Have you ever dreamed of retiring to a tropical paradise but assumed it was financially out of reach? If so, this episode of the Think Bigger Real Estate podcast is a must-listen. My co-host, Stephanie Peck, and I sat down with Melissa Darnay, a U.S. real estate professional who moved to Panama, built a thriving business, and now helps others achieve the dream of living and investing abroad.
In this insightful conversation, Melissa shares how she transitioned from life in Texas to living with a view of the Panama Canal. She debunks common misconceptions about relocating abroad, explains why Panama is an attractive option, and provides practical steps for real estate professionals to achieve location and financial freedom—without giving up their businesses.
Many Americans and Canadians assume that retiring in a tropical location is only for the ultra-wealthy. But Melissa explains that oceanfront property in Panama can start as low as $160,000, with incredibly low carrying costs—no property taxes in some buildings until 2032, small HOA fees, and inexpensive utilities. Compared to the rising costs of living in the U.S., Panama offers significant savings.
Moving to another country can feel intimidating, but Melissa discovered that expat life in Panama is highly social. She was able to build a network of friends and professional connections quickly, something she says is common for new arrivals. This welcoming community makes the transition smoother for retirees and investors alike.
For real estate agents who love the idea of spending time in a tropical destination—but don’t want to lose their local business—Melissa offers a clear strategy. She explains how she structured her real estate business to work remotely, only stepping in for high-value tasks while leveraging a trusted team for day-to-day operations. She advises agents to:
Melissa built her business by forming strong relationships with U.S. and Canadian real estate professionals. She offers a 25% commission referral program, allowing agents to earn income simply by connecting clients with her. This model benefits agents who want to provide additional value to their clients while expanding their revenue streams.
Panama’s real estate market offers attractive investment opportunities, especially for short-term rental properties. While Panama City has restrictions on vacation rentals under 45 days, Melissa highlights other areas where investors can capitalize on short-term stays. She also points out that properties in prime locations continue to appreciate, making Panama a strong long-term investment.
It’s never too late to dream big. Many people give up on their ideal retirement or financial goals because they seem unrealistic—but Melissa’s story proves otherwise.
Whether you want to buy a second home, invest in real estate, or transition to a more flexible lifestyle, the key is to start planning strategically. As Melissa puts it, “The worst that can happen is you hate it and go back. The best that can happen is your life changes in the best way possible.”
If you’re a real estate professional, this episode also offers a practical roadmap for building a business that doesn’t trap you in one location. By creating referral partnerships, delegating effectively, and exploring investment opportunities, you can design a career that supports the life you truly want.
At ProInsight, we’re here to empower you to reach new heights. Let’s think bigger together.
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