I want to be an expat

So I just turned 21 years old and I inherited $700k USD from my mother which will sit in a trust until I turn 25 a year or so back and it's got me thinking about just buying a property upfront in a developing country, finding a wife, starting a family, and then just kicking back until I die, only teaching English online or something to take care of the trivial amount of ongoing living expenses that remain. Malaysia seems like a good option as foreigners can purchase land there and I can just do visa runs every 90 days. I'll wait until I'm ready to settle down though. I'm about to complete a BA in linguistics so so far I'm planning to get a CELTA and go teach English in Chinese universities for a while, maybe get a MA in TESOL after I get some experience in order to access the better university jobs, and then after that when I'm ready I'd buy a house somewhere picturesque where the cost of living is low and put my roots there and use my experience to get the better-paying online English teaching work (probably working only a few hours a week, only to cover utilities, pigging out on the local hawker fare several times a day, transportation, property taxes, etc.) Is this a solid plan? Thoughts and suggestions?

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  1. 10 months ago
    Anonymous

    >purchase land there and I can just do visa runs every 90 days
    Don't buy property somewhere you plan to live if you can't get permanent residency, they could change the visa rules anytime and not let you back in. Malaysia used to have a decent long term visa called Malaysia My Second Home (MM2H), but I think they upped the requirements a bunch after covid. I would also travel to several places you think might be interesting before choosing where to settle. Your plan sounds ok since you know it's not enough to retire and still need to work some, and Malaysia is cheap.

    • 10 months ago
      Anonymous

      With $700k, I would buy one or a couple of properties in the US, rent them out, then use the income to travel and build up a savings pot.

      Buying property overseas is a big commitment, so you're going to want to try some places for a while first. You've also got to consider the market and stability, as well as the changes mentioned. Plenty of people have been stung in the past where corrupt local officials compulsory purchase the land and undervalue it, for example.

      I would say Malaysia is actually quite risky. As someone who has spent quite a bit of time in Kuala Lumpur over the last few years remote working, it has a lot going for it and things are heading in the right direction, but... they've built way too many apartments, which is why you can easily rent a nice apartment for $500 a month. That oversupply of the property market would put me off buying anything there.

      Plus, if you can live in a nice apartment in Bangkok or KL for $800 a month, but you're making say $3k a month from your property in the US, then it's happy days and you don't need to work.

      I guess the other option is to buy two or more cheap properties abroad, live in one and airbnb the other(s).

      • 10 months ago
        Anonymous

        You guys are forgetting the part about managing the property in the USA otherwise I do like this idea

        Re Malaysia, $500/mo is not cheap for there so it's not fair to say they have over supply. Although I saw a ton of construction so I do think it will be possible to buy cheap condos sometime in the future. Anyone know the laws there for that?

        • 10 months ago
          Anonymous

          >You guys are forgetting the part about managing the property in the USA otherwise I do like this idea
          Hire a property manager. Don’t tell me you thought being a landlord actually required work?

      • 10 months ago
        Anonymous

        or he could not do that stupid shit while living on the other side of the world. For abyone saying muh property managers. How much do you think a 600k-700k apartment will net you.. Not enough for 60k wage property managers ill tell you.

        Why is everyone telling OP to buy a house? The last thing some 21 year old kid needs is to deal with renting a house to a bunch of randos. What if they don't make rent?

        He should stick the money in brokerage accounts and earn passive income that way. He should talk to a financial advisor about creating a well-balanced portfolio to generate passive income through a combination of ETFs, bonds, and REITs. There's no need to go through the trouble of buying a house to make your money work for you. And it's common sense not to put all your eggs in one basket. Lots of landlords got burned during COVID when everyone was losing their jobs and local governments pretty much allowed them to stop paying rent, by placing a moratorium on evictions.

        is correct

        • 10 months ago
          Anonymous

          >Not enough for 60k wage property managers ill tell you.
          The property management company manages other property for other owners too. You aren't paying someone $60k to run one house though the manager of a whole apartment complex might earn that. I feel like I'm talking to fricking children here.

          How do you find a good property management company? I’m looking for one in northern VA

          Get referrals if you can. Try to find other property owners in the area that rent their place out. Some real estate agents do it as well, but check references and get bids from more than one before you hire someone.

          • 10 months ago
            Anonymous

            >I feel like I'm talking to fricking children here.
            Yep. I think it's a social media thing where influencers who were previously peddling crypto are now stock experts.

            With interest rates as they are right now, it's a cash buyer's dream.

    • 10 months ago
      Anonymous

      >I would also travel to several places you think might be interesting before choosing where to settle
      This. Very much this.
      Great position you are in, congrats. Shame you can't buy Bitcoin now though.

  2. 10 months ago
    Anonymous

    >using a linguistics degree to get the same job a GED kid from Arkansas can do instead of putting that 700k of downtime into something lucrative like computational linguistics

    • 10 months ago
      Anonymous

      I don't need more money anymore. It's mainly about having an extremely pleasant but still self-sustainable lifestyle at this point.

      • 10 months ago
        Anonymous

        >I don't need money anymore
        You are clearly poor if you think $700k is enough. You can spend that in 2 years. You can spend that in 2 days if you want. Billions of dollars circulate the global economy, your 700k is nothing. Easy come, easy go.

        That being said, if you want to use this experience to travel, go for it. But don't buy a house unless its in the US. The US real estate market is somewhat shaky, but compared to other countries its so much better. Rent, chill, travel for a while, and see how quickly you blow through $100k. My bet, it will take you less than a year.
        Don't let anyone convince you somewhere is cheap. Thailand is cheap, but I sometimes spend $1000 a day. NYC is expensive, but some families live off $4k a month in that shithole.
        Good luck, but remember, easy come easy go.

  3. 10 months ago
    Anonymous

    >in a developing country, finding a wife
    it's not 1996 anymore bro

    • 10 months ago
      Anonymous

      and?

  4. 10 months ago
    Anonymous

    >just buying a property upfront in a developing country, finding a wife, starting a family,
    DONT. FRICKING. DO. THIS. Property is a good idea, because within a decade you'll probably double or triple your money. But for fricks sake, dont get married. Enjoy dating a girl, or a few of them. Chill out, and mature a bit. Wait at least til you are 35 if you still want marriage. What do you gain from splitting ALL OF YOUR ASSETS with a woman? She can still divorce you and take half your shit, even if she isnt in the USA. Alimony is enforced internationally, too. And child support.

    Take my advice. Buy a nice property, find a way to make some money while overseas, and date a bit. Just be patient and allow yourself to mature and learn about the world.

    • 10 months ago
      Anonymous

      What if he wants children though

  5. 10 months ago
    Anonymous

    Don't marry until you're 35. People who marry early are young cucks. Marry a wife who is 10, 15 years younger than you to enjoy her youth.

    • 10 months ago
      Anonymous

      Marry a wife who is 10, got it.

  6. 10 months ago
    Anonymous

    Frick you homosexual. You don’t deserve this. I have to work 60 hours a week for years just to be able to blow 20k for 6+ months and get a whiff of pussy.

    Frick you, you piece of shit. Frick you. Frick you

    • 10 months ago
      Anonymous

      You got your inheritance and blew it. Most people get far less. No refunds, Chud!

      • 10 months ago
        Anonymous

        >comparing 700k to 45k
        Shut the frick up pussy. 45k is nothing. Im gonna blow another 20k in a year. Suck my ham yai

        This little twerp shitbag doesn’t deserve that unearned wealth. If I can’t have my dream life of managing pin up agogo and also doing roleplay “pin up girl gives her manager her tight pussy for a day off” OF ring then nobody else deserves to be happy

        • 10 months ago
          Anonymous

          If you took that $45k and put it into an index ETF and kept stacking those $20k hooker money on top of it with all divies reinvesting you'd have tons of money in no time. But then you'd have to defer pleasure.

          • 10 months ago
            Anonymous

            Im doing that right now. I max my Roth every year and will buy any correction in this god forsaken bullgay market with the Ginger Ale Portfolio allocation on M1 finance.

            I don’t regret my decisions. Even if I ONLY maxed my Roth and expected a 5% return per year until 65 I would STILL have close to 800k in JUST my Roth account. That says nothing of any brokerage account that I dump money into.

            So, I implore you, dear friend, please allow me my exhortations.

        • 10 months ago
          Anonymous

          That pic rel is the most pathetic pitiful image I have seen on this board in my 16 years of SighSee perusal.

          • 10 months ago
            Anonymous

            Implying the disdain of some impotent dork affects me in any way. When that counter reaches 1 day, you will simply revere me.

            • 10 months ago
              Anonymous

              >Implying the disdain of some impotent dork affects me in any way. When that counter reaches 1 day, you will simply revere me.
              I live abroad. That's why I'm posting here. But good luck. I used to stare at the world map on my wall for hours a day some years ago.

              • 10 months ago
                Anonymous

                Well then frick you. Simple as. I hope you have to work when everyone is out enjoying their night you sniveling weasel

              • 10 months ago
                Anonymous

                >I hope you have to work when everyone is out enjoying their night you sniveling weasel
                I work remotely. Just a few hours a day when it suits me.
                >Simple as
                Cheer up mate. It's almost Friday, you can have laff with Jonno and the lads down the pub if you had friends.

            • 10 months ago
              Anonymous

              I was being nice to you. Wtf is wrong w u. Stop hating other people's success, it's like the cause of your shitty situation

  7. 10 months ago
    Anonymous

    Why is everyone telling OP to buy a house? The last thing some 21 year old kid needs is to deal with renting a house to a bunch of randos. What if they don't make rent?

    He should stick the money in brokerage accounts and earn passive income that way. He should talk to a financial advisor about creating a well-balanced portfolio to generate passive income through a combination of ETFs, bonds, and REITs. There's no need to go through the trouble of buying a house to make your money work for you. And it's common sense not to put all your eggs in one basket. Lots of landlords got burned during COVID when everyone was losing their jobs and local governments pretty much allowed them to stop paying rent, by placing a moratorium on evictions.

    • 10 months ago
      Anonymous

      Good. Frick landlords, frick dorkers, frick cryptogays.

      Should just do vtsax/vtiax and chill

    • 10 months ago
      Anonymous

      You can't be a landlord who owns one house and then frick off to the other side of the planet. You've got to deal with paying taxes, and staying on top of code and regulations. What if the heater breaks and it's winter? Now you've gotta shell out to get that shit repaired, or else the family may sue you and it can even be a crime.

      Whereas if he creates a portfolio he can just collect dividends and forget about it. OP should also avoid the common midwit trap of stock picking. You're not going to outsmart the market, much smarter people than OP make a career out of trying to with much more education and better access to information, and still wind up making the wrong call a lot of the time.

      And don't marry the first girl who shows an interest in you. There's no hurry. At 25 you'll have a poise and maturity you didn't have in your college days. Your prime years are still ahead of you, as long as you don't get bald or let yourself go.

      • 10 months ago
        Anonymous

        >You guys are forgetting the part about managing the property in the USA otherwise I do like this idea
        Hire a property manager. Don’t tell me you thought being a landlord actually required work?

        >Hire a property manager. Don’t tell me you thought being a landlord actually required work?
        This, it's literally fricking this.
        Am in property management. Some of our clients I think haven't even seen their fricking property for years. I haven't the foggiest idea where some of them even live, it could be Nigeria for all I know. We handle everything except property taxes and loans.

        • 10 months ago
          Anonymous

          How do you find a good property management company? I’m looking for one in northern VA

      • 10 months ago
        Anonymous

        >And don't marry the first girl who shows an interest in you.

        he's going to be marry a SEA bar girl.

        • 10 months ago
          Anonymous

          Dang where’s she from?

        • 10 months ago
          Anonymous

          marry a SEA bar boy instead

        • 10 months ago
          Anonymous

          Im in the process of marrying a khaosan girl. What can ya do

          >in a developing country, finding a wife
          it's not 1996 anymore bro

          Those women were the same as they are now. They appreciate the money, they need it, and you can kick them out and they come back. But Karma exists, and of course if a real gentleman enters their life and offers them something better than the bullshit you put them through just because you have money, you bet your ass they'll leave you in the dirt just like you did to them.
          And yes, I am projecting

    • 10 months ago
      Anonymous

      You can't be a landlord who owns one house and then frick off to the other side of the planet. You've got to deal with paying taxes, and staying on top of code and regulations. What if the heater breaks and it's winter? Now you've gotta shell out to get that shit repaired, or else the family may sue you and it can even be a crime.

      Whereas if he creates a portfolio he can just collect dividends and forget about it. OP should also avoid the common midwit trap of stock picking. You're not going to outsmart the market, much smarter people than OP make a career out of trying to with much more education and better access to information, and still wind up making the wrong call a lot of the time.

      And don't marry the first girl who shows an interest in you. There's no hurry. At 25 you'll have a poise and maturity you didn't have in your college days. Your prime years are still ahead of you, as long as you don't get bald or let yourself go.

      OP should have a diverse portfolio, property is an important part of that.

      If OP buys a property for 400k that he can rent out for 3k per month that’s 36k per year, taking away 10% (which is absolutely outrageous, it would never cost that much, but factor in unknown costs such as insurances) for property management that’s 32k per year, putting away maybe 5k a year for maintenance that’s a nice profit on an investment that is growing in value.

      Show me any me a portfolio that pays out 6%+ dividends whilst increasing in value.

      You won’t have to deal with anything like randos not paying, finding renters, inspections etc. Thats all handled by a property manager. The only contact you need is to authorise a repair if something breaks, but you could also just tell your property manager to deal with it.

      Put whatever other money you want to into a diverse stocks and share portfolio, or just the S&P. Talk to a financial advisor about that to help meet your goals and manage expectations.

      Property however IMO is an important part of that. It’s free money every year whilst owning something that’s growing in value. It’ll pay for its self.

      • 10 months ago
        Anonymous

        >OP should have a diverse portfolio, property is an important part of that.
        I mentioned REITs in my first post. He can use them to invest in real estate that way, rather than having to rent out a property himself and having to deal with getting a property manager, etc. With a REIT you can invest in many houses at once, it's much more diversified than buying a house to rent out and hoping for the best.

        It's especially hard to invest in real estate in another country, where you're unfamiliar with the laws and local agents may behave dishonestly towards you. When he can just park his money in a REIT and benefit from rents and even rising prices in a diversified manner, letting the big institution you'll be investing with manage the property instead.

        If you buy one house, if it gets hit by thunder or the tenants drag their feet on paying rent, you're fricked if you can't collect insurance. But if you invest in a REIT, you're investing in thousands of houses at once. If one of them gets hit by thunder or the tenant decides not to pay, you're more diversified than you ever could be buying houses on your own.

        • 10 months ago
          Anonymous

          I didn't say he would buy property in a foreign country, I said he should do so in a large city in his country. I didn't say he should rent it out himself, I said get a property manager. It's not a difficult task. They manage everything, finding renters, making sure they pay, they handle insurance and claims, everything. You don't need to lift a finger other than authorising a repair if one is needed. That's just replying 'yes' to an email.

          Sure if it's struck by lightning, that's why you have insurance.

          This is my first time hearing of a REIT, but from m understanding that's basically a stock. You invest and you get return. You own nothing. You don't have a house that you can eventually sell for more than you bought after making money off the rental.

          Buying a house is like putting 400k away for 10-15 years while that money is slowly dripped back into your account. After you got it back you can then sell the house for more than you bought it.

      • 10 months ago
        Anonymous

        is wrong. Same logic as comment above.

        The guy is lazy enough that he wants to buy some random shack and marry a poor sea girl. He doesn't need to actively manage some shit for loans that'll just bring headache occasionally. Which is the opposite of what he wants at alll.
        If this guy just let that shit shit in an indexed fund. That 700k should easily turn to $9,000,000 by the time hes 50 (hes 21) assuming 9% yearly growth. But no instead of working 30 years with a full early retirement. He is willing to forgo any stress to live today.

        • 10 months ago
          Anonymous

          About 4mil if he retires at age 40.

      • 10 months ago
        Anonymous

        I bought an investment property for $40k, forclosure during the recession. Sold for $220k this year. This is after making rental income off and on. You will have periods when the property isn't rented or the tenants stop paying. It happens. But the boomers are right about this one, dirt is the only thing they aren't making any more of. Stocks and crypto aren't real, they're fugazi, like in Wolf of Wall Street. I do own stocks and crypto though. It's important to invest in more than one type of thing.

        • 10 months ago
          Anonymous

          That's casually ignoring that you bought in a time of crisis. But since you have the money let's say you bought 40k worth of some spy tracker fund. You also would have ended up with 225k. Except the difference was that you never had to deal with any of that renter bullshit or taxes. Though you did make more assuming you paid cash for that and any leftovers after general home ownership costs during those 15 years went to you.
          However go ahead and try to do the same today. You might make more assuming you are willing to deal with the hassle of having 6-8 renters packed in like sardines at the same time. But good luck beating the stock market. And crupto isn't an investment anyways. It's a gamble as long as adoption for use as a currency doesn't exist. Which it doesn't today.

          • 10 months ago
            Anonymous

            That was less than 15 years ago. S&P would have basically done about the same though that is kind of an anomaly and RE appreciation is historically much more stable. Yes, cash and taxes weren't that much and I took advantage of some deductions. I guess its also a fallback because you always have a house you can live in if your plans don't work out. You can't live in an index fund.

  8. 10 months ago
    Anonymous

    Buy divided stocks, earn $40k-50k passive income on your $700k. on that income, you can travel and get a feel for what you want to do

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