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RealtyCast Global #9 Mastering Currency Exchange for International Property Investment with Christian Assal

RealtyCast Global #9: Mastering Currency Exchange for International Property Investment with Christian Assal

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Welcome to episode #9 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

When it comes to international property investment, the importance of understanding currency exchange cannot be overstated. RealtyCast Global’s latest episode featuring Christian Assal from Currencies Direct offers an in-depth look at how foreign exchange markets can be the deciding factor between success and failure in real estate investments abroad.

Christian Assal brings to light the often-overlooked aspect of foreign property investment – the exchange rate. He explains how choosing a specialized foreign exchange company over traditional banks could result in significant savings. This is particularly crucial given that currency exchange rates are influenced by a multitude of factors including interest rates, economic data, and geopolitical events.

As the global economy continues to evolve, so too does the landscape of investing. The episode delves into the unpredictable nature of the foreign exchange market, especially following impactful economic events like the recent surge in lumber prices. Christian provides strategic advice on managing currency exposure through methods such as diversification and hedging, highlighting the importance of aligning investment risks with one’s personal risk tolerance.

The podcast doesn’t shy away from the latest hot topic in the investment world – cryptocurrencies. Christian discusses the volatility of Bitcoin’s value and the potential dangers of making emotional investment decisions. The episode also makes bold predictions about the evolution of online trading platforms, mobile app innovations, and the pivotal role of blockchain technology in ushering in a financial revolution.

Furthermore, the conversation takes a turn towards regulatory futures, stressing the significance of staying informed on current events to make educated decisions in foreign exchange investments. This insight is particularly valuable for those looking to capitalize on the shifts in the digital investment landscape.

Christian Assal’s expertise shines through as he discusses how Currencies Direct provides competitive rates and faster delivery times, saving clients considerable amounts of money on currency conversions. The company’s focus on undercutting traditional banking fees presents a compelling case for investors to reconsider their approach to international fund transfers.

The podcast wraps up with a discussion on the future of foreign exchange and investing, emphasizing the need for regulatory compliance in the cryptocurrency space and the continued advancement of trading tools and security measures. Christian’s bullish outlook on the future of investment platforms and blockchain technology promises exciting times ahead for global investors.

Overall, the episode serves as a comprehensive guide for anyone looking to navigate the complex world of currencies and international property investment. It underscores the critical role of currency exchange knowledge in maximizing investment returns and offers a roadmap for investors to thrive in the digital era.

Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

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About the Guest – Christian Assal:

Christian Assal is the Business Development Executive with Currencies Direct.  Currencies Direct is a premier option for your clients to exchange their currency securely and effortlessly.  We assist foreign buyers and sellers by offering them far better rates of exchange than they receive from their bank when making transfers, we have multiple routes for your clients to choose from when transferring their now secure exchange, with of course one of the top foreign exchange firms in the industry to ensure risk mitigation.

This provides an additional service you can offer your clients, and even better, we allow you and your clients to keep their focus on the excitement of buying a beautiful property, all the while knowing that Currencies Direct has the transfers handled throughout from the first contact until the close. Your clients can always speak with me and ask any questions all along the way.

In addition, we have an affiliate partner program that is designed specifically for agents like you and is free for you and your team.  The program enables your clients to take advantage of our exchange rates saving them large amounts of money when transferring funds internationally.  We can manage and update you and your client on the entire payment process from first contact to close, and provide you and title companies transfer confirmations, all while ensuring your clients receive the best exchange rates.   We also offer optional RESPA-approved referral fees for introductions to clients who utilize our services if that is something you are interested in. 

Connect with Christian on LinkedIn: https://www.linkedin.com/in/chrisassal

Contact Christian: christian.assal@currenciesdirect.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global #7 Demystifying US Immigration Laws & Purchasing Real Estate with Karen Weinstock

RealtyCast Global #7: Demystifying US Immigration Laws & Purchasing Real Estate with Karen Weinstock

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Welcome to episode #7 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

The Immigration Nationality Act of 1952 stands as an archaic law in dire need of revision to accommodate the current workforce realities. In the latest episode of RealtyCast Global, Karen Weinstock, the managing attorney of Weinstock Immigration Lawyers, spotlights the urgent necessity for an overhaul of this antiquated legislation on US immigration. An immigrant herself, Karen brings her personal insights to the fore, outlining the law’s inconsistencies and the pressing demand for reform.

In a captivating twist, the conversation explores the labyrinth of foreign nationals acquiring property in the United States. Debunking common misconceptions, we delve into the constraints non-US citizens face when attempting to procure a mortgage and gain employment in the US. Karen underscores the significance of an active business investment for securing an investor visa, shattering the myth that mere real estate purchase suffices.

Weinstock Immigration Lawyers have assisted numerous Fortune 500 and publicly traded companies to secure global talent and ensure a seamless transition for foreign employees and their families. Karen’s unique blend of professional expertise and personal immigration experience equips her to guide clients through the intricate US immigration system.

The dialogue extends into the realm of immigration objectives specific to foreign nationals involved in real estate. A captivating success story reveals how these objectives can be achieved despite the hurdles imposed by the immigration quota system. The account of a Canadian real estate investor securing an investor visa, with Karen’s expert guidance, serves as a compelling example of the achievable possibilities.

Despite the current immigration quota system, which still harks back to the outdated provisions of the Immigration Nationality Act of 1952, it is possible for foreign nationals to successfully navigate the US immigration and real estate landscapes. Through proactive investment in active businesses and proper understanding of the immigration laws, foreign nationals can achieve their American dreams.

Karen’s deep understanding of the US immigration system and her commitment to her clients are evident in her success stories. Her dedication and drive to facilitate positive immigration experiences for her clients make her a respected figure in the legal and business communities across the country.

Whether you’re a foreign national looking to invest in US property, a company seeking to bring foreign talent into the US, or simply interested in understanding the complex world of US immigration, this episode offers invaluable insights. It underscores the importance of seeking expert advice when navigating the multifaceted terrain of US immigration and its impact on the real estate industry.

The world of US immigration may be intricate, but with the right guidance and understanding, it is not an insurmountable challenge. Tune into this episode of RealtyCast Global to gain an enlightening understanding of US immigration and its impact on the real estate industry, as shared by one of America’s leading immigration attorneys, Karen Weinstock.

Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts

About the guest – Karen Weinstock:

Karen is the Managing Attorney of Weinstock Immigration Lawyers, one of the best immigration law firms in Atlanta, Georgia. With over two decades of experience, she has substantial expertise representing U.S. and international companies to secure global talent and ensure a successful transition for foreign employees and their families.

Karen has represented Fortune 500 and publicly traded companies in both the U.S. and abroad. She has helped many European, Asian, and Latin American enterprises and international investors achieve their American Dream.

Born and raised in Israel, Karen immigrated to the United States in 2000. Karen’s compassion for clients and commitment to excellence distinguishes her as one of the best immigration attorneys in the nation. Legal and business communities across the country regard Karen as a true leader in immigration and a role model among women entrepreneurs.

Karen’s website: https://visa-pros.com/

Connect with Karen on LinkedIn: https://www.linkedin.com/in/karenweinstock/

Contact Karen for a free case evaluation: (770) 604-1603

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America

How to Buy International Real Estate

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A beautiful Bahamian bungalow or a Spanish seaside condo? An apartment in Toronto or a modern house in Ecuador? 

Once you find the international property you want, you’ll know. But then what?

Countries Where Americans Can’t Buy Real Estate

Vietnam is the only country where you flat-out cannot buy a property. This is because all land is owned collectively — even native Vietnamese citizens cannot own property.

However, there are a few countries where, while not impossible, it’s pretty tricky for a US citizen to buy real estate overseas.

  • Greece: A bit easier if you’re part of the EU, not so much if you’re an American. The birthplace of Rome has tons of zoning restrictions due to its archaeological history. Mortgages in Greek are also notoriously hard to come by.
  • Thailand: The only way a foreigner can own land in Thailand is if they form a corporation, which requires 51% ownership from Thai nationals.
  • Mexico: Probably the least tricky of the four, but purchased land must be in an unrestricted zone.

Best Countries for Buying International Real Estate

There are a lot, but Belize is pretty popular for US citizens. It’s a gorgeous country with phenomenal beaches and marine life, it’s not too far from the states (less than 2½ hours flying from Houston, direct!), and it’s an English-speaking country.

Paying for International Real Estate

Nearly always, you’ll need enough money to buy the property outright (or enough to almost buy it outright). Financing is typically challenging or met with insanely high-interest rates.

What to Look for in a Foreign Property

Just like buying in the US, you want a property in good condition and in a solid location (or at least, a location that meets your needs). 

However, you also want to make sure you’re buying a freehold property (a property that you own entirely and that you have rights to use as you please, as long as it’s in accordance with the law).

Buying a freehold property isn’t always possible, and that doesn’t have to spell impending doom. Just know what you’re getting into and understand the limits in place for a property that’s not freehold.

Who to Hire When Buying Foreign Property

Here’s who to assemble when buying property overseas:

  • Local lawyer: Someone local to the area where you’re buying.
  • US accountant: Someone who specifically has experience in international real estate (if they have experience with your country of preference, even better).
  • Local real estate agent: Use RealtyHive to find an agent — we can find an experienced agent in practically any location.

What to Use Foreign Property for

Most often, people use foreign properties for vacation or rental purposes. However, this doesn’t mean you can’t relocate to a new destination — we applaud your adventurous spirit!

Some people even purchase land abroad solely for protective purposes. If buying near a coral reef or forest, you could speak to the local authorities about conservation efforts. Whenever we have the means to help the environment, we should do what we can.

Beginning to look for international real estate? Check our overseas listings! Ready to make a purchase? Let us help you find an agent! Get started on buying property overseas today with RealtyHive.