THE EXPAT FILES SHOW #551

THE EXPAT FILES SHOW #551

4-10-2016 (SUN):

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ANNOUNCING JOHNNY’S JULY 2016

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LATIN AMERICAN “INSIDER” SEMINAR

It will be held in and around Guatemala, Central America “off the Gringo tourist trail”, from Saturday July 9th thru Thursday July 14th. For info and signup details and get the “Early-bird” discount, click the link on the www.TheNewExpat.com  main-page or email: theexpatfiles@gmail.com or, or click on the link below (or paste it in your browser)

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Get the discount before the time runs out.

Seminar transportation included.  P1000857

 Pre and Post Seminar Trips Below

 

REAL ESTATE BUBBLE

CAUTION!! EXPATS ARE BUYING INTO A REAL ESTATE BUBBLE AT IT’S PEAK- MOST WILL LOSE AND NEVER CASH OUT:

Unfortunately, a good percentage of Gringos and Expats in Latin America have bought (or are buying) into the peak of the Latin Real estate bubble. How would they even know there’s a bubble? Yes, everyone wants their little piece of paradise and as long as Latin vacation properties remain cheaper than in US vacation spots (not necessarily so). Fresh Gringos think believe they’d better buy in now or lose out. A few short years ago buying Latin real estate seemed like such a no brainer, but all things must end.., and this will end badly. Bubbles that over-expand will always deflate, bottom out and burn the last suckers who came in. Sure, some Gringo buyers who got in early flipped properties over and over at nice profits… and those stories help drive the bubble higher as greater fools rush in. Few if any recognize the ominous signs even now (a bubble sign in itself). Even this late in the game fools do trickle in but are NOT rushing in like they once had done. Meanwhile, many formerly happy fools are finding they’re stuck: cash poor, in too deep, with way too many properties on the market and worst of all… too few new suckers… 

Of course you can always buy a fixer upper.

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 -INTERVIEW WITH AN EXPAT TAX PREPARER– PART TWO:

Today we have Part TWO of our interview with a professional Expat tax preparer with over 600 Expat clients. He lives in Medellin, Colombia and knows the peculiarities of Expats and US taxes. We’ll ask him tax questions that most concern Expats.

Note: when it comes to Expats and US taxes, the most knowledgeable and best equipped tax preparers will generally be those long term Expats who advertise in the local Latin country they live in and thus provide a face to face service. Always remember that your neighborhood Cleveland tax guy probably hasn’t got a single Expat client (except you maybe?). You wannna be his guinea pig? 

-BE SURE TO CHECK OUT THE “EXPAT FILES” YOU TUBE CHANNEL: become a subscriber (it’s free!)

CONSULT WITH JOHNNY- SCHEDULE A CELL OR SKYPE CALL: Would you like a 1 on 1 personal Skype or phone consult with me? Set up a time when we can talk and sort out your own specific Latin American plans. Just write “CONSULT” in the subject line and send a short list of your questions and talking points to: theexpatfiles@gmail.com

 Visit me Johnny (and Expat super-blogger John Galt) at our new joint website www.TheNewExpat.com . It’s where you’ll get real “boots on the ground” info, experienced expat blogs and reports.

Galtenango

Galtenango, the souther location is here.  John Galt will be your pre and post seminar guide to similar sights.

Pre Seminar.

I have been after Johnny to offer these trips for years, because that is the way I entered this country this way based on his recommendation.  I didn’t just start with the metro Guatemala City.  I came via the beauty and the population of the wonderful country.  Come a little early and see what I saw.  

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