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089: Exploring Costa Rica: Is It the Ideal Expat Destination? – Gill Phelan

The Expat Money Show - With Mikkel Thorup
The Expat Money Show - With Mikkel Thorup
Episode • May 12, 2020 • 1h 31m
Today's guest on the Expat Money Show is Gill Phelan. Gill has truly led a most interesting life. He grew up in the cold north of the USA, moved to Florida after his divorce and now lives full-time in Costa Rica, making Gill a true expat.  

WHAT WE DISCUSSED IN THIS INTERVIEW:

  • Gill Phelan's Book: "The Caribbean of Costa Rica: Live and Invest on the Last Frontier" aims to help expats buy real estate in Costa Rica.
  • Grand View Estates: Founded in 2005 on the Caribbean Sea, sold out first three phases, now finishing Phase 4.
  • Why Costa Rica:
    • Gill fell in love with the country 20 years ago due to its people, economy, and natural beauty.
    • Discussion on why Costa Rica and specifically the Caribbean side are appealing.

  • Discussion Points:
    • Eco-friendliness
    • Scuba diving
    • Realizing dreams in Costa Rica
    • Assessing if one is suited for living in Costa Rica
    • Grand View Estates project details
    • Investment potential for seniors
    • Financial aspects of buying and building in Costa Rica

  • Cost Breakdown:
    • Land costs between $75,000 for 1.25-1.50 acres.
    • Custom homes built for $56/sq. Meter.
    • Example: 1000 sq meters (~3281 sq ft) house plus land totals $131,000 USD.


PICTURES

Open up Facebook and go and look at Gill Phelan's community, called Grand View Estates Costa Rica you won't be disappointed. The best way to contact Gill is through his FB page or if you have specific questions, Gill says you can email him @ info@gillphelan.com.  He's happy to answer any questions you might have.  

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CONCLUSION

Over the past several months I've really gotten to know and like Gill Phelan. He is the real deal, as I've already mentioned. When we bring on new partners to work with, it’s my responsibility to do my due diligence to make sure they are who they say they are.  

Mentioned in this episode:

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Join Us For Upcoming Live Webinars

Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.

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