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.

A New Life in Cotacachi, Ecuador

A New Life in Cotacachi, Ecuador

Cynthia Collett recently celebrated her first anniversary in Ecuador, although she admits she had been working on this idea of "retiring overseas" for nearly a year before she actually made the move. "A friend came to Ecuador for a work-related conference," Cynthia says. "And she told me I would absolutely love Cotacachi. "That’s when I started the Internet research. The more I read, the more I fell in love with the culture."

A Caribbean Escape Three Hours from New York

A Caribbean Escape Three Hours from New York

The tops of the palms wave cheerily in the breeze like giant green feather dusters against a soft blue, cloudless sky. I’m bobbing contentedly in the warm turquoise waters looking back at the beach, its silky white sands speckled with tiny seashells. Despite it being mid-summer I’m the only one swimming in this small cove…the only one enjoying this flawless slice of beach this morning.