I bought property in Colombia and I don't think I'm crazy.
Investment Info:
Single-family residence buy & hold investment.
In 2018 I bought 3 apartments in Cali, Colombia. Cali is the 3rd biggest city in Colombia. In terms of value, I am getting a bargain price compared to the flavors of the month, i.e. Bogota and Medellin. However, Cali continues to grow and I believe property valuations will be at par with Medellin in the next decade. Therefore my outlook is now is the time to buy if you're looking for bargains and most importantly if you have the stomach to withstand the risk in investing in emerging markets.
What made you interested in investing in this type of deal?
My parents are from Colombia so I have always had an interest investing in stocks and real estate in Colombia. Also, this allows me to diversify in the most literal manner.
How did you finance this deal?
One I bought full price with cash.
The other two I was able to get them financed in the local currency, allowing me to hedge my investment and mitigate currency risks.