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Assuming you're American, if you work remotely and have no dependents, you could consider moving abroad to a country with lower cost of living. (Easier to cut e
by bergerjac 13y ago
Assuming you're American, if you work remotely and have no dependents, you could consider moving abroad to a country with lower cost of living. (Easier to cut expenses than increase revenue.)
You may qualify for the Foreign Earned Income Exclusion (~$96k) if all of your work is performed while you're physically outside the U.S.
I've been researching this topic religiously for the last 9 days and have contacted companies to help me structure everything. I'll write a detailed article when everything is said and done.
As far as Real Estate investing goes, find something that has good bones (layout, HVAC, plumbing, electrical, etc.) and bad aesthetics (overgrown shrubs, needs paint, etc.). Make a low-ball offer, hire someone to fix the aesthetics, and execute a 1031 Exchange to move up the ladder.