How to “Leverage” Your House Back Home When You Go Overseas

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.

Baños, Ecuador: Hot Springs, Waterfalls, and Miracle Cures

Baños, Ecuador: Hot Springs, Waterfalls, and Miracle Cures

For many visitors, Baños’s thermal baths are miracle enough. You’ll find several places to soak away to your heart’s content here, in pools of varying degrees of delicious heat. The most popular public baths are right in town at the base of the 260-foot waterfall called Cascada de la Virgen, where Nuestra Señora allegedly once appeared. A shrine there is dedicated to her and her healing waters.