Expats and rental portfolios go together like peanut butter and jelly. It’s no surprise that a fair amount of retired globetrotters owe their freedom to real estate investing. While many real estate investors are looking to retire themselves and their families in the US, today’s guest Paul has other plans.
Paul thoroughly enjoys his full-time job in Utah. He gets paid well, has access to some phenomenal benefits, and isn’t planning on quitting anytime soon. That being said, Paul has had the itch to live as an expatriate abroad, hopping from country to country, enjoying world travel. But, in order to do this, Paul has to create an income stream that can support him and his partner along their travels.
Of course, as a smart investor, Paul has already been building this extra income in the background. Since starting his rental property investing journey only a year and a half ago, Paul is already at five doors, with a sixth closing soon. He needs to be at ten doors to have enough rental income to cover his expenses in the US, but how much farther could that money go abroad?
In This Episode We Cover
Why rental properties are perfect for those planning on retiring abroad
Keeping your expenses low as your income grows so you can retire early
When to transition from traditional retirement accounts to real estate investing
Roth conversion ladders and turning pre-tax retirement accounts into post-tax savings
Out-of-state investing and leveraging your high income to invest in low-cost areas
Using a HELOC (home equity line of credit) to fund real estate purchases
And So Much More!
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