Hi Karl. I’m an American have lived in Spain 24 years. Raised 3 kids here. All 3 educated in public system and doing well in their careers. Spain’s infrastructure is as good as it gets.
Do you mind sharing what part of Spain you live in? Did you also look at private and concertados? How were the kids accepted as foreigners? I assume they might have been born in Spain though.
We left the north and have been working on accumulating RE in different US and non-US tax jurisdictions for residency, havens, citizenships, etc. We are learning languages and having fun traveling. Nice to hear others' testimony.
I can agree on a lot of stuff. As a native Spanish speaker I must say I’m big on having the ability to speak multiple languages. I speak Spanish, English and Portuguese. I would love my children to speak at least 3 languages. I’m leaning more towards Italy.
@@Karl__Pierre as I previously mentioned, I’m a native Spanish speaker, I’m looking for different cultures, and also languages as I’m looking to learn another language. I love Italian food, the culture, the affordability of everything including the properties.
I am a retired American and I love your channel. I love Medellin Colombia. I plan to spend winters here. I also love Spain however the government wants to tax all of my assets. I have a duplex in the states. I love weather and walkability. Don't care about beaches. I need to vist a few more to complete my trifecta global lifestyle
Great video Karl! Thanks for sharing. I'm liking your channel more each time I see another video. PS Your kid is adorable! Since you mention Medellín what are your thoughts on safety in this city? This is the primary factor that puts me off some. Thanks!
I have a video coming out soon covering that topic. General rules are to stay off tinder, don't walk around alone at night or in shady areas, don't flash material possessions. Since Medellin is a large city with income gaps it will have the sort of crime larger cities do with the caveat of men being targeted on dating apps.
Wow! Love your content so glad I found you. Did you ever consider homeschooling your children? When my kids were school age I lived in a U.S. state that was 49th in education so I decided to homeschool. They got an amazing education and we had the flexibility to do school anywhere. We learned so much more than we ever could in a traditional school anywhere! They are also better socialized because they learned to communicate and interact with people of all ages not just their pier group. I highly recommend it. Today my kids are all married 3 with higher degrees ( one worked for NASA) the other is an entrepreneur who lives internationally
I'm a foreigner, too, now US citizen. Pay attention with the green card, even if you spend less than 6 months out of the country, they can still take away her green card if the people at custom decide that she has been in and out too much and she hasn't really established her residency in the US.... It's all about who you find.
@@Karl__PierreHubby and I went couple years ago, and didn’t like the report either, would be interested to hear what it is now. Looking forward to your review.
Didn't know about the Medellin connection. Interesting, and so great to get a look back. We say we are "geographically polyamorous." Measure my wealth by freedom. We've chosen San Francisco and New Orleans, where we house hack our primary and run 5 STRs. Best friends sold their SF condo to go between Medellin and San Miguel Mexico and STR them when they're in the other place. Italian dual citizenship in process but it's slow, tried living in Bologna years ago and now looking at Sicily. It is so helpful to see other people. Super interesting.
Man, this video is getting me really excited now. I plan on moving to Colombia in May this year. I do have a Colombian girlfriend who just purchased a house there and it’s 75% paid off. I figured we’d finish that off and start saving up to buy a rental property in another location there. my original plan was to move to Portugal this year before we met, but after meeting her a year ago, I feel like this may open up new opportunities now. Currently retired two years ago, I have military disability, and a pension from my last career. I’m trying to find out the best way to go about this. I don’t think Portugal is going to happen anytime soon because this is an opportunity to increase my income and have properties in different locations. It might actually be the best way to eventually make it there. I will be literally starting from scratch. How are you dealing with the properties in these locations as far as residency, or do you have citizenship there, or are you handling them just on a tourist visa?
@@kingmaafa120 I’ve only been there once for 2 weeks in August visiting my girlfriend’s family and relatives. Taking another trip there in a couple weeks for a month to warm up before moving there in may. I stayed at the Airbnb in Manizales. it was a two bedroom two bathroom, brand new condo in a new building. We asked how much something like this would cost to purchase. We were told that particular property was $65,000. I immediately thought we need to pay off the house we are currently staying in as fast as possible, invest a little bit more money into it and maybe add some additions, and start saving up money for rental property in various location. I know a lot of the passport Bros go there for their thing, but I’m not part of that group.
Hey I think both are good choices. The only downside with Colombia and Portugal will be the income that you will produce on the properties. What you will want to do is compare long term rents with short term rents I that area. Take the net profot/purchase price and if you like that ROI do it, if not don't. I think investments should be based purely on performance while the other purchases being best for the lifestyle you want.
Great video. I have my house in FL on the market. We just spent a month in Spain and found a house. Now we will see if I can sell this house. We've been waiting on my wife to get her citizenship as well. She got it done in Oct. So now we are more free to move about the world. I have a house in Puerto Rico and thought I'd split my time between FL, PR, and Spain. But I'm finding I think we need more of a home base and everything else will just be to spend a little time.
Where are you thinking for the home base? For me it was Fort Lauderale due to coast and airport access. What are you needs for a home base? Weather, costs, time zone?
@@Karl__Pierre We're thinking Spain. Home owners insurance and taxes are so low that it makes sense to have something there that can sit empty when we travel. My house in FL costs $1,000 a month to sit empty even if I paid off my mortgage. We are focusing on the south of Spain. We can stay in one of our rentals in FL when we come to check on the houses. And the house in Puerto Rico is a vacation rental so we can block out dates for ourselves there too. One big problem is figuring out cars in all these locations. Renting gets expensive, but so far its the best thing we've found when we go to Puerto Rico.
Hi Karl ,any insight on what will happen if there is a real estate crash like there was in 2008? Would love to hear your take on what could happen if the dollar crashes on a global scale I live in an expensive area in Turin where the cost of an appartment is around 2,046 per square meters and recently has gone up 5,6% Very informative channel. Thank you Karl!
All of that means nothing. If the market crashes you simply lose make beleive money. Always have a skill or assets that are in demand and you'll be fine. 2000/sq meter is ok my current neighborhood 8100/sq meter. I think 200/sq is pretty good.
I like the way you think Karl, always have. Yes, the US is to expensive for living full time in when you're trying to make as much money as possible and not just be a paycheck to paycheck serf for lack of a better term. As entrepreneurs we will always try to find the best for our selves but I do have to ask how long you think these tax haven countries will be around? I for one am worried now that I've seen taxes go up in Switzerland, and tax reducing programs going away in places like Portugal. How long before Caribbean islands do the same? Should I be worried about this or do you think there will always be a place to go where saving money will be much easier? Thanks.
Consider Cape Town (South Africa) as well. As a citizen myself I can assure you'll find plenty of business opportunities, a talented, educated and hardworking work force, low cost of living, beautiful scenery etc. I definitely think you would love it here 👍
I am from Brazil, but it can be very dangerous and also the current government situation is super scary but now I am curious on what you have done in Cabo Frio. Did you buy cash or finance? I need to check out your other websites. love finding your channel.
@@Karl__Pierre, thanks for the reply. well, freedom of speech is being taken away. Courrption and violence has always been a thing. I am from Espirito Santo, a coastal state between Rio and Bahia. I'm not sure if you saw Elon Musl/Twitter vs. the Supreme Court judge and how they are also taking away citizens' passports of those who live abroad and don't agree with the government and are vocal about it. It's such a beautiful country, but the corruption fuels a lot of violence and super old constitution. Has major potential for sure but the corruption is so engrained.
Are your holdings in Medellin turning around for the better for you Karl? i've heard a lot of people that invested down there are still struggling to make a profit. seems that 2018- 2019 fire really died out.
Closed one during the pandemic the other I keep for personal use and lease for expense offset. The issue with Medellin is that the daily rate for typical apartments are too low and occupancy sits at around 65%....
@@Karl__Pierre Good to know! I once considered investing there, came really close to pulling the trigger on a condo but decided against it last min, I still don't regret my decision, but I always keep an eye on developments down there.
Just fiund your channel. We are RE investors with 3 properties in Boise, Idaho suburbs. We Airbnb them and one we have residence while we rent out other parts of home. We are interested in traveling to Europe/Italy to see investment/living options. Thanks for your channel.
Hi Karl If your are ever interested in selling your triplex let me know. My wife and I ran one in a different location and would love to get back into it.
Thanks but not selling. I can tear down and rebuild. New builds selling for 3.5-4M in this market. I'm going to sit on this for a few years and either build one large home or a few townhouses
I don't like the culture of the United States especially for people of color. I don't want my kids growing up feeling less than due to color. I also find that America is a bit cold/empty when it comes to family values
Learn more about living globally. Email your questions to info@entplife.com
Hi Karl. I’m an American have lived in Spain 24 years. Raised 3 kids here. All 3 educated in public system and doing well in their careers. Spain’s infrastructure is as good as it gets.
taxes are super high though from what I hear.
Do you mind sharing what part of Spain you live in? Did you also look at private and concertados? How were the kids accepted as foreigners? I assume they might have been born in Spain though.
@@jeffh7285We don't like foreigners and particularly callous expats exploiting our housing market and expelling us from our land.
This guy is absolutely amazing. He sold me on Colombia.
He is right about Italy. Learning Italian was a complete waste of time.
Haha not complete, you atleast have the language for when you visit
Exactly it is not a waste to learn another language, no matter which one .I will invest in Bahrain, Japan, Portugal
Karl...you're absolutely inspiring and needless to say, a role model! I'm so grateful to have come across your channel. Thank you!
Thanks for the support! Is global living something you would consider?
You are the man dude. You have created a real boss life. International guy. Mr international
Thanks
We left the north and have been working on accumulating RE in different US and non-US tax jurisdictions for residency, havens, citizenships, etc. We are learning languages and having fun traveling. Nice to hear others' testimony.
I can agree on a lot of stuff.
As a native Spanish speaker I must say I’m big on having the ability to speak multiple languages.
I speak Spanish, English and Portuguese.
I would love my children to speak at least 3 languages.
I’m leaning more towards Italy.
Thanks for sharing....why Italy?
@@Karl__Pierre as I previously mentioned, I’m a native Spanish speaker, I’m looking for different cultures, and also languages as I’m looking to learn another language.
I love Italian food, the culture, the affordability of everything including the properties.
Learning so much from you!! Appreciate the valuable information you share✨👌
I am a retired American and I love your channel. I love Medellin Colombia. I plan to spend winters here. I also love Spain however the government wants to tax all of my assets. I have a duplex in the states. I love weather and walkability. Don't care about beaches. I need to vist a few more to complete my trifecta global lifestyle
Agree, taxing world wide income should be a clear no go unless you don't setup residency there.
Which government wants to tax your assets, US? Can you explain what you mean. There are a few strategies you could use to minimize your US tax burden.
Salute my brotha Karl.
I respect your vision and ambition.
Soon I will enroll in your international living/investing course👊🏿💯✈
Thank you
beautiful family bro!
Thanks I made them myself lolololol
Karl Pierre, Thank You for sharing.
My pleasure!
Great video Karl! Thanks for sharing. I'm liking your channel more each time I see another video. PS Your kid is adorable! Since you mention Medellín what are your thoughts on safety in this city? This is the primary factor that puts me off some. Thanks!
I have a video coming out soon covering that topic. General rules are to stay off tinder, don't walk around alone at night or in shady areas, don't flash material possessions. Since Medellin is a large city with income gaps it will have the sort of crime larger cities do with the caveat of men being targeted on dating apps.
@@Karl__Pierre Thanks Karl!
Hey Karl, great video. I opted not to learn fluent Italian for the same reason. I love Spain and Barcelona.
Wow! Love your content so glad I found you. Did you ever consider homeschooling your children? When my kids were school age I lived in a U.S. state that was 49th in education so I decided to homeschool. They got an amazing education and we had the flexibility to do school anywhere. We learned so much more than we ever could in a traditional school anywhere! They are also better socialized because they learned to communicate and interact with people of all ages not just their pier group. I highly recommend it. Today my kids are all married 3 with higher degrees ( one worked for NASA) the other is an entrepreneur who lives internationally
Thanks for the words of encouragement
Greetings, I came across you page. I live in Ft. Lauderdale. When you are back in the country I would love to link and discuss JV on your projects.
You can reach out at info@entplife.com
I'm a foreigner, too, now US citizen. Pay attention with the green card, even if you spend less than 6 months out of the country, they can still take away her green card if the people at custom decide that she has been in and out too much and she hasn't really established her residency in the US.... It's all about who you find.
Yup she's a citizen now so we are outta here
Wondering when will you be doing Greece property tour and industry evaluation, opportunities….?
2025 have to get there. I don't like to report from a distance I like to be there, sit it in, explore, and assess
@@Karl__PierreHubby and I went couple years ago, and didn’t like the report either, would be interested to hear what it is now. Looking forward to your review.
Didn't know about the Medellin connection. Interesting, and so great to get a look back. We say we are "geographically polyamorous." Measure my wealth by freedom. We've chosen San Francisco and New Orleans, where we house hack our primary and run 5 STRs. Best friends sold their SF condo to go between Medellin and San Miguel Mexico and STR them when they're in the other place. Italian dual citizenship in process but it's slow, tried living in Bologna years ago and now looking at Sicily. It is so helpful to see other people. Super interesting.
Nice
Man, this video is getting me really excited now. I plan on moving to Colombia in May this year. I do have a Colombian girlfriend who just purchased a house there and it’s 75% paid off. I figured we’d finish that off and start saving up to buy a rental property in another location there. my original plan was to move to Portugal this year before we met, but after meeting her a year ago, I feel like this may open up new opportunities now. Currently retired two years ago, I have military disability, and a pension from my last career. I’m trying to find out the best way to go about this. I don’t think Portugal is going to happen anytime soon because this is an opportunity to increase my income and have properties in different locations. It might actually be the best way to eventually make it there. I will be literally starting from scratch. How are you dealing with the properties in these locations as far as residency, or do you have citizenship there, or are you handling them just on a tourist visa?
I’m a military 100% veteran as well
Let me know about South America
@@kingmaafa120 I’ve only been there once for 2 weeks in August visiting my girlfriend’s family and relatives. Taking another trip there in a couple weeks for a month to warm up before moving there in may. I stayed at the Airbnb in Manizales. it was a two bedroom two bathroom, brand new condo in a new building. We asked how much something like this would cost to purchase. We were told that particular property was $65,000. I immediately thought we need to pay off the house we are currently staying in as fast as possible, invest a little bit more money into it and maybe add some additions, and start saving up money for rental property in various location. I know a lot of the passport Bros go there for their thing, but I’m not part of that group.
Hey I think both are good choices. The only downside with Colombia and Portugal will be the income that you will produce on the properties. What you will want to do is compare long term rents with short term rents I that area. Take the net profot/purchase price and if you like that ROI do it, if not don't. I think investments should be based purely on performance while the other purchases being best for the lifestyle you want.
Great video. I have my house in FL on the market. We just spent a month in Spain and found a house. Now we will see if I can sell this house. We've been waiting on my wife to get her citizenship as well. She got it done in Oct. So now we are more free to move about the world. I have a house in Puerto Rico and thought I'd split my time between FL, PR, and Spain. But I'm finding I think we need more of a home base and everything else will just be to spend a little time.
Where are you thinking for the home base? For me it was Fort Lauderale due to coast and airport access. What are you needs for a home base? Weather, costs, time zone?
@@Karl__Pierre We're thinking Spain. Home owners insurance and taxes are so low that it makes sense to have something there that can sit empty when we travel. My house in FL costs $1,000 a month to sit empty even if I paid off my mortgage. We are focusing on the south of Spain. We can stay in one of our rentals in FL when we come to check on the houses. And the house in Puerto Rico is a vacation rental so we can block out dates for ourselves there too. One big problem is figuring out cars in all these locations. Renting gets expensive, but so far its the best thing we've found when we go to Puerto Rico.
@@TheRetirementality totally makes sense to me!
Hi Karl ,any insight on what will happen if there is a real estate crash like there was in 2008? Would love to hear your take on what could happen if the dollar crashes on a global scale I live in an expensive area in Turin where the cost of an appartment is around 2,046 per square meters and recently has gone up 5,6% Very informative channel. Thank you Karl!
All of that means nothing. If the market crashes you simply lose make beleive money. Always have a skill or assets that are in demand and you'll be fine. 2000/sq meter is ok my current neighborhood 8100/sq meter. I think 200/sq is pretty good.
I like the way you think Karl, always have. Yes, the US is to expensive for living full time in when you're trying to make as much money as possible and not just be a paycheck to paycheck serf for lack of a better term.
As entrepreneurs we will always try to find the best for our selves but I do have to ask how long you think these tax haven countries will be around? I for one am worried now that I've seen taxes go up in Switzerland, and tax reducing programs going away in places like Portugal. How long before Caribbean islands do the same? Should I be worried about this or do you think there will always be a place to go where saving money will be much easier?
Thanks.
You're willing to move so I would worry
@@Karl__Pierre Excuse me? I should worry because I want to move? I'm not sure I follow.
Consider Cape Town (South Africa) as well. As a citizen myself I can assure you'll find plenty of business opportunities, a talented, educated and hardworking work force, low cost of living, beautiful scenery etc. I definitely think you would love it here 👍
Definitely an underrated gem. Real estate there is soooo cheap. But it’s the crime really isn’t it?
Having a feeling it feels like Brazil I will visit soon
I am from Brazil, but it can be very dangerous and also the current government situation is super scary but now I am curious on what you have done in Cabo Frio. Did you buy cash or finance? I need to check out your other websites. love finding your channel.
I also live in Broward county 🙂
Hey, I bought cash. What is scary about the current government I know it's more left leaning.
@@Karl__Pierre, thanks for the reply. well, freedom of speech is being taken away. Courrption and violence has always been a thing. I am from Espirito Santo, a coastal state between Rio and Bahia. I'm not sure if you saw Elon Musl/Twitter vs. the Supreme Court judge and how they are also taking away citizens' passports of those who live abroad and don't agree with the government and are vocal about it. It's such a beautiful country, but the corruption fuels a lot of violence and super old constitution. Has major potential for sure but the corruption is so engrained.
Are your holdings in Medellin turning around for the better for you Karl? i've heard a lot of people that invested down there are still struggling to make a profit. seems that 2018- 2019 fire really died out.
Closed one during the pandemic the other I keep for personal use and lease for expense offset. The issue with Medellin is that the daily rate for typical apartments are too low and occupancy sits at around 65%....
@@Karl__Pierre Good to know! I once considered investing there, came really close to pulling the trigger on a condo but decided against it last min, I still don't regret my decision, but I always keep an eye on developments down there.
Have you been to St Barts Karl? any opinions of the place?
Nope
Didn't catch why not Puerto Rico given the clear tax advantages? Please consider a seperate video on this topic. thanks!
A little out the way, too slow a pace, but it was certainly on the list.
You should call your Italian wine 'Carlo Pierro'
Indeed
Just fiund your channel. We are RE investors with 3 properties in Boise, Idaho suburbs. We Airbnb them and one we have residence while we rent out other parts of home. We are interested in traveling to Europe/Italy to see investment/living options. Thanks for your channel.
Cool I'm hosting a trip this summer. Join Us. Www.entplife.com
We want no foreign vultures in Europe. Stay in your own country. AirBnb is a dirty word here.
Can you talk more about purchasing citizenship in other countries?
I can try
She looks so pretty ! Engaged , pregnant and happy
Thanks for watching
Hi Karl If your are ever interested in selling your triplex let me know. My wife and I ran one in a different location and would love to get back into it.
Thanks but not selling. I can tear down and rebuild. New builds selling for 3.5-4M in this market. I'm going to sit on this for a few years and either build one large home or a few townhouses
You are living the life i imagine for myself i appreciate the motivation.
That's what I'm here for!
You may like it in Rwanda and Investing there.
Will check it out eventually
Great video! Curious to know why do you want to raise your kids abroad? I’d like to do the same once I have some
I don't like the culture of the United States especially for people of color. I don't want my kids growing up feeling less than due to color. I also find that America is a bit cold/empty when it comes to family values
@@Karl__Pierre I hear you! Definitely makes sense
In many ways, the culture of the USA has become a cesspool, unfortunately.@@Karl__Pierre
Your websites links don’t even work
Are you sure?
Karl, I would go check out Valencia Spain for Las Fallas this coming spring.
Great city with great culture and family centric
Yup
You do realize that your wife will be saddled with FATCA/GATCA once she gets US citizenship right?
When the time comes we will explore our options
I was told that you had to re-enter the USA before the year ends. By LAW!
By who?