How To Choose A Rental Investment Property In Panama City, Panama

Two Winners, Two Losers—Sizing Up My Favorite Rental Investment Market

April 21, 2014
Panama City, Panama

Dear Offshore Living Letter Reader,

After last week’s Global Property Summit, I took a small group of VIP attendees on a property scouting trip in Panama City. We went, as a group, to look at four apartments currently available for sale in this city with the objective of evaluating the potential of each one as an investment property. It was a live training exercise.

Here’s what we saw:

The first viewing was a one-bedroom, two-bath apartment with a den on Avenida Balboa. The den could be converted into a small bedroom to make the unit a two-bedroom. Why did the developer not package the property this way in the first place? Probably due to concerns over zoning density. Other apartments along Avenida Balboa have been built similarly as large one-bedrooms with convertible dens.

The asking price is US$319,000, which is expensive, as a whole number, for a one-bedroom apartment. The unit is 150 square meters, though, meaning the per-square-meter price is US$2,126. This is in the range of what newer buildings on Balboa are going for right now. Rental income is estimated at US$1,900 a month, making the net yield after HOA fees 6% per year, which is reasonable. Continue reading “How To Choose A Rental Investment Property In Panama City, Panama” »

Brazil’s Minha Casa, Minha Vida Program Returns 15% In One Year

Earn A Turn-key 15% In One Year From Brazil’s Housing Crisis

April 17, 2014
Panama City, Panama

This morning, Lief is escorting 25 VIP attendees from his Global Property Summit on a private property-viewing tour in Panama City. Kathleen Peddicord fills in for him today, reporting live from the scene of this week’s conference…

Dear Offshore Living Letter Reader,

Our team of global property experts in Panama City for this week’s Global Property Summit is looking at 13 different countries, the markets they have identified as offering the greatest opportunity for the would-be real estate investor right now.

In these countries, our team is highlighting 21 specific current investment opportunities. One of these, in Brazil, got my attention as I sat in the audience yesterday listening attentively.

A developer in Brazil has tapped into a program offered by the Brazilian government that helps to put low- and middle-income Brazilians into decent homes. Continue reading “Brazil’s Minha Casa, Minha Vida Program Returns 15% In One Year” »