How to Move Out of the US Workshop

[IL Moderator]

Hi @DTINTERVAL We’ve checked in with Ronan McMahon, our Real Estate Guru, to get an answer to your question. This was his response,

You have options…

1)You can buy a property overseas through your 401k. However this comes with restrictions on personal use. To comply it needs to be an arms length investment

2)RETA deals (that’s my real estate investment advisory service) in Mexico typical come with pre approved developer finance.

3)in France an Portugal mortgages typically need to be paid off by age 75-80. It varies…but an option is to buy the property with a younger family member, maybe a child if you have one, and by having them on the mortgage you could meet the criteria. Of course you would need to be very comfortable with your partner on the deal

[jlarkin]

https://internationalliving.com/community/category/workshops-20/112/

[jlarkin]

https://internationalliving.com/community/category/workshops-20/112/

[IL Moderator]

@LISA-HACSKAYLO Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[jlarkin]

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[IL Moderator]

@MIKE-WBH Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@PJRICHER-0 Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[daylward]

test

[IL Moderator]

@CMAJORCHORD Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[jlarkin]

test

[IL Moderator]

@JEFF-LIPKO Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@SURFSCOUT71 If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@LINDAJWELLS53 Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@ELLENPMALING Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@JEANETTE-COMMUNITYBUILDER Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@COOLMANJAMES35 Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@LIFECOACHLIFEGROWTH We’ve checked in with Chip Stites, our expert in Italy to get an answer to your question. This was his response,

The best way to figure out where you want to move is to go there and see how it feels and if you are comfortable there. It is important that you begin to learn the language right away. Also, you need to locate your Consulate, and once you get serious, check out the requirements for a VISA. I am unfamiliar with all the small towns in Umbira, one of my favorite provinces, but I suggest you visit and see where you feel comfortable. Some towns in Umbria qualify for the 7% tax advantage, so you should check that out. Knowing more about taxes is a very broad subject, and what you might do is get the name of a commercialist familiar with US expat taxes and speak with them... they will charge you for their time. Again, the best thing you can do is go there, see the towns, live there for a few weeks, and see how it feels. I could give you all the information in the world, and it would be of little value compared to a one-, two-, or three-week visit. Good luck on your hunt.

Chip Stites, Italy Correspondent, International Living Magazine

[IL Moderator]

@KARENOLIVERSELLSPCB30A We’ve checked in with Chip Stites, our expert in Italy to get an answer to your question. This was his response,

Hi Karen, Yes, for a stay of over 90 days, you must get a VISA...The consulate that covers your state or county controls that, and you must visit the consulate. You can find your consulate, look for the VISA section, and go from there.

If you get stuck, let me know. I can be reached at Italy@internationalliving.com, and I will help. OH, the length of the VISA renewal is every two years, FYI.

My best, Chip Stites, Italy Correspondent, International Living Magazine.

[IL Moderator]

@MICHAELHETHCSP If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.

[IL Moderator]

@CWOCNGODDESS Yes, If you miss the live workshop, you can watch it later. The video will remain here and also be available to re-watch on our YouTube channel.