How $300K Buys Permanent Residency in Panama w/ Steve Luther
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Show Notes
A $300,000 real estate purchase in Panama can get you permanent residency and a second passport.
Steve Luther runs Cord Real Estate, a boutique firm based in Nashville that helps American investors buy property abroad. After a serious health crisis, Steve and his wife stumbled into Panama while looking for a Caribbean property with better healthcare access, and ended up buying two investment properties there themselves. In this episode, Steve breaks down why Panama has quietly become one of the strongest hedges against US market volatility for real estate investors: a currency pegged one to one with the US dollar, low property taxes and insurance thanks to its location below the hurricane belt, and a residency by investment program that turns a $300,000 real estate purchase into permanent residency, with full citizenship available after five years. Steve also walks through what that money actually buys on the ground, how financing works for Americans buying through Panamanian banks, and what tends to derail a transaction. If you've ever wondered what buying property abroad actually involves, beyond the highlight reel, this episode lays it out.
Key Topics
- How Panama's golden visa program works, and what a $300,000 purchase actually gets you
- The retirement (Pensionado) program and its travel, dining, and entertainment discounts
- Why the dollar peg and hurricane-free location keep currency and insurance risk low
- How an American gets a mortgage through a Panamanian bank
- What typically derails a Panama real estate transaction, and how it compares to a US closing
Guest Bio
Steve Luther has been in real estate for 24 years and runs Cord Real Estate, a Nashville-based firm that has helped clients invest in residential, commercial, and international property for the past decade, including direct experience buying and managing property in Panama himself.
Links
🔗 Learn more about Steve's team and the upcoming Invest Panama Summit (May 28 to June 1): CordRealEstate.com
🔗 Build systems for your investing business: https://realdealcrew.com
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