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Updated over 3 years ago on . Most recent reply

User Stats

137
Posts
62
Votes
Juan Maldonado
  • Austin, TX
62
Votes |
137
Posts

Anyone here from Colombia (South America) or with family/friends there??

Juan Maldonado
  • Austin, TX
Posted

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!!

Most Popular Reply

User Stats

423
Posts
293
Votes
Jackie Lange
  • Investor
  • Central America, Panama
293
Votes |
423
Posts
Jackie Lange
  • Investor
  • Central America, Panama
Replied

I live in Central America, in Panama.  There is HUGE opportunity with very little competition for marketing and for real estate. 

Direct marketing is not possible in Panama because we have NO mail delivery service to any house.  Heck, most houses don't even have an address in Panama.  Does Columbia have mail delivery service?

It is shocking how many businesses don't even have a web site.

You'll also save a lot of money living in Central or South America.  On my Panama web site, I wrote a blog post about the many ways you can save money but I cannot post it on this web site without getting the post deleted.  

My suggestion is to spend a month in Columbia before you make a decision to move.  

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