Real estate for Friendly Nations Visa in Panama City - case studies

[@TheWanderingInvestor]

🇵🇦 Get in touch with Matt: thewanderinginvestor.com/services/international-real-estate-services/my-realtor-in-panama-city/ 🇵🇦 Full Panama City real estate guide: thewanderinginvestor.com/international-real-estate/panama-city-real-estate-market/ 🇵🇦 How to get residency in Panama: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-panama/

[@metaphy]

No mention of the 24h a day highly noisy road Via Israel below TerraMar. 😩

[@ruralrelaxationvideos]

Interesting video!

[@gotcryptonews]

Buildings that are claiming to have an air b and b license at time lies. Ask them to see their license of approval and let your lawyer confirm it before you decide to buy and make it a condition on your purchase agreement.

[@FabioGalleraniOfficial]

Im an italian citizen. Got panama permanent residency for 5k. Lucky italians!

[@TheWanderingInvestor]

Haha well done! Such a great special treaty for Italians ❤️

[@gotcryptonews]

Conveno Italia Panama.

[@matyoukee799]

$1000 a month is very conservative for that Casco Property. I have a studio just off Av Balboa that cost me $115k and rents for $950/m

[@profbradleywilson]

What are taxes on t?

[@cl2385]

A Realtors worst nightmare with a loud barking dog while showing a property😆. Great news for the area with the government pumping money into it. Just hope the money does not run out.

[@Chop_Liver-bd3oc]

Nice tour. Which is better for R.O.I. real-estate or CD? What are the general percentages please? Thinking of moving soon.

[@TheWanderingInvestor]

CDs around 4.5%. Real estate as per case study. thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-panama/

[@Chop_Liver-bd3oc]

@@TheWanderingInvestor OK, I am reading your website now. In one of your videos you referred to Panama City real estate like "catching a falling knife". Have things changed since then?

[@TheWanderingInvestor]

@@Chop_Liver-bd3oc Yes

[@ipxstore3902]

Some pay 5% per year

[@workerdee9244]

I should move to Panama.😊

[@jaykern]

How's the weather actually? Curious? Always sweaty?

[@TheWanderingInvestor]

Yes

[@gotcryptonews]

220k for 48 m2 that is very high compared in what you can find around the city. Casco has hardly any parking and no main supermarkets or big stores.

[@MrBCWalker01]

How is handicapped accessibility and accommodation down there?

[@TheWanderingInvestor]

Not great

[@vicente6897]

When will Panama make homes affordable that Panamanians can afford?

[@TheWanderingInvestor]

@@vicente6897 there are many low cost housing projects all over the country with access to cheap mortgages for locals

[@maxf5868]

Did you take a walk in the evening in Casco? I had it, and saw police and so on...

[@TheWanderingInvestor]

Yeah. It’s fine.

[@realismatitsfinest1]

My God! You have to invest $200k+ in real estate to qualify for Panama's FNV now?!? WTF?!? I was one of the first to get that Visa back in 2012 and the requirements were at least $5,000 in a Panama bank account and the "promise to consider setting up a business in Panama" ... I did just that. I promised. I considered it. And then I decided not to do it. However, I still go the visa just because I "promised to consider it." THE LESSON: Always jump on any visa in it's early days as those are the times when it will be easier. After the first year of a new immigration program the process gets much more difficult ... as we see here with this RIDICULOUS visa requirements! (With this visa I also only have to return for one day every 2 years; or, up to 6 years with an excuse -- e.g., a global pandemic; so this was great, because Panama went total Stalin-Hitler on it's residents during Covid, so I'm glad I wasn't there to experience that!)

[@gotcryptonews]

The law was changed few years back under President Cortizo. It used to not be required to pay 200k in real estate purchase to apply for permanent residence. There have been talks under the previous administration that they wanted to encrease this to 500k. To date it remains at 200k.

[@d-tech5338]

The company route still exists for FNV countries. It's a bit stricter in that you actually need to start a company and pay yourself some salary, but nothing too crazy. Still cheaper and less risky than real-estate in my opinion.

[@dovygoodguy1296]

With the high heat and humidity in Panama City how come you guys don't look like you're sweating?! How's the drought situation?

[@TheWanderingInvestor]

Watch towards the end. We were sweating 😅

[@dovygoodguy1296]

@@TheWanderingInvestor I guess you have to add that to the problem of the drought as well.....

[@burnout486]

Do you know anybody who actually received the citizenship after the friendly nations visa?

[@TheWanderingInvestor]

No

[@alexeldirani4674]

You have to wait 5 years after you get the E-CEDULA to get the citizenship. I know some foreigners that got it.

[@gotcryptonews]

After 5 years being part of full resident in Panama with the E cedula you can apply for the citizen ship. However it will take several years approx 3 under current laws to obtain it . Also you will need to take a test on the history of Panama .

[@bernardvard2954]

300.000 investment now, costa rica went 50 k down panama 100 k up

[@coolvibes001]

Your better off putting your money in a high yield money market.

[@TheWanderingInvestor]

@@coolvibes001 It depends on your objectives. This here is a residency play.

[@Dptl]

There is lot of business opportunities after sunset.. wink wink..

[@n4870s]

4-5k usd per sqm? No thanks

[@kristopherlee6555]

What price range are you looking for? Thats what people here usually for luxury properties.

[@n4870s]

@ idk, I can find luxury in central/eastern Europe which is European Union or the west culture. Why would I pay that money for latin american gangster style emerging country?

[@OBDPVCR]

So casually talking about displacing locals. Pretty awful

[@MrJuergenG]

It's the economy, stupid. Gentrification is a fact of life everywhere in the world where investment is taking place and therefore the economy is developing. Without the investments, people would still have run-down apartments in these places and no jobs.