Anyone on here from or interested in Colombia (South America)

Anyone on here from or interested in Colombia (South America)

Austin, TX · Member since 2012 · 137 posts · 62 votes

Hello BP,

I was originally born in Colombia and have lived in the US since I was 8 years old. A few years ago I had the chance to go back and live there for a few years, before moving back to the U.S.  

I am getting interested in starting a direct marketing, wholesale, flip operation down there. 

Here's why: 

1. Recently a world organization (possibly IMF, was listening to radio, cant recall name) placed Colombia as the top country in LatinAmerica to do business, regarding the ease of doing business. 

2. They recently signed a free trade agreement with the EU and US, among other nations

3.On the verge (hopefully) of finally coming to a peace resolution with the insurgent group (FARC) that has kept the country in a 40 year old civil war. Colombia spends about 20% of taxes raised to fight this war with itself. 

What does this mean... OPPORTUNITY, there is currently a flood of foreign money being pumped into the country creating excessive appreciation. 

My family has ownened an apartment in Bogota for a while, in the last 5 years it has appreciated 12% average annually, according to "el tiempo" our version of NY Times, this year this neighborhood will appreciate at 16%. 

If someone would like to talk about possible opportunities would love to connect. I honestly don't think there are many people doing direct marketing or anything of the sort. I honestly have not done too much research other than my recent time living there and dealing with my apartment there. 

Let's chat!!

1Reply
20 views

Most Popular Reply

Field Engineer · Van Alstyne, TX · Member since 2015 · 12 posts · 2 votes
11y

Juan,

My wife is from Barranquilla and we've thought about this quite a bit over the past few months.  I don't know if you are familiar with Santa Marta but we are currently looking at properties in that area.  Like you. we see a lot of potential in Colombia especially with the current exchange rate and the recent new of peace with the FARC.  If you'd like to chat, please shoot me a private message.

-Chris

See this reply in the discussion

11 Replies

Jump to latestLatest
  • Queens, NY · Member since 2014 · 153 posts · 64 votes
    11y

    Juan, I'd love to chat some time about this topic. I live in NYC but born in Colombia. My mom and most of my family still live in Medellin and some in Bogota. I have no knowledge of the RE market down there, but very interested to learn more. Send me a direct message when you have a minute. 

  • Austin, TX · Member since 2012 · 137 posts · 62 votes
    11y

    @Eric A. sent. Look forward to speaking with you. 

  • Field Engineer · Van Alstyne, TX · Member since 2015 · 12 posts · 2 votes
    11y

    Juan,

    My wife is from Barranquilla and we've thought about this quite a bit over the past few months.  I don't know if you are familiar with Santa Marta but we are currently looking at properties in that area.  Like you. we see a lot of potential in Colombia especially with the current exchange rate and the recent new of peace with the FARC.  If you'd like to chat, please shoot me a private message.

    -Chris

  • Austin, TX · Member since 2012 · 137 posts · 62 votes
    11y

    @Chris W., I know Santa Marta, the coast in Colombia is growing immensely right now. Particularly in Barranquilla. My family has a company that just entered the Barranquilla market a couple of years ago and we are thrilled with the results and local economy. No doubt it will only continue to grab strength.

    Sending you PM.

  • Investor · Houston, TX · Member since 2016 · 5 posts · 2 votes
    10y
    Juan what did you find out about your Colombia investments. Message me directly I'd like to discuss more.
  • Portland, OR · Member since 2017 · 1 post · 0 votes
    9y
    I'd be interested to learn more, please message me.
  • New York City, NY · Member since 2017 · 10 posts · 2 votes
    9y

    I am also from Medellin, I am associated with a RE company down there and more than happy to help anyone with any questions. Message me directly and lets connect

  • Engineer · RENSSELAER, NY · Member since 2017 · 16 posts · 5 votes
    8y

    My girlfriend is from Bogota and I've always thought about investing there. Is anyone familiar with the specifics of the tax law compared to the United States? Are there tax deferment strategies like the 1031 exchange or similar benefits? From what I've read, financing there is not as readily accessible - higher down payments and interest rates.

  • Real Estate Agent · Boston, MA · Member since 2018 · 8 posts · 3 votes
    5y

    @juanmaldonado this thread is old. Are you still investing in Colombia? I am interested in Medellin, Barranquilla and possibly Santa Marta.

  • Mike LambertPro Member
    Investor · The Americas and Europe · Member since 2016 · 1k+ posts · 1k+ votes
    5y

    @Maria Palacio

    There are more recent threads on Colombia and I've been responding to posts in a few of those. I believe you can find them by looking through my profile.

  • Real Estate Agent · Boston, MA · Member since 2018 · 8 posts · 3 votes
    5y

    Will do. Thanks

Join the conversationCreate a free account to reply, vote on answers and follow this thread.