Investing in Latin America
Hello BP Community,
I recently visited Colombia and found that it is a growing tourist destination which led me to believe that an Airbnb would be very profitable in those hotspots.
Had a few questions that popped into my head:
-What financing options would i have?
Everywhere i'm reading , i do not much much options on financing and the few ways to finance is via personal or business loan where interest rates are high and terms are very short.
- Is there anybody in BP who specialize in international investing in LATAM and Asia who i can speak with to get a better idea on my entry and exit options?
Thanks!
Most Popular Reply
In any country (including the US), everybody is supposed to be equal under the law. This means that you shouldn't take any different steps than you'd do at home to protect your assets but you'd have to adapt that according to the local law. This is different from the fact that the law itself could be different for citizens and non-citizens in certain countries. For example, Thailand doesn't allow foreigners to own any land (they can buy condos, with the exception of the ground floor ones).
While foreigners are equal under the law, it is possible that, in certain developing countries, a judge would favor a fellow citizen over a foreigner when rendering a judgement. This is why it's a great idea to know what you're doing and with whom you're doing it when investing overseas.