Five Benefits of Owning Multiple Homes Worldwide

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Күн бұрын

nomadcapitalist.com/internati...
Should you buy a second or third home? In this video, Andrew discusses the benefits of owning multiple homes overseas.
0:00 Start
0:55 Get Paid to Be in Control
4:44 Property Appreciation
6:34 International Diversification
8:27 Second Passports
10:17 Have a Plan B
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.

Пікірлер: 146

@sheilareza2188 3 жыл бұрын

After living and working in the US for 40 years I finally made the difficult dicision to come back to Iran.. got my parental home out of confiscation of these Mulla claws and bought my villa off the Caspian sea .. Not saying things were/are perfect .. but, gee weez, feels great to feel like a master for a changr rather than a slave. I agree with and benefit much from your vids. THANK YOU.

@beyondgalaxies3960 3 жыл бұрын

Sheila, Saint Kitts & Nevis is the best one with just 57 thousand population. Its peaceful and friendly country with excellent beaches. This could be future Hong Kong if they grow up themselves in some areas.

@GleeSmee 3 жыл бұрын

No place like home!

@beyondgalaxies3960 3 жыл бұрын

@@GleeSmee These are old beliefs. Now world is changed into a global village. Things are getting close and views are getting broad. Everyone who will be stuck to old beliefs will stay far behind the modern world.

@jameschadwick2906 3 жыл бұрын

There’s definitely better fesen joon and noon sangak over there than here in the US lol good 🍀luck

@sheilareza2188 3 жыл бұрын

@@jameschadwick2906 Well, well ... someOne knows their Persian dishes very well ...

@denshaotoko2437 3 жыл бұрын

Many Americans I know refuse to leave. They're convinced that there's nothing to see outside of the borders. I think they are closed minded.

@johnnyutah6056 3 жыл бұрын

They sure are closed minded!

@sheilareza2188 3 жыл бұрын

Thoroughly brainwashed sadly ..

@user-nz8fg1ik2h 9 ай бұрын

America is good enough but there's a lot of things outside of usa as well.

@RandyWHorton 3 жыл бұрын

Start a Nomad Capitalist Property Swap so we can share our properties on a swap vacation basis with like minded people.

@andyland2838 3 жыл бұрын

Don't forget the jet and the boat 😉

@Jzarecta 3 жыл бұрын

That just dismiss the issue of controlling the environment he was talking about.

@jameschadwick2906 3 жыл бұрын

Lol anyone wanna trade, I’ve got 1 square meter in Scotland, I’ll happily take your Maldives bungalow

@IndependenceCityMotoring 3 жыл бұрын

The carrying costs (property taxes, insurance, repairs/maintenance, management fees) of having additional homes seems not worth it compared to passive investments + renting, unless you personally use the homes more than a few weeks each year.

@nomadcapitalist 3 жыл бұрын

Good idea for a future video.

@bradnomad1011 3 жыл бұрын

You'd be surprised how many countries have little or none of those charges you mention.

@Li-yt7zh 3 жыл бұрын

not to mention massive and disparately located risk exposures. the 12k monthly savings from penthouse/sub-penthouse rentals in the major capitols mentioned on this channel coming from ownership would mean many many millions per unit in an 8-9 figure portfolio plus any anticipated maintenance. Sure the properties could be rented out but then you wouldn’t be staying in them unless they’re managed as short-term rentals. The management cost would be rather high no? I’m missing something here because most of his other videos make sense to me.

@antonionotbanderas9775 3 жыл бұрын

"Your house is a liability" - I believe Robert Kiyosaki would include these five benefits in Rich Dad Scam #6 www.richdad.com/is-house-an-asset

@tompotlatch 3 жыл бұрын

Good video, Andrew. There is one issue in owning several properties in different countries you haven't dealt with so far. That is the issue of "succession planning", or what happens to the properties if something unfortunate happens to you. Will your estate have to probate all these properties in local courts to pass title to the heirs? Or, can you put title to all these homes in a shell company in one jurisdiction? Plelase consider doing a video on nomad capitalist estate planning. Thanks.

@OzyRooster 3 жыл бұрын

excellent point !

@sheilareza2188 3 жыл бұрын

Absolutely agree with you on getting the energy from your own comfort zone so you can present your best to the world ..

@ocvegasproperty 3 жыл бұрын

I’m a minimalist at heart. I owned up to a dozen homes that I lived in or leased out in the US. As I get wealthier I have cut back and am down to 4. Owning things is a huge hassle and transaction costs are huge. Bottom line it that I couldn’t disagree more with owning homes all over to stay in them for only a couple months.

@tydal6516 3 жыл бұрын

I think it would be a huge pain in the ass to open multiple properties in different countries, with their different tax es, laws, etc. Especially if you're renting them out. I could see owning one extra home that you spend a good amount of time in, but I'd much rather just get an Airbnb for 1 1/2 months a year. It would probably be cheaper too, accounting for taxes, insurance and maintenance costs.

@ocvegasproperty 3 жыл бұрын

@@tydal6516 exactly.

@tydal6516 3 жыл бұрын

@@afrivox To be fair, you could make some money by buying in a developing country at the right time, but why do that with an empty house when there are way better investments to be made.

@tydal6516 3 жыл бұрын

@@afrivox It doesn't sound very convenient either. Imagine owning 5 houses in 5 countries and realizing you forgot to pay the property taxes on one of them. Pain in the ass. The only way it would make sense is if you spent a substantial amount of time there, or had an assistant take care of all the taxes/utilities etc. Otherwise it would be way less hassle using a hotel/ Airbnb.

@marchanselthomas7393 2 жыл бұрын

Exactly !

@josephmcdonald9933 3 жыл бұрын

Thank you I always wondered about this. Now I will make it happen.

@limitedtime5471 3 жыл бұрын

Always loved traveling but i didn't think about how much sanity you can save owning homes in frequently visited places! It makes so much sense

@petrusdijkzeul6698 3 жыл бұрын

A good precaution is that if one has property in another country, that also registers in a will with a local attorney or notary, that in case something happens and there is evidence for the love ones who are left behind, you can avoid a lot of trouble.

@zipporahthecushite7729 3 жыл бұрын

9:10 The Thailand "residence permit" is actually the Thailand Elite Visa which is a long-term tourist visa that can be purchased by anyone, not just property owners. Many new construction projects hand out Thailand Elite Visas with the purchase of a new condo unit. A 5-year TEV costs 500k and a 20-year TEV costs 1 million baht.

@nomadcapitalist 3 жыл бұрын

While the Thai Elite Visa is one option, you are mistaken; there is an indefinite Investors Visa that allows property as an investment class.

@amir5593 3 жыл бұрын

Thank you Andrew for mentioning this important topic. 💚

@legendGaming-nt9ik 3 жыл бұрын

Thanks i knew about Michael Ross! He was my professor in Oxford and told us about Vectra!

@ilikeshroomgals 3 жыл бұрын

Great content!

@mikebonadio 3 жыл бұрын

Andrew, you always manage to put out a video of the exact thing I'm thinking about at the time I'm thinking about it. In this case: Owning a property prioritized over just passport/bank account. Thank you.

@nomadcapitalist 3 жыл бұрын

Thank you Mike😊

@epicurean1868 3 жыл бұрын

Still prefer a comfortable stock and bond portfolio. 🤔 Real estate ties up too much money. This money has a better return on investment in stocks and its more flexible.

@zipporahthecushite7729 3 жыл бұрын

Real estate eats.

@bibibachmd9995 3 жыл бұрын

I have bought and sold many US properties. I am currently trying to get out of all my rental units. It is just a hassle with repairs, tenants, and not easy to sell. Plus in places like Chicago, NYC, etc. the property taxes are outrageous. In Chicago there is no cap and they can double. Glad I am totally out of that market. Plus units have not appreciated and may have gone down.

@bebop54 3 жыл бұрын

restoring a small bungalow in greece ... & would def' do central italy if i hit the big one ... thanks Andrew ...

@user-sg2vf3nn6j 3 жыл бұрын

That makes sense. Very good idea :)

@ericeverson5956 3 жыл бұрын

I can't stand staying in hotels too. This was a great way to side step these issues. Much thanks. Peace.

@rons5319 3 жыл бұрын

Houses = property taxes, mortgages, property insurance, high maintenance costs (something is always breaking down too) , mowing and landscaping costs, cleaning work and costs, electricity, water, and other utility hookups and their minimum bills to pay, and many times there are bad neighbors and the conflicts and stress of that. As soon as you own property or even try to buy property, everyone comes out of the woodwork with their hand out for some of your money! And if you are not careful there is always some business nearby that spews some offensive smell or noise. And if there isn't any of that at the moment, it can move in around you at any time. It's coming! If all of this sounds like headaches--wait until you try to rent it and get a big load of that headache. I've seen it all and MORE!

@johnnyutah6056 3 жыл бұрын

Ideally you should be wealthy enough not to need a mortgage!

@sheilareza2188 3 жыл бұрын

Much rather own than rent ... a world of diffrence.

@fwefhwe4232 3 жыл бұрын

as an Indian in the upper middle class, I find his videos to the point. these costs arent that much when you buy in a non metro city, outside city center. within Rs 4000 (60 usd) a month, most apartment complexes maintain security, pools, club, gardening, etc. its a small amount for Indians, its should be a small amount for millionares in usa.

@ocvegasproperty 3 жыл бұрын

I agree. Owning to live in it a few months a year is insane. Way too much hassle and overhead. I want to grab my bags, leave the keys and come back if I want to some other time or try a new place.

@PhuketMyMac 3 жыл бұрын

Great content! Subscribed.

@nomadcapitalist 3 жыл бұрын

Welcome aboard!

@ue7483 3 жыл бұрын

Comparing your 195000 dollar home in Bogota to a 400 dollar/night penthouse is wrong and like comparing apples with pears. The 400 dollar place will cost way more than 195000 dollar, probably even a million...

@basspig 3 жыл бұрын

For the past 55 years I've been struggling to keep the one home that I built myself. Taxes have been going up with no end in sight.

@Xenthoid 3 жыл бұрын

might have to sell and relocate.

@basspig 3 жыл бұрын

@Jenny Lake I'm working on a move to Japan, actually since 2015. I have a friend out there with three times the house, twice the land area and pays 1/20th the taxes in Ishikawa Japan. Plus the food is healthy and the people haven't lost their collective minds.

@CoachatCole 3 жыл бұрын

Interesting video and as a guy that has traveled extensively throughout Latin America it is an idea that has crossed my mind a lot. Lima Peru is breathtaking beside the sea and Mexico City is an urban paradise. If you are entertaining in these cities and looking to network then I could see the advantage and only then would I do a large condo with a view. However, a home/house is just too much upkeep and a target for thieves.

@johnnyutah6056 3 жыл бұрын

Im very keen to own a second property in Croatia, Montenegro, Albania or Portugal. Also Mexico but this seems a lot more complicated & I've heard stories about property rights not being respected there.

@ahermitt302 3 жыл бұрын

I've recently bought a second home, 45 minutes from my principal home, (to start downsizing for retirement and honestly, for the view), and am overwhelmed with upkeep. This is the only video that even gets close to addressing that.

@maverickcapitalist1 3 жыл бұрын

Great video here and is superb owning second and third homes!

@lorettanichenko6143 3 жыл бұрын

Can you address the pros and cons of investing in a house or apartment in Chile South America. Thank you.

@yorkpa3767 3 жыл бұрын

Im looking at condo's in Thailand, am curious also with columbia and ecuador

@BelaLuka 3 жыл бұрын

Nice videos, can u make a video on which country is a good place to move to, that is not sold to the world bank (meaning has way too much debt) or doesnt make lockdowns?

@edwinneill5172 3 жыл бұрын

Andrew, this pandemic has brought traveling to a halt & I haven't been able to get the benefit of my property abroad in almost a year now. It's been a frustrating ride & I'm not sure further property investments will serve me well ?

@Fht9 3 жыл бұрын

I never make it my choice to live by other’s life advice because It’s not my responsibility to live up to anyone’s expectations

@barnabyjara4751 3 жыл бұрын

How about owning a property and having a renter there. Not a regular renter but a valet-like renter. You charge him a little rent (half the market rate) with the condition that he does not touch your space and he functions as a valet for you when you are there. Cooks, cleans, does laundry for you etc.

@disorbo 3 жыл бұрын

@nomadcapitalist Do you rent your houses when you are not there?

@jameschadwick2906 3 жыл бұрын

Lol I need a first home before I can get a second. If I can get a second home, it might be fun to have instant access to tropical coral reefs and fish to maybe somewhere like the Maldives or the South Pacific or Australia

@enochthestud 3 жыл бұрын

What are the best countries to own homes then?

@mariogross 3 жыл бұрын

Well there are some issues in some countries like Spain for second home owners. If you live in another country and someone break in your house(okupas) it willy take you a couple of years to take them out just because they need a place to stay and you live in another house

@nomadcapitalist 3 жыл бұрын

We recommend against Spain for those exact reasons: kzfaq.info/get/bejne/a69hZ8Z3l7WwnY0.html kzfaq.info/get/bejne/osx6rJqoz722Zp8.html

@jamessquare 3 жыл бұрын

Andrew, then send him to France. Once a squatter family gets in, it will be a few years before you can get them out.

@ryankneer431 3 жыл бұрын

Hi Andrew, odd question for you. With developed countries drumming up support to tax expats living abroad, could one realistically live without any citizenship at all? Could one simply hold a collection of residence permits and live citizenship-free? I concede there are many low-hassle citizenships one could acquire instead, but out of curiosity, would navigating the world be possible with no citizenship?

@iTuber012 2 жыл бұрын

Do you buy under your own name or so you create a company in said country and buy it under that name?

@jordanwest1 3 жыл бұрын

Can you enter one country with one passport to leave that country with the second passport?. For tourist reasons.

@Jzarecta 3 жыл бұрын

One of the issues is how to buy a house abroad. Many countries won't allow foreigners to own land and they will ask you to partner with a local or something. Also there is land taxes. Also there is the issue of credit and or mortgage. Is there something like an international mortgages? Also there is the thing about house sitting which for security or maintenance reasons is an extra pain.

@johnnyutah6056 3 жыл бұрын

You clearly need to do a bit more due diligence. Plenty of countries DO allow you to purchase and you may get residence by investment in real estate. Also property taxes can be dirt cheap in many of these places. You may even be able to buy 3-5 properties for the cost of one property in nz or australia.

@melissahall26 Жыл бұрын

What's your opinion on buying property in Japan?

@thalapathyfan4105 3 жыл бұрын

Why do an analysis if there is VectraCoin?

@pablowasserman 3 жыл бұрын

What do you think about investing in real estate in Argentina? The economy is broken, but it has been better and it can potentially get better again.

@terrydavis6368 3 жыл бұрын

Where is this filmed andrew?

@Osie1978 3 жыл бұрын

Hello Andrew I'm curious how are your kids handling this lifestyle? Few months here few months there. We are preparing to a lifestyle of having multiple homes, this is technically our only concern at this point. My son is 6 years old, so jumping schools every 6 months? Not sure..

@patrickfrench1569 3 жыл бұрын

Queenstown, New Zealand. 😎😍

@johnnyutah6056 3 жыл бұрын

What about it? Nice enough place, waay overpriced, western high tax country.

@MrRaylay 3 жыл бұрын

I understand That the way you use your homes I totally different than what I am talking about here. But I have built, bought, renovated and flipped real estate for years. I retired well with multiple sources of income. But I never thought that buying quality real estate in Hawaii I had a good return with 4 rental properties. That have quickly been $0 $$’s real approaching 8 months with a bleak future. Oh well.

@recyclespinning9839 3 жыл бұрын

Covid has thrown a monkey wrench in traveling.. I would imagine now is a good time to buy homes in vacation spots if you judt buying for personal use prices must be waaaaay down.

@vanillacoke8981 3 жыл бұрын

I wonder how many people who have multiple homes are actually on KZfaq watching videos lol...

@PlanFree 3 жыл бұрын

One for sure.👋🙂

@greatsciencegreatlife 3 жыл бұрын

Excellent approach to life! How can I contact you?

@al-qalamchannel3836 3 жыл бұрын

Read about Marshall Ross and his VectraCoin

@GleeSmee 3 жыл бұрын

How much of a hassle is it to physically travel between Kuala Lumpur, Tblisi and Montenegro, especially lately?

@jedss6969 3 жыл бұрын

I think he stayed put in KL since covid. Harder to be a nomad these days... hope International travel will be back in the next few years

@GleeSmee 3 жыл бұрын

I've been back and forward between the US, UK and Ireland three times this year!

@nomadcapitalist 3 жыл бұрын

Easy enough from Malaysia to Belgrade, Montenegro, and to a lesser extent Tbilisi.

@rauljosegarcia 2 жыл бұрын

Owning a property in a far flung place that will be left alone for a large percentage of time seems like such a waste and potential hassle. Even the thought of another property in my same state gives me the same worry. At least in my situation my work keeps me locked in place and I can't reasonably expect to spend more than a month (at most!) away at a time. Even for a person that can spend 3 months at a time in a far off property it still seems like a waste.

@susank9323 3 жыл бұрын

I’m fascinated by these videos, but I’m not an ultra high net worth individual, yet. Do you have videos about how to get income up and how to ensure that income is independent of the country of residence? If you leave the US, but have money in tax exempt accounts like Roth 401k/IRA, can the money still come with you without losing the tax benefits?

@nomadcapitalist 3 жыл бұрын

Yes, it can. Definitely search our channel for 1,000+ videos on any topic you may be interested in.

@iaknow3877 3 жыл бұрын

Yes Yes! Read everything, and then say that you did not know about VectraCoin!

@jrjacobsil 3 жыл бұрын

I could never handle the hassle of owning a home. The hassle is not worth any appreciation that MIGHT occur.

@hemantparakh6462 3 жыл бұрын

I would like to be a Global Citizen residing on Hill's to fulfill my dream I seek 2cc Of Property on the Hill's world wide so kindly suggest a suitable plan for me

@saifurrahmanrafi8031 3 жыл бұрын

VectraCoin algorithm everywhere :D

@mjwmontgomery 3 жыл бұрын

2 sets of maintenance Cant travel to your second home during lockdown. Otherwise there are advantages.

@danielluster732 3 жыл бұрын

I've been living in the States (esp., in Ohio) for 39 years, but it's time for me to have a change of venue. :-( I'd like to move to a different country where it's nice, warm, and tax-free. :-( Take St. Lucia for example; it's nice, warm, and tax-free, but when I retire, I'll move to Malaysia. However, it would be nice to make Malaysia my second home, though. ^^;

@ocvegasproperty 3 жыл бұрын

How are those places tax free? Don’t you still have us taxes on retirement income?

@danielluster732 3 жыл бұрын

@@ocvegasproperty I have Social Security! ;-)

@Luigi-the-cat 3 жыл бұрын

t ki toé ?

@sheilareza2188 3 жыл бұрын

Hey Andrew, you're obviously meticulous .. how do you keep all those houses clean when absent ? Do you give access to anybody else?

@dhanrajsundaram7880 3 жыл бұрын

Nice try, but read about VectraCoin algorithm first

@farrahhby799 3 жыл бұрын

LOL Vectracoin everywhere :D

@Max47340 3 жыл бұрын

Henderson you are down playing the cost factors in owning real estate in multiple locations: Taxes Utilities Insurance Upkeep - snow removal, yard maintenance Repairs - leaky faucets, stripped paint Security against vandalism Declining real estate market You are better off putting your money in stocks!

@3rdworldtrillionaire46 3 жыл бұрын

Having exposure to various Fiat currencies of various bankrupt countries, does not sound like a winning strategy to me.

@sheilareza2188 3 жыл бұрын

No one's talking 'bout winning anything.. we're all in survival mode, presently .. Andrew's strategies are suggestions to keep your head above the water and give you options.

@store1582 3 жыл бұрын

Why are you watching this!? Read about the VectraCoin!

@dhevoncyvlogs8567 3 жыл бұрын

is there really still a person who does not know about the existence of VectraCoin?

@dwingo8003 3 жыл бұрын

way easier to rent when you are a foreigner

@iulianserban10 3 жыл бұрын

bitcoin will eat gold, real estate and bonds alive... the time for a true store of value has come. we will witness the biggest transfer of wealth of our lifetime.

@jamesalvarado3961 3 жыл бұрын

Very risky too. I wouldn't be surprised if cryptos skyrocket in value. But really there's no intrinsic value in it.

@Max47340 3 жыл бұрын

Crypto is empty hype. A humongous bubble waiting to burst. It has no intrinsic value. What good is a bunch of computer code? It is not backed by a single sovereign entity. Its value is only in the mind of suckers who own this garbage!

@iulianserban10 3 жыл бұрын

@@Max47340 you should read more and educate yourself.

@MrHarumakiSensei 3 жыл бұрын

@@Max47340 Sorry dude, but your comment sounds like it's from 2013.