South America is a continent with many advantages.
It boasts fantastic natural scenery, the people are friendly, the soil is rich, and the cost of living is meager (especially compared to the United States, Canada and certain parts of Europe).
Hence it’s no wonder that many people from the US and Europe are choosing the continent as their second home. Why not live in a place they can enjoy, AND slash their living expenses by half or more?
And the benefits don’t stop there.
Certain South American countries also offer residency through real estate investment.
That’s right, you can obtain legal residency there just by purchasing a property (and you can use it as you wish).
For example, one South American country, which happens to be very popular with retirees, awards residency if you spend as little as $45,000 on purchasing a property there. (Although you probably want to spend a little more to buy a decent place).
And importantly, this type of residency usually works well as a pure Plan B play: As a welcomed investor, you are typically not required to spend a lot of time on the ground each year (if any at all).
This report identifies three South American countries granting residency via real estate investment. Read it to learn more about the opportunities and requirements of obtaining your perfect Plan B residency.
Real Estate is an asset that everyone has experience in. We all live somewhere, so it is easy to understand the value. We make judgment calls about the quality of neighborhoods, the amenities of a condo building, the views from your front deck, and the amount of privacy afforded. For many Americans, their primary residence…