How to “Leverage” Your House Back Home When You Go Overseas
If you retire overseas, owning a home back in North America can be a huge asset. If you want to live abroad only part-time (as a snowbird, for instance), it gives you somewhere to stay when the weather back home improves. Or you may simply want a place to return to on occasional trips. Better yet, that place back home can generate a respectable income if you rent it out while you’re gone, whether you’re away for good or just for a few months each year. This can be a great way to earn some cash on the side—funds that can go even further if you’re living in a low-cost country like Panama or Ecuador.