All Forum Posts by: Waylon L.

Hello Basit.  The COP was strong when I purchased in 2012 nearly double what it is today so while property values have more than double in the past 9 years I still own property for around the same value I paid for it which was 250k USD.  The area was in a Poblado neighborhood named Catropol.  Really a nice apartment.  2 story Penthouse.  I enjoyed living there very much.  Towards the end, the pollution was bothering me so I bought an apartment in the South of France and have only been back to my home in Colombia briefly.  

I Airbnb my property with a 1 month minimum as per Colombian law.  There are a few buildings that have licenses to rent the properties for less than a month so good to look into that.  

I pay a Colombia accountant to file taxes on my rental income and I have a friend manage the property for me and pay her 10%.  My gross income has been anywhere from 28-19k a year and Net around 75% of that.  

Colombia is a great lifestyle play.  As far as income-producing property I am sure people do it much better than I but it's not easy necessarily and I speak Spanish as a second language.  

Hey Brandon.  I have experience in Colombia as I bought my apartment in Medellin in 2012 and lived there on and off until 2017.  I still have my property there, but I could not justify living there even though it really is a great city with friendly people and excellent amenities because of the security concerns and pollution.  

In 1997 I lived in Mazatlan, Mexico, for a year, and while I have not been back, I have fond memories of the friendships I made and the great cuisine.  I haven't visited the Cancun area yet, but I am considering it my next move if and when I decide to leave Thailand.  

Yes, I agree.  Thailand is a complicated place to own property.  What I meant was I will be purchasing a property in the countries I mentioned without visiting the properties as I plan to stay in Thailand until a better idea of international travel emerges.  I do not want to leave a Covid free country for a country with high rates of Covid like Brazil so I more than likely will be purchasing through photos, video, and google maps.  Have you made purchases in this fashion before?  

Thanks for your insight, Tom.  A couple of issues right now is I will most likely be purchasing the properties from here in Thailand so I feel limited to cities that I have visited.  Hence Rio and not Fortaleza being I have never spent time there and do not know if its a livable place for myself.  I haven't wanted to venture far from Thailand because of the Covid situation around the world.  Would you purchase properties over the internet, not in person?  It seems doable with today's technology but this will be my first time trying.  

I have spent a few months in Istanbul and like the city.  Another good option especially considering the Liras weakness

Hi Matthew.  I had looked at Prague for a second home and rental income back in 2015.  I see prices have increased significantly since then.  I should have pulled the trigger back then.  I liked Prague 5 in particular.  Thanks for the heads up on the currency play.  Ill take a look.  

I have a short-term rental in Both Medellin and near Nice France.  When purchasing the properties I had spent time getting to know my neighbors and made a few friends.  I was able to employ two of the people I had met and pay them 10% of the rental price.  They handle the check-in,  and arrange for any repairs to be made and cleaning done.  I do all the reservations through Airbnb myself.  I tried a few property management agencies in Medellin and didn't have luck in finding a company that I felt did well by the property.  If you have the time you should do it yourself.  If not then find the best option for a local company.  

Hello, I just happened upon this forum. Because International travel and real estate investing is a great interest to me, I thought I would introduce myself and hope to start a conversation on options for the favorite places to purchase real estate for like-minded people.  My current properties in Medellin and France have been a mixed bag, but I am happy I made them.  I currently have both on short term rental platforms and have been doing reasonably well the past 5 years.  

I only purchase on areas I would like to spend time and possibly live in the future.  I also decided only to purchase places where historical currency valuations for the USD are to my advantage.  So Thailand, where I have been the past year for Covid, is not an option because of the strong Baht.  I also am concerned with SouthEast Asia's tendencies to disallow foreign freehold ownership of land and strong laws against short term rentals, even if not mostly enforced.

I am currently in contact with and purchasing real estate in Cape Town, South Africa, Marrackech Morroco, and Rio de Janeiro, Brazil.  I have spent time in the past in all of these places and would like to return, I'm rambling here, but my question would be, are there any areas that people would recommend for a USD currency advantage and a nice lifestyle?

Regards

Hello, I just happened upon this forum. Because International travel and real estate investing is a great interest to me, I thought I would introduce myself and hope to start a conversation on options for the favorite places to purchase real estate for like-minded people.  My current properties in Medellin and France have been a mixed bag, but I am happy I made them.  I currently have both on short term rental platforms and have been doing reasonably well the past 5 years.  

I only purchase on areas I would like to spend time and possibly live in the future.  I also decided only to purchase places where historical currency valuations for the USD are to my advantage.  So Thailand, where I have been the past year for Covid, is not an option because of the strong Baht.  I also am concerned with SouthEast Asia's tendencies to disallow foreign freehold ownership of land and strong laws against short term rentals, even if not mostly enforced.

I am currently in contact with and purchasing real estate in Cape Town, South Africa, Marrackech Morroco, and Rio de Janeiro, Brazil.  I have spent time in the past in all of these places and would like to return, I'm rambling here, but my question would be, are there any areas that people would recommend for a USD currency advantage and a nice lifestyle?

Regards

Alex