New Book Shows How Regular Americans Can Preserve & Grow Wealth by Investing in Real Estate Overseas
By Mel Fabrikant Thursday, April 04, 2013, 02:53 PM EDT
Economic Uncertainty, Record Low Savings Make Upcoming Book Extremely Timely. In her soon to be released book, How to Buy Real Estate Overseas, leading authority on buying property overseas Kathleen Peddicord offers practical advice on how to find great deals, buy and manage property profitably in unfamiliar and potentially volatile foreign markets.
In the current uncertain investment climate, foreign real estate represents a more important opportunity than ever before, for both the investor who wants to move a portion of their wealth abroad and the retiree looking for affordable living options.
The book’s release comes at a time when a study from the Employee-Benefit Research Institute, released in March, showed that 57 percent of U.S. workers have less than $25,000 in total household savings and investments, excluding real estate, which represents an eight percent rise since 2008. Even more astonishing, 28 percent of Americans had no confidence they would have enough money to retire comfortably, the highest level in the study’s 23-year history. (See The Wall Street Journal story).
This coupled with longer life spans which put greater financial strain on corporate pensions and other retirement plans means that individuals need to do more with their savings to provide for their own retirement.
How to Buy Real Estate Overseas explains one of the best options available today for diversification, asset protection, and a safe haven for wealth. Foreign property is a hard asset that, unlike stocks, for example, can't go bankrupt and collapse to zero.
Kathleen Peddicord is considered by many as the world's foremost authority on overseas retirement and foreign property investment. She has moved children, staff, enterprises, household goods and pets from the East Coast of the United States first to Waterford, Ireland, then, seven years later, to Paris, France, and, most recently, to Panama. She knows from personal experience how foreign real estate can appreciate significantly over time, throw off an annual cash flow and provide personal enjoyment for you and your family.
“Overseas investing literally provides a world of opportunities,” said Peddicord, founder and publisher at Live and Invest Overseas. “There is also a set of inherent challenges and in the book I use my experience to share rare and much-needed advice for individual investors considering the opportunity, adventure and pleasures of owning real estate in foreign markets.
“The overseas lifestyle isn’t just for the rich; anyone can do this,” continued Peddicord. “Retirees can live on a beach in paradise for less than they can in the United States, no joke!”
Some of the questions Kathleen answers in her new book include:
• What are the strategies involved for choosing the right property in the right country, including buying opportunities in “crisis markets,” income generation and growth potential?
• Are there markets an investor should not buy in?
• What are the top twenty counties to consider for quenching your wanderlust?
• What are the unexpected realities of buying overseas?
• How does an investor figure out a budget?
• How does an investor build an in-country network of reliable contacts?
• How does an investor manage the asset?
• What does every overseas property buyer need to know about moving money around the world?
How to Buy Real Estate Overseas will be available for purchase at all bookstores and online booksellers beginning April 14, 2013. The suggested retail price for the 256 page, hardcover edition is $24.95. She is also the author of How to Retire Overseas.
About the Author: Kathleen Peddicord
Founder and Publisher, Live and Invest Overseas
Kathleen Peddicord has been covering the live, retire and invest overseas beat for nearly 30 years. About 15 years ago, she finally took her own advice and relocated from the East Coast of the United States, with her family and her business, to the southeast coast of Ireland. Kathleen lived and ran her publishing business in Waterford for seven years before moving again, this time to Paris.
In 2008, Kathleen decided to take a break, during which she did two things. First, Kathleen began work to launch a new publishing group, Live and Invest Overseas, and a new free e-letter service, the Overseas Opportunity Letter.
In addition, during her recent sabbatical, Kathleen and her husband Lief Simon made another important geographic decision. Specifically, they decided to make a third international move with their family and Kathleen’s new business. In the summer of 2008, Kathleen and Lief moved from Paris to Panama City, where they’re currently living, operating the Live and Invest Overseas business, and raising their family.
Kathleen is perhaps the most qualified to cover the “Live and Invest Overseas” beat in the world, having been researching, writing, speaking and presenting on these topics for nearly three decades. Kathleen has traveled to more than 50 countries, invested in real estate in 21, established businesses in 7, and renovated properties in 6. She has written innumerable books, reports, and essays on why and how you might want to do the same, and she has appeared often at conferences (including the AARP National Convention) and on television and radio detailing the opportunities for living, retiring, and investing around the world.
In addition to writing books and her speaking engagements, Kathleen writes daily to readers of her Overseas Opportunity Letter. www.KathleenPeddicord.com.