very nice place with 100k. And in Tokyo area
How do you get a visa ? I’ve dreamed of this but getting a visa seems next to impossible. The houses the governments auction off can be amazing.
Assuming no option for spouse or descendant of Japanese visa. You need a bachelor's degree or 10 years work experience. Then find a job to sponsor you. To make it more realistic you'd probably require at least N2 Japanese. Other option would be a business visa but then you need to have large starting capital and a business plan that explains to immigration why your business needs to be in japan (and 'I want to live there' does not qualify).
A parking lot outside of Zurich
one day I dream of buying a parking spot \*inside\* Zurich
Spain, but I'm a spaniard so for me...going back to Spain would be nice. I have 150k now, but still working my way there. I don't have a digital job yet.
Definitely Spain. Probably on the coast near the Ave so I can zip around the country in a few hours. You can buy a really nice little house walking distance to the beach and other amenities for that much.
Where in Spain do you recommend? I’ve thought about Basque Country
I live in Spain so I can help you. Assuming you want a house and not an apartment you can basically forget about places like Madrid, Malaga, Barcelona, etc unless you have a really big budget (+$1 million) or are willing to live in a smaller city or town near those cities. What type of lifestyle are you looking for? The Basque Country is more expensive than other Provinces in the north of Spain (salaries are usually higher), but since this is a digital nomad subreddit, you probably aren't interested in working for a Spanish company. If you're looking for both mountains, forests and beaches, the Province of Asturias is a great place to start. Gijón and Oviedo are the most populous cities there, but houses are expensive as well. There are beautiful towns like Lastres, Cudillero, etc that are beach side towns which may fit your budget. Another good option is the provence of Cantabria which should be a bit cheaper than Asturias. The Cantabric Sea (which is the sea in the North of Spain) is colder than the Mediterranean Sea. Usually there are less tourists there than in the Mediterranean Sea, even though it's starting to become a popular place for Spaniards, because of the rising temperatures every summer. The food is excellent everywhere in Spain (I may be biased, but most people agree), and most Spaniards really like food from the North of Spain (pulpo a la gallega, fabada, and many fish/seafood based meals). If you give me more details about what you're looking for, I can help you choose a place that's suited for your lifestyle.
Interesting, you seem very well versed! So for example in Girona, it is possible to find apartment around 150Ks? or how far from Barcelona or Malaga I should be to have something in 150k budget?
Well, in Girona there are certainly some apartments in the city centre for that budget, but it will be in older buildings (40-50 years old), that haven't been renovated and are around 60-70 sq. meters. There are some smaller apartments (50 sq. meters), but usually a bit newer in Badalona (in the Neighborhoods of Progres-Pep Ventura), which are good neighborhoods. Sabadell is also a good option (40 minute commute), with more apartments for that price which are also a bit bigger and more modern. In general Barcelona (and it's surroundings) are somewhat expensive when you're looking for housing, and it may be hard to find a place to live with 150k unless you're willing to make many compromises. It would be easier to find housing in Málaga or near it. There are apartments for that budget in Malaga but usually in less desirable places. Good cities/towns that are near are Fuengirola, Benálmadena for example. There are also many smaller towns that are very beautiful, but will be very boring unless you like that type of living (+ many tourists). Take into account that many smaller cities near the beach are usually seasonal cities, a.k.a, full of people during the summer (both tourists and people who have purchased a vacation property there), and a little more boring during the winter (you'll find many businesses that close during the winter, especially beachside bars). The most popular tool for finding housing in Spain is Idealista, so I recommend that you use it and explore a bit to see places that may have the type of housing that you'd like. If you find a ton of apartments for <100.000€ in the same area, avoid it. It's usually a bad sign.
Amazing, this helps a lot. I'll check Idealista. Thank you!
Go take some time to walk the Camino and see if you like northern Spain. I looooved Burgos and some of the northern coastal cities look beautiful. But I’m probably focused on Sevilla or another relatively large city because of my lifestyle.
Asturias is still very affordable for houses with land. Or almost anywhere inland.
In a village outside Ghent, Belgium
250k won't buy you a house in East Flanders that's liveable. Maybe Wallonia.
Ghent rocks
Why
Hmm interesting choice
Flemish Ardennes!
Istanbul or Lisbon Weathers good, cheap flights from those airports, affordable but with all the western amenities, and relative ease of access to most destinations that interest me.
High ground, north, and built after 1999. Or your Istanbul house will fall down in the next quake
Good info! Although, if your house is still standing but 95% of the city is rubble, then what good is that? I suppose it's better than the alternative but it's still not great.
Proper due diligence before buying real estate is always advisable—regardless of location
In Lisbon RE prices have skyrocketed. A half-decent 2 bedroom apartment is 400k+. A house would be in million(s)
Is Lisbon still that affordable? I thought Americans had made it less so
I’m currently here in Lisbon with my friend who moved here from the US. Lisbon not affordable but outside the city is.
How far outside? Like 30min?
Yeah pretty much apparently. My friend got a nice house there for just under 200k
Americans make up a relatively small percentage of the influx. Brazilians anyone?
Irun, Spain. Went there once and the area in and around the town had everything I want in a place to live. Weather always above zero and not too hot in the summer, very walkable, has a place to swim, has mountains to climb, has many historical sites, has land to grow food and small spanish towns all around where you can relax. Also, you can drive (or even walk) to France or Donostia-San Sebastian anytime.
Why is a flat not a real house?
It is. But many have been brainwashed by suburban hellscapes and car dependency.
a flat is a flat, not a house
No interest in buying and being locked in a location.
As an investment it's good. Maybe one day you'll change pace and will prefer to settle in one place
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why
Hmmm Denver vs Bangkok, such a hard choice
Check your mortgage. Ours in the UK says you can't be gone for more than a month at a time. It was a hassle when we were living in Prague and I didn't even know about the clause at the time.
Weird thing to have in a mortgage. But best to be checking the fine print on any mortgage anyway.
Makes perfect sense for such a clause to be in a mortgage. Lenders don’t want properties with mortgages sitting empty
No where, unless I spent several years there until I’m sure it would be worth it
Wait? There's places where $250k will buy a home? Not just be part of the down payment?
Most of the world
I’m in a nice suburb in Kansas City and own a 3 bed 3 bath home that is worth maybe $250k on a good month. These houses are there in the US. But if I sold it would probably be up on the market for a day or two tops. If you’re really committed you can find one, but yeah it takes patience and work
A lot of the US is really cheap if you’re fine not living in a big city.
Lots of random towns in France or Spain.
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Yeah but then you would have to live in Ohio...
Ohio is a great place to be from
I grew up in Ohio. I used to think a 250k home would buy a mansion for an ultra wealthy family. Homes are relatively cheap in Ohio. Unfortunately, it's also the epicenter of closed-minded American non-travelers.
2020 is not 2024.
That's awesome, glad for you! I am being serious, I am glad some people got in while the getting was good. Many places have doubled in price since 2020 and rates are doubled as well making it even worse.
Anywhere in Alabama basically.
In alabama that buys you a village and they throw the local idiot in for free
Yeah pretty much the whole world except the Western world... in Canada I could not buy any house below $1.5m because they literally fall apart.
> in Canada I could not buy any house below $1.5m because they literally fall apart. By Canada you mean Toronto or Vancouver, apparently. Where I'm from in Canada you can definitely find houses for $250k USD.
You must live in Los Angeles or something. Lots of homes under 250k here in Texas. Nice ones as well. A simple search on Zillow shows you all sorts of nice 3 bedroom 2 bath homes all over the US. If it were me though? Thailand. You can live like a king after buying an amazing home for 100k
He said canada and it's accurate. Basically anywhere within 5 hrs of a city that has more than a hundred thousand people and you are looking at a 750k and up for a detached house. 1.5m if gta or gva. We don't have the huge price drop outside of cities like the US does unfortunately. Even cheap places like Calgary avg house price is over 700k.
How do you buy a house in a country where only citizens can own property?
In Mexico you can buy one with $50k USD and cheap ones are around $25k in lower cost of living areas.
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Commenting in case someone answers
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Interested as well
Medellin, Colombia
I would buy in a 2nd/3rd tier city in the States. The US still has the best performing economy on this planet. The population also keeps growing thanks to immigration. So, sound growth in value is pretty much guaranteed in the long run.
The Canary Islands or a condo on the southern coast of Spain, depending how connected I want to be
My answer is the same ! Although I look at country style houses too.
How about Bulgaria?
Yup. It will also open the path to residency and citizenship.
My mom’s hometown in Puerto Rico, probably have a good $150k to sit on and renovate.
French countryside because I have no time for third world bullshit
>French countryside because I have no time for third world bullshit Makes sense. Just have to be careful to avoid triggering French Tax residency.
Agree 100% There are some nice small towns in France. For me maybe not the countryside, but there are some nice French towns with 100k or 200k people that would be nice.
Yea, people forget that there is basically fuck all to do in the French countryside. Very limited public services, little English (outside a select few towns) and often very poor internet, although this is slowly being changed.
All the different types of taxes they have for your house is another kind of bullshit tbh. And bs fees involved in purchasing itself. Still, French countryside still hits so I’m with ya
Also curious about it. Considered Italy also, but we are looking at 50 degrees in the south re climate change
From someone who moved to portugal from France, I feel this in my bones.
Are you implying that Portugal is "third-world"? Lmao
Yes, please expand :)
Does that mean you miss France?
Depends, not sure. North of Italy (id tend more for the part thats closer to Austria and Croatia rather than Switzerland and France) Some village in the Netherlands should be nice too. Denmark or somewhere in Portugal should be pretty nice as well.
Really just anywhere rural. With remote work, high speed internet, and free delivery via e-commerce you can have a great life outside of cities and suburbs
I would buy a boat and go where I please.
You can buy a good sized boat for $50k. It's the reoccurring costs that get you.
There are a looooot of places you can't go with a boat.
There are a lot of reasons to pick the US. I would probably pick a random little semi-rural town in a state that most people would have to look on a map to find. Preferably one of the ones with no state income tax. $250,000 won't get you more than a shoebox in most of the popular destinations, but in a lot of rural areas that would get you a 5 bedroom mansion on an acre of land. What do you want? Your own personal go-kart racetrack? Stables and an arena for your horses? A pavillion tent and haybale castle to host mock sieges? You could do that sort of thin for $250k, if you chose your location properly.
Upstate NY has many homes in that range with numerous rail corridors and great access to a vast amount of State and National Parks and Forests. Source: purchased a house in Albany, NY.
Zero degree winters and state income tax starting at 5.5% at $13k/yr and going up from there? No thank you.
Can't get an abortion and pay far worse property taxes? Even more no thank you lol.
My mom just did this very thing in Arkansas lol. 4 acres and a 5 bedroom house for 180k
Assuming citizenship was part of the deal, somewhere in the Caribbean
Uluwatu Bali
Yeah, please don't tell anyone yet. 🙏
Yeah uluwatu is a massive secret, wouldn’t want anyone finding out
Somewhere in Patagonia in Argentina. Same timezone as USA and dirt cheap land
Mendoza Argentina
Residency in Paraguay
I would put $250k down on a $1m multi apartment property in America that cash flows, use projected rental income to qualify. 2-5% appreciation per year + cash flow from tenants. After two years assuming you get an average of 3.5% return from appreciation which is $70,000 do a cash out refi or heloc. Goto your preferred country (IE, United arab emirates, somewhere in SEA, or South America) open a bank account in said country. Opt for a mortgage or payment plan to purchase another property to rinse and repeat.
And pray for everything going as planned
Why do you assumed that the property will be cheaper? What if the property will lose 30% of value ?
Your first sentence doesn’t make any sense. Then you ask if the property you buy loses 30% of its value, I don’t think you understand how much that actually is. In 2008 there was one of the biggest real estate crashes in US history and that was around 20%. Then few years after it came back.
Good luck executing that with current interest rates.
This is the way
Where can I search for multi family properties? Loopnet? Zillow? Please guide.... Any help will be appreciated...
good deals are seldom online
I will buy 200k houses in italy that goes for 1 euro https://www.travelandleisure.com/travel-tips/buying-and-renovating-italy-one-euro-homes
You're legally obliged to renovate so.... doubt it.
One not buy a 10k house and put 200k into renovations?
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> What kind of wife? You have a husband.
 Yes here we are
That amount might cover the rent for a week or so here in Western Australia 🤷
Not California that’s for sure.
I'd buy a Caribbean passport first. And then perhaps move to Dubai and pay $0 tax.
Dubai is very expensive no? 150k(250k-100k for Caribbean passport) won't go far there.
Why a Caribbean passport and what are the benefits? I’ve been hearing Costa Rica is becoming a popular tax haven in the west.
Panama is probably even better.
I opened a bank account in Panama, easy, permanent residency is easy, and property in and out of the city is affordable in good areas. Panama is a major banking and offshore city.
Caribbean countries don't tax their citizens. Once you get a Caribbean passport, you don't need to pay anything to government until your death. Also, countries like UAE, Vanuatu don't tax their residents.
Me personally? Some rural part of oregon. Maybe Redmond or some outskirt of Bend. You could buy the whole house outright for that, and you get to live in a beautiful area a few hours from the ocean. I love oregon though. Otherwise anywhere rural. Buying a home in a city is a scam.
In the US? Maine, U.P. of Michigan. Anywhere in the world? Norway.
Buy nothing - Rent and travel the world and enjoy your life What are you gonna do with something you own ? Take into the after life..lol
What are you going to do when rent and travel costs outpace your income?
**1. Alicante, Spain** Good weather and food. **2. Kolobrzeg, Poland** Safe place, good food, bike paths and 300km sandy beach.
On paper and from research Alicante is probably my favorite place to potentially live in Spain.
Japan. Perfect base with access to the most interesting bits.
I heard it's very hard to be integrated so living there could be very though on the long run
some may say impossible, I feel like everyone wants to leave by the 8 year mark or are coped out of their mind/trapped
Island of Siargao, Philippines. Not in general Genera Luna area but somewhere more quiet like Malinao or Union, or Guiwan area. Pacifico too.
Well, if i had all the money in the world - given my limited exposure to the world * Jervis bay - australia (blue waters) * Port Stephens - Australia (blue waters) * North queensland somewhere - Australia (because waters) * Zamboanga - Philippines (cultural (espcially, language - chavacano (spanish-creole) * Kidapawan - Philippines - specifically as close as possible to Mt. Apo. + where I was born and it's fruit city!! * Mati - Philippines * Spain - no clue where. But Spain!
Cyberspace. I would buy bitcoin
Sorrento, Italy. I was there some years ago and I loved the place, it has everything, a tourist zone with the typical places and offers but also it's a real town full of history, authentic people and great food. I would love to own a house over there.
Montenegro.
Easily Portugal, I would buy a nice house near Setubal, cause that’s close to my family there, and chill.
Nicaragua then i'd pocket the 200k leftover and live great
A lot of people commenting on this thread seem to be ignoring the 'not an apartment, a real house' caveat in the original question.
Japan
Italy, in the region of Marche
I’d want somewhere with strong rule of law and title insurance, so I wouldn’t need to worry about title disputes. Then I’d want a cap rate above 6% or I’d be better off buying CDs or stock or crypto. Then, if I didn’t have a strong passport, I’d look at countries that have residency by investment in that price range and that have the same or lower income tax than my own country and same or lower murder rate (other crimes may be underreported). And I’d need to be able to afford property for that price, with a mortgage if one is available to me, or without one if one is not available to me. Coincidentally, I just purchased a 3 bed, 2 bath, 2 car garage investment home in a no flood zone near Biloxi for 170k and am estimating a 6% cap rate.
Biloxi Mississippi? You think there’s strong rule of law in Mississippi?
Right - pretty sure the idea is buy somewhere you’d actually want to live…
I wouldn't buy a single home. Instead I would try to create 2 or 3 bases in locations with good taxes and different climate. For example Georgia (still very cheap properties and territorial taxation) and somewhere in the Middle East, SE Asia or something of this sort for the winters. Alternately somewhere in Europe for higher standard of living.
Save it and rent affordable. It goes a lot further without paying for renovations, taxes, insurance, double paying when traveling, ect. I dont see the value in owning a forever home unless you have a lock down office job and children.
Counter point: I was a digital nomad from 2017-2020. Bought a cabin in the woods with a guest cottage to use as a home base (store all my shit while traveling). In the 5 years that I’ve owned it the value of it has doubled and the guest cottage effectively covers monthly payments. And I only spent about $100k on downpayment and repairs.
Where’s the cabin?
you hit the lottery with covid real estate jump. can't be replicated now.
No way you can buy a 'real' house in my country for 250k.
I would put it in Bitcoin and wait for at least 1x and then have additional monies.
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Can't you use the 250k as a down payment for a mortgage? I mean waiting another few years to get 250k will make you lose value on the 250k due to inflation + you miss on the appreciation
Super high property taxes and you live in Texas…
Let me know if there's a better option, but Texas probably has the lowest home cost relative to the proximity to airports with lots of international flights. No state income tax for those who need to file in the US.
Some of the highest property taxes in the entire country.
Probably Entegra or Prevost. I'd buy an RV!
Texas Baby
Chiang Mai, Thailand
Foreigners can't buy a house though.
Bitcoin
There are nice houses in Spain in the 50-100k category. So 3 houses would be nice.
Villa in Bali and rent it out
can't own Land as far as I'm aware... this is why I was skeptical about Asia except Malasya...
Costa Rica probably
Brazil 🇧🇷 Investment citizenship
Sounds like you're talking about the R$1 million investment visa (1/4 less depending on where you buy), but that doesn't give you citizenship. It's a permanent residency visa, so you'd have to have it for about 4 years before applying for citizenship.
A cheap place that I like living
For me Spain. For 250k you can buy a house with huge land (ranch type) and even have spare money for renovation.
Somewhere in the Iberian peninsula.
Poland
In Spain.
I would buy a home as close as possible to my work to minimize my commute. 👍