Romanesco bought a new construction property to pay off in 15 years
Leslie Romanesco · Building Wealth Abroad: Lessons for the Foreign Investor · Sep 8, 2026 · at 3:29
Real estate investor Leslie Romanesco explains her debt-amortization strategy for foreign properties on The Paul Morris Podcast.
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“We have one property that we, for, you know, we knew that we would pay it off in 15 years. It's in a great location. It was brand new construction, and that we would break even, right? So as long as we kept at least, even if it was down for a month, you know, at a time, we would break even on it, and then we would own it free and clear.”
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Romanesco: Investors should only buy property where they have local oversight
“I learned from my dad at a young age, invest in, you know, places that you would live, places that you have family, places that you have contacts, because somebody has got to manage that property or keep an eye on it.”
Romanesco says Americans buy struggling Italian and French towns' one-dollar castles
“Yeah, I think there are a lot of Americans and various other, that are investing in France in those, in Italy, In those, you know, it's a dollar, you know, a dollar for a castle because those towns are struggling and they need to bring new life in. And I think…”
Romanesco says the LA market overlooks middle-of-the-road homes
“Look for the middle-of-the-road, because our LA market, I feel either wants done, done, done, flashy, flashy, ready, or the deal, the bargain, the teardown, the mess. And that middle of the road property is opportunity.”
Romanesco: French property loans offer lower rates and 15-year terms
“Interest rates are much lower their 15 year term instead of 30, which is nice. So the great thing, yeah, the great thing about investing in France is that you know, you pay off Your loan's much more quickly.”
Romanesco targets hospital and university tenants for reliable turnover
“Location-wise for us is something that's very rentable, right? Close to, so like if it's close to university, if it's close to hospital, those kinds of things, and those are often the tenants that we're looking for. We don't want someone that's necessarily You…”