Andrew It shows that you are from a thrifty family who respect the value of money and use savings for independence not for showing off and appearance..
I wish I had planned for multiple homes when I was younger. I would have intentionally saved and invested differently. The idea of being able to customize your space and not schlep belongings from one home to another is attractive.
I do love this idea of not having to drag luggage back and forth to different countries. That is a whole different standard of living than most of the people that I know. Having to get on planes and go through security and they confiscate your items also overhead baggage or check ed luggage. I would love to take a flight with no luggage at all.
It would be much easier to just carry luggage. Instead he has to book a flight which might be 30 hours after when he wanted to leave, travel to the airport, get there 2 hours early, go through security, board a 6 hour flight, go through security, travel from the airport to his home (at God knows what time) go to his home just to get his clothes which he didn't carry, and then have to travel to the airport, wait 2 hours, board a flight to his next intended destination. If he carried a suitcase he could have just spent an extra night where he was, and then onto his next destination.
Hmmmm. And having different computers on each place. No need to move it across countries. No risk on having it through security controls. Just a tablet for the move, with only essential information.
Another aspect: The money you spend on a hotel will be gone forever, wheras the value of an apartment you bought may grow substantially over time, especially in emerging countries.
This is the way to do it, I do the same (NYC, Kailua Hawaii, Brisbane and Tokyo)! Mobility is real wealth. I often wonder why anyone would buy a mansion, not only are they are an insane amount of maintenance, you have to fill it with hundreds of thousand $$'s worth of junk as well. btw ... Istanbul rocks!
Tell that to all the money grubbing billionaires doing their best to horde limitless wealth in tax shelters while refusing to pay living wages to workers. I think they will totally agree! lololol Honestly, they WILL agree because of their total lack of self awareness.
Don't forget CA's new "mansion tax" when you sell, which facilitated Mark Whalberg selling his mega-mansion at a huge loss just to beat it before he relocated to Nevada.
One that's smart you diversify your Real Estate across the globe. Two when you tired of the country or the neighbors 😅 you can just getaway! It sounds fabulous good for you 👍 😊
The place where you are influences you. Maybe you’re not aware of it but subconsciously you’re affected. It’s good to take that to the conscious level and be able to control your environment.
The worst part of hotels is the intrusion into your space and the fact that they took the sheets in every morning and the fact that their cross-contaminated or using products that you don't want to be smelling. In addition most of these hotels are under some kind of 5 g
How do you manage these properties? Do you have a security so nobody will break into your house? Do you switch off water and electricity, close the door and just leave a house for a couple of months?
Im also curious to know. My guess is that he talked with a property management company in each country and they will take care of his properties while he's away.
Exactly my #1 question. It’s 6x the admin (and 6x the rental opportunity cost, if he doesn’t rent or Airbnb them while he’s away), that’s the downside. I have thought of doing this, but it’s practicalities like this that I haven’t yet figured out.
One thing Ive found handy is that in some places you can get put on a "dark list" where the local police will swing by and check on your house for free as part of normal rounds. Its one more layer of security for a property you arent in for a while.
Hi i have same Mindset. İ own Propertys in 4 different Countries and living always in each for 3 month per year. *Germany🇩🇪 *Turkey 🇹🇷 *Philippines 🇵🇭 *Japan🇯🇵
it comes down to the old saying, “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.” Go well.
Sorry about your mug Andrew. Stay strong 💪 similar things have happened to me. I never let anyone in until after I leave. Don’t want the cleaning ladies going through my belongings.
Elizabeth Warren billionaire tears mug example is perfect. So few people understand this concept of energy. I had to live in NYC for a few years and only considered rentals where I could renovate in a smart and cost-effective way that made me love my home. People think this is crazy. Thank you Andrew for expressing this!
We are almost at the point where we can retire and go live inexpensively overseas. Love your channel and message so much because you really know what you want, and embrace that wholeheartedly. I want to live where I can walk to an art museum or beautiful architecture with my sketchpad, and I think that will be my equivalent of the good wardrobe waiting for you in your closet in every location. I hope you can find a replacement for your billionaire tears mug. Cheers!
I totally get your approach. I grew up in Hawaii, went to law school in California, and my wife is from Japan. So it would be great to have a tiny place in each location and spend 4 months a year in each place. It's better to live like Mongol warrior and drag your yurt behind you where ever you go.
Paying bills and security are the few things I worry about with having a property abroad. I have a similar personality to where I would have smaller properties than a bigger one. I already have 5 acres in the USA that's my part of a bigger 23-acre parcel of land. Managing that is more than enough for me. Overseas, I don't want that much to live on.
This is nice, and I respect your reasons ( which are all rational, by the way) for having homes spread around the globe. But it must be stressful hopping countries and timezones like this. Folks with families of growing kids can't do this. How do you do it?
A few people have mention this and there is some grain of truth here. Having children and growing family does keep you grounded and maybe located in one country.
Not hard. Dont have kids yet. May later. But home in California turned into a rehabilitation house. Was parents cant sell it. But can pass it on to my children. And it generates money. Bought an appartment in a korea, jehu island. And another in Taipei Taiwan. Usually rent these out 1 year leases to companies who hire workers like 1 year English teachers. Did marry a vietnamese. Built a house in Vietnam on the beach in nha trang. All 3 asia houses under 100k though vn land wife owned is 300k. USA house 1 million. Get a house to generate income. Then can it later to live.
I couldn't agree more. I would love to have? Homes. Around the world. Also yeah it they do cost a fortune to have fancy house in north america or western europe.
I was about to comment that I had read an interview some years back with Chris Carter, creator of "The X Files" in which he discussed his preference for multiple smaller properties - "jewel boxes" he called them - rather than one big one. Then I googled to see if I could still find the interview. I couldn't, but I did find an item about how Carter just sold his Santa Ynez home - a 6,500 SF ranch on 130 acres. Seems more treasure chest than jewel box to me!
To my mind property tax means you do not really own the property yourself .Ireland were i live does not have a property tax but its coming in here .Thailand where i also lived does not have a property tax on private houses and Condos .
Sometimes it's so low though you don't mind and don't feel a loss of ownership. Like St. Kitts is 0.25% - 1/4 of a percent - plus a front end exemption.
Hello , I very agree on your point of view. I bought 3 apartments in Cape Verde first line at beach. Good maintained , just for 50k euros each. The good thing is that 2 % tax leads to total cost buying less than 3 per cent. No malaria, low criminality, language Portugese. Lovely and cheap food and drinks. You can pay with euros and the currency is very stable. Friendly people , nice music. Young population. international orientated, The country is easy to access. Temperatures whole year between 25 and 30 degrees with a sea breeze. After visiting Gran Canaria for 5 years with their hostility to tourists is this Cape Verde a perfect place and investment. You can easily become a resident .
NC is about having a second or third home. So the boss should have multiple homes in multiple countries. Practically one home in a second country is fine.
Thanks for the excellent content, always relevant, and usually accurate. This one makes sense to me, but I spend more nights away from my primary residence than “home”.
I totally Agree! Although my wealth is no where near many subscribers I enjoy the channel. I live in NYC and am Amazed that people live in Westchester or Nassau Counties. The taxes are 20k on average.
I agree with this. I have a sister that has one big home who is always strapped for cash and asks to borrow money from me. Its funny the people who want to show theyre doing well when in reality its all for show.
Andrew, let's say someone bought several properties in foreign countries and, god forbids, he dies or something. How his relatives are going to get a hold on those properties? Even when people are trying to sell their properties in foreign country sometimes they are shocked at how different it is from buying. For example, in Italy foreigner can transfer money, fly in to sign papers and get a real-estate, no problem. But when he tries to sell it, suddenly he is told that he needs to pay tax, and for that he needs to open a local bank account, and for that he needs to have some local status etc. It's hardly possible to do on several weeks visit. Or another example, when a foreigner bought a property in Montenegro, government office approved transaction no problem. But when he tried to sell it, suddenly he is told that property doesn't have all proper papers (some registration or whatever local regulations are). It was a pain to deal with local bureaucracy.
1st live in a territorial taxation or tax free country. 2nd Create an offshore company in a place with no death tax, for example Panama. Lets name it Personal Properties Inc. Company will be the owner of the real estate. You will be owner of the shares of the company. Therefore, only 1 inheritance process in Panama to take control of those shares. Company will need local corporate accounts in the different places to take care of bills, too. You are welcome my friend. If you need paid assistance just let me know :)
Six properties in different countries mean massive operating costs (property taxes, insurance, electricity, water, gas, garbage collection tax…) and a massive head ache to manage
Nope, you don't understand what he's doing. Water, gas, garbage don't cost anything if you aren't there, insurance and taxes are vastly lower. I could pay the costs of 6 pied I tierre for the cost of property taxes in my nondescript Midwest property.
No it isn't if you keep it moderate. That's the whole point. A mansion with a huge garden surely but not something moderate. The problem is that most people want to show off instead of going for real (financial) freedom.
Nice! After decades of world travel I got pretty sick of the bustle, cities, traffic, lines, people, and concrete .. but I still have itchy feet, crave wilderness, high activities, & adventure in general. My solution: a kick-ass RV & Properties north, south, and west (yeah, east of me sucks for the most part.) There, now you know everything 😂
@@fwefhwe4232 Rich French have multiple residences. Many go to Morocco. The CEO of Louis Vuitton gave up his French citizenship for Bege one when Macron wanted to raise taxes in 2020 or 2021. 😂😂😂 I am sure they are glad they did because the French are destroying Paris right now for over a month and they raided the Louis Vuitton offices last week or so. 😅😅😅
I've always had this question: what happens to your house the remainder time you're not living there? Do you just close it off and have staff to keep it in check? Doesn't it feel a bit... wasteful? idk if that's the word I'm looking for, but quite a shame. Anyways, I adore your videos, you inspire me to aim for a better life, one with more freedom and options! Hope the energy of the universe always flows with you
He might be in the high-end areas where he doesn't have to worry about poachers and such or in gated communities but I wish you would have answered that question because I agree.
A Boxabl home is hardly a shack. It is a well-designed, compact tiny home and I really think that Elon Musk should be respected for selling his mansions to live in the very homes, even if tiny, that he is selling to others. Some of the designs are very on-trend, very functional, and would be conducive to a lifestyle where one can focus on business. One's choice of decor can vary and he may not care for elegance and fine tea. However, he is not living in a shack.
Andrew, how will you and your clients address the oncoming limitations on travel and flights placed by carbon-print regulations most likely reinforced with government-controlled central-bank digital currencies?
The rich will not be subject to the same restrictions as the plebs. See Davos: they want to eliminate most air travel for the general population while they fly their private jets. Because science…
Most of the world isn't doing that, only a few deranged companies in the West. A huge portion of the world ( BRICS and SCO ) are moving away from the dollar and back to a gold backed currency.
What if you were to buy or build an apartment complex in these areas and keep one of the units for yourself? Then you could sorta have a "free place to live."
Elon Musk may want to show those less capable the obvious: It's fine living in a smaller place. It may be easier to clean and have other advantages. This example could help the brain dead and border line IQ government officials, media and loud mouthed actors see that there is another path. People really may not have to live in the streets.
me and Andrew have the same mindsets, I cannot work in a place that is chaotic, vibe is off, toxic, and people taking stuff. My issue with AIRBNB is the privacy as some people might install hidden camera in your airbnb place. I have started researching diff passports as our country PH have a lot of limitations and requiring visa to hop from one place to another. Also, following what my late grandpa did, to have an apartment or some rental properties, this is my aim since I work remotely as well. The mindset is there, I'm only missing millions of $$$ haha. It's hard to maintain and clean mansions, so this is not for me, townhouse or flats are okay as long as some people are willing to rent it. My main concern is the capital gains tax and rental property tax as well of other countries, esp EU.
I would be very interested in the costs associated with having a (most of the time unused) home in the different countries of the world. Buying an apartment is just one thing and it is relatively easy to get information on the costs. However, I couldn't find information on the cost of ownership (taxes, levies, management fees). It would also be good to find some information on how safe it is to keep an apartment unused for longer periods of time.
What about insurance costs? I notice in another of your videos you mention maintenance but not insurance. Also, thanks for these videos. I like each one I watch and I'm already subscribed.
😂 it's funny when someone is asking (why don't you own a mansion ?) Is it any of their business that you own or want to own or not ? That's so stupid people nowadays are getting extremely noisy 😤!!!
How do you keep your accommodation in a humid climate when you fly away? Everything inside the apartment begins to deteriorate if you do not use air conditioning due to humidity.
Great stuff Andy! How to optimize ? Leave the 🇺🇸….Not because it’s not great- there’s abundance and it’s better abroad on SOOOO many levels. Not just dating. Join the #NewRich Son! 💯
Sounds very exhausting Andrew having 6 places. I have 3 homes . I had 4 but I used 1 only 10 days a year and found it easier just to stay in a hotel. Hotels are clean, swimming pool, room service. It is hardly possible to even live in 3 places I am about to get rid of one more and just live in 2 nice places.
Andrew It shows that you are from a thrifty family who respect the value of money and use savings for independence not for showing off and appearance..
I wish I had planned for multiple homes when I was younger. I would have intentionally saved and invested differently. The idea of being able to customize your space and not schlep belongings from one home to another is attractive.
Is it too late?
How old are you? You DO know that age is just a number, right?
It’s never too late!
I do love this idea of not having to drag luggage back and forth to different countries. That is a whole different standard of living than most of the people that I know. Having to get on planes and go through security and they confiscate your items also overhead baggage or check ed luggage. I would love to take a flight with no luggage at all.
It would be much easier to just carry luggage. Instead he has to book a flight which might be 30 hours after when he wanted to leave, travel to the airport, get there 2 hours early, go through security, board a 6 hour flight, go through security, travel from the airport to his home (at God knows what time) go to his home just to get his clothes which he didn't carry, and then have to travel to the airport, wait 2 hours, board a flight to his next intended destination. If he carried a suitcase he could have just spent an extra night where he was, and then onto his next destination.
I don't imagine that's how he uses it...I would guess he spends some days relaxing there between meetings etc. rather than using it just as a closet.
Hmmmm. And having different computers on each place. No need to move it across countries. No risk on having it through security controls. Just a tablet for the move, with only essential information.
Another aspect: The money you spend on a hotel will be gone forever, wheras the value of an apartment you bought may grow substantially over time, especially in emerging countries.
@@GrikWorldNomad well which would be an issue couldn’t be a ton?
most of the time properties doesn't really goes up in value, it is just that it follows the inflation
@@rolandliananot true
@@microfarming8583A lot of factors like population growth in a certain area, crime..
@@rolandliana tell it to people from Vancouver, where property doubled in every 10-12 years for last 30 years...
Can we get a house tour of your house in Kuala Lumpur please?
Nomad Cribs
I'm also in support of thos request
why? haven't you seen enough furniture and bathroom in your lifetime? pathetic!
You really think this guy owns 6 houses all over the world do you ?
@@dor843088 In those countries the real estate is not as expensive, why not having 800k+ subscribers and a few working offices.
This is the way to do it, I do the same (NYC, Kailua Hawaii, Brisbane and Tokyo)! Mobility is real wealth. I often wonder why anyone would buy a mansion, not only are they are an insane amount of maintenance, you have to fill it with hundreds of thousand $$'s worth of junk as well.
btw ... Istanbul rocks!
Not only that, a person will often find themselves hanging out in the same room.
@@yankeedrifter81 exactly. Show piece properties are simply ego signaling
Andrew has an intelligent approach to maximizing his time and energy.
yes like i lost my mug in a hotel so i am gonna buy a house there
@@mithridatesii6925 😂
Frugality is key for a healthy and meaningful life. Luxury does not correlate with happiness and good health.
True.
Tell that to all the money grubbing billionaires doing their best to horde limitless wealth in tax shelters while refusing to pay living wages to workers. I think they will totally agree! lololol Honestly, they WILL agree because of their total lack of self awareness.
I like your style. You're a rich guy without the rich guy mentality. In other words, you're practical.
Don't forget CA's new "mansion tax" when you sell, which facilitated Mark Whalberg selling his mega-mansion at a huge loss just to beat it before he relocated to Nevada.
POOR MARK WHALBERG!!!!! Would someone please help him??? He sold his mega mansion at a loss!!!! NOOOOOOO!!!!! lol Greedy weirdos have bizarre takes...
@@earnthis1spot on! You’re hilarious! Way to go!
One that's smart you diversify your Real Estate across the globe.
Two when you tired of the country or the neighbors 😅 you can just getaway!
It sounds fabulous good for you 👍 😊
The place where you are influences you. Maybe you’re not aware of it but subconsciously you’re affected. It’s good to take that to the conscious level and be able to control your environment.
What?! No orangery? Peasant! 🤣🤣🤣
My ducks ate my oranges
And ducks?! Anyone who is anyone has SWANS, not filthy ducks!
@@Learned333 Exactly!
I know Andrew hangs out w the elite but come on… why anyone has to explain why they don’t have a Swan Lake is beyond my comprehension 😂 🦢🦆🦆🦆🦢🦢🦢🦢
I love orangeries!!! 😂
This is such an interesting perspective on investing and choosing a lifestyle that works for you. I enjoyed this video, thank you.
Thanks for watching! ☺
The worst part of hotels is the intrusion into your space and the fact that they took the sheets in every morning and the fact that their cross-contaminated or using products that you don't want to be smelling. In addition most of these hotels are under some kind of 5 g
How do you manage these properties? Do you have a security so nobody will break into your house? Do you switch off water and electricity, close the door and just leave a house for a couple of months?
I'm sure he has someone of trust look after the properties. But I too am curious 🤔
Im also curious to know. My guess is that he talked with a property management company in each country and they will take care of his properties while he's away.
Exactly my #1 question. It’s 6x the admin (and 6x the rental opportunity cost, if he doesn’t rent or Airbnb them while he’s away), that’s the downside. I have thought of doing this, but it’s practicalities like this that I haven’t yet figured out.
One thing Ive found handy is that in some places you can get put on a "dark list" where the local police will swing by and check on your house for free as part of normal rounds. Its one more layer of security for a property you arent in for a while.
Good practical questions. You always need a caretaker or agent in place.
Brother Andrew. I love how you talk about everything in details to spread awareness. Thank you
Hi i have same Mindset.
İ own Propertys in 4 different Countries and living always in each for 3 month per year.
*Germany🇩🇪
*Turkey 🇹🇷
*Philippines 🇵🇭
*Japan🇯🇵
Where are you tax resident? Isn't 183 days (6 months) usually the norm to become tax resident?
Philippines doesn’t allow outsiders to own land
@@mohamedalkaboom Condominium yes.. And i am married to a Filipina
@@silversurfer6758 in Japan because it's cheapest for me.
Sirencly Meca
@@MeCa2021 Perfect. Then you are set nicely. Me too
I agree with what you said about Airbnb vs Hotel, having control over the environment.
The property tax point is spot on especially once you retire
LA has a mansion tax
crybabies....go move to Nebraska! lol Enjoy!
it comes down to the old saying, “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.”
Go well.
I’m wanting to buy two properties one in Asia and one in Europe. Exactly for the reasons you’ve mentioned.
I just started my business, and I wanna be like you! I have a Canadian permanent resident and Japanese citizenship. I wanna collect more residence!
Transient. Sit your ass in one place
haha like pokemon
good luck to you
Sorry about your mug Andrew. Stay strong 💪 similar things have happened to me. I never let anyone in until after I leave. Don’t want the cleaning ladies going through my belongings.
Elizabeth Warren billionaire tears mug example is perfect. So few people understand this concept of energy. I had to live in NYC for a few years and only considered rentals where I could renovate in a smart and cost-effective way that made me love my home. People think this is crazy. Thank you Andrew for expressing this!
I plan on buying in COLOMBIA...Bogota, Medellin, Bucaramanga and Cartagena are my top choices.
Plus if you have citizenship or residency due to home ownership, you were allowed to enter that country "unjuiced". Bonus.
We are almost at the point where we can retire and go live inexpensively overseas. Love your channel and message so much because you really know what you want, and embrace that wholeheartedly. I want to live where I can walk to an art museum or beautiful architecture with my sketchpad, and I think that will be my equivalent of the good wardrobe waiting for you in your closet in every location. I hope you can find a replacement for your billionaire tears mug. Cheers!
Ah the Aahhchitecture and the swans, the alcoves, nooks and crannies. You should check ou Bruges, Belgium. It's like a freakin' fairy tale.
@@Learned333 Ze alcoves in Konigen Astrid park?
I totally get your approach. I grew up in Hawaii, went to law school in California, and my wife is from Japan. So it would be great to have a tiny place in each location and spend 4 months a year in each place. It's better to live like Mongol warrior and drag your yurt behind you where ever you go.
I hate having to lug my heavy supply of Earl Grey around 😂
Switch to Lady Gray she's lighter than Earl 😂
DREW KEEP THE GOOD WORK
YOUR WORK IS VERY VALUABLE!!!!!!!
In simple words you are like americas military you have a base in every strategic part of the world
Are you employing guards at every property? I'd be worried about coming home to squatters inside
Paying bills and security are the few things I worry about with having a property abroad. I have a similar personality to where I would have smaller properties than a bigger one. I already have 5 acres in the USA that's my part of a bigger 23-acre parcel of land. Managing that is more than enough for me. Overseas, I don't want that much to live on.
I love and resonate with everything Andrew talks about travel
Light just carry-on and energy etc
Loved this video!
So glad.
This is nice, and I respect your reasons ( which are all rational, by the way) for having homes spread around the globe. But it must be stressful hopping countries and timezones like this. Folks with families of growing kids can't do this. How do you do it?
I think Andrew has a wife but no kids.
This is a lifestyle choice that happens before you have a family, but it doesn’t mean you can’t have one.
@@pawlieblog7967 yeah, I feel like at some point, specially with children it's very hard to live like this, but while you're young and single it's ok
A few people have mention this and there is some grain of truth here. Having children and growing family does keep you grounded and maybe located in one country.
Not hard. Dont have kids yet. May later. But home in California turned into a rehabilitation house. Was parents cant sell it. But can pass it on to my children. And it generates money.
Bought an appartment in a korea, jehu island. And another in Taipei Taiwan. Usually rent these out 1 year leases to companies who hire workers like 1 year English teachers.
Did marry a vietnamese. Built a house in Vietnam on the beach in nha trang. All 3 asia houses under 100k though vn land wife owned is 300k. USA house 1 million.
Get a house to generate income. Then can it later to live.
I couldn't agree more. I would love to have? Homes. Around the world. Also yeah it they do cost a fortune to have fancy house in north america or western europe.
I was about to comment that I had read an interview some years back with Chris Carter, creator of "The X Files" in which he discussed his preference for multiple smaller properties - "jewel boxes" he called them - rather than one big one.
Then I googled to see if I could still find the interview. I couldn't, but I did find an item about how Carter just sold his Santa Ynez home - a 6,500 SF ranch on 130 acres. Seems more treasure chest than jewel box to me!
Yeah, but he sold it. Sounds like he returned right back to his philosophy.
To my mind property tax means you do not really own the property yourself .Ireland were i live does not have a property tax but its coming in here .Thailand where i also lived does not have a property tax on private houses and Condos .
Exactly. Your renting the land from the government the house sits on
Sometimes it's so low though you don't mind and don't feel a loss of ownership. Like St. Kitts is 0.25% - 1/4 of a percent - plus a front end exemption.
In Panama is 0 for up to 120k value. Regular people pay no property tax
Ireland has property tax
@@MegaPaulSullivan I stand corrected as i though it had yet to come in on private houses .What is the % ?
Oh this is definitely a lifestyle as much as any other part of the process. ❤❤❤
Hello , I very agree on your point of view. I bought 3 apartments in Cape Verde first line at beach. Good maintained , just for 50k euros each. The good thing is that 2 % tax leads to total cost buying less than 3 per cent. No malaria, low criminality, language Portugese. Lovely and cheap food and drinks. You can pay with euros and the currency is very stable. Friendly people , nice music. Young population. international orientated, The country is easy to access. Temperatures whole year between 25 and 30 degrees with a sea breeze. After visiting Gran Canaria for 5 years with their hostility to tourists is this Cape Verde a perfect place and investment. You can easily become a resident .
Hi! Thank you for sharing your story! Glad to hear you are enjoying Cape Verde!
I got 99 problems and my mug ain’t one
4:38 loved the living room & the picture's on the back wall.
Thank you.
Amazing,Andrew👏🏽👏🏽👏🏽
I see your point, but at the end of the day it depends on the individual and their needs.
How do you do all the maintenance and collect the rent money on all the homes? Renters are a pain in the ass in the long run
1) Who said anything about tenants? And
2) He *did* say that he has a Personal Assistant to help him with these things.
NC is about having a second or third home. So the boss should have multiple homes in multiple countries. Practically one home in a second country is fine.
I don't like to travel, I would prefer a farm for the peace.
Thanks for the excellent content, always relevant, and usually accurate. This one makes sense to me, but I spend more nights away from my primary residence than “home”.
My goal is 3 homes around the world. One in the US, one in Brazil and one in Italy or Portugal.
All I can say is I will never own a US property again, what a pain!
Selling mine next month. It’s not worth it anymore
Better six foreign properties than one US property.
Good for you!
multiple big homes is having the best of both worlds and the best solution
Absolutely forward!
Yeah, but I love my orangery and the ducks are just awesome...
I totally Agree! Although my wealth is no where near many subscribers I enjoy the channel. I live in NYC and am Amazed that people live in Westchester or Nassau Counties. The taxes are 20k on average.
really cool lifestyle
Another way of looking at it, you are restoring the utility of a private aircraft to those who travel on airlines. Arguably, you are saving money.
Love this, makes sense.
I agree with this. I have a sister that has one big home who is always strapped for cash and asks to borrow money from me. Its funny the people who want to show theyre doing well when in reality its all for show.
Andrew, let's say someone bought several properties in foreign countries and, god forbids, he dies or something. How his relatives are going to get a hold on those properties? Even when people are trying to sell their properties in foreign country sometimes they are shocked at how different it is from buying.
For example, in Italy foreigner can transfer money, fly in to sign papers and get a real-estate, no problem. But when he tries to sell it, suddenly he is told that he needs to pay tax, and for that he needs to open a local bank account, and for that he needs to have some local status etc. It's hardly possible to do on several weeks visit.
Or another example, when a foreigner bought a property in Montenegro, government office approved transaction no problem. But when he tried to sell it, suddenly he is told that property doesn't have all proper papers (some registration or whatever local regulations are). It was a pain to deal with local bureaucracy.
1st live in a territorial taxation or tax free country. 2nd Create an offshore company in a place with no death tax, for example Panama. Lets name it Personal Properties Inc. Company will be the owner of the real estate. You will be owner of the shares of the company. Therefore, only 1 inheritance process in Panama to take control of those shares. Company will need local corporate accounts in the different places to take care of bills, too. You are welcome my friend. If you need paid assistance just let me know :)
@@Alejandro-cj1ge Is it how Andrew did it? :-)
@@alphabravo0 I do not know. He also would have had to renounce US citizenship to take advantage of the plan described above.
@@Alejandro-cj1ge similar to what I was thinking.
@@Alejandro-cj1ge but let’s say you plan to live and buy a property in Portugal. What status you want to get in Panama to make this work ?
Love your style
You spoil us tonight, thnx ever so much ~
You are building the dream life.
Love this video! I totally agree with you!
Thank you for this!
We totally get this and find Mexico to be wonderful for one of our places.
Six properties in different countries mean massive operating costs (property taxes, insurance, electricity, water, gas, garbage collection tax…) and a massive head ache to manage
Not if you have good help.
Nope, you don't understand what he's doing. Water, gas, garbage don't cost anything if you aren't there, insurance and taxes are vastly lower. I could pay the costs of 6 pied I tierre for the cost of property taxes in my nondescript Midwest property.
No it isn't if you keep it moderate. That's the whole point. A mansion with a huge garden surely but not something moderate. The problem is that most people want to show off instead of going for real (financial) freedom.
Most of those homes are 3rd world countries. Expenses are manageable
Interesting vid. Thanks for sharing!
Nice to meet you, twin brother!
Nice! After decades of world travel I got pretty sick of the bustle, cities, traffic, lines, people, and concrete .. but I still have itchy feet, crave wilderness, high activities, & adventure in general. My solution: a kick-ass RV & Properties north, south, and west (yeah, east of me sucks for the most part.) There, now you know everything 😂
You'll get so much more enjoyment from places over the world
I don't know.. seems like a lot of headache having multiple places in other countries
Not if you travel a lot and do business around the world.
Do Americans understand the term “pied a terre”? It is French and means “foothold” or literally foot on the ground. A place to call your own.
it didnt end well for rich french.
@@fwefhwe4232 Rich French have multiple residences. Many go to Morocco. The CEO of Louis Vuitton gave up his French citizenship for Bege one when Macron wanted to raise taxes in 2020 or 2021. 😂😂😂 I am sure they are glad they did because the French are destroying Paris right now for over a month and they raided the Louis Vuitton offices last week or so. 😅😅😅
Go were your treated besttt!!!! ✈️
Thats why I eat at McDonald’s
@@mohamedalkaboom 🤣🤣🤣
I've always had this question: what happens to your house the remainder time you're not living there? Do you just close it off and have staff to keep it in check? Doesn't it feel a bit... wasteful? idk if that's the word I'm looking for, but quite a shame.
Anyways, I adore your videos, you inspire me to aim for a better life, one with more freedom and options! Hope the energy of the universe always flows with you
He might be in the high-end areas where he doesn't have to worry about poachers and such or in gated communities but I wish you would have answered that question because I agree.
Most likely he airbnb's them.
A Boxabl home is hardly a shack. It is a well-designed, compact tiny home and I really think that Elon Musk should be respected for selling his mansions to live in the very homes, even if tiny, that he is selling to others. Some of the designs are very on-trend, very functional, and would be conducive to a lifestyle where one can focus on business. One's choice of decor can vary and he may not care for elegance and fine tea. However, he is not living in a shack.
If you live by yourself it's not. With a partner its still not too bad. With 3 kids, its a shack. It's all about perspective
Andrew, how will you and your clients address the oncoming limitations on travel and flights placed by carbon-print regulations most likely reinforced with government-controlled central-bank digital currencies?
The rich will not be subject to the same restrictions as the plebs. See Davos: they want to eliminate most air travel for the general population while they fly their private jets. Because science…
Most of the world isn't doing that, only a few deranged companies in the West. A huge portion of the world ( BRICS and SCO ) are moving away from the dollar and back to a gold backed currency.
Right!
Since the virtue signaling elites will resist restrictions on flying around the world to eco conferences, it will never happen. 😂😂😂
Είσαι απίθανος 👍
There is a big reason why Andrew “pops in” every now and then to Latin America but he chooses specifically to live in south east Asia.
No place like homes :)
What if you were to buy or build an apartment complex in these areas and keep one of the units for yourself? Then you could sorta have a "free place to live."
Elon Musk may want to show those less capable the obvious: It's fine living in a smaller place. It may be easier to clean and have other advantages. This example could help the brain dead and border line IQ government officials, media and loud mouthed actors see that there is another path. People really may not have to live in the streets.
100% agree
The way things are heading, won't be able to travel too much soon.
I like why you did it. I wish I'd have had the ability to do this. I'm still trying for it tho.
me and Andrew have the same mindsets, I cannot work in a place that is chaotic, vibe is off, toxic, and people taking stuff. My issue with AIRBNB is the privacy as some people might install hidden camera in your airbnb place. I have started researching diff passports as our country PH have a lot of limitations and requiring visa to hop from one place to another. Also, following what my late grandpa did, to have an apartment or some rental properties, this is my aim since I work remotely as well. The mindset is there, I'm only missing millions of $$$ haha. It's hard to maintain and clean mansions, so this is not for me, townhouse or flats are okay as long as some people are willing to rent it. My main concern is the capital gains tax and rental property tax as well of other countries, esp EU.
Have options :-)
I would be very interested in the costs associated with having a (most of the time unused) home in the different countries of the world. Buying an apartment is just one thing and it is relatively easy to get information on the costs. However, I couldn't find information on the cost of ownership (taxes, levies, management fees). It would also be good to find some information on how safe it is to keep an apartment unused for longer periods of time.
Buy a double leavel house and o ly rent out one floor with the agreement you will stay on the other while you are in the country
6:58 is that fog or smog? I live in Australia and sort of want to get out, however the air is really clean here.
Great video
Thanks.
Omg 😮$30,000 penalty on a good house they already own. That’s shocking, how scary.
What about insurance costs? I notice in another of your videos you mention maintenance but not insurance. Also, thanks for these videos. I like each one I watch and I'm already subscribed.
I don't flex. I have 6 homes!
What do you do with these houses when you are not there?
Turn the AC off and leave. Or allow friends or colleagues to use them.
😂 it's funny when someone is asking (why don't you own a mansion ?) Is it any of their business that you own or want to own or not ? That's so stupid people nowadays are getting extremely noisy 😤!!!
How do you keep your accommodation in a humid climate when you fly away? Everything inside the apartment begins to deteriorate if you do not use air conditioning due to humidity.
You are becoming Serbia fan xD
Great stuff Andy! How to optimize ? Leave the 🇺🇸….Not because it’s not great- there’s abundance and it’s better abroad on SOOOO many levels. Not just dating. Join the #NewRich Son! 💯
Sounds very exhausting Andrew having 6 places. I have 3 homes . I had 4 but I used 1 only 10 days a year and found it easier just to stay in a hotel. Hotels are clean, swimming pool, room service. It is hardly possible to even live in 3 places I am about to get rid of one more and just live in 2 nice places.