Canadian buying in Chile
Hi all,
Been doing alot of research on the matter, and was wondering if anyone (especially fellow Canadians, namely Quebec) have ever bought any real estate in Chile. My wife was born in Canada and is going for a dual citizienship in Chile (Chilean family). We noticed how very inexpensive it is to purchase there, yet the cost of living very high.
We spoke to a relative who lives over there who also rents out a place and hires a property managing firm that ensures the rent is paid and all is in good condition at a very reasonable rate. We were thinking of doing the same. We will still reside here in Canada, but my wife will be going over there 1-2X a year.
Was wondering if anyone else out there has done this, and any potential issues to look out for? Also perhaps even any private lenders who specialize in foreign investments?
Thank you for your time!
Wes Derequito