Welcome back to the Real Estate Investing School Podcast. In this episode, Joe interviews Andrew Bilak, a Canadian real estate investor who has turned his attention to the vibrant market of Costa Rica. Andrew owns two vacation properties in Costa Rica and operates a consulting and marketing business to help investors navigate the complexities of buying property in this Central American paradise.

The discussion begins with Andrew’s journey into real estate, starting from student rentals in Canada to his exciting ventures in Costa Rica, providing listeners with valuable insights into the details and benefits of investing abroad. The conversation between Joe and Andrew covers a range of essential topics for prospective investors. They explore the practical aspects of real estate investment in Costa Rica, including due diligence, market research, and financing options. Andrew highlights the challenges and rewards of purchasing properties in a foreign country, emphasizing the importance of understanding local markets and legal requirements.

He shares his personal experiences and offers actionable advice on finding trusted local contacts, dealing with property management, and leveraging equity from properties back home to finance new investments. This episode is packed with practical tips and real-life examples that demystify the process of buying and managing vacation rentals in a burgeoning market like Costa Rica.

They dive into the comparative advantages of real estate markets in Canada, the United States, and Costa Rica, highlighting how current economic conditions influence investment strategies. Andrew’s story of achieving significant equity growth and generating consistent cash flow from his Costa Rican properties serves as an inspiring case study. By the end of the episode, listeners are equipped with a deeper understanding of international real estate investment and the potential it holds for diversifying their portfolios and achieving financial success. 

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