Offshore Investment

As identified by Adam McGeehan in his Article, Why Offshore Real Estate is the Perfect Investment, diversification is the heart or core of all successful financial portfolio. Many people may term in stocks in different companies as diversification but in the same country based on the same currency, this is still no diversification. That is the reason why many investors want to go beyond the borders of their country and invest in offshore real estates. As the rate of yield on real estates may differ from country to country, there are complexities that make it very hard for investors of an offshore real estate to break even.

Challenges of offshore real Estate

Let’s take for example an investor from Nigeria wishes to invest in real estate in the United States of America, owing to the fact that the US is a land of prosperity as proclaimed by many. The investor has to decide if he is going to trust a salesman who comes to Nigeria to sell a dream or he is going to physically travel to the US to sort things out by himself. After deciding on what to buy and the mode of buying (either through salesman or going over physically), he needs a holding structure for the real estate. This becomes challenging as taxes to be paid are very high in the United States especially for a foreigner. With all of these, he has to open a bank account which is difficult especially for non-residents. When the asset has been purchased, he will also face difficulty in managing the asset and many other challenges to be dealt with for being a landlord in the United States. All of these processes can take months to complete and are cost implicating.

On the other hand, Lief Simon in his article, Holding and Owning Real Estate Overseas listed some of the complexities he faced by investing in an offshore real estate in Croatia. As an investor coming from the United States, he faced tax burden, he has to present a letter indicating that Croatians could buy property not only in the United States but specifically in the state resident of the buyer. He also stated some other challenges investing in real estate in Portugal.

Wealth Migrate – A solution

But in all of these complexities, wealth Migrate seeks to ease the burden of investors seeking to diversify their investment through investing in an offshore real estate.

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Almost half of the world's wealth is held in real estate, but only 12.9% of the population have the disposable income to access it. Through the Wealth Migrate platform, investors benefit from the extensive experience of the Wealth Migrate executive team which has collectively invested more than USD 1.4 billion for clients in international real estate transactions over the last three decades.

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Wealth Migrate a real estate marketplace for global investors which allows investors to invest in real estates in foreign countries from the comfort of their rooms. Wealth Migrate eliminates taxes and all friction costs faced by an investor in traditional real estates. It also helps to eliminate middlemen as global investors gain access to global real estate providers on the platform. Investors on the platform gain access to invest in the real estate premium market around the world.

Apart from the fact that Wealth Migrate eliminates taxes and friction costs encountered in a traditional real estate, it also allows users to invest with a minimum of one USD. This is only made possible through the blockchain technology. This also enables investors to invest in multiple global real estates.

For compliance with the law, users of the platform must go through Anti Money Laundering and Know Your Customer (AML and KYC) procedures to secure the investments of the investors.

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The time spent in investing in an offshore real estate is totally cut from months to minutes. Users go through the simple steps of signing up, confirming their identity, selecting from the list of investments on the platform, and payment. The platform allows users to gain access to every detail of each investment on the platform. Investors can review diligence reports of a prospective investment before investing.

There are many more advantages that Wealth Migrate platform offers both global investors and global real estate providers.

Token and ICO

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The number of tokens held by each user on the platform will determine the tier or level of membership shown in the picture below:

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Earning on the platform are through: investment, research or due diligence, education and socializing (referrals and attending a workshop or other qualifying events)

For further information on Wealth Migrate, you can read:

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Whitepaper

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Thanks for reading. I am @ayobami99 (bountyhive username: Ayobami). You can join the promotion of Wealth Migrate on bountyhive here.

You can reach me at my email: [email protected] if you need me to write an article for your project.