Toronto, Ontario · Member since 2015 · 41 posts · 9 votes
Hello,
I might be over my head. But living in Canada, I found that investing in Real Estate does not have the same ROI as in the states and has a few things against it (high price for properties, the law being tenants friendly, and others).
As I was brainstorming other ways to buy a property, my first instinct was to focus on the US. But then I wondered if I can go in the US, what would it be in Latin America where properties could be even more affordable? Might not do it for my first property but something to keep my eyes on if it is viable.
Thus, the reason why I am asking on this forum. Would anyone have some experience with it?
Developer · Santo Domingo, Distrito Nacional · Member since 2016 · 121 posts · 53 votes
8y
@Krishna D investing in Latin America is good but you have to know the laws, you have to know where to buy property that will be to your advantage for reselling and/or long term rentals and also have trusted realtors on your corner helping you with your purchase, especially if your going to retire in one of these countries it will be great idea to have a small portfolio of properties. We invest in Dominican Republic. We build small condominium building and resell it to the public and at the same time build an apartment building and have rental income. But do your Homework before investing because if not you can loose your money in seconds.
Developer · Santo Domingo, Distrito Nacional · Member since 2016 · 121 posts · 53 votes
8y
@Krishna D. it all depends developing in the country you make more money than residual income because the cost to build is very cheap compare to states. Residual income the states is better because you can purchase wholesale properties, tax deed, foreclosures etc and make your money grow anywhere in the states. DR depend where you build you can see the same numbers but you need to do your homework and invest in non tourist areas because these areas the cost of land the land is a lot cheaper than the tourist areas.