| A would-be real estate investor at a
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| | Our Roving Latin America Scout Lee
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| conference in Puerto Vallarta in April
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| | Harrison reports that Uruguay's is the
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| said he'd researched the Costa Rican
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| | best buy real estate market in the
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| property market for five years,
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| | Americas right now. Real estate costs
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| considering making a buy. Meantime,
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| | about the same in Montevideo as it does
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| prices appreciated, maybe, 200% in that
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| | in Buenos Aires, except in the Old Towns.
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| period. The market became too expensive
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| | Today, you can buy an apartment in
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| for him and he never did act.Another
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| | Montevideo's Old Town--just beginning to
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| investor at a Real Estate Forum in Puerto
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| | be rediscovered--for as little as $540
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| Plata, explained that he'd been watching
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| | per square meter. Compare this with
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| the market in the Caribbean island nation
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| | $2,000 a meter or more for a similar buy
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| of the Dominican Republic, for more than
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| | in B.A.3. A condo in Panama City, again
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| two years but was still uncertain as to
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| | rentable on the short-term market. Here,
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| whether or where to buy. He lamented the
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| | though, to stay within the budget, you'll
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| rate of appreciation of property values
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| | have to finance...which is possible in
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| during those 24 months.Two pieces of
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| | Panama. Put $50,000 down on a $150,000
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| advice: First, yes, do your homework.
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| | apartment...and your rental income could
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| But, second, don't become paralyzed by
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| | cover your monthly mortgage payments. At
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| the analysis. Nothing is guaranteed.
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| | today's values, that $150,000 could buy
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| You'll rarely identify a "perfect" time
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| | you a one- or two-bedroom condo in a new
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| to buy. You'll never know you're making
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| | building, which is a good product for
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| the right move. In any market, at any
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| | this rental market.4. A sea view
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| time, you could lose everything you
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| | apartment in Croatia, again for the
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| invest.If those things make you
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| | short-term rental market. You can find a
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| uneasy...you shouldn't be thinking about
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| | good buy on a renovation in some parts of
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| investing in international real estate.
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| | this country for less than $50,000, but
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| This is risky business...often
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| | it'll likely require substantial further
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| speculative...in unregulated, Wild West
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| | investment to make it what you need for
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| markets. Dealing with people you
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| | rental...perhaps as much as another
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| wouldn't do business with if you had any
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| | $100,000. Instead, look for new-build.
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| choice (sometimes you don't). If
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| | Specifically, right now, there is an
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| something goes wrong, you'll likely have
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| | opportunity on the island of Ciovo (note
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| little or no recourse.That's the game.
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| | that the locals don't consider it an
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| Investing in foreign real estate is more
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| | island, as it is connected to the
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| risky and more complicated than investing
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| | mainland by a bridge that you won't even
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| in U.S. real estate. Recognize these
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| | notice driving over). This is a
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| truths. Choose your markets. Do your
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| | destination for middle-class Central
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| research and due diligence.You must have
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| | Europeans who drive down easily from
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| the answers to the six primary factors to
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| | Hungary, Austria and Slovenia for
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| consider when making a real estate
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| | vacation. It also boasts easy access to
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| investment--and how each one affects your
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| | the Split airport, which offers flights
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| level of income: 1. Why you're making
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| | each day connecting through Zagreb and a
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| the investment. Do you intend to use and
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| | few direct flights from outside Croatia.
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| enjoy the property? Or, are you only
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| | There's a new-build studio apartment on
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| looking at the investment potential?
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| | this island available for $58,000. Yes,
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| That's important to your initial outlay
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| | it's a little outside the parameters of
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| and your long-(or short-) term returns.
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| | the budget suggested above, but it'd
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| 2. What's your tolerance for risk?
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| | potentially make a good rental.5. Cyprus
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| Learn your Risk Comfort Level, is this
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| | is struggling with reunification
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| investment within those parameters? 3.
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| | problems. But, with some of the
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| Your options for financing. Cash or
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| | remarkable real estate opportunities
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| credit? Your answer helps determine your
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| | --and the EU about to impact--the rewards
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| investment. 4. What fits well in your
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| | may well be worth the risks. In the
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| existing portfolio? To be well-balanced,
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| | popular resort town of Kyrenia, northern
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| your portfolio should have a range of
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| | Cyprus , you can get a three-bedroom
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| assets including real estate--and your
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| | sea-view apartment-- for just $55,000!
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| portfolio should include a range of
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| | (To put that into perspective, a similar
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| properties. 5. Your level of experience
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| | property would cost you $110,000 in
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| in the market. Experience is the
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| | southern Cyprus...$250,000 in
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| roughest teacher--because it gives the
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| | Corsica...and $330,000 on the island of
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| test before it gives the lesson. 6.
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| | Mallorca.) Property taxes are almost
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| Your desired level of involvement. Your
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| | non-existent. Inheritance taxes have
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| level of participation will help you
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| | been abolished. And capital gains taxes
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| determine your type of investment.Then
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| | don't even kick in until your gains are
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| act. Take a first step. Don't invest
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| | in excess of $20,200.6. Bulgaria is a
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| money you can't afford to lose. Control
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| | quiet, picturesque country--once home to
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| the circumstances as much as possible.
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| | world-class European ski resorts-and it
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| But don't wait for a sign from above that
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| | has become one of Europe's fastest
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| the timing and the opportunity are ideal.
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| | developing nations. It could easily
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| The sign won't come...and the market
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| | become one of your fastest growing
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| won't wait. For a first deal, you should
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| | investments. Bulgaria's mountainous
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| probably invest no more than $50,000.
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| | countryside is studded with ancient
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| Here are six buys you could make right
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| | farmhouses begging for restoration. Many
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| now (May '06) with that budget:1. A
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| | compare it to Tuscany in the 1970s. And,
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| small apartment for short-term rental in
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| | if you act now, you can pick up an
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| Buenos Aires, Argentina. Three years
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| | abandoned farmhouse nestled in the
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| ago, in the wake of the peso devaluation,
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| | verdant hills-- for just $9,800!Borovets
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| you could have bought a big apartment in
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| | is the oldest and largest ski resort in
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| a prime neighborhood for less than
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| | Bulgaria . It's also one of the hottest
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| $50,000. Values in this market, however,
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| | Alpine investment opportunities in the
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| have more than doubled in that period.
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| | world. And right now, you can get a
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| Still, you can buy a decent apartment in
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| | two-story, 1,200 sq. ft. house situated
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| a neighborhood appealing for the
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| | in a peaceful village minutes from
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| short-term renter for about that amount
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| | Borovets...with a large garden and views
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| today.2. A colonial apartment for
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| | of the slopes-- for under $30,000!Good
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| short-term rental in Montevideo, Uruguay.
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| | luck.
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