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Forget Buying Overseas, Rent Your Way Around The World


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#31 rjw8652

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Posted 19 December 2008 - 04:10 AM

Soldintime,

Interesting you speak of Indonesia. I used to live in East Java for three years. How can you stay on a one year visa? This one is news to me - I always thought visas like that had to be sponsored by a local firm?

As regards renting your way around the world - yes it must be a great lifestyle. Lot of a problem if you have 4 kids of school age as I do! Internatioonal schools are damned expensive - I know.

You also talk about exchanging houses - again, fine in theory. However, can you really do this when you're only renting and not owning the place? Surely the terms of your rental lease prohibit such exchanges.


Cheers,

John

#32 Converted Lurker

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Posted 19 December 2008 - 10:10 AM

Here an update:

The renting abroad concept is great. I have been able to negotiate my rent down here in Malta. It has also given me the flexibilty to go out and travel and rent again when I am back. I am now in Bali and loving it here. I am in Ubud a trendy place with lots of arty shops, very cheap food 1-3 a meal and a bit cooler climate (2-3 degrees cooler as at sea level) as it is up in the hills a bit. I have had a look around and 250 - 350 would give me a great 3 bedroom house with beautifull views and a daily cleaner and gardener. There is also a great expat community out here.

Great way to sit out the global recession.

Visa wise you could stay here for a year.

OMG Bali Ubud :o , one of my favourite places ever. Monkey Forest Road, Ubud, Bali, one of my favourite addresses on the planet. :( Jeez how quickly time goes, please tell me it's not over developed and ruined, havn't been there for 16 years, what's happening there?
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#33 soldintime

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Posted 23 December 2008 - 05:16 AM

Soldintime,

Interesting you speak of Indonesia. I used to live in East Java for three years. How can you stay on a one year visa? This one is news to me - I always thought visas like that had to be sponsored by a local firm?

As regards renting your way around the world - yes it must be a great lifestyle. Lot of a problem if you have 4 kids of school age as I do! Internatioonal schools are damned expensive - I know.

You also talk about exchanging houses - again, fine in theory. However, can you really do this when you're only renting and not owning the place? Surely the terms of your rental lease prohibit such exchanges.


Cheers,

John


John,

You get the multiple entry visa for Indonesia which allows you to stay 1 year with 60 days at a time. Some officials can be bribed to let you stay longer than 60 days for a small fee.

With regards to exchanging my rented home. Yes it is possible. I just exchange my house, it is allowed for friends and family in my contract. Exchangers are friends.

Yes having lots of children makes this lifestyle harder. I only have a 1 year old and I envisage to have to stop this country hopping lifestyle will have to stop when she reaches 5. I have 4 years to make the most of it. After that I hope for longer stints in certain countries.

But my neighbour was an accountant in the UK. He is doing now all his work remotely, his kids 9 & 11 go to local schools and he is happely renting. It does not suit everyone but it can be done.


Cheers,

Soldintime

#34 soldintime

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Posted 23 December 2008 - 05:27 AM

OMG Bali Ubud :o , one of my favourite places ever. Monkey Forest Road, Ubud, Bali, one of my favourite addresses on the planet. :( Jeez how quickly time goes, please tell me it's not over developed and ruined, havn't been there for 16 years, what's happening there?


I was in Ubud 14 years before that. It has changed a lot. Boutique stores and arts shops line the streets of Ubud surrounded by rice fields. Hotels and houses have all a SPA feel which is great. It has a lot of good things to make it a base for a few years:

* SPA feel without the SPA prices - 1 hour massage only 3.50
* Good restaurants with more choice than Indonesian only. Again at prices I won't have to cook
* Cheap rental - nice furnished places in the middle of ricefields can be had for 350 a month
* Boutique shops to keep the wife entertained
* expat community (lots of artisitc and yoga minded types though)
* international chreches are available
* can afford to have a driver, a cleaner and gardener.

Minus - fast internet is expensive, I need this to do my work.

So Ubud has developed but not over developed. I could not recognise Kuta after 14 years.

Sold

#35 quine

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Posted 24 December 2008 - 12:37 AM

OMG Bali Ubud :o , one of my favourite places ever. Monkey Forest Road, Ubud, Bali, one of my favourite addresses on the planet. :( Jeez how quickly time goes, please tell me it's not over developed and ruined, havn't been there for 16 years, what's happening there?



Ooo just what I thought when I saw Ubud mentioned. I stopped there for 2 months in 1989 (at the top of Monkey Forest Road) opposite Satri's Warung and fell completely in love with the place and the people. Went back 10 years ago with Mr Quine and I think it has changed. Feels quite international, food on a par with any top city and flashy, expensive hotels. (Satri's Warung has moved to the opposite side of the road and Cafe Ubud (one in the middle of the rice paddy) had gone!!!)

Reminder to self: mistake to go back and expect everything to be the same. Best to leave the most fantastic memories as they are. Still brings a sentimental tear to my eye when I remember my time there nearly 20 years ago.
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#36 soldintime

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Posted 27 June 2009 - 10:16 PM

Yeah renting is still the way forward. I have found I have had enough of island living in Malta and because I do not have to sell I can move whenever I want.

Why buy a house in Spain. Check this website wit cheap long term rentals. http://www.eyeonspain.com

Have a look at this property I found. http://www.eyeonspai...aspx?apt=RP2181

3 bedroom apartment with communal swimming pool for €295 a month. It must be much cheaper than the mortgage on the place. Plus when you have had enough of it you go.

#37 workingnomad

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Posted 29 June 2009 - 04:06 PM

Bali is a great place to hang out, I prefer the coast to Ubud, somewhere like Seminyak nr kuta, quality at a cheap price! Same the visa situation is so tricky though!

#38 soldintime

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Posted 29 June 2009 - 04:51 PM

Bali is a great place to hang out, I prefer the coast to Ubud, somewhere like Seminyak nr kuta, quality at a cheap price! Same the visa situation is so tricky though!



Liked your blog and forum. It seems like you have had a great time going around the globe whilst earning. At the moment we do a mix of 3 things:
* Staying at a home base for 4-5 months a year
* Home Exchanging our base for 2-3 months a year.
* Travelling the rest of the year.

I am trading the forex market whilst doing this.

#39 thesmartmoney

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Posted 29 June 2009 - 10:09 PM

Liked your blog and forum. It seems like you have had a great time going around the globe whilst earning. At the moment we do a mix of 3 things:
* Staying at a home base for 4-5 months a year
* Home Exchanging our base for 2-3 months a year.
* Travelling the rest of the year.

I am trading the forex market whilst doing this.



Soldintime, ive read all of your posts with interest, it seems you have this work-life balance well and truly in order.

I envisage doing something similar myself but i first need a profession/skill which can be used remotely, akin to the working nomad. (im currently a coporate smuck working as a building surveyor)

You mentioned you trade the forex, Ive recently started trading on the FTSE and have made a small but tidy profit in doing so (more luck than judgment to be honest) but im seriously thinking of taking this to the next level on a fulltime basis as its something I understand, interests me, which can also be done remotely.

how and why did you get involved with forex trading in particular if you dont mind me asking? could you recommend any books or internet resources to help me get to grips with the basics of forex?
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#40 soldintime

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Posted 01 July 2009 - 02:35 PM

I could not PM you so here a short version of what i was going to send you.

I like to trade on a platform that is called metatrader. Metatrader is used by 50% of the retail forex brokers in the world. The reason is that there is a lot of software written that can automate trades. Watch out as there are a lot of con artist out there promissing quick riches.

Best websites are:
* www.babypips.com - do all their classes first before doing anything else. This is a fantastic and free website dedicated to forex training.
* www.forex-tsd.com - forum dedicated to automated trading
* www.forexfactory.com - the housepricecrash forum for forex - it is huge.
* www.forexpeacyarmy.com - great website trying to give baised reviews- tells you when it is a scam or not.
* www.facebook.com/group.php?gid=6457269717 - forum dedicated to finding good trading robots.

Good luck.

#41 RodCrosby2

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Posted 02 July 2009 - 11:08 PM

soldintime, can you recommend a trustworthy broker who provides metatrader data?
I believe there are a lot of scammers out there - "market makers", etc

#42 soldintime

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Posted 03 July 2009 - 09:11 PM

soldintime, can you recommend a trustworthy broker who provides metatrader data?
I believe there are a lot of scammers out there - "market makers", etc


I would say for the moment to go with non US brokers. A lot of changed legislation is coming to US based brokers. First it was the ban on hedging now it will be the way orders are processed. It will be on a first in first out basis instead of based upon ticket number. This has made it difficult for a lot of good strategies. The Uk is the main beneficiary with a lot of US based brokers setting up branches in the UK, so employment opportunities there.

Market markers are not per definition scammers. ECN (non dealing desk) brokers are relatively new to the Metatrader platfrom, due to difficulties with this platform. FXCM UK is one of these brokers offering ECN style broking. Other UK broker I like and gets good reviews is Alpari UK.

#43 Markie6

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Posted 03 July 2009 - 09:21 PM

As with all these types of platforms.... getting on a winning trade is ok , a losing 1 also ..but when it comes time to close it with a profit and there are no guarantees of that price there and then. Slippage / gapping is open to abuse.

If there was a trading platform where you could connect to the forex market without the need for a company to provide it for you then it could work.

The chariman of one of the leading MM's said that perhaps 5% of forex traders with his company made a profit

They're all much like bookies imho, it's ok when you're losing..but after a few wins...things change

#44 Markie6

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Posted 03 July 2009 - 09:23 PM

Yeah renting is still the way forward. I have found I have had enough of island living in Malta and because I do not have to sell I can move whenever I want.

Why buy a house in Spain. Check this website wit cheap long term rentals. http://www.eyeonspain.com

Have a look at this property I found. http://www.eyeonspai...aspx?apt=RP2181

3 bedroom apartment with communal swimming pool for €295 a month. It must be much cheaper than the mortgage on the place. Plus when you have had enough of it you go.



Nice find..ty been looking for decent site with a view to a long term rental / long holiday away lol

#45 workingnomad

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Posted 19 August 2009 - 04:45 PM

Thats great information Soldintrade about forex trading, it is something that has interested me a lot in the past and I am looking at new challenges and way of potentially making some money!

I am actually coming out to Bali in October for a while, its a shame the internet connections there still suck, that seems the biggest drawback!

I thought there was 3G connections in Bali now?




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