What would you do in my shoes.

[Christopher O'Sullivan]

Hi All,

Can you please take at my plan of action, I would to know if it makes sense, if you would do something different? My goal is get of the Peru market, and invest back to USA, I would to replace my income with US property.

Background
I own a penthouse in Lima, Peru worth about 250k. I use it as an Airbnb property for the last 7 years.

Last year it brought in about 18k, I would be open to selling it, because of the coronavirus, we lost 8000 in upcoming cancelations. The area is not gone up in value in 7 years.

Here is the Link to the property

https://www.airbnb.com/rooms/1... I also own 6 apartments in Central lima, that sell for 200k.

I don’t really need to be in Peru anymore, I’m an American.

I can sell 2 of these property’s ever year for 5% tax. If I sell 3 the tax is 38%.

Penthouse 250k

Unit 1b 40k

Unit 2b 40k

Unit 3b 40k

Unit 4b 40k

Unit 5b 40k

The Plan

Buy 1st 4-plex May-July 2020

FHA and 3.5% down
I have 40k to put in now

I’m a 1st time Home buyer in the US

Mid 2020 Sell my property Penthouse in Lima Peru, bring 250k back to the USA

I was thinking at this point, 2 more 4 plex with 200k down or should I look at something else.

Any feedback is greatly appreciated.