Buying Property Abroad for Residency!

Buying property overseas sounds like a straightforward path to residency, but for most Americans, the reality is far more complex. In this video, Earl explains what actually works when it comes to buying property abroad for residency — and where many people get it wrong.

💰 Cost of Living Many Americans assume that owning real estate overseas automatically improves their cost of living and grants the right to stay long term. While housing costs abroad can range from $900 to $2,000 a month in many countries — often lower than similar housing in the USA — property ownership alone rarely provides residency. Ongoing costs such as local property taxes, maintenance, renewal fees, and compliance costs all affect the true cost of living over time.

🍲 Lifestyle & Culture Owning property can support a flexible lifestyle, including seasonal living or rental income. Some retirees enjoy slower daily routines and faster access to private healthcare in certain regions. The challenge is that language barriers, legal paperwork, and ongoing administrative requirements often shape daily life more than the property itself.

⚠️ Reality Check Residency rules vary widely by country and can change with little warning. Many programs require minimum holding periods, regular renewals, proof of income, health insurance, and physical presence. Selling too soon or missing documentation deadlines can mean losing residency status altogether.