Ronan McMahon—Millennials! The World Is Your Beach - EP05

The pandemic accelerated the trend toward remote work, triggering a surge of US millennials in Latin American beach destinations. So, how might real estate investors capitalize on our ability to work from anywhere? And what other opportunities are available to international investors in the wake of the COVID crisis? Ronan McMahon is the Founder and Editor of Real Estate Trend Alert or RETA, the premiere membership program for making money through international real estate. Ronan has 20 years of experience finding and reporting on real estate opportunities the world over, and he has been featured in Forbes, Reuters and International Living. On this episode of The Wiggin Sessions, Ronan joins me to discuss the health of the real estate market in light of the pandemic, describing the wave of remote workers moving to Latin American markets and the development opportunities in places like Cabo, Tulum and Panama City. Ronan shares the fire sale opportunities he took advantage of after the last global economic crisis and offers advice on where in Europe to focus your short-term rental investments. Listen in for Ronan’s insight on the tax advantages of investing in certain international markets and learn how to build your own expatriation strategy through real estate investment. Key Takeaways The international real estate opportunities Ronan shares with RETA members How Ronan bought real estate at 80% off in Spain and Ireland after the global financial crisis How Ireland’s real estate and corporate tax system influences foreign direct investment in the country Ronan’s insight around development opportunities in Panama, Cabo and Tulum in the wake of COVID and the surge of millennial remote workers in Latin America since the pandemic How Ronan is capitalizing on Panama’s tax credit for developers How Ronan’s team replicated the members-only tour experience with video during COVID Why Ronan recommends investing in high-STR-demand areas in Italy (e.g.: Rome, Venice) How currency appreciation in COVID doubled investors’ buying power How a lifestyle buyer might use a property for rental income, capital gains or as their residence The financing available to real estate investors in Latin America and Europe The benefits of Golden Visa programs like that of Portugal and Uruguay RETA’s resources for creating an expatriation strategy and tax planning on an international level Why buying property is tricky in Asia (and what countries DO allow ownership rights to foreign investors) How Ronan leverages the China effect to make decisions about where to invest Connect with Ronan McMahon Real Estate Trend Alert Connect with Addison Wiggin Consilience Financial Be sure to follow The Wiggin Sessions on your socials. You can find me on— Facebook @thewigginsessions Instagram @thewigginsessions Twitter @WigginSessions Resources Bonner and Partners Enterprise Ireland Portugal’s Golden Visa Program Uruguay’s Golden Visa Program RETA Virtual Event: My Formula for Freedom